Aia Foundation EIN 59-3819154 Form 990 (PDF) Claim this org

Aia Foundation FY2023 filing

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Empowers and supports a new generation of architects through design community programs. For fiscal year 2023 it reported $843K in revenue, $846K in expenses, and $8.6M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Washington, DC
Website
www.architectsfoundation.org
Filings
5 on file (2020–2023)
Revenue
$843KFY2023
Expenses
$846K
Net assets
$8.6M
People
14
Filings
5
Updates
0
More identity details & actions ⌄
EIN  59-3819154 Public charity (501(c)(3)) Washington, DC
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Empowers and supports a new generation of architects through design community programs.
Leadership
R Steven Lewis Faia · President
Money in and out
$843K revenue, $846K expenses
Bottom line
63% program efficiency
Where the money goes · FY2023
Total revenue
$843K
Pt VIII · Ln 12
Total expenses
$846K
Pt IX · Ln 25
Net assets
$8.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$4K
Where spending went · Part IX cols B–D
Program services $0.63 Management & general $0.17 Fundraising $0.20
Program efficiency
63%
of spending reaches programs
Operating runway
81.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-0.5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$843K
FY2023▲ +6%
Expenses
$846K
FY2023▲ +3%
Total assets
$8.7M
FY2023▲ +5%
Total liabilities
$83K
FY2023▼ -36%
Total revenue
$843K
Pt VIII · Ln 12
Total expenses
$846K
Pt IX · Ln 25
Net assets
$8.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$4K
Total assetsPt X · Ln 16$8.7M
Program-expense ratioPt IX · col B63%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAia Foundation
EINHdr · item D59-3819154
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.architectsfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B03)
Ruling yearIRS BMFNov 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Aia Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

2 program services account for $536K of program spending, described in the organization's own filed words · FY2023.
01

Scholarships, Grants and Diversity

In order to support the next generation of architects, every year, the foundation awards thousands of dollars in architecture scholarships and professional development grants to high school and undergraduate students, architect registration exam (are) candidates, and licensed architects pursuing enrichment opportunities.

$355Kprogram expense
02

Octagon Museum Ownership and Management

The architects foundation is the owner and manager of the "octagon" building, an historic structure located in washington, DC. The foundation operates the octagon as a museum, art gallery, and showcase.

$180Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$537K · 64%
Investment income$252K · 30%
Program service revenue$35K · 4%
Other revenue$19K · 2%
Contributions & grants64%$537K
Investment income30%$252K
Program service revenue4%$35K
Other revenue2%$19K
Total revenueLn 12$843K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.63 Management & general $0.17 Fundraising $0.20
Program services63%$536K
Management & general17%$144K
Fundraising20%$167K
Total functional expensesLn 25$846K

Balance Sheet

Part X · end of year
CashLn 1$585K
Total assetsLn 16$8.7M
Total liabilitiesLn 26$83K
Total net assetsLn 32$8.6M
Months of cash on handcomputed8.3

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $5.7M · Operating expenses/yr $846K
81.0 months
Where the money goes
Program services
Program services $536K · Total expenses $846K
63%
Management & General
Management & general $144K · Total expenses $846K
17%
Fundraising
Fundraising $167K · Total expenses $846K
20%
Cost to raise $1
Fundraising expense (3-yr avg) $66K · Solicited contributions (3-yr avg) $610K
$0.11 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $537K · Total revenue $843K
64%
Government reliance
Government grants — · Total revenue $843K
Earned-income share
Program service revenue $35K · Total revenue $843K
4%
Investment reliance
Investment income $252K · Total revenue $843K
+30%
Program self-sufficiency
Program service revenue $35K · Total expenses $846K
4%
Growth & trend
Revenue growth (YoY)
This year $843K · Prior year $794K
+6%
Net-asset trend (YoY)
End of year $8.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $843K · Expenses $846K
-0.5%
Liabilities-to-Assets
Total liabilities — · Total assets $8.7M
Net-asset ratio
Net assets $8.6M · Total assets $8.7M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $5.1M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $8.7M
59%
People & payroll
Highest Reported Total Compensation
Individual R Steven Lewis Faia · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $846K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $846K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 63%
Overhead ratio 17%
Fundraising cost ratio 31%
Revenue growth 6%
Investment management fee ratio 0.2%
Legal fee ratio 0.4%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 37 grants · $1.2M · 2020–2024
Unitemized GrantFY2024$142,000
Unitemized GrantFY2024$25,180
Unitemized GrantFY2024$19,100
Unitemized GrantFY2024$10,000
Unitemized GrantFY2024$5,000
Unitemized GrantFY2024$5,000
Unitemized GrantFY2024$4,500
Unitemized GrantFY2024$3,500
Unitemized GrantFY2024$2,010
Unitemized GrantFY2023$150,000
Unitemized GrantFY2023$19,100
Unitemized GrantFY2023$17,036
Unitemized GrantFY2023$10,000
Unitemized GrantFY2023$10,000
Unitemized GrantFY2023$5,000
Unitemized GrantFY2023$5,000
Unitemized GrantFY2023$3,469
See all 37 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$997K revenue · ⤓ 990 PDF
FY2023$843K revenue · viewing · ⤓ 990 PDF
FY2022$794K revenue · ⤓ 990 PDF
FY2021$1.3M revenue · ⤓ 990 PDF
FY2020$826K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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