Civic Intelligence

Anthem Foundation for Objectivist Scholarship

990 • Fiscal year 2017 • EIN 91-2145352

Oct 01, 2016 to Sep 30, 2017 • Filed on Aug 15, 2018

Organization Profilewww.anthemfoundation.org
6 Hutton Centre DriveSanta Ana, CA 92707

(949) 222-6550

Siviq Scores

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

Liabilities / Assets

88th percentile

0.40x

Higher debt load relative to assets than 88% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

90th percentile

0.32x

Higher debt load relative to revenue than 90% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

86th percentile

34%

Higher net margin than 86% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

99th percentile

$313,255

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 151.6% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

13th percentile

-34%

Faster asset growth than 13% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

18th percentile

-29%

Faster revenue growth than 18% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$165,281

Down $86,409 (-34%) from 2016

Net Assets

Up

$98,816

Up $71,120 (+257%) from 2016

Liabilities

Down

$66,465

Down $157,529 (-70%) from 2016

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin86th percentile

Revenue

Down

$206,616

Down $82,572 (-29%) from 2016

Expenses

Down

$135,496

Down $152,052 (-53%) from 2016

Net Income

Up

$71,120

Up $69,480 (+4237%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$600K$400K$200K$0Assets 2011: $229,227Liabilities 2011: $181,272Net Assets 2011: $47,9552011Assets 2012: $194,266Liabilities 2012: $90,183Net Assets 2012: $104,0832012Assets 2013: $211,312Liabilities 2013: $105,726Net Assets 2013: $105,5862013Assets 2014: $215,907Liabilities 2014: $146,374Net Assets 2014: $69,5332014Assets 2015: $282,427Liabilities 2015: $256,371Net Assets 2015: $26,0562015Assets 2016: $251,690Liabilities 2016: $223,994Net Assets 2016: $27,6962016Assets 2017: $165,281Liabilities 2017: $66,465Net Assets 2017: $98,8162017Assets 2018: $212,986Liabilities 2018: $68,6822018Assets 2019: $257,522Liabilities 2019: $1,297Net Assets 2019: $256,2252019Assets 2020: $367,435Liabilities 2020: $7,497Net Assets 2020: $359,9382020Assets 2021: $400,972Liabilities 2021: $4,158Net Assets 2021: $396,8142021Assets 2022: $523,976Liabilities 2022: $5,915Net Assets 2022: $518,0612022Assets 2023: $564,269Liabilities 2023: $0Net Assets 2023: $564,2692023Assets 2025: $56,074Liabilities 2025: $0Net Assets 2025: $56,0742025

Highlighted filing

2017

Assets$165,281
Liabilities$66,465
Net Assets$98,816
Open 2017 Filing

Operations Trend

Revenue Growth18th percentile

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

$1.0M$500K$0-$500K-$1.0MRevenue 2011: $399,958Expenses 2011: $214,398Net Income 2011: $185,5602011Expenses 2012: $281,6522012Expenses 2013: $321,6472013Revenue 2014: $186,515Expenses 2014: $222,568Net Income 2014: -$36,0532014Revenue 2015: $353,085Expenses 2015: $396,562Net Income 2015: -$43,4772015Revenue 2016: $289,188Expenses 2016: $287,548Net Income 2016: $1,6402016Revenue 2017: $206,616Expenses 2017: $135,496Net Income 2017: $71,1202017Revenue 2018: $181,271Expenses 2018: $135,783Net Income 2018: $45,4882018Revenue 2019: $158,733Expenses 2019: $46,812Net Income 2019: $111,9212019Revenue 2020: $202,197Expenses 2020: $98,484Net Income 2020: $103,7132020Revenue 2021: $179,325Expenses 2021: $144,577Net Income 2021: $34,7482021Revenue 2022: $248,485Expenses 2022: $127,751Net Income 2022: $120,7342022Revenue 2023: $234,452Expenses 2023: $188,238Net Income 2023: $46,2142023Revenue 2025: $78,677Expenses 2025: $638,782Net Income 2025: -$560,1052025

Highlighted filing

2017

Revenue$206,616
Expenses$135,496
Net Income$71,120
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Aug 15, 2018
Return Version
2016v3.0
Gross Receipts
$206,616
Mission and Program Overview

Mission

The foundation provides grants for the benefit of academic professionals engaged in serious, scholarly work based on the philosophy and writings of ayn rand, and provides resources to others in academia interested in understanding her ideas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$9,940$13,078▲ $3,138
Pledges and Grants Receivable$42,750$10,743▼ $32,007
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$251,690$165,281▼ $86,409
Other Assets Total$199,000$141,460▼ $57,540
Liabilities
Grants Payable$217,471$65,910▼ $151,561
Accounts Payable and Accrued Expenses$6,523$555▼ $5,968
Total Liabilities$223,994$66,465▼ $157,529
Net Assets / Fund Balance
Unrestricted Net Assets$27,696$98,816▲ $71,120
Total Net Assets Fund Balance$27,696$98,816▲ $71,120
Total Liabilities and Net Assets / Fund Balance$251,690$165,281▼ $86,409

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$141,460--
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Jeff ScialabbaTreas/SecrPT$72,659$72,659

Board Members and Trustees

NameTitle
Tal TsfanyPresident & CEO
Yaron BrookPresident & CEO
Edwin LockeDirector
Robert MayhewDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$204,137
Program Service Revenue
$0
Investment Income
$2,479
Other Revenue
$0
All Other Contributions
$204,137
Change in Net Assets
$71,120

Audited Revenue Reconciliation

Revenue per Audited Statements
$206,616
Total Revenue per Audited Statements
$206,616
Total Revenue per Form 990
$206,616
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$81,623
Other Expenses$53,873
Total Fundraising Expense$1,268
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$81,623--$81,623
Fees for Services Accounting-$7,250-$7,250
Other Expenses$8$175$595$603
Occupancy$450$25$25$500
Information Technology-$182-$182
All Other Expenses$85--$85
Total Functional Expenses$125,080$9,148$1,268$135,496

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$135,496
Total Expenses per Audited Statements$135,496
Total Expenses per Form 990$135,496
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Duke UniversityDurham, NC-study of objectivism$61,873
Southwestern Law SchoolLos Angeles, CA-study of objectivism$10,000
Rutgers The State UniversityPiscataway, NJ-study of objectivism$9,750
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Board of directors reviews a draft of the return.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Board of directors monitors compliance.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The organization makes the governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Anthem Foundation for
EIN
91-2145352
Phone
9492226550
Address
6 Hutton Centre Drive, Santa Ana, CA 92707

Signing Officer

Name
Tal Tsfany
Title
President & CEO
Signed
2018-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Yaron Brook
Formed
2001
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
3

Preparer

Firm
White Nelson Diehl Evans LLP
Address
2875 Michelle Drive Suite 300, Irvine, CA 92606
Preparer
Michael R Ludin CPA
Phone
7149781300
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The specific purpose of this corporation is to support and operate for the exclusive benefit of the Ayn Rand Institute and one or more colleges or universities described in section 509(a)(1) of the Internal Revenue Code of 1986.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section A, Line 1: Description Of How Supported Organizations Are Desigated
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt04
IRS990ScheduleA/SupportedOrganizationsTotalCnt04
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0566001393
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1222570926
IRS990ScheduleA/SupportedOrgInformationGrp/EIN2226001086
IRS990ScheduleA/SupportedOrgInformationGrp/EIN3560532129
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0false
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd1false
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd2false
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd3false
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd18
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd22
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd32
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt20
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt30
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt010000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt29750
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt361873
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Southwestern Law School
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1The Ayn Rand Institute
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2Rutgers The State University
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt3Duke University
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt081623
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0135496
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0141460
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Note Receivable From Affiliate
IRS990ScheduleD/RevenueSubtotalAmt0206616
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0141460
IRS990ScheduleD/TotalExpensesPerForm990Amt0135496
IRS990ScheduleD/TotalRevenuePerForm990Amt0206616
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0206616
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0135496
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt061873
IRS990ScheduleI/RecipientTable/CashGrantAmt19750
IRS990ScheduleI/RecipientTable/CashGrantAmt210000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc1n/a
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc2N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0study of objectivism
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1study of objectivism
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2study of objectivism
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Duke University
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Rutgers The State University
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Southwestern Law School
IRS990ScheduleI/RecipientTable/RecipientEIN0560532129
IRS990ScheduleI/RecipientTable/RecipientEIN1226001086
IRS990ScheduleI/RecipientTable/RecipientEIN2951246140
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO Box 104132
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt165 Davidson Road
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt23050 Wilshire Blvd
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Durham
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Piscataway
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Los Angeles
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NJ
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd027708
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd108854
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd290010
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1FMV
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc2FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Schedule I, Part I, Line 2: The foundation receives regular reports from grant and gift recipients with regards to the activities carried out. The foundation remains in contact with the receiving universities throughout the term of the gift.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt03
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0285910
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt03000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt024345
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Yaron Brook
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0313255
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0true
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board of directors reviews a draft of the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board of directors monitors compliance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization makes the governing documents and financial statements available to the public upon request.

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$165,281
Liabilities
$66,465
Net assets
$98,816
Revenue
$206,616
Expenses
$135,496
Net income
$71,120
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.00$0.56$0.79$6.39$5.60
2023Summary only. Only limited summary data is available for this year.$5.64$0.00$5.64$2.34$1.88$0.46
2022Summary only. Only limited summary data is available for this year.$5.24$0.06$5.18$2.48$1.28$1.21
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.01$0.04$3.97$1.79$1.45$0.35
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.67$0.07$3.60$2.02$0.98$1.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.58$0.01$2.56$1.59$0.47$1.12
2018Summary only. Only limited summary data is available for this year.$2.13$0.69$1.81$1.36$0.45
2017Detailed filing. Detailed filing data is available for this year.$1.65$0.66$0.99$2.07$1.35$0.71
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.52$2.24$0.28$2.89$2.88$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.82$2.56$0.26$3.53$3.97$0.43
2014Detailed filing. Detailed filing data is available for this year.$2.16$1.46$0.70$1.87$2.23$0.36
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$1.06$1.06$3.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$0.90$1.04$2.82
2011Summary only. Only limited summary data is available for this year.$2.29$1.81$0.48$4.00$2.14$1.86