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Association for Financial Technology

Not tax-deductible

Atlanta, GA501(c)(6)Since 1972Mutual / membership EIN 31-0937851Revenue $954K in FY2025

On file with the IRSaftweb.com1 Glenlake Pkwy Ste 1200, 30328-7267 · Atlanta, GATax-exempt since Oct 1978

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The organizations mission is to provide a forum through meetings and workshops for the sharing of ideas and new technologies in the financial community.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
76¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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 6
filings with a surplus
Average surplus $10K a year · 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$170K
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$954K
+2% vs prior year
Spent
$949K
To programs
76%
Net assets
$695K
By yearFY2020–FY2025
Revenue
$954K
FY2025▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$125K
FY2021$668K
FY2022$963K
FY2023$949K
FY2024$939K
FY2025$954K
Expenses
$949K
FY2025▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$239K
FY2021$620K
FY2022$801K
FY2023$965K
FY2024$964K
FY2025$949K
Net assets
$695K
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$497K
FY2021$545K
FY2022$707K
FY2023$691K
FY2024$683K
FY2025$695K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1978.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $723K Management & general 24% · $225K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation
Danny Payne
President
$0Pt VII · Sec A
Jarrett Puckettt
Past President
$0Pt VII · Sec A
Aaron Smith
Treasurer
$0Pt VII · Sec A
Jacob Bauer
Director
$0Pt VII · Sec A
Nathan Baumeister
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Tara Schultz
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Association for Financial Technology executive salaries →

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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

Connects financial professionals to share ideas and new technologies.

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Provided by the organization

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1 program · $723K · in their own filed words · FY2025
01

Each meeting and workshop featured a full agenda of presentations, panel discussions and open forums. Each income producing activity was necessary and incidental.

$723Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$954K
Ln 12
Fees for servicesLn 2g$797K
Gifts and grantsLn 1h$129K
Investment incomeLn 3$29K
Money outPt IX
$949K
Ln 25
Programscol B$723K
Managementcol C$225K
Owns and owesPt X
$695K
net assets · Ln 32
Cash and savingsLn 1–2$791K
Total assetsLn 16$866K
LiabilitiesLn 26$170K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$129K
Fees for servicesLn 2g$797K
Investment incomeLn 3$29K
Gains on assetsLn 7$6K
Total revenueLn 12$954K
Assets in detailPt X, end of year
CashLn 1$203K
SavingsLn 2$588K
Cash and savings togetherLn 1–2$791K
Total assetsLn 16$866K
LiabilitiesLn 26$170K
Net assetsLn 32$695K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$957K$791K
Total assetsLn 16$1.0M$866K
LiabilitiesLn 26$349K$170K
Net assetsLn 32$683K$695K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$10K$10K
Management feesLn 11a$149K$149K
Legal feesLn 11b$30$30
Accounting feesLn 11c$4K$4K
Office expensesLn 13$2K$2K
Information technologyLn 14$10K$10K
Conferences, conventions and meetingsLn 19$713K$713K
Other expenses (24a–d)Ln 24$60K$60K
All other expensesLn 24e$2$2
Total functional expensesLn 25$949K$723K$225K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $954K$949K$6K$695K 990 PDF
FY2024 $939K$964K−$24K$683K 990 PDF
FY2023 $949K$965K−$16K$691K 990 PDF
FY2022 $963K$801K$162K$707K 990 PDF
FY2021 $668K$620K$48K$545K 990 PDF
FY2020 $125K$239K−$114K$497K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $954,417 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $147,811$128,850
I-9 Program service revenuePrior year $767,715$796,551
I-10 Investment incomePrior year $23,605$29,016
I-11 Other revenue$0
I-12 Total revenuePrior year $939,131$954,417
I-13 Grants and similar amounts paidPrior year $12,500$10,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $951,115$938,540
I-18 Total expensesPrior year $963,615$948,540
I-19 Revenue less expensesPrior year −$24,484$5,877
Part VI · Governance 13 of 13 board members independent, 4 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $954,417 across 7 lines filed
VIII-1b Membership dues$128,850
VIII-1h Total contributions, gifts and grants$128,850
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $796,551$796,551
VIII-3 Investment incomeRelated to mission $22,907$22,907
VIII-7 Net gain or loss on sales of assetsRelated to mission $6,109$6,109
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $825,567 · Unrelated business $0 · Excluded from tax $0$954,417
Part IX · Statement of functional expenses $948,540 across 9 lines filed
IX-2 Grants to domestic individualsPrograms $10,000$10,000
IX-11a Management feesManagement $148,838$148,838
IX-11b Legal feesManagement $30$30
IX-11c Accounting feesManagement $4,006$4,006
IX-13 Office expensesManagement $2,048$2,048
IX-14 Information technologyManagement $9,888$9,888
IX-19 Conferences, conventions and meetingsPrograms $713,388$713,388
IX-24 Other expenses (24a–d)Management $60,340$60,340
IX-24e All other expensesManagement $2$2
IX-25 Total functional expensesPrograms $723,388 · Management $225,152 · Fundraising $0$948,540
Part X · Balance sheet $865,600 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $404,370$203,033
X-2 Savings and temporary cash investmentsStart of year $552,534$588,158
X-9 Prepaid expenses and deferred chargesStart of year $74,957$74,409
X-16 Total assetsStart of year $1,031,861$865,600
X-17 Accounts payable and accrued expensesStart of year $217,888$67,882
X-19 Deferred revenueStart of year $131,453$102,442
X-26 Total liabilitiesStart of year $349,341$170,324
X-27 Net assets without donor restrictionsStart of year $634,556$667,762
X-28 Net assets with donor restrictionsStart of year $47,964$27,514
X-32 Total net assets or fund balancesStart of year $682,520$695,276
X-33 Total liabilities and net assetsStart of year $1,031,861$865,600
Part XI · Reconciliation of net assets $695,276 net assets at year end
XI-1 Total revenue$954,417
XI-2 Total expenses$948,540
XI-3 Revenue less expenses$5,877
XI-4 Net assets at start of year$682,520
XI-5 Net unrealized gains (losses) on investments$8,482
XI-7 Investment expenses−$1,603
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$695,276

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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