AMERICAN FEDERATION FOR CHILDREN GROWTH FUND INC

EIN: 522111508 501(c)(3) Education

COLUMBIA, MD

Total Revenue
$14,793,929
Total Expenses
$13,215,663
Total Assets
$9,387,483
Net Assets
$8,752,816
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
IN
Principal Officer
THOMAS SCHULTZ
Phone
2022801990
Tax Period
2024-01-01 to 2024-12-31

AMERICAN FEDERATION FOR CHILDREN GROWTH FUND INC, founded in 1998, is a mid-sized nonprofit in the Education sector that reported $14.8M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $13.2M left a modest 11% surplus.

Mission

TO EMPOWER FAMILIES, ESPECIALLY LOWER-INCOME FAMILIES, WITH THE FREEDOM TO CHOOSE THE BEST K-12 EDUCATION FOR THEIR CHILDREN.

Program Service Accomplishments

Program 1
Expenses: $6,055,743

DIRECT STATE SUPPORT: DIRECT GRANTS MADE TO NON-PROFIT ORGANIZATIONS, CONTRACTS WITH CONSULTANTS AND DIRECT EXPENSES INCURRED WITHIN SELECT STATES THROUGHOUT THE COUNTRY TO SUPPORT EFFORTS TO...

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DIRECT STATE SUPPORT: DIRECT GRANTS MADE TO NON-PROFIT ORGANIZATIONS, CONTRACTS WITH CONSULTANTS AND DIRECT EXPENSES INCURRED WITHIN SELECT STATES THROUGHOUT THE COUNTRY TO SUPPORT EFFORTS TO DEVELOP, GROW, AND IMPLEMENT SCHOOL CHOICE PROGRAMS INCLUDING MARKETING AND ADVERTISING PROGRAMS PROMOTING EDUCATIONAL CHOICE PROGRAMS BY TARGETING ELIGIBLE FAMILIES TO RAISE AWARENESS OF AND INCREASE PARTICIPATION IN EXISTING PRIVATE SCHOOL CHOICE PROGRAMS AVAILABLE TO THE FAMILIES IN THEIR RESPECTIVE STATES.

Program 2
Expenses: $5,001,150

COMMUNICATIONS: DEVELOP AND DISTRIBUTE RESEARCH AND POLICY MATERIAL TO EDUCATE POLICYMAKERS, STATE AND LOCAL LEADERS, MEDIA AND GENERAL PUBLIC ABOUT THE NEED FOR, AND SUCCESS OF, SCHOOL CHOICE...

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COMMUNICATIONS: DEVELOP AND DISTRIBUTE RESEARCH AND POLICY MATERIAL TO EDUCATE POLICYMAKERS, STATE AND LOCAL LEADERS, MEDIA AND GENERAL PUBLIC ABOUT THE NEED FOR, AND SUCCESS OF, SCHOOL CHOICE; DEVELOP AND MOBILIZE AT THE GRASSROOTS LEVEL SUPPORT FOR SCHOOL CHOICE; CONDUCT PRINT, BROADCAST, DIGITAL, AND SOCIAL MEDIA ACTIVITIES TO PROMOTE SCHOOL CHOICE AROUND THE COUNTRY. HOST FELLOWSHIP PROGRAMS TO TRAIN FORMER RECIPIENTS OF SCHOOL CHOICE PROGRAMS AND COMMUNITY LEADERS TO PROMOTE SCHOOL CHOICE.

Program 3
Expenses: $294,768 Revenue: $37,475

CONFERENCES: CONDUCT OR PARTICIPATE IN TRAINING SEMINARS, CONFERENCES, AND SMALL DONOR EVENTS FOR SCHOLARS AND ACTIVISTS TO DEVELOP STRATEGIES FOR ADVANCING AND PROMOTING SCHOOL CHOICE AROUND THE...

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CONFERENCES: CONDUCT OR PARTICIPATE IN TRAINING SEMINARS, CONFERENCES, AND SMALL DONOR EVENTS FOR SCHOLARS AND ACTIVISTS TO DEVELOP STRATEGIES FOR ADVANCING AND PROMOTING SCHOOL CHOICE AROUND THE COUNTRY.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $14,363,232
Program Service Revenue $37,475
Investment Income $392,081
Other Revenue $1,141
TOTAL REVENUE $14,793,929

Expense Breakdown

Grants Paid $2,400,000
Salaries & Benefits $22,000
Fundraising Expenses $949,999
Program Expenses $11,351,661
Other Expenses $10,488,677
TOTAL EXPENSES $13,215,663

Year-over-Year Comparison

2024 2023 Change
Revenue $14,793,929 $12,027,528 +0.2%
Expenses $13,215,663 $12,117,751 +0.1%
Net Income $1,578,266 $-90,223 -18.5%
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
9
Independent Members
8
Employees
N/A
Volunteers
10

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
6
$1,110,911
Total Directors
10
$22,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANN DUPLESSIS DIRECTOR 0.50
Director
$22,000 $0 $22,000
WILLIAM E OBERNDORF CHAIRMAN 2.00
Officer Director
$0 $0 $0
JOHN KIRTLEY VICE-CHAIR 1.00
Officer Director
$0 $0 $0
KATHY HUBBARD SECRETARY 1.00
Officer Director
$0 $0 $0
LEE BARFIELD II DIRECTOR 1.00
Director
$0 $0 $0
KEVIN P CHAVOUS DIRECTOR 1.00
Director
$0 $0 $0
HON JOSEPH LIEBERMAN DIRECTOR (THRU 02/24) 1.00
Director
$0 $0 $0
EDWARD MCDERMOTT DIRECTOR 1.00
Director
$0 $0 $0
SISTER ROSEMARIE NASSIF DIRECTOR 1.00
Director
$0 $0 $0
PAUL SHIVERICK DIRECTOR 1.00
Director
$0 $0 $0
ELISA CLEMENTS LINDE CHIEF OPERATING OFFICER 24.45
Officer
$0 $17,600 $368,122
THOMAS SCHULTZ CHIEF EXECUTIVE OFFICER 22.35
Officer
$0 $44,649 $427,942
JENNIFER MILLER CFO/TREASURER 16.56
Officer
$0 $51,617 $314,847
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 $14,793,929 $13,215,663 $9,387,483 $1,578,266
2023 $12,027,528 $12,117,751 $8,024,821 $-90,223
2022 $10,112,654 $11,596,217 $7,919,910 $-1,483,563
2021 $14,325,717 $8,813,945 $9,265,288 $5,511,772
2020 $5,109,056 $8,762,625 $3,553,977 $-3,653,569
2019 $7,326,150 $9,803,459 $7,319,700 $-2,477,309
2018 $13,445,383 $8,683,389 $9,870,640 $4,761,994
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