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Nonprofit · EIN 74-2378230

THE ACADEMY RESEARCH AND DEVELOPMENT INSTITUTE

Tax-exempt · COLORADO SPGS, CO 80921

Financials

$5.3M$2.4M2023$4.2M$2.5M2024
Revenue Expenses · by fiscal year end
Financials of THE ACADEMY RESEARCH AND DEVELOPMENT INSTITUTE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$4,198,912$2,464,893$1,734,019$56,457,172$31,080$56,426,092
June 30, 2024990$5,309,684$2,411,302$2,898,382$50,657,188$20,462$50,636,726
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$808,568
Program service revenue
$0
Investment income
$3,327,946
Net gain from sales of assets
$2,567,363
Other revenue
$62,398

Expenses

Grants and similar amounts paid
$20,433
Compensation of officers, directors and key employees
$272,625
Other salaries and wages
$81,436
Salaries, compensation and benefits (total)
$399,315
Professional fundraising fees
$0
Legal fees
$315
Accounting fees
$57,663
Travel
$63,060
Program services (functional)
$2,207,728
Management and general (functional)
$195,672
Fundraising (functional)
$61,493

Balance sheet and other

Total assets, start of year
$50,657,188
Total assets, end of year
$56,457,172
Total liabilities, end of year
$31,080
Net assets, end of year
$56,426,092
Land, buildings and equipment
$76,195
Publicly traded securities
$54,987,495
Net assets without donor restrictions
$17,539,500
Net assets with donor restrictions
$38,886,592
Gross unrelated business income
$24,810
Gross receipts
$4,198,912
Employees
3
Volunteers
0
Year formed
1984
State of legal domicile
CO

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 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
Michael ErdleChairman
Trustee or director, Officer
5$0$198,000$57,985
Dana MontgomeryCOO
Trustee or director, Officer
40$145,500$0$30,921
Terry ErdleTreasurer
Trustee or director, Officer
3$0$60,000$0
Christopher D MillerCEO
Trustee or director, Officer
20$0$0$0
Bob EdmondsBoard Member
Trustee or director
5$0$0$0
Rick PyattBoard Member
Trustee or director
5$0$0$0
Jack CattonBoard Member
Trustee or director
5$0$0$0
990 for the year ended June 30, 2024: 7 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
MICHAEL ERDLECHAIRMAN, CEO
Trustee or director, Officer
20$0$198,000$52,863
DANA MONTGOMERYVICE PRESIDENT, DIRECTOR
Trustee or director, Officer
40$132,200$0$32,018
TERRY ERDLETREASURER, DIRECTOR
Trustee or director, Officer
5$0$82,300$0
JACK CATTONDIRECTOR
Trustee or director
5$0$0$0
BOB EDMONDSDIRECTOR
Trustee or director
5$0$0$0
CHRIS MILLERDIRECTOR
Trustee or director
5$0$0$0
RICK PYATTDIRECTOR
Trustee or director
5$0$0$0

Address and contacts

Address (IRS master file)
720 WALSEN RD, COLORADO SPGS, CO 80921-2718
In care of
% MICHAEL ERDLE
Principal officer (990 for 2024)
Christopher D Miller, 1490 Garden of the Gods Rd, Colorado Springs, CO 80907
Signed the 990
Christopher D Miller, CEO
Phone
(719) 599-1370
Return prepared by
BiggsKofford Advisors LLC

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.

990 for the year ended June 30, 2025

Program accomplishments

  • 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.
    Expenses $2,207,728 · grants $20,433

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
74-2378230
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Organization supporting a government college or university
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1986
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$56,457,172
Income (IRS master file)
$4,198,912

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$4,198,912$2,464,893$56,457,172XML
990-TJune 2025–––IRS
990June 2024$5,309,684$2,411,302$50,657,188IRS
990-TJune 2024–––IRS
990June 2023-$1,003,542$2,102,200$44,203,625IRS
990-TJune 2023–––IRS
990June 2022$9,299,403$2,710,625$40,306,897IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS
990August 2018–––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 74-2378230).

Questions about THE ACADEMY RESEARCH AND DEVELOPMENT INSTITUTE

What is the EIN of THE ACADEMY RESEARCH AND DEVELOPMENT INSTITUTE?
The employer identification number (EIN) of THE ACADEMY RESEARCH AND DEVELOPMENT INSTITUTE is 74-2378230.
Is THE ACADEMY RESEARCH AND DEVELOPMENT INSTITUTE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
Are donations to THE ACADEMY RESEARCH AND DEVELOPMENT INSTITUTE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE ACADEMY RESEARCH AND DEVELOPMENT INSTITUTE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of THE ACADEMY RESEARCH AND DEVELOPMENT INSTITUTE due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE ACADEMY RESEARCH AND DEVELOPMENT INSTITUTE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of THE ACADEMY RESEARCH AND DEVELOPMENT INSTITUTE?
The 990 for the year ended June 30, 2025 names Christopher D Miller.
Who are the officers and directors of THE ACADEMY RESEARCH AND DEVELOPMENT INSTITUTE?
The 990 for the year ended June 30, 2025 lists 7 people; 1 received compensation from the organization.
How much revenue does THE ACADEMY RESEARCH AND DEVELOPMENT INSTITUTE have?
On its 990 for the year ended June 30, 2025 it reported revenue of $4,198,912, expenses of $2,464,893 and total assets of $56,457,172 at year end.

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