The mission of Asset Funders Network is to engage philanthropy to advance equitable wealth building and economic mobility

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$804K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $120K a year · 3% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$804K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
8 mo
of spending, in cash
Looks good: 7.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $150K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$288K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.6M
+30% vs prior year
Spent
$3.4M
To programs
82%
Net assets
$2.6M
By yearFY2020–FY2025
Revenue
$3.6M
FY2022▲ +30%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.8M
FY2021$2.8M
FY2022$3.6M
FY2023$4.4M
FY2024$4.8M
FY2025$4.6M
Expenses
$3.4M
FY2022▲ +24%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.9M
FY2021$2.7M
FY2022$3.4M
FY2023$4.4M
FY2024$5.4M
FY2025$5.6M
Net assets
$2.6M
FY2022▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.3M
FY2021$2.4M
FY2022$2.6M
FY2023$2.6M
FY2024$2.1M
FY2025$1.1M

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 (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2019.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $2.8M Management & general 13% · $429K Fundraising 5% · $183K

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

26 people listed on the 990; $804K paid to officers and key staff.

Part VII, Section A · reportable compensation
President an
$214,885Pt VII · Sec A
Project Mana
$213,113Pt VII · Sec A
Managing Dir
$160,215Pt VII · Sec A
Communicatio
$111,335Pt VII · Sec A
Senior Direc
$104,011Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Joseph a Antolin’s $277K as President and CEO is at the 93rd percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Joseph a Antolin$276,718$270,846$249,708$214,885$191,750$216,300
Karen Murrell—$130,309$191,363$213,113$185,550$170,625
Annika Little$199,719$195,236$193,228$160,215$157,333$150,360
Abby Hughes Holsclaw$167,652$155,524$163,466—$128,045$130,908
Leah Mayor$156,273$122,046$116,050———
Karama Neal$149,432$115,909————
Rebeca Rangel$148,734$103,003————
Sara Bishop$135,025—————

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

Connects funders to boost economic opportunity for low-income people.

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Provided by the organization

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3 programs · $2.8M · in their own filed words · FY2022
01

Regions and regional projects seek to connect grantmakers and colleagues in nonprofit, public, and private sectors to facilitate collaboration and maximize their impact on individual, family, and community wealth.

$1.3Mprogram expense
02

Communications and national projects are broadly focused to build economic well-being for low- and middle-income people.

$966Kprogram expense
03

Conferences build awareness of key issues, promising approaches, and timely, relevant research to support strategic and impactful investments.

$478Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$150K
Grants paid · 12 grants · $175K · 2023–2024
Texas Fair Defense ProjectTX · FY2024$67,000
Individual RecipientFY2023$10,000
Mana a National Latina OrgFY2023$10,000
Zan Wesley Holmes JR Comm CtrFY2023$10,000
3-N-1 Trinity Services INCTX · FY2023$10,000
Hispanic Women's Network of TexasFY2023$10,000
Cuidado Casero FoundationTX · FY2023$10,000
Stars United Global OutreachTX · FY2023$10,000
Aaliyah Is Healed FoundationTX · FY2023$10,000
Individual RecipientFY2023$10,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$3.6M
Ln 12
Gifts and grantsLn 1h$3.4M
Fees for servicesLn 2g$171K
Money outPt IX
$3.4M
Ln 25
Programscol B$2.8M
Managementcol C$429K
Fundraisingcol D$183K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$2.9M
LiabilitiesLn 26$288K
PeoplePt VI, VII
26
listed · VII A
PaidVII A5
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.4M
Fees for servicesLn 2g$171K
Total revenueLn 12$3.6M
Assets in detailPt X, end of year
CashLn 1$2.2M
Cash and savings togetherLn 1–2$2.2M
Total assetsLn 16$2.9M
LiabilitiesLn 26$288K
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 540
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$2.3M$2.2M
Total assetsLn 16$2.6M$2.9M
LiabilitiesLn 26$230K$288K
Net assetsLn 32$2.4M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$235K$60K$152K$24K
Other salaries and wagesLn 7$2.0M$1.6M$210K$125K
Pension plan contributionsLn 8$77K$62K$8K$6K
Other employee benefitsLn 9$85K$65K$13K$7K
Payroll taxesLn 10$135K$101K$23K$11K
Accounting feesLn 11c$21K$16K$3K$1K
Other fees for servicesLn 11g$473K$472K$781$332
Office expensesLn 13$60K$52K$5K$2K
Information technologyLn 14$47K$36K$7K$3K
TravelLn 17$50K$49K$259$110
Conferences, conventions and meetingsLn 19$183K$182K$607$259
InterestLn 20$4K$3K$646$275
InsuranceLn 23$7K$6K$1K$510
Other expenses (24a–d)Ln 24$27K$22K$3K$1K
All other expensesLn 24e$746$574$121$51
Total functional expensesLn 25$3.4M$2.8M$429K$183K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.6M$5.6M−$986K$1.1M 990 PDF
FY2024 $4.8M$5.4M−$507K$2.1M 990 PDF
FY2023 $4.4M$4.4M$3K$2.6M 990 PDF
FY2022 Viewing $3.6M$3.4M$230K$2.6M 990 PDF
FY2021 $2.8M$2.7M$60K$2.4M 990 PDF
FY2020 $3.8M$1.9M$1.9M$2.3M 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 J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $3,609,327 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,541,750$3,438,030
I-9 Program service revenuePrior year $245,000$171,297
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $2,786,750$3,609,327
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,958,101$2,506,047
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $769,134$873,021
I-18 Total expensesPrior year $2,727,235$3,379,068
I-19 Revenue less expensesPrior year $59,515$230,259
Part VI · Governance 21 of 21 board members independent, 1 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
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 $3,609,327 across 5 lines filed
VIII-1b Membership dues$778,500
VIII-1f All other contributions, gifts and grants$2,659,530
VIII-1h Total contributions, gifts and grants$3,438,030
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $171,297$171,297
VIII-12 Total revenueRelated to mission $171,297$3,609,327
Part IX · Statement of functional expenses $3,379,068 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $59,715 · Management $151,981 · Fundraising $23,522$235,218
IX-7 Other salaries and wagesPrograms $1,639,395 · Management $210,153 · Fundraising $124,847$1,974,395
IX-8 Pension plan contributionsPrograms $62,488 · Management $8,420 · Fundraising $6,261$77,169
IX-9 Other employee benefitsPrograms $64,502 · Management $12,757 · Fundraising $7,494$84,753
IX-10 Payroll taxesPrograms $100,931 · Management $22,999 · Fundraising $10,582$134,512
IX-11c Accounting feesPrograms $16,380 · Management $3,454 · Fundraising $1,468$21,302
IX-11g Other fees for servicesPrograms $471,662 · Management $781 · Fundraising $332$472,775
IX-13 Office expensesPrograms $52,421 · Management $5,060 · Fundraising $2,150$59,631
IX-14 Information technologyPrograms $36,364 · Management $7,486 · Fundraising $3,181$47,031
IX-17 TravelPrograms $49,397 · Management $259 · Fundraising $110$49,766
IX-19 Conferences, conventions and meetingsPrograms $182,485 · Management $607 · Fundraising $259$183,351
IX-20 InterestPrograms $3,063 · Management $646 · Fundraising $275$3,984
IX-23 InsurancePrograms $5,691 · Management $1,200 · Fundraising $510$7,401
IX-24 Other expenses (24a–d)Programs $22,058 · Management $3,491 · Fundraising $1,485$27,034
IX-24e All other expensesPrograms $574 · Management $121 · Fundraising $51$746
IX-25 Total functional expensesPrograms $2,767,126 · Management $429,415 · Fundraising $182,527$3,379,068
Part X · Balance sheet $2,915,517 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $2,294,916$2,211,817
X-4 Accounts receivableStart of year $327,000$699,500
X-9 Prepaid expenses and deferred chargesStart of year $4,992$4,200
X-16 Total assetsStart of year $2,626,908$2,915,517
X-17 Accounts payable and accrued expensesStart of year $80,157$138,507
X-26 Total liabilitiesStart of year $230,057$288,407
X-27 Net assets without donor restrictionsStart of year $789,146$1,559,585
X-28 Net assets with donor restrictionsStart of year $1,607,705$1,067,525
X-32 Total net assets or fund balancesStart of year $2,396,851$2,627,110
X-33 Total liabilities and net assetsStart of year $2,626,908$2,915,517
Part XI · Reconciliation of net assets $2,627,110 net assets at year end
XI-1 Total revenue$3,609,327
XI-2 Total expenses$3,379,068
XI-3 Revenue less expenses$230,259
XI-4 Net assets at start of year$2,396,851
XI-10 Net assets at end of year$2,627,110

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

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