Totals
- Total revenue
- $4,843,157
- Total expenses
- $5,350,429
- Contributions and grants received
- $4,470,500
- Grants paid
- $75,000
- Program service revenue
- $358,859
- Investment income
- $13,798
- Other revenue
- $0
- Total assets, end of year
- $2,387,259
- Total liabilities, end of year
- $264,195
- Net assets or fund balances, end of year
- $2,123,064
- Program services expenses (Part IX)
- $3,674,515
- Management and general expenses
- $1,670,423
- Fundraising expenses
- $5,491
- Program service expenses (Part III)
- $3,674,515
Program services were 68.7% 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.
-
1b · Membership dues
$973,000
-
1f · All other contributions, gifts and grants
$3,497,500
-
2a · Program service revenue: CONFERENCE FEES & SPONS
total $358,859 · related or exempt $358,859
-
3 · Investment income
total $13,798 · related or exempt $13,798
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $75,000 · program services $75,000
-
5 · Compensation of officers, directors and key employees
total $270,846 · management and general $270,846
-
7 · Other salaries and wages
total $2,686,477 · program services $1,800,748 · management and general $885,729
-
9 · Other employee benefits
total $535,006 · program services $349,959 · management and general $185,047
-
10 · Payroll taxes
total $233,028 · program services $148,216 · management and general $84,812
-
11a · Fees: management
total $386,930 · program services $314,565 · management and general $72,365
-
11b · Fees: legal
total $1,458 · management and general $1,458
-
11c · Fees: accounting
total $17,014 · management and general $17,014
-
11g · Fees: other
total $538,766 · program services $526,433 · management and general $12,333
-
12 · Advertising and promotion
total $98,649 · program services $47,994 · management and general $50,655
-
13 · Office expenses
total $32,098 · program services $14,131 · management and general $14,360 · fundraising $3,607
-
14 · Information technology
total $37,008 · program services $2,477 · management and general $32,647 · fundraising $1,884
-
17 · Travel
total $158,607 · program services $142,335 · management and general $16,272
-
19 · Conferences, conventions and meetings
total $253,975 · program services $251,141 · management and general $2,834
-
20 · Interest
total $4,050 · management and general $4,050
-
23 · Insurance
total $11,905 · management and general $11,905
-
24a · Other expenses: STATE REGISTRATIONS & TAX
total $6,599 · management and general $6,599
-
24b · Other expenses: MEMBERSHIP DUES AR WRITE OFF
total $5 · program services $5
-
24c · Other expenses: PROFESSIONAL DEVELOPMENT
total $3,008 · program services $1,511 · management and general $1,497
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,926,556 · end of year $1,789,373
-
4 · Accounts receivable
beginning of year $966,432 · end of year $578,000
-
9 · Prepaid expenses and deferred charges
beginning of year $8,755 · end of year $19,886
-
17 · Accounts payable and accrued expenses
beginning of year $121,507 · end of year $115,398
-
23 · Secured mortgages and notes payable
beginning of year $149,900 · end of year $148,797
-
27 · Net assets without donor restrictions
beginning of year $957,068 · end of year $1,508,369
-
28 · Net assets with donor restrictions
beginning of year $1,673,268 · end of year $614,695
Mission and programs · 2024
Mission
THE MISSION OF ASSET FUNDERS NETWORK IS TO ENGAGE PHILANTHROPY TO ADVANCE EQUITABLE WEALTH BUILDING AND ECONOMIC MOBILITY
-
REGIONS AND REGIONAL PROJECTS SEEK TO CONNECT GRANTMAKERS AND COLLEAGUES IN NONPROFIT, PUBLIC, AND PRIVATE SECTORS TO FACILITATE COLLABORATION AND MAXIMIZE THEIR IMPACT ON LOW AND MODERATE INCOME INDIVIDUAL, FAMILY, AND COMMUNITY WEALTH.
Expenses $2,584,988 · Grants $75,000
-
COMMUNICATIONS AND NATIONAL PROJECTS ARE BROADLY FOCUSED TO BUILD ECONOMIC WELL-BEING FOR LOW AND MODERATE INCOME INDIVIDUALS AND HOUSEHOLDS.
Expenses $591,901
-
CONFERENCES BUILD AWARENESS OF KEY ISSUES, PROMISING APPROACHES, AND TIMELY, RELEVANT RESEARCH TO SUPPORT STRATEGIC AND IMPACTFUL INVESTMENTS IN ASSET-BUILDING/ECONOMIC MOBILITY IN THE U.S.
Expenses $497,626
As filed on the 2024 return.
Listed in Part VII
-
Joseph A AntolinJOSEPH A ANTOLIN
PRESIDENT AND CEO
- Total calculated
- $270,846
- From this org
- $270,846
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
Schedule J breakdown matched by us
- Base
- $270,846
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $270,846
-
Annika LittleANNIKA LITTLE
MANAGING DIRECTOR
- Total calculated
- $195,236
- From this org
- $195,236
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
Schedule J breakdown matched by us
- Base
- $195,236
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $195,236
-
Abby Hughes HolsclawABBY HUGHES HOLSCLAW
SENIOR DIRECTOR
- Total calculated
- $155,524
- From this org
- $155,524
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
Schedule J breakdown matched by us
- Base
- $155,524
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $155,524
-
Karen MurrellKAREN MURRELL
MEMBERSHIP DIRECTOR
- Total calculated
- $130,309
- From this org
- $130,309
- From related orgs
- $0
- Other
- $0
- Hours/week
- 26
-
Velvet BryantVELVET BRYANT
REGIONAL PROGRAM OFFICER
- Total calculated
- $130,215
- From this org
- $130,215
- From related orgs
- $0
- Other
- $0
- Hours/week
- 26
-
Leah MayorLEAH MAYOR
SENIOR DIRECTOR
- Total calculated
- $122,046
- From this org
- $122,046
- From related orgs
- $0
- Other
- $0
- Hours/week
- 26
-
Karama NealKARAMA NEAL
STRATEGIC PROJECT DIRECTOR
- Total calculated
- $115,909
- From this org
- $115,909
- From related orgs
- $0
- Other
- $0
- Hours/week
- 26
-
Amanda ArizolaAMANDA ARIZOLA
REGIONAL PROGRAM OFFICER
- Total calculated
- $104,043
- From this org
- $104,043
- From related orgs
- $0
- Other
- $0
- Hours/week
- 26
-
Rebeca RangelREBECA RANGEL
REGIONAL PROGRAM OFFICER
- Total calculated
- $103,003
- From this org
- $103,003
- From related orgs
- $0
- Other
- $0
- Hours/week
- 26
-
Christi BakerCHRISTI BAKER
DIRECTOR OF STRATEGIC INITIATIVES
- Total calculated
- $101,605
- From this org
- $101,605
- From related orgs
- $0
- Other
- $0
- Hours/week
- 26
-
Karen BrownKAREN BROWN
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Sara KellerSARA KELLER
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Lora YorkLORA YORK
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Regan Gruber MoffittREGAN GRUBER MOFFITT
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Monique CarswellMONIQUE CARSWELL
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Philip FitzgeraldPHILIP FITZGERALD
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Jennifer HigginsJENNIFER HIGGINS
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Robert BurnsROBERT BURNS
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Camille EmeagwaliCAMILLE EMEAGWALI
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Francesca Jean BaptisteFRANCESCA JEAN BAPTISTE
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Stacy SpannSTACY SPANN
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Rev Cory AndersonREV CORY ANDERSON
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey KimJEFFREY KIM
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Sarah Willis ErturSARAH WILLIS ERTUR
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Paula DambrosaPAULA DAMBROSA
TREASURER
- Total calculated
- $0
- Hours/week
- 1
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 · Written employment contract
- 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
-
$67,000
CAPACITY BUILDING
-
$8,000
CAPACITY BUILDING
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 11 June 2025
- IRS schema version
- 2024v5.1
- Source object
- 202501629349300605
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