2025-07-08T17:15:36-05:00 2024-12-31 521711839 COUNCILOR BUCHANAN & MITCHELL PC 7910 WOODMONT AVE STE 500 BETHESDA MD 20814 990 2024-01-01 650617866 ASSOCIATION OF SMALL FOUNDATIONS ASSO 2025806560 PO BOX 65607 WASHINGTON DC 200355607 PAUL D DAUGHERTY CEO 2025806560 2025-07-03 1 1 JOSEPH J BARRECA P00310073 3019860600 2025-07-03 2024 2025-03-06 01:10:19Z EXPONENT PHILANTHROPY PAUL D DAUGHERTY PO BOX 65607 WASHINGTON DC 200355607 3730408 0 X WWW.EXPONENTPHILANTHROPY.ORG X 1995 DE EDUCATE, EQUIP, AND CONNECT LEAN FUNDERS THROUGH A NATIONWIDE PEER COMMUNITY. 15 15 17 60 9500 0 955851 1095644 2181032 2333790 146933 154299 187079 146675 3470895 3730408 0 0 0 0 1918899 2045524 0 0 702329 1788507 1858289 3707406 3903813 -236511 -173405 4079026 3716252 934203 951533 3144823 2764719 X 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. 0 0 2046907 PROGRAMS: FOSTER LEARNING, COLLABORATION, AND KNOWLEDGE SHARING TO DEEPEN MEMBER EXPERTISE AND PROFESSIONAL DEVELOPMENT. IN 2024, WE ENGAGED 1,664 PROFESSIONALS ACROSS 23 WEBINARS, PEER CIRCLES, ROUNDTABLES, AND COHORT PROGRAMS FOCUSED ON CATALYTIC LEADERSHIP IN PHILANTHROPY, RACIAL EQUITY, DISABILITY INCLUSION AND NEXT-GENERATION READINESSTAILORED FOR THE LEAN FUNDING COMMUNITY. 590599 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 2024, THE CONFERENCE CONVENED ALMOST 600 PARTICIPANTS IN AUSTIN, TX. 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. 134487 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 1200 DOWNLOADS IN 2024, THE FOUNDATIONS OPERATIONS & MANAGEMENT REPORT (FOMR) OFFERS KEY INSIGHTS INTO THE LATEST TRENDS, BENCHMARKS, AND BEST PRACTICES SHAPING LEAN PHILANTHROPY. 2771993 1 1 0 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 24 0 17 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AK AR CA CO DC FL GA HI KY ME MA MI MN MS NV NH NJ NM NY NC ND OH OK OR RI SC UT WA WV WI KS MD PA TN VA X X THE ASSOCIATION 2025806560 PO BOX 65607 WASHINGTON DC 200355607 X NINA COHEN CHAIR 6.00 X X 0 0 0 COURTNEY RICE VICE CHAIR 6.00 X X 0 0 0 RICHARD RIBEIRO TREASURER 6.00 X X 0 0 0 DEBRA MONIZ SECRETARY 6.00 X X 0 0 0 RAHSAAN HARRIS MEMBER, PAST CHAIR 3.00 X X 0 0 0 CAROL GALLO MEMBER 3.00 X 0 0 0 DIANA BUCCO MEMBER 3.00 X 0 0 0 TOYA GRAHAM MEMBER 3.00 X 0 0 0 TAYLOR GRAY MEMBER 3.00 X 0 0 0 ANGELA HULT MEMBER 3.00 X 0 0 0 JENNIFER OERTEL MEMBER 3.00 X 0 0 0 SANDRA SWIRSKI MEMBER 3.00 X 0 0 0 JENNA WACHTMANN MEMBER 3.00 X 0 0 0 TINA KIMBROUGH MEMBER (FROM 11/13/24) 3.00 X 0 0 0 HENRY RAEL MEMBER (FROM 11/13/24) 3.00 X 0 0 0 PAUL D DAUGHERTY CEO 50.00 X 296980 0 40651 ANDY CARROLL SENIOR ADVISOR 40.00 X 102322 0 26837 SERENITY GREENFIELD SENIOR DIRECTOR, RRR 40.00 X 125370 0 20149 LAUREN KOTKIN SENIOR DIRECTOR, EDUCATION 40.00 X 135717 0 22603 KATY MOORE MANAGING DIRECTOR, ADVANCEMENT 40.00 X 132775 0 17971 793164 0 128211 5 0 1 0 0 1095644 1095644 MEMBERSHIP DUES 900099 1279404 1279404 REGISTRATION FEES 900099 790322 790322 SUSTAINING PARTNER FEES 900099 212519 212519 PUBLICATION SALES 900099 42045 42045 ADVERTISING 541800 9500 9500 2333790 154299 154299 92738 92738 38027 0 38027 38027 38027 OTHER REVENUE 900099 15910 15910 15910 3730408 2340200 9500 285064 X 337631 118171 84408 135052 1370184 1010737 98055 261392 54324 41230 3355 9739 150003 108337 11800 29866 133382 89180 13785 30417 10888 10888 144926 144926 571504 454490 13063 103951 144403 81695 9134 53574 14695 9887 236 4572 280478 205116 30853 44509 50186 45192 1908 3086 562974 556421 1359 5194 14698 11874 1156 1668 DUES AND PUBLICATIONS 35194 20297 1715 13182 TEMPORARY HELP 25482 17037 2634 5811 MISCELLANEOUS 2861 2329 216 316 3903813 2771993 429491 702329 136142 44281 297815 263817 264265 393972 131427 100956 60835 63131 146719 146719 0 0 2976948 2850095 211594 0 4079026 3716252 58927 76503 875276 875030 934203 951533 X 2521754 2250765 623069 513954 3144823 2764719 4079026 3716252 -173405 541 -207240 0 X X 0 1 X 1 0 X 889906 3395476 438059 955851 1095644 6774936 1580322 1704177 1976744 2134601 2324290 9720134 2470228 5099653 2414803 3090452 3419934 16495070 200000 50000 191668 116667 558335 0 200000 50000 191668 116667 558335 15936735 304197 228202 226520 325408 285064 1369391 304197 228202 226520 325408 285064 1369391 5205 4500 9500 19205 1486 8604 15910 26000 2774425 5327855 2648014 3428964 3730408 17909666 0.88980 0.88620 0.07650 0.08300 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2022 AMOUNT: $ 1,486. 2023 AMOUNT: $ 8,604. 2024 AMOUNT: $ 15,910. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3903813 3903813 345191 86298 0 0 296388 344636 335588 345191 1321803 1982705 74097 86159 83897 86298 330451 495677 146719 146719 0 0 CERTIFICATES OF DEPOSIT 2850095 F 2850095 X 3730949 541 541 3730408 0 3730408 4111053 207240 207240 3903813 0 3903813 PART X, LINE 2: THE ORGANIZATION REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE-LIKELY-THAN-NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE, OR REFLECT, ANY UNCERTAIN TAX POSITIONS. THE ORGANIZATION'S IRS FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS SUBJECT TO EXAMINATION BY TAXING AUTHORITIES GENERALLY FOR THREE YEARS AFTER FILING. X X X X X 0 0 0 0 0 0 0 1 0 PAUL D DAUGHERTY CEO 296980 0 0 0 0 0 15405 0 25246 0 337631 0 0 0 LAUREN KOTKIN SENIOR DIRECTOR, EDUCATION 135717 0 0 0 0 0 5132 0 17471 0 158320 0 0 0 KATY MOORE MANAGING DIRECTOR, ADVANCEMENT 130775 0 2000 0 0 0 0 0 17971 0 150746 0 0 0 PART I, LINE 7 KATY MOORE (MANAGING DIRECTOR, ADVANCEMENT) RECEIVED BONUS BASED ON EXTRA DUTIES NOT RELATED TO FUNDRAISING. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION'S MISSION: EXPONENT PHILANTHROPY EDUCATES, EQUIPS, AND CONNECTS LEAN FUNDERS TO BECOME INCREASINGLY KNOWLEDGEABLE AND EFFECTIVE THROUGH RESEARCH THAT INFORMS OUR EDUCATION PROGRAMS AND A RICH LIBRARY OF PUBLICATIONS, TOOLS, AND RESOURCES. THESE INCLUDE, BUT NOT LIMITED TO: THE INDUSTRY-STANDARD, ANNUAL FOUNDATION OPERATIONS AND MANAGEMENT REPORT, FOUNDATION GUIDEBOOK, TRUSTEE HANDBOOK, ADVOCACY FIELD GUIDE, DIGITAL REPORTS, ASSESSMENTS, ANNUAL CONFERENCE, WEBINARS, COHORT PROGRAMS AND Q&A SERVICE. OUR MEMBERS ARE THE AUTHORITIES IN EVERY ASPECT OF WHAT IT MEANS TO PRACTICE LEAN PHILANTHROPY, SO BEYOND BRINGING THEM INFORMATION, CONNECTING THEM WITH EACH OTHER IS PARAMOUNT TO OUR MISSION. WE INTENTIONALLY PROVIDE OPPORTUNITIES TO FOSTER MEANINGFUL CONNECTIONS THROUGHOUT THE YEAR VIA VIRTUAL AND IN-PERSON EXPERIENCES. THESE INCLUDE: VIRTUAL ROUNDTABLES AND DINE-AROUNDS, PEER COACHING, LEADERSHIP COHORTS, THE ANNUAL CONFERENCE, VOLUNTEER COMMITTEES, THE ONLINE MEMBER DIRECTORY AND DISCUSSION COMMUNITIES. THIS IS ACCOMPLISHED BY AMPLIFYING THE VOICES AND EXPERIENCES OF OUR MEMBERS THROUGH BLOGS, PODCASTS, PROGRAMS, AND OUR AWARDS PROGRAM. IN 2024, EXPONENT PHILANTHROPY REFRESHED THE STRATEGIC PLAN WHICH NOW EXTENDS FROM 2024-2027. IT ALSO INCLUDED THE FOLLOWING ACCOMPLISHMENTS: - NEARLY 3,100 RESOURCES, SAMPLE DOCUMENTS, AND TOOLKITS DOWNLOADED OR PURCHASED - 1664 ATTENDEES ACROSS 23 VIRTUAL EDUCATION PROGRAMS ON CATALYTIC LEADERSHIP IN PHILANTHROPY, BECOMING A BETTER ALLY, NEXTGEN PROGRAMMING, ADVOCACY, WEBINARS AND MORE; - A SUCCESSFUL ANNUAL CONFERENCE IN AUSTIN, TEXAS WITH 600 PARTICIPANTS; - RELEASE OF OUR 2024 FOUNDATION OPERATIONS & MANAGEMENT REPORT WITH OVER 1,200 DOWNLOADS/PURCHASES; - NEARLY 400 POSTS TO THE MEMBER DISCUSSION COMMUNITY; - REACHED OVER 8,000 TOTAL DOWNLOADS/LISTENS TO THE CATALYTIC PHILANTHROPY PODCAST FEATURING CATALYTIC LEAN FUNDERS; - THE LAUNCH OF RESEARCH REPORTS HIGHLIGHTING RACIAL EQUITY IN LEAN PHILANTHROPY, HOW FUNDERS THINK GRANTEES CAN IMPROVE AND UPDATED THE FOUNDATION GUIDEBOOK AND FILING THE 990-PF; - THE CURATION OF 51 BLOG POSTS WITH OVER 30,000 ACTIVE USERS. FORM 990, PART VI, SECTION A, LINE 4 THE ASSOCIATION UPDATED THEIR BY-LAWS IN 2024 RESULTING IN: INCREASING THE NUMBER OF BOARD MEMBERS FROM 15 TO 17. DIRECTORS NEED TO BE PAYING ASF MEMBERS IN FULL MOVING FORWARD. IMMEDIATE PAST CHAIR POSITION WAS CREATED, VICE-CHAIR IS CLEARLY DESIGNATED AS CHAIR-ELECT. ADDED AUDIT AND FINANCE COMMITTEES AS STANDING COMMITTEES. PUTTING ONUS ON GOVERNANCE COMMITTEE TO CREATE COMMITTEE CHARTERS. FORM 990, PART VI, SECTION A, LINE 6 ALL MEMBERS HAVE VOTING RIGHTS, WITH EACH ORGANIZATIONAL OR INDIVIDUAL MEMBER HAVING ONE VOTE. THE GOVERNING BODY, THE BOARD OF DIRECTORS, IS ELECTED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS HAVE VOTING RIGHTS, WITH EACH ORGANIZATIONAL OR INDIVIDUAL MEMBER HAVING ONE VOTE. THE GOVERNING BODY IS ELECTED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B MEMBERS OF THE ASSOCIATION'S STAFF AND BOARD REVIEW THE FORM 990, PRIOR TO FILING, CAREFULLY TO ENSURE ITS COMPLETENESS AND ACCURACY. FORM 990, PART VI, SECTION B, LINE 12C ASSOCIATION STAFF AND BOARD MEMBERS ARE REQUIRED ANNUALLY TO READ THE CONFLICT OF INTEREST POLICY AND AFFIRM THEIR COMPLIANCE IN WRITING. MATTERS OF CONFLICT ARE ADDRESSED INDIVIDUALLY BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE, WHICH IS ALSO THE COMPENSATION COMMITTEE, REVIEWS COMPENSATION DATA ON A YEARLY BASIS AND ESTABLISHES THE CEO'S CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 WE POST OUR FINANCIAL STATEMENTS, 990 FORMS, 1023 FORM AND IRS DETERMINATION LETTER ON OUR WEBSITE, FREELY AVAILABLE FOR DOWNLOADING. FORM 990, PART VII, SECTION A, LINE 1A: THE ASSOCIATION USES A PROFESSIONAL EMPLOYMENT ORGANIZATION (PEO), INSPERITY, TO MANAGE ALL STAFF PAYROLL AND BENEFITS. FOR FULL TRANSPARENCY, EMPLOYEES PAID BY THE PEO, FOR WORK AT THE ASSOCIATION, HAVE BEEN INCLUDED IN FORM 990, PART VII, SECTION A, LINE 1A WITH ALL REPORTABLE COMPENSATION AND OTHER COMPENSATION IN THE APPROPRIATE COLUMNS. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 435,350. MANAGEMENT AND GENERAL EXPENSES 13,034. FUNDRAISING EXPENSES 100,577. TOTAL EXPENSES 548,961. DESIGN: PROGRAM SERVICE EXPENSES 19,140. MANAGEMENT AND GENERAL EXPENSES 29. FUNDRAISING EXPENSES 3,374. TOTAL EXPENSES 22,543. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE OF THE BOARD ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.