Totals
- Total revenue
- $2,270,278
- Total expenses
- $1,900,278
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,270,278
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $1,191,339
- Total liabilities, end of year
- $773,659
- Net assets or fund balances, end of year
- $417,680
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
2a · Program service revenue: MEMBERSHIP DUES
total $2,061,072 · related or exempt $2,061,072
-
2b · Program service revenue: CONFERENCE
total $194,206 · related or exempt $194,206
-
2c · Program service revenue: OTHER
total $15,000 · related or exempt $15,000
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,235,625
-
10 · Payroll taxes
total $64,240
-
11b · Fees: legal
total $19,077
-
11c · Fees: accounting
total $39,670
-
11d · Fees: lobbying
total $85,135
-
11g · Fees: other
total $35,822
-
12 · Advertising and promotion
total $1,876
-
13 · Office expenses
total $39,253
-
14 · Information technology
total $12,540
-
16 · Occupancy
total $93,210
-
17 · Travel
total $90,267
-
19 · Conferences, conventions and meetings
total $123,730
-
22 · Depreciation, depletion and amortization
total $4,130
-
23 · Insurance
total $22,537
-
24a · Other expenses: DUES AND SUBSCRIPTIONS
total $28,592
-
24b · Other expenses: BANK CHARGES AND FEES
total $3,823
-
24c · Other expenses: MEALS
total $671
-
24d · Other expenses: TAXES AND LICENSES
total $80
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $206,283 · end of year $1,114,635
-
4 · Accounts receivable
beginning of year $162,083 · end of year $49,206
-
9 · Prepaid expenses and deferred charges
beginning of year $13,863 · end of year $2,704
-
10a · Land, buildings and equipment: cost or other basis
$24,920
-
10b · Land, buildings and equipment: accumulated depreciation
$9,481
-
10c · Land, buildings and equipment, net
beginning of year $19,569 · end of year $15,439
-
15 · Other assets
beginning of year $40,000 · end of year $9,355
-
17 · Accounts payable and accrued expenses
beginning of year $1,202 · end of year $25,432
-
19 · Deferred revenue
beginning of year $392,916 · end of year $748,227
-
27 · Net assets without donor restrictions
beginning of year $47,680 · end of year $417,680
Mission and programs · 2023
Mission
A STANDARDS-BASED ORGANIZATION, AFC IS THE PREMIER TRADE ASSOCIATION REPRESENTING THE LARGEST FINANCIAL TECHNOLOGY (FINTECH) COMPANIES AND INNOVATIVE BAAS BANKS. OUR MISSION IS TO PROMOTE A TRANSPARENT, INCLUSIVE, AND CUSTOMER-CENTRIC FINANCIAL SYSTEM BY SUPPORTING RESPONSIBLE INNOVATION IN FINANCIAL SERVICES AND ENCOURAGING SOUND PUBLIC POLICY. AFC MEMBERS FOSTER COMPETITION IN CONSUMER FINANCE AND PIONEER PRODUCTS TO BETTER SERVE UNDERSERVED CONSUMER SEGMENTS AND GEOGRAPHIES.
Activities or mission (Part I)
FOSTERS RESPONSIBLE INNOVATION AND SOUND PUBLIC POLICY IN FINANCIAL TECHNOLOGY
-
THE MISSION OF AFC IS TO PROMOTE A TRANSPARENT, EFFICIENT, AND CUSTOMER-FRIENDLY FINANCIAL SYSTEM BY SUPPORTING THE RESPONSIBLE GROWTH OF FINANCIAL TECHNOLOGY, FOSTERING INNOVATION IN FINANCIAL TECHNOLOGY, AND ENCOURAGING SOUND PUBLIC POLICY.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Y Phillip GoldfederY PHILLIP GOLDFEDER
CHAIR OF THE BOARD
- Total calculated
- $399,284
- From this org
- $370,096
- From related orgs
- $0
- Other
- $29,188
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $370,096
- Bonus
- $0
- Other
- $0
- Deferred
- $1,875
- Nontaxable benefits
- $27,313
- Filer's total
- $399,284
-
Joseph GarbaJOSEPH GARBA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric GottERIC GOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Frank Borchert IIIFRANK BORCHERT III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ezra GarrettEZRA GARRETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Hilary HalpernHILARY HALPERN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert LavetROBERT LAVET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nathaniel HoopesNATHANIEL HOOPES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bradley SchecterBRADLEY SCHECTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rico IzaguirreRICO IZAGUIRRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tom McCormickTOM MCCORMICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ryan NaplesRYAN NAPLES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Martha O'MalleyMARTHA O'MALLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff StoltzfoosJEFF STOLTZFOOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rebecca O'MaraREBECCA O'MARA
SVP, CFO
- Total calculated
- $283,951
- From this org
- $260,000
- From related orgs
- $0
- Other
- $23,951
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $250,000
- Bonus
- $10,000
- Other
- $0
- Deferred
- $15,600
- Nontaxable benefits
- $8,351
- Filer's total
- $283,951
-
Elizabeth GorzELIZABETH GORZ
KEY EMPLOYEE
- Total calculated
- $11,458
- From this org
- $11,458
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Yana MilesYANA MILES
FORMER GENERAL COUNSEL
- Total calculated
- $261,498
- From this org
- $239,584
- From related orgs
- $0
- Other
- $21,914
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $239,584
- Bonus
- $0
- Other
- $0
- Deferred
- $14,375
- Nontaxable benefits
- $7,539
- Filer's total
- $261,498
-
Gerron LeviGERRON LEVI
FORMER KEY EMPLOYEE
- Total calculated
- $221,043
- From this org
- $204,317
- From related orgs
- $0
- Other
- $16,726
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $145,817
- Bonus
- $58,500
- Other
- $0
- Deferred
- $5,978
- Nontaxable benefits
- $10,748
- Filer's total
- $221,043
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 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
Answered no
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 22 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202411449349300741
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