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Asfona INC FY2020 filing

North Liberty, IAUnknown exempt organizationEIN 36-4558571Revenue $120K in FY2020

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.
$34K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
Pay to officers and key staff
$34K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
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
$120K
Spent
$156K
To programs
100%
Net assets
$16K
By yearFY2020–FY2022
Revenue
$120K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$120K
FY2021$80K
FY2022$5
Expenses
$156K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$156K
FY2021$83K
FY2022$8K
Net assets
$16K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$16K
FY2021$13K
FY2022$5K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

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% · $156K

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; $34K paid to officers and key staff.

Part VII, Section A · reportable compensation
John Shingler
President - CEO
$34,000Pt 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 · $156K · in their own filed words · FY2020
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.

$156Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$120K
Ln 12
Gifts and grantsLn 1h$120K
Investment incomeLn 3$77
Money outPt IX
$156K
Ln 25
Programscol B$156K
Owns and owesPt X
$16K
net assets · Ln 32
Cash and savingsLn 1–2$16K
Total assetsLn 16$16K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$120K
Investment incomeLn 3$77
Total revenueLn 12$120K
Assets in detailPt X, end of year
CashLn 1$1K
SavingsLn 2$15K
Cash and savings togetherLn 1–2$16K
Total assetsLn 16$16K
LiabilitiesLn 26$0
Net assetsLn 32$16K
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 FY20End FY20
Cash and savingsLn 1–2$52K$16K
Total assetsLn 16$52K$16K
LiabilitiesLn 26$0$0
Net assetsLn 32$52K$16K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$34K$34K
Other employee benefitsLn 9$23K$23K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$8K$8K
Office expensesLn 13$9K$9K
OccupancyLn 16$38K$38K
Other expenses (24a–d)Ln 24$42K$42K
Total functional expensesLn 25$156K$156K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $5$8K−$8K$5K 990 PDF
FY2021 $80K$83K−$3K$13K 990 PDF
FY2020 Viewing $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 FY2020 990 (6 parts)
Part I · Summary $120,077 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $293,757$120,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $170$77
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $293,927$120,077
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 $139,167$56,790
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $144,718$99,426
I-18 Total expensesPrior year $283,885$156,216
I-19 Revenue less expensesPrior year $10,042−$36,139
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 $120,077 across 4 lines filed
VIII-1b Membership dues$120,000
VIII-1h Total contributions, gifts and grants$120,000
VIII-3 Investment incomeRelated to mission $77$77
VIII-12 Total revenueRelated to mission $77 · Unrelated business $0 · Excluded from tax $0$120,077
Part IX · Statement of functional expenses $156,216 across 7 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $34,000$34,000
IX-9 Other employee benefitsPrograms $22,790$22,790
IX-11c Accounting feesPrograms $1,625$1,625
IX-11g Other fees for servicesPrograms $8,141$8,141
IX-13 Office expensesPrograms $9,422$9,422
IX-16 OccupancyPrograms $38,500$38,500
IX-24 Other expenses (24a–d)Programs $41,738$41,738
IX-25 Total functional expensesPrograms $156,216 · Management $0 · Fundraising $0$156,216
Part X · Balance sheet $15,941 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $1,022$1,400
X-2 Savings and temporary cash investmentsStart of year $51,058$14,541
X-16 Total assetsStart of year $52,080$15,941
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $52,080$15,941
X-33 Total liabilities and net assetsStart of year $52,080$15,941
Part XI · Reconciliation of net assets $15,941 net assets at year end
XI-1 Total revenue$120,077
XI-2 Total expenses$156,216
XI-3 Revenue less expenses−$36,139
XI-4 Net assets at start of year$52,080
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$15,941

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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