Americans For Financial Reform Education Fund
- Assets
- $7.9m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 55
- Location
- Washington, DC
- Founding
- 02/2018
- Data as of
- 12/2023
- EIN
- 82-2553525
Organization Overview
Americans For Financial Reform Education Fund is located in Washington, DC. The organization was established in 2018. According to its NTEE Classification (W05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Americans For Financial Reform Education Fund employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Americans For Financial Reform Education Fund 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, Americans For Financial Reform Education Fund generated $5.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $5.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Americans For Financial Reform Education Fund has awarded 76 individual grants totaling $2,925,300. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A FAIR AND JUST FINANCIAL SYSTEM THAT CONTRIBUTES TO SHARED PROSPERITY FOR ALL FAMILIES AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC EDUCATION AND COMMUNICATIONS: OUR PUBLIC EDUCATION AND COMMUNICATIONS MATERIALS AND ACTIVITIES PROVIDE INFORMATION AND ANALYSIS ON A BROAD RANGE OF FINANCE AND FINANCIAL MARKETS RELATED MATTERS, FROM THE IMPACT OF HIGH-COST LENDING, TO INVESTOR PROTECTIONS, TO CAPITAL MARKETS AND DERIVATIVES REGULATION AND MORE. OUR AUDIENCES INCLUDE OUR INSTITUTIONAL ALLIES ( NATIONAL, STATE AND LOCAL GROUPS ), THE GENERAL PUBLIC, OPINION LEADERS, POLICYMAKERS, AND VARIOUS FORMS OF MEDIA. WE WORK TO BUILD PUBLIC WILL FOR SUBSTANTIAL REFORM TOWARD A JUST AND ACCOUNTABLE FINANCIAL SYSTEM. OUR WORK HAS RESULTED IN THOUSANDS OF MENTIONS IN THE PRESS AND SOCIAL MEDIA. . BUILDING AND MAINTAINING A BROAD COALITION: WE BRING TOGETHER A NONPARTISAN NONPROFIT COALITION OF MORE THAN 200 CIVIL RIGHTS, CONSUMER, LABOR, INVESTOR, SMALL BUSINESS, AND CIVIC AND COMMUNITY-BASED ORGANIZATIONS. WE BUILD CONNECTIONS AMONG DISPARATE GROUPS; PUT TOGETHER AND NURTURE AN INFRASTRUCTURE TO DEVELOP AND SHARE INFORMATION, EXPERIENCES, INSIGHTS, TOOLS, TACTICS, AND STRATEGIES; AND PROVIDE MATERIALS, RESEARCH, AND OTHER TOOLS SO THAT TOGETHER WE CAN DEVELOP AND ADVANCE ECONOMIC AND RACIAL JUSTICE PRIORITIES TO REFORM THE FINANCIAL SYSTEM. POLICY ANALYSIS AND DEVELOPMENT: WE ANALYSE POLICY PROPOSALS IN THE FINANCIAL SPACE, INCLUDING REGULATORY PROPOSALS FROM THE CFPB, FEDERAL RESERVE, FDIC, SEC, CFTC AND MORE, AS WELL AS LEGISLATIVE PROPOSALS ; WRITE REGULATORY COMMENT LETTERS ARGUING FOR CONSUMER AND INVESTOR PROTECTION, FINANCIAL STABILITY, BIG BANK ACCOUNTABILITY, INCREASED TRANSPARENCY, AN END TO RACIAL DISCRIMINATION, ETC; TESTIFY AS EXPERTS BEFORE CONGRESS; CONVENE PUBLIC POLICY CONVERSATIONS; RESEARCH AND WRITE MEMORANDA AND REPORTS. AND WE WORK WITH OUR ALLIES TO DEVELOP AND PROPOSE POLICY SOLUTIONS TO STOP FINANCIAL SECTOR ABUSES OF ECONOMICALLY VULNERABLE FAMILIES AND COMMUNITIES, AND REVERSE GROWING INEQUALITY THAT RESULTS FROM UNCHECKED FINANCIALIZATION AND SPECULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Donner Executive Director | OfficerTrustee | 27.37 | $163,890 |
Virginia Robnett Chief Operating Officer | Officer | 27.37 | $145,890 |
Ericka Taylor Popular Education Mgr Take O | 40 | $133,413 | |
Marian Mcconnell Campaign Director | 40 | $124,020 | |
Aditi Sen Research Director | 40 | $132,840 | |
Carter Dougherty Communications Director | 40 | $125,550 |
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 | $5,393,934 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,393,934 |
| Total Program Service Revenue | $0 |
| Investment income | $105,763 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $5,574,904 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $517,000 |
| 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. | $309,780 |
| Compensation of current officers, directors, key employees. | $35,032 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,471,712 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $599,907 |
| Payroll taxes | $59,941 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $359 |
| Fees for services: Accounting | $68,706 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $299,531 |
| Advertising and promotion | $225,663 |
| Office expenses | $30,702 |
| Information technology | $60,239 |
| Royalties | $0 |
| Occupancy | $192,039 |
| Travel | $31,066 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,546 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,950 |
| Insurance | $18,137 |
| All other expenses | $88,999 |
| Total functional expenses | $4,990,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,298,978 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,103,265 |
| Accounts receivable, net | $824,821 |
| 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 | $91,979 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,488,536 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $112,185 |
| Total assets | $7,919,764 |
| Accounts payable and accrued expenses | $436,292 |
| Grants payable | $342,000 |
| Deferred revenue | $0 |
| 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 | $135,854 |
| Total liabilities | $914,146 |
| Net assets without donor restrictions | $3,652,739 |
| Net assets with donor restrictions | $3,352,879 |
| 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 | $7,919,764 |
Grants Awarded
Over the last fiscal year, Americans For Financial Reform Education Fund has awarded $517,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICANS FOR FINANCIAL REFORM | | | $200,000 |
GA WATCH | | | $20,000 |
VOICE EDUCATION FUND INC | | | $20,000 |
TEXAS APPLESEED | | | $40,000 |
WOODSTOCK INSTITUTE | | | $25,000 |
VIRGINIA ORGANIZING INC | | | $40,000 |