American Federation For Children Growth Fund Inc
- Assets
- $9.3m
- Revenue
- $14.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, MD
- Founding
- 03/1999
- Data as of
- 12/2021
- EIN
- 52-2111508
Organization Overview
American Federation For Children Growth Fund Inc, operating under the name Afc Growth Fund, is located in Columbia, MD. The organization was established in 1999. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Afc Growth Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Afc Growth Fund generated $14.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $8.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Afc Growth Fund has awarded 118 individual grants totaling $25,161,072. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
A COMMUNITY OF PEOPLE PROMOTING EDUCATIONAL CHOICE AND INNOVATION, WITH A SPECIFIC FOCUS ON SCHOOL VOUCHERS, SCHOLARSHIP TAX CREDIT PROGRAMS AND EDUCATIONAL SAVINGS ACCOUNTS. WE ARE COMMITTED TO BREAKING DOWN BARRIERS TO EDUCATIONAL CHOICE TO HELP CHILDREN, ESPECIALLY LOWER-INCOME CHILDREN, ACCESS THE QUALITY EDUCATION NECESSARY TO REACH THEIR FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT STATE SUPPORT: DIRECT GRANTS MADE TO NON-PROFIT ORGANIZATIONS, CONTRACTS WITH CONSULTANTS AND DIRECT EXPENSES INCURRED WITHIN SELECT STATES THROUGHOUT THE COUNTRY TO SUPPORT EFFORTS TO DEVELOP, GROW, AND IMPLEMENT SCHOOL CHOICE PROGRAMS INCLUDING MARKET AND ADVERTISING PROGRAMS PROMOTING EDUCATIONAL CHOICE PROGRAMS BY TARGETING ELIGIBLE FAMILIES TO RAISE AWARENESS OF AND INCREASE PARTICIPATION IN EXISTING PRIVATE SCHOOL CHOICE PROGRAMS AVAILABLE TO THE FAMILIES IN THEIR RESPECTIVE STATES.
COMMUNICATIONS: DEVELOP AND DISTRIBUTE RESEARCH AND POLICY MATERIAL TO EDUCATE POLICYMAKERS, STATE AND LOCAL LEADERS, MEDIA AND GENERAL PUBLIC ABOUT THE NEED FOR, AND SUCCESS OF, SCHOOL CHOICE; DEVELOP AND MOBILIZE AT THE GRASSROOTS LEVEL SUPPORT FOR SCHOOL CHOICE; CONDUCT PRINT, BROADCAST, DIGITAL, AND SOCIAL MEDIA ACTIVITIES TO PROMOTE SCHOOL CHOICE AROUND THE COUNTRY.
CONFERENCES: CONDUCT OR PARTICIPATE IN TRAINING SEMINARS, CONFERENCES, AND SMALL DONOR EVENTS FOR SCHOLARS AND ACTIVISTS TO DEVELOP STRATEGIES FOR ADVANCING AND PROMOTING SCHOOL CHOICE AROUND THE COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Schilling President(thru 05/31/21) | Officer | 16.3 | $57,750 |
John Kirtley Vice-Chair | OfficerTrustee | 1 | $0 |
William E Oberndorf Chairman | OfficerTrustee | 2 | $0 |
Kathy Hubbard Secretary | OfficerTrustee | 1 | $0 |
Thomas Schultz Chief Executive Officer | Officer | 18.7 | $0 |
Gregory Brock CEO (thru 03/31/21) | Officer | 9.4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fluent Llc Digital Ads | 12/30/20 | $506,570 |
Midwest Communications Group Direct Mail | 12/30/20 | $236,715 |
Michael Benjamin Consulting | 12/30/20 | $121,000 |
Awareness Analytical Partners Llc Digital Marketing Ads | 12/30/20 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,302,299 |
| Noncash contributions included in lines 1a–1f | $402,626 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,302,299 |
| Total Program Service Revenue | $18,500 |
| Investment income | $1,461 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,325,717 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,531,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $154,100 |
| Fees for services: Accounting | $25,205 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,073,076 |
| Advertising and promotion | $0 |
| Office expenses | $62,951 |
| Information technology | $65,769 |
| Royalties | $0 |
| Occupancy | $116,525 |
| Travel | $188,375 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $368,765 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,258 |
| All other expenses | $57,309 |
| Total functional expenses | $8,813,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,204,389 |
| Savings and temporary cash investments | $5,696,437 |
| Pledges and grants receivable | $1,303,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $61,462 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,265,288 |
| Accounts payable and accrued expenses | $152,933 |
| Grants payable | $115,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $285,571 |
| Total liabilities | $553,504 |
| Net assets without donor restrictions | $6,550,130 |
| Net assets with donor restrictions | $2,161,654 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,265,288 |
Grants Awarded
Over the last fiscal year, American Federation For Children Growth Fund Inc has awarded $2,506,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Columbus, OH PURPOSE: EDUCATIONAL CHOICE EFFORTS IN OH | $878,500 |
Raleigh, NC PURPOSE: EDUCATIONAL CHOICE EFFORTS IN NC | $635,000 |
Indianapolis, IN PURPOSE: EDUCATIONAL CHOICE EFFORTS IN IN | $405,000 |
Brookfield, WI PURPOSE: EDUCATIONAL CHOICE EFFORTS IN WI | $350,000 |
Frankfort, KY PURPOSE: EDUCATIONAL CHOICE EFFORTS IN KY | $123,000 |
Columbia, SC PURPOSE: EDUCATIONAL CHOICE EFFORTS IN SC | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that American Federation For Children Growth Fund Inc has recieved totaling $2,277,206.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $565,600 |
Donors Trust Inc Alexandria, VA PURPOSE: for general operations | $503,500 |
Dick And Betsy Devos Family Foundation Grand Rapids, MI PURPOSE: GENERAL OPERATING | $500,000 |
Santa Barbara Foundation Santa Barbara, CA PURPOSE: EDUCATIONAL INSTITUTIONS | $203,000 |
The Philanthropy Roundtable Inc Washington, DC PURPOSE: SIMON-DEVOS PRIZE | $100,000 |
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: FOR UNRESTRICTED USE | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Achieving The Dream Inc Silver Spring, MD | $48,979,373 | $23,156,070 |
Camc Health Education And Research Institute Inc Charleston, WV | $10,132,150 | $15,955,209 |
Us Ignite Inc Washington, DC | $5,718,790 | $15,311,234 |
Washington Yu Ying Public Charter School Washington, DC | $27,086,728 | $12,170,772 |
National Association For College Admission Counseling Inc Arlington, VA | $22,607,858 | $9,863,408 |
Families For Excellent Schools Inc Wilmington, DE | $10,176 | $5,945,808 |
National Alliance For Public Charter Schools Washington, DC | $20,433,842 | $17,753,309 |
Ecumenical Community Hershey, PA | $4,358,759 | $9,348,993 |
American Federation For Children Growth Fund Inc Columbia, MD | $9,265,288 | $14,325,717 |
Mcelhattan Foundation Pittsburgh, PA | $120,280,311 | $4,922,440 |
Mid-Atlantic Region Commission On Higher Education Wilmington, DE | $17,355,711 | $12,036,917 |
A Wider Circle Inc Silvers Spring, MD | $9,165,754 | $9,301,796 |