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.
Academy Research and Development at a glance
In short: Academy Research and Development gave $17K across 1 grant in 2025 (avg $17K), mostly in Colorado. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $17,250
- Grants made (2025)
- 1
- Average grant
- $17,250
- Median grant
- $17,250
- Total assets
- $56,457,172
- +11.4% vs 2024
- Primary geography
- Colorado (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Academy Research and Development funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was United States Air Force Academy Foundation ($17K).
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2025 it made 1 grant totaling $17K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| United States Air Force Academy Foundation USAF Academy, CO | Program support | $17,250 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $56,457,172 | $4,198,912 | $2,464,893 | $17,250 | 1 | $3,327,946 |
| 2024 | $50,657,188 | $5,309,684 | $2,411,302 | — | — | $4,756,223 |
| 2023 | $44,203,625 | $-1,003,542 | $2,102,200 | — | — | $-1,300,738 |
| 2022 | $40,306,897 | $9,299,403 | $2,710,625 | — | — | $8,949,403 |
| 2021 | $44,885,190 | $6,317,720 | $1,912,876 | — | — | $5,862,207 |
About Academy Research and Development
Based on IRS filings
Academy Research and Development is a public charity, 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.
Leadership & Key People
Officers and directors from IRS filings
Academy Research and Development is led by Christopher D Miller, CEO on the 2025 filing; 1 of 7 officers listed in 2025 is compensated.
Officers on the 2025 filing
Christopher D Miller
CEO
New on the 2025 filing
20 hrs/week
No compensation reported
Michael Erdle
Chairman
Chairman → Chairman & CEO, 2024
Chairman & CEO → Chairman, 2025
On filings since 2021
5 hrs/week
No compensation reported
Dana Montgomery
COO
Vice President → Director & Vice President, 2022
Vice President & Director → COO, 2025
On filings since 2021
40 hrs/week
$103K (2021) → $146K (2025)
Bob Edmonds
Board Member
Director → Board Member, 2025
On filings since 2021
5 hrs/week
No compensation reported
Jack Catton
Board Member
Director → Board Member, 2025
On filings since 2021
5 hrs/week
No compensation reported
Rick Pyatt
Board Member
Director → Board Member, 2025
On filings since 2021
5 hrs/week
No compensation reported
Terry Erdle
Treasurer
Vice Chairman → Treasurer & Director, 2024
Treasurer & Director → Treasurer, 2025
On filings since 2021
3 hrs/week
No compensation reported
Former officers (1)
- Former: Chris Miller (2021–2024) — Director
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $146K, to Dana Montgomery (COO).
Frequently asked questions about Academy Research and Development
How much does Academy Research and Development give each year?
Academy Research and Development gave $17K across 1 grant in 2025, according to its 2025 IRS Form 990.
How large is Academy Research and Development?
Academy Research and Development reported $56.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $4.2M.
Where does Academy Research and Development operate?
Academy Research and Development has awarded grants in Colorado.
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.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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Dorene and Lee Butler Family Foundation
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Figures come from Academy Research and Development's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Academy Research and Development down — hundreds of funders to go?