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.
69¢ of each $1 spent went to programs.
$1.4M 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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FY2024 · 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
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.4M
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.0 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
$264K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.8M
+11% vs prior year
Spent
$5.4M
To programs
69%
Net assets
$2.1M
By yearFY2020–FY2025
Revenue
$4.8M
FY2024▲ +11%
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
$5.4M
FY2024▲ +22%
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
$2.1M
FY2024▼ -19%
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 FY2024 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

69 cents of each dollar spent went to programs.

Program services 69% · $3.7M Management & general 31% · $1.7M Fundraising 0% · $5K

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

25 people listed on the 990; $1.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
President and CEO
$270,846Pt VII · Sec A
Managing Director
$195,236Pt VII · Sec A
Senior Director
$155,524Pt VII · Sec A
Membership Director
$130,309Pt VII · Sec A
Regional Program Officer
$130,215Pt VII · Sec A
Senior Director
$122,046Pt VII · Sec A
Strategic Project Director
$115,909Pt VII · Sec A
Regional Program Officer
$104,043Pt 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 15aYes

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 · $3.7M · in their own filed words · FY2024
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 low and moderate income individual, family, and community wealth.

$2.6Mprogram expense
02

Communications and national projects are broadly focused to build economic well-being for low and moderate income individuals and households.

$592Kprogram expense
03

Conferences build awareness of key issues, promising approaches, and timely, relevant research to support strategic and impactful investments in ASSET-BUILDING/ECONOMIC mobility in the U.S.

$498Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$4.8M
Ln 12
Gifts and grantsLn 1h$4.5M
Fees for servicesLn 2g$359K
Investment incomeLn 3$14K
Money outPt IX
$5.4M
Ln 25
Programscol B$3.7M
Managementcol C$1.7M
Fundraisingcol D$5K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$2.4M
LiabilitiesLn 26$264K
PeoplePt VI, VII
25
listed · VII A
PaidVII A10
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.5M
Fees for servicesLn 2g$359K
Investment incomeLn 3$14K
Total revenueLn 12$4.8M
Assets in detailPt X, end of year
CashLn 1$1.8M
Cash and savings togetherLn 1–2$1.8M
Total assetsLn 16$2.4M
LiabilitiesLn 26$264K
Net assetsLn 32$2.1M
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 FY24End FY24
Cash and savingsLn 1–2$1.9M$1.8M
Total assetsLn 16$2.9M$2.4M
LiabilitiesLn 26$271K$264K
Net assetsLn 32$2.6M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$75K$75K
Pay of current officers, directors and key staffLn 5$271K$271K
Other salaries and wagesLn 7$2.7M$1.8M$886K
Other employee benefitsLn 9$535K$350K$185K
Payroll taxesLn 10$233K$148K$85K
Management feesLn 11a$387K$315K$72K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$17K$17K
Other fees for servicesLn 11g$539K$526K$12K
Advertising and promotionLn 12$99K$48K$51K
Office expensesLn 13$32K$14K$14K$4K
Information technologyLn 14$37K$2K$33K$2K
TravelLn 17$159K$142K$16K
Conferences, conventions and meetingsLn 19$254K$251K$3K
InterestLn 20$4K$4K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$10K$2K$8K
Total functional expensesLn 25$5.4M$3.7M$1.7M$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.6M$5.6M−$986K$1.1M 990 PDF
FY2024 Viewing $4.8M$5.4M−$507K$2.1M 990 PDF
FY2023 $4.4M$4.4M$3K$2.6M 990 PDF
FY2022 $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 FY2024 990 (6 parts)
Part I · Summary $4,843,157 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,264,956$4,470,500
I-9 Program service revenuePrior year $112,995$358,859
I-10 Investment income$13,798
I-11 Other revenue$0
I-12 Total revenuePrior year $4,377,951$4,843,157
I-13 Grants and similar amounts paidPrior year $100,000$75,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,974,770$3,725,357
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,299,955$1,550,072
I-18 Total expensesPrior year $4,374,725$5,350,429
I-19 Revenue less expensesPrior year $3,226−$507,272
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $4,843,157 across 7 lines filed
VIII-1b Membership dues$973,000
VIII-1f All other contributions, gifts and grants$3,497,500
VIII-1h Total contributions, gifts and grants$4,470,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $358,859$358,859
VIII-3 Investment incomeRelated to mission $13,798$13,798
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $372,657 · Unrelated business $0 · Excluded from tax $0$4,843,157
Part IX · Statement of functional expenses $5,350,429 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $75,000$75,000
IX-5 Pay of current officers, directors and key staffManagement $270,846$270,846
IX-7 Other salaries and wagesPrograms $1,800,748 · Management $885,729$2,686,477
IX-9 Other employee benefitsPrograms $349,959 · Management $185,047$535,006
IX-10 Payroll taxesPrograms $148,216 · Management $84,812$233,028
IX-11a Management feesPrograms $314,565 · Management $72,365$386,930
IX-11b Legal feesManagement $1,458$1,458
IX-11c Accounting feesManagement $17,014$17,014
IX-11g Other fees for servicesPrograms $526,433 · Management $12,333$538,766
IX-12 Advertising and promotionPrograms $47,994 · Management $50,655$98,649
IX-13 Office expensesPrograms $14,131 · Management $14,360 · Fundraising $3,607$32,098
IX-14 Information technologyPrograms $2,477 · Management $32,647 · Fundraising $1,884$37,008
IX-17 TravelPrograms $142,335 · Management $16,272$158,607
IX-19 Conferences, conventions and meetingsPrograms $251,141 · Management $2,834$253,975
IX-20 InterestManagement $4,050$4,050
IX-23 InsuranceManagement $11,905$11,905
IX-24 Other expenses (24a–d)Programs $1,516 · Management $8,096$9,612
IX-25 Total functional expensesPrograms $3,674,515 · Management $1,670,423 · Fundraising $5,491$5,350,429
Part X · Balance sheet $2,387,259 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $1,926,556$1,789,373
X-4 Accounts receivableStart of year $966,432$578,000
X-9 Prepaid expenses and deferred chargesStart of year $8,755$19,886
X-16 Total assetsStart of year $2,901,743$2,387,259
X-17 Accounts payable and accrued expensesStart of year $121,507$115,398
X-26 Total liabilitiesStart of year $271,407$264,195
X-27 Net assets without donor restrictionsStart of year $957,068$1,508,369
X-28 Net assets with donor restrictionsStart of year $1,673,268$614,695
X-32 Total net assets or fund balancesStart of year $2,630,336$2,123,064
X-33 Total liabilities and net assetsStart of year $2,901,743$2,387,259
Part XI · Reconciliation of net assets $2,123,064 net assets at year end
XI-1 Total revenue$4,843,157
XI-2 Total expenses$5,350,429
XI-3 Revenue less expenses−$507,272
XI-4 Net assets at start of year$2,630,336
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,123,064

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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