Aia Foundation
- Assets
- $8.3m
- Revenue
- $794.5k
- Investments
- $4.6m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 11/2006
- Data as of
- 12/2022
- EIN
- 59-3819154
Organization Overview
Aia Foundation, operating under the name Architects Foundation, is located in Washington, DC. The organization was established in 2006. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Architects Foundation 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 12/2022, Architects Foundation generated $794.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $821.3k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ARCHITECTS FOUNDATION'S PROGRAMS HARNESS THE IRREPRESSIBLE SPIRIT OF ARCHITECTS TO SUPPORT AND EMPOWER A NEXT-GENERATION DESIGN COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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. AS A MUSEUM AND EXHIBIT SPACE, THE OLDEST PRIVATE RESIDENCE IN DC NOW HOSTS PROGRAMS DEMONSTRATING THE CULTURAL AND SOCIETAL IMPACT OF ARCHITECTS AND ARCHITECTURE, AND THE ARCHITECT'S POTENTIAL TO CREATE A JUST AND EQUITABLE SOCIETY. THE OCTAGON ALSO HOSTS EDUCATIONAL LECTURES AND EVENTS FOR PROFESSIONALS AND THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Steven Lewis Faia President | OfficerTrustee | 1 | $0 |
Bill Roschen Faia Vice President | OfficerTrustee | 1 | $0 |
Sharon Liebowitz Treasurer | OfficerTrustee | 1 | $0 |
Dan Kirby Faia Secretary | OfficerTrustee | 1 | $0 |
Kimberly Dowdell AIA Director | Trustee | 1 | $0 |
Laura Flusche Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $125,100 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $419,832 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $544,932 |
| Total Program Service Revenue | $12,487 |
| Investment income | $198,017 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,834 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $794,470 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $335,577 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,868 |
| Fees for services: Accounting | $6,003 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,702 |
| Fees for services: Other | $66,500 |
| Advertising and promotion | $3,251 |
| Office expenses | $8,581 |
| Information technology | $14,719 |
| Royalties | $0 |
| Occupancy | $138,270 |
| Travel | $24,583 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $207 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,229 |
| Insurance | $47,129 |
| All other expenses | $41,477 |
| Total functional expenses | $821,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $647,635 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $65,845 |
| Accounts receivable, net | $1,690 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,568 |
| Net Land, buildings, and equipment | $2,919,940 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,599,270 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $63,000 |
| Total assets | $8,315,948 |
| Accounts payable and accrued expenses | $130,849 |
| 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 | $0 |
| Total liabilities | $130,849 |
| Net assets without donor restrictions | $3,871,129 |
| Net assets with donor restrictions | $4,313,970 |
| 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 | $8,315,948 |
Grants Awarded
Over the last fiscal year, Aia Foundation has awarded $48,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AIA MIAMI PURPOSE: K-8 ARCHITECTURE EDUCATION | $6,000 |
AIA ALBUQUERQUE PURPOSE: K-8 ARCHITECTURE EDUCATION | $6,000 |
AIA PITTSBURGH PURPOSE: K-8 ARCHITECTURE EDUCATION | $6,000 |
MSU FOUNDATION INC PURPOSE: RESILIENCE SUPPORT | $5,000 |
FOUNDATION AT THE NEW JERSEY INSTITUTE OF TECHNOLOGY PURPOSE: RESILIENCE SUPPORT | $5,000 |
CAL POYTECHNIC STATE UNIVERSITY FOUNDATION PURPOSE: RESILIENCE SUPPORT | $5,000 |