Americans for Financial Reform
- Assets
- $2.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- Data as of
- 12/2023
- EIN
- 82-2543434
Organization Overview
Americans for Financial Reform is located in Washington, DC. Americans for Financial Reform is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Americans for Financial Reform generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Americans for Financial Reform has awarded 15 individual grants totaling $182,850. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO LAY THE FOUNDATION FOR A STRONG, STABLE, AND ETHICAL FINANCIAL SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEGISLATIVE ADVOCACY TO ADVANCE CONSUMER FINANCIAL PROTECTION AND A MORE JUST AND ACCOUNTABLE FINANCIAL SYSTEM. WE ORGANIZE ADVOCACY CAMPAIGNS TO ADVANCE OR OPPOSE LEGISLATION ON A BROAD SCOPE OF FINANCE AND FINANCIAL MARKETS RELATED ISSUES, FROM HIGH COST LENDING ABUSES, TO INVESTOR PROTECTIONS, TO CAPITAL MARKETS, TO PRIVATE FUNDS AND MORE WITH THE GOALS OF MAKING LENDING AND FINANCIAL MARKETS SAFER AND FAIRER FOR THE PUBLIC, AND BETTER SUPPORTING A MORE EQUITABLE, STABLE, AND SUSTAINABLE ECONOMY. BUILDING AND MOBILIZING A ROBUST COALITION TO SUPPORT FINANCIAL REFORM AND REGULATION: WE BRING TOGETHER A NONPARTISAN NONPROFIT COALITION INCLUDING CIVIL RIGHTS, CONSUMER, LABOR, INVESTOR, SMALL BUSINESS, AND CIVIC AND COMMUNITY-BASED ORGANIZATIONS. WE BUILD CONNECTIONS AMONG DISPARATE GROUPS; PUT TOGETHER AND NURTURE AN INFRASTRUCTURE TO DEVELOP AND SHARE INFORMATION, INSIGHTS, TOOLS, TACTICS, AND STRATEGIES; AND PROVIDE STRATEGIC ANALYSIS, MATERIALS, RESEARCH AND OTHER TOOLS SO THAT TOGETHER WE CAN DEVELOP AND ADVANCE ECONOMIC AND RACIAL JUSTICE PRIORITIES TO REFORM THE FINANCIAL SYSTEM. POLICY ANALYSIS AND DEVELOPMENT: WE ANALYZE LEGISLATION AND POLICY PROPOSALS IN THE FINANCIAL SPACE INCLUDING IN THE AREAS OF CONSUMER FINANCIAL PROTECTION, INVESTOR PROTECTION, FINANCIAL STABILITY / SYSTEMIC RISK, NON-BANK FINANCIAL ACTORS, STUDENT LENDING, TAXES, AND OTHER POLICIES AS THEY AFFECT WALL STREET, FROM A PUBLIC INTEREST PERSPECTIVE. WE EXPLAIN AND SUPPORT OR OPPOSE PROPOSALS, PRESENT TESTIMONY, AND REPORT ON HOW MEMBERS OF CONGRESS VOTE ON ISSUES CONNECTED TO THE REGULATION AND DESIGN OF THE FINANCIAL SYSTEM. WE WORK WITH OUR ALLIES TO DEVELOP AND PROMOTE LEGISLATIVE SOLUTIONS TO STOP FINANCIAL SECTOR ABUSES OF ECONOMICALLY VULNERABLE FAMILIES AND COMMUNITIES AND REVERSE GROWING INEQUALITY THAT RESULTS FROM UNCHECKED FINANCIALIZATION AND SPECULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terrysa Guerra Director | Trustee | 1.25 | $0 |
Damon Silver Director | Trustee | 1.25 | $0 |
Lisa Donner Executive Director | OfficerTrustee | 10.13 | $0 |
Ed Mierzwinski Secretary | OfficerTrustee | 1.25 | $0 |
Virginia Robnett Chief Operating Officer | Officer | 10.13 | $0 |
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 | $1,060,174 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,060,174 |
| Total Program Service Revenue | $0 |
| Investment income | $25,845 |
| 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 | $1,086,019 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $816,414 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $42,792 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,796 |
| Fees for services: Accounting | $23,134 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $130,166 |
| Advertising and promotion | $33,046 |
| Office expenses | $11,504 |
| Information technology | $52,549 |
| Royalties | $0 |
| Occupancy | $49,209 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,340 |
| All other expenses | $9,647 |
| Total functional expenses | $1,276,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,453,919 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $271,808 |
| 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 | $3,167 |
| Net Land, buildings, and equipment | $73,000 |
| Investments—publicly traded securities | $533,596 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,335,490 |
| Accounts payable and accrued expenses | $825,821 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $825,821 |
| Net assets without donor restrictions | $1,132,253 |
| Net assets with donor restrictions | $377,416 |
| 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 | $2,335,490 |
Grants Awarded
Over the last fiscal year, Americans for Financial Reform has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WOODSTOCK INSTITUTE PURPOSE: Operational Assistance | $5,000 |
NEW GEORGIA PROJECT PURPOSE: Operational Assistance | $10,000 |