Association Of Small Foundations
- Assets
- $6.6m
- Revenue
- $5.3m
- Investments
- $2.9m
- Employees
- 18
- Location
- Washington, DC
- Founding
- 02/1996
- Data as of
- 12/2021
- EIN
- 65-0617866
Organization Overview
Association Of Small Foundations, operating under the name Exponent Philanthropy, is located in Washington, DC. The organization was established in 1996. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Exponent Philanthropy employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Exponent Philanthropy 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, Exponent Philanthropy generated $5.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. 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
BUILD AND STRENGTHEN SMALL-STAFF PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDES OPPORTUNITIES FOR LEAN FUNDERS TO BECOME INCREASINGLY KNOWLEDGEABLE AND EFFECTIVE THROUGH RESEARCH THAT INFORMS EDUCATION PROGRAMS AND RICH LIBRARY OF PUBLICATIONS, TOOLS, AND RESOURCES, INCLUDING: ESSENTIALS MAGAZINE, AN ANNUAL FOUNDATION OPERATIONS AND MANAGEMENT REPORT, FOUNDATION GUIDEBOOK, TRUSTEE HANDBOOK, DIGITAL REPORTS, ASSESSMENTS, Q&A SERVICE, ANNUAL CONFERENCE, WEBINARS, AND COHORTS. THE ASSOCIATION'S MEMBERS ARE THE EXPERTS IN EVERY ASPECT OF WHAT IT MEANS TO PRACTICE LEAN PHILANTHROPY, SO BEYOND BRINGING THEM INFORMATION, CONNECTING THEM WITH EACH OTHER IS PARAMOUNT TO ITS MISSION. THE ASSOCIATION INTENTIONALLY PROVIDES OPPORTUNITIES TO FOSTER MEANINGFUL CONNECTIONS THROUGHOUT THE YEAR VIA VIRTUAL ROUNDTABLES AND DINE-AROUNDS, PEER COACHING, VOLUNTEER COMMITTEES, AND THE ONLINE MEMBER DIRECTORY AND DISCUSSION COMMUNITIES WHILE LIFTING UP THE STORIES OF MEMBERS THROUGH BLOGS, NEWS STORIES, AND MEMBER-LED AWARDS PROGRAM.2021 MARKED THE SECOND YEAR OF IMPLEMENTING THE ASSOCIATION'S 2020-2025 STRATEGIC PLAN AND INCLUDED THE FOLLOWING ACCOMPLISHMENTS:- AROUND 3,500 RESOURCES, SAMPLE DOCUMENTS, AND TOOLKITS DOWNLOADED OR PURCHASED;- OVER 2,000 REGISTRATIONS FOR VIRTUAL EDUCATION PROGRAMS ON FILING THE 990-PF, BECOMING A BETTER ALLY, ROUNDTABLE DISCUSSIONS WITH NEXTGEN, A 3-DAY CONFERENCE AND MORE; - A SUCCESSFUL VIRTUAL ANNUAL CONFERENCE WITH 283 PARTICIPANTS; - RELEASE OF 2021 FOUNDATION OPERATIONS & MANAGEMENT REPORT WITH ALMOST 1,000 DOWNLOADS/PURCHASES;- MORE THAN 400 POSTS TO THE MEMBER DISCUSSION COMMUNITY;- THE LAUNCH OF THE CATALYTIC PHILANTHROPY PODCAST FEATURING CATALYTIC LEAN FUNDERS;- THE LAUNCH OF RESEARCH REPORTS HIGHLIGHTING EQUITY, SUCCESSION PLANNING, AND COVID-19 RESPONSE;- MEDIA MENTIONS IN THE CHRONICLE OF PHILANTHROPY, NEW YORK TIMES, NONPROFIT TIMES, PHILANTHROPY NEWS DIGEST, AND A FEW INTERNATIONAL NEWS OUTLETS AS WELL;- ALMOST 12,300 FOLLOWERS ACROSS THE ASSOCIATION'S SOCIAL MEDIA CHANNELS;- THE CURATION OF 60 BLOG POSTS WITH OVER 1,100 ACTIVE SUBSCRIBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Schaal Interim CEO | Officer | 40 | $225,213 |
Serenity Greenfield Senior Director - Rrr | 40 | $111,317 | |
Lashonne Barnes Development Director | 40 | $107,100 | |
Henry L Berman CEO (end March 2021) | Officer | 40 | $62,161 |
Danille Mathison Chair | OfficerTrustee | 12 | $0 |
Beth Stipe Vice-Chair | OfficerTrustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $750,476 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,645,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,395,476 |
| Total Program Service Revenue | $1,704,177 |
| Investment income | $2,033 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $94,749 |
| Net Rental Income | $131,420 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,328,346 |
| 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. | $348,338 |
| Compensation of current officers, directors, key employees. | $12,349 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,222,465 |
| Pension plan accruals and contributions | $127,473 |
| Other employee benefits | $127,364 |
| Payroll taxes | $120,746 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,451 |
| Fees for services: Accounting | $88,094 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $404,130 |
| Advertising and promotion | $0 |
| Office expenses | $127,851 |
| Information technology | $8,147 |
| Royalties | $0 |
| Occupancy | $264,720 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,866 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,918 |
| Insurance | $8,815 |
| All other expenses | $2,856 |
| Total functional expenses | $2,927,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,740 |
| Savings and temporary cash investments | $2,123,096 |
| Pledges and grants receivable | $191,666 |
| Accounts receivable, net | $139,265 |
| 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 | $40,666 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,898,947 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,187,456 |
| Total assets | $6,598,836 |
| Accounts payable and accrued expenses | $113,021 |
| Grants payable | $0 |
| Deferred revenue | $901,175 |
| 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 | $0 |
| Total liabilities | $1,014,196 |
| Net assets without donor restrictions | $4,036,323 |
| Net assets with donor restrictions | $1,548,317 |
| 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 | $6,598,836 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Association Of Small Foundations has recieved totaling $385,332.
| Awarding Organization | Amount |
|---|---|
Borealis Philanthropy Minneapolis, MN PURPOSE: TO SUPPORT THE WORK OF ASSOCIATION OF SMALL FOUNDATIONS D/B/A EXPONENT PHILANTHROPY | $250,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $66,666 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $66,666 |
Kinsman Foundation Milwaukie, OR PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chc Creating Healthier Communities Alexandria, VA | $23,119,840 | $20,885,598 |
Association For Enterprise Opportun Ity Inc Washington, DC | $11,965,213 | $13,346,284 |
Safa Trust Inc Herndon, VA | $343,266,740 | $16,390,451 |
Associated Black Charities Inc Baltimore, MD | $5,817,793 | $15,343,076 |
Tidewater Jewish Foundation Inc Virginia Beach, VA | $49,573,361 | $8,475,302 |
United Jewish Fed Endow Fd Tr Rev 63418202 Virginia Beach, VA | $11,572,026 | $8,665,477 |
United Way Of Roanoke Valley Inc Roanoke, VA | $7,671,992 | $5,417,169 |
United Way Of Southwest Virginia Abingdon, VA | $2,938,004 | $4,536,393 |
Asian Hope Forest, VA | $2,771,563 | $4,911,610 |
United Way Of Greater Charlottesville Charlottesville, VA | $7,793,808 | $4,973,896 |
Jewish Community Federation Of Richmond Richmond, VA | $4,286,110 | $4,000,113 |
United Way Of The Virginia Peninsula Yorktown, VA | $7,731,679 | $6,479,153 |