Skip to content
Nonprofiteer
← AMERICANS FOR FINANCIAL REFORM EDUCATION FUND

Form 990 for tax year 2024

Filed by AMERICANS FOR FINANCIAL REFORM EDUCATION FUND.

Totals

Total revenue
$4,218,148
Total expenses
$4,866,283
Contributions and grants received
$3,967,643
Grants paid
$399,450
Program service revenue
$0
Investment income
$127,236
Other revenue
$123,269
Total assets, end of year
$7,219,625
Total liabilities, end of year
$946,210
Net assets or fund balances, end of year
$6,273,415
Program services expenses (Part IX)
$3,986,877
Management and general expenses
$697,981
Fundraising expenses
$181,425
Program service expenses (Part III)
$3,986,877

Program services were 81.9% 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

    $3,967,643

  • 3 · Investment income

    total $127,236 · excluded $127,236

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Other

    total $123,269 · related or exempt $123,269

  • 11e · Other revenue, total

    $123,269

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $399,450 · program services $399,450

  • 5 · Compensation of officers, directors and key employees

    total $287,650 · program services $228,642 · management and general $45,979 · fundraising $13,029

  • 7 · Other salaries and wages

    total $2,546,913 · program services $2,024,439 · management and general $407,110 · fundraising $115,364

  • 9 · Other employee benefits

    total $668,522 · program services $531,381 · management and general $106,860 · fundraising $30,281

  • 10 · Payroll taxes

    total $99,217 · program services $78,864 · management and general $15,859 · fundraising $4,494

  • 11b · Fees: legal

    total $6,283 · program services $4,813 · management and general $1,401 · fundraising $69

  • 11c · Fees: accounting

    total $59,852 · program services $45,847 · management and general $13,342 · fundraising $663

  • 11g · Fees: other

    total $414,403 · program services $367,148 · management and general $45,018 · fundraising $2,237

  • 13 · Office expenses

    total $56,607 · program services $45,442 · management and general $8,696 · fundraising $2,469

  • 14 · Information technology

    total $46,197 · program services $35,465 · management and general $7,078 · fundraising $3,654

  • 16 · Occupancy

    total $145,367 · program services $115,583 · management and general $23,207 · fundraising $6,577

  • 17 · Travel

    total $40,079 · program services $39,783 · management and general $335 · fundraising -$39

  • 19 · Conferences, conventions and meetings

    total $12,684 · program services $12,396 · management and general $286 · fundraising $2

  • 23 · Insurance

    total $11,378 · program services $9,044 · management and general $1,819 · fundraising $515

  • 24a · Other expenses: Staff Development

    total $71,651 · program services $48,580 · management and general $20,991 · fundraising $2,080

  • 24b · Other expenses: Miscellaneous

    total $30 · fundraising $30

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,298,978 · end of year $2,821,078

  • 3 · Pledges and grants receivable

    beginning of year $1,103,265 · end of year $482,809

  • 4 · Accounts receivable

    beginning of year $824,821

  • 9 · Prepaid expenses and deferred charges

    beginning of year $91,979 · end of year $99,507

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

    $123,313

  • 10b · Land, buildings and equipment: accumulated depreciation

    $123,313

  • 11 · Investments: publicly traded securities

    beginning of year $3,488,536 · end of year $3,531,704

  • 15 · Other assets

    beginning of year $112,185 · end of year $284,527

  • 17 · Accounts payable and accrued expenses

    beginning of year $436,292 · end of year $402,756

  • 18 · Grants payable

    beginning of year $342,000

  • 25 · Other liabilities

    beginning of year $135,854 · end of year $543,454

  • 27 · Net assets without donor restrictions

    beginning of year $3,652,739 · end of year $2,948,274

  • 28 · Net assets with donor restrictions

    beginning of year $3,352,879 · end of year $3,325,141

Mission and programs · 2024

Mission

To create a fair and just financial system that contributes to shared prosperity for all families and communities.

  • Explanation 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 $3,986,877 · Grants $399,450

As filed on the 2024 return.

Listed in Part VII

  • Lisa Donner

    Executive Director

    Total calculated
    $185,614
    From this org
    $162,102
    From related orgs
    $0
    Other
    $23,512
    Hours/week
    27.37

    Schedule J breakdown matched by us

    Base
    $162,102
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,920
    Nontaxable benefits
    $15,592
    Filer's total
    $185,614

  • Ericka Taylor

    Popular Education Mgr Take on Wall

    Total calculated
    $168,844
    From this org
    $147,138
    From related orgs
    $0
    Other
    $21,706
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,138
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,328
    Nontaxable benefits
    $14,378
    Filer's total
    $168,844

  • Gynnie Robnett

    Chief Operating Officer

    Total calculated
    $163,457
    From this org
    $125,548
    From related orgs
    $0
    Other
    $37,909
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,548
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,335
    Nontaxable benefits
    $30,574
    Filer's total
    $163,457

  • Porter McConnell

    Senior Director

    Total calculated
    $160,969
    From this org
    $125,863
    From related orgs
    $0
    Other
    $35,106
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,863
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,117
    Nontaxable benefits
    $28,989
    Filer's total
    $160,969

  • Aditi Sen

    Research Director

    Total calculated
    $141,079
    From this org
    $122,998
    From related orgs
    $0
    Other
    $18,081
    Hours/week
    40

  • Alexander Martin

    Policy Director

    Total calculated
    $127,141
    From this org
    $110,014
    From related orgs
    $0
    Other
    $17,127
    Hours/week
    40

  • Carter Dougherty

    Communications Director

    Total calculated
    $114,494
    From this org
    $107,208
    From related orgs
    $0
    Other
    $7,286
    Hours/week
    40

  • Darrick Hamilton

    Director

    Total calculated
    $0
    Hours/week
    1.25

  • Saqib Bhatti

    Director

    Total calculated
    $0
    Hours/week
    1.25

  • Rebecca Dixon

    Director

    Total calculated
    $0
    Hours/week
    1.25

  • Steven Renderos

    Director

    Total calculated
    $0
    Hours/week
    1.25

  • Kimberly Longey

    Director

    Total calculated
    $0
    Hours/week
    1.25

  • Graham Steele

    Director

    Total calculated
    $0
    Hours/week
    1.25

  • Mehrsa Baradaran

    Director

    Total calculated
    $0
    Hours/week
    1.25

  • Anna Lefer Kuhn

    Treasurer

    Total calculated
    $0
    Hours/week
    1.25

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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202503189349307110

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.