Afsa Education Foundation
Nonprofit profile at a glance
- EIN
- 521673101
- IRS 990 coverage
- 2012–2025
- Forms available
- Form 990 2025
- Location
- Washington, DC, USA
- Phone
- 2024668611
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities N.E.C.
Reported finances
- Revenue
- $1,638,332
- Expenses
- $910,514
- Assets
- $12,796,664
- Liabilities
- $47,543
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- RHONDA K ASHBURN (EXECUTIVE DIRECTOR)
Highest reported compensation
- RHONDA K ASHBURN (EXECUTIVE DIRECTOR): $255,580 total reported compensation
- OLIVIA DIBIASE (DIRECTOR OF FINANCIAL EDUCATION): $168,749 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote awareness of personal money management skills and knowledge that will help consumers realize the benefits of responsible money management and the credit process, and by providing personal finance curricula to educate students in middle school, high school and college.
What it reported doing in 2025
Management development programs - the afsa education foundation leadership development program was held at the university of North Carolina at chapel hill with 37 participants from 11 financial services companies. Sessions focused on leadership & management self-awareness, strategic thinking & execution, inclusive leadership, leading & managing change, communicating for impact: storytelling & multidirectional communications, team building, & industry updates. The edge (education, development, growth, & enrichment) program was held at mercer university in atlanta with 85 participants from 13 financial services companies. The industry's top executives & subject matter experts taught 21 different sessions with topics ranging from leadership to time management. A culminating activity included c-suite panelists sharing their paths to success.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 65
- Accountability: 90
- Sustainability: 79
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.8%; rating input score 59
- Program expense ratio: 87.8%; rating input score 88
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 44.4%; rating input score 89; 89th percentile among comparable filings
- Total-asset coverage ratio: 14.05; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 67; 67th percentile among comparable filings
- Officer compensation ratio: 23.2%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: 2.6% per year; rating input score 100; 25th percentile among comparable filings
- Revenue growth: 0.9% per year; rating input score 100; 14th percentile among comparable filings
- Asset growth: 6.6% per year; rating input score 100; 42nd percentile among comparable filings
Details
- Where the money goes: 58.8% of revenue deployed · 87.8% of spending went to programs
- Governance: 23 of 23 board members independent · 6 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $799K in reported program spending
- Leadership: top reported pay $256K · 24 people listed · 0 of 6 pay-setting controls reported
- Consistency: 28 of 28 current checks pass
- Schedules: 5 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2012 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 59/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Officer compensation ratio scored 13/100.