Totals
- Total revenue
- $4,130,928
- Total expenses
- $3,817,123
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $4,130,928
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $2,198,822
- Total liabilities, end of year
- $1,471,612
- Net assets or fund balances, end of year
- $727,210
- 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 $3,823,553 · related or exempt $3,823,553
-
2b · Program service revenue: CONFERENCE
total $292,375 · related or exempt $292,375
-
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 $1,760,751
-
7 · Other salaries and wages
total $213,651
-
8 · Pension plan contributions
total $20,912
-
9 · Other employee benefits
total $16,524
-
10 · Payroll taxes
total $106,522
-
11b · Fees: legal
total $901,924
-
11c · Fees: accounting
total $42,600
-
11d · Fees: lobbying
total $156,170
-
11g · Fees: other
total $124,098
-
12 · Advertising and promotion
total $2,877
-
13 · Office expenses
total $37,292
-
14 · Information technology
total $23,030
-
16 · Occupancy
total $73,612
-
17 · Travel
total $111,293
-
19 · Conferences, conventions and meetings
total $160,216
-
22 · Depreciation, depletion and amortization
total $7,133
-
23 · Insurance
total $22,692
-
24a · Other expenses: DUES AND SUBSCRIPTIONS
total $34,121
-
24b · Other expenses: OTHER EXPENSES
total $1,705
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,114,635 · end of year $1,916,555
-
4 · Accounts receivable
beginning of year $49,206 · end of year $196,728
-
9 · Prepaid expenses and deferred charges
beginning of year $2,704 · end of year $7,683
-
10a · Land, buildings and equipment: cost or other basis
$51,052
-
10b · Land, buildings and equipment: accumulated depreciation
$16,614
-
10c · Land, buildings and equipment, net
beginning of year $15,439 · end of year $34,438
-
15 · Other assets
beginning of year $9,355 · end of year $43,418
-
17 · Accounts payable and accrued expenses
beginning of year $25,432 · end of year $676,294
-
19 · Deferred revenue
beginning of year $748,227 · end of year $795,318
-
27 · Net assets without donor restrictions
beginning of year $417,680 · end of year $727,210
Mission and programs · 2024
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 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Martha O'MalleyMARTHA O'MALLEY
CHAIR OF THE BOARD
- Total calculated
- $0
- Hours/week
- 1
-
Ezra GarrettEZRA GARRETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ulrico IzaguirreULRICO IZAGUIRRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joseph GarbaJOSEPH GARBA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Farah ZubairFARAH ZUBAIR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric GottERIC GOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David DurantDAVID DURANT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kieran NoonanKIERAN NOONAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nathaniel HoopesNATHANIEL HOOPES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lisa AlbistonLISA ALBISTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ryan NaplesRYAN NAPLES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jenna HuntJENNA HUNT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rachel KesslerRACHEL KESSLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Y Phillip GoldfederY PHILLIP GOLDFEDER
CHIEF EXECUTIVE OFFICER
- Total calculated
- $813,570
- From this org
- $600,000
- From related orgs
- $0
- Other
- $213,570
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $450,000
- Bonus
- $150,000
- Other
- $0
- Deferred
- $172,980
- Nontaxable benefits
- $40,590
- Filer's total
- $813,570
-
Rebecca O'MaraREBECCA O'MARA
SVP, CFO
- Total calculated
- $393,138
- From this org
- $311,000
- From related orgs
- $0
- Other
- $82,138
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $250,000
- Bonus
- $61,000
- Other
- $0
- Deferred
- $65,000
- Nontaxable benefits
- $17,138
- Filer's total
- $393,138
-
Elizabeth GorzELIZABETH GORZ
CHIEF STRATEGY OFFICER
- Total calculated
- $191,019
- From this org
- $178,221
- From related orgs
- $0
- Other
- $12,798
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $178,221
- Bonus
- $0
- Other
- $0
- Deferred
- $6,875
- Nontaxable benefits
- $5,923
- Filer's total
- $191,019
-
Ian MoloneyIAN MOLONEY
HEAD OF POLICY & REGULATORY AFFAIRS
- Total calculated
- $363,024
- From this org
- $260,000
- From related orgs
- $0
- Other
- $103,024
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $250,000
- Bonus
- $10,000
- Other
- $0
- Deferred
- $78,125
- Nontaxable benefits
- $24,899
- Filer's total
- $363,024
-
Taylor M McCarthyTAYLOR M MCCARTHY
VP
- Total calculated
- $156,226
- From this org
- $120,667
- From related orgs
- $0
- Other
- $35,559
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $120,667
- Bonus
- $0
- Other
- $0
- Deferred
- $19,875
- Nontaxable benefits
- $15,684
- Filer's total
- $156,226
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
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
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533189349309288
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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