2026-02-27T14:26:17-06:00 2025-06-30 393628550 BiggsKofford Advisors LLC 1975 Research Pkwy Suite 255 Colorado Springs CO 80920 990 2024-07-01 742378230 Academy Research and Development Institute ACAD 7195991370 1490 Garden of the Gods Rd Colorado Springs CO 80907 Christopher D Miller CEO 7195991370 2026-02-16 1 1 Tyler Atkins CPA P01818337 7195799090 2026-02-10 2024 2025-03-06 01:10:19Z X ARDI Christopher D Miller 1490 Garden of the Gods Rd Colorado Springs CO 80907 4198912 0 X ardifoundation.org X 1984 CO ARDI endows excellence in AF Academy cadet education, sustaining future US air and space power. 7 3 3 0 24810 3962 788889 808568 0 0 4756223 3327946 -235428 62398 5309684 4198912 0 20433 0 0 480118 399315 0 0 61493 1931184 2045145 2411302 2464893 2898382 1734019 50657188 56457172 20462 31080 50636726 56426092 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. 0 0 2207728 20433 ARDI's primary program service fostered excellence at the United States Air Force Academy (USAFA) by supporting distinctive academic programs, directed by Academy leadership, that enhance the faculty and cadet experience with quality and activities above and beyond what US Government resources provide. ARDI's weight of effort funded Endowed Professor chairs in selected disciplines, including astronautics, aeronautics, computer and cyber sciences, economics, foreign languages and cultures, political science, philosophy and ethics, and others. In addition, ARDI supported Academy cadet research and other educational activities that provide breadth and depth beyond the baseline Academy experience to motivate, inspire, and better prepare Academy graduates to serve and lead in the Air Force and Space Force. 2207728 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 10 0 1 3 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 7 3 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X The Organization 7195991370 1490 Garden of the Gods Rd Colorado Springs CO 80907 Christopher D Miller CEO 20.00 0.00 X X 0 0 0 Dana Montgomery COO 40.00 0.00 X X 145500 0 30921 Michael Erdle Chairman 5.00 40.00 X X 0 198000 57985 Terry Erdle Treasurer 3.00 3.00 X X 0 60000 0 Bob Edmonds Board Member 5.00 0.00 X 0 0 0 Rick Pyatt Board Member 5.00 0.00 X 0 0 0 Jack Catton Board Member 5.00 0.00 X 0 0 0 145500 258000 88906 1 0 1 0 RokkeSimon Chair 720 Walsen Rd Colorado Springs CO 809212718 Professor 222510 Mr William T Coleman III and Dr Wil 720 Walsen Rd Colorado Springs CO 809212718 Professor 154158 Holland H Coors Chair in Education 720 Walsen Rd Colorado Springs CO 809212718 Professor 152498 Lyon Chair 720 Walsen Rd Colorado Springs CO 809212718 Professor 147500 ARDI Chair in Arabic Studies 720 Walsen Rd Colorado Springs CO 809212718 Professor 147500 6 535500 273068 25000 808568 760583 760583 2567363 0 2567363 2567363 2567363 Partnership income 523000 62398 24810 37588 62398 4198912 0 24810 3365534 X 20433 20433 272625 182910 70193 19522 81436 56714 18421 6301 4790 2665 1906 219 17119 9525 6812 782 23345 16172 5386 1787 315 74 241 57663 13522 44141 244362 244362 1567457 1560711 6746 4419 4419 27421 7160 13455 6806 63060 20506 20897 21657 4474 4474 7474 7474 Cadet and faculty enric 68500 68500 2464893 2207728 195672 61493 23320 218197 1360610 850683 34839 31472 18133 18438 76195 0 0 76195 48875864 54987495 344422 274692 50657188 56457172 20462 31080 20462 31080 X 12536948 17539500 38099778 38886592 50636726 56426092 50657188 56457172 1734019 4055347 0 X X 0 1 X 1 0 X 239521 350000 297196 788889 808568 2484174 239521 350000 297196 788889 808568 2484174 2484174 629679 718664 841404 900177 760583 3850507 75988 4110250 24810 4211048 37588 37588 10583317 0.23470 0.19180 X Part II, Section C, Line 17a, Facts and Circumstances Test: the Organization supports the Air Force Academy. The Organization is above 10% public support, and more than 10% of support comes from a supporting organization. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40698558 4320092 2854866 42163784 38857546 3571883 1730871 40698558 40913978 -1452877 603555 38857546 25280790 15633188 40913978 23568474 1712316 25280790 0.90000 0.08000 0.02000 0 0 76195 76195 76195 X 8131080 4055347 121183 4176530 3954550 244362 244362 4198912 2341714 121183 121183 2220531 244362 244362 2464893 Part V, Line 4: The Organization maintains various endowment funds established to support each USAFA academic department, supporting whomever the dean of faculty nominates to occupy. Part X, Line 2: The Organization evaluates the effect of uncertain tax positions, if any, and provides for those positions in accordance with the provisions of FASB ASC Topic 450, Contingencies. No tax accrual for uncertain tax positions has been recorded as management believes there are no uncertain tax positions for the Organization. 1 United States Air Force Academy Foundation 2304 Cadet Dr Ste 3100 USAF Academy CO 808405002 260537053 501(c)(3) 17250 0 Program support 1 X 0 0 0 0 0 0 0 0 0 Michael Erdle Chairman 0 198000 0 0 0 0 0 49500 0 8485 0 255985 0 0 Dana Montgomery COO 137500 0 8000 0 0 0 20232 0 10689 0 176421 0 0 0 Part I, Line 3: The Organization's chairman is compensated by International Education Foundation, a supporting organization of ARDI. See Schedule O response for Form 990, Part VI, Section B, Line 15a. X 1 25000 FM trade-in value 0 0 0 Form 990, Part VI, Section A, line 2 Board members Michael Erdle and Terry Erdle have a family relationship. Form 990, Part VI, Section B, line 11b Form 990 is reviewed by management and the board of directors prior to filing. Form 990, Part VI, Section B, line 12c The governing body is required to review and sign an annual update to the conflict of interest policy affirming that each director has received, read, understands, and agrees to comply with the policy. On an ongoing basis, interested persons have a duty to disclose any actual or possible conflict of interest with respect to any proposed transaction or arrangement. The minutes of the governing board shall contain a record of proceedings with respect to any actual or possible conflicts of interests. Form 990, Part VI, Section B, line 15 The CEO is compensated by international education foundation (INEF), a supporting organization of ARDI (see Schedule R). The INEF board reviews and approves compensation annually. Compensation for all other officers is paid by ARDI and reviewed by the board annually. A voting member of the governing board who receives compensation, directly or indirectly, from the organization for services is precluded from voting on matters pertaining to that member's compensation. In determining compensation, criteria such as the nature of the position, employee contribution and sustained level of performance, employee education, abilities, and drive, financial condition of the employer, and comparisons with similar organizations are considered. A new CEO was hired in 2025 that is an employee of ARDI. Form 990, Part VI, Section C, line 19 The Organization's governing documents are made available to the public upon request. Financial information is made available via form 990. Form 990, Part IX, line 11g Professors-USAFA: Program service expenses 1,558,644. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,558,644. Other professional fees: Program service expenses 2,067. Management and general expenses 6,746. Fundraising expenses 0. Total expenses 8,813. Form 990, Part XII, Line 2c: The Organization has a committee that assumes responsibility for selection of the independent accountant and oversight of the annual financial statement audit. This process has not changed from prior years. International Education Foundation Inc 1490 Garden of the Gods Rd Ste A Colorado Springs CO 80907 841046083 Education CO 501(C)(3) Line 12d, III-O 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 International Education Foundation Inc C 656681 Amount received