2023-06-25T10:52:29-05:00 2022-09-30 473535842 DAVIS FARR LLP 18201 VON KARMAN AVE SUITE 1100 IRVINE CA 92612 990 2021-10-01 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 2023-06-23 1 TAL TSFANY 999009999 TRITIA FOSTER P02164134 9494742020 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z TAL TSFANY 6 HUTTON CENTRE DRIVE 600 SANTA ANA CA 92707 20163420 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. 9 7 42 7 0 0 16652850 17283939 440184 590224 289458 35 314160 660915 17696652 18535113 122133 585082 0 0 3792656 5122986 0 0 683172 4109032 4590627 8023821 10298695 9672831 8236418 18617463 27956120 4638605 6398742 13978858 21557378 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 3922663 459854 359502 OUTREACH PROGRAMS: WE POSTED 153 NEW VIDEOS TO OUR YOUTUBE CHANNEL, WHICH GREW TO OVER 82K SUBSCRIBERS. AMONG THE MANY NEW VIDEOS WERE LECTURES, INTERVIEWS AND PODCASTS ON TOPICS RANGING FROM HISTORY AND PHILOSOPHY TO ART AND CULTURAL ISSUES. OUR CHANNEL RECEIVED OVER 1.4 MILLION VIEWS TOTAL THIS FISCAL YEAR, WITH THE MIKE WALLACE INTERVIEW OF AYN RAND RECEIVING OVER 155K VIEWS IN FY2022, FOR AN ALL-TIME TOTAL SURPASSING 781K VIEWS. TWO MAJOR CONFERENCES WERE HELD: ARC-EUROPE, WHICH WAS HELD IN APRIL 2022 IN LONDON WITH A TOTAL OF 167 ATTENDEES AND THE OBJECTIVIST CONFERENCE IN JULY 2022 IN WASHINGTON DC, WITH A TOTAL OF 408 ATTENDEES. IN FY2022, ARI CONTINUED ITS GLOBAL OUTREACH EXPANSION IN EUROPE, LATIN AMERICA, ASIA AND THE MIDDLE EAST, TO ENCOURAGE AND ASSIST VARIOUS AYN RAND PROGRAMS ABROAD. ARI ALSO SENT SPEAKERS TO ADDRESS STUDENT AND GENERAL AUDIENCES OUTSIDE THE UNITED STATES. 4027224 125228 203191 EDUCATIONAL PROGRAMS: IN FY2022, WE DISTRIBUTED APPROXIMATELY 280,000 FREE BOOKS TO CLASSROOMS AND 9,500 DIRECTLY TO STUDENTS ALL OVER THE COUNTRY, AND OUR SPEAKERS ENGAGED WITH DOZENS OF STUDENTS IN THEIR CLASSROOMS. OUR ANNUAL ESSAY CONTEST SUBMISSION TOTALED APPROXIMATELY 5,000 ENTRIES AND WE GAVE OUT PRIZES TO A TOTAL OF 255 WINNERS (RANGING FROM FIRST PLACE TO VARIOUS LEVELS OF RUNNERSUP). WE ALSO HOSTED 8 READING GROUPS, IN WHICH GROUPS OF STUDENTS FROM AROUND THE WORLD CONNECT OVER VIDEO FOR INFORMAL DISCUSSIONS OF RAND'S PHILOSOPHY, WHICH WERE PARTICIPATED BY OVER 200 INDIVIDUALS. OVER 300 STUDENTS ATTENDED ARI HOSTED CONFERENCES, MANY OF THEM ON SCHOLARSHIP, INTRODUCING THEM TO AYN RAND'S PHILOSOPHY OF OBJECTIVISM. THE AYN RAND UNIVERSITY, THE ONLY SYSTEMATIC PROGRAM OF INSTRUCTION IN THE ESSENTIALS OF OBJECTIVISM, HAD 93 APPLICANTS AND ADMITTED 55 STUDENTS. FACULTY TAUGHT 9 COLLEGE-LEVEL COURSES TOTALING 276 COURSE HOURS TO 170 UNIQUE PARTICIPANTS. A TOTAL OF 92 TUITION SCHOLARSHIPS WERE GRANTED TO DESERVING STUDENTS. A TOTAL OF 8 FELLOWS PARTICIPATED IN THE JUNIOR FELLOW PROGRAM, WHICH IS AN ADVANCED TRAINING PROGRAM THAT OFFERS INSTRUCTION TO COMMITTED STUDENTS, AS WELL AS CAREER GUIDANCE, MENTORING, AND FINANCIAL ASSISTANCE. NEW IDEAL, WHICH IS ARI'S OFFICIAL JOURNAL, PUBLISHED 94 ARTICLES AND 55 PODCASTS IN FY2022, APPLYING OBJECTIVISM TO EXPLAIN MAJOR ISSUES IN THE CULTURE AND PROMOTING THE OTHER WORK OF THE INSTITUTE. 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. FIVE NEW ARI CAMPUS COURSES WERE ADDED TO THE CATALOG OF ON-DEMAND CONTENT IN FY2022. THE ARI CAMPUS COURSE VIDEOS RECEIVED OVER 121K HOURS OF VIEWS ACROSS ALL PLATFORMS: WEBSITE, APP AND YOUTUBE. 622459 27532 OTHER: THE AYN RAND ARCHIVES MADE SIGNIFICANT UPGRADES TO OUR FACILITIES VIA SEISMIC ANCHORING OF COLLECTION STORAGE SHELVES AND INSTALLATION OF A LARGER HVAC UNIT TO BETTER MAINTAIN TEMPERATURE AND RELATIVE HUMIDITY AT APPROPRIATE LEVELS. WE PRESENTED TWO EXHIBITS: A PHYSICAL EXHIBIT AT OCON 2022 TITLED AYN RAND GOES TO WASHINGTON, & AN ONLINE EXHIBIT, LETTERS OF AYN RAND, WHICH PRESENTS THE EXPANDED SECOND EDITION OF THAT WORK WITH IMAGES OF ALL ORIGINAL LETTERS FROM AYN RAND'S PAPERS IN ADDITION TO COMPLETE TRANSCRIPTS. WE MADE SIGNIFICANT UPDATES TO 5 INVENTORIES OF IMPORTANT COLLECTIONS, AND STARTED AN UPDATED GENERAL SHELF INVENTORY WITH VISUALS, AN IMPORTANT STEP IN DISASTER PREPAREDNESS. WE RECEIVED 3 NOTABLE ACQUISITIONS: FURNITURE OWNED BY AYN RAND DURING HER LIFETIME; THE PETER SCHWARTZ PAPERS; AND THE EARLY BUSINESS RECORDS OF THE INTELLECTUAL ACTIVIST NEWSLETTER. THE ARI ESTORE (ESTORE.AYNRAND.ORG) CONTINUED TO SELL HUNDREDS OF DOWNLOADABLE RECORDINGS ON OBJECTIVISM AND RELATED TOPICS. IN FY2022, THE NUMBER OF DIGITAL COURSES AND LECTURES SOLD TOTALED OVER 300 ITEMS, IN ADDITION TO OVER 500 BOOKS SOLD. 8572346 1 1 0 0 0 0 0 1 0 0 1 0 0 1 1 1 1 0 0 0 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 1 0 0 1 71 0 42 1 0 0 0 0 0 0 0 0 0 0 X 9 7 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 CA X TAL TSFANY 9492226550 6 HUTTON CENTRE DRIVE SUITE 600 SANTA ANA CA 92707 HARRY BINSWANGER MEMBER 2.00 X 0 0 0 JIM BROWN MEMBER 2.00 X 0 0 0 JOHN ALLISON MEMBER 2.00 X 0 0 0 LARRY SALZMAN MEMBER 2.00 X 0 0 0 ROBERT MAYHEW MEMBER 2.00 2.00 X 0 0 0 TARA SMITH MEMBER 2.00 X 0 0 0 YARON BROOK CHAIRMAN OF THE BOARD 5.00 2.00 X X 0 0 0 TAL TSFANY PRESIDENT & CEO, MEMBER 45.00 2.00 X X 583648 0 12148 ONKAR GHATE CHIEF PHIL. OFFICER 45.00 2.00 X X 204017 0 12077 MARIA TORRE CONTROLLER 45.00 10.00 X 97275 0 9431 JUDY LU CONTROLLER 1.00 X 15923 0 563 KEITH LOCKITCH VP OF ED. & SR. FELLOW 45.00 X 154245 0 8657 ANU SEPPALA DIRECTOR CULTURAL OUTREACH 45.00 X 124118 0 16492 CARLA SILK CHIEF OPERATING OFFICER 45.00 X 226465 0 9618 ELAN JOURNO VP OF CONTENT & SR. FELLOW 45.00 X 164275 0 9799 1569966 0 78785 6 0 1 0 KAIZENNOVATIONS LLC 1495 SPALDING DRIVE ATLANTA GA 30350 SOFTWARE DEVELOPMENT & MARKETING 250000 IDEATION MARKETING GROUP LLC 25731 SAXON WAY LAKE FOREST CA 92630 IT/WEBSITE & DIGITIZATION 177092 BROOK MEDIA AND CONSULTING LLC 53 CALLE PALMERAS SAN JUAN PR 00901 SPEAKER ENGAGEMENTS 134428 3 17283939 3422673 17283939 CONFERENCE 611710 359503 359503 TUITION INCOME 611710 200441 200441 BOOK 451211 27530 27530 PROFESSIONAL OUTREACH 611710 2750 2750 590224 35 35 7674 7674 176814 0 176814 176814 176814 1628307 1628307 0 MISCELLANEOUS INCOME 611710 476427 476427 476427 18535113 1066651 0 184523 X 130368 130368 89205 89205 365509 365509 1131569 682145 80803 368621 931875 922555 9320 2394519 2138295 236193 20031 74239 64276 3754 6209 311865 269966 15448 26451 278919 240927 13096 24896 236099 4806 142483 88810 113198 83710 18629 10859 1557201 1335598 207037 14566 46943 46943 276299 241497 16808 17994 15050 13316 1684 50 13014 13014 15828 4139 11689 305612 249660 46675 9277 690085 689790 35 260 41678 25539 13550 2589 550022 328932 187694 33396 38552 24196 11845 2511 BOOKS 536726 536397 134 195 OUTREACH 88479 54044 17012 17423 TAXES, LICENSES, FEES 47930 3636 5260 39034 COMPUTER HARDWARE & EQU 10120 6092 4028 7791 7791 10298695 8572346 1043177 683172 376256 804619 837605 6021254 38630 387883 498177 201925 443805 132346 258636 2624702 722028 88384 1902674 89777 68307 16464657 17958648 18617463 27956120 1240325 1533894 560922 3398280 4303926 4638605 6398742 X 13546565 21234664 432293 322714 13978858 21557378 18617463 27956120 8236418 -766205 108307 0 X X 0 1 X 1 0 X 10374152 6468953 8821512 16652850 17283939 59601406 10374152 6468953 8821512 16652850 17283939 59601406 14438688 45162718 2744 244 12402 3217 184523 203130 12680 12680 26962 38538 4906 311939 476427 858772 60675988 2257365 0.74430 0.79910 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: EMPLOYEE RETENTION CREDIT - 2017 AMOUNT: $ 1,910. 2019 AMOUNT: $ 4,906. 2020 AMOUNT: $ 311,939. 2021 AMOUNT: $ 476,427. GAIN / LOSS - 2017 AMOUNT: $ 13,743. 2018 AMOUNT: $ 31,157. 2020 AMOUNT: $ 0. ROYALTY INCOME - 2017 AMOUNT: $ 11,309. 2018 AMOUNT: $ 7,381. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 153076 -153076 180968 56053 124915 112620 96191 16429 2331114 569784 1761330 1902674 457(B) PARTICIPANT INTEREST IN ACCOUNTS 1096703 BENEFICIAL INTEREST IN INSURANCE 52878 DEPOSITS AND OTHER ASSETS 149435 ARI RESERVE FUND (HB&T) 11451671 POOLED INCOME BOND FUND 207304 WFB CHARITY GIFT ANNUITY 107343 WFB RESERVE TRUST NON-RESTRICTED 1843374 WFB RESERVE TRUST RESTRICTED 97965 INVESTMENT IN DST 2951975 17958648 457(B) PARTICIPANT INTEREST 1096703 GIFT ANNUITY OBLIGATION 1586960 REFUNDABLE DEPOSIT 16074 OPERATING LEASE LIABILITIES 1604189 4303926 X 17768908 -766205 -766205 18535113 0 18535113 0 0 0 0 0 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: THE INSTITUTE 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, 2022, 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 2018. 1 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, ESSAY CONTEST PRIZES 3100 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM ESSAY CONTEST PRIZES 3125 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, ESSAY CONTEST PRIZES 25 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, ESSAY CONTEST PRIZES 50 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA, FASO ESSAY CONTEST PRIZES 50 0 0 0 0 0 0 6350 0 6350 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, TO PROVIDE LOCAL OUTREACH THROUGH SPEAKING EVENTS, FREE BOOKS AND ESSAY CONTESTS, STUDENT CLUBS 158656 WIRE 0 SOUTH AMERICA TO PROVIDE LOCAL OUTREACH THROUGH SPEAKING EVENTS, FREE BOOKS AND ESSAY CONTESTS, STUDENT CLUBS 90015 WIRE 0 EUROPE LOCAL OUTREACH THROUGH SPEAKING EVENTS AND MEETUPS 80000 WIRE 0 SCHOLARSHIP NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 4 4208 WIRE SCHOLARSHIP EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 36 20910 WIRE SCHOLARSHIP SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 1 1232 WIRE SCHOLARSHIP MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 3 4137 WIRE 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. GRANTS ARE PROVIDED TO ARI-ISRAEL AS DONATIONS ARE EARMARKED FOR THIS SPECIFIC RESTRICTION, THE FUNDS ARE REMITTED. PART III ACCOUNTING METHOD: 1 AUSTIN SHAKESPEARE FESTIVAL PO BOX 4589 AUSTIN TX 78765 742420367 20368 0 PRODUCE A PERFORMANCE OF SCENES FROM AYN RAND'S SCREENPLAY WE THE LIVING RESTORATION PROJECT 125 HIGHLAND FOREST DR LAKE WYLIE SC 29710 125303020 110000 0 HELP RESTORE AND PROMOTE THE WE THE LIVING: THE 80TH ANNIVERSORY EDITION MOVIE/FILM STUDY GRANTS 3 33256 SCHOLARSHIPS 33 33444 ESSAY PRIZES 139 22505 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. PART III LINE 2 SCHOLARSHIPS DO NOT REQUIRE MONITORING, AS THERE ARE NO ONGOING CONDITIONS AFTER IT HAS BEEN AWARDED PART III LINE 1 STUDY GRANTS, WHICH ARE LONG-TERM, ARE REVIEWED ANNUALLY, DEPENDING ON THE GRANT TERM. 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 333648 0 250000 0 0 0 3000 0 9148 0 595796 0 0 0 CARLA SILK CHIEF OPERATING OFFICER 201465 0 25000 0 0 0 3000 0 6618 0 236083 0 0 0 ONKAR GHATE CHIEF PHIL. OFFICER 179017 0 25000 0 0 0 3000 0 9077 0 216094 0 0 0 ELAN JOURNO VP OF CONTENT & SR. FELLOW 149275 0 15000 0 0 0 3000 0 6799 0 174074 0 0 0 KEITH LOCKITCH VP OF ED. & SR. FELLOW 139245 0 15000 0 0 0 3000 0 5657 0 162902 0 0 0 PART I LINE III SALARY IS DETERMINED BY THE BOARD, CONSIDERING FACTORS SUCH AS SALARY, SURVEYS AND COMPARABLE ORGANIZATIONS YARON BROOK CHARIMAN OF THE BOARD 132896 CONSULTING AND SPEAKING SERVICES WITH BROOK MEDIA 0 X 12 1989590 FMV X 1433083 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 1,335,598. MANAGEMENT AND GENERAL EXPENSES 207,037. FUNDRAISING EXPENSES 14,566. TOTAL EXPENSES 1,557,201. 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 0 0 0 0 1 0 0 0 0 0 0 1 0 1 1 0 1 0 0 ANTHEM FOUNDATION FOR OBJECTIVIST SCHOLARSHIP E 4952 FMV