Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2022.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
10 people listed on the 990; $2.4M paid to officers and key staff (Part VII, Section A).
Joe Kyser’s $425K as Board Member is at the 69th percentile of top reported officer pay among 232 $10–100M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Joe Kyser | $425,000 | $229,167 | — | — |
| Matthew Carpenter | $400,000 | $400,000 | $400,000 | $183,333 |
| John Forehand | $283,333 | $250,000 | $250,000 | $126,042 |
| Rob Reed | $252,500 | — | — | — |
| Joseph Cardone | $233,750 | $154,375 | — | — |
| Michael Nelson | $227,180 | $154,375 | — | — |
| Michael Colesanti | $200,938 | — | — | — |
| Andrew Leach | $188,125 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Andeco Institute executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Connects government and industry to speed data collection and vetting.
Questions for Andeco Institute
Your first name shows with your question. Andeco Institute answers here, for everyone.
Andeco leverages experience in commercial industry, along with expertise in government contracting, to establish and manage a consortium environment where the U.S. Government and industry work jointly with speed and precision.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 86-2787128) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $541K | $12.0M |
| Land, buildings, equipmentLn 10c | $0 | $2K |
| Total assetsLn 16 | $3.9M | $12.1M |
| LiabilitiesLn 26 | $3.8M | $4.1M |
| Net assetsLn 32 | $9K | $8.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $1.4M | $1.4M | ||
| Other salaries and wagesLn 7 | $2.8M | $2.8M | ||
| Payroll taxesLn 10 | $233K | $233K | ||
| Legal feesLn 11b | $34K | $34K | ||
| Accounting feesLn 11c | $59K | $59K | ||
| Other fees for servicesLn 11g | $54.6M | $54.6M | ||
| Office expensesLn 13 | $169K | $169K | ||
| Information technologyLn 14 | $1.4M | $1.4M | ||
| TravelLn 17 | $228K | $228K | ||
| Depreciation, depletion and amortizationLn 22 | $4K | $4K | ||
| InsuranceLn 23 | $185K | $185K | ||
| Other expenses (24a–d)Ln 24 | $38K | $38K | ||
| Total functional expensesLn 25 | $61.1M | $61.1M | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Nov 7, 2025 | $69.1M | $61.1M | $8.0M | $8.0M | 990 PDF |
| FY2023Filed with the IRS Jun 6, 2024 | $59.1M | $59.0M | $8K | $9K | 990 PDF |
| FY2022Filed with the IRS Aug 9, 2023 | $40.7M | $40.7M | $2K | $2K | 990 PDF |
| FY2021Filed with the IRS Feb 10, 2023 | $9.9M | $9.9M | $0 | $0 | 990 PDF |
Schedules filed Part IV
See the full FY2024 990
Part I · Summary $69,105,617 revenue, 12 lines filed
Part VI · Governance 3 of 3 board members independent, no flags
Part VIII · Statement of revenue $69,105,617 across 2 lines filed
Part IX · Statement of functional expenses $61,097,606 across 12 lines filed
Part X · Balance sheet $12,076,158 assets, 11 lines filed
Part XI · Reconciliation of net assets $8,017,459 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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