Association Of Small Foundations
- Assets
- $4.1m
- Revenue
- $3.5m
- Investments
- $3.0m
- Employees
- 17
- Location
- Washington, DC
- Founding
- 02/1996
- Data as of
- 12/2023
- 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 12/2023, Exponent Philanthropy employed 17 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 12/2023, Exponent Philanthropy generated $3.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $3.7m during the year ending 12/2023. While expenses have increased by 1.4% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BUILD AND STRENGTHEN LEAN PHILANTHROPY.
Describe the Organization's Program Activity:
EXPONENT PHILANTHROPY EDUCATES, EQUIPS, AND CONNECTS LEAN FUNDERS TO BECOME INCREASINGLY KNOWLEDGEABLE AND EFFECTIVE THROUGH RESEARCH THAT INFORMS OUR EDUCATION PROGRAMS AND A RICH LIBRARY OF PUBLICATIONS, TOOLS, AND RESOURCES. THESE INCLUDE, BUT NOT LIMITED TO: ESSENTIALS MAGAZINE, THE INDUSTRY-STANDARD ANNUAL FOUNDATION OPERATIONS AND MANAGEMENT REPORT, FOUNDATION GUIDEBOOK, TRUSTEE HANDBOOK, ADVOCACY FIELD GUIDE, DIGITAL REPORTS, ASSESSMENTS, Q&A SERVICE, ANNUAL CONFERENCE, WEBINARS, AND COHORT PROGRAMS. OUR MEMBERS ARE THE AUTHORITIES IN EVERY ASPECT OF WHAT IT MEANS TO PRACTICE LEAN PHILANTHROPY, SO BEYOND BRINGING THEM INFORMATION, CONNECTING THEM WITH EACH OTHER IS PARAMOUNT TO OUR MISSION. WE INTENTIONALLY PROVIDE OPPORTUNITIES TO FOSTER MEANINGFUL CONNECTIONS THROUGHOUT THE YEAR VIA VIRTUAL AND IN-PERSON EXPERIENCES. THESE INCLUDE: VIRTUAL ROUNDTABLES AND DINE-AROUNDS, PEER COACHING, LEADERSHIP COHORTS, THE ANNUAL CONFERENCE, VOLUNTEER COMMITTEES, THE ONLINE MEMBER DIRECTORY AND DISCUSSION COMMUNITIES. THIS IS ACCOMPLISHED BY AMPLIFYING THE VOICES AND EXPERIENCES OF OUR MEMBERS THROUGH BLOGS, PODCASTS, PROGRAMS, AND OUR AWARDS PROGRAM.2023 MARKED THE FOURTH YEAR OF IMPLEMENTING EXPONENT PHILANTHROPY'S 2020-2025 STRATEGIC PLAN AND INCLUDED THE FOLLOWING ACCOMPLISHMENTS:- AROUND 3,500 RESOURCES, SAMPLE DOCUMENTS, AND TOOLKITS DOWNLOADED OR PURCHASED- ALMOST 1,000 ATTENDEES ACROSS 29 VIRTUAL EDUCATION PROGRAMS ON FILING THE 990-PF, BECOMING A BETTER ALLY, ROUNDTABLE DISCUSSIONS WITH NEXTGEN, THE ON RAMP TO CATALYTIC LEADERSHIP IN PHILANTHROPY AND MORE; - A SUCCESSFUL ANNUAL CONFERENCE IN BALTIMORE, MARYLAND WITH 500 PARTICIPANTS; - RELEASE OF OUR 2023 FOUNDATION OPERATIONS & MANAGEMENT REPORT WITH OVER 1,000 DOWNLOADS/PURCHASES;- NEARLY 400 POSTS TO THE MEMBER DISCUSSION COMMUNITY;- OVER 2,000 DOWNLOADS/LISTENS TO THE CATALYTIC PHILANTHROPY PODCAST FEATURING CATALYTIC LEAN FUNDERS;- THE LAUNCH OF RESEARCH REPORTS HIGHLIGHTING CATALYTIC LEADERSHIP IN PHILANTHROPY, RACIAL EQUITY IN LEAN PHILANTHROPY, AND BUILDING RELATIONSHIPS WITH GRANTEES;- ALMOST 15,000 FOLLOWERS ACROSS OUR SOCIAL MEDIA CHANNELS- THE CURATION OF 38 BLOG POSTS WITH OVER 40,000 BLOGS READ
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danielle Mathison Vice Chair | OfficerTrustee | 3 | $0 |
Rahsaan Harris Chair | OfficerTrustee | 6 | $0 |
Nina Cohen Vice Chair | OfficerTrustee | 6 | $0 |
Richard Ribeiro Treasurer | OfficerTrustee | 6 | $0 |
Carol Gallo Member | Trustee | 3 | $0 |
Taylor Gray Member | Trustee | 3 | $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 | $955,851 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $955,851 |
| Total Program Service Revenue | $2,181,032 |
| Investment income | $146,933 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $99,677 |
| Net Rental Income | $78,798 |
| 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 | $3,470,895 |
| 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. | $362,013 |
| Compensation of current officers, directors, key employees. | $90,503 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,209,643 |
| Pension plan accruals and contributions | $53,485 |
| Other employee benefits | $180,836 |
| Payroll taxes | $112,922 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,207 |
| Fees for services: Accounting | $163,608 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $565,484 |
| Advertising and promotion | $0 |
| Office expenses | $143,230 |
| Information technology | $11,060 |
| Royalties | $0 |
| Occupancy | $253,377 |
| Travel | $31,501 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $530,842 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,520 |
| All other expenses | $0 |
| Total functional expenses | $3,707,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,142 |
| Savings and temporary cash investments | $297,815 |
| Pledges and grants receivable | $264,265 |
| Accounts receivable, net | $131,427 |
| 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 | $60,835 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,976,948 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $211,594 |
| Total assets | $4,079,026 |
| Accounts payable and accrued expenses | $58,927 |
| Grants payable | $0 |
| Deferred revenue | $875,276 |
| 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 | $934,203 |
| Net assets without donor restrictions | $2,521,754 |
| Net assets with donor restrictions | $623,069 |
| 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 | $4,079,026 |