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Afip INC FY2020 filing

Tax-deductible

Colleyville, TX501(c)(3)Education EIN 75-2526520Revenue $942K in FY2020Latest return filed Aug 6, 2024

On file with the IRSafip.com4104 Felps Dr Ste J, 76034-3702 · Colleyville, TXTax-exempt since May 2006Publicly supported — 509(a)(2)

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To educate, communicate, promote ethical standards and monitor conduct for finance and insurance managers, primarily in the automobile industry.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $97K a year · 7% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$59K
45% of total assets
Looks good: liabilities are 45% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$942K
Spent
$984K
To programs
87%
Net assets
$73K
By yearFY2020–FY2023
Revenue
$942K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$942K
FY2021$1.4M
FY2022$1.7M
FY2023$1.9M
Expenses
$984K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$984K
FY2021$1.3M
FY2022$1.5M
FY2023$1.7M
Net assets
$73K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$73K
FY2021$128K
FY2022$343K
FY2023$504K

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 (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in May 2006.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $851K Management & general 13% · $132K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
See Afip INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates, communicates, and monitors ethical conduct for finance and insurance managers in the auto industry.

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Provided by the organization

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3 programs · $782K · in their own filed words · FY2020
01

Certification and continuing education courses.

$761Kprogram expense
02

Promote ethical standards and monitor conduct for finance and insurance managers

$21Kprogram expense
03

Education

Pt IX · col B

By the numbers

The FY2020 990, line by line.

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from philanthropy.org
1The main four
Money inPt VIII
$942K
Ln 12
Fees for servicesLn 2g$857K
Other incomeLn 4–11$86K
Money outPt IX
$984K
Ln 25
Programscol B$851K
Managementcol C$132K
Owns and owesPt X
$73K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$132K
LiabilitiesLn 26$59K
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$857K
Other incomeLn 4–11$86K
Total revenueLn 12$942K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
Land, buildings, equipmentLn 10c$1K
Total assetsLn 16$132K
LiabilitiesLn 26$59K
Net assetsLn 32$73K
OperationsPt I, VI
EmployeesI 58
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$105K$3K
Land, buildings, equipmentLn 10c$3K$1K
Total assetsLn 16$255K$132K
LiabilitiesLn 26$141K$59K
Net assetsLn 32$114K$73K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$466K$466K
Other employee benefitsLn 9$67K$67K
Payroll taxesLn 10$36K$36K
Legal feesLn 11b$19K$19K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$215K$215K
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$41K$13K$28K
Information technologyLn 14$17K$17K
OccupancyLn 16$63K$9K$54K
TravelLn 17$23K$22K$954
InterestLn 20$7$7
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$13K$12K$875
Total functional expensesLn 25$984K$851K$132K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 LatestFiled with the IRS Aug 6, 2024 $1.9M$1.7M$161K$504K 990 PDF
FY2022Filed with the IRS Sep 22, 2023 $1.7M$1.5M$215K$343K 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $1.4M$1.3M$55K$128K 990 PDF
FY2020 ViewingFiled with the IRS Nov 15, 2021 $942K$984K−$42K$73K 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 FY2020 990 (6 parts)
Part I · Summary $942,159 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,000,844$856,533
I-10 Investment income$0
I-11 Other revenuePrior year $76,571$85,626
I-12 Total revenuePrior year $1,077,415$942,159
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $560,962$568,220
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $736,698$415,524
I-18 Total expensesPrior year $1,297,660$983,744
I-19 Revenue less expensesPrior year −$220,245−$41,585
Part VI · Governance 0 of 1 board members independent, 5 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $942,159 across 3 lines filed
Lines not itemized here account for −$1,491 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $856,533$856,533
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $87,117$87,117
VIII-12 Total revenueRelated to mission $942,159$942,159
Part IX · Statement of functional expenses $983,744 across 15 lines filed
IX-7 Other salaries and wagesPrograms $465,910$465,910
IX-9 Other employee benefitsPrograms $66,526$66,526
IX-10 Payroll taxesPrograms $35,784$35,784
IX-11b Legal feesManagement $19,382$19,382
IX-11c Accounting feesManagement $5,481$5,481
IX-11g Other fees for servicesPrograms $215,304$215,304
IX-12 Advertising and promotionPrograms $10,751$10,751
IX-13 Office expensesPrograms $12,756 · Management $28,105$40,861
IX-14 Information technologyManagement $17,250$17,250
IX-16 OccupancyPrograms $9,000 · Management $53,686$62,686
IX-17 TravelPrograms $22,254 · Management $954$23,208
IX-20 InterestPrograms $7$7
IX-22 Depreciation, depletion and amortizationPrograms $1,433$1,433
IX-23 InsuranceManagement $6,655$6,655
IX-24 Other expenses (24a–d)Programs $11,631 · Management $875$12,506
IX-25 Total functional expensesPrograms $851,356 · Management $132,388 · Fundraising $0$983,744
Part X · Balance sheet $132,284 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $104,787$3,276
X-4 Accounts receivableStart of year $147,722$127,750
X-10c Land, buildings and equipment, netStart of year $2,691$1,258
X-16 Total assetsStart of year $255,200$132,284
X-25 Other liabilitiesStart of year $140,808$59,477
X-26 Total liabilitiesStart of year $140,808$59,477
X-32 Total net assets or fund balancesStart of year $114,392$72,807
X-33 Total liabilities and net assetsStart of year $255,200$132,284
Part XI · Reconciliation of net assets $72,807 net assets at year end
XI-1 Total revenue$942,159
XI-2 Total expenses$983,744
XI-3 Revenue less expenses−$41,585
XI-4 Net assets at start of year$114,392
XI-10 Net assets at end of year$72,807

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

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