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Financial Accounting Foundation

Public charity
DBA: % PETER SPENCER
Research & Policy · NORWALK, CT · EIN 23-7211935
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About

Establish and improve financial accounting and reporting standards to provide useful information to investors and other users of financial reports and to educate stakeholders on how to most effectively understand and implement those standards.

In care of Peter Spencer

Donations are tax-deductible
Category
Research & Policy
Employees
178
Volunteers
175

Financial Snapshot

FY ending 2023-12-31
Revenue
$80.8M
Expenses
$70.1M
Assets
$145.7M
Liabilities
$38.6M

Financial history

$80.8M$40.4M$0
1617181920212223
RevenueExpenses
Latest FY2023: $80.8M · Avg: $62.7M

Foreign activity (Schedule F)

Total spent abroad$144K
Foreign employees0
Foreign offices0
Foreign partnership interestNo
Foreign trust interestNo
RegionActivitySpent
EUROPE (INCLUDING ICELAND & GREENLAND)——
EAST ASIA AND THE PACIFIC——

501(h) election

This 501(c)(3) elected the 501(h) safe-harbor — lobbying expenditures are capped under a clear dollar formula instead of the "insubstantial part" standard.

Political & Grant Activity

Campaign Spending
—
Lobbying
$620K
Grants Given
—
FINANCIAL ACCOUNTING FOUNDATION
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Address

801 Main AVE
Norwalk, CT, 06851-112

Governance

Voting board members18
Independent members18
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planYes
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer ↗
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search ↗
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.