2024-10-03T14:23:03-05:00 2023-12-31 541487262 MATTHEWS CARTER & BOYCE PC 12500 FAIR LAKES CIRCLE SUITE 260 FAIRFAX VA 22033 990 2023-01-01 521673101 AFSA EDUCATION FOUNDATION AFSA 2024668611 1750 H STREET NW 650 WASHINGTON DC 20006 RHONDA ASHBURN EXECUTIVE DIRECTOR 2024668611 2024-10-03 1 0 CHARLES R DEPPE P01300682 7032183600 2023 2024-10-15 13:58:12Z X RHONDA ASHBURN 1750 H STREET NW 650 WASHINGTON DC 20006 2177057 0 X WWW.AFSAEF.ORG X 1990 DC THE MISSION OF AMERICAN FINANCIAL SERVICES ASSOCIATION EDUCATION FOUNDATION (AFSAEF) IS TO EDUCATE CONSUMERS OF ALL AGES ON PERSONAL FINANCE CONCEPTS AND HELP THEM REALIZE THE BENEFITS OF RESPONSIBLE MONEY MANAGEMENT WHILE GAINING A BETTER UNDERSTANDING OF THE CREDIT PROCESS. 21 21 0 0 0 0 584403 332388 540100 590660 213847 462870 0 0 1338350 1385918 0 0 0 0 154489 155971 0 0 0 759105 756887 913594 912858 424756 473060 8421256 9715663 66656 44973 8354600 9670690 X TO PROMOTE AWARENESS OF PERSONAL MONEY MANAGEMENT SKILLS AND KNOWLEDGE THAT WILL HELP CONSUMERS REALIZE THE BENEFITS OF RESPONSIBLE MONEY MANAGEMENT AND THE CREDIT PROCESS, AND BY PROVIDING PERSONAL FINANCE CURRICULA TO EDUCATE STUDENTS IN MIDDLE SCHOOL, HIGH SCHOOL AND COLLEGE. 0 0 499518 590660 MANAGEMENT DEVELOPMENT PROGRAMS - THE AFSA EDUCATION FOUNDATION LEADERSHIP DEVELOPMENT PROGRAM WAS HELD NEAR THE UNIVERSITY OF NORTH CAROLINA IN CHAPEL HILL WITH 39 PARTICIPANTS FROM 13 AFSA MEMBER COMPANIES. SESSIONS FOCUSED ON MANAGING & LEADING STRATEGY, LEADERSHIP & MANAGEMENT SELF-AWARENESS, INCLUSIVE LEADERSHIP, ETHICAL LEADERSHIP, TEAM BUILDING, NEGOTIATIONS, LEADING & MANAGING CHANGE, & INDUSTRY UPDATES. THE EDGE (EDUCATION, DEVELOPMENT, GROWTH, & ENRICHMENT) PROGRAM WAS HELD AT MERCER UNIVERSITY IN ATLANTA WITH 88 PARTICIPANTS FROM 13 AFSA MEMBER COMPANIES. THE INDUSTRY'S TOP EXECUTIVES & SUBJECT MATTER EXPERTS TAUGHT 20 DIFFERENT SESSIONS WITH TOPICS RANGING FROM TIME MANAGEMENT TO LEADERSHIP. A CULMINATING ACTIVITY INCLUDED C-SUITE PANELISTS SHARING THEIR PATHS TO SUCCESS. 320973 MONEYSKILL - AN ONLINE PERSONAL FINANCE COURSE WITH 37 MODULES IN ENGLISH & SPANISH, EDUCATES STUDENTS ON THE MONEY-MANAGEMENT FUNDAMENTALS & IS AVAILABLE TO EDUCATORS AT NO COST. THE CURRICULUM INCLUDES CONTENT AREAS OF INCOME, EXPENSES, SAVINGS & INVESTMENT, CREDIT & INSURANCE, & MORE. THE CURRICULUM IS DESIGNED TO BE PART OF A PERSONAL FINANCE COURSE FOR MIDDLE SCHOOL, HIGH SCHOOL, COLLEGE, & BEYOND. AFSA EDUCATION FOUNDATION CONDUCTED OUTREACH WITH ENGAGEMENT, PROMOTION, & TEACHER TRAINING AT 17 CONFERENCES & THROUGH SOCIAL MEDIA & DIGITAL CAMPAIGNS REACHED OVER 4.6 MILLION IMPRESSIONS RESULTING IN A 44% INCREASE IN NEW INSTRUCTORS. AN IMPACT EVALUATION HIGHLIGHTED 90% OF STUDENTS SEE IMPROVEMENTS IN FINANCIAL KNOWLEDGE & A GAIN OF 65% WHEN COMPARING PRE & POST- TESTS. 820491 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X THE ORGANIZATION 2024668611 1750 H STREET NW 650 WASHINGTON DC 20006 REX J ELLISON DIRECTOR 0.50 X 0 0 0 JONATHON L LEVIN VICE-CHAIR 0.50 X X 0 0 0 ANN BYBEE DIRECTOR 0.50 X 0 0 0 SHUNDA ROBINSON DIRECTOR 0.50 X 0 0 0 KEVIN JAMES CULLUM DIRECTOR 0.50 X 0 0 0 FREDERICK W GEISSINGER DIRECTOR 0.50 X 0 0 0 VIRGINIA C HERRING SECRETARY/TREASURER 0.50 X X 0 0 0 JOSH C JOHNSON DIRECTOR 0.50 X 0 0 0 MARTIN E LESS DIRECTOR 0.50 X 0 0 0 MARY MCDOWELL DIRECTOR 0.50 X 0 0 0 SHANNON MOKHIBER DIRECTOR 0.50 X 0 0 0 RICHARD H PARKER JR DIRECTOR 0.50 X 0 0 0 BILL HIMPLER DIRECTOR 0.50 37.50 X 0 0 0 KATHY RUBLE DIRECTOR 0.50 X 0 0 0 JAMES SCHNEIDER CHAIR 0.50 X X 0 0 0 JOHN SHORT DIRECTOR 0.50 X 0 0 0 ROBERT TROJAN DIRECTOR 0.50 X 0 0 0 MARGUERITE WATANABE DIRECTOR 0.50 X 0 0 0 ELIZABETH WEBB DIRECTOR 0.50 X 0 0 0 SALVADOR CALVIO DIRECTOR 0.50 X 0 0 0 ROCHELLE MCCLANAHAN DIRECTOR 0.50 X 0 0 0 RHONDA K ASHBURN EXECUTIVE DIRECTOR 37.50 X 0 200988 35155 OLIVIA DIBIASE DIR. OF FINANCIAL EDUCATIO 37.50 X 108764 0 39054 108764 200988 74209 1 0 1 1 0 332388 332388 PROFESSIONAL DEVELOPMENT 900099 331500 331500 EDGE REGISTRATIONS 900099 259160 259160 590660 223320 223320 1030689 791139 239550 239550 239550 1385918 830210 0 223320 X 109375 108697 678 7581 7534 47 39015 38773 242 10019 10019 11875 11875 20398 20398 97338 97338 19057 6994 12063 26453 17178 9275 250918 238761 12157 5595 5561 34 EDUCATION & TRAINING 298719 298455 264 DUES & SUBSCRIPTIONS 16515 1200 15315 912858 820491 92367 0 207411 194848 1800 23800 15000 25 205096 191554 19137 13542 8177908 9483448 8421256 9715663 9307 10500 7613 1500 49736 32973 66656 44973 X 1973783 2393652 6380817 7277038 8354600 9670690 8421256 9715663 473060 843030 0 X 0 1 X 0 0 X 183919 567805 249140 584405 332338 1917607 183919 567805 249140 584405 332338 1917607 1917607 239280 249370 434368 264843 223320 1411181 3328788 1962833 0.57610 0.57910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5937577 7242 1065074 166207 6843666 7502433 10133 -1370976 204013 5937577 6974663 10088 848342 330660 7502433 6334812 4890 816730 181769 6974663 5311625 109200 1090216 176229 6334812 0.73000 0.27000 0 0 205096 191554 13542 13542 DUE TO AFSA 32973 32973 X 2560234 843030 351684 1194714 1365520 20398 20398 1385918 1244144 351684 351684 892460 20398 20398 912858 PART X, LINE 2: THE FOUNDATION HAS ANALYZED ITS TAX POSITIONS, AND HAS CONCLUDED THAT NO LIABILITY SHOULD BE RECORDED RELATED TO ANY UNCERTAIN TAX POSITIONS. THE FOUNDATION IS NOT AWARE OF ANY TAX POSITIONS WHICH IT BELIEVES WILL CHANGE MATERIALLY IN THE NEXT TWELVE MONTHS. IF THIS POSITION CHANGES, THE FOUNDATION WILL ASSESS THE IMPACT OF ANY SUCH MATTERS ON ITS FINANCIAL POSITION AND RESULTS OF OPERATIONS. PART V, LINE 4 THE FOUNDATION'S ENDOWMENT CONSISTS OF A TRADITIONAL DONOR-RESTRICTED ENDOWMENT FUND, THE PURPOSE OF WHICH IS TO SUPPORT OPERATIONS. THE CENTRAL OBJECTIVE OF THE FOUNDATION'S SPENDING POLICY IS TO PRESERVE THE PURCHASING POWER OF THE ASSETS WHILE SIMULTANEOUSLY PROVIDING PROGRAM SUPPORT AND KEEPING UP WITH INFLATION. IN NO EVENT WILL EXPENDITURE BE MADE IN SUCH A WAY AS TO DEPLETE THE ENDOWMENT FUND BELOW THE CONTRIBUTED CORPUS. EACH YEAR, THE SPENDING POLICY ALLOWS APPROPRIATIONS FROM THE ENDOWMENT FUND EQUAL TO NINETY PERCENT (90%) OF INTEREST AND DIVIDENDS. 0 0 0 0 0 0 0 0 0 RHONDA K ASHBURN EXECUTIVE DIRECTOR 0 160790 0 40198 0 0 0 12863 0 22292 0 236143 0 0 PART I, LINE 3 AFSA, AN AFFILIATED ORGANIZATION, USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE FOUNDATION'S EXECUTIVE DIRECTOR: APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VII AND SCHEDULE J: COMPENSATION REPORTED ON AFSA EDUCATION FOUNDATION'S FORM 990 FOR RHONDA ASHBURN IS PROVIDED BY THE AMERICAN FINANCIAL SERVICES ASSOCIATION, AN AFFILIATED, BUT UNRELATED 501(C)(6) ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD RECEIVES A COMPLETE COPY OF THE FORM 990 AND THE EXECUTIVE DIRECTOR REVIEWS THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS MUST COMPLETE AND FILE A CONFLICT OF INTEREST FORM EACH YEAR. ANY POTENTIAL CONFLICTS ARE REVIEWED BY THE BOARD. AFFECTED BOARD MEMBERS ARE PROHIBITED FROM PARTICIPATING IN DISCUSSIONS OR VOTING ON ISSUES WHERE A CONFLICT MIGHT EXIST. FORM 990, PART VI, SECTION B, LINE 15 AMERICAN FINANCIAL SERVICES ASSOCIATION, AN AFFILIATED ENTITY, REVIEWS SUGGESTED COMPENSATION FOR THE AFSA FOUNDATION EXECUTIVE DIRECTOR, USING COMPARABILITY DATA WHERE AVAILABLE. THE AFSA FOUNDATION BOARD OF DIRECTORS HAS FINAL APPROVAL AUTHORITY OVER THE EXECUTIVE DIRECTOR'S COMPENSATION, BUT DOES NOT HAVE AN INTERNAL PROCESS TO DETERMINE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER CONSULTING FEES: PROGRAM SERVICE EXPENSES 97,338. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 97,338.