Form 990 for tax year 2024
Filed by EMERGENCY ASSISTANCE FOUNDATION INC.
Totals
- Total revenue
- $78,117,189
- Total expenses
- $66,792,876
- Contributions and grants received
- $73,707,931
- Grants paid
- $58,704,081
- Program service revenue
- $43,131
- Investment income
- $4,320,124
- Other revenue
- $46,003
- Total assets, end of year
- $104,381,642
- Total liabilities, end of year
- $1,425,768
- Net assets or fund balances, end of year
- $102,955,874
- Program services expenses (Part IX)
- $65,105,580
- Management and general expenses
- $1,106,205
- Fundraising expenses
- $581,091
- Program service expenses (Part III)
- $65,105,580
Program services were 97.5% 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
$73,707,931
-
1g · Noncash contributions included above
$12,312
-
2a · Program service revenue: EAF Canada Service Fee
total $43,131 · related or exempt $43,131
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $2,174,297 · excluded $2,174,297
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $195,535,630
-
7b · Less cost or other basis and sales expenses
securities $193,389,803
-
7c · Gain or loss
securities $2,145,827 · other assets $0
-
7d · Net gain or loss
total $2,145,827 · excluded $2,145,827
-
8c · Net income from fundraising events
total $0
-
11d · All other revenue
total $46,003 · related or exempt $0 · unrelated business $0 · excluded $46,003
-
11e · Other revenue, total
$46,003
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $64,528 · program services $64,528
-
2 · Grants to domestic individuals
total $53,586,933 · program services $53,586,933
-
3 · Grants to foreign organizations and individuals
total $5,052,620 · program services $5,052,620
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $541,790 · program services $270,895 · management and general $270,895
-
6 · Compensation of disqualified persons
total $498,539 · program services $498,539
-
10 · Payroll taxes
total $17,365 · management and general $17,365
-
11b · Fees: legal
total $53,185 · management and general $53,185
-
11c · Fees: accounting
total $24,269 · management and general $24,269
-
11f · Fees: investment management
total $132,153 · management and general $132,153
-
11g · Fees: other
total $4,904,076 · program services $4,259,580 · management and general $311,957 · fundraising $332,539
-
12 · Advertising and promotion
total $243,341 · fundraising $243,341
-
13 · Office expenses
total $8,391 · management and general $8,391
-
14 · Information technology
total $984,102 · program services $979,606 · fundraising $4,496
-
16 · Occupancy
total $40,655 · management and general $40,655
-
17 · Travel
total $34,663 · management and general $33,948 · fundraising $715
-
19 · Conferences, conventions and meetings
total $11,205 · management and general $11,205
-
23 · Insurance
total $19,836 · management and general $19,836
-
24a · Other expenses: Direct Grant Expenses
total $392,879 · program services $392,879
-
24b · Other expenses: Bank Fees
total $107,162 · management and general $107,162
-
24c · Other expenses: Other Contractor Expenses
total $60,434 · management and general $60,434
-
24d · Other expenses: Misc. Expenses
total $14,750 · management and general $14,750
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $15,751,924 · end of year $24,891,841
-
2 · Savings and temporary cash investments
beginning of year $0
-
3 · Pledges and grants receivable
beginning of year $0
-
4 · Accounts receivable
beginning of year $704,011 · end of year $769,961
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0
-
8 · Inventories for sale or use
beginning of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $481,725 · end of year $363,025
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $75,117,701 · end of year $78,340,112
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
14 · Intangible assets
beginning of year $0
-
15 · Other assets
beginning of year $56,699 · end of year $16,703
-
17 · Accounts payable and accrued expenses
beginning of year $700,963 · end of year $846,905
-
18 · Grants payable
beginning of year $679,005 · end of year $578,863
-
19 · Deferred revenue
beginning of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0
-
21 · Escrow or custodial account liability
beginning of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $28,129,796 · end of year $38,828,962
-
28 · Net assets with donor restrictions
beginning of year $62,602,296 · end of year $64,126,912
-
29 · Capital stock, trust principal or current funds
beginning of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $0
Mission and programs · 2024
Mission
As an independent third party, Emergency Assistance Foundation (EAF) administers all relief fund activities (including accepting donations, objectively reviewing grant applications, and awarding and distributing grants) while also maintaining legal and regulatory compliance. Through every disaster and hardship, EAF remains a fearless financial first responder, ensuring that monetary assistance reaches those in need as quickly as possible, no matter the location or obstacle. We have immense passion for what we do, and we know that many of those we serve are experiencing severe financial hardship. This understanding drives every interaction with our applicants and grant recipients, as well as our commitment to supporting our Fund Partners.
Activities or mission (Part I)
To administer global disaster and hardship relief funds, thereby providing grants to eligible individuals in need around the world.
-
In 2011, Emergency Assistance Foundation (EAF) was established with the goal of assisting organizations that want to help their own during tough times. We saw a high and rising number of disasters taking place around the world with few organizations clear on how to respond efficiently and effectively. This led us to create a public charity designed to allow these organizations (our Fund Partners) to establish global disaster and hardship relief funds that can provide grants to individuals in need. Each fund is designed with a unique name, specific grant criteria, and a defined charitable class (those eligible to apply for a grant). EAF's sole purpose is to independently administer all fund activities (including accepting donations, objectively reviewing grant applications, and awarding and distributing grants) while advising Fund Partners to ensure that each fund is regulatorily compliant and increasingly effective. (Continued on Schedule O)
Expenses $65,105,580 · Grants $58,704,081 · Revenue $43,131
As filed on the 2024 return.
Listed in Part VII
-
Bryan Clontz
Director, Secretary/Treasurer
- Total calculated
- $0
- Hours/week
- 12
-
Thomas Bartels
Director/Board Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Akhil Patel
Director
- Total calculated
- $0
- Hours/week
- 1
-
Andrea Whitney
Director
- Total calculated
- $0
- Hours/week
- 1
-
Andy Meehan
Director
- Total calculated
- $0
- Hours/week
- 1
-
Barbara Snell
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brendon Perkins
Director
- Total calculated
- $0
- Hours/week
- 1
-
David Wu
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer Kennedy
Director
- Total calculated
- $0
- Hours/week
- 1
-
Stewart Dansby
Director
- Total calculated
- $0
- Hours/week
- 1
-
Douglas Stockham
President
- Total calculated
- $541,790
- From this org
- $515,790
- From related orgs
- $0
- Other
- $26,000
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $469,350
- Bonus
- $46,440
- Other
- $0
- Deferred
- $26,000
- Nontaxable benefits
- $0
- Filer's total
- $541,790
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 7 Non-fixed payments
- The President received a discretionary bonus approved by the Board of Directors for his role as President.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$30,000
Financial Hardship
-
Financial Hardship
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 9 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202521299349303812
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