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
92 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
23 people listed on the 990; $104K paid to officers and key staff.
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.
Questions for Afsa Education Foundation
Your first name shows with your question. Afsa Education Foundation answers here, for everyone.
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Management Development Programs
The afsaef leadership development program was held near the university of north carolina in chapel hill with 36 participants from 11 afsa member companies. Sessions focused on developing leadership and management self-awareness, inclusive leadership, strategic thinking, ethics, team building, negotiations, change simulation, industry…
Moneyskill
An online personal finance course with 37 modules in english and spanish, educates students on basic money-management fundamentals and is available to educators at no cost. The curriculum includes content areas of income, expenses, savings, investment, credit, insurance, and more.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $331K | $207K |
| InvestmentsLn 11–13 | $9.5M | $8.2M |
| Land, buildings, equipmentLn 10c | $44K | $19K |
| Total assetsLn 16 | $9.9M | $8.4M |
| LiabilitiesLn 26 | $179K | $67K |
| Net assetsLn 32 | $9.7M | $8.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $104K | $103K | $637 | |
| Pension plan contributionsLn 8 | $8K | $8K | $51 | |
| Other employee benefitsLn 9 | $42K | $42K | $258 | |
| Legal feesLn 11b | $722 | $722 | ||
| Accounting feesLn 11c | $13K | $13K | ||
| Investment management feesLn 11f | $24K | $24K | ||
| Other fees for servicesLn 11g | $94K | $94K | ||
| Office expensesLn 13 | $22K | $10K | $12K | |
| Information technologyLn 14 | $3K | $3K | ||
| TravelLn 17 | $27K | $12K | $15K | |
| Conferences, conventions and meetingsLn 19 | $270K | $262K | $9K | |
| Depreciation, depletion and amortizationLn 22 | $25K | $25K | $153 | |
| Other expenses (24a–d)Ln 24 | $280K | $279K | $380 | |
| Total functional expensesLn 25 | $914K | $839K | $75K | $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 Viewing | $1.3M | $914K | $425K | $8.4M | 990 PDF |
| FY2021 | $1.7M | $765K | $946K | $9.7M | 990 PDF |
| FY2020 | $634K | $489K | $145K | $8.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $1,338,350 revenue, 12 lines filed
Part VI · Governance 21 of 21 board members independent, 1 to look at
Part VIII · Statement of revenue $1,338,350 across 6 lines filed
Part IX · Statement of functional expenses $913,594 across 13 lines filed
Part X · Balance sheet $8,421,256 assets, 14 lines filed
Part XI · Reconciliation of net assets $8,354,600 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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