2024-04-10T15:48:28-05:00 2023-09-30 473535842 DAVIS FARR LLP 18201 VON KARMAN AVE SUITE 1100 IRVINE CA 92612 990 2022-10-01 222570926 THE AYN RAND INSTITUTE THE CENTER FOR THE ADVANCEMENT OF OBJECTIVISM AYNR 9492226550 6 HUTTON CENTRE DRIVE 600 SANTA ANA CA 92707 TAL TSFANY PRESIDENT & CEO 9492226550 2024-04-10 1 TAL TSFANY 999009999 1 TRITIA FOSTER P02164134 9494742020 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TAL TSFANY 6 HUTTON CENTRE DRIVE 600 SANTA ANA CA 92707 16307156 0 X WWW.AYNRAND.ORG X 1984 CA UNDERSTANDING OF AYN RAND'S WORKS AND TO FIND AND TRAIN THE NEW INTELLECTUALS TO TEACH HER PHILOSOPHY OF OBJECTIVISM. 10 6 48 8 0 0 17283939 14527711 590224 604231 35 111913 660915 237323 18535113 15481178 585082 618020 0 0 5122986 5227422 0 0 534474 4590627 4871149 10298695 10716591 8236418 4764587 27956120 31368502 6398742 4373998 21557378 26994504 X TO FOSTER A GROWING AWARENESS, UNDERSTANDING AND ACCEPTANCE OF AYN RAND'S REVOLUTIONARY PHILOSOPHY, OBJECTIVISM, IN ORDER TO CREATE A CULTURE WHOSE GUIDING PRINCIPLES ARE REASON, RATIONAL SELF-INTEREST, AND LAISSEZ-FAIRE CAPITALISM, A CULTURE IN WHICH INDIVIDUALS ARE FREE TO PURSUE THEIR OWN HAPPINESS. 0 0 3564708 412532 411608 OUTREACH PROGRAMS: WE POSTED SCORES OF NEW VIDEOS TO OUR YOUTUBE CHANNEL, WHICH GREW TO OVER 94K SUBSCRIBERS IN FY2023. AMONG THE NEW VIDEOS WERE LECTURES, INTERVIEWS, AND PODCASTS ON TOPICS RANGING FROM HISTORY AND PHILOSOPHY TO CULTURAL ISSUES AND FOREIGN AFFAIRS. OUR CHANNEL VIEWS GREW SIGNIFICANTLY THIS FISCAL YEAR, WITH THE MIKE WALLACE INTERVIEW OF AYN RAND REACHING AN ALL-TIME TOTAL SURPASSING ONE MILLION VIEWS. TWO MAJOR CONFERENCES WERE HELD: ARC-EUROPE, WHICH WAS HELD IN APRIL 2023 IN ATHENS, GREECE, AND THE OBJECTIVIST CONFERENCE IN JULY 2023 IN MIAMI, FLORIDA, WHICH BROUGHT HUNDREDS OF ATTENDEES TOGETHER FROM ALL OVER THE WORLD. IN FY2023, ARI CONTINUED ITS GLOBAL OUTREACH EXPANSION IN EUROPE, LATIN AMERICA, ASIA, THE MIDDLE EAST, AND AUSTRALIA. ARI ALSO SENT SPEAKERS TO ADDRESS STUDENTS AND GENERAL AUDIENCES ALL OVER THE WORLD. 5287579 205488 180248 EDUCATIONAL PROGRAMS:IN FY2023, WE EXPANDED OUR FREE BOOKS PROGRAM SUBSTANTIALLY, REACHING CLASSROOMS ALL AROUND THE COUNTRY IN OUR BOOKS FOR TEACHERS PROGRAM. CRUCIALLY, WE HAVE ALSO FOUND AN EXCITING AMOUNT OF INTEREST FROM STUDENTS EAGER TO READ AYN RAND'S NOVELS ON THEIR OWN, RESULTING IN EXPONENTIAL GROWTH IN DEMAND FOR OUR FREE BOOKS FOR STUDENTS PROGRAM. ESSAY CONTESTS CONTINUED TO BE A GOOD MEANS OF INTRODUCING RAND TO NEW READERS, AND WE SAW RECORD PARTICIPATION IN OUR ATLAS SHRUGGED CONTEST. STUDENTS ALSO GAINED NEW OPPORTUNITIES TO MEET OUR EXPERT FACULTY THROUGH IN-PERSON CONFERENCES AND ONLINE EVENTS. THE AYN RAND UNIVERSITY, OUR ONLINE SCHOOL OF PHILOSOPHY WHOSE MISSION IS TO EDUCATE STUDENTS ABOUT OBJECTIVISM AND TO PROVIDE THEM WITH THE INTELLECTUAL, CAREER, AND LIFE GUIDANCE THEY NEED TO FLOURISH, CONTINUED TO ADMIT AND EDUCATE GROWING NUMBERS OF STUDENTS AND TO EXPAND ITS FACULTY AND TO DIVERSIFY ITS CURRICULUM. MANY STUDENTS WERE SUPPORTED BY SCHOLARSHIPS TO OFFSET SOME OR ALL OF THEIR TUITION. WE LAUNCHED, AND HAD STRONG PARTICIPATION IN, THE AYN RAND UNIVERSITY GRADUATE CENTER, WHICH IS AN ADVANCED TRAINING PROGRAM THAT OFFERS INSTRUCTION TO COMMITTED STUDENTS, AS WELL AS CAREER GUIDANCE, MENTORING, AND FINANCIAL ASSISTANCE. THIS CENTER IS DEDICATED TO HIGH-POTENTIAL INDIVIDUALS AIMING TOWARD AN INTELLECTUAL CAREER. NEW IDEAL, WHICH IS ARI'S OFFICIAL JOURNAL, PUBLISHED DOZENS OF ARTICLES AND PODCASTS IN FY2023, APPLYING OBJECTIVISM TO EXPLAIN MAJOR ISSUES IN THE CULTURE AND PROMOTING THE INSTITUTE'S OTHER WORK. THE PODCASTS ARE WEEKLY LIVESTREAMS ON SOCIAL MEDIA FEATURING OUR INTELLECTUAL TEAM AND JUNIOR FELLOWS, COMMENTING ON TOPICS OF RELEVANCE TO MODERN TIMES AND THE WORKS OF AYN RAND. SEVERAL NEW ARI CAMPUS COURSES WERE ADDED TO THE CATALOG OF ON-DEMAND CONTENT IN FY2023. ARI'S RECORDED COURSE VIDEOS RECEIVED THOUSANDS OF HOURS OF VIEWS ACROSS ALL PLATFORMS: WEBSITE, ARU MOBILE APP, AND YOUTUBE. 565167 12375 OTHER: THE AYN RAND ARCHIVES MADE FURTHER UPGRADES TO OUR FACILITIES TO ENHANCE THE PROTECTION OF ARI'S ARCHIVAL MATERIALS AND CONTINUED ITS DIGITIZATION EFFORTS. WE PRODUCED TWO EXHIBITS: A MAJOR ONLINE EXHIBIT, "BLUEPRINTS FOR THE FOUNTAINHEAD," FEATURING MORE THAN 200 ORIGINAL DOCUMENTS ALONG WITH COMMENTARY FROM OUR ARCHIVES TEAM, AND A PHYSICAL EXHIBIT AT OCON 2023 CELEBRATING THE 80TH PUBLICATION ANNIVERSARY OF THE FOUNTAINHEAD. WE MADE SIGNIFICANT UPDATES TO THREE COLLECTIONS, INCLUDING A REVISED SHELF INVENTORY, AND IMPLEMENTED A COLLECTION MANAGEMENT SYSTEM TO MANAGE OUR HOLDINGS. WE RECEIVED ACQUISITIONS THAT INCLUDED ITEMS, BOOKS, AND OTHER MATERIALS ORIGINALLY OWNED BY AYN RAND. THE ARI ESTORE (ESTORE.AYNRAND.ORG) CONTINUED TO SELL BOOKS AND RECORDINGS ON OBJECTIVISM AND RELATED TOPICS. IN FY2023, THE ESTORE SOLD HUNDREDS OF BOOKS, DIGITAL COURSES, AND LECTURES TO OUR CUSTOMERS. ARI HAS RECEIVED THE HIGHEST 4-STAR RATING WITH CHARITY NAVIGATOR, POSITIONING ARI AMONG THE MOST-TRUSTED NONPROFITS IN THE COUNTRY. 9417454 1 1 0 0 0 0 0 1 0 0 1 0 0 1 1 1 0 1 0 0 1 1 1 0 1 0 0 0 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 1 1 1 0 0 1 73 0 48 1 0 0 0 0 0 0 0 0 0 0 X 10 6 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 CA X X TAL TSFANY 9492226550 6 HUTTON CENTRE DRIVE SUITE 600 SANTA ANA CA 92707 JOHN ALLISON MEMBER 2.00 X 0 0 0 LARRY SALZMAN MEMBER 2.00 X 0 0 0 JIM BROWN MEMBER 2.00 X 0 0 0 ROBERT MAYHEW MEMBER 2.00 X 0 0 0 HARRY BINSWANGER MEMBER 2.00 X 0 0 0 TARA SMITH MEMBER 2.00 X 0 0 0 LOREN CORLE MEMBER 2.00 X 0 0 0 TAL TSFANY PRESIDENT & CEO, MEMBER 45.00 2.00 X X 615261 0 12574 ONKAR GHATE CHIEF PHIL. OFFICER 45.00 X X 220368 0 12316 YARON BROOK CHAIRMAN OF THE BOARD 5.00 2.00 X X 0 0 0 GERALDINE YUMPING CONTROLLER 45.00 2.00 X 4669 0 0 CARLA SILK CHIEF OPERATING OFFICER 45.00 X 234306 0 9863 JUDY LU CONTROLLER 45.00 X 121368 0 6672 KEITH LOCKITCH VP OF ED. & SR. FELLOW 45.00 X 159673 0 6013 ELAN JOURNO VP OF CONTENT & SR. FELLOW 45.00 X 172096 0 10263 ANU SEPPALA DIRECTOR CULTURAL OUTREACH 45.00 X 141220 0 13644 BENJAMIN BAYER DIRECTOR OF CONTENT 45.00 X 100982 0 10172 RACHAEL T TAAFFE DIRECTOR OF MARKETING 45.00 X 104892 0 8477 AARON FRIED DIRECTOR OF GROWTH AND TECHNOLOGY 45.00 X 107392 0 5940 JEFFREY P SCIALABBA DIRECTOR OF ARU OPERATIONS 45.00 2.00 X 102146 0 9821 2084373 0 105755 11 0 1 0 BREOC GRIFFIN LLC PO BOX 209259 AUSTIN TX 787209259 BUILDING LEASE 671783 BROOK MEDIA AND CONSULTING LLC 53 CALLE PALMERAS SAN JUAN PR 00901 SPEAKER ENGAGEMENTS 164487 CENTURY GROUP PROFESSIONALS LLC 222 PACIFIC COAST HIGHWAY SUITE 215 EL SEGUNDO CA 90245 RECRUITING AND TEMPORARY STAFFING SERVIC 151485 IDEATION MARKETING GROUP LLC 25731 SAXON WAY LAKE FOREST CA 92630 IT/WEBSITE & DIGITIZATION 134440 INTERCONTINENTAL HOTEL MIAMI 100 CHOPIN PLAZA MIAMI FL 33131 CONFERENCE/EVENT AND LODGING 102277 5 115090 14412621 286943 14527711 CONFERENCE 611710 411608 411608 TUITION INCOME 611710 179248 179248 BOOK 611710 12375 12375 PROFESSIONAL OUTREACH 611710 1000 1000 604231 111913 111913 12523 12523 192888 0 192888 192888 192888 776372 776372 0 0 115090 49606 -49606 -49606 MISCELLANEOUS INCOME 611710 81518 81518 81518 15481178 685749 0 267718 X 83760 83760 534260 534260 901084 543201 64345 293538 710036 702935 7101 2934959 2754529 152114 28316 69373 63973 1094 4306 290164 267487 4682 17995 321806 292466 6076 23264 147046 1437 144879 730 205941 174186 18370 13385 1664105 1432971 215747 15387 53678 53678 307942 280781 10622 16539 59416 48022 11176 218 19126 19126 85746 71492 8787 5467 321951 265144 38093 18714 693668 682430 9964 1274 31220 27172 1887 2161 484179 422020 29218 32941 46671 28186 3542 14943 BOOKS 591944 591296 648 OUTREACH 95933 68652 15894 11387 TAXES, LICENSES, FEES 49324 1407 14656 33261 COMPUTER HARDWARE & EQU 11288 4886 6402 1971 1957 14 10716591 9417454 764663 534474 804619 184947 6021254 6766911 275330 498177 320380 5000000 443805 281552 258636 178984 2345714 1092980 1902674 1252734 68307 70906 17958648 17036758 27956120 31368502 1533894 1044861 560922 437007 4303926 2892130 6398742 4373998 X 21234664 26973469 322714 21035 21557378 26994504 27956120 31368502 X 4764587 622932 49607 X X 0 1 X 1 0 X 6468953 8821512 16652850 17283939 14527711 63754965 6468953 8821512 16652850 17283939 14527711 63754965 19742128 44012837 244 12402 3217 184523 124436 324822 12680 12680 38538 4906 311939 476427 98273 930083 65022550 2358886 0.67690 0.74430 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: EMPLOYEE RETENTION CREDIT - 2019 AMOUNT: $ 4,906. 2020 AMOUNT: $ 311,939. 2021 AMOUNT: $ 476,427. 2022 AMOUNT: $ 98,273. GAIN / LOSS - 2018 AMOUNT: $ 31,157. ROYALTY INCOME - 2018 AMOUNT: $ 7,381. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 171567 77900 93667 75692 67138 8554 2098455 947942 1150513 1252734 457(B) PARTICIPANT INTEREST IN ACCOUNTS 556412 BENEFICIAL INTEREST IN INSURANCE 49185 DEPOSITS AND OTHER ASSETS 155656 ARI RESERVE FUND 11804288 POOLED INCOME BOND FUND 199928 CHARITY GIFT ANNUITY 104891 RESERVE TRUST NON-RESTRICTED 1084703 RESERVE TRUST RESTRICTED 81534 INVESTMENT IN DST 3000161 17036758 457(B) PARTICIPANT INTEREST 556412 GIFT ANNUITY OBLIGATION 1358741 REFUNDABLE DEPOSIT 16074 OPERATING LEASE LIABILITIES 960903 2892130 X PART III, LINE 1A: THE INSTITUTE HAS COLLECTIONS THAT ARE HOUSED IN THE AYN RAND ARCHIVES, A SPECIAL COLLECTION OF THE AYN RAND INSTITUTE, WHICH INCLUDE AYN RAND PAPERS AS WELL AS OTHER ARTIFACTS OF HISTORICAL SIGNIFICANCE AND WORKS OF ARTS. IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, THESE ITEMS ARE NOT CAPITALIZED ON THE FINANCIAL STATEMENTS. PART III, LINE 4: THE AYN RAND ARCHIVES CONSIST OF TWO MAJOR HOLDINGS: THE AYN RAND PAPERS AND THE SPECIAL COLLECTIONS. THE AYN RAND PAPERS COMPRISES THE PERSONAL PAPERS AND EFFECTS LEFT BY AYN RAND AT HER DEATH IN 1982. THIS COLLECTION INCLUDES MANUSCRIPTS, NOTES AND OUTLINES, BUSINESS AND PERSONAL CORRESPONDENCE, PHILOSOPHIC JOURNALS, RESEARCH FILES, MARGINALIA, CLIPPINGS, PHOTOGRAPHS, CALENDARS, ADDRESS BOOKS, PHONOGRAPH RECORDS, MEMORABILIA, AND RECORDED INTERVIEWS AND SPEECHES. ALSO INCLUDED IS MICROFILM OF THE AYN RAND PAPERS AT THE LIBRARY OF CONGRESS. THESE PAPERS ARE DRAFTS, TYPESCRIPTS AND GALLEYS OF HER NOVELLA, ANTHEM, AND HER THREE NOVELS, WE THE LIVING, THE FOUNTAINHEAD, AND ATLAS SHRUGGED, PLUS SOME ADMINISTRATIVE MATERIAL. THE SPECIAL COLLECTIONS IS AN ONGOING COLLECTION OF AYN RAND-RELATED MATERIAL ACQUIRED SINCE HER DEATH. IT INCLUDES RECORDINGS OF AYN RAND'S RADIO PROGRAMS, LECTURES AND INTERVIEWS, ORAL HISTORY INTERVIEWS, RUSSIAN ACADEMIC AND LEGAL DOCUMENTS, TRANSLATIONS OF HER WORK, BIOGRAPHICAL AND PHILOSOPHICAL ARTICLES ABOUT AYN RAND, REVIEWS AND PRESS MENTIONS, SCREENPLAYS, CORRESPONDENCE, OBJECTIVIST PERIODICALS, AND MATERIALS FROM OBJECTIVIST ORGANIZATIONS. THE MISSION OF THE AYN RAND ARCHIVES IS TO ACQUIRE, PRESERVE AND MAKE AVAILABLE AYN RAND'S REMAINING PAPERS AND RELATED DOCUMENTS TO SERIOUS SCHOLARS AND GENERAL WRITERS. BY ACQUIRING HOLDINGS, CONDUCTING RESEARCH AND PROVIDING ACCESS, THE ARCHIVES PRESERVES AND MAKES AVAILABLE THE PHYSICAL EVIDENCE OF AYN RAND'S ACHIEVEMENT AND INFLUENCE. PART X, LINE 2: ARI IS A PUBLIC CHARITY THAT HAS OBTAINED AN EXEMPTION FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND UNDER SIMILAR CODE SECTIONS FOR EACH STATE. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR FEDERAL OR STATE INCOME TAXES. THE INSTITUTE IS SUBJECT, HOWEVER, TO FEDERAL AND CALIFORNIA INCOME TAXES ON UNRELATED BUSINESS TAXABLE INCOME AS STIPULATED IN INTERNAL REVENUE CODE SECTION 511 AND REGULATION SECTION 1.511. THE INSTITUTE ANNUALLY EVALUATES TAX POSITIONS AS PART OF THE PREPARATION OF ITS EXEMPT TAX RETURN. THIS PROCESS INCLUDES AN ANALYSIS OF WHETHER TAX POSITIONS THE INSTITUTE TAKES WITH REGARD TO A PARTICULAR ITEM OF INCOME OR DEDUCTION WOULD MEET THE DEFINITION OF AN UNCERTAIN TAX POSITION UNDER CURRENT ACCOUNTING GUIDANCE. THE INSTITUTE BELIEVES THAT ITS TAX POSITIONS ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES. THE INSTITUTE'S POLICY IS TO RECOGNIZE INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. AT SEPTEMBER 30, 2023, THE INSTITUTE DID NOT HAVE ANY UNRECOGNIZED TAX BENEFITS. THE INSTITUTE IS NO LONGER SUBJECT TO US FEDERAL, STATE, OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR FISCAL YEARS ENDED BEFORE 2019. 1 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, ESSAY CONTEST PRIZES 100 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM ESSAY CONTEST PRIZES 5500 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA, FASO ESSAY CONTEST PRIZES 200 0 0 0 0 0 0 5800 0 5800 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, TO PROVIDE LOCAL OUTREACH THROUGH SPEAKING EVENTS, FREE BOOKS AND ESSAY CONTESTS, STUDENT CLUBS 213000 WIRE 0 SOUTH AMERICA TO PROVIDE LOCAL OUTREACH THROUGH SPEAKING EVENTS, FREE BOOKS AND ESSAY CONTESTS, STUDENT CLUBS 100000 WIRE 0 EUROPE LOCAL OUTREACH THROUGH SPEAKING EVENTS AND MEETUPS 99532 WIRE 0 SCHOLARSHIP NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 7 4873 WIRE SCHOLARSHIP EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 90 67148 WIRE SCHOLARSHIP SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 4 2456 SCHOLARSHIP MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 5 6572 WIRE SCHOLARSHIP AFRICA 1 1902 WIRE SCHOLARSHIP SOUTH ASIA 1 976 STUDY GRANT EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1 32000 0 0 0 0 0 0 PART I, LINE 2: PROCEDURES VARY DEPENDING ON THE TYPE OF GRANT. SCHOLARSHIP AND ESSAY CONTEST PRIZES DO NOT REQUIRE MONITORING, AS THERE ARE NO ONGOING CONDITIONS AFTER THE SCHOLARSHIP/PRIZE IS AWARDED. PART III ACCOUNTING METHOD: GALA 115090 115090 32436 2215 14955 115090 115090 32436 2215 14955 49606 -49606 1 STUDY GRANTS 4 13525 SCHOLARSHIPS 101 53160 ESSAY PRIZES 56 17075 PART I, LINE 2: PROCEDURES VARY DEPENDING ON THE TYPE OF GRANT. SCHOLARSHIPS AND ESSAY CONTEST PRIZES DO NOT REQUIRE MONITORING, AS THERE ARE NO ONGOING CONDITIONS AFTER THE SCHOLARSHIP/PRIZE IS AWARDED. LONG-TERM GRANTS SUCH AS STUDY GRANTS ARE REVIEWED AT LEAST ANNUALLY, DEPENDING ON THE GRANT TERMS. GRANTEES ARE REQUIRED TO SUBMIT REGULAR PROGRESS REPORTS, TYPICALLY ON A QUARTERLY BASIS. X X X 0 0 0 0 0 0 0 0 0 TAL TSFANY PRESIDENT & CEO, MEMBER 365261 0 250000 0 0 0 3000 0 9574 0 627835 0 0 0 CARLA SILK CHIEF OPERATING OFFICER 209306 0 25000 0 0 0 3000 0 6863 0 244169 0 0 0 ONKAR GHATE CHIEF PHIL. OFFICER 195368 0 25000 0 0 0 3000 0 9316 0 232684 0 0 0 ELAN JOURNO VP OF CONTENT & SR. FELLOW 157096 0 15000 0 0 0 3000 0 7263 0 182359 0 0 0 KEITH LOCKITCH VP OF ED. & SR. FELLOW 144673 0 15000 0 0 0 3000 0 3013 0 165686 0 0 0 ANU SEPPALA DIRECTOR CULTURAL OUTREACH 141220 0 0 0 0 0 3000 0 10644 0 154864 0 0 0 YARON BROOK CHAIRMAN OF THE BOARD 164487 CONSULTING AND SPEAKING SERVICES WITH BROOK MEDIA 0 X 17 286943 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B AN ELECTRONIC COPY OF THE 990 IS PROVIDED TO EACH MEMBER OF THE BOARD BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. WE COMPLETE A REVIEW OF THE PRIOR YEAR RETURN FOR SIGNIFICANT CHANGES AND REVIEW OUR FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER & DIRECTOR ANNUALLY SIGNS AN ACKNOWLEDGMENT STATING THAT THEY HAVE READ, UNDERSTAND, AND AGREE TO COMPLY WITH THE CONFLICT OF INTEREST POLICY. GOVERNANCE COMMITTEE HAS A REVIEW PROCEDURE FOR BUSINESS DEALINGS AMONG BOARD MEMBERS AND OFFICERS. FORM 990, PART VI, SECTION B, LINE 15A FOR THE EXECUTIVE DIRECTOR, THE BOARD DETERMINES THE SALARY, CONSIDERING FACTORS SUCH AS SALARY SURVEYS AND COMPARABLE ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 FORM 990, GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST. AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART IX, LINE 11G OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 1,432,971. MANAGEMENT AND GENERAL EXPENSES 215,747. FUNDRAISING EXPENSES 15,387. TOTAL EXPENSES 1,664,105. FORM 990, PART XI, LINE 9: FUNDRAISING EXPENSES 49,607. FORM 990, PART XII, LINE 2C PROCESS THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. ANTHEM FOUNDATION FOR OBJECTIVIST SCHOLARSHIP 6 HUTTON CENTRE DRIVE 600 SANTA ANA CA 92707 912145352 EDUCATION GRANTS CA 501(C)(3) LINE 12A, I N/A 1 AYN RAND MUSEUM AND ARCHIVES FOUNDATION HOUSE ARCHIVAL COLLECTION OF AYN RAND CA 501(C)(3) LINE 12A, I N/A 1 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 1 1 0 ANTHEM FOUNDATION FOR OBJECTIVIST SCHOLARSHIP R 14110 FMV AYN RAND MUSEUM AND ARCHIVE FOUNDATION D 5000000 AGREEMENT