ASSOCIATION OF SMALL FOUNDATIONS

EIN: 650617866 501(c)(3) Philanthropy & Grantmaking

WASHINGTON, DC

Total Revenue
$3,267,087
Total Expenses
$3,343,665
Total Assets
$3,694,614
Net Assets
$2,685,780
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
DE
Principal Officer
PAUL D DAUGHERTY
Phone
2025806560
Tax Period
2025-01-01 to 2025-12-31

ASSOCIATION OF SMALL FOUNDATIONS, founded in 1995, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.3M in total revenue in fiscal year 2025. Revenue decreased 12% compared to the prior year.

Mission

TO AMPLIFY & INCREASE THE IMPACT OF LEAN FUNDERS IN ORDER TO TRANSFORM COMMUNITIES THROUGH INFORMED GIVING. WITH MORE THAN 1,500 MEMBERS IN EVERY CORNER OF THE US, WE ARE A NATIONWIDE NETWORK OF COMMUNITY CONNECTED PHILANTHROPY LEADERS, DONORS & FUNDERS WITH LEAN OPERATIONS.

Program Service Accomplishments

Program 1
Expenses: $1,875,054 Revenue: $0

PROGRAMS: FOSTER LEARNING, COLLABORATION, AND KNOWLEDGE SHARING TO DEEPEN MEMBER EXPERTISE AND PROFESSIONAL DEVELOPMENT. IN 2025, WE ENGAGED 1824 PROFESSIONALS ACROSS 22 WEBINARS, PEER CIRCLES...

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PROGRAMS: FOSTER LEARNING, COLLABORATION, AND KNOWLEDGE SHARING TO DEEPEN MEMBER EXPERTISE AND PROFESSIONAL DEVELOPMENT. IN 2025, WE ENGAGED 1824 PROFESSIONALS ACROSS 22 WEBINARS, PEER CIRCLES, ROUNDTABLES, AND COHORT PROGRAMS FOCUSED ON CATALYTIC LEADERSHIP IN PHILANTHROPY, RACIAL EQUITY, DISABILITY INCLUSION AND NEXT-GENERATION READINESS TAILORED FOR THE LEAN FUNDING COMMUNITY.

Program 2
Expenses: $508,257 Revenue: $0

CONFERENCE: EXPONENT PHILANTHROPY'S ANNUAL CONFERENCE IS THE PREMIER GATHERING FOR LEAN FUNDERS. HELD ANNUALLY, THE CONFERENCE OFFERS A UNIQUE SPACE FOR PHILANTHROPISTS TO CONNECT, SHARE EXPERIENCES...

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CONFERENCE: EXPONENT PHILANTHROPY'S ANNUAL CONFERENCE IS THE PREMIER GATHERING FOR LEAN FUNDERS. HELD ANNUALLY, THE CONFERENCE OFFERS A UNIQUE SPACE FOR PHILANTHROPISTS TO CONNECT, SHARE EXPERIENCES, AND LEARN FROM ONE ANOTHER. IN 2025, THE CONFERENCE CONVENED ALMOST 500 PARTICIPANTS IN COLUMBUS, OH. WITH OVER 45 SESSIONS FEATURING 100+ SPEAKERS, PRESENTERS AND EXPERTS, THIS YEAR'S AGENDA SHOWCASED BOLD IDEAS AND STRATEGIES TO ADVANCE PHILANTHROPIC MISSIONS. THE EVENT FEATURES A VARIETY OF SESSIONS, INCLUDING WORKSHOPS, PLENARIES, AND SITE VISITS, COVERING TOPICS SUCH AS CATALYTIC PHILANTHROPY, EQUITY-CENTERED PRACTICES, AND FOUNDATION MANAGEMENT FUNDAMENTALS.

Program 3
Expenses: $126,682 Revenue: $0

RESEARCH: GATHERS, ANALYZES, AND SHARES DATA THAT HELPS LEAN FUNDERS AND DONORS MAKE MORE INFORMED DECISIONS. IT PRODUCES PRACTICAL, ACTIONABLE INSIGHTS THROUGH SURVEYS, BENCHMARKING REPORTS, AND...

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RESEARCH: GATHERS, ANALYZES, AND SHARES DATA THAT HELPS LEAN FUNDERS AND DONORS MAKE MORE INFORMED DECISIONS. IT PRODUCES PRACTICAL, ACTIONABLE INSIGHTS THROUGH SURVEYS, BENCHMARKING REPORTS, AND EVALUATIONS OF PHILANTHROPIC PRACTICES THAT ARE DESIGNED TO HELP FOUNDATIONS OPERATE EFFECTIVELY, FOSTER EQUITY AND MEET COMPLIANCE STANDARDS. OUR SIGNATURE ANNUAL REPORT, WITH OVER 1000 DOWNLOADS IN 2025, THE FOUNDATIONS OPERATIONS & MANAGEMENT REPORT (FOMR) OFFERS KEY INSIGHTS INTO THE LATEST TRENDS, BENCHMARKS, AND BEST PRACTICES SHAPING LEAN PHILANTHROPY.

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $799,084
Program Service Revenue $2,245,027
Investment Income $120,218
Other Revenue $102,758
TOTAL REVENUE $3,267,087

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,992,896
Fundraising Expenses $450,686
Program Expenses $2,509,993
Other Expenses $1,350,769
TOTAL EXPENSES $3,343,665

Year-over-Year Comparison

2025 2024 Change
Revenue $3,267,087 $3,730,408 -0.1%
Expenses $3,343,665 $3,903,813 -0.1%
Net Income $-76,578 $-173,405 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
15
Independent Members
15
Employees
19
Volunteers
60

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
8
$350,724
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NINA COHEN CHAIR 6.00
Officer Director
$0 $0 $0
COURTNEY RICE VICE CHAIR 6.00
Officer Director
$0 $0 $0
RICHARD RIBEIRO TREASURER 6.00
Officer Director
$0 $0 $0
DIANA BUCCO TREASURER 6.00
Officer Director
$0 $0 $0
DEBRA MONIZ SECRETARY (UNTIL 11/13/2025) 6.00
Officer Director
$0 $0 $0
HENRY RAEL SECRETARY 6.00
Officer Director
$0 $0 $0
RAHSAAN HARRIS PAST CHAIR 3.00
Officer Director
$0 $0 $0
CAROL GALLO MEMBER 3.00
Director
$0 $0 $0
DR TOYA GRAHAM MEMBER 3.00
Director
$0 $0 $0
TAYLOR GRAY MEMBER (UNTIL 11/13/2025) 3.00
Director
$0 $0 $0
JEREMY GRUNIN MEMBER (FROM 11/12/2025) 3.00
Director
$0 $0 $0
ANGELA HULT MEMBER 3.00
Director
$0 $0 $0
TINA KIMBROUGH MEMBER 3.00
Director
$0 $0 $0
KEAHI MAKAIMOKU MEMBER (FROM 11/12/2025) 3.00
Director
$0 $0 $0
JENNIFER OERTEL MEMBER 3.00
Director
$0 $0 $0
SANDRA SWIRSKI MEMBER 3.00
Director
$0 $0 $0
JENNA WACHTMANN MEMBER 3.00
Director
$0 $0 $0
PAUL D DAUGHERTY CEO 50.00
Officer
$297,424 $53,300 $350,724
ANDY CARROLL SENIOR ADVISOR 40.00
Highest
$111,024 $22,053 $133,077
KELLY STORMER MANAGING DIR, OPERATIONS & PEOPLE 40.00
Highest
$148,500 $6,066 $154,566
KATY MOORE MANAGING DIR, ADVANCEMENT 40.00
Highest
$152,736 $34,674 $187,410
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
2025 $3,267,087 $3,343,665 $3,694,614 $-76,578
2024 $3,730,408 $3,903,813 $3,716,252 $-173,405
2023 $3,470,895 $3,707,406 $4,079,026 $-236,511
2022 $2,648,014 $3,892,723 $5,151,279 $-1,244,709
2021 $5,328,346 $2,927,760 $6,598,836 $2,400,586
2020 $2,774,425 $3,123,092 $4,653,802 $-348,667
2019 $3,133,775 $3,564,176 $4,954,680 $-430,401
2018 $4,053,692 $3,850,946 $4,462,952 $202,746
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