ARDA International Foundation Inc

ARDA International Foundation Inc is a 501(c)(3) nonprofit organization focused on research and education within the timeshare industry. Founded as an extension of the American Resort Development Association (ARDA), it was established to enhance knowledge and understanding of the vacation ownership sector.

Mission and Activities

The foundation's mission is to conduct, support, and disseminate research and technical studies that improve public and industry knowledge about timeshares. Key initiatives include the Economic Impact Study and Financial Performance Study, which aim to provide valuable insights into the industry's operations and financial health. Additionally, ARDA International Foundation Inc develops educational resources designed to optimize the value, service, and acceptance of vacation ownerships for both the public and industry professionals.

Financial Overview

As of recent financial filings, ARDA International Foundation Inc has reported significant revenues from program services and investment income. For example, in the fiscal year ending December 2022, the organization's revenue was approximately $839,373, with a substantial portion coming from program services and investment income[1][2]. The foundation maintains a strong financial position, with total assets exceeding $9 million as of 2023[2].

Grants and Funding

In addition to its research activities, ARDA International Foundation Inc also engages in grant-making. In 2023, the foundation provided over $38,000 in grants, reflecting its commitment to supporting initiatives aligned with its mission[4].

Community Impact

Through its work, ARDA International Foundation Inc plays a crucial role in shaping industry practices and improving community understanding of vacation ownership. By fostering innovation and enhancing industry knowledge, the organization contributes significantly to community improvement and capacity building within the timeshare sector[1][3].

Classification

ARDA International Foundation Inc is classified under the category of community improvement, capacity building, and promotion of business, reflecting its role in enhancing the timeshare industry's educational resources and operational effectiveness[2].