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← Americans for Financial Reform

Form 990 for tax year 2022

Filed by Americans for Financial Reform.

Totals

Total revenue
$1,169,507
Total expenses
$1,172,684
Contributions and grants received
$1,161,756
Grants paid
$0
Program service revenue
$0
Investment income
$7,751
Other revenue
$0
Total assets, end of year
$1,818,030
Total liabilities, end of year
$117,783
Net assets or fund balances, end of year
$1,700,247
Program services expenses (Part IX)
$982,530
Management and general expenses
$118,352
Fundraising expenses
$71,802
Program service expenses (Part III)
$982,530

Program services were 83.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,161,756

  • 3 · Investment income

    total $7,751 · excluded $7,751

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $733,397 · program services $626,962 · management and general $71,629 · fundraising $34,806

  • 9 · Other employee benefits

    total $158,305 · program services $135,331 · management and general $15,461 · fundraising $7,513

  • 11b · Fees: legal

    total $2,092 · program services $1,278 · management and general $785 · fundraising $29

  • 11c · Fees: accounting

    total $22,596 · program services $13,813 · management and general $8,475 · fundraising $308

  • 11g · Fees: other

    total $32,825 · program services $20,066 · management and general $12,312 · fundraising $447

  • 12 · Advertising and promotion

    total $80,185 · program services $80,152 · management and general $22 · fundraising $11

  • 13 · Office expenses

    total $8,245 · program services $6,798 · management and general $1,057 · fundraising $390

  • 14 · Information technology

    total $44,694 · program services $18,809 · management and general $1,200 · fundraising $24,685

  • 16 · Occupancy

    total $64,433 · program services $54,845 · management and general $6,445 · fundraising $3,143

  • 23 · Insurance

    total $5,854 · program services $4,983 · management and general $586 · fundraising $285

  • 24a · Other expenses: Staff Development

    total $20,058 · program services $19,493 · management and general $380 · fundraising $185

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,374,564 · end of year $834,112

  • 3 · Pledges and grants receivable

    beginning of year $400,000 · end of year $400,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,167 · end of year $3,167

  • 10a · Land, buildings and equipment: cost or other basis

    $73,000

  • 10c · Land, buildings and equipment, net

    end of year $73,000

  • 11 · Investments: publicly traded securities

    end of year $507,751

  • 17 · Accounts payable and accrued expenses

    beginning of year $74,307 · end of year $117,783

  • 27 · Net assets without donor restrictions

    beginning of year $948,019 · end of year $989,227

  • 28 · Net assets with donor restrictions

    beginning of year $755,405 · end of year $711,020

Mission and programs · 2022

Mission

To lay the foundation for a strong, stable, and ethical financial system.

  • Legislative advocacy to advance consumer financial protection and a more just and accountable financial system. We organize advocacy campaigns to advance or oppose legislation on a broad scope of finance and financial markets related issues, from high cost lending abuses, to investor protections, to capital markets, to private funds and more with the goals of making lending and financial markets safer and fairer for the public, and better supporting a more equitable, stable, and sustainable economy. Building and Mobilizing a Robust Coalition to Support Financial Reform and Regulation: We bring together a nonpartisan nonprofit coalition including civil rights, consumer, labor, investor, small business, and civic and community-based organizations. We build connections among disparate groups; put together and nurture an infrastructure to develop and share information, insights, tools, tactics, and strategies; and provide strategic analysis, materials, research and other tools so that together we can develop and advance economic and racial justice priorities to reform the financial system. Policy Analysis and Development: We analyze legislation and policy proposals in the financial space including in the areas of consumer financial protection, investor protection, financial stability / systemic risk, non-bank financial actors, student lending, taxes, and other policies as they affect Wall Street, from a public interest perspective. We explain and support or oppose proposals, present testimony, and report on how members of Congress vote on issues connected to the regulation and design of the financial system. We work with our allies to develop and promote legislative solutions to stop financial sector abuses of economically vulnerable families and communities and reverse growing inequality that results from unchecked financialization and speculation.

    Expenses $982,530

As filed on the 2022 return.

Listed in Part VII

  • Terrysa Guerra

    Director

    Total calculated
    $0
    Hours/week
    5
  • Erica Smiley

    Director

    Total calculated
    $0
    Hours/week
    5
  • Damon Silver

    Director

    Total calculated
    $0
    Hours/week
    5
  • Aimee Castenell

    Director

    Total calculated
    $0
    Hours/week
    5
  • Ed Mierzwinski

    Secretary

    Total calculated
    $0
    Hours/week
    5
  • Renata Pumarol

    Treasurer

    Total calculated
    $0
    Hours/week
    5
  • Lisa Donner

    Director

    Total calculated
    $0
    Hours/week
    10.13
  • Virginia Robnett

    Chief Operating Officer

    Total calculated
    $0
    Hours/week
    10.13

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202313139349301731

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