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← ASSOCIATION OF AFRICAN AMERICAN FINANCIAL ADVISORS

Form 990 for tax year 2025

Filed by ASSOCIATION OF AFRICAN AMERICAN FINANCIAL ADVISORS.

Totals

Total revenue
$1,869,520
Total expenses
$2,135,292
Contributions and grants received
$1,869,520
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$201,024
Total liabilities, end of year
$265,020
Net assets or fund balances, end of year
-$63,996
Program services expenses (Part IX)
$1,480,070
Management and general expenses
$598,239
Fundraising expenses
$56,983
Program service expenses (Part III)
$1,480,070

Program services were 69.3% 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

    $58,591

  • 1f · All other contributions, gifts and grants

    $1,810,929

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $309,739 · program services $216,818 · management and general $61,948 · fundraising $30,973

  • 7 · Other salaries and wages

    total $151,096 · program services $68,023 · management and general $71,546 · fundraising $11,527

  • 9 · Other employee benefits

    total $112,165 · program services $65,897 · management and general $37,126 · fundraising $9,142

  • 10 · Payroll taxes

    total $32,707 · program services $17,723 · management and general $12,643 · fundraising $2,341

  • 11b · Fees: legal

    total $13,983 · management and general $13,983

  • 11c · Fees: accounting

    total $57,927 · management and general $57,927

  • 11g · Fees: other

    total $70,424 · program services $13,659 · management and general $53,765 · fundraising $3,000

  • 12 · Advertising and promotion

    total $61,604 · program services $43,454 · management and general $18,150

  • 13 · Office expenses

    total $56,468 · program services $21,653 · management and general $34,815

  • 14 · Information technology

    total $2,666 · management and general $2,666

  • 16 · Occupancy

    total $7,911 · management and general $7,911

  • 17 · Travel

    total $60,615 · program services $60,615

  • 19 · Conferences, conventions and meetings

    total $937,366 · program services $934,356 · management and general $3,010

  • 20 · Interest

    total $483 · management and general $483

  • 23 · Insurance

    total $1,727 · management and general $1,727

  • 24a · Other expenses: INVESTMENT WRITE OFF

    total $200,000 · program services $0 · management and general $200,000 · fundraising $0

  • 24b · Other expenses: STAFF RETREAT

    total $14,000 · program services $7,020 · management and general $6,980 · fundraising $0

  • 24c · Other expenses: MEALS

    total $12,787 · program services $12,787 · management and general $0 · fundraising $0

  • 24d · Other expenses: MEETING EXPENSES

    total $11,495 · program services $11,349 · management and general $146 · fundraising $0

  • 24e · All other expenses

    total $20,129 · program services $6,716 · management and general $13,413

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $383,385 · end of year $162,657

  • 4 · Accounts receivable

    beginning of year $200,000 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $977 · end of year $16,367

  • 15 · Other assets

    beginning of year $22,500 · end of year $22,000

  • 25 · Other liabilities

    beginning of year $405,086 · end of year $265,020

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $201,776 · end of year -$63,996

Mission and programs · 2025

Mission

AAAA WAS CREATED TO ADDRESS THE NEEDS AND CONCERNS OF AFRICAN AMERICAN FINANCIAL PROFESSIONALS. AAAA IS A NON-PROFIT MEMBERSHIP ORGANIZATION FOR BLACK OR AFRICAN AMERICAN FIANCIAL ADVISORS AND AFFILIATED PROFESSIONALS. [CONTINUED ON SCHEDULE O]

  • AAAA ACCOMPLISHES SUPPORT OF ITS MEMBERSHIP NETWORK AND THE COMMUNITY THROUGH: MONTHLY WEBINARS THAT INCLUDE ELIGIBLILTY OF CFP CONTINUING EDUCATION CREDITS, AND AN ANNUAL SCHOLARSHIP TOWARD EARNING CFP DESIGNATION; REGIONAL NETWORKING EVENTS [MEETUPS] AND AN ANNUAL CONFERENCE; MEMBERSHIP DIRECTORY, ONLINE COMMUNITY FORUM, AND JOB POSTING BOARD; FIRM AND SERVICES SHOWCASE ON THE AAAA CONSUMER FINANCIAL ADVISOR FINDER PORTAL.

    Expenses $1,480,070

As filed on the 2025 return.

Listed in Part VII

  • Reginald Lillie

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Araya Mesfin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Sheena Gray

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $309,739
    From this org
    $309,739
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $248,802
    Bonus
    $60,937
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $309,739

  • Alex David

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • Sharif Muhammad

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Lecount Davis

    CHAIRMAN EMERITUS

    Total calculated
    $0
    Hours/week
    0

  • Desi Wyatt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

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 · Written employment contract
  • 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

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
2025
Filed
18 May 2026
IRS schema version
2025v4.1
Source object
202601389349300850

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