2025-10-22T16:24:00-05:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 18500 VON KARMAN AVE 10TH FLOOR IRVINE CA 92612 990 2024-01-01 464548728 ANNUAL REVIEWS INVESTMENT CORPORATION ANNU 6504934400 1875 S GRANT STREET 700 SAN MATEO CA 94402 JONATHAN MICHAEL PRESIDENT 6504934400 2025-10-21 1 0 BRIAN YACKER P00401346 9492222999 2025-10-21 2024 2025-03-06 01:10:19Z MR PETER F CARPENTER 1875 S GRANT STREET 700 SAN MATEO CA 94402 7585708 0 X WWW.ANNUALREVIEWSINVESTMENTCORPORATION.ORG X 2013 CA TO SUPPORT, BENEFIT AND ASSIST ANNUAL REVIEWS, OR PROGRAMS WHICH SUPPORT OR BENEFIT ANNUAL REVIEWS. 8 7 0 7 0 0 0 0 0 0 3884592 4457455 0 0 3884592 4457455 1000 0 0 0 354092 0 0 0 0 8182 4986 363274 4986 3521318 4452469 116286267 130212467 0 0 116286267 130212467 ANNUAL REVIEWS INVESTMENT CORPORATION HAS BEEN FOUNDED TO SUPPORT ANNUAL REVIEWS IN THE FULFILLMENT OF ITS PURPOSES, THROUGH THE MANAGEMENT AND DISTRIBUTION OF FINANCIAL RESERVES. 0 0 486 ANNUAL REVIEWS INVESTMENT CORPORATION HAS BEEN FOUNDED TO SUPPORT ANNUAL REVIEWS IN THE FULFILLMENT OF ITS PURPOSES, THROUGH THE MANAGEMENT AND DISTRIBUTION OF FINANCIAL RESERVES. 486 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 1 1 1 0 CA X X JONATHAN MICHAEL 6504934400 1875 S GRANT STREET STE 700 SAN MATEO CA 94402 DR RICHARD GALLAGHER EX-OFFICIO DIRECTOR 1.00 38.00 X 0 482863 57328 JONATHAN MICHAEL TREASURER 1.00 38.00 X 0 286348 66101 MR PETER F CARPENTER PRESIDENT & CEO 1.00 1.00 X X 0 0 0 DR KAREN S COOK SECRETARY 1.00 1.00 X X 0 0 0 DR JOHN BRAUMAN DIRECTOR 1.00 1.00 X 0 0 0 DR SANDRA M FABER DIRECTOR 1.00 1.00 X 0 0 0 DR SAMUEL GUBINS DIRECTOR 1.00 1.00 X 0 0 0 DR STEVEN E HYMAN DIRECTOR 1.00 1.00 X 0 0 0 DR SABEEHA MERCHANT DIRECTOR 1.00 1.00 X 0 0 0 0 769211 123429 0 0 1 0 0 2585708 2585708 5000000 3128253 1871747 1871747 1871747 4457455 0 0 4457455 4500 4500 279 279 FILING/REGISTRATION FEE 207 207 4986 486 4500 0 19890 19890 116266377 130192577 116286267 130212467 0 0 X 116286267 130212467 116286267 130212467 116286267 130212467 X 4452469 14468746 -4995015 X X 0 1 X 1 0 X X X 1 ANNUAL REVIEWS 941156476 10 1 4995015 0 1 4995015 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 REAL ESTATE INDEX FUND 12293608 F TOTAL BOND MARKET INDEX FUND 9872184 F ESG US STOCK ETF 78646209 F ESG INTERNATIONAL STOCK ETF 26050375 F FEDERAL MONEY MARKET FUND 352 F ESG INTERNATIONAL BOND ETF 3329849 F 130192577 X PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (THE CODE) AS ENTITIES DESCRIBED IN SECTION 501(C)(3) OF THE CODE AND STATE FRANCHISE TAXES UNDER SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE ORGANIZATION USES THE "MORE LIKELY THAN NOT" CRITERION FOR RECOGNIZING THE INCOME TAX BENEFIT OF ITS INCOME TAX EXEMPT STATUS AND ESTABLISHING MEASUREMENT CRITERIA FOR LIABILITIES RESULTING FROM THE LOSS OF THAT STATUS. THE ORGANIZATION BELIEVES ALL INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND, ACCORDINGLY, HAS NOT RECORDED A LIABILITY FOR UNCERTAIN INCOME TAX POSITIONS OR AN ACCRUAL FOR INTEREST AND PENALTIES AT DECEMBER 31, 2024. IN THE EVENT THE ORGANIZATION SHOULD NEED TO RECOGNIZE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED INCOME TAX LIABILITIES, THIS AMOUNT WILL BE RECORDED AS AN ACCRUED LIABILITY AND AN INCREASE TO INCOME TAX EXPENSE. ALTHOUGH THE ORGANIZATION IS RECOGNIZED AS TAX EXEMPT, IT IS STILL LIABLE FOR TAX ON ITS UNRELATED BUSINESS TAXABLE INCOME (UBTI). THE ORGANIZATION'S UBTI HAS NOT BEEN MATERIAL THROUGH DECEMBER 31, 2024. THE ORGANIZATION'S FEDERAL EXEMPT ORGANIZATION BUSINESS INFORMATIONAL TAX RETURN (FORM 990) IS SUBJECT TO EXAMINATION, GENERALLY FOR THREE YEARS AFTER IT IS FILED WITH THE INTERNAL REVENUE SERVICE. THE ORGANIZATION'S CALIFORNIA EXEMPT ORGANIZATION BUSINESS INFORMATIONAL TAX RETURN IS SUBJECT TO EXAMINATION, GENERALLY FOR FOUR YEARS AFTER IT IS FILED WITH THE FRANCHISE TAX BOARD. 0 0 0 0 0 0 0 0 0 DR RICHARD GALLAGHER EX-OFFICIO DIRECTOR 0 478997 0 0 0 3866 0 34500 0 22828 0 540191 0 0 JONATHAN MICHAEL TREASURER 0 278447 0 2274 0 5627 0 29116 0 36985 0 352449 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS COMPENSATION COMMITTEE IS MADE UP OF FOUR BOARD MEMBERS ANNUALLY ELECTED TO SERVE ON THIS STANDING BOARD COMMITTEE. IT MEETS ANNUALLY EACH SPRING FOR THE PURPOSE OF DETERMINING AND APPROVING THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT. A REQUEST TO REVIEW THE PRESIDENT'S COMPENSATION IS PROVIDED BY THE DIRECTOR OF HUMAN RESOURCES OF ANNUAL REVIEWS TO THE BOARD COMPENSATION COMMITTEE FOR REVIEW AND COMMENT. THE DIRECTOR OF HUMAN RESOURCES MAINTAINS RECORDS AND DOCUMENTATION OF ALL SALARY ACTIONS APPROVED. FORM 990, PART VI, SECTION A, LINE 6 DIRECTORS OF THE BOARD OF ANNUAL REVIEWS ARE MEMBERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS OF THE BOARD OF ANNUAL REVIEWS CAN ELECT THE BOARD MEMBERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B BEFORE FILING THE FORM 990, A COPY OF THE FORM IS DISTRIBUTED TO THE BOARD OF DIRECTORS WITHOUT ASKING FOR APPROVAL OR COMMENTS. FORM 990, PART VI, SECTION B, LINE 12C WHEN AN INDIVIDUAL IS ELECTED TO SERVE AS A MEMBER OF THE ANNUAL REVIEWS INVESTMENT CORPORATION BOARD OF DIRECTORS, THE MEMBER IS ASKED TO FILL OUT A "DISCLOSURE OF POTENTIAL BIAS" FORM. THEIR STATEMENTS ARE KEPT ON FILE WITH THE CORPORATE SECRETARY TO THE BOARD AND WILL BE MADE AVAILABLE UPON REQUEST. MEMBERS ARE ASKED TO UPDATE THEIR DISCLOSURE STATEMENTS WHENEVER CIRCUMSTANCES NECESSITATE A CHANGE. BLANK FORMS ARE DISTRIBUTED TO MEMBERS DURING EACH YEAR OF SERVICE AS A REMINDER FOR MEMBERS TO REVIEW THEIR DISCLOSURE STATEMENTS AND UPDATE AS NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS COMPENSATION COMMITTEE IS MADE UP OF FOUR BOARD MEMBERS ANNUALLY ELECTED TO SERVE ON THIS STANDING BOARD COMMITTEE. IT MEETS ANNUALLY EACH SPRING FOR THE PURPOSE OF DETERMINING AND APPROVING THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT. A REQUEST TO REVIEW THE PRESIDENT'S COMPENSATION IS PROVIDED BY THE DIRECTOR OF HUMAN RESOURCES OF ANNUAL REVIEWS TO THE BOARD COMPENSATION COMMITTEE FOR REVIEW AND COMMENT. THE DIRECTOR OF HUMAN RESOURCES MAINTAINS RECORDS AND DOCUMENTATION OF ALL SALARY ACTIONS APPROVED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: ELIMINATION FOR CONSOLIDATION - INTER-CO RECEIVABLE -4,995,015. FORM 990, PART XII, LINE 2: THE 2024 FINANCIAL STATEMENTS WERE AUDITED ON A CONSOLIDATED BASIS WITH ANNUAL REVIEWS [94-1156476]. FORM 990, PART XII, LINE 2C: ANNUAL REVIEWS INVESTMENT CORPORATION HAS NOT CHANGED ITS PROCESS RELATED TO OVERSIGHT OF THE AUDIT AND REVIEW OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF ITS INDEPENDENT AUDITOR. A COPY OF THE FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS. ANNUAL REVIEWS 1875 S GRANT ST STE 700 SAN MATEO CA 94402 941156476 DISSEMINATE SCIENTIFIC REVIEW ARTICLES CA 501(C)(3) LINE 10 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 ANNUAL REVIEWS B 5000000 FMV