The Allied Educational Foundation is an IRS Code 501(c)(3) charitable and educational foundation, governed by a Board of Trustees and an Executive Committee. The day-to-day business of the Allied Educational Foundation is conducted by the Administrator and Executive Committee of the Foundation. The Executive Committee consists of the Chairman, and two Trustees and the Administrator of the Fund. Currently, the Chairman also serves as Administrator. Executive Committee meetings are held monthly.

Newman and Cohen, CPA, were engaged to conduct an independent examination of all the activities of the Allied Educational Foundation. An audit was made in accordance with general accepted standards, and accordingly, included such tests of the account records, and such auditing procedures as is considered necessary in the circumstances. All security and investment transactions were reviewed and appropriately checked. The Minutes of the Trustees’ meetings were checked against procedures established and expenditures made in the implementation of the various projects instituted during the year. Income and expenditures are detailed in the certified financial report.

Financial statements for the Allied Educational Foundation in 2014 can be accessed below. Documents will be downloaded in PDF format and you will need Adobe Reader to view the files.