Our American Future Foundation: Nonprofit Profile, Financials & Form 990 (EIN 88-4235954)

Revenue by fiscal year
FY2023	$11.2M
FY2024	$120.3M
FY2024	$104.4M

Expenses by fiscal year
FY2023	$5.8M
FY2024	$93.2M
FY2024	$105.3M

Net assets by fiscal year
FY2023	$5.4M
FY2024	$32.5M
FY2024	$31.7M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2022.

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

Part of a larger organization · Schedule R

Our American Future Foundation files its own Form 990, but Schedule R discloses 2 related entities — figures on this page are for this EIN only, not the whole group.

Our American Future Action · Our American Future Action · See Schedule R

Combined filings · FY2024 · 2 entities with data

Simple sum of each entity's Form 990 headline figures — not audited consolidated financials. This page's EIN is 43% of group revenue.

Group revenue

$240.3M

Group expenses

$291.4M

Group net assets

$64.2M

Our American Future Action · $135.9M rev · $32.6M net assets

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $105.0M Management & general 0% · $286K Fundraising 0% · $171

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

4 people listed on the 990.

Part VII, Section A · reportable compensation

Rebecca Pearcey

President

$0Pt VII · Sec A

Brennan Bilberry

Director

$0Pt VII · Sec A

Hayley Dierker

Treasurer

$0Pt VII · Sec A

Kathleen Nee

CEO

$0Pt VII · Sec A

See Our American Future 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 15aNo

Programs and updates

Promotes equitable, just, and sustainable futures through pro-worker policies and expanded healthcare access.

Provided by the organization

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2 programs · $105.0M · in their own filed words · FY2024

01

Expand Economic Opportunity

Working to help more people achieve the american dream through the advancement of pro-worker public policy, promoting family and economic security, lowering the cost of prescription drugs, and expanding access to healthcare including reproductive care.

$86.2Mprogram expense

02

Promote Civic Responsibility

Strengthening america and its institutions, researching and developing public policy, and encouraging civic participation.

$18.8Mprogram 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 · FY2024

Fidelity Investments Charitable Gift FundFY2024$44.6M

National Philanthropic TrustFY2024$12.1M

Munger Charitable Tr Number EightFY2024$5.8M

The Sherwood FoundationFY2024$2.5M

Hopewell FundFY2024$2.5M

Gill FoundationFY2024$2.0M

Vanguard Charitable Endowment ProgramFY2024$2.0M

Combined Jewish Philanthropies of Greater Boston INCFY2024$2.0M

Total grants receivedfrom 36 funders$79.5M

See all 36 funders →

Grants paid · 52 grants · $200.5M · 2022–2024

Our American Future ActionDC · FY2024$73,000,000

Workmoney Foundation INCWI · FY2024$9,600,000

Voter Registration ProjectDC · FY2024$5,000,000

Notley ImpactTX · FY2024$2,500,000

New Politics Leadership Academy INCMA · FY2024$2,500,000

Accelerate Change INCMA · FY2024$2,000,000

Tides FoundationCA · FY2024$1,000,000

Shared Ascent FundCA · FY2024$1,000,000

Public Rights ProjectCA · FY2024$1,000,000

National Council of Negro Women INCDC · FY2024$500,000

New Venture FundDC · FY2024$400,000

HeadcountNY · FY2024$400,000

Constitutional Accountability CenterDC · FY2024$400,000

Women of Color Advancing Peace and Security WcapsDC · FY2024$300,000

Rutgers University FoundationNJ · FY2024$300,000

Includus FundVA · FY2024$300,000

IgniteCA · FY2024$300,000

The Niskanen Center INCDC · FY2024$250,000

See all 52 grants →

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$104.4M

Ln 12

Gifts and grantsLn 1h$104.0M

Investment incomeLn 3$401K

Money outPt IX

$105.3M

Ln 25

Programscol B$105.0M

Managementcol C$286K

Fundraisingcol D$171

Owns and owesPt X

$31.7M

net assets · Ln 32

Cash and savingsLn 1–2$14.7M

Total assetsLn 16$31.7M

LiabilitiesLn 26$33K

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$104.0M

Noncash giftsLn 1g$7.0M

Investment incomeLn 3$401K

Gains on assetsLn 7−$68K

Total revenueLn 12$104.4M

Assets in detailPt X, end of year

CashLn 1$14.7M

Cash and savings togetherLn 1–2$14.7M

InvestmentsLn 11–13$44K

Total assetsLn 16$31.7M

LiabilitiesLn 26$33K

Net assetsLn 32$31.7M

OperationsPt I, VI

EmployeesI 50

VolunteersI 63

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$30.9M	$14.7M
InvestmentsLn 11–13	$1.6M	$44K
Total assetsLn 16	$32.6M	$31.7M
LiabilitiesLn 26	$77K	$33K
Net assetsLn 32	$32.5M	$31.7M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$103.8M	$103.8M
Management feesLn 11a	$361K	$176K	$185K	$171
Legal feesLn 11b	$24K		$24K
Accounting feesLn 11c	$55K		$55K
Investment management feesLn 11f	$3K		$3K
Other fees for servicesLn 11g	$1.0M	$1.0M	$5K
Office expensesLn 13	$160		$160
Information technologyLn 14	$2K		$2K
InsuranceLn 23	$9K		$9K
Other expenses (24a–d)Ln 24	$3K		$3K
Total functional expensesLn 25	$105.3M	$105.0M	$286K	$171

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024	$120.3M	$93.2M	$27.1M	$32.5M	990 PDF
FY2023	$11.2M	$5.8M	$5.4M	$5.4M	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 FY2024 990 (6 parts)

Part I · Summary $104,446,737 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $119,701,560$104,045,302

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $616,964$401,435

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $120,318,524$104,446,737

I-13 Grants and similar amounts paidPrior year $92,022,000$103,780,000

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $1,194,085$1,475,965

I-18 Total expensesPrior year $93,216,085$105,255,965

I-19 Revenue less expensesPrior year $27,102,439−$809,228

Part VI · Governance 3 of 3 board members independent, 1 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

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 $104,446,737 across 6 lines filed

VIII-1f All other contributions, gifts and grants$104,045,302

VIII-1g Noncash contributions (included above)$7,032,981

VIII-1h Total contributions, gifts and grants$104,045,302

VIII-3 Investment incomeExcluded from tax $469,478$469,478

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$68,043−$68,043

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $401,435$104,446,737

Part IX · Statement of functional expenses $105,255,965 across 10 lines filed

IX-1 Grants to domestic organizationsPrograms $103,780,000$103,780,000

IX-11a Management feesPrograms $176,147 · Management $184,775 · Fundraising $171$361,093

IX-11b Legal feesManagement $24,146$24,146

IX-11c Accounting feesManagement $55,217$55,217

IX-11f Investment management feesManagement $2,896$2,896

IX-11g Other fees for servicesPrograms $1,013,599 · Management $5,000$1,018,599

IX-13 Office expensesManagement $160$160

IX-14 Information technologyManagement $1,848$1,848

IX-23 InsuranceManagement $8,820$8,820

IX-24 Other expenses (24a–d)Management $3,186$3,186

IX-25 Total functional expensesPrograms $104,969,746 · Management $286,048 · Fundraising $171$105,255,965

Part X · Balance sheet $31,696,905 assets, 10 lines filed

X-1 Cash, non-interest-bearingStart of year $30,880,760$14,652,571

X-4 Accounts receivableStart of year $49,617$17,000,000

X-11 Publicly traded securitiesStart of year $1,619,779$44,334

X-16 Total assetsStart of year $32,550,156$31,696,905

X-17 Accounts payable and accrued expensesStart of year $76,649$32,646

X-26 Total liabilitiesStart of year $76,649$32,646

X-27 Net assets without donor restrictionsStart of year $32,473,507$8,964,259

X-28 Net assets with donor restrictions$22,700,000

X-32 Total net assets or fund balancesStart of year $32,473,507$31,664,259

X-33 Total liabilities and net assetsStart of year $32,550,156$31,696,905

Part XI · Reconciliation of net assets $31,664,259 net assets at year end

XI-1 Total revenue$104,446,737

XI-2 Total expenses$105,255,965

XI-3 Revenue less expenses−$809,228

XI-4 Net assets at start of year$32,473,507

XI-5 Net unrealized gains (losses) on investments−$20

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$31,664,259

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

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Our American Future Foundation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Expand Economic Opportunity

Promote Civic Responsibility

Funders

Grants

Related Organizations

By the numbers

Filing history

Schedules filed Part IV