Asae Research Foundation

Tax-deductible

Washington, DC501(c)(3)Since 1983Community DevelopmentEIN 52-1300485Revenue $5.2M in FY2025

On file with the IRSasaecenter.org1101 K Street Suite 500 Nw, 20005-4210 · Washington, DCTax-exempt since Aug 1983Publicly supported charity — 170(b)(1)(A)(vi)

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The Asae Research Foundation is primarily focused on advancing knowledge in association management and leadership by conducting Research in areas that no one association can undertake on its own and helping associations become more innovative. With the help of Asae members and friends of the association community, the Foundation maintains a rigorous Research agenda that supports the knowledge to equip the next generation of association leaders.

501(c)(3) charity; gifts are tax-deductible.
21¢ of each $1 spent went to programs.
Run by 37 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
4 of 6
filings with a surplus
Average surplus $498K a year · 18% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
21%
of spending
Concern: 21% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$453K
to officers and key staff · 18% of spending
Top officer’s pay higher than 59% of similar orgs
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $78K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.9M
7% of total assets
Looks good: liabilities are 7% 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
$5.2M
+73% vs prior year
Spent
$2.6M
To programs
21%
Net assets
$26.9M
By yearFY2020–FY2025
Revenue
$5.2M
FY2025▲ +73%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$2.5M
FY2022$2.6M
FY2023$1.7M
FY2024$3.0M
FY2025$5.2M
Expenses
$2.6M
FY2025▲ +46%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.4M
FY2021$2.0M
FY2022$1.9M
FY2023$1.8M
FY2024$1.8M
FY2025$2.6M
Net assets
$26.9M
FY2025▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$19.0M
FY2021$24.4M
FY2022$19.6M
FY2023$21.0M
FY2024$24.9M
FY2025$26.9M

From the FY2025 Form 990 (year ending August 2025) · 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 Aug 1983.

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

Where the money goes

21 cents of each dollar spent went to programs.

Program services 21% · $532K Management & general 45% · $1.2M Fundraising 34% · $868K

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

12 people listed on the 990; $453K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Vice President, Foundation Relations
$178,894Pt VII · Sec A
$162,582Pt VII · Sec A
Director, Future-Focused Research
$111,919Pt VII · Sec A
Board Member
$0Pt VII · Sec A
General Council, Ex Officio Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Morgan Maravich’s $179K as Vice President, Foundation Relations is at the 59th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Sharon Moss——$343,734$217,175$190,180$182,148
Elizabeth Marie Piper Bach————$302,133—
Morgan Maravich$178,894$169,461————
Susan Robertson———$169,116$153,966$113,186
Michelle Mason Fasae Cae$162,582—————
Michelle Mason—$156,524$149,132$39,180——
Pamela Troop——$156,006——$5,518
Debra Stevens————$136,693—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Conducts and shares research on nonprofit management to help association leaders innovate, develop professionals, and improve organizational performance.

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Provided by the organization

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2 programs · $532K · in their own filed words · FY2024
01

CEO Conclave

The ASAE Foundation CEO Conclave is a leadership program designed to convene association chief executive officers for peer-to-peer engagement, knowledge sharing, and strategic dialogue on critical issues impacting the association sector.

$399Kprogram expense
02

Research

The foundation's research department advances knowledge in non-profit management by providing resources that will help leaders focus on critical factors to enhance their organizations. The foundation implements and facilitates the application of research findings by executives and boards through rigorously designed secondary, qualitative…

$133Kprogram 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
See all 6 funders →
Grants paid · 11 grants · $141K · 2019–2024

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$5.2M
Ln 12
Investment incomeLn 3$3.2M
Fees for servicesLn 2g$835K
Gifts and grantsLn 1h$716K
Money outPt IX
$2.6M
Ln 25
Programscol B$532K
Managementcol C$1.2M
Fundraisingcol D$868K
Owns and owesPt X
$26.9M
net assets · Ln 32
Cash and savingsLn 1–2$434K
Total assetsLn 16$28.8M
LiabilitiesLn 26$1.9M
PeoplePt VI, VII
12
listed · VII A
PaidVII A3
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$716K
Fees for servicesLn 2g$835K
Investment incomeLn 3$3.2M
Other incomeLn 4–11$401K
Gains on assetsLn 7$2.5M
Total revenueLn 12$5.2M
Assets in detailPt X, end of year
SavingsLn 2$434K
Cash and savings togetherLn 1–2$434K
InvestmentsLn 11–13$27.8M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$8K
Total assetsLn 16$28.8M
LiabilitiesLn 26$1.9M
Net assetsLn 32$26.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 637
Fiscal year endsHeaderAugust
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 FY25End FY25
Cash and savingsLn 1–2$77K$434K
InvestmentsLn 11–13$25.3M$27.8M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$25.8M$28.8M
LiabilitiesLn 26$921K$1.9M
Net assetsLn 32$24.9M$26.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$51K$51K
Pay of current officers, directors and key staffLn 5$341K$98K$80K$163K
Other salaries and wagesLn 7$255K$75K$49K$131K
Other employee benefitsLn 9$325K$80K$189K$57K
Investment management feesLn 11f$54K$54K
Other fees for servicesLn 11g$501K$4K$455K$42K
Advertising and promotionLn 12$20K$20K
Office expensesLn 13$206K$12K$138K$57K
TravelLn 17$22K$5K$1K$16K
Conferences, conventions and meetingsLn 19$267K$42K$109K$116K
Other expenses (24a–d)Ln 24$510K$165K$78K$267K
All other expensesLn 24e$250$0$250$0
Total functional expensesLn 25$2.6M$532K$1.2M$868K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $5.2M$2.6M$2.6M$26.9M 990 PDF
FY2024 $3.0M$1.8M$1.3M$24.9M 990 PDF
FY2023 $1.7M$1.8M−$154K$21.0M 990 PDF
FY2022 $2.6M$1.9M$705K$19.6M 990 PDF
FY2021 $2.5M$2.0M$465K$24.4M 990 PDF
FY2020 $1.4M$3.4M−$1.9M$19.0M 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 FY2025 990 (6 parts)
Part I · Summary $5,190,561 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $590,194$716,234
I-9 Program service revenuePrior year $100,067$834,536
I-10 Investment incomePrior year $1,903,627$3,238,664
I-11 Other revenuePrior year $415,042$401,127
I-12 Total revenuePrior year $3,008,930$5,190,561
I-13 Grants and similar amounts paidPrior year $51,392$50,637
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $826,976$921,225
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $873,102$1,581,772
I-18 Total expensesPrior year $1,751,470$2,553,634
I-19 Revenue less expensesPrior year $1,257,460$2,636,927
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,190,561 across 8 lines filed
VIII-1d Related organizations$177,779
VIII-1f All other contributions, gifts and grants$538,455
VIII-1h Total contributions, gifts and grants$716,234
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $663,535 · Excluded from tax $171,001$834,536
VIII-3 Investment incomeExcluded from tax $775,630$775,630
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,463,034$2,463,034
VIII-8 Net income from fundraising eventsExcluded from tax $401,127$401,127
VIII-12 Total revenueRelated to mission $663,535 · Unrelated business $0 · Excluded from tax $3,810,792$5,190,561
Part IX · Statement of functional expenses $2,553,634 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $50,637$50,637
IX-5 Pay of current officers, directors and key staffPrograms $98,436 · Management $80,170 · Fundraising $162,870$341,476
IX-7 Other salaries and wagesPrograms $74,674 · Management $49,367 · Fundraising $130,527$254,568
IX-9 Other employee benefitsPrograms $79,796 · Management $188,644 · Fundraising $56,741$325,181
IX-11f Investment management feesManagement $54,333$54,333
IX-11g Other fees for servicesPrograms $4,500 · Management $454,515 · Fundraising $42,281$501,296
IX-12 Advertising and promotionFundraising $20,170$20,170
IX-13 Office expensesPrograms $11,564 · Management $137,648 · Fundraising $57,243$206,455
IX-17 TravelPrograms $4,994 · Management $1,480 · Fundraising $15,675$22,149
IX-19 Conferences, conventions and meetingsPrograms $41,751 · Management $108,982 · Fundraising $116,373$267,106
IX-24 Other expenses (24a–d)Programs $165,481 · Management $78,027 · Fundraising $266,505$510,013
IX-24e All other expensesPrograms $0 · Management $250 · Fundraising $0$250
IX-25 Total functional expensesPrograms $531,833 · Management $1,153,416 · Fundraising $868,385$2,553,634
Part X · Balance sheet $28,792,437 assets, 16 lines filed
X-2 Savings and temporary cash investmentsStart of year $77,358$434,083
X-3 Pledges and grants receivableStart of year $152,184$221,208
X-4 Accounts receivableStart of year $26,720$10,014
X-9 Prepaid expenses and deferred chargesStart of year $64,711$304,681
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $25,345,123$27,814,932
X-15 Other assetsStart of year $161,178$7,519
X-16 Total assetsStart of year $25,827,274$28,792,437
X-17 Accounts payable and accrued expensesStart of year $85,320$121,457
X-19 Deferred revenueStart of year $0$75,692
X-25 Other liabilitiesStart of year $835,579$1,726,647
X-26 Total liabilitiesStart of year $920,899$1,923,796
X-27 Net assets without donor restrictionsStart of year $24,317,447$26,005,749
X-28 Net assets with donor restrictionsStart of year $588,928$862,892
X-32 Total net assets or fund balancesStart of year $24,906,375$26,868,641
X-33 Total liabilities and net assetsStart of year $25,827,274$28,792,437
Part XI · Reconciliation of net assets $26,868,641 net assets at year end
XI-1 Total revenue$5,190,561
XI-2 Total expenses$2,553,634
XI-3 Revenue less expenses$2,636,927
XI-4 Net assets at start of year$24,906,375
XI-5 Net unrealized gains (losses) on investments−$674,661
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$26,868,641

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

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