Nonprofit · EIN 87-2465999
AFF FOUNDATION
Tax-exempt · ARLINGTON, VA 22201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,144,747 | $4,557,753 | -$413,006 | $4,882,188 | $797,238 | $4,084,950 |
| December 31, 2023 | 990 | $7,655,249 | $7,141,931 | $513,318 | $6,107,701 | $1,586,460 | $4,521,241 |
| December 31, 2022 | 990 (amended) | $9,436,535 | $5,421,380 | $4,015,155 | $4,789,348 | $781,425 | $4,007,923 |
| December 31, 2021 | 990 (amended) | $206,139 | $213,371 | -$7,232 | $193,304 | $200,536 | -$7,232 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,244,543
- Program service revenue
- $1,542,134
- Investment income
- $36,355
- Other revenue
- $321,715
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $170,240
- Other salaries and wages
- $1,786,658
- Salaries, compensation and benefits (total)
- $2,367,997
- Professional fundraising fees
- $0
- Legal fees
- $489,979
- Accounting fees
- $142,602
- Occupancy
- $81,881
- Travel
- $220,127
- Depreciation
- $19,208
- Program services (functional)
- $2,706,071
- Management and general (functional)
- $1,744,707
- Fundraising (functional)
- $106,975
Balance sheet and other
- Total assets, start of year
- $6,107,701
- Total assets, end of year
- $4,882,188
- Total liabilities, end of year
- $797,238
- Net assets, end of year
- $4,084,950
- Land, buildings and equipment
- $17,049
- Net assets without donor restrictions
- $2,370,523
- Net assets with donor restrictions
- $1,714,427
- Gross receipts
- $4,144,747
- Employees
- 19
- Volunteers
- 1
- Year formed
- 2021
- State of legal domicile
- DE
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| FARAN NOURI | GENERAL PARTNER Highest-paid employee | 40 | $296,566 | $0 | $43,196 |
| ZACHARY BEECHER | HEAD OF STRATEGIC PARTNERS Highest-paid employee | 40 | $200,336 | $0 | $27,178 |
| ALEXANDER EL-FAKIR | HEAD OF OPERATIONS Highest-paid employee | 40 | $173,034 | $0 | $48,766 |
| MICHAEL TAXAY | GENERAL COUNSEL Highest-paid employee | 40 | $201,108 | $0 | $13,640 |
| KEVIN MCGINNIS | SPECIAL ADVISOR Highest-paid employee | 40 | $200,378 | $0 | $13,640 |
| JORDAN BLASHEK | PRESIDENT & CHIEF OPERATIN Officer | 30 | $82,031 | $45,833 | $28,210 |
| GILMAN LOUIE | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 30 | $29,121 | $25,067 | $3,640 |
| MARIANNE WINKLER | CFO AND TREASURER Trustee or director, Officer | 10 | $0 | $12,533 | $697 |
| J MICHAEL MCQUADE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOANNE ISHAM | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JENNIFER PAHLKA | DIRECTOR & VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| NICK BEIM THRU 102024 | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SAM PALMISANO | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RICHARD KANG | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LESLIE A BRUN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIGNON CLYBURN | DIRECTOR Trustee or director | 1 | $0 |
| CLIFF SOBEL | DIRECTOR Trustee or director | 1 | $0 |
| JOHN HURLEY | DIRECTOR Trustee or director | 1 | $0 |
| SUZANNE NORA JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| ERIC BRAVERMAN | DIRECTOR Trustee or director | 1 | $0 |
| RYAN NOLAN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOSHUA CONWAY | SENIOR VICE PRESIDENT OF SCIENCE AND TECHNOLOGY Highest-paid employee | 40 | $195,927 | $43,458 |
| ZACH BEECHER | HEAD OF STRATEGIC PARTNERS Highest-paid employee | 40 | $210,119 | $27,013 |
| FARAN NOURI | GENERAL PARTNER Highest-paid employee | 40 | $190,164 | $27,798 |
| KEVIN MCGINNIS | SPECIAL ADVISOR Highest-paid employee | 40 | $200,477 | $13,704 |
| MUHAMMED ASIF BHATTI | PRINCIPAL Highest-paid employee | 40 | $175,547 | $35,505 |
| JORDAN BLASHEK | PRESIDENT & CHIEF OPERATIN Officer | 40 | $165,522 | $31,383 |
| THE HON GILMAN LOUIE | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 40 | $47,278 | $38,718 |
| JOANNE ISHAM | DIRECTOR AND SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JENNIFER PAHLKA | DIRECTOR AND VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SAM PALMISANO | DIRECTOR AND CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| NICK BEIM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC BRAVERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LESLIE BRUN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIGNON CLYBURN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THE HON MICHELE FLOURNOY | DIRECTOR (THRU 4/2023) Trustee or director | 1 | $0 | $0 |
| JOHN HURLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUZANNE NORA JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD KANG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LT GEN HR MCMASTER RET | DIRECTOR (THRU 12/2023) Trustee or director | 1 | $0 | $0 |
| DR J MICHAEL MCQUADE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CLIFF SOBEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2022: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR EDLYN LEVINE | CHIEF SCIENCE OFFICER Highest-paid employee | 40 | $232,839 | $26,603 |
| JORDAN BLASHEK | PRESIDENT & CHIEF OPERATING OFFICER Officer | 40 | $209,545 | $24,012 |
| ZACH BEECHER | HEAD OF STRATEGIC PARTNERSHIPS Highest-paid employee | 40 | $197,113 | $23,580 |
| KEVIN MCGINNIS | SPECIAL ADVISOR Highest-paid employee | 40 | $200,974 | $13,080 |
| MUHAMMED ASIF BHATTI | PRINCIPAL Highest-paid employee | 40 | $162,759 | $30,932 |
| MATTHEW DUNNE | STAFF COUNSEL Highest-paid employee | 40 | $141,773 | $32,319 |
| THE HON GILMAN LOUIE | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 40 | $45,310 | $36,825 |
| JOANNE ISHAM | DIRECTOR AND SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JENNIFER PAHLKA | DIRECTOR AND VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SAM PALMISANO | DIRECTOR AND CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| NICK BEIM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC BRAVERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LESLIE BRUN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ASHTON B CARTER | DIRECTOR (THRU 10/2022) Trustee or director | 1 | $0 | $0 |
| MIGNON CLYBURN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THE HON MICHELE FLOURNOY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN HURLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUZANNE NORA JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD KANG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LT GEN HR MCMASTER RET | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR J MICHAEL MCQUADE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CLIFF SOBEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BOB WORK | DIRECTOR (THRU 2022) Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2021: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THE HON GILMAN LOUIE | CEO Trustee or director, Officer | 40 | $0 |
| FRMR SECRETARY ASHTON B CART | DIRECTOR Trustee or director | 1 | $0 |
| THE HON MICHELE FLOURNOY | DIRECTOR Trustee or director | 1 | $0 |
| JOANNE ISHAM | DIRECTOR AND SECRETARY Trustee or director, Officer | 1 | $0 |
| LT GEN HR MCMASTER RET | DIRECTOR Trustee or director | 1 | $0 |
| DR J MICHAEL MCQUADE | DIRECTOR Trustee or director | 1 | $0 |
| JENNIFER PAHLKA | DIRECTOR Trustee or director | 1 | $0 |
| NICK BEIM | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD KANG | DIRECTOR Trustee or director | 1 | $0 |
| SAM PALMISANO | DIRECTOR Trustee or director | 1 | $0 |
| BOB WORK | DIRECTOR Trustee or director | 1 | $0 |
| JORDAN BLASHEK | COO, PRESIDENT, AND TREASURER Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 3101 WILSON BLVD STE 500, ARLINGTON, VA 22201-4466
- Principal officer (990 for 2024)
- GILMAN LOUIE, 3033 WILSON BLVD STE 700, ARLINGTON, VA 22201
- Signed the 990
- GILMAN LOUIE, PRESIDENT
- Phone
- (301) 818-1027
- Website
- WWW.AMERICASFRONTIER.COM
- Return prepared by
- EISNER ADVISORY GROUP LLC
Mission
AMERICA'S FRONTIER FUND WAS CREATED AS A MISSION-DRIVEN PLATFORM TO ENSURE AMERICA IS THE BEST PLACE FOR INNOVATORS TO REACH FOR NEW FRONTIERS.
Program accomplishments
- IN 2024, AFF FOUNDATION (AFF) FOCUSED ITS ACTIVITIES ON (1) "NEW FRONTIERS" - BUILDING REGIONAL INNOVATION ECOSYSTEMS ACROSS THE UNITED STATES THROUGH POLICY IMPLEMENTATION SUPPORT, INNOVATION STRATEGY CONSULTING, UPSKILLING AND WORKFORCE DEVELOPMENT ACTIVITIES, RESEARCH, AND THOUGHT LEADERSHIP; (2) "GLOBAL FRONTIERS" - SUPPORTING THE TECH DIPLOMACY EFFORTS OF THE U.S. GOVERNMENT BY FOSTERING INTERNATIONAL RELATIONSHIPS THROUGH THE QUAD INVESTORS NETWORK WHICH INCLUDES REPRESENTATIVES FROM INDIA, JAPAN, AUSTRALIA, AND THE UNITED STATES, AND SOLVING CHALLENGES THAT DISPROPORTIONATELY AFFECT THE GLOBAL SOUTH VIA THE PARTNERSHIP FOR DIGITAL ACCESS IN AFRICA (PDAA); AND (3) "ENDLESS FRONTIERS" - CONVENING EVENTS, (CONTINUED SCHEDULE O) (CONTINUED FROM PART III) COMPETITIONS, MEDIA ACTIVITIES, AND OTHER INITIATIVES THAT PROMOTE COLLABORATION BETWEEN INDUSTRY EXECUTIVES, POLICYMAKERS, SCIENTISTS, FUNDERS, AND INVESTORS FOCUSED ON THE INTERSECTION OF FRONTIER TECHNOLOGY AND THE NATIONAL INTEREST.Expenses $2,706,071 · revenue $1,863,849
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-2465999
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q99)
- Assets (IRS master file)
- $4,882,188
- Income (IRS master file)
- $4,144,747
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,144,747 | $4,557,753 | $4,882,188 | XML |
| 990 | December 2023 | $7,655,249 | $7,141,931 | $6,107,701 | XML |
| 990 | December 2022 | $9,436,535 | $5,421,380 | $4,789,348 | XML |
| 990 | December 2021 | $206,139 | $213,371 | $193,304 | XML |
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 87-2465999).
Questions about AFF FOUNDATION
- What is the EIN of AFF FOUNDATION?
- The employer identification number (EIN) of AFF FOUNDATION is 87-2465999.
- Is AFF FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to AFF FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AFF FOUNDATION 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 AFF FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AFF FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AFF FOUNDATION?
- The 990 for the year ended December 31, 2024 names GILMAN LOUIE.
- Who are the officers and directors of AFF FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 21 people; 7 received compensation from the organization, the highest $296,566 (FARAN NOURI, GENERAL PARTNER).
- How much revenue does AFF FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,144,747, expenses of $4,557,753 and total assets of $4,882,188 at year end.
Other nonprofits in ARLINGTON
- INTERNATIONAL JUSTICE MISSION EIN 54-1722887 · last filed 990 for 2025
- TECHNOSERVE INC EIN 13-2626135 · last filed 990 for 2024
- MIDDLE EAST BROADCASTING NETWORKS INC EIN 42-1591205 · last filed 990 for 2025
- AMERICAN INSTITUTE IN TAIWAN EIN 62-1049974 · last filed 990 for 2025
- BLUMONT GLOBAL DEVELOPMENT INC EIN 81-0925158 · last filed 990 for 2024
- ASHOKA EIN 51-0255908 · last filed 990 for 2025
- NATIONAL DEFENSE INDUSTRIAL ASSOCIATION EIN 53-0196547 · last filed 990 for 2025
- SPIRIT OF AMERICA WORLDWIDE EIN 20-1687786 · last filed 990 for 2024
All nonprofits in ARLINGTON · Virginia · International, foreign affairs and national security