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
59 cents of each dollar spent went to programs.
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
24 people listed on the 990; $604K paid to officers and key staff.
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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| 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.
Questions for Asae Research Foundation
Your first name shows with your question. Asae Research Foundation answers here, for everyone.
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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…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $585K | $315K |
| InvestmentsLn 11–13 | $26.6M | $26.1M |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $27.4M | $26.5M |
| LiabilitiesLn 26 | $7.5M | $7.5M |
| Net assetsLn 32 | $19.9M | $19.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $38K | $38K | ||
| Pay of current officers, directors and key staffLn 5 | $552K | $300K | $161K | $91K |
| Other salaries and wagesLn 7 | $663K | $362K | $192K | $109K |
| Other employee benefitsLn 9 | $164K | $86K | $51K | $28K |
| Investment management feesLn 11f | $99K | $64K | $35K | |
| Other fees for servicesLn 11g | $507K | $507K | $378 | |
| Advertising and promotionLn 12 | $79K | $17K | $61K | |
| Office expensesLn 13 | $19K | $6K | $319 | $13K |
| TravelLn 17 | $16K | $5K | $11K | |
| Conferences, conventions and meetingsLn 19 | $19K | $10K | $9K | |
| Other expenses (24a–d)Ln 24 | $1.2M | $583K | $294K | $322K |
| All other expensesLn 24e | −$3K | −$10K | $330 | $6K |
| Total functional expensesLn 25 | $3.4M | $2.0M | $734K | $652K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $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 Viewing | $1.4M | $3.4M | −$1.9M | $19.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $1,430,947 revenue, 12 lines filed
Part VI · Governance 11 of 11 board members independent, no flags
Part VIII · Statement of revenue $1,430,947 across 10 lines filed
Part IX · Statement of functional expenses $3,352,494 across 12 lines filed
Part X · Balance sheet $26,488,111 assets, 13 lines filed
Part XI · Reconciliation of net assets $18,954,967 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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