Totals
- Total revenue
- $514,042
- Total expenses
- $1,002,515
- Contributions and grants received
- $437,060
- Grants paid
- $592,753
- Program service revenue
- $0
- Investment income
- $76,982
- Other revenue
- $0
- Total assets, end of year
- $7,329,083
- Total liabilities, end of year
- $148,291
- Net assets or fund balances, end of year
- $7,180,792
- Program services expenses (Part IX)
- $971,532
- Management and general expenses
- $26,841
- Fundraising expenses
- $4,142
- Program service expenses (Part III)
- $971,532
Program services were 96.9% 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
$437,060
-
3 · Investment income
total $76,982 · excluded $76,982
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $592,753 · program services $592,753
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $213,566 · program services $213,566
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $389 · program services $389
-
10 · Payroll taxes
total $53,050 · program services $52,855 · management and general $195
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $18,678 · management and general $18,678
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $1,557 · program services $1,557
-
14 · Information technology
total $1,243 · management and general $1,243
-
15 · Royalties
total $0
-
16 · Occupancy
total $21,907 · program services $21,907
-
17 · Travel
total $51,262 · program services $51,162 · management and general $100
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $6,450 · management and general $6,450
-
24a · Other expenses: TRAINING
total $18,175 · program services $18,175
-
24b · Other expenses: MEALS & ENTERTAINMENT
total $8,696 · program services $8,696
-
24c · Other expenses: PHOTOGRAPHY/VIDEOGRAPHY
total $7,850 · program services $7,850
-
24d · Other expenses: DUES & FEES
total $3,404 · program services $2,423 · management and general $26 · fundraising $955
-
24e · All other expenses
total $3,535 · program services $199 · management and general $149 · fundraising $3,187
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $578,664 · end of year $496,386
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $5,225 · end of year $5,258
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $1,894,920 · end of year $1,635,379
-
12 · Investments: other securities
beginning of year $4,326,716 · end of year $5,192,060
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $60 · end of year $148,291
-
31 · Retained earnings, endowment or other funds
beginning of year $6,805,465 · end of year $7,180,792
Mission and programs · 2025
Mission
To develop talent in the risk management and insurance industries by broadening access to career and education opportunities and providing support and resources to individuals with varied backgrounds and life experiences.
-
The Foundation (AIF) worked to develop talent in the risk management and insurance industries by providing internship opportunities, job training programs, and educational grants. AIF further funded the risk management and insurance education program at Southern University, an HBCU, which paid to provide high-caliber faculty as well as college scholarships for students. AIF funded a robust internship program for students from varied backgrounds and life experiences, which focused on job training and personal development. Finally, AIF funded a job training program that paid for study and test expenses associated with obtaining certifications in the risk management and insurance industry.
Expenses $971,532 · Grants $592,753
As filed on the 2025 return.
Listed in Part VII
-
Lilian VanvieldtLILIAN VANVIELDT
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 8
-
Ilene AndersILENE ANDERS
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Peter CarpenterPETER CARPENTER
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Alexandra LittlejohnALEXANDRA LITTLEJOHN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Norman SeabrooksNORMAN SEABROOKS
Director
- 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.
Grants on this return
-
$426,503
SCHOLRSHP/PRGM SUPPORT FOR INS EDUC
-
$86,250
SCHOLARSHIPS FOR RISK MGMT EDUCATN
-
$50,000
PROGRAM SUPPORT FOR INSURANCE ORGS
-
$30,000
SCHOLRSHP/PRGM SUPPORT FOR INS EDUC
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 10 September 2026
- IRS schema version
- 2025v4.1
- Source object
- 202612539349301146
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