Afsa Education Foundation: FY2021 Nonprofit Profile & Form 990 (EIN 52-1673101)

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

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
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.

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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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2 programs · $671K · in their own filed words · FY2021

01

Management Development Programs

The afsaef leadership development program was held at the university of north carolina at chapel hill with 30 participants from 9 afsa member companies. Sessions focused on managing and leading, strategy issues, ethics, developing and delivering professional presentations, team building, negotiations, change simulation, industry update…

$356Kprogram expense

02

Moneyskill

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

$315Kprogram 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

Vanguard Charitable Endowment ProgramFY2024$50K

R H Parker-United FoundationFY2024$27K

Ally Charitable FoundationFY2024$20K

Fidelity Investments Charitable Gift FundFY2024$20K

Total grants receivedfrom 4 funders$117K

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By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1.7M

Ln 12

Investment incomeLn 3$1.1M

Fees for servicesLn 2g$388K

Gifts and grantsLn 1h$249K

Money outPt IX

$765K

Ln 25

Programscol B$671K

Managementcol C$94K

Owns and owesPt X

$9.7M

net assets · Ln 32

Cash and savingsLn 1–2$331K

Total assetsLn 16$9.9M

LiabilitiesLn 26$179K

PeoplePt VI, VII

24

listed · VII A

PaidVII A1

Voting boardVI 1a22

IndependentVI 1b22

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$249K

Fees for servicesLn 2g$388K

Investment incomeLn 3$1.1M

Gains on assetsLn 7$639K

Total revenueLn 12$1.7M

Assets in detailPt X, end of year

CashLn 1$331K

Cash and savings togetherLn 1–2$331K

InvestmentsLn 11–13$9.5M

Land, buildings, equipmentLn 10c$44K

Total assetsLn 16$9.9M

LiabilitiesLn 26$179K

Net assetsLn 32$9.7M

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$82K	$331K
InvestmentsLn 11–13	$8.9M	$9.5M
Land, buildings, equipmentLn 10c	$70K	$44K
Total assetsLn 16	$9.1M	$9.9M
LiabilitiesLn 26	$323K	$179K
Net assetsLn 32	$8.8M	$9.7M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$102K	$102K	$654
Pension plan contributionsLn 8	$7K	$7K	$47
Other employee benefitsLn 9	$35K	$35K	$226
Legal feesLn 11b	$428		$428
Accounting feesLn 11c	$12K		$12K
Investment management feesLn 11f	$27K		$27K
Other fees for servicesLn 11g	$89K	$87K	$1K
Office expensesLn 13	$11K	$5K	$6K
Information technologyLn 14	$52K	$52K
TravelLn 17	$4K	$3K	$1K
Conferences, conventions and meetingsLn 19	$164K	$149K	$15K
Depreciation, depletion and amortizationLn 22	$26K	$26K	$167
InsuranceLn 23	$6K		$6K
Other expenses (24a–d)Ln 24	$228K	$204K	$25K
Total functional expensesLn 25	$765K	$671K	$94K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
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 Viewing	$1.7M	$765K	$946K	$9.7M	990 PDF
FY2020	$634K	$489K	$145K	$8.8M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $1,711,456 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $567,805$249,140

I-9 Program service revenuePrior year $300$388,500

I-10 Investment incomePrior year $65,437$1,073,816

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $633,542$1,711,456

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 $130,703$144,970

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $357,926$620,132

I-18 Total expensesPrior year $488,629$765,102

I-19 Revenue less expensesPrior year $144,913$946,354

Part VI · Governance 22 of 22 board members independent, 1 to look at

VI-1a Voting members of the governing body22

VI-1b Independent voting members22

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 $1,711,456 across 6 lines filed

VIII-1f All other contributions, gifts and grants$249,140

VIII-1h Total contributions, gifts and grants$249,140

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $388,500$388,500

VIII-3 Investment incomeExcluded from tax $434,368$434,368

VIII-7 Net gain or loss on sales of assetsExcluded from tax $639,448$639,448

VIII-12 Total revenueRelated to mission $388,500 · Unrelated business $0 · Excluded from tax $1,073,816$1,711,456

Part IX · Statement of functional expenses $765,102 across 14 lines filed

IX-7 Other salaries and wagesPrograms $101,649 · Management $654$102,303

IX-8 Pension plan contributionsPrograms $7,235 · Management $47$7,282

IX-9 Other employee benefitsPrograms $35,159 · Management $226$35,385

IX-11b Legal feesManagement $428$428

IX-11c Accounting feesManagement $12,400$12,400

IX-11f Investment management feesManagement $27,021$27,021

IX-11g Other fees for servicesPrograms $87,424 · Management $1,200$88,624

IX-13 Office expensesPrograms $5,011 · Management $5,636$10,647

IX-14 Information technologyPrograms $52,286$52,286

IX-17 TravelPrograms $3,197 · Management $1,088$4,285

IX-19 Conferences, conventions and meetingsPrograms $149,164 · Management $14,832$163,996

IX-22 Depreciation, depletion and amortizationPrograms $25,981 · Management $167$26,148

IX-23 InsuranceManagement $5,842$5,842

IX-24 Other expenses (24a–d)Programs $203,575 · Management $24,880$228,455

IX-25 Total functional expensesPrograms $670,681 · Management $94,421 · Fundraising $0$765,102

Part X · Balance sheet $9,903,629 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $81,892$331,430

X-3 Pledges and grants receivableStart of year $2,500$5,249

X-10c Land, buildings and equipment, netStart of year $70,283$44,135

X-11 Publicly traded securitiesStart of year $8,931,784$9,522,815

X-16 Total assetsStart of year $9,086,459$9,903,629

X-17 Accounts payable and accrued expensesStart of year $9,406$8,831

X-19 Deferred revenueStart of year $5,500$103,500

X-25 Other liabilitiesStart of year $307,758$67,022

X-26 Total liabilitiesStart of year $322,664$179,353

X-27 Net assets without donor restrictionsStart of year $1,425,516$1,977,818

X-28 Net assets with donor restrictionsStart of year $7,338,279$7,746,458

X-32 Total net assets or fund balancesStart of year $8,763,795$9,724,276

X-33 Total liabilities and net assetsStart of year $9,086,459$9,903,629

Part XI · Reconciliation of net assets $9,724,276 net assets at year end

XI-1 Total revenue$1,711,456

XI-2 Total expenses$765,102

XI-3 Revenue less expenses$946,354

XI-4 Net assets at start of year$8,763,795

XI-5 Net unrealized gains (losses) on investments$14,127

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$9,724,276

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Afsa Education Foundation FY2021 filing

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