2023-11-06T14:00:21-06:00 2023-06-30 822891403 GANNON CPA LLC PO BOX 421 CHELMSFORD MA 01824 990 2022-07-01 814814174 AMERICAN AFFAIRS FOUNDATION INC AMER 6176214088 ONE BOSTON PLACE 2600 BOSTON MA 02108 JULIUS KREIN PRESIDENT 6176214088 2023-10-23 1 JULIUS KREIN XXX-XX-XXXX 0 BARRY CHAIT P01452996 9782442470 2023-10-23 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JULIUS KREIN ONE BOSTON PLACE 2600 BOSTON MA 02108 614450 0 X AMERICANAFFAIRSJOURNAL.ORG X 2016 MA TO PUBLISH A PERIODICAL IN ONLINE, DIGITAL, PRINT, AND/OR OTHER FORMATS, AVAILABLE TO A GENERAL AUDIENCE, WITH ORIGINAL SCHOLARLY CONTENT CONCERNING MATTERS OF EDUCATIONAL, LITERARY, AND CIVIL IMPORTANCE: AND TO SUPPORT AND PROMOTE THE CONDUCT AND DISSEMINATION OF EDUCATIONAL, LITERARY, CIVIC, AND SCIENTIFIC RESEARCH AND SHOLARSHIIP. 3 3 0 0 0 0 751693 525300 101761 89150 0 0 0 0 853454 614450 55000 91000 0 0 0 0 34858 0 0 604554 628683 694412 719683 159042 -105233 541740 411458 353716 328667 188024 82791 TO PUBLISH A PERIODICAL IN ONLINE, DIGITAL, PRINT, AND/OR OTHER FORMATS, AVAILABLE TO A GENERAL AUDIENCE, WITH ORIGINAL SCHOLARLY CONTENT MATTERS OF EDUCATIONAL, LITERARY, AND CIVIL IMPORTANCE:: TO SUPPORT AND PROMOTE THE CONDUCT AND DISSEMINATION OF SAME. 0 0 613210 91000 89150 AMERICAN AFFIARS FOUNDATION INC. PUBLISHES A QUARTERLY JOURNAL OF PUBLIC POLICY AND POLITICAL THOUGHT, IN PRINT AND DIGITAL EDITIONS. THE JOURNAL WILL PUBLISH SCHOLARLY ESSAYS AND RESEARCH CONCERNING TOPICS OF A CIVIC EDUCATIONAL, SCIENTIFIC, AND/OR LITERARY CHARACTER. THE ORGANIZATION MAY OCCASIONALLY PROVIDE FUNDING FOR RESEARCH SUPPORTING COMMISSIONED ARTICLES. THE ORGANIZATION MAY HOST COLLOQUIA CONFERENCES, PANEL DISCUSSIONS, OR OTHER EVENTS FOR THE DISCUSSIOON OF TOPICS RELATED TO PUBLIC POLICY AND POLITICAL THOUGHT AND ASSOCIATED SCHOLARLY THEMES. 613210 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 32 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 MA X X JULIUS KREIN 6176214088 ONE BOSTON PLACE SUITE 2600 BOSTON MA 02108 X JULIUS KREIN PRESIDENT 40.00 X X 0 0 0 GLADDEN PAPPIN CLERK 10.00 X X 0 0 0 CHRISTOPHER LACONI TREASURER 1.00 X X 0 0 0 0 0 0 0 0 0 0 BELISARIUS ADVISORS LLC ONE BOSTON PLACE BOSTON MA 02108 PROFESSIONAL SERVICES 328000 1 525300 525300 PRODUCT REVENUE 511112 89150 89150 89150 614450 89150 0 0 X 77000 77000 14000 14000 328000 262400 65600 83868 65500 18368 120 120 11249 8999 2250 16689 16689 4788 4788 PRINTING 106653 106653 EVENTS 77902 66217 11685 FULFILLMENT SERVICES 13488 11465 2023 MISCELLANEOUS 5461 4642 819 -19535 -20355 820 719683 613210 106473 0 411440 255926 125000 150000 1745 1977 3555 3555 541740 411458 126799 106356 37676 33746 30000 30000 159241 158565 353716 328667 X -11976 -217209 200000 300000 188024 82791 541740 411458 -105233 0 X X 0 1 X 1 0 X 392162 402725 750655 751693 525300 2822535 392162 402725 750655 751693 525300 2822535 1353098 1469437 2822535 0.52060 0.67780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 SBA LOAN PAYABLE 158565 158565 X 614450 0 614450 0 614450 719683 0 719683 0 719683 PART X, LINE 2: INCOME TAXES - THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES IN ACCORDANCE WITH SECTION 501(C)(3) OF THE IRC AND STATE TAXES UNDER MASSACHUSETTS GENERAL LAWS, CHAPTER 63, SECTION 30. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THESE FINANCIAL STATEMENTS. CONTRIBUTIONS TO THE ORGANIZATION ARE TAX DEDUCTIBLE. IN ACCORDANCE WITH GAAP, THE ORGANIZATION MUST IDENTIFY, RECOGNIZE, MEASURE AND DISCLOSE IN ITS FINANCIAL STATEMENTS THE EFFECTS OF ANY UNCERTAIN TAX REPORTING POSITIONS THAT THE ORGANIZATION HAS TAKEN OR EXPECTS TO TAKE. THE ORGANIZATION MUST RECOGNIZE AN UNRECOGNIZED TAX BENEFIT WHEN, DESPITE THE ORGANIZATION'S BELIEF THAT ITS TAX RETURN POSITIONS ARE SUPPORTABLE, IT IS POSSIBLE THAT CERTAIN POSITIONS MAY NOT BE FULLY SUSTAINED UPON REVIEW BY TAX AUTHORITIES. BENEFITS FROM TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT OF BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON SETTLEMENT. THE ORGANIZATION RECOGNIZES INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OTHER ADMINISTRATIVE COSTS. NO SUCH INTEREST OR PENALTIES WERE RECOGNIZED DURING THE PERIODS PRESENTED. THE ORGANIZATION HAD NO ACCRUALS FOR INTEREST AND PENALTIES AT JUNE 30, 2023 AND 2022. TO THE EXTENT THAT THE FINAL TAX OUTCOME OF THESE MATTERS IS DIFFERENT THAN THE AMOUNTS RECORDED, SUCH DIFFERENCES IMPACT INCOME TAX EXPENSE IN THE PERIOD IN WHICH SUCH DETERMINATION IS MADE. MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AGAINST RETURNS FILED AND HAS DETERMINED NO ADDITIONAL ADJUSTMENTS ARE NECESSARY. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES FROM 2020 TO 2022. 1 0 0 0 0 0 0 0 0 0 RESEARCH AND PRODUCE ARTICLE SERIES ON AMERICAN SYSTEM OF ECONOMIC DEVELOPMENT EUROPE (INCLUDING ICELAND & GREENLAND) 1 14000 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 CLAREMONT INSTITUTE 1317 W FOOTHILL BLVD 120 UPLAND CA 91786 953443202 25000 0 RESEARCH AND INVESTIGATIVE REPORTING OF CORPORATE PHILANTHROPY W E UPJOHN INSTITUTE 300 S WESTNEDGE AVE KALAMAZOO MI 49007 381360419 35000 0 RESEARCH AND INVESTIGATIVE REPORTING OF EDUCATION RYAN RESEARCH LLC 177 N SCOTTSDALE RD 3054 SCOTTSDALE AZ 85255 842081987 12000 0 RESEARCH /BOOK ON 19TH CENTURY ECONOMY SCHEDULE I, PART 1, QUESTION 2 GRANTS ARE PUBLICLY ADVERTISED, GRANT APPLICATIONS ARE REVIEWED BY 4-PERSON BOARD (DISTINCT FROM AM AFFRS BOARD); GRANTEES MUST SUBMIT SUMMARY PROGRAMMING AND FINANCIAL REPORTS AT END OF GRANT PERIOD. JULIUS KREIN JULIUS KREIN IS PRESIDENT OF AMERICAN AFFAIRS FOUNDATION INC. HELP FUND OPERATIONS X 101000 30000 0 1 1 30000 BELISARIUS ADVISORS LLC BELISARIUS ADVISORS IS A WHOLLY OWNED SUBSIDIARY OF JULIUS KREIN 328000 PAYMENT FOR PROFESSIONAL SERVICES. THE CONTRACT WAS REVIEWED BY THE BOARD IN ACCORDANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST/COMPENSATION POLICY WITH RESPECT TO COMPARABLE SERVICES REMUNERATION. 0 AVENTINE ADVISERS LLC AVENTINE ADVISERS LLC IS A WHOLLY OWNED SUBSIDIARY OF GLADDEN PAPPIN 2000 PAYMENT FOR ARTICLE HONORARIUM. THE CONTRACT WAS REVIEWED BY THE BOARD IN ACCORDANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST/COMPENSATION POLICY WITH RESPECT TO COMPARABLE SERVICES REMUNERATION. 0 FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT REVIEWS THE DRAFT RETURN AND SENDS A COPY TO ALL BOARD MEMBERS FOR THEIR REVIEW OF THE RETURN PRIOR TO SIGNING ALL RETURNS. FORM 990, PART VI, SECTION B, LINE 12C TO ENSURE THE ORGANIZATION OPERATED IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEW SHALL BE CONDUCTED. THE PERIOID REVIEW SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: 1. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING; 2. WHETHER PARTNERSHIPS, JOINT VENTURS, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATIONS WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION DECISIONS ARE REVIEWED BY THE BOARD, EXCLUDING THE AFFECTED INDIVIDUAL; COMPARABILITY DATA IS PROVIDED; AND DECISIONS ARE DOCUMENTED CONTEMPORANEOULSY, ACCORDING TO THE FOUNDATION'S POLICY. PROFESSIONAL SERVICE FEES FOR OTHER KEY OFFICERS ARE DETERMINED BY THE SAME PROCESS/COMPENSATION/CONFLICT OF INTEREST POLICIES AS TOP OFFICER. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS REQUIRED BY LAW ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTORS: PROGRAM SERVICE EXPENSES 65,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 65,500. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 18,368. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,368. PART XII, QUESTION 2 C THE ORGANIZATON, DURING THE TAX YEAR, DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS FOR ITS INDEPENDENT ACCOUNTANT.