Afsa Education Foundation
- Assets
- $9.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 04/1990
- Data as of
- 12/2021
- 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 12/2021, Afsa Education Foundation generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $765.1k during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 7 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
2021
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 AFSAEF LEADERSHIP DEVELOPMENT PROGRAM WAS HELD AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL WITH 30 PARTICIPANTS FROM 9 AFSA MEMBER COMPANIES. SESSIONS FOCUSED ON MANAGING AND LEADING, STRATEGY ISSUES, ETHICS, DEVELOPING AND DELIVERING PROFESSIONAL PRESENTATIONS, TEAM BUILDING, NEGOTIATIONS, CHANGE SIMULATION, INDUSTRY UPDATE, AND C-SUITE LEADER PERSPECTIVES. THE EDGE - EDUCATION, DEVELOPMENT, GROWTH AND ENRICHMENT PROGRAM WAS HELD AT MERCER UNIVERSITY IN ATLANTA WITH 88 REGISTERED PARTICIPANTS FROM 21 AFSA MEMBER COMPANIES. THE INDUSTRY'S TOP EXECUTIVES AND SUBJECT MATTER EXPERTS TAUGHT 19 DIFFERENT SESSIONS WITH TOPICS RANGING FROM TIME MANAGEMENT TO LEADERSHIP. A CULMINATING ACTIVITY INCLUDED C-SUITE PANELISTS SHARING THEIR PERSONAL PATHS TO SUCCESS.
MONEYSKILL - AN ONLINE PERSONAL FINANCE COURSE WITH 37 MODULES IN ENGLISH & SPANISH, EDUCATES STUDENTS ON BASIC 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 USED AS ALL OR PART OF A PERSONAL FINANCE COURSE FOR STUDENTS IN MIDDLE SCHOOL, HIGH SCHOOL, OR COLLEGE. AFSA EDUCATIONAL FOUNDATION CONDUCTED A FULL CURRICULUM REVIEW & UPDATE, EXPANDED AN AMBASSADOR PROGRAM, & CONDUCTED OUTREACH TO OVER 17,000 INDIVIDUALS VIA CONFERENCES & ORGANIZATION COLLABORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Olivia Dibiase Dir. Of Financial Education & Outreach | 37.5 | $102,303 | |
Jonathon L Levin Vice-Chair | OfficerTrustee | 0.5 | $0 |
Virginia C Herring Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
James Schneider Chair | OfficerTrustee | 0.5 | $0 |
Rhonda K Ashburn Executive Director | Officer | 37.5 | $0 |
Ann Bybee 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 | $249,140 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $249,140 |
| Total Program Service Revenue | $388,500 |
| Investment income | $434,368 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $639,448 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,711,456 |
| 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 | $102,303 |
| Pension plan accruals and contributions | $7,282 |
| Other employee benefits | $35,385 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $428 |
| Fees for services: Accounting | $12,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,021 |
| Fees for services: Other | $88,624 |
| Advertising and promotion | $0 |
| Office expenses | $10,647 |
| Information technology | $52,286 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,285 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $163,996 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,148 |
| Insurance | $5,842 |
| All other expenses | $0 |
| Total functional expenses | $765,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $331,430 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,249 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $44,135 |
| Investments—publicly traded securities | $9,522,815 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,903,629 |
| Accounts payable and accrued expenses | $8,831 |
| Grants payable | $0 |
| Deferred revenue | $103,500 |
| 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 | $67,022 |
| Total liabilities | $179,353 |
| Net assets without donor restrictions | $1,977,818 |
| Net assets with donor restrictions | $7,746,458 |
| 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 | $9,903,629 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Afsa Education Foundation has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Truist Foundation Inc Orlando, FL PURPOSE: GENERAL OPERATING | $25,000 |
Fred And Donna Nives Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $6,974,663 |
| Earnings | $848,342 |
| Net Contributions | $10,088 |
| Other Expense | $330,660 |
| Ending Balance | $7,502,433 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Business Partnership Inc Springfield, VA | $2,560,570 | $55,247,461 |
The Virginia Arts Festival Inc Norfolk, VA | $42,180,047 | $13,814,301 |
National Business Officers Association Inc Washington, DC | $10,181,383 | $5,458,138 |
The Museum Of Language Arts Incorporated Washington, DC | $22,277,823 | $2,812,502 |
American Council Of Trustees And Alumni Washington, DC | $7,091,133 | $4,080,282 |
National Academy Of Education Washington, DC | $13,224,387 | $700,923 |
The Memorial Foundation Washington, DC | $1,841,102 | $3,723,853 |
Downtown Columbia Arts And Culture Commission Inc Columbia, MD | $56,227,844 | $6,192,561 |
Chorus America Association Washington, DC | $2,563,365 | $1,205,440 |
International Critical Incident Stress Foundation Inc Ellicott City, MD | $1,604,340 | $2,401,353 |
American Association Of People With Disabilities Washington, DC | $6,573,327 | $4,673,806 |
Due Process Of Law Foundation Washington, DC | $1,656,408 | $2,339,896 |