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Asfona INC

North Liberty, IAUnknown exempt organizationEIN 36-4558571Revenue $5 in FY2022

On file with the IRSasfona.com2 Quail Creek Circle · North Liberty, IA

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ASFONA is an organization representing Owners/Operators of Starwood's legacy hotel brands with their integration into the Marriott portfolio.ASFONA is an organization comprising owners and owner's representatives of Sheraton, Four Points by Sheraton, St Regis, The Luxury Collection, Le Meridien, W Hotels, Element and Aloft branded hotels, known collectively as Starwood's legacy brands. ASFONA's mandate is to interact with Marriott International in the successful integration into the Marriott organization of all of the Starwood legacy brands together with advice and council on all other issues that impact its member's businesses.Together with Marriott, ASFONA's goal is to ensure that the Starwood legacy brands continue to be positioned as leaders in the industry, that they deliver the highest possible customer satisfaction levels and also the desired return on investment to their owners.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $16K a year · 23% of revenue · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5
-100% vs prior year
Spent
$8K
To programs
100%
Net assets
$5K
By yearFY2020–FY2022
Revenue
$5
FY2022▼ -100%
Tap a bar for its year
Revenue by fiscal year
FY2020$120K
FY2021$80K
FY2022$5
Expenses
$8K
FY2022▼ -90%
Tap a bar for its year
Expenses by fiscal year
FY2020$156K
FY2021$83K
FY2022$8K
Net assets
$5K
FY2022▼ -61%
Tap a bar for its year
Net assets by fiscal year
FY2020$16K
FY2021$13K
FY2022$5K

From the FY2022 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $8K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
John Shingler
President - CEO
$0Pt VII · Sec A
Hung Luk
VP - Secretary
$0Pt VII · Sec A
Paul Wischermann
VP - Memberships
$0Pt VII · Sec A
Bruce Kinseth
VP - Treasurer
$0Pt VII · Sec A
Jay Mahan
Board Member
$0Pt VII · Sec A
Matthew Cox
Board Member
$0Pt VII · Sec A
Dave Johnson
Board Member
$0Pt VII · Sec A
Greg Miller
Board Member
$0Pt VII · Sec A
See Asfona INC 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

Advocates for owners of legacy Starwood hotel brands during their integration into Marriott.

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Provided by the organization

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1 program · $8K · in their own filed words · FY2022
01

Interact with marriott in the integration of brand policies, standards, technology and all other issues relating to the successful integration of starwood's legacy brands into the marriott hotel portfolio together with all other issues that impact members businesses.

$8Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$5
Ln 12
Investment incomeLn 3$5
Money outPt IX
$8K
Ln 25
Programscol B$8K
Owns and owesPt X
$5K
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$5K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$5
Total revenueLn 12$5
Assets in detailPt X, end of year
CashLn 1$1K
SavingsLn 2$4K
Cash and savings togetherLn 1–2$5K
Total assetsLn 16$5K
LiabilitiesLn 26$0
Net assetsLn 32$5K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY22End FY22
Cash and savingsLn 1–2$13K$5K
Total assetsLn 16$13K$5K
LiabilitiesLn 26$0$0
Net assetsLn 32$13K$5K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other employee benefitsLn 9$2K$2K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$411$411
Office expensesLn 13$145$145
OccupancyLn 16$4K$4K
Other expenses (24a–d)Ln 24$667$667
Total functional expensesLn 25$8K$8K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $5$8K−$8K$5K 990 PDF
FY2021 $80K$83K−$3K$13K 990 PDF
FY2020 $120K$156K−$36K$16K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $5 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $80,000$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $62$5
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $80,062$5
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $21,523$1,699
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $61,321$6,323
I-18 Total expensesPrior year $82,844$8,022
I-19 Revenue less expensesPrior year −$2,782−$8,017
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $5 across 2 lines filed
VIII-3 Investment incomeRelated to mission $5$5
VIII-12 Total revenueRelated to mission $5 · Unrelated business $0 · Excluded from tax $0$5
Part IX · Statement of functional expenses $8,022 across 6 lines filed
IX-9 Other employee benefitsPrograms $1,699$1,699
IX-11c Accounting feesPrograms $1,600$1,600
IX-11g Other fees for servicesPrograms $411$411
IX-13 Office expensesPrograms $145$145
IX-16 OccupancyPrograms $3,500$3,500
IX-24 Other expenses (24a–d)Programs $667$667
IX-25 Total functional expensesPrograms $8,022 · Management $0 · Fundraising $0$8,022
Part X · Balance sheet $5,142 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $1,055$1,033
X-2 Savings and temporary cash investmentsStart of year $12,104$4,109
X-16 Total assetsStart of year $13,159$5,142
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $13,159$5,142
X-33 Total liabilities and net assetsStart of year $13,159$5,142
Part XI · Reconciliation of net assets $5,142 net assets at year end
XI-1 Total revenue$5
XI-2 Total expenses$8,022
XI-3 Revenue less expenses−$8,017
XI-4 Net assets at start of year$13,159
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,142

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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