Afsa Education Foundation
- Assets
- $9.7m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 04/1990
- Data as of
- 12/2023
- EIN
- 52-1673101
Organization Overview
Afsa Education Foundation is located in Washington, DC. The organization was established in 1990. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Afsa Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Afsa Education Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $912.9k during the year ending 12/2023. While expenses have increased by 2.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF AMERICAN FINANCIAL SERVICES ASSOCIATION EDUCATION FOUNDATION (AFSAEF) IS TO EDUCATE CONSUMERS OF ALL AGES ON PERSONAL FINANCE CONCEPTS AND HELP THEM REALIZE THE BENEFITS OF RESPONSIBLE MONEY MANAGEMENT WHILE GAINING A BETTER UNDERSTANDING OF THE CREDIT PROCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT DEVELOPMENT PROGRAMS - THE AFSA EDUCATION FOUNDATION LEADERSHIP DEVELOPMENT PROGRAM WAS HELD NEAR THE UNIVERSITY OF NORTH CAROLINA IN CHAPEL HILL WITH 39 PARTICIPANTS FROM 13 AFSA MEMBER COMPANIES. SESSIONS FOCUSED ON MANAGING & LEADING STRATEGY, LEADERSHIP & MANAGEMENT SELF-AWARENESS, INCLUSIVE LEADERSHIP, ETHICAL LEADERSHIP, TEAM BUILDING, NEGOTIATIONS, LEADING & MANAGING CHANGE, & INDUSTRY UPDATES. THE EDGE (EDUCATION, DEVELOPMENT, GROWTH, & ENRICHMENT) PROGRAM WAS HELD AT MERCER UNIVERSITY IN ATLANTA WITH 88 PARTICIPANTS FROM 13 AFSA MEMBER COMPANIES. THE INDUSTRY'S TOP EXECUTIVES & SUBJECT MATTER EXPERTS TAUGHT 20 DIFFERENT SESSIONS WITH TOPICS RANGING FROM TIME MANAGEMENT TO LEADERSHIP. A CULMINATING ACTIVITY INCLUDED C-SUITE PANELISTS SHARING THEIR PATHS TO SUCCESS.
MONEYSKILL - AN ONLINE PERSONAL FINANCE COURSE WITH 37 MODULES IN ENGLISH & SPANISH, EDUCATES STUDENTS ON THE MONEY-MANAGEMENT FUNDAMENTALS & IS AVAILABLE TO EDUCATORS AT NO COST. THE CURRICULUM INCLUDES CONTENT AREAS OF INCOME, EXPENSES, SAVINGS & INVESTMENT, CREDIT & INSURANCE, & MORE. THE CURRICULUM IS DESIGNED TO BE PART OF A PERSONAL FINANCE COURSE FOR MIDDLE SCHOOL, HIGH SCHOOL, COLLEGE, & BEYOND. AFSA EDUCATION FOUNDATION CONDUCTED OUTREACH WITH ENGAGEMENT, PROMOTION, & TEACHER TRAINING AT 17 CONFERENCES & THROUGH SOCIAL MEDIA & DIGITAL CAMPAIGNS REACHED OVER 4.6 MILLION IMPRESSIONS RESULTING IN A 44% INCREASE IN NEW INSTRUCTORS. AN IMPACT EVALUATION HIGHLIGHTED 90% OF STUDENTS SEE IMPROVEMENTS IN FINANCIAL KNOWLEDGE & A GAIN OF 65% WHEN COMPARING PRE & POST- TESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rex J Ellison Director | Trustee | 0.5 | $0 |
Jonathon L Levin Vice-Chair | OfficerTrustee | 0.5 | $0 |
Ann Bybee Director | Trustee | 0.5 | $0 |
Shunda Robinson Director | Trustee | 0.5 | $0 |
Kevin James Cullum Director | Trustee | 0.5 | $0 |
Frederick W Geissinger Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $332,388 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $332,388 |
| Total Program Service Revenue | $590,660 |
| Investment income | $223,320 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $239,550 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,385,918 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,375 |
| Pension plan accruals and contributions | $7,581 |
| Other employee benefits | $39,015 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,019 |
| Fees for services: Accounting | $11,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,398 |
| Fees for services: Other | $97,338 |
| Advertising and promotion | $0 |
| Office expenses | $19,057 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $26,453 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $250,918 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,595 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $912,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,848 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,800 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25 |
| Net Land, buildings, and equipment | $13,542 |
| Investments—publicly traded securities | $9,483,448 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,715,663 |
| Accounts payable and accrued expenses | $10,500 |
| Grants payable | $0 |
| Deferred revenue | $1,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $32,973 |
| Total liabilities | $44,973 |
| Net assets without donor restrictions | $2,393,652 |
| Net assets with donor restrictions | $7,277,038 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,715,663 |