Ayn Rand Institute The Center For The Advancement Of Objectivism
- Assets
- $17.6m
- Revenue
- $17.1m
- Investments
- $0.0
- Employees
- 40
- Location
- Santa Ana, CA
- Founding
- 05/1987
- Data as of
- 09/2021
- EIN
- 22-2570926
Organization Overview
Ayn Rand Institute The Center For The Advancement Of Objectivism is located in Santa Ana, CA. The organization was established in 1987. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Ayn Rand Institute The Center For The Advancement Of Objectivism employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ayn Rand Institute The Center For The Advancement Of Objectivism is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Ayn Rand Institute The Center For The Advancement Of Objectivism generated $17.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $8.2m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
UNDERSTANDING OF AYN RAND'S WORKS AND TO FIND AND TRAIN THE NEW INTELLECTUALS TO TEACH HER PHILOSOPHY OF OBJECTIVISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUTREACH PROGRAMS: IN 2021, WE DISTRIBUTED APPROXIMATELY 350K FREE BOOKS TO CLASSROOMS ALL OVER THE COUNTRY AND SENT SPEAKERS OVER VIDEO CHAT TO DOZENS OF CLASSROOMS TO ENGAGE STUDENTS DIRECTLY. WE HOSTED WEEKLY WEBINARS WITH OUR INTELLECTUAL TEAM CHOOSING TOPICS OF RELEVANCE TO MODERN TIMES AND THE WORKS OF AYN RAND. OUR BOOKS FOR TEACHERS PROGRAM INTRODUCED EBOOKS DISTRIBUTED THROUGH GOOGLE PLAY, SIGNIFICANTLY INCREASING THE REACH OF OUR EBOOK PROGRAM. WE POSTED 208 NEW VIDEOS TO OUR YOUTUBE CHANNEL, WHICH GREW TO ALMOST 77K SUBSCRIBERS. AMONG THE MANY NEW VIDEOS WERE NUMEROUS LECTURES FROM COURSES RANGING FROM HISTORY AND PHILOSOPHY TO ART AND CULTURAL ISSUES. OUR CHANNEL RECEIVED OVER 2.3 MILLION VIEWS TOTAL THIS YEAR, WITH THE MIKE WALLACE INTERVIEW OF AYN RAND RECEIVING 625K VIEWS. TWO MAJOR CONFERENCES WERE HELD: ARC-USA IN NOV 20 AND ARC GLOBAL IN MAR 21. NEW IDEAL PUBLISHED 148 ARTICLES AND PODCASTS IN FY21, APPLYING OBJECTIVISM TO EXPLAIN MAJOR ISSUES IN THE CULTURE.
EDUCATIONAL PROGRAMS: THE ARI CAMPUS/THE AYN RAND UNIVERSITY COURSE VIDEOS WAS VIEWED OVER 168K TIMES. A DOZEN NEW COURSES WERE ADDED TO THE GROWING CATALOG OF ON-DEMAND CONTENT IN FY21. WE TAUGHT 9 COLLEGE-LEVEL COURSES TOTALING 276 COURSE HOURS TO 170 UNIQUE PARTICIPANTS. OUR ANNUAL ESSAY CONTEST SUBMISSION TOTALED APPROXIMATELY 4,800.
OTHER: DURING FY21, THE AYN RAND ARCHIVES MADE LARGE STRIDES TOWARD IMPLEMENTING A NEW COLLECTION MANAGEMENT SYSTEM, A DATABASE THAT WILL TRACK THE HOLDINGS OF THE ARCHIVES, INCLUDING ALL DIGITIZED MATERIAL. AS OF 2022, THE LETTERS OF AYN RAND ONLINE EXHIBIT MAKES ALMOST 600 LETTERS THAT AYN RAND WROTE DURING HER LIFETIME AVAILABLE TO THE PUBLIC. FURTHER DIGITIZED MATERIAL WILL BE MADE AVAILABLE TO THE PUBLIC IN THE FUTURE. THE ARI ESTORE (ESTORE.AYNRAND.COM) CONTINUED TO PUBLISH AND SELL HUNDREDS OF DOWNLOADABLE RECORDINGS ON OBJECTIVISM AND RELATED TOPICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tal Tsfany President & Ceo, Member | OfficerTrustee | 45 | $496,699 |
Carla Silk VP Of Fundraising | 45 | $214,103 | |
Onkar Ghate Chief Phil. Officer, Member | Officer | 45 | $190,477 |
Keith Lockitch VP Of Ed & Sr. Fellow | 45 | $151,463 | |
Elan Journo Director And Sr. Fellow | 45 | $144,873 | |
Anu Seppala Director Cultural Outreach | 45 | $125,096 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Breoc Griffin Llc Rent At 6 Hutton Centre | 9/29/21 | $763,069 |
Kaizennovations Llc It Contractor - Website/app Dev. | 9/29/21 | $231,005 |
Armed Forces Benefit Association Rent At 901 N Washington, Alexandria, Va | 9/29/21 | $116,936 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,917,161 |
| Noncash contributions included in lines 1a–1f | $286,474 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,917,161 |
| Total Program Service Revenue | $167,864 |
| Investment income | $996 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,221 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,520 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,085,722 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $64,382 |
| Grants and other assistance to Foreign Orgs/Individuals | $48,503 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $825,304 |
| Compensation of current officers, directors, key employees. | $58,933 |
| Compensation to disqualified persons | $742,329 |
| Other salaries and wages | $1,946,167 |
| Pension plan accruals and contributions | $64,038 |
| Other employee benefits | $219,686 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $89,121 |
| Fees for services: Accounting | $64,205 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $287,759 |
| Advertising and promotion | $74,241 |
| Office expenses | $212,417 |
| Information technology | $293,971 |
| Royalties | $10,436 |
| Occupancy | $825,873 |
| Travel | $172,465 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $195,922 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,458 |
| Insurance | $30,694 |
| All other expenses | $0 |
| Total functional expenses | $8,161,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $360,608 |
| Savings and temporary cash investments | $837,605 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $133,232 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $41,080 |
| Prepaid expenses and deferred charges | $9,212 |
| Net Land, buildings, and equipment | $77,091 |
| Investments—publicly traded securities | $83,035 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,078,804 |
| Total assets | $17,620,667 |
| Accounts payable and accrued expenses | $1,549,666 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,658,473 |
| Total liabilities | $5,208,139 |
| Net assets without donor restrictions | $3,775,877 |
| Net assets with donor restrictions | $8,636,651 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,620,667 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Ayn Rand Institute The Center For The Advancement Of Objectivism has recieved totaling $290,823.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $61,039 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,000 |
Fjc New York, NY PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,000 |
David And Janet Polak Foundation Wilmington, DE PURPOSE: FREE BOOKS TO TEACHERS PROGRAM, ARC-I'S WORK IN ISRAEL, AND FUNDING TO DEVELOP AN ESSAY-CONTEST APPEAL TO SCHOOLS IN THE LA AREA | $37,500 |
Community Foundation Of Collier County Naples, FL PURPOSE: EDUCATION | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $16,900 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ayn Rand Institute The Center For The Advancement Of Objectivism Santa Ana, CA | $17,620,667 | $17,085,722 |
Claremont Inst For The Study Of Statesmanship & Polit Philosophy Upland, CA | $14,003,298 | $9,466,224 |
California Humanities Oakland, CA | $2,781,512 | $6,891,682 |
Aha Punana Leo Hilo, HI | $23,875,245 | $6,915,753 |
Partners Asia Oakland, CA | $6,552,828 | $5,792,880 |
Literary Arts Inc Portland, OR | $14,485,873 | $11,203,520 |
Library Foundation Inc Serving The People Of Multnomah County Portland, OR | $22,669,861 | $3,134,177 |
Get Lit Words Ignite Inc Los Angeles, CA | $1,330,397 | $2,322,954 |
Society For Creative Anachronism Inc San Jose, CA | $6,483,503 | $1,391,085 |
Asian Pacific Institute On Gender-Based Violence Oakland, CA | $515,688 | $1,708,443 |
Wang Mo-Jen & Wang Chou An-Yi World Chinese Literature Prize Foundati San Francisco, CA | $2,890,895 | $451,863 |
Arizona Humanities Council Phoenix, AZ | $662,934 | $1,414,820 |