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Nonprofit · EIN 20-5892956

FOUNDATION FOR THE ADVANCEMENT OFRESEARCH IN FINANCIAL ECONOMICS

Tax-exempt · PITTSBURGH, PA 15217

Financials

$83K$95K2023$41K$9K2024
Revenue Expenses · by fiscal year end
Financials of FOUNDATION FOR THE ADVANCEMENT OFRESEARCH IN FINANCIAL ECONOMICS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$41,259$8,828$32,431$658,307$163$658,144
December 31, 2023990-PF$83,430$94,886-$11,456$761,088$163$760,925
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Dividends
$16,492
Interest
$5
Net gain from sales of assets
$24,762

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Excise tax on investment income
$451

Balance sheet and other

Total assets, start of year
$761,088
Total assets, end of year
$658,307
Total liabilities, end of year
$163
Net assets, end of year
$658,144
Fair market value of assets
$887,166
Net investment income
$41,259

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
ADRIANO RAMPINI
DUKE UNIVERSITY 2138 CAMPUS DR, DURHAM, NC 27708
PRESIDENT1$0
ISIL EREL
OHIO STATE UNIVERSITY 281 W LANE, AVE, COLUMBUS, OH 43210
DIRECTOR0.25$0
CHESTER SPATT
CARNEGIE MELLON U- TEPPER QUAD 4765, FORBES AVE, PITTSBURGH, PA 15213
TREASURER1$0
STAVROS PANAGEAS
UCLA110 WESTWOOD PLAZA, LOS ANGELES, CA 90024
SECRETARY1$0
DIMITRIS PAPANIKOLAOU
KELLOGG GRADUATE SCHOOL OF, MANAGEMENT NORTHWESTERN UNIVERSITY, EVANSON, IL 60208
DIRECTOR0.25$0
NIKOLAI ROUSSANOV
UNIVERSITY OF PENNSYLVANIA, PHILADELPHIA, PA 19104
DIRECTOR0.25$0
990-PF for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
ADRIANO RAMPINI
DUKE UNIVERSITY 2138 CAMPUS DR, DURHAM, NC 27708
PRESIDENT1$0
ISIL EREL
OHIO STATE UNIVERSITY 281 W LANE, AVE, COLUMBUS, OH 43210
DIRECTOR0.25$0
CHESTER SPATT
CARNEGIE MELLON U- TEPPER QUAD 4765, FORBES AVE, PITTSBURGH, PA 15213
TREASURER1$0
STAVROS PANAGEAS
UCLA110 WESTWOOD PLAZA, LOS ANGELES, CA 90024
SECRETARY1$0
LEONID KOGAN
MIT 77 MASSACHUSETTS AVE, CAMBRIDGE, MA 02139
DIRECTOR0.25$0
NIKOLAI ROUSSANOV
UNIVERSITY OF PENNSYLVANIA, PHILADELPHIA, PA 19104
DIRECTOR0.25$0

Address and contacts

Address (IRS master file)
1714 BEECHWOOD BLVD, PITTSBURGH, PA 15217-1714
In care of
% JONATHAN BERK
Signed the 990-PF
CHESTER SPATT, TREASURER
Phone
(412) 268-8834
Return prepared by
LOUIS PLUNG & COMPANY LLP

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
20-5892956
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
2007
Accounting year ends
December
Files
Form 990-PF
Category (NTEE)
Education (B82)
Assets (IRS master file)
$658,307
Income (IRS master file)
$85,341

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$41,259$8,828$658,307XML
990-PFDecember 2023$83,430$94,886$761,088XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––IRS
990-PFDecember 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5892956).

Questions about FOUNDATION FOR THE ADVANCEMENT OFRESEARCH IN FINANCIAL ECONOMICS

What is the EIN of FOUNDATION FOR THE ADVANCEMENT OFRESEARCH IN FINANCIAL ECONOMICS?
The employer identification number (EIN) of FOUNDATION FOR THE ADVANCEMENT OFRESEARCH IN FINANCIAL ECONOMICS is 20-5892956.
Is FOUNDATION FOR THE ADVANCEMENT OFRESEARCH IN FINANCIAL ECONOMICS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
Are donations to FOUNDATION FOR THE ADVANCEMENT OFRESEARCH IN FINANCIAL ECONOMICS tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does FOUNDATION FOR THE ADVANCEMENT OFRESEARCH IN FINANCIAL ECONOMICS file?
Form 990-PF. Private foundations file every year.
When is the next return of FOUNDATION FOR THE ADVANCEMENT OFRESEARCH IN FINANCIAL ECONOMICS due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FOUNDATION FOR THE ADVANCEMENT OFRESEARCH IN FINANCIAL ECONOMICS last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of FOUNDATION FOR THE ADVANCEMENT OFRESEARCH IN FINANCIAL ECONOMICS?
The 990-PF for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does FOUNDATION FOR THE ADVANCEMENT OFRESEARCH IN FINANCIAL ECONOMICS have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $41,259, expenses of $8,828 and total assets of $658,307 at year end.

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