AIP FOUNDATION

EIN: 834485064 501(c)(3) Science & Technology

COLLEGE PARK, MD

Total Revenue
$2,166,896
Total Expenses
$4,625,872
Total Assets
$17,119,452
Net Assets
$16,448,457
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
DE
Phone
3012093147
Tax Period
2024-01-01 to 2024-12-31

AIP FOUNDATION, founded in 2019, is a community nonprofit in the Science & Technology sector that reported $2.2M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $4.6M exceeded revenue, resulting in a 113% operating deficit.

Mission

THE AIP FOUNDATION IS ORGANIZED AND OPERATES EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE IRS CODE 1986.

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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 $1,703,683
Program Service Revenue $0
Investment Income $463,213
Other Revenue $0
TOTAL REVENUE $2,166,896

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $1,415,953
Program Expenses $3,041,395
Other Expenses $4,588,522
TOTAL EXPENSES $4,625,872

Year-over-Year Comparison

2024 2023 Change
Revenue $2,166,896 $2,664,186 -0.2%
Expenses $4,625,872 $3,649,666 +0.3%
Net Income $-2,458,976 $-985,480 +1.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
9
Employees
N/A
Volunteers
17

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
6
$1,632,144
Total Directors
10
$726,413
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC FURST Treasurer 6.0
Officer Director
$0 $0 $22,500
FRANCE CORDOVA Chair 8.0
Officer Director
$0 $0 $0
MICHAEL MOLONEY CEO 5.0
Officer Director
$0 $56,171 $703,913
ANNEILA SARGENT Director 4.0
Director
$0 $0 $0
EVGENI GUSEV Director 4.0
Director
$0 $0 $0
JOHN MATHER Director 4.0
Director
$0 $0 $0
JR EDWARDS Director 4.0
Director
$0 $0 $0
JULIA PHILLIPS Director 4.0
Director
$0 $0 $0
SANDEEP GIRI Director 4.0
Director
$0 $0 $0
VANESSA ELLERBE WYCHE Director 4.0
Director
$0 $0 $0
ANNA LEE EXECUTIVE DIRECTOR 32.0
Officer
$0 $48,873 $263,780
CATHERIINE SWARTZ CFO 10.0
Officer
$0 $56,171 $476,865
MELISSA PERRY SECRETARY 4.0
Officer
$0 $25,188 $165,086
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 $2,166,896 $4,625,872 $17,119,452 $-2,458,976
2023 $2,664,186 $3,649,666 $18,690,997 $-985,480
2022 $17,166,448 $1,460,935 $17,301,287 $15,705,513
2021 $1,213,393 $1,006,782 $932,385 $206,611
2020 $241,200 $846,269 $166,618 $-605,069
2019 $230,368 $220,368 $10,000 $10,000
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