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Nonprofiteer
← AMERICAN BOARD OF FUNERAL SERVICE EDUCATION INC

Form 990 for tax year 2023

Filed by AMERICAN BOARD OF FUNERAL SERVICE EDUCATION INC.

Totals

Total revenue
$902,793
Total expenses
$614,821
Contributions and grants received
$799,039
Grants paid
$17,500
Program service revenue
$0
Investment income
$75,054
Other revenue
$28,700
Total assets, end of year
$2,660,406
Total liabilities, end of year
$550,377
Net assets or fund balances, end of year
$2,110,029
Program services expenses (Part IX)
$521,025
Management and general expenses
$93,796
Fundraising expenses
$0
Program service expenses (Part III)
$521,025

Program services were 84.7% 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

    $54,000

  • 1f · All other contributions, gifts and grants

    $745,039

  • 3 · Investment income

    total $75,054 · related or exempt $75,054

  • 5 · Royalties

    total $28,700 · related or exempt $28,700

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $17,500 · program services $17,500

  • 5 · Compensation of officers, directors and key employees

    total $135,830 · program services $108,664 · management and general $27,166

  • 7 · Other salaries and wages

    total $93,073 · program services $74,458 · management and general $18,615

  • 9 · Other employee benefits

    total $6,813 · program services $5,450 · management and general $1,363

  • 10 · Payroll taxes

    total $18,913 · program services $15,130 · management and general $3,783

  • 13 · Office expenses

    total $9,590 · program services $7,672 · management and general $1,918

  • 16 · Occupancy

    total $15,600 · program services $12,480 · management and general $3,120

  • 17 · Travel

    total $10,234 · program services $8,187 · management and general $2,047

  • 19 · Conferences, conventions and meetings

    total $187,302 · program services $187,302

  • 23 · Insurance

    total $5,163 · program services $4,130 · management and general $1,033

  • 24a · Other expenses: PROFESSIONAL FEES

    total $39,836 · program services $39,836

  • 24b · Other expenses: TEXTBOOK EXPENSES

    total $28,933 · management and general $28,933

  • 24c · Other expenses: WEBSITE

    total $15,762 · program services $12,610 · management and general $3,152

  • 24d · Other expenses: MISCELLANEOUS

    total $13,330 · program services $10,664 · management and general $2,666

  • 24e · All other expenses

    total $16,942 · program services $16,942

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $845,008 · end of year $958,742

  • 2 · Savings and temporary cash investments

    beginning of year $1,391,764 · end of year $1,580,026

  • 4 · Accounts receivable

    beginning of year $45,435 · end of year $70,908

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,863 · end of year $13,767

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

    $6,880

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

    $6,880

  • 15 · Other assets

    end of year $36,963

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,013 · end of year $12,414

  • 19 · Deferred revenue

    beginning of year $463,000 · end of year $501,000

  • 25 · Other liabilities

    end of year $36,963

  • 27 · Net assets without donor restrictions

    beginning of year $1,798,361 · end of year $2,075,733

  • 28 · Net assets with donor restrictions

    beginning of year $23,696 · end of year $34,296

Mission and programs · 2023

Mission

AMERICAN BOARD OF FUNERAL SERVICE EDUCATION, INC. (THE ORGANIZATION) IS A DISTRICT OF COLUMBIA NOT-FOR-PROFIT ORGANIZATION FORMED IN 1961 FOR THE PURPOSE OF FURTHERING EDUCATION IN THE FIELD OF FUNERAL SERVICE, FORMULATING STANDARDS OF FUNERAL SERVICE EDUCATION, AND GRANTING ACCREDITATION TO QUALIFIED INSTITUTIONS AND PROGRAMS FOR FUNERAL SERVICE EDUCATION.

  • ACCREDITATION - ACCREDITATION OF SCHOOLS AND COLLEGES HAVING MORTUARY SCIENCE AND FUNERAL SERVICE DEPARTMENTS AFFILIATED WITH THE AMERCIAN BOARD OF FUNERAL SERVICE EDUCATION AND AWARDING SCHOLARSHIPS TO STUDENTS STUDYING MORTUARY SCIENCE.

    Expenses $503,525

  • SCHOLARSHIPS - THE ORGANIZATION RECEIVES FUNDS FOR THE PURPOSE OF SCHOLARSHIPS. THE ORGANIZATION USES THESE FUNDS TO ISSUE SCHOLARSHIPS TO RECIPIENT'S FOR TUITION COSTS.

    Expenses $17,500 · Grants $17,500

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert C Smith III

    EXECUTIVE DI

    Total calculated
    $135,830
    From this org
    $135,830
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Randy Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Finocchiaro

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jolena Grande

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shawn'Te Havell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barbara Kemmis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cody Lopasky

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Tony Moore

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
10 April 2025
IRS schema version
2023v6.0
Source object
202511619349301751

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