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The American Experience Foundation INC FY2024 filing

Tax-deductible

Washington, DC501(c)(3)Since 2001Arts & Culture EIN 30-0019421Revenue $585K in FY2024Latest return filed Aug 11, 2026

On file with the IRSthenextdc.orgWashington, DCTax-exempt since Jun 2002Supporting organization — 509(a)(3)

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The organization enriches the lives of students through inspirational experiences and educational opportunities to cultivate the next generation of hospitality industry leaders in washington, DC.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $125K a year · 26% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $335K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$8K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 18 voting members
Looks good: 17 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$585K
+51% vs prior year
Spent
$423K
To programs
88%
Net assets
$541K
By yearFY2020–FY2025
Revenue
$585K
FY2024▲ +51%
Tap a bar for its year
Revenue by fiscal year
FY2020$96K
FY2021$116K
FY2022$196K
FY2023$386K
FY2024$585K
FY2025$495K
Expenses
$423K
FY2024▲ +144%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023$173K
FY2024$423K
FY2025$495K
Net assets
$541K
FY2024▲ +43%
Tap a bar for its year
Net assets by fiscal year
FY2020$106K
FY2021$125K
FY2022$166K
FY2023$379K
FY2024$541K
FY2025$541K

From the FY2024 Form 990 (year ending September 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $374K Management & general 8% · $33K Fundraising 4% · $16K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Greg Casten
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Stacy Smith
Secretary
$0Pt VII · Sec A
Michael Borris
Board Member
$0Pt VII · Sec A
Skye Curry
Board Member
$0Pt VII · Sec A
Elliot Ferguson
Board Member
$0Pt VII · Sec A
David Grosso
Board Member
$0Pt VII · Sec A
See The American Experience Foundation INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes Washington D.C.'s arts, culture, history, and education by sharing upcoming programs.

Questions for The American Experience Foundation INC

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1 program · $374K · in their own filed words · FY2023
01

Events and Education

To generate revenue streams to raise funds for the organization, which supports students through travel experiences and scholarships.

$374Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Washington DC Convention and Tourism CorporationFY2024$328K
Scott a and Phyllis P Crabtree Family Foundation INCFY2024$5K
Downtown Jaycees FoundationFY2024$2K
Total grants receivedfrom 3 funders$335K
See all 3 funders →
Grants paid · 3 grants · $102K · 2022–2024
Unitemized GrantFY2024$34,500
Unitemized GrantFY2023$49,177
Unitemized GrantFY2022$18,750

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$585K
Ln 12
Gifts and grantsLn 1h$619K
Money outPt IX
$423K
Ln 25
Programscol B$374K
Managementcol C$33K
Fundraisingcol D$16K
Owns and owesPt X
$541K
net assets · Ln 32
Cash and savingsLn 1–2$208K
Total assetsLn 16$549K
LiabilitiesLn 26$8K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$619K
Fundraising eventsLn 1c$158K
Total revenueLn 12$585K
Assets in detailPt X, end of year
CashLn 1$208K
Cash and savings togetherLn 1–2$208K
Pledges and grants receivableLn 3$9K
Accounts receivableLn 4$10K
Other assetsLn 15$322K
Total assetsLn 16$549K
LiabilitiesLn 26$8K
Net assetsLn 32$541K
OperationsPt I, VI
EmployeesI 50
VolunteersI 616
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$391K$208K
Total assetsLn 16$407K$549K
LiabilitiesLn 26$28K$8K
Net assetsLn 32$379K$541K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$49K$49K
Other salaries and wagesLn 7$226K$220K$5K
Other employee benefitsLn 9$8K$8K$200
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$17K$17K
Other fees for servicesLn 11g$16K$16K
Office expensesLn 13$5K$3K$2K
OccupancyLn 16$20K$14K$7K
Conferences, conventions and meetingsLn 19$80K$79K$84
Total functional expensesLn 25$423K$374K$33K$16K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Aug 11, 2026 $495K$495K$0$541K 990 PDF
FY2024 ViewingFiled with the IRS Aug 4, 2025 $585K$423K$162K$541K 990 PDF
FY2023Filed with the IRS Aug 9, 2024 $386K$173K$213K$379K 990 PDF
FY2022Filed with the IRS Aug 10, 2023 $196K$166K 990 PDF
FY2021Filed with the IRS Aug 9, 2022 $116K$125K 990 PDF
FY2020Filed with the IRS Apr 2, 2021 $96K$106K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $584,531 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $400,814$619,497
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year −$14,616−$34,966
I-12 Total revenuePrior year $386,198$584,531
I-13 Grants and similar amounts paidPrior year $18,750$49,177
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $124,576$234,267
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $29,887$139,124
I-18 Total expensesPrior year $173,213$422,568
I-19 Revenue less expensesPrior year $212,985$161,963
Part VI · Governance 17 of 18 board members independent, 1 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members17
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $584,531 across 5 lines filed
VIII-1c Fundraising events$158,180
VIII-1f All other contributions, gifts and grants$461,317
VIII-1h Total contributions, gifts and grants$619,497
VIII-8 Net income from fundraising eventsExcluded from tax −$34,966−$34,966
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$34,966$584,531
Part IX · Statement of functional expenses $422,568 across 9 lines filed
IX-2 Grants to domestic individualsPrograms $49,177$49,177
IX-7 Other salaries and wagesPrograms $220,498 · Management $5,415$225,913
IX-9 Other employee benefitsPrograms $8,154 · Management $200$8,354
IX-11b Legal feesManagement $1,698$1,698
IX-11c Accounting feesManagement $16,870$16,870
IX-11g Other fees for servicesFundraising $16,000$16,000
IX-13 Office expensesPrograms $3,003 · Management $1,526$4,529
IX-16 OccupancyPrograms $13,562 · Management $6,888$20,450
IX-19 Conferences, conventions and meetingsPrograms $79,493 · Fundraising $84$79,577
IX-25 Total functional expensesPrograms $373,887 · Management $32,597 · Fundraising $16,084$422,568
Part X · Balance sheet $549,407 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $390,842$208,139
X-3 Pledges and grants receivable$9,000
X-4 Accounts receivableStart of year $16,152$10,200
X-15 Other assetsStart of year $0$322,068
X-16 Total assetsStart of year $406,994$549,407
X-17 Accounts payable and accrued expensesStart of year $2,000$8,490
X-26 Total liabilitiesStart of year $28,040$8,490
X-27 Net assets without donor restrictionsStart of year $372,121$531,096
X-28 Net assets with donor restrictionsStart of year $6,833$9,821
X-32 Total net assets or fund balancesStart of year $378,954$540,917
X-33 Total liabilities and net assetsStart of year $406,994$549,407
Part XI · Reconciliation of net assets $540,917 net assets at year end
XI-1 Total revenue$584,531
XI-2 Total expenses$422,568
XI-3 Revenue less expenses$161,963
XI-4 Net assets at start of year$378,954
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$540,917

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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