2026-06-05T16:14:42-05:00 2025-12-31 473535842 DAVIS FARR LLP 18201 VON KARMAN AVE SUITE 1100 IRVINE CA 92612 990 2025-01-01 222570926 THE AYN RAND INSTITUTE THE CENTER FOR THE ADVANCEMENT OF OBJECTIVISM AYNR 9492226550 6 HUTTON CENTRE DRIVE 600 SANTA ANA CA 92707 GERALDINE YUMPING TREASURER 9492226550 2026-06-05 1 JENNIFER FARR P00743254 9494742020 2025 2025-03-06 01:10:19Z GERALDINE YUMPING 6 HUTTON CENTRE DRIVE 600 SANTA ANA CA 92707 37024130 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. 8 4 51 6 0 0 24775574 27347987 153813 522947 187704 1003300 4017 -76128 25121108 28798106 93894 458108 0 0 1345906 5944184 0 0 796763 1142534 5435197 2582334 11837489 22538774 16960617 73471338 94923201 3571450 4135166 69899888 90788035 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 4539797 297928 378077 OUTREACH PROGRAMS: WE POSTED SCORES OF NEW VIDEOS TO OUR YOUTUBE CHANNEL, WITH SIGNIFICANT GROWTH IN SUBSCRIBERS AND VIEWS. AMONG THE NEW VIDEOS WERE LECTURES, INTERVIEWS, AND PODCASTS ON TOPICS RANGING FROM HISTORY AND PHILOSOPHY TO CULTURAL ISSUES AND FOREIGN AFFAIRS. OUR CHANNEL SHOWCASED RARE AND LESSER-KNOWN AYN RAND AUDIO-VIDEO MATERIALS.SIX MAJOR CONFERENCES WERE HELD DURING THE FISCAL YEAR: 1) ARCON-EUROPE WAS HELD IN MARCH 2025 IN BERLIN, GERMANY; 2) ARCON USA WAS HELD AT THE END OF FEB 2025 TO EARLY MARCH 2025 IN AUSTIN, TEXAS; 3) ARCON LATIN AMERICA WAS HELD IN AUGUST 2025 IN BUENOS AIRES, ARGENTINA AND PORTO ALEGRE, BRAZIL; 4) THE FIRST ARCON AUSTRALIA WAS HELD IN DECEMBER 2024 IN BRISBANE; 5) THE FIRST ARCON ISRAEL WAS HELD IN DECEMBER 2025 IN TEL AVIV; AND 6) THE OBJECTIVIST CONFERENCE WAS HELD IN JULY 2025 IN BOSTON, MASSACHUSETTS. THESE CONFERENCES BROUGHT HUNDREDS OF ATTENDEES TOGETHER FROM ALL OVER THE WORLD. IN FY2025, 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. 5148933 160180 135628 EDUCATIONAL PROGRAMS:IN FY2025, WE FOCUSED ON GROWING OUR FREE BOOKS TO TEACHERS PROGRAM, INTRODUCING NEW MARKETING CAMPAIGNS AND IN-PERSON OUTREACH THROUGH TEACHER CONFERENCES. OUR BOOKS FOR STUDENTS PROGRAM ALSO SAW STEADY GROWTH AS WE REFINED OUR ONLINE STRATEGY. ESSAY CONTESTS CONTINUED THEIR STRONG PERFORMANCE, HELPING US TO IDENTIFY PROMISING STUDENT LEADS FOR OUR EDUCATIONAL PROGRAMS. AS ALWAYS, IN-PERSON CONFERENCES WERE A CULMINATING EXPERIENCE FOR MANY OF THE STUDENTS WHO INTERACT WITH OUR PROGRAMS.ARU, OUR PROGRAM OF ONLINE COURSES FOCUSED ON OBJECTIVISM AND ITS PHILOSOPHICAL APPLICATIONS, CONTINUED TO SERVE A GROWING STUDENT COMMUNITY WHILE EXPANDING AND DIVERSIFYING ITS EDUCATIONAL OFFERINGS. FINANCIAL ASSISTANCE REMAINED AVAILABLE TO ELIGIBLE PARTICIPANTS, OFFSETTING SOME OR ALL OF THEIR PROGRAM COST .ARI'S RECORDED COURSE VIDEOS RECEIVED THOUSANDS OF HOURS OF VIEWS ACROSS ALL PLATFORMS: WEBSITE, ARI MOBILE APP, AND YOUTUBE. IN FY2025, THE INTELLECTUAL INCUBATOR SUCCEEDED THE ARU GRADUATE CENTER AS OUR PLATFORM FOR TRAINING PROFESSIONAL INTELLECTUALS. THE INCUBATOR FOCUSES ON IDENTIFYING AND ACCELERATING THE DEVELOPMENT OF HIGH-POTENTIAL EARLY-CAREER INDIVIDUALS THROUGH ADVANCED PHILOSOPHICAL STUDY, PROFESSIONAL MENTORSHIP, AND INTERNSHIPS, ALL TAILORED TO PREPARE THE NEXT GENERATION OF OBJECTIVIST INTELLECTUALS.NEW IDEAL, ARI'S JOURNAL, RELEASED 46 SUBSTANTIVE ARTICLES AND 61 PODCASTS IN FY2025, APPLYING OBJECTIVISM TO CURRENT EVENTS AND FEATURING BOTH OUR SENIOR AND JUNIOR INTELLECTUALS. ADDITIONALLY, THE INSTITUTE PUBLISHED EIGHT BOOKS, INCLUDING EXPANDED EDITIONS AND A NEW MINIBOOK FORMAT. 715154 9242 OTHER: THE AYN RAND ARCHIVES CONTINUED TO ENHANCE THE PROTECTION OF ARI'S PHYSICAL ARCHIVAL MATERIALS AND INVESTED IN PROJECTS THAT WILL PROVIDE SIGNIFICANTLY MORE ACCESS IN COMING YEARS: VOLUNTEERS AND STAFF TRANSCRIBED OVER 5,000 PAGES OF WRITTEN ARCHIVAL MATERIAL. IN ADDITION TO PUBLISHING ESSAYS AND HOSTING ONLINE EVENTS FEATURING ARCHIVAL MATERIALS, WE RELEASED MORE ARCHIVAL AUDIO ONLINE AND PRODUCED A PHYSICAL EXHIBIT, "THIS IS AYN RAND SPEAKING," AT OCON 2025."THE ARI ESTORE (ESTORE.AYNRAND.ORG) CONTINUED TO SELL BOOKS AND RECORDINGS ON OBJECTIVISM AND RELATED TOPICS. ARI CONTINUED TO HAVE THE HIGHEST 4-STAR RATING WITH CHARITY NAVIGATOR, POSITIONING ARI AMONG THE MOST-TRUSTED NONPROFITS IN THE COUNTRY. 10403884 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 1 1 0 0 1 0 0 0 0 1 1 1 0 0 1 66 0 51 1 0 0 0 0 0 0 0 0 0 0 X 8 4 0 0 1 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 JERI EAGAN MEMBER 2.00 X 0 0 0 LARRY SALZMAN MEMBER 2.00 X 0 0 0 ROBERT MAYHEW 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, BOARD MEM 45.00 2.00 X X 818213 0 14636 ONKAR GHATE CHIEF PHIL. OFFICER 45.00 X X 241767 0 14960 YARON BROOK CHAIRMAN OF THE BOARD 5.00 2.00 X X 0 0 0 GERALDINE YUMPING CONTROLLER 45.00 2.00 X 171269 0 12019 CARLA SILK CHIEF OPERATING OFFICER 45.00 X 313962 0 11225 KEITH LOCKITCH VP OF ED. & SR. FELLOW 45.00 X 155329 0 13845 ELAN JOURNO VP OF CONTENT & SR. FELLOW 45.00 X 213216 0 12472 DONALD WATKINS VICE PRESIDENT OF MARKETIN 45.00 X 181333 0 6542 BENJAMIN BAYER DIRECTOR OF CONTENT 45.00 X 110330 0 12715 JEFFREY P SCIALABBA DIRECTOR OF ARU OPERATIONS 45.00 2.00 X 121780 0 11386 MATTHEW MORGEN DIRECTOR OF DONOR RELATIONS 45.00 X 115686 0 11349 VINNY FREIRE IT & ENGINEERING SENIOR MANAGER 45.00 X 116131 0 7860 2559016 0 129009 11 0 1 0 JOHN RONAN ARCHITECTS 610 N FAIRBANKS CT CHICAGO IL 60611 ARCHITECTURAL AND ENGINEERING/CONSULTING 1157222 PENGUIN RANDOM HOUSE LLC PO BOX 120001 DALLAS TX 753120919 BOOK PUBLISHING 735366 WESTIN COPLEY PLACE BOSTON 10 HUNTINGTON AVE BOSTON MA 02116 EVENTS VENUE AND LODGING 485432 TEEV EVENTS INC 15315 MAGNOLIA BLVD SHERMAN OAKS CA 91403 EVENTS PRODUCTION 406722 IMAGINE STUDIO LLC 2870 PEACHTREE RD NW ATLANTA GA 30305 DESIGN SERVICES 357079 5 128600 27219387 10501721 27347987 CONFERENCE 611710 377577 377577 TUITION INCOME 611710 135628 135628 BOOK 611710 9242 9242 PROFESSIONAL OUTREACH 611710 500 500 522947 962080 962080 15466 15466 8174971 8133751 41220 41220 41220 0 128600 92273 -92273 -92273 MISCELLANEOUS INCOME 611710 679 679 679 28798106 564846 0 885273 X 78609 78609 379499 379499 1089576 656830 77805 354941 903337 894303 9034 3153261 2845425 217461 90375 239545 194771 24747 20027 257535 206713 31531 19291 300930 244129 31285 25516 98281 1070 87404 9807 169114 144981 9446 14687 2430882 2364485 29228 37169 192019 191398 125 496 137784 115588 8646 13550 95428 93250 947 1231 96639 96639 21725 21545 180 480869 389702 35312 55855 608688 605714 1476 1498 541582 465167 30380 46035 56979 50699 2469 3811 BOOKS 353394 353097 178 119 OUTREACH 74009 2739 32108 39162 TAXES, LICENSES, FEES 68365 5245 63120 COMPUTER HARDWARE & EQU 9439 2286 7080 73 11837489 10403884 636842 796763 4753638 3674746 22536097 33801413 17858177 18249636 13796 125739 5000000 5000000 157570 497570 139483 139882 3992443 553883 713700 3438560 11995 376478 22286882 29619177 73471338 94923201 717345 976828 328913 412909 2525192 2745429 3571450 4135166 X 46602970 43694086 23296918 47093949 69899888 90788035 73471338 94923201 X 16960617 1300036 2627494 X X 0 1 X 1 0 X 17283939 14527711 31003704 24775574 27347987 114938915 17283939 14527711 31003704 24775574 27347987 114938915 19410989 95527926 184523 124436 336913 175508 977546 1798926 476427 98273 102893 15 679 678287 117416128 2721782 0.81360 0.74240 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: EMPLOYEE RETENTION CREDIT - 2021 AMOUNT: $ 476,427. 2022 AMOUNT: $ 98,273. 2023 AMOUNT: $ 15,083. REFUNDS/REIMBURSMENTS - 2023 AMOUNT: $ 87,810. MISCELLANEOUS - 2024 AMOUNT: $ 15. 2025 AMOUNT: $ 679. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 171567 141332 30235 86794 78696 8098 3734082 333855 3400227 3438560 457(B) PARTICIPANT INTEREST IN ACCOUNTS 799682 BENEFICIAL INTEREST IN INSURANCE 49153 DEPOSITS AND OTHER ASSETS 37025 ARI RESERVE FUND 24038403 POOLED INCOME BOND FUND 208141 CHARITY GIFT ANNUITY 110467 RESERVE TRUST NON-RESTRICTED 1152964 RESERVE TRUST RESTRICTED 78062 INVESTMENT IN DST 3074922 COHEN TRUST 70358 29619177 457(B) PARTICIPANT INTEREST 799882 GIFT ANNUITY OBLIGATION 1177893 OPERATING LEASE LIABILITIES 767654 2745429 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 DECEMBER 31, 2025, 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 2021. 0 EUROPE ESSAY CONTEST PRIZES 500 EAST ASIA AND THE PACIFIC ESSAY CONTEST PRIZES 1500 RUSSIA AND NEIGHBORING STATES ESSAY CONTEST PRIZES 25 0 0 0 0 0 0 2025 0 2025 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, TO PROVIDE LOCAL OUTREACH THROUGH SPEAKING EVENTS, FREE BOOKS AND ESSAY CONTESTS, STUDENT CLUBS 231428 WIRE 0 SOUTH AMERICA TO PROVIDE LOCAL OUTREACH THROUGH SPEAKING EVENTS, FREE BOOKS AND ESSAY CONTESTS, STUDENT CLUBS 62500 WIRE 0 EAST ASIA AND THE PACIFIC LOCAL OUTREACH THROUGH SPEAKING EVENTS AND MEETUPS 10000 WIRE 0 SCHOLARSHIP EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 1 1333 WIRE SCHOLARSHIP EUROPE 51 26413 WIRE SCHOLARSHIP RUSSIA AND NEIGHBORING STATES 3 1449 WIRE SCHOLARSHIP MIDDLE EAST AND NORTH AFRICA 11 8048 WIRE SCHOLARSHIP NORTH AMERICA 4 2091 WIRE SCHOLARSHIP SOUTH AMERICA 3 1963 WIRE SCHOLARSHIP CENTRAL AMERICA AND THE CARIBBEAN 1 600 STUDY GRANT EUROPE (INCLUDING ICELAND & GREENLAND) 1 750 0 0 0 0 0 0 PART I, LINE 2: PROCEDURES VARY DEPENDING ON THE TYPE OF GRANT. SCHOLARSHIPS DO NOT REQUIRE MONITORING, AS THERE ARE NO ONGOING CONDITIONS AFTER IT HAS BEEN AWARDED. LOCAL OUTREACH GRANTS ARE MONITORED ANNUALLY AGAINST BUDGETS SET FOR EACH ACTIVITY AND AGAINST METRICS ESTABLISHED PER THE GRANT TERMS. GALA 128600 128600 18100 40736 20480 12957 128600 128600 18100 40736 20480 12957 92273 -92273 1 STUDY GRANTS 1 56667 SCHOLARSHIPS 34 18742 ESSAY PRIZES 4 3200 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. 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, BOARD MEM 443213 0 375000 0 0 0 3000 0 11636 0 832849 0 0 0 CARLA SILK CHIEF OPERATING OFFICER 233962 0 80000 0 0 0 3000 0 8225 0 325187 0 0 0 ONKAR GHATE CHIEF PHIL. OFFICER 191767 0 50000 0 0 0 3000 0 11960 0 256727 0 0 0 ELAN JOURNO VP OF CONTENT & SR. FELLOW 163216 0 50000 0 0 0 3000 0 9472 0 225688 0 0 0 DONALD WATKINS VICE PRESIDENT OF MARKETIN 151333 0 30000 0 0 0 0 0 6542 0 187875 0 0 0 GERALDINE YUMPING CONTROLLER 146269 0 25000 0 0 0 3000 0 9019 0 183288 0 0 0 KEITH LOCKITCH VP OF ED. & SR. FELLOW 135329 0 20000 0 0 0 3000 0 10845 0 169174 0 0 0 YAEL TSFANY CHILD OF CEO TAL TSFANY 1842 HOTEL ROOM AND TRANSPORTATION EXPENSES SCHOLARSHIP ATTENDANCE TO OCON 2025 YARON BROOK CHAIRMAN OF THE BOD 127900 SPEAKING AND TEACHING ENGAGEMENTS 0 X 22 10501721 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE BY LAWS WERE AMENDED IN JULY 2025 WITH THE FOLLOWING CHANGES: 1) CHANGE IN FISCAL YEAR END FROM SEPTEMBER 30 TO DECEMBER 31; 2) INCREASE IN MINIMUM # OF DIRECTORS FROM 4 TO 5; 3) AMENDMENT TO BY LAWS REQUIRE A 2/3 VOTE FROM PREVIOUSLY A 3/4 VOTE; 4) ADDITION OF THE CPO AS AN OFFICER 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 2,364,485. MANAGEMENT AND GENERAL EXPENSES 29,228. FUNDRAISING EXPENSES 37,169. TOTAL EXPENSES 2,430,882. FORM 990, PART XI, LINE 9: NET ASSETS ADJUSTMENT FOR 10/1/24-12/31/24 2,535,221. FUNDRAISING EXPENSES 92,273. 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 THE AYN RAND INSTITUTE THE CENTER FOR THE ADVANCEMENT OF OBJECTIVISM 1 AYN RAND MUSEUM AND ARCHIVES FOUNDATION 6 HUTTON CENTRE DRIVE 600 SANTA ANA CA 92707 922801882 HOUSE ARCHIVAL COLLECTION OF AYN RAND CA 501(C)(3) LINE 12A, I THE AYN RAND INSTITUTE THE CENTER FOR THE ADVANCEMENT OF OBJECTIVISM 1 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 1 1 0 AYN RAND MUSEUM AND ARCHIVES FOUNDATION D 5000000 AGREEMENT