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The Foundation of Accounting and Financial Womens Alliance

EIN 20-1424537 · Lexington, KY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood83 out of 100GovernanceGood88 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THROUGH STEWARDSHIP, THE FOUNDATION PROMOTES AND ADVANCES WOMEN IN ACCOUNTING AND FINANCE BY CULTIVATING RELATIONSHIPS, SECURING CONTRIBUTIONS, AND PROVIDING SCHOLARSHIPS FOR EDUCATION AND CAREER DEVELOPMENT.

Income
$65,167
Spending
$59,402
Spent on programs
61%
Reserves
37.7 months of spending
Largest source of income
donations and private grants, 100%
Employees
0
Volunteers
13

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 83 out of 100. Higher than 58% of charities in its peer group (education, under $250k).

  • Reserves

    35 of 35

    Spendable reserves would cover 37.7 months of spending.

  • Debt

    20 of 20

    It owes 6% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 9% of income.

  • Income trend

    5 of 15

    Income fell 13% on the year before.

  • Spending floor

    8 of 15

    61% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 88 out of 100. Higher than 83% of charities in its peer group (education, under $250k).

  • Independent board

    25 of 25

    12 of 12 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $24,388 spent. SCHOLARSHIPS - THE FOUNDATION OF ACCOUNTING AND FINANCIAL WOMEN'S MEMBERS' EDUCATIONAL ADVANCEMENT. YOUNG AND PROMISING STUDENTS AT THE UNDERGRADUATE AND GRADUATE LEVELS ALSO BENEFIT FROM THE SCHOLARSHIP PROGRAMS EVERY YEAR. SOME OF OUR NATIONAL PARTNERS WORK WITH US IN DEVELOPING, FUNDING AND PROMOTING THE SCHOLARSHIP PROGRAM. THE CRITERIA USED TO SELECT WINNERS VARY BY SCHOLARSHIP. DONORS RECEIVE VAST RECOGNITION THROUGH THE AFWA WEBSITE AND IN AFWA COMMUNICATIONS. CURRENT CO-BRANDED SCHOLARSHIP PARTNERS INCLUDE UNIVERSAL CPA REVIEW.
  2. $11,686 spent. IN-KIND CONTRIBUTIONS CONSIST OF DONATED AUCTION ITEMS, PRINTING COSTS, GIFT CARDS AMOUNGST OTHER THINGS. THE ITEMS ARE VALUED AT FAIR MARKET VALUE.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since April 2006.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.