Form 990 for tax year 2024
Filed by THE AMERICAN EXPERIENCE FOUNDATION INC.
Totals
- Total revenue
- $495,257
- Total expenses
- $495,257
- Contributions and grants received
- $530,645
- Grants paid
- $34,500
- Program service revenue
- $0
- Investment income
- $4,326
- Other revenue
- -$39,714
- Total assets, end of year
- $540,917
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $540,917
- Program services expenses (Part IX)
- $433,167
- Management and general expenses
- $47,090
- Fundraising expenses
- $15,000
- Program service expenses (Part III)
- $433,167
Program services were 87.5% 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.
-
1c · Fundraising events
$68,812
-
1f · All other contributions, gifts and grants
$461,833
-
3 · Investment income
total $4,326 · excluded $4,326
-
8a · Fundraising events: gross income
$17,150
-
8a · Fundraising events: contributions included on line 1c
$68,812
-
8b · Fundraising events: direct expenses
$56,864
-
8c · Net income from fundraising events
total -$39,714 · excluded -$39,714
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $34,500 · program services $34,500
-
7 · Other salaries and wages
total $257,954 · program services $257,954
-
11b · Fees: legal
total $1,600 · management and general $1,600
-
11c · Fees: accounting
total $15,000 · management and general $15,000
-
11e · Fees: professional fundraising services
total $15,000 · fundraising $15,000
-
16 · Occupancy
total $58,138 · program services $27,648 · management and general $30,490
-
17 · Travel
total $113,065 · program services $113,065
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $208,139 · end of year $71,222
-
2 · Savings and temporary cash investments
end of year $454,326
-
3 · Pledges and grants receivable
beginning of year $9,000 · end of year $15,369
-
4 · Accounts receivable
beginning of year $10,200
-
15 · Other assets
beginning of year $322,068 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $8,490
-
27 · Net assets without donor restrictions
beginning of year $531,096 · end of year $531,096
-
28 · Net assets with donor restrictions
beginning of year $9,821 · end of year $9,821
Mission and programs · 2024
Mission
THE ORGANIZATION ENRICHES THE LIVES OF STUDENTS THROUGH INSPIRATIONAL EXPERIENCES AND EDUCATIONAL OPPORTUNITIES TO CULTIVATE THE NEXT GENERATION OF HOSPITALITY INDUSTRY LEADERS IN WASHINGTON, DC.
Activities or mission (Part I)
THE ORGANIZATION ENRICHES THE LIVES OF STUDENTS THROUGH INSPIRATIONAL TRAVEL EXPERIENCES AND EDUCATIONAL OPPORTUNITIES TO CULTIVATE THE NEXT GENERATION OF HOSPITALITY INDUSTRY LEADERS.
-
EVENTS AND EDUCATION - TO GENERATE REVENUE STREAMS TO RAISE FUNDS FOR THE ORGANIZATION, WHICH SUPPORTS STUDENTS THROUGH TRAVEL EXPERIENCES AND SCHOLARSHIPS.
Expenses $433,167 · Grants $34,500
As filed on the 2024 return.
Listed in Part VII
-
John SneddenJOHN SNEDDEN
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Tanisha LewisTANISHA LEWIS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Greg CastenGREG CASTEN
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Skye CurrySKYE CURRY
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Michael AkinMICHAEL AKIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Richie BrandenburgRICHIE BRANDENBURG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Bianca DestoutBIANCA DESTOUT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Elliott FergusonELLIOTT FERGUSON
BOARD MEMBER
- Total calculated
- $1,024,744
- From this org
- $0
- From related orgs
- $978,293
- Other
- $46,451
- Hours/week
- 2 + 37.5 related
Schedule J breakdown matched by us
- Base
- $0 + $604,257 related
- Bonus
- $0 + $374,036 related
- Other
- $0
- Deferred
- $0 + $30,500 related
- Nontaxable benefits
- $0 + $15,951 related
- Filer's total
- $0 + $1,024,744 related
-
Bill HeaterBILL HEATER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Destiny KibalamaDESTINY KIBALAMA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Shalis RicksSHALIS RICKS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Elif SenELIF SEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Rauf ShakirRAUF SHAKIR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Stacy SmithSTACY SMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Gail Smith-HowardGAIL SMITH-HOWARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Alex WilsonALEX WILSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Claire CarlinCLAIRE CARLIN
EXECUTIVE DIRECTOR
- Total calculated
- $334,854
- From this org
- $0
- From related orgs
- $289,769
- Other
- $45,085
- Hours/week
- 2 + 37.5 related
Schedule J breakdown matched by us
- Base
- $0 + $222,849 related
- Bonus
- $0 + $66,920 related
- Other
- $0
- Deferred
- $0 + $23,000 related
- Nontaxable benefits
- $0 + $22,085 related
- Filer's total
- $0 + $334,854 related
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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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
The filer's explanations (Part III)
- PART I, LINE 4B
- BOARD MEMBER ELLIOTT FERGUSON WHO IS ALSO THE PRESIDENT & CEO OF DESTINATION DC IS PARTICIPATING IN A DESTINATION DC SPONSORED NONQUALIFIED 457(F) RETIREMENT PLAN. THE PLAN ACCEPTS ONLY EMPLOYER CONTRIBUTIONS.
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
- 2024
- Filed
- 7 August 2026
- IRS schema version
- 2024v5.5
- Source object
- 202612239349300341
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