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Aoba Educational Foundation FY2022 filing

Tax-deductible

Washington, DC501(c)(3)EducationEIN 82-2947514Revenue $250K in FY2022

On file with the IRSaobafoundation.org1025 Connecticut Ave Nw Ste 1005, 20036-5417 · Washington, DCTax-exempt since Jul 2018Publicly supported — 509(a)(2)

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The Aoba Educational Foundation (aef), a 501(c)(3) non-profit organization, was created to address the talent crisis in the commercial real estate industry by focusing on the critical need to promote careers in building operations, engineering, and maintenance. We connect job seekers, training centers, workforce development programs, and employers all to help companies recruit, develop, train, and retain the next generation of skilled tradespeople in the metro DC region. Our work provides long-term, tangible economic benefits and a workforce development pathway to stable, lucrative careers. For years, commercial property managers have been challenged to recruit, hire, and retain the next generation of building operations employees. In response to this pressing need, the aef was formed as a vehicle to create a comprehensive, regional solution to what many refer to as the engineering talent crisis. Although our primary mission is focused on commercial real estate careers, we are also tak

501(c)(3) charity; gifts are tax-deductible.
67¢ 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $44K a year · 17% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
21 mo
of spending, in cash
Looks good: 20.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$250K
-6% vs prior year
Spent
$213K
To programs
67%
Net assets
$371K
By yearFY2020–FY2024
Revenue
$250K
FY2022▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$250K
FY2021$265K
FY2022$250K
FY2023$259K
FY2024$262K
Expenses
$213K
FY2022▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020$162K
FY2021$179K
FY2022$213K
FY2023$235K
FY2024$276K
Net assets
$371K
FY2022▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$248K
FY2021$335K
FY2022$371K
FY2023$396K
FY2024$381K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2018.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $144K Management & general 20% · $43K Fundraising 13% · $27K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
David Ferrara
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Margaret O Jeffers
Executive VP
$0Pt VII · Sec A
Diane Peters
Chair, Treas
$0Pt VII · Sec A

Diane Peters’s $121K as Chair, Treas is at the 90th percentile of top reported officer pay among 1613 $100K–1M education 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.

See Aoba Educational 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 15aYes

Programs and updates

Connects job seekers with training and employers for commercial real estate careers.

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Provided by the organization

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1 program · $144K · in their own filed words · FY2022
01

The main purpose and undertaking of the aef is to address a commercial real estate talent crises by focusing on the critical need to promote careers in property management engineering and maintenance. To facilitate this purpose the aef launched the office building engineering internship program.

$144Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$250K
Ln 12
Gifts and grantsLn 1h$250K
Investment incomeLn 3$73
Money outPt IX
$213K
Ln 25
Programscol B$144K
Managementcol C$43K
Fundraisingcol D$27K
Owns and owesPt X
$371K
net assets · Ln 32
Cash and savingsLn 1–2$371K
Total assetsLn 16$371K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$250K
Investment incomeLn 3$73
Total revenueLn 12$250K
Assets in detailPt X, end of year
SavingsLn 2$371K
Cash and savings togetherLn 1–2$371K
Total assetsLn 16$371K
LiabilitiesLn 26$0
Net assetsLn 32$371K
OperationsPt I, VI
EmployeesI 50
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 FY22End FY22
Cash and savingsLn 1–2$335K$371K
Total assetsLn 16$335K$371K
LiabilitiesLn 26$0$0
Net assetsLn 32$335K$371K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$196K$133K$38K$24K
Office expensesLn 13$2K$1K$491$311
Information technologyLn 14$13K$8K$3K$2K
InsuranceLn 23$2K$1K$605$382
Total functional expensesLn 25$213K$144K$43K$27K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $262K$276K−$14K$381K 990 PDF
FY2023 $259K$235K$24K$396K 990 PDF
FY2022 Viewing $250K$213K$37K$371K 990 PDF
FY2021 $265K$179K$86K$335K 990 PDF
FY2020 $250K$162K$88K$248K 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 FY2022 990 (6 parts)
Part I · Summary $250,122 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $265,000$250,049
I-9 Program service revenue$0
I-10 Investment incomePrior year $27$73
I-11 Other revenue$0
I-12 Total revenuePrior year $265,027$250,122
I-13 Grants and similar amounts paidPrior year $5,000$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising feesPrior year $972$0
I-17 Other expensesPrior year $172,914$213,291
I-18 Total expensesPrior year $178,886$213,291
I-19 Revenue less expensesPrior year $86,141$36,831
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $250,122 across 4 lines filed
VIII-1f All other contributions, gifts and grants$250,049
VIII-1h Total contributions, gifts and grants$250,049
VIII-3 Investment incomeExcluded from tax $73$73
VIII-12 Total revenueExcluded from tax $73$250,122
Part IX · Statement of functional expenses $213,291 across 4 lines filed
IX-11g Other fees for servicesPrograms $133,455 · Management $38,188 · Fundraising $24,129$195,772
IX-13 Office expensesPrograms $1,078 · Management $491 · Fundraising $311$1,880
IX-14 Information technologyPrograms $7,642 · Management $3,482 · Fundraising $2,200$13,324
IX-23 InsurancePrograms $1,328 · Management $605 · Fundraising $382$2,315
IX-25 Total functional expensesPrograms $143,503 · Management $42,766 · Fundraising $27,022$213,291
Part X · Balance sheet $371,335 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $334,504$371,335
X-16 Total assetsStart of year $334,504$371,335
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $334,504$371,335
X-32 Total net assets or fund balancesStart of year $334,504$371,335
X-33 Total liabilities and net assetsStart of year $334,504$371,335
Part XI · Reconciliation of net assets $371,335 net assets at year end
XI-1 Total revenue$250,122
XI-2 Total expenses$213,291
XI-3 Revenue less expenses$36,831
XI-4 Net assets at start of year$334,504
XI-10 Net assets at end of year$371,335

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

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