Academy Research and Development
ARDI stewards donated endowments to sustain future American air and space power, enhancing faculty quality and cadet education at the United States Air Force Academy.
Key facts about Academy Research and Development
- EIN
- 74-2378230
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $17,250
- Grants made (2025)
- 1
- Average grant
- $17,250
- Median grant
- $17,250
- Total assets
- $56,457,172
- Primary geography
- Colorado (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Next steps with Academy Research and Development
- How to evaluate Academy Research and Development as a funder
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Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$56.5M
+11.4% YoY
Annual Giving
$17K
Grant Count
1
Avg Grant Size
$17K
About Academy Research and Development
Based on IRS filings
Academy Research and Development is a nonprofit organization, based in Colorado Springs, CO. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $56.5M in total assets. In 2025, it awarded 1 grant totaling $17K. Net investment income was $3.3M.
Ready to take the next step with Academy Research and Development?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2025 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $56,457,172 | $50,657,188 | $44,203,625 |
| Revenue | $4,198,912 | $5,309,684 | $-1,003,542 |
| Expenses | $2,464,893 | $2,411,302 | $2,102,200 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $3,327,946 | $4,756,223 | $-1,300,738 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2025
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include United States Air Force Academy Foundation ($17,250).
| Recipient | Purpose | Amount |
|---|---|---|
| United States Air Force Academy Foundation USAF Academy, CO | Program support | $17,250 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Christopher D Miller | CEO | 20 | — |
| Dana Montgomery | COO | 40 | $145,500 |
| Michael Erdle | Chairman | 5 | — |
| Terry Erdle | Treasurer | 3 | — |
| Bob Edmonds | Board Member | 5 | — |
| Rick Pyatt | Board Member | 5 | — |
| Jack Catton | Board Member | 5 | — |
Frequently Asked Questions
How large is Academy Research and Development?
As of 2025, Academy Research and Development holds $56.5M in total assets with $4.2M in annual revenue. It awarded 1 grant totaling $17K in 2025.
Where does Academy Research and Development operate?
Academy Research and Development has awarded grants in Colorado.
What size grants does Academy Research and Development award?
In 2025, Academy Research and Development awarded 1 grant totaling $17K — an average of about $17K per grant, based on its IRS Form 990 filings.
What is Academy Research and Development's EIN?
Academy Research and Development's EIN (Employer Identification Number) is 74-2378230. IRS Form 990 filing data is available on this page for 2021–2025.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.