Civic Intelligence

The Academy Research and Development Institute

990 • Fiscal year 2018 • EIN 74-2378230

Sep 01, 2017 to Aug 31, 2018 • Filed on Nov 09, 2018

Organization ProfileN/A
720 Walsen RoadColorado Springs, CO 80921

(719) 599-1370

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

4th percentile

0.00x

Higher debt load relative to assets than 4% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

4th percentile

0.00x

Higher debt load relative to revenue than 4% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

96th percentile

72%

Higher net margin than 96% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

70th percentile

8.1%

Faster asset growth than 70% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

94th percentile

93%

Faster revenue growth than 94% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets4th percentile

Assets

Up

$36,456,685

Up $2,746,312 (+8.1%) from 2017

Net Assets

Up

$36,444,391

Up $2,742,230 (+8.1%) from 2017

Liabilities

Up

$12,294

Up $4,082 (+50%) from 2017

Revenue And Expenses
Liabilities / Revenue4th percentileNet Margin96th percentile

Revenue

Up

$3,789,305

Up $1,827,030 (+93%) from 2017

Expenses

Up

$1,047,075

Up $37,252 (+3.7%) from 2017

Net Income

Up

$2,742,230

Up $1,789,778 (+188%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $22,893,653Liabilities 2011: $70,344Net Assets 2011: $22,823,3092011Assets 2012: $25,209,821Liabilities 2012: $70,482Net Assets 2012: $25,139,3392012Assets 2013: $28,131,727Liabilities 2013: $67,506Net Assets 2013: $28,064,2212013Assets 2014: $32,379,198Liabilities 2014: $70,678Net Assets 2014: $32,308,5202014Assets 2015: $30,984,692Liabilities 2015: $78,854Net Assets 2015: $30,905,8382015Assets 2016: $32,757,174Liabilities 2016: $7,465Net Assets 2016: $32,749,7092016Assets 2017: $33,710,373Liabilities 2017: $8,212Net Assets 2017: $33,702,1612017Assets 2018: $36,456,685Liabilities 2018: $12,294Net Assets 2018: $36,444,3912018Assets 2019: $35,655,299Liabilities 2019: $10,769Net Assets 2019: $35,644,5302019Assets 2020: $32,705,477Liabilities 2020: $2,069Net Assets 2020: $32,703,4082020Assets 2021: $44,885,190Liabilities 2021: $2,300Net Assets 2021: $44,882,8902021Assets 2022: $40,306,897Liabilities 2022: $763,451Net Assets 2022: $39,543,4462022Assets 2023: $44,203,625Liabilities 2023: $19,174Net Assets 2023: $44,184,4512023Assets 2024: $50,657,188Liabilities 2024: $20,462Net Assets 2024: $50,636,7262024Assets 2025: $56,457,172Liabilities 2025: $31,080Net Assets 2025: $56,426,0922025

Highlighted filing

2018

Assets$36,456,685
Liabilities$12,294
Net Assets$36,444,391
Open 2018 Filing

Operations Trend

Revenue Growth94th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $2,875,159Expenses 2011: $788,248Net Income 2011: $2,086,9112011Revenue 2012: $3,161,720Expenses 2012: $845,690Net Income 2012: $2,316,0302012Revenue 2013: $3,751,593Expenses 2013: $826,711Net Income 2013: $2,924,8822013Revenue 2014: $5,019,659Expenses 2014: $775,360Net Income 2014: $4,244,2992014Revenue 2015: -$535,197Expenses 2015: $867,485Net Income 2015: -$1,402,6822015Revenue 2016: $2,744,748Expenses 2016: $900,877Net Income 2016: $1,843,8712016Revenue 2017: $1,962,275Expenses 2017: $1,009,823Net Income 2017: $952,4522017Revenue 2018: $3,789,305Expenses 2018: $1,047,075Net Income 2018: $2,742,2302018Revenue 2019: $1,150,674Expenses 2019: $1,629,137Net Income 2019: -$478,4632019Revenue 2020: $2,792,544Expenses 2020: $1,547,491Net Income 2020: $1,245,0532020Revenue 2021: $6,317,720Expenses 2021: $1,912,876Net Income 2021: $4,404,8442021Revenue 2022: $9,299,403Expenses 2022: $2,710,625Net Income 2022: $6,588,7782022Revenue 2023: -$1,003,542Expenses 2023: $2,102,200Net Income 2023: -$3,105,7422023Revenue 2024: $5,309,684Expenses 2024: $2,411,302Net Income 2024: $2,898,3822024Revenue 2025: $4,198,912Expenses 2025: $2,464,893Net Income 2025: $1,734,0192025

Highlighted filing

2018

Revenue$3,789,305
Expenses$1,047,075
Net Income$2,742,230
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Nov 9, 2018
Return Version
2017v2.2
Gross Receipts
$6,020,646
Mission and Program Overview

Mission

ARDI stewards donated endowments to sustain future American air and space power, enhancing faculty quality and cadet education at the United States Air Force Academy.

Foster academic excellence at the air force academy

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$22,486,553$28,002,045▲ $5,515,492
Investments Other Securities$6,228,101$5,441,724▼ $786,377
Savings and Temporary Cash Investments$3,666,327$1,682,225▼ $1,984,102
Other Notes and Loans Receivable, Net$1,317,500$1,317,500→ $0
Prepaid Expenses and Deferred Charges$7,500$8,799▲ $1,299
Accounts Receivable$4,392$4,392→ $0
Total Assets$33,710,373$36,456,685▲ $2,746,312
Liabilities
Other Liabilities$7,465$7,465→ $0
Accounts Payable and Accrued Expenses$747$4,829▲ $4,082
Total Liabilities$8,212$12,294▲ $4,082
Net Assets / Fund Balance
Permanently Rstr Net Assets$21,867,120$22,320,913▲ $453,793
Unrestricted Net Assets$9,322,202$11,156,991▲ $1,834,789
Temporarily Rstr Net Assets$2,512,839$2,966,487▲ $453,648
Total Net Assets Fund Balance$33,702,161$36,444,391▲ $2,742,230
Total Liabilities and Net Assets / Fund Balance$33,710,373$36,456,685▲ $2,746,312

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$64,246--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$21,867,120-▲ $453,793-$22,320,913
2016$21,583,642-▲ $283,478-$21,867,120
2015$21,274,796-▲ $308,846-$21,583,642
2014$20,519,368-▲ $755,428-$21,274,796
2013$20,083,447-▲ $435,921-$20,519,368
Compensation and Service Providers
Top Officer Pay7th percentile

Board Members and Trustees

NameTitle
Col Michael ErdleChairman
Dana MontgomeryVice President
Chris MillerDirector
Scott GeorgeDirector
Terry ErdleDirector
Tom LasordaDirector
Lorraine StickleSecretary
Mary WellsSecretary - Emeritus
Mathew RoesemannTreasurer
Wayne PedersenTreasurer - Emeritus

Highest Paid Contractors

ContractorServicesLocationCompensation
Sci Aerospace INCLecturer1011 OLD NORTH GATE ROAD, Colorado Springs, CO 80921$137,100
Paul MacdonaldLecturer2793 CROOKED VINE COURT, Colorado Springs, CO 80921$126,270
Peregrine Consulting INCLecturer2754 STRATTON FOREST HEIGHTS, Colorado Springs, CO 80906$126,270
Jhp Enterprises LLCLecturer1255 SCARSBROOK COURT, Monument, CO 80132$126,065
Sally BaronLecturer15255 BOVARY COURT, Colorado Springs, CO 80921$126,065
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$749,772
Other Revenue
$3,039,533
Change in Net Assets
$2,742,230

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,789,305
Total Revenue per Audited Statements
$3,789,305
Total Revenue per Form 990
$3,789,305
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,047,075
Total Fundraising Expense$125,546
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees--$98,837$98,837
Advertising--$19,430$19,430
Other Expenses$8,342$7,500-$15,842
All Other Expenses$2,168-$6,919$9,087
Fees for Services Accounting-$6,300-$6,300
Travel--$360$360
Office Expenses-$1-$1
Total Functional Expenses$907,728$13,801$125,546$1,047,075

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,047,075
Total Expenses per Audited Statements$1,047,075
Total Expenses per Form 990$1,047,075
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Summer Learning Camp$7,465
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

“Col Michael Erdle, Chairman and President is the brother of Terry J. Erdle Director and Board Member”

Form 990 governing body review Part VI line 11

“The Organization provides for a review of the 990 by members of the board prior to filing.”

Governing documents etc available to public Part VI line 19

“The Organization makes available forms 990 and 1023 available to the general public by request only.”

Filing and Contact Details

Filer

Filer Name
Academy Research & Development Institute
EIN
74-2378230
Address
720 Walsen Road, Colorado Springs, CO 80921

Signing Officer

Name
Col Michael Erdle
Title
Chairman
Phone
7195991370
Signed
2018-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Col Michael Erdle
Formed
1984
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Robert L Davis CPA PC
Address
3130 Orion Drive Suite 100, Colorado Springs, CO 80906
Preparer
Robert L Davis CPA
Phone
7194737754
Raw XML AppendixShowing 400 of 489 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgSrvcAccomActy3Grp/Desc0ANDERS CHAIR IN ECONOMICS OF THE INDUSTRIAL BASE-PROVIDES DISTINGUISHED VISITING PROFESSOR FORTEACHING AND RESEARCH IN AFA DEPT. OF ECONOMICS ANDGEOGRAPHY.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0ARDI CHAIR IN ARABIC LANGUAGE AND CULTURE-PROVIDES DISTINGUISHED VISITING PROFESSOR TO TEACH AND DEVELOP ARABIC LANGUAGE AND CULTURAL STUDIES CURRICULUM FOR CADETS IN THE AFA DEPT OF FOREIGN LANGUAGES
IRS990/ProgSrvcAccomActyOtherGrp/Desc1COORS CHAIR IN EDUCATION TECHNOLOGY-PROVIDESDISTINGUISHED VISITING PROFESSOR FOR TEACHING ANDRESEARCH IN AFA DEPARTMENTS OF ASTRONAUTICS ANDMANAGEMENT.
IRS990/ProgSrvcAccomActyOtherGrp/Desc2LYON CHAIR IN PROFESSIONAL ETHICS-FUNDS ALICE P.MCDERMOTT LECTURE, PROVIDES DISTINGUISHED VISITINGPROFESSOR FOR TEACHING AND RESEARCH IN AFA DEPT. OFPHILOSOPHY.
IRS990/ProgSrvcAccomActyOtherGrp/Desc3COLEMAN-RICHARDSON CHAIR IN COMPUTER SCIENCE-PROVIDES DISTINGUISHED VISITING PROFESSOR FOR TEACHING AND RESEARCH IN THE AFA DEPT OF COMPUTER SCIENCES.
IRS990/ProgSrvcAccomActyOtherGrp/Desc4MCDERMOTT CHAIR IN ACADEMIC EXELLENCE-FUNDS AFAFACULTY DEVELOPMENT, CADET RESEARCH AND TRAVEL,MULTIMEDIA AND WRITING TUTORS IN CADET LIBRARY,FACULTY ORIENTATION FOR NEW MEMBERS, IMPROVE LIBRARYRESOURCES.
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IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt1118466
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt2108379
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt3100000
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IRS990ScheduleC/MailingsMembersInd0false
IRS990ScheduleC/MediaAdvertisementsInd0false
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IRS990ScheduleC/PaidStaffOrManagementInd0false
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IRS990ScheduleC/RalliesDemonstrationsInd0false
IRS990ScheduleC/VolunteersInd0false
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt21036251
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0Westfield Development Partners VII
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Colorado Springs MOB Investors LLC
IRS990ScheduleD/OtherSecuritiesGrp/Desc2Medical Land Partners
IRS990ScheduleD/OtherSecuritiesGrp/Desc3Woodmen and Tutt Development Inc
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WAYNE PEDERSEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1MARY WELLS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0TREASURER - EMERITUS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1SECRETARY - EMERITUS
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Col Michael Erdle, Chairman and President is the brother of Terry J. Erdle Director and Board Member
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization provides for a review of the 990 by members of the board prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organization makes available forms 990 and 1023 available to the general public by request only.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$36,456,685
Liabilities
$12,294
Net assets
$36,444,391
Revenue
$3,789,305
Expenses
$1,047,075
Net income
$2,742,230
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$56.5$0.03$56.4$4.20$2.46$1.73
2024Detailed filing. Detailed filing data is available for this year.$50.7$0.02$50.6$5.31$2.41$2.90
2023Detailed filing. Detailed filing data is available for this year.$44.2$0.02$44.2$1.00$2.10$3.11
2022Detailed filing. Detailed filing data is available for this year.$40.3$0.76$39.5$9.30$2.71$6.59
2021Detailed filing. Detailed filing data is available for this year.$44.9$0.00$44.9$6.32$1.91$4.40
2020Summary only. Only limited summary data is available for this year.$32.7$0.00$32.7$2.79$1.55$1.25
2019Summary only. Only limited summary data is available for this year.$35.7$0.01$35.6$1.15$1.63$0.48
2018Detailed filing. Detailed filing data is available for this year.$36.5$0.01$36.4$3.79$1.05$2.74
2017Detailed filing. Detailed filing data is available for this year.$33.7$0.01$33.7$1.96$1.01$0.95
2016Summary only. Only limited summary data is available for this year.$32.8$0.01$32.7$2.74$0.90$1.84
2015Summary only. Only limited summary data is available for this year.$31.0$0.08$30.9$0.54$0.87$1.40
2014Summary only. Only limited summary data is available for this year.$32.4$0.07$32.3$5.02$0.78$4.24
2013Summary only. Only limited summary data is available for this year.$28.1$0.07$28.1$3.75$0.83$2.92
2012Summary only. Only limited summary data is available for this year.$25.2$0.07$25.1$3.16$0.85$2.32
2011Summary only. Only limited summary data is available for this year.$22.9$0.07$22.8$2.88$0.79$2.09