Afsa Education Foundation FY2020 filing

Tax-deductible

Washington, DC501(c)(3)Since 1990Arts & CultureEIN 52-1673101Revenue $634K in FY2020

On file with the IRSafsaef.org1750 H St Nw Ste 650, 20006-4783 · Washington, DCTax-exempt since Apr 1990Publicly supported charity — 170(b)(1)(A)(vi)

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To promote awareness of personal money management skills and knowledge that will help consumers realize the benefits of responsible money management and the credit process, and by providing personal finance curricula to educate students in middle school, high school and college.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$182K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
6 of 6
filings with a surplus
Average surplus $530K a year · 40% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$182K
to officers and key staff · 37% of spending
Concern: pay to officers and key staff is 37% of spending; over 30%.
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
4
named funders · $117K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$323K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$634K
Spent
$489K
To programs
88%
Net assets
$8.8M
By yearFY2020–FY2025
Revenue
$634K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$634K
FY2021$1.7M
FY2022$1.3M
FY2023$1.4M
FY2024$1.3M
FY2025$1.6M
Expenses
$489K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$489K
FY2021$765K
FY2022$914K
FY2023$913K
FY2024$851K
FY2025$911K
Net assets
$8.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$8.8M
FY2021$9.7M
FY2022$8.4M
FY2023$9.7M
FY2024$11.0M
FY2025$12.7M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1990.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $432K Management & general 12% · $57K

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

22 people listed on the 990; $182K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$181,592Pt VII · Sec A
Secretary/Tresurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Olivia Dibiase’s $121K as Director of Financial Education is at the 48th percentile of top reported officer pay among 3924 $1–10M arts & culture 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Rhonda K Ashburn—————$181,592
Olivia Dibiase$120,632$112,026$108,764$103,996$102,303—

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.

See Afsa Education Foundation 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

Educates consumers on personal finance and responsible money management.

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Provided by the organization

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2 programs · $432K · in their own filed words · FY2020
01

Moneyskill

An online personal finance course with 37 modules in english and spanish, educates students on basic understanding of money-management fundamentals and is available to educators at no cost. The curriculum includes content areas of income, expenses, saving and investing, credit, insurance and more.

$427Kprogram expense
02

Management Development Programs

Due to COVID-19, the foundation's management development programs were temporarily cancelled.

$5Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$634K
Ln 12
Gifts and grantsLn 1h$568K
Investment incomeLn 3$65K
Fees for servicesLn 2g$300
Money outPt IX
$489K
Ln 25
Programscol B$432K
Managementcol C$57K
Owns and owesPt X
$8.8M
net assets · Ln 32
Cash and savingsLn 1–2$82K
Total assetsLn 16$9.1M
LiabilitiesLn 26$323K
PeoplePt VI, VII
22
listed · VII A
PaidVII A1
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$568K
Fees for servicesLn 2g$300
Investment incomeLn 3$65K
Gains on assetsLn 7−$184K
Total revenueLn 12$634K
Assets in detailPt X, end of year
CashLn 1$82K
Cash and savings togetherLn 1–2$82K
InvestmentsLn 11–13$8.9M
Land, buildings, equipmentLn 10c$70K
Total assetsLn 16$9.1M
LiabilitiesLn 26$323K
Net assetsLn 32$8.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 623
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$62K$82K
InvestmentsLn 11–13$7.9M$8.9M
Land, buildings, equipmentLn 10c$96K$70K
Total assetsLn 16$8.2M$9.1M
LiabilitiesLn 26$492K$323K
Net assetsLn 32$7.7M$8.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$97K$96K$665
Pension plan contributionsLn 8$4K$4K$29
Other employee benefitsLn 9$30K$29K$203
Legal feesLn 11b$2K$618$1K
Accounting feesLn 11c$9K$9K
Investment management feesLn 11f$23K$23K
Other fees for servicesLn 11g$142K$141K$1K
Office expensesLn 13$8K$1K$6K
Information technologyLn 14$122K$122K
TravelLn 17$2K$2K$376
Conferences, conventions and meetingsLn 19$9K$9K
Depreciation, depletion and amortizationLn 22$26K$26K$169
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$9K$9K
Total functional expensesLn 25$489K$432K$57K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.6M$911K$728K$12.7M 990 PDF
FY2024 $1.3M$851K$461K$11.0M 990 PDF
FY2023 $1.4M$913K$473K$9.7M 990 PDF
FY2022 $1.3M$914K$425K$8.4M 990 PDF
FY2021 $1.7M$765K$946K$9.7M 990 PDF
FY2020 Viewing $634K$489K$145K$8.8M 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 $633,542 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $183,919$567,805
I-9 Program service revenuePrior year $443,333$300
I-10 Investment incomePrior year $239,800$65,437
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $867,052$633,542
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 $118,480$130,703
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $588,857$357,926
I-18 Total expensesPrior year $707,337$488,629
I-19 Revenue less expensesPrior year $159,715$144,913
Part VI · Governance 21 of 21 board members independent, 1 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $633,542 across 6 lines filed
VIII-1f All other contributions, gifts and grants$567,805
VIII-1h Total contributions, gifts and grants$567,805
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $300$300
VIII-3 Investment incomeExcluded from tax $249,370$249,370
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$183,933−$183,933
VIII-12 Total revenueRelated to mission $300 · Unrelated business $0 · Excluded from tax $65,437$633,542
Part IX · Statement of functional expenses $488,629 across 14 lines filed
IX-6 Pay of disqualified personsPrograms $96,135 · Management $665$96,800
IX-8 Pension plan contributionsPrograms $4,259 · Management $29$4,288
IX-9 Other employee benefitsPrograms $29,412 · Management $203$29,615
IX-11b Legal feesPrograms $618 · Management $1,328$1,946
IX-11c Accounting feesManagement $9,365$9,365
IX-11f Investment management feesManagement $22,918$22,918
IX-11g Other fees for servicesPrograms $141,237 · Management $1,200$142,437
IX-13 Office expensesPrograms $1,253 · Management $6,272$7,525
IX-14 Information technologyPrograms $122,349$122,349
IX-17 TravelPrograms $1,890 · Management $376$2,266
IX-19 Conferences, conventions and meetingsPrograms $8,670$8,670
IX-22 Depreciation, depletion and amortizationPrograms $25,978 · Management $169$26,147
IX-23 InsuranceManagement $5,313$5,313
IX-24 Other expenses (24a–d)Management $8,990$8,990
IX-25 Total functional expensesPrograms $431,801 · Management $56,828 · Fundraising $0$488,629
Part X · Balance sheet $9,086,459 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $62,374$81,892
X-3 Pledges and grants receivableStart of year $10,500$2,500
X-9 Prepaid expenses and deferred chargesStart of year $57,678$0
X-10c Land, buildings and equipment, netStart of year $96,430$70,283
X-11 Publicly traded securitiesStart of year $7,928,612$8,931,784
X-16 Total assetsStart of year $8,155,594$9,086,459
X-17 Accounts payable and accrued expensesStart of year $2,704$9,406
X-19 Deferred revenue$5,500
X-25 Other liabilitiesStart of year $489,771$307,758
X-26 Total liabilitiesStart of year $492,475$322,664
X-27 Net assets without donor restrictionsStart of year $1,100,660$1,425,516
X-28 Net assets with donor restrictionsStart of year $6,562,459$7,338,279
X-32 Total net assets or fund balancesStart of year $7,663,119$8,763,795
X-33 Total liabilities and net assetsStart of year $8,155,594$9,086,459
Part XI · Reconciliation of net assets $8,763,795 net assets at year end
XI-1 Total revenue$633,542
XI-2 Total expenses$488,629
XI-3 Revenue less expenses$144,913
XI-4 Net assets at start of year$7,663,119
XI-5 Net unrealized gains (losses) on investments$955,763
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,763,795

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

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