AFCEA EDUCATION FOUNDATION

EIN: 521580757 501(c)(3)

COLORADO SPRINGS, CO

Total Revenue
$6,289,789
Total Expenses
$470,624
Total Assets
$9,916,467
Net Assets
$9,916,467
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
CO
Principal Officer
ROSS MORRELL
Phone
7199305318
Tax Period
2024-01-01 to 2024-12-31

AFCEA EDUCATION FOUNDATION, founded in 1955, is a community nonprofit that reported $6.3M in total revenue in fiscal year 2024. Revenue surged 1079% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.8M, a strong 93% operating margin.

Mission

TO OFFER ANNUAL SCHOLARSHIPS AND GRANTS FOR STUDENTS AND TEACHERS IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM).

Program Service Accomplishments

Program 1
Expenses: $465,964

2024 ACCOMPLISHMENTS: THE ROCKY MOUNTAIN CHAPTER (RMC) GAINED 75 NEW MEMBERS AND 18 NEW CORPORATE MEMBERSHIPS, FURTHERING THE CHAPTER'S COMMITMENT TO INCREASE ITS PRESENCE IN THE COMMUNITY. THE...

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2024 ACCOMPLISHMENTS: THE ROCKY MOUNTAIN CHAPTER (RMC) GAINED 75 NEW MEMBERS AND 18 NEW CORPORATE MEMBERSHIPS, FURTHERING THE CHAPTER'S COMMITMENT TO INCREASE ITS PRESENCE IN THE COMMUNITY. THE CHAPTER CONTINUED TO MAKE AN ENORMOUS IMPACT LOCALLY BY DONATING OVER 450K FOR STEM SCHOLARSHIPS, TEACHER GRANTS, AND OTHER STEM-RELATED COMMUNITY ACTIVITIES. 50K FOR STEM SCHOLARSHIPS WAS DONATED TO THE UNIVERSITY OF COLORADO-COLORADO SPRINGS (UCCS) AND DONATIONS FOR STEM TEACHER GRANTS WERE INCREASED FROM 130K TO 180K, PROVIDING EVEN MORE SUPPORT TO ELEMENTARY, MIDDLE, AND HIGH SCHOOL TEACHERS, WITH ADDITIONAL EMPHASIS ON TITLE 1 SCHOOLS. THE PARTNERSHIP WITH GOODWILL OF COLORADO CONTINUED WITH 50K TO SUPPORT THEIR LIFT PROGRAM THAT TRAINS ADULTS IN CYBERSECURITY CERTIFICATIONS, FOCUSING ON WOMEN AND VETERANS. RMC AFCEA CONTINUED TO BE THE LARGEST NATIONWIDE SUPPORTER OF THE SCRIPPS HOWARD "IF YOU GIVE A CHILD A BOOK" PROGRAM, PROVIDING OVER 65K FOR BOOKS FOR TITLE I ELEMENTARY SCHOOL STUDENTS. 2025 GOALS: 1) INCREASE INDIVIDUAL MEMBERSHIP BY AT LEAST ONE PERSON 2) INCREASE CORPORATE MEMBERSHIP BY 1 COMPANY 3) ESTABLISH AN AFCEA HEADQUARTERS HOSTED WEBSITE OR MAINTAIN AN EXISTING ONE 4) RAISE AT LEAST 400K THROUGH CHAPTER FUNDRAISING EVENTS THROUGHOUT THE YEAR 5) HOLD A QUARTERLY SMALL BUSINESS NETWORKING EVENT 6) DONATE 500K TO THE LOCAL COMMUNITY FOR STEM-RELATED EDUCATION ACTIVITIES 7) ATTRACT OVER 2,000 ATTENDEES TO RMCS25 8) HOLD AT LEAST TWO SOCIAL EVENTS DURING THE CALENDAR YEAR FOR EMERGING LEADERS 9) SUBMIT AT LEAST 2 INTERNATIONAL AWARDS DURING THE CALENDAR YEAR

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $452,611
Program Service Revenue $0
Investment Income $5,837,178
Other Revenue $0
TOTAL REVENUE $6,289,789

Expense Breakdown

Grants Paid $291,625
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $465,964
Other Expenses $178,999
TOTAL EXPENSES $470,624

Year-over-Year Comparison

2024 2023 Change
Revenue $6,289,789 $533,259 +10.8%
Expenses $470,624 $426,946 +0.1%
Net Income $5,819,165 $106,313 +53.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
13

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
13
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD JANOSO TREASURER 4.25
Officer Director
$0 $0 $0
PHIL PARKER EXEC VP 2.50
Officer Director
$0 $0 $0
RUSS FELLERS VP, EDUCATIO 6.25
Officer Director
$0 $0 $0
JASON SIMMONS SYMPOSIUM CO 5.50
Officer Director
$0 $0 $0
BRIAN SROUFE VP, AWARDS 0.75
Officer Director
$0 $0 $0
CODY GOODIN VP, EMERGING 1.50
Officer Director
$0 $0 $0
SHANE DEICHMAN VP, CORP AFF 0.38
Officer Director
$0 $0 $0
KRISTINA HALEY SECRETARY 5.00
Officer Director
$0 $0 $0
ANTHONY JOHNSON VP, PROGRAMS 1.25
Officer Director
$0 $0 $0
MIKE FINN VP, ENDOWMEN 1.50
Officer Director
$0 $0 $0
ROSS MORRELL PRESIDENT 4.00
Officer Director
$0 $0 $0
ANDREW FUNK VP, EMERGING 3.00
Officer Director
$0 $0 $0
HAROLD HOANG VP, MEMBERSH 3.13
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $6,289,789 $470,624 $9,916,467 $5,819,165
2023 $533,259 $426,946 $8,073,252 $106,313
2022 $645,325 $541,434 $4,934,645 $103,891
2021 $292,579 $302,743 $7,103,467 $-10,164
2020 $242,551 $236,255 $5,370,815 $6,296
2019 $196,361 $192,202 $3,935,813 $4,159
2018 $228,875 $147,916 $3,178,679 $80,959
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