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Afip INC FY2022 filing

Tax-deductible

Colleyville, TX501(c)(3)Education EIN 75-2526520Revenue $1.7M in FY2022Latest 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.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$64K
16% of total assets
Looks good: liabilities are 16% 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
$1.7M
+22% vs prior year
Spent
$1.5M
To programs
80%
Net assets
$343K
By yearFY2020–FY2023
Revenue
$1.7M
FY2022▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$942K
FY2021$1.4M
FY2022$1.7M
FY2023$1.9M
Expenses
$1.5M
FY2022▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$984K
FY2021$1.3M
FY2022$1.5M
FY2023$1.7M
Net assets
$343K
FY2022▲ +169%
Tap a bar for its year
Net assets by fiscal year
FY2020$73K
FY2021$128K
FY2022$343K
FY2023$504K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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

80 cents of each dollar spent went to programs.

Program services 80% · $1.2M Management & general 20% · $292K

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 · $1.1M · in their own filed words · FY2022
01

Certification and continuing education courses.

$1.1Mprogram expense
02

Promote ethical standards and monitor conduct for finance and insurance managers

$8Kprogram expense
03

Education

Pt IX · col B

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.7M
Ln 12
Fees for servicesLn 2g$1.7M
Other incomeLn 4–11$14K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.2M
Managementcol C$292K
Owns and owesPt X
$343K
net assets · Ln 32
Cash and savingsLn 1–2$229K
Total assetsLn 16$407K
LiabilitiesLn 26$64K
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$1.7M
Other incomeLn 4–11$14K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$229K
Cash and savings togetherLn 1–2$229K
Land, buildings, equipmentLn 10c$107
Total assetsLn 16$407K
LiabilitiesLn 26$64K
Net assetsLn 32$343K
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 FY22End FY22
Cash and savingsLn 1–2$47K$229K
Land, buildings, equipmentLn 10c$408$107
Total assetsLn 16$197K$407K
LiabilitiesLn 26$69K$64K
Net assetsLn 32$128K$343K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$487K$487K
Other employee benefitsLn 9$83K$83K
Payroll taxesLn 10$38K$38K
Legal feesLn 11b$25K$25K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$275K$275K
Advertising and promotionLn 12$34K$34K
Office expensesLn 13$136K$49K$86K
Information technologyLn 14$57K$57K
OccupancyLn 16$72K$72K
TravelLn 17$223K$223K
Conferences, conventions and meetingsLn 19$933$933
Depreciation, depletion and amortizationLn 22$301$301
InsuranceLn 23$45K$45K
Other expenses (24a–d)Ln 24$10K$9K$757
All other expensesLn 24e$25$25
Total functional expensesLn 25$1.5M$1.2M$292K$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
FY2022 ViewingFiled 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
FY2020Filed 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 FY2022 990 (6 parts)
Part I · Summary $1,707,064 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,333,837$1,693,425
I-10 Investment income$0
I-11 Other revenuePrior year $63,083$13,639
I-12 Total revenuePrior year $1,396,920$1,707,064
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $588,061$608,768
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $754,099$883,187
I-18 Total expensesPrior year $1,342,160$1,491,955
I-19 Revenue less expensesPrior year $54,760$215,109
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 $1,707,064 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,693,425$1,693,425
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $13,639$13,639
VIII-12 Total revenueRelated to mission $1,707,064$1,707,064
Part IX · Statement of functional expenses $1,491,955 across 16 lines filed
IX-7 Other salaries and wagesPrograms $487,397$487,397
IX-9 Other employee benefitsPrograms $83,065$83,065
IX-10 Payroll taxesPrograms $38,306$38,306
IX-11b Legal feesManagement $25,204$25,204
IX-11c Accounting feesManagement $5,957$5,957
IX-11g Other fees for servicesPrograms $275,364$275,364
IX-12 Advertising and promotionPrograms $33,535$33,535
IX-13 Office expensesPrograms $49,381 · Management $86,284$135,665
IX-14 Information technologyManagement $57,114$57,114
IX-16 OccupancyManagement $72,098$72,098
IX-17 TravelPrograms $222,597$222,597
IX-19 Conferences, conventions and meetingsPrograms $933$933
IX-22 Depreciation, depletion and amortizationPrograms $301$301
IX-23 InsuranceManagement $44,770$44,770
IX-24 Other expenses (24a–d)Programs $8,867 · Management $757$9,624
IX-24e All other expensesManagement $25$25
IX-25 Total functional expensesPrograms $1,199,746 · Management $292,209 · Fundraising $0$1,491,955
Part X · Balance sheet $406,662 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $47,099$228,619
X-4 Accounts receivableStart of year $149,089$177,936
X-10c Land, buildings and equipment, netStart of year $408$107
X-16 Total assetsStart of year $196,596$406,662
X-25 Other liabilitiesStart of year $69,029$63,986
X-26 Total liabilitiesStart of year $69,029$63,986
X-32 Total net assets or fund balancesStart of year $127,567$342,676
X-33 Total liabilities and net assetsStart of year $196,596$406,662
Part XI · Reconciliation of net assets $342,676 net assets at year end
XI-1 Total revenue$1,707,064
XI-2 Total expenses$1,491,955
XI-3 Revenue less expenses$215,109
XI-4 Net assets at start of year$127,567
XI-10 Net assets at end of year$342,676

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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