The American Friends of Erhard-Jensen OntologicalPhenomenological Initiative

EIN: 463066830 501(c)(3) Education

Houston, TX

Total Revenue
$28,919
Total Expenses
$22,139
Total Assets
$28,348
Net Assets
$28,348
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
TX
Principal Officer
Terry Giles
Phone
8444233564
Tax Period
2024-01-01 to 2024-12-31

The American Friends of Erhard-Jensen OntologicalPhenomenological Initiative, founded in 2013, is a micro nonprofit in the Education sector that reported $29K in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7K, a strong 23% operating margin.

Mission

The primary purpose of the American Friends of the Erhard-Jensen Ontological/Phenomenological Initiative referred to as The Initiative is to stimulate and support research into the study and teaching of the ontological/phenomenological laws of human nature and human behavior, and the impact of these laws on life, living, and self. The Initiative also stimulates and supports research into the application of the ontological/phenomenological laws to the lives of individuals and human entities to reliably and significantly elevate human performance and quality of life. this includes all areas of living across the entire spectrum of human activity such as individuals, families, and public & private organizations such as partnerships, corporations, non-profit & educational entities and public agencies & governmental entities. The Initiative also brings the ontological/phenomenological model and methodology to education-including research, course development, and teaching. Finally, The Initia

Program Service Accomplishments

Program 1

WERNER ERHARD LIBRARY FOR LEADERSHIP STUDIES: On June 5, 2024 California State University at Fullerton broke ground on the building that will house the Erhard Institute for Leadership Studies, and...

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WERNER ERHARD LIBRARY FOR LEADERSHIP STUDIES: On June 5, 2024 California State University at Fullerton broke ground on the building that will house the Erhard Institute for Leadership Studies, and will make Werner Erhard's work available for academic research, and be the "home" for the Werner Erhard and Michael C. Jensen course "Being A Leader and the Effective Exercise of Leadership: An Ontological / Phenomenological Model".

Program 2

FUNDRAISING FOR THE WERNER ERHARD LIBRARY FOR LEADERSHIP STUDIES: A group of volunteers, led by the Chairman of the Board, are actively raising funds for the Erhard Institute for Leadership Studies...

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FUNDRAISING FOR THE WERNER ERHARD LIBRARY FOR LEADERSHIP STUDIES: A group of volunteers, led by the Chairman of the Board, are actively raising funds for the Erhard Institute for Leadership Studies. During 2024 they continued to identify persons familiar with Erhard's work, developed lists of potential donors, and continued fundraising activities.

Program 3

ACADEMIC RESEARCH AND TEACHING: More than 50 institutions worldwide teach the Werner Erhard and Michael C. Jensen course "Being A Leader and the Effective Exercise of Leadership: An Ontological /...

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ACADEMIC RESEARCH AND TEACHING: More than 50 institutions worldwide teach the Werner Erhard and Michael C. Jensen course "Being A Leader and the Effective Exercise of Leadership: An Ontological / Phenomenological Model or a version of it. Faculty at those institutions continue to conduct research into the efficacy of the ontological and phenomenological principles behind the Leadership Course.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $28,919
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $28,919

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $22,139
TOTAL EXPENSES $22,139

Year-over-Year Comparison

2024 2023 Change
Revenue $28,919 $18,738 +0.5%
Expenses $22,139 $23,198 0.0%
Net Income $6,780 $-4,460 -2.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
16

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Terry Giles President 1.00
Officer Director
$0 $0 $0
Gary Grace Treasurer 1.00
Officer Director
$0 $0 $0
Robert Chester Secretary 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $28,919 $22,139 $28,348 $6,780
2023 $18,738 $23,198 $21,568 $-4,460
2022 $24,794 $21,881 $26,028 $2,913
2021 $25,654 $25,555 $23,165 $99
2020 $17,513 $40,106 $23,016 $-22,593
2019 $69,535 $57,267 $45,609 $12,268
2018 $28,740 $61,538 $33,341 $-32,798
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