Civic Intelligence

Affirm Cares

990 • Fiscal year 2021 • EIN 84-2053318

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

550 Kearny Street Floor 7San Francisco, CA 94108

(414) 803-5428

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

94th percentile

76%

Higher net margin than 94% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

97th percentile

476%

Faster asset growth than 97% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

22nd percentile

-37%

Faster revenue growth than 22% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$236,012

Up $195,060 (+476%) from 2020

Net Assets

Up

$236,012

Up $195,060 (+476%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Down

$255,560

Down $152,341 (-37%) from 2020

Expenses

Down

$60,500

Down $321,041 (-84%) from 2020

Net Income

Up

$195,060

Up $168,700 (+640%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2019: $8,904Liabilities 2019: $0Net Assets 2019: $8,9042019Assets 2020: $40,952Liabilities 2020: $0Net Assets 2020: $40,9522020Assets 2021: $236,012Liabilities 2021: $0Net Assets 2021: $236,0122021Assets 2022: $265,575Liabilities 2022: $0Net Assets 2022: $265,5752022Assets 2023: $255,668Liabilities 2023: $0Net Assets 2023: $255,6682023Assets 2024: $225,020Liabilities 2024: $0Net Assets 2024: $225,0202024

Highlighted filing

2021

Assets$236,012
Liabilities$0
Net Assets$236,012

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2019: $8,904Expenses 2019: $0Net Income 2019: $8,9042019Revenue 2020: $407,901Expenses 2020: $381,541Net Income 2020: $26,3602020Revenue 2021: $255,560Expenses 2021: $60,500Net Income 2021: $195,0602021Revenue 2022: $138,662Expenses 2022: $97,500Net Income 2022: $41,1622022Revenue 2023: $119,392Expenses 2023: $114,000Net Income 2023: $5,3922023Revenue 2024: $85,668Expenses 2024: $112,316Net Income 2024: -$26,6482024

Highlighted filing

2021

Revenue$255,560
Expenses$60,500
Net Income$195,060
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$255,560
Mission and Program Overview

Mission

Partner with organizations focused on housing insecurity, homelessness, civic engagement, neighborhood preservation and revitalization, small business development, and community enrichment. Support access to technology for k-12 coding academies and bootcamps, and provide workforce development and support for small urban and rural businesses.

Affirm cares supports financial literacy & inclusion, vibrant communities, and technology education & training through grants to organizations who support those pillars.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$40,952$236,012▲ $195,060
Total Assets$40,952$236,012▲ $195,060
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$40,952$236,012▲ $195,060
Total Net Assets Fund Balance$40,952$236,012▲ $195,060
Total Liabilities and Net Assets / Fund Balance$40,952$236,012▲ $195,060
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brooks HosfieldPresident
Jude KomuvesVice President
Katrina HoltBoard Member
Lia BallardBoard Member
Ulrico IzaguirreBoard Member
Scott AstradaSecretary
Siphelele JiyaneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$255,560
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$255,560
Change in Net Assets
$195,060
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$60,500
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$60,500--$60,500
Total Functional Expenses$60,500$0$0$60,500
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Council for Economic EducationNew York City, NY501(c)(3)Financial Literacy & Inclusion$10,000
Junior AchievementSacramento, CA501(c)(3)Financial Literacy & Inclusion$10,000
Mission BitSan Francisco, CA501(c)(3)Tech Education & Training$10,000
RrrcomputerOakland, CA501(c)(3)Tech Education & Training$10,000
The Prosp(a)rity ProjectTowson, MD501(c)(3)Financial Literacy & Inclusion$9,000
Minds MatterSan Francisco, CA501(c)(3)Tech Education & Training$6,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

All directors and officers of affirm cares are employees of affirm, inc.

Form 990, Part VI, Section B, Line 11B

The 990 will be emailed to the board members for review prior to a quarterly board meeting. The organization's secretary will present the full return to the board before filing.

Form 990, Part VI, Section B, Line 12C

It is the policy of affirm cares to prohibit its directors, officers or staff members from engaging in any activity, practice or act which conflicts with, or could reasonably be perceived to conflict with or give the appearance of conflicting with, the interest of the organization, its clients, donors or suppliers. A conflict of interest may exist when the interests or activities of any director, officer or staff member may reasonably be seen as competing with the interests and activities of the organization, or he or she derives a financial or other material gain as a result of the direct or indirect relationship. Any activity, practice or act which could give rise to a potential or perceived conflict of interest, no matter how small or insignificant, is to be reported to the board of directors and approved prior to engaging in such activity, practice or act. The board of directors shall adopt a conflict of interest policy, which shall be furnished to each director, officer and senior staff member serving the organization on an annual basis and to each person who may become associated with the organization in such capacity. The conflict of interest policy shall be reviewed annually for the information and guidance of directors, officers and staff members and any new director, officer and staff member shall be advised of the policy upon undertaking the duties of such position.

Form 990, Part VI, Section C, Line 19

Certain governing documents and the form 990 are held at the organization's principal office. Such documents are open to inspection by persons, as required by law, at all reasonable times during office hours. Documents not available at the organization's principal office are available upon request.

Form 990, Part VI, Section A, Line 6

The organization's board members are volunteers.

Filing and Contact Details

Filer

Filer Name
Affirm Cares
EIN
84-2053318
Phone
4148035428
Address
550 KEARNY STREET FLOOR 7, SAN FRANCISCO, CA 94108

Signing Officer

Name
Scott Astrada
Title
Secretary
Phone
4148035428
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Astrada
Formed
2019
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Deloitte Tax Llp
Address
695 TOWN CENTER DRIVE SUITE 1000, COSTA MESA, CA 92626
Preparer
Basir a Mohammad
Phone
7144367100
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5MD
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd094126
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd194110
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd295821
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd394611
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd4101682699
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd521204
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ORGANIZATIONS WILL PROVIDE INFORMAL CHECK-IN EMAILS ON THE DATES PROVIDED IN THEIR AWARD NOTIFICATION. ORGANIZATIONS WILL PROVIDE MORE COMPREHENSIVE SUMMARIES EVERY SIX MONTHS USING THE CHECK-IN SURVEY (GOOGLE FORM).
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt06
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL DIRECTORS AND OFFICERS OF AFFIRM CARES ARE EMPLOYEES OF AFFIRM, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 WILL BE EMAILED TO THE BOARD MEMBERS FOR REVIEW PRIOR TO A QUARTERLY BOARD MEETING. THE ORGANIZATION'S SECRETARY WILL PRESENT THE FULL RETURN TO THE BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IT IS THE POLICY OF AFFIRM CARES TO PROHIBIT ITS DIRECTORS, OFFICERS OR STAFF MEMBERS FROM ENGAGING IN ANY ACTIVITY, PRACTICE OR ACT WHICH CONFLICTS WITH, OR COULD REASONABLY BE PERCEIVED TO CONFLICT WITH OR GIVE THE APPEARANCE OF CONFLICTING WITH, THE INTEREST OF THE ORGANIZATION, ITS CLIENTS, DONORS OR SUPPLIERS. A CONFLICT OF INTEREST MAY EXIST WHEN THE INTERESTS OR ACTIVITIES OF ANY DIRECTOR, OFFICER OR STAFF MEMBER MAY REASONABLY BE SEEN AS COMPETING WITH THE INTERESTS AND ACTIVITIES OF THE ORGANIZATION, OR HE OR SHE DERIVES A FINANCIAL OR OTHER MATERIAL GAIN AS A RESULT OF THE DIRECT OR INDIRECT RELATIONSHIP. ANY ACTIVITY, PRACTICE OR ACT WHICH COULD GIVE RISE TO A POTENTIAL OR PERCEIVED CONFLICT OF INTEREST, NO MATTER HOW SMALL OR INSIGNIFICANT, IS TO BE REPORTED TO THE BOARD OF DIRECTORS AND APPROVED PRIOR TO ENGAGING IN SUCH ACTIVITY, PRACTICE OR ACT. THE BOARD OF DIRECTORS SHALL ADOPT A CONFLICT OF INTEREST POLICY, WHICH SHALL BE FURNISHED TO EACH DIRECTOR, OFFICER AND SENIOR STAFF MEMBER SERVING THE ORGANIZATION ON AN ANNUAL BASIS AND TO EACH PERSON WHO MAY BECOME ASSOCIATED WITH THE ORGANIZATION IN SUCH CAPACITY. THE CONFLICT OF INTEREST POLICY SHALL BE REVIEWED ANNUALLY FOR THE INFORMATION AND GUIDANCE OF DIRECTORS, OFFICERS AND STAFF MEMBERS AND ANY NEW DIRECTOR, OFFICER AND STAFF MEMBER SHALL BE ADVISED OF THE POLICY UPON UNDERTAKING THE DUTIES OF SUCH POSITION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CERTAIN GOVERNING DOCUMENTS AND THE FORM 990 ARE HELD AT THE ORGANIZATION'S PRINCIPAL OFFICE. SUCH DOCUMENTS ARE OPEN TO INSPECTION BY PERSONS, AS REQUIRED BY LAW, AT ALL REASONABLE TIMES DURING OFFICE HOURS. DOCUMENTS NOT AVAILABLE AT THE ORGANIZATION'S PRINCIPAL OFFICE ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S BOARD MEMBERS ARE VOLUNTEERS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0455413534
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0FINANCIAL SERVICES
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0AFFIRM INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0633 FOLSOM STREET 7TH FLOOR
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0SAN FRANCSICO
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd094107
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0AFFIRM, INC IS THE PARENT OF AFFIRM CARES DUE TO THE AFFIRM CARE BOARD BEING COMPRISED OF A MAJORITY OF AFFIRM, INC EMPLOYEES. THERE WERE NO FINANCIAL TRANSACTIONS BETWEEN AFFIRM, INC AND ITS SUBSIDIARIES AND AFFIRM CARES.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE R, PART IV
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/StatesWhereCopyOfReturnIsFldCd1UT
IRS990/StatesWhereCopyOfReturnIsFldCd2IL
IRS990/StatesWhereCopyOfReturnIsFldCd3NY
IRS990/StatesWhereCopyOfReturnIsFldCd4PA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt040952
IRS990/TotalAssetsEOYAmt0236012
IRS990/TotalAssetsGrp/BOYAmt040952
IRS990/TotalAssetsGrp/EOYAmt0236012
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0255560
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt060500
IRS990/TotalFunctionalExpensesGrp/TotalAmt060500
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt040952
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0236012
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt060500
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0255560
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt040952
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0236012
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0550 KEARNY STREET FLOOR 7
IRS990/USAddress/CityNm0SAN FRANCISCO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094108
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0HTTPS://WWW.AFFIRM.COM/CARES
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT ASTRADA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum04148035428
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AFFIRM CARES
ReturnHeader/Filer/BusinessNameControlTxt0AFFI
ReturnHeader/Filer/EIN0842053318
ReturnHeader/Filer/PhoneNum04148035428
ReturnHeader/Filer/USAddress/AddressLine1Txt0550 KEARNY STREET FLOOR 7
ReturnHeader/Filer/USAddress/CityNm0SAN FRANCISCO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094108

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