2026-06-18T14:12:04-05:00 2025-12-31 521711839 COUNCILOR BUCHANAN & MITCHELL PC 7910 WOODMONT AVE STE 500 BETHESDA MD 20814 990 2025-01-01 650617866 ASSOCIATION OF SMALL FOUNDATIONS ASSO 2025806560 PO BOX 65607 WASHINGTON DC 200355607 PAUL D DAUGHERTY CEO 2025806560 2026-06-16 1 JOSEPH J BARRECA P00310073 3019860600 2026-06-16 2025 2025-03-06 01:10:19Z EXPONENT PHILANTHROPY PAUL D DAUGHERTY PO BOX 65607 WASHINGTON DC 200355607 3267087 0 X WWW.EXPONENTPHILANTHROPY.ORG X 1995 DE EDUCATE, EQUIP, AND CONNECT LEAN FUNDERS THROUGH A NATIONWIDE PEER COMMUNITY. 15 15 19 60 7000 0 1095644 799084 2333790 2245027 154299 120218 146675 102758 3730408 3267087 0 0 0 0 2045524 1992896 0 0 450686 1858289 1350769 3903813 3343665 -173405 -76578 3716252 3694614 951533 1008834 2764719 2685780 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 1875054 0 0 PROGRAMS: FOSTER LEARNING, COLLABORATION, AND KNOWLEDGE SHARING TO DEEPEN MEMBER EXPERTISE AND PROFESSIONAL DEVELOPMENT. IN 2025, WE ENGAGED 1824 PROFESSIONALS ACROSS 22 WEBINARS, PEER CIRCLES, ROUNDTABLES, AND COHORT PROGRAMS FOCUSED ON CATALYTIC LEADERSHIP IN PHILANTHROPY, RACIAL EQUITY, DISABILITY INCLUSION AND NEXT-GENERATION READINESS TAILORED FOR THE LEAN FUNDING COMMUNITY. 508257 0 0 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 2025, THE CONFERENCE CONVENED ALMOST 500 PARTICIPANTS IN COLUMBUS, OH. 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. 126682 0 0 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 1000 DOWNLOADS IN 2025, THE FOUNDATIONS OPERATIONS & MANAGEMENT REPORT (FOMR) OFFERS KEY INSIGHTS INTO THE LATEST TRENDS, BENCHMARKS, AND BEST PRACTICES SHAPING LEAN PHILANTHROPY. 2509993 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 18 0 19 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AK AR CA CO CT DC FL GA HI IL KY LA ME MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR RI SC 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 DIANA BUCCO TREASURER 6.00 X X 0 0 0 DEBRA MONIZ SECRETARY (UNTIL 11/13/2025) 6.00 X X 0 0 0 HENRY RAEL SECRETARY 6.00 X X 0 0 0 RAHSAAN HARRIS PAST CHAIR 3.00 X X 0 0 0 CAROL GALLO MEMBER 3.00 X 0 0 0 DR TOYA GRAHAM MEMBER 3.00 X 0 0 0 TAYLOR GRAY MEMBER (UNTIL 11/13/2025) 3.00 X 0 0 0 JEREMY GRUNIN MEMBER (FROM 11/12/2025) 3.00 X 0 0 0 ANGELA HULT MEMBER 3.00 X 0 0 0 TINA KIMBROUGH MEMBER 3.00 X 0 0 0 KEAHI MAKAIMOKU MEMBER (FROM 11/12/2025) 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 PAUL D DAUGHERTY CEO 50.00 X 297424 0 53300 ANDY CARROLL SENIOR ADVISOR 40.00 X 111024 0 22053 KELLY STORMER MANAGING DIR, OPERATIONS & PEOPLE 40.00 X 148500 0 6066 KATY MOORE MANAGING DIR, ADVANCEMENT 40.00 X 152736 0 34674 709684 0 116093 4 0 1 0 HARDER & COMPANY 501 WASHINGTON ST STE 708 SAN DIEGO CA 92103 FDN OPS & MGMT SURVEY & REPORT 116782 1 799084 5035 799084 MEMBERSHIP DUES 900099 1274464 1274464 REGISTRATION FEES 900099 685638 685638 SUSTAINING PARTNER FEES 900099 248716 248716 PUBLICATION SALES 900099 29209 29209 ADVERTISING 541800 7000 7000 2245027 120218 120218 95264 95264 OTHER REVENUE 900099 7494 7494 7494 3267087 2245521 7000 215482 X 350725 175362 87682 87681 1332908 1034961 93245 204702 53949 42734 3224 7991 125098 99307 7337 18454 130216 94541 13386 22289 19082 19082 131750 131750 525561 468556 10021 46984 41635 25841 2281 13513 20036 17097 50 2889 20103 15079 1849 3175 34851 27857 2574 4420 444533 439413 1348 3772 10826 9022 664 1140 DUES & PUBLICATIONS 43970 29970 1912 12088 MERCHANT & BANK CHARGES 29487 21475 2949 5063 MISCELLANEOUS 18275 7413 3614 7248 MEMBER ENGAGEMENT 10660 1365 18 9277 3343665 2509993 382986 450686 44281 53240 263817 771340 393972 306636 100956 164306 63131 55620 146719 146719 0 0 5035 2850095 2338437 3716252 3694614 76503 71647 875030 937187 951533 1008834 X 2250765 2317478 513954 368302 2764719 2685780 3716252 3694614 -76578 -2361 0 X X 0 1 X 1 0 X 3395476 438059 955851 1095644 799084 6684114 1704177 1976744 2134601 2324290 2238027 10377839 5099653 2414803 3090452 3419934 3037111 17061953 270346 339666 433668 630666 446666 2121012 0 270346 339666 433668 630666 446666 2121012 14940941 228202 226520 325408 285064 215482 1280676 228202 226520 325408 285064 215482 1280676 5205 4500 9500 7000 26205 1486 8604 15910 7494 33494 5327855 2648014 3428964 3730408 3267087 18402328 0.81190 0.88980 0.06960 0.07650 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER REVENUE FROM ADS IN THE ANNUAL FOUNDATION OPERATIONS MANAGEMENT REPORT 2022 AMOUNT: $ 1,486. 2023 AMOUNT: $ 8,604. 2024 AMOUNT: $ 15,910. 2025 AMOUNT: $ 7,494. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3343665 3343665 317183 79296 0 0 344636 335588 345191 317183 1342598 2013897 86159 83897 86298 79296 335650 503475 146719 146719 0 0 CERTIFICATES OF DEPOSIT 2338437 F 2338437 X 3309936 -2361 45210 42849 3267087 0 3267087 3388875 45210 45210 3343665 0 3343665 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 0 0 PAUL D DAUGHERTY CEO 287924 0 9500 0 0 0 15775 0 37525 0 350724 0 0 0 KATY MOORE MANAGING DIR, ADVANCEMENT 152736 0 0 0 0 0 6458 0 28216 0 187410 0 0 0 KELLY STORMER MANAGING DIR, OPERATIONS & PEOPLE 145000 0 3500 0 0 0 6066 0 0 0 154566 0 0 0 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 462,623. MANAGEMENT AND GENERAL EXPENSES 9,989. FUNDRAISING EXPENSES 44,397. TOTAL EXPENSES 517,009. DESIGN: PROGRAM SERVICE EXPENSES 5,933. MANAGEMENT AND GENERAL EXPENSES 32. FUNDRAISING EXPENSES 2,587. TOTAL EXPENSES 8,552. 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.