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Nonprofit · EIN 38-4034837

ASSOCIATION OF AFRICAN AMERICAN FINANCIAL ADVISORS

Tax-exempt · WASHINGTON, DC 20036

Financials

$1.6M$2.3M2023$1.6M$1.6M2024$1.9M$2.1M2025
Revenue Expenses · by fiscal year end
Financials of ASSOCIATION OF AFRICAN AMERICAN FINANCIAL ADVISORS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$1,869,520$2,135,292-$265,772$201,024$265,020-$63,996
December 31, 2024990$1,626,776$1,639,985-$13,209$606,862$405,086$201,776
December 31, 2023990 (amended)$1,583,517$2,349,346-$765,829$217,987$25,002$192,985
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$1,869,520
Membership dues
$58,591
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$309,739
Other salaries and wages
$151,096
Salaries, compensation and benefits (total)
$605,707
Professional fundraising fees
$0
Legal fees
$13,983
Accounting fees
$57,927
Occupancy
$7,911
Travel
$60,615
Program services (functional)
$1,480,070
Management and general (functional)
$598,239
Fundraising (functional)
$56,983

Balance sheet and other

Total assets, start of year
$606,862
Total assets, end of year
$201,024
Total liabilities, end of year
$265,020
Net assets, end of year
-$63,996
Gross receipts
$1,869,520
Employees
12
Volunteers
0
Year formed
2017
State of legal domicile
DC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
SHEENA GRAYCHIEF EXECUTIVE OFFICER
Trustee or director, Officer
40$309,739
REGINALD LILLIEBOARD MEMBER
Trustee or director, Officer
4$0
ARAYA MESFINBOARD MEMBER
Trustee or director
4$0
ALEX DAVIDCHAIRMAN
Trustee or director
4$0
SHARIF MUHAMMADBOARD MEMBER
Trustee or director
4$0
LECOUNT DAVISCHAIRMAN EMERITUS
Trustee or director
0$0
DESI WYATTBOARD MEMBER
Trustee or director
4$0
990 for the year ended December 31, 2024: 10 people
NameTitleHours / weekCompensation
SHEENA GRAYCHIEF EXECUTIVE OFFICER
Trustee or director, Officer
40$190,846
REGINALD LILLIEBOARD MEMBER
Trustee or director, Officer
4$0
ARAYA MESFINBOARD MEMBER
Trustee or director
4$0
ALEX DAVIDCHAIRMAN
Trustee or director
4$0
SHARIF MUHAMMADBOARD MEMBER
Trustee or director, Officer
4$0
LECOUNT DAVISCHAIRMAN EMERITUS
Trustee or director
0$0
DESI WYATTBOARD MEMBER
Trustee or director
4$0
CHRISTIAN NWASIKEBOARD MEMBER
Trustee or director
0$0
RICKIE TAYLORBOARD MEMBER
Trustee or director
0$0
DR DANA PALMERBOARD MEMBER
Trustee or director
0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
NECHO CARROLLDIR OF OPER40$123,212
REGINALD LILLIEBoard Member
Trustee or director
4$0
ARAYA MESFINBoard Member
Trustee or director
4$0
SHEENA GRAY2nd V Chair
Trustee or director, Officer
4$0
ALEX DAVIDEmeritus Chair
Trustee or director
0$0
SHARIF MUHAMMADFINANCIAL SECY
Trustee or director, Officer
4$0
CHRISTIAN NWASIKEChairman
Trustee or director, Officer
7$0
RICKIE TAYLOR1st V Chair
Trustee or director, Officer
4$0
DR DANA PALMERSecretary
Trustee or director, Officer
4$0

Address and contacts

Address (IRS master file)
1050 CONNECTICUT AVENUE NW SUITE 50, WASHINGTON, DC 20036-5303
In care of
% LAZETTA BRAXTON
Principal officer (990 for 2025)
SHEENA GRAY, 1050 CONNECTICUT AVE NW, WASHINGTON, DC 20036
Signed the 990
SHEENA GRAY, CHIEF EXECUTIVE OFFICER
Phone
(202) 929-4297
Return prepared by
JMG CPAS TAX AND ADVISORS LLC

Mission

AAAA WAS CREATED TO ADDRESS THE NEEDS AND CONCERNS OF AFRICAN AMERICAN FINANCIAL PROFESSIONALS. AAAA IS A NON-PROFIT MEMBERSHIP ORGANIZATION FOR BLACK OR AFRICAN AMERICAN FIANCIAL ADVISORS AND AFFILIATED PROFESSIONALS. [CONTINUED ON SCHEDULE O]

990 for the year ended December 31, 2025

Program accomplishments

  • AAAA ACCOMPLISHES SUPPORT OF ITS MEMBERSHIP NETWORK AND THE COMMUNITY THROUGH: MONTHLY WEBINARS THAT INCLUDE ELIGIBLILTY OF CFP CONTINUING EDUCATION CREDITS, AND AN ANNUAL SCHOLARSHIP TOWARD EARNING CFP DESIGNATION; REGIONAL NETWORKING EVENTS [MEETUPS] AND AN ANNUAL CONFERENCE; MEMBERSHIP DIRECTORY, ONLINE COMMUNITY FORUM, AND JOB POSTING BOARD; FIRM AND SERVICES SHOWCASE ON THE AAAA CONSUMER FINANCIAL ADVISOR FINDER PORTAL.
    Expenses $1,480,070

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
38-4034837
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
2017
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$201,024
Income (IRS master file)
$1,869,520

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$1,869,520$2,135,292$201,024IRS
990December 2024$1,626,776$1,639,985$606,862XML
990December 2023$1,583,517$2,349,346$217,987XML
990December 2022$1,122,994$689,763$958,958IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-4034837).

Questions about ASSOCIATION OF AFRICAN AMERICAN FINANCIAL ADVISORS

What is the EIN of ASSOCIATION OF AFRICAN AMERICAN FINANCIAL ADVISORS?
The employer identification number (EIN) of ASSOCIATION OF AFRICAN AMERICAN FINANCIAL ADVISORS is 38-4034837.
Is ASSOCIATION OF AFRICAN AMERICAN FINANCIAL ADVISORS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2017.
Are donations to ASSOCIATION OF AFRICAN AMERICAN FINANCIAL ADVISORS tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does ASSOCIATION OF AFRICAN AMERICAN FINANCIAL ADVISORS file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ASSOCIATION OF AFRICAN AMERICAN FINANCIAL ADVISORS due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ASSOCIATION OF AFRICAN AMERICAN FINANCIAL ADVISORS last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of ASSOCIATION OF AFRICAN AMERICAN FINANCIAL ADVISORS?
The 990 for the year ended December 31, 2025 names SHEENA GRAY.
Who are the officers and directors of ASSOCIATION OF AFRICAN AMERICAN FINANCIAL ADVISORS?
The 990 for the year ended December 31, 2025 lists 7 people; 1 received compensation from the organization, the highest $309,739 (SHEENA GRAY, CHIEF EXECUTIVE OFFICER).
How much revenue does ASSOCIATION OF AFRICAN AMERICAN FINANCIAL ADVISORS have?
On its 990 for the year ended December 31, 2025 it reported revenue of $1,869,520, expenses of $2,135,292 and total assets of $201,024 at year end.

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