ASSOCIATION FOR EDUCATION FINANCE & POLICY

EIN: 581350874 501(c)(3)

SPARKS, NV

Total Revenue
$658,454
Total Expenses
$520,041
Total Assets
$1,063,660
Net Assets
$1,048,692
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
FL
Principal Officer
RICHARD BOWMAN
Phone
7754534080
Tax Period
2023-01-01 to 2023-12-31

ASSOCIATION FOR EDUCATION FINANCE & POLICY, founded in 1975, is a small nonprofit that reported $658K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $138K, a strong 21% operating margin.

Mission

THE ASSOCIATION FOR EDUCATION FINANCE AND POLICY (AEFP) IS DEDICATED TO THE PROMOTION OF RESEARCH AND PARTNERSHIPS THAT CAN INFORM EDUCATION POLICY AND FINANCE AND IMPROVE EDUCATION OUTCOMES. THE AEFP PROMOTES ITS MISSION BY: ENCOURAGING INTELLECTUALLY RIGOROUS EDUCATION FINANCE AND POLICY-RELATED INQUIRY AND SCHOLARSHIP CAPABLE OF IMPROVING UNDERSTANDING AND PRACTICE. DISSEMINATING THEORETICAL AND PRACTICALLY USEFUL KNOWLEDGE. STIMULATING RESPONSIBLE PUBLIC AND PROFESSIONAL DELIBERATION AND DEBATE REGARDING FINDINGS, PRACTICAL POLICY APPLICATIONS, AND RESEARCH METHODS. EXPANDING THE SPECTRUM OF SCHOLARS AND PRACTITIONERS FROM MULTIPLE INTELLECTUAL DISCIPLINES AND PROFESSIONAL FIELDS EXAMINING EDUCATION FINANCE AND POLICY. WELCOMING EARLY CAREER SCHOLARS AND PRACTITIONERS INTO CONVERSATIONS ABOUT EDUCATION FINANCE AND POLICY AND FOSTERING AN ATMOSPHERE OF INCLUSION AND RESPECT. CENTERING JUSTICE, EQUITY, DIVERSITY, AND INCLUSION IN THE WORK OF THE ORGANIZATION TO ENSURE THAT ALL VOICES

Program Service Accomplishments

Program 1
Expenses: $262,093 Revenue: $288,634

MORE THAN 600 CONFERENCE PARTICIPANTS CONDUCT RESEARCH IN P-20 EDUCATION FINANCE AND POLICY, PRESENTED AT THE ANNUAL CONFERENCE. THESE RESEARCHERS MAY BE POLICYMAKERS AT THE LOCAL, STATE, AND FEDERAL...

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MORE THAN 600 CONFERENCE PARTICIPANTS CONDUCT RESEARCH IN P-20 EDUCATION FINANCE AND POLICY, PRESENTED AT THE ANNUAL CONFERENCE. THESE RESEARCHERS MAY BE POLICYMAKERS AT THE LOCAL, STATE, AND FEDERAL AGENCIES, IN TEACHER ASSOCIATIONS, AT UNIVERSITIES, THINK TANKS, AND NON PROFITS WORKING AS EDUCATORS, ECONOMISTS, POLITICAL SCIENTISTS, PUBLIC ADMINISTRATORS AND HIGHER EDUCATION FACULTY IN THOSE FIELDS. TOPIC AREAS ARE EDUCATOR LABOR MARKETS AND EFFECTIVENESS, SCHOOL EFFECTIVENESS, AND SCHOOL FINANCE. THE RELATIVELY SMALL SIZE OF THE CONFERENCE ALLOWS FOR AND ACTIVELY ENCOURAGES MEANINGFUL AND COLLEGIAL ENGAGEMENT FOR ALL ITS ATTENDEES, REGARDLESS OF CAREER PATHS, SENIORITY, ETC. THE CONFERENCE IS AEFR'S PRIMARY MODE OF ENGAGEMENT, INCLUDING A PLENARY TO PROVIDE ANOTHER OPPORTUNITY FOR MEMBERS TO INTERACT AND VISIT OUTSIDE OF PAPER SESSIONS.

Program 2
Expenses: $45,547 Revenue: $9,625

AEFP PUBLISHES THROUGH MIT PRESS A QUARTERLY JOURNAL, EDUCATION FINANCE & POLICY, FOR ITS MEMBERS AND TO UNIVERSITY LIBRARIES, FOUNDED IN 2005-2006. AEFP HAS HAD A LONG STANDING EXTERNAL SUPPORT...

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AEFP PUBLISHES THROUGH MIT PRESS A QUARTERLY JOURNAL, EDUCATION FINANCE & POLICY, FOR ITS MEMBERS AND TO UNIVERSITY LIBRARIES, FOUNDED IN 2005-2006. AEFP HAS HAD A LONG STANDING EXTERNAL SUPPORT GRANT TO AID EXPENSES AS THE JOURNAL DEVELOPS. SINCE 2013, THE FIRST YEAR THAT THE JOURNAL RECEIVED AN IMPACT FACTOR, THE FACTOR HAS BEEN STEADILY INCREASING.

Program 3
Expenses: $66,156

AEFP PROVIDES TRAVEL GRANTS, OUTSTANDING DISSERTATION AWARDS AND RESEARCH GRANTS TO GRADUATE STUDENTS AND EARLY CAREER SCHOLARS.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $358,685
Program Service Revenue $298,259
Investment Income $210
Other Revenue $1,300
TOTAL REVENUE $658,454

Expense Breakdown

Grants Paid $30,410
Salaries & Benefits $79,583
Fundraising Expenses $0
Program Expenses $373,796
Other Expenses $410,048
TOTAL EXPENSES $520,041

Year-over-Year Comparison

2023 2022 Change
Revenue $658,454 $568,141 +0.2%
Expenses $520,041 $469,193 +0.1%
Net Income $138,413 $98,948 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
21
Independent Members
21
Employees
2
Volunteers
80

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
4
$42,000
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERTA HERMAN EXECUTIVE DI 40.00
Officer
$40,880 $1,120 $42,000
ANJALI ADUKA BOARD MEMBER 1.00
Director
$0 $0 $0
TOMMASO AGASISTI BOARD MEMBER 1.00
Director
$0 $0 $0
KYLE ARNONE BOARD MEMBER 1.00
Director
$0 $0 $0
RACHEL BAKER BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD BOWMAN TREASURER 2.00
Officer Director
$0 $0 $0
TOLANI BRITTON BOARD MEMBER 1.00
Director
$0 $0 $0
COLIN CHELLMAN PRESIDENT 2.00
Officer Director
$0 $0 $0
TINA COLLINS BOARD MEMBER 1.00
Director
$0 $0 $0
MATTHEW DUQUE BOARD MEMBER 1.00
Director
$0 $0 $0
LI FENG BOARD MEMBER 1.00
Director
$0 $0 $0
JOSHUA GOODMAN BOARD MEMBER 1.00
Director
$0 $0 $0
JASON GRISSOM PAST-PRESIDE 1.00
Director
$0 $0 $0
AYESHA HASHIM BOARD MEMBER 1.00
Director
$0 $0 $0
CARA JACKSON PRESIDENT-EL 3.00
Officer Director
$0 $0 $0
CONSTANCE LINDSAY BOARD MEMBER 1.00
Director
$0 $0 $0
STACEY PELIKA BOARD MEMBER 1.00
Director
$0 $0 $0
KRYSTAFER REDDEN BOARD MEMBER 1.00
Director
$0 $0 $0
SHANNA RICKETTS BOARD MEMBER 1.00
Director
$0 $0 $0
BETH SCHUELER BOARD MEMBER 1.00
Director
$0 $0 $0
LUCY SORENSEN BOARD MEMBER 1.00
Director
$0 $0 $0
JON VALANT BOARD MEMBER 1.00
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 No data No data No data No data
2023 $658,454 $520,041 $1,063,660 $138,413
2022 $568,141 $469,193 $916,077 $98,948
2021 $403,694 $187,588 $815,045 $216,106
2020 $403,031 $223,474 $625,696 $179,557
2019 $406,769 $370,197 $498,031 $36,572
2018 $414,236 $296,760 $457,868 $117,476
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