Association of Black Foundation Executives Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Association of Black Foundation Executives Inc is a 501(c)(3) organization based in New York, New York, registered in 1973, with $5,811,080 in FY2024 revenue. CharityIndex grades it D.
55 Exchange Pl Ste 401, New York, NY, 10005 EIN 23-7156531 Since 1973
Revenue (FY2024)
$5.8M
▼ 23.9% vs prior year
Expenses (FY2024)
$7.9M
Net assets
$17.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Association of Black Foundation Executives Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating26 mo reserves · -37% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Association of Black Foundation Executives Inc: 26 mo reserves · -37% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Association of Black Foundation Executives Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Association of Black Foundation Executives Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $2.0M (FY2013) to $5.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.3MNet assets $17.0M
Operating margin
-36.8%
Spent more than it raised in the latest fiscal year.
Total assets
$18.3M
Total liabilities
$1.3M
Net assets
$17.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $5,811,080▼23.9% | $7,948,382▲11.1% | $17,034,018▼10.3% | $18,322,943▼8.3% | 990 |
| 2023 | $7,640,661▲31.6% | $7,153,740▲32.5% | $18,983,501▲3.5% | $19,987,800▲4.6% | 990 |
| 2022 | $5,805,379▼58.2% | $5,398,558▲42.3% | $18,333,196▲2.3% | $19,117,303▲3.4% | 990 |
| 2021 | $13,879,337▲50.4% | $3,794,314▲46.6% | $17,926,375▲129% | $18,483,278▲111% | 990 |
| 2020 | $9,226,120▲434% | $2,588,991▼8.3% | $7,841,352▲551% | $8,775,623▲479% | 990 |
| 2019 | $1,726,378▼52.7% | $2,824,656▲7.0% | $1,204,223▼47.7% | $1,516,343▼41.2% | 990 |
| 2018 | $3,651,870▲13.2% | $2,639,715▼15.3% | $2,302,501▲65.6% | $2,577,236▲57.9% | 990 |
| 2017 | $3,227,337▲48.2% | $3,116,247▲31.9% | $1,390,346▲8.7% | $1,632,200▲6.7% | 990 |
| 2016 | $2,177,107▼13.9% | $2,363,136▲5.5% | $1,279,256▼12.7% | $1,530,141▼9.7% | 990 |
| 2015 | $2,528,119▲142% | $2,239,686▲19.2% | $1,465,285▲24.5% | $1,693,842▲18.1% | 990 |
| 2014 | $1,046,344▼48.3% | $1,879,456▲13.9% | $1,176,852▼41.4% | $1,434,234▼36.2% | 990 |
| 2013 | $2,023,545 | $1,649,733 | $2,009,964 | $2,249,051 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $7.0M total
65 grants to Association of Black Foundation Executives Inc totaling $7.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Borealis Philanthropy | To support the work of association of black foundation executives | 2024 | $279,000 |
| California Healthcare Foundation | January 2025 - december 2026 membership | 2024 | $30,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $15,000 |
| Kalamazoo Community Foundation | Public affairs/society benefit | 2024 | $10,000 |
| Greater Hartford Gives Foundation | General operating support | 2024 | $10,000 |
| Silicon Valley Community Foundation | General nonprofit support | 2023 | $300,000 |
| California Healthcare Foundation | Association of black foundation executives 2024 annual conference sponsorship | 2023 | $15,000 |
| Boston Foundation Inc | Operating support/annual fund | 2023 | $10,000 |
| Kalamazoo Community Foundation | Civil rights/social action advocacy | 2023 | $10,000 |
| Greater Hartford Gives Foundation | Philanthropy | 2023 | $10,000 |
| United Way of Greater St Louis Inc | Ccs - community stability and crisis response | 2023 | $10,000 |
| Inatai Foundation | General operating support | 2023 | $10,000 |
| East Bay Community Foundation | Black women in philanthropy retreat 2023 | 2023 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $9,700 |
| Ascendium Education Solutions Inc | Abfe membership 11/8/23 - 11/8/24 | 2023 | $7,500 |
Frequently asked questions
- Is Association of Black Foundation Executives Inc a legitimate nonprofit?
- Yes. Association of Black Foundation Executives Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7156531, based in New York, New York. Donations are tax-deductible.
- What is Association of Black Foundation Executives Inc's EIN?
- Association of Black Foundation Executives Inc's Employer Identification Number (EIN) is 23-7156531.
- How much revenue does Association of Black Foundation Executives Inc report?
- Association of Black Foundation Executives Inc reported $5,811,080 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Association of Black Foundation Executives Inc have?
- CharityIndex grades Association of Black Foundation Executives Inc D, based on financial health (reserves and operating margin).
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Data for Association of Black Foundation Executives Inc (EIN 23-7156531) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.