State Financial Officers Foundation

What State Financial Officers Foundation does

The State Financial Officers Foundation (SFOF) is a private nonprofit public policy organization founded in 2013 that organizes state treasurers, state auditors, and state controllers to develop and implement free-market, pro-growth fiscal policies. Headquartered in Shawnee with operational activity in Washington, DC, SFOF brings together members from 47 states who collectively oversee approximately $1.5 trillion in public funds, and runs two annual national gatherings, comment-letter campaigns, federal testimony, and member coordination on issues including ESG investing, debanking, Medicaid fraud, and healthcare price transparency. The organization is led by CEO Dr. OJ Oleka and governed by a Board of Directors and National Advisory Committee that includes a former U.S. Attorney General and leaders from aligned free-market institutions such as ALEC, the Jack Kemp Foundation, and EJFI.

SFOF's product surface consists entirely of advocacy programs and convening platforms rather than commercial products. Flagship programs include Fraud & Oversight (a member-driven accountability initiative that reported $28B+ in state funds protected and $5.7B in waste/fraud/abuse stopped in 2025), the 'Have You Been Debanked?' initiative documenting viewpoint discrimination in banking, the Smart Women Smart Money (SWSM) financial literacy magazine managed by a dedicated Managing Director, the Public Fiduciary Network, Our Money Our Values, and the recently launched 'Look To The States' (LTTS) sister organization focused on grassroots and media strategy. No proprietary technology, AI, or software platform is disclosed; offerings are delivered through events, content, comment letters, and member coordination.

SFOF operates as a donor-funded foundation rather than a revenue-generating enterprise. Funding flows through donations solicited via its website and processed on the Anedot platform, with no pricing model or product sales. The organization is supported by a small core staff of approximately 9 named team members, including a CEO, Chief of Staff, Director of Public Policy, Director of Digital Communications, Director of Operations, Donor Development Advisor, Development Coordinator, Executive Assistant, and the SWSM Managing Director. There is no disclosed private equity, venture capital, or institutional investor ownership.

Name

State Financial Officers Foundation

Legal name

State Financial Officers Foundation

Website

https://sfof.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

SFOF is a nonprofit public policy foundation founded in 2013 that organizes state financial officers (treasurers, auditors, controllers) across 47 states to advance free-market fiscal policies. It is donation-funded and delivers its mission through advocacy programs, comment letters, public testimony, and two annual national gatherings.

Ownership category

akta.pro rank

Product category

Public Policy Advocacy

NAICS

Business Associations (81391), Social Advocacy Organizations (8133), Grantmaking Foundations (813211)

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

Private Foundations (BPAGAKAA)

Keywords

• Public policy advocacy
• Fiscal oversight
• State financial officers
• Free-market policy
• Nonprofit foundation

Headquarters

HQ city

Shawnee

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Donations and Contributions: SFOF operates as a nonprofit organization funded primarily through donations. The foundation solicits contributions through its website and has a donation mechanism via secure.anedot.com platform.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

SFOF is a nonprofit policy advocacy organization that organizes state treasurers, auditors, and controllers to develop and implement free-market, pro-growth fiscal policies. It facilitates policy coordination, hosts two annual national gatherings, runs the Fraud & Oversight initiative, and amplifies member voices through collective advocacy, comment letters, and public testimony.

Product overview

SFOF operates as a policy advocacy organization, not a technology product company. Its offerings consist of multiple programs: the flagship Fraud & Oversight program that safeguards taxpayer dollars; the 'Have You Been Debanked?' initiative against viewpoint discrimination; 'Look To The States' sister organization for free-market advocacy; 'Our Money Our Values' financial education; 'Public Fiduciary Network'; and 'Smart Women Smart Money' magazine. These programs work together under SFOF's mission to drive fiscally sound public policy through state financial officers.

Differentiator

Problem solved

Functional benefit

Products and services

• Fraud & Oversight

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Look To The States (LTTS)coreStrategic or Co-development Partner · 28 October 2025SFOF launched 'Look To The States' (LTTS) as a sister organization aimed at supporting state financial officers' efforts to promote free-market policies and counter 'woke capitalism' and ESG agendas. LTTS focuses on expanding grassroots support and media strategy alongside SFOF's core mission.
• Our Money Our ValuesminorStrategic or Co-development PartnerCo-branded program initiative focused on promoting responsible financial management values.
• Public Fiduciary NetworkminorStrategic or Co-development PartnerNetwork program supporting public fiduciary responsibility among state financial officers.
• Smart Women Smart Money (SWSM)minorStrategic or Co-development PartnerProgram and magazine focused on financial literacy and empowerment, managed by SFOF with dedicated staff including Managing Director Melanie Kreifels.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• American Legislative Exchange Council (ALEC): ALEC is the most directly comparable peer: a state-level, free-market policy membership organization that coordinates conservative state legislators on model legislation. ALEC's CEO (Lisa B. Nelson) sits on SFOF's board, evidencing deep operational overlap in member base, ideology, and policy focus areas (e.g., fiscal responsibility, anti-ESG).
• Americans for Tax Reform: Americans for Tax Reform is a free-market advocacy organization focused on lower taxes and limited government — directly aligned with SFOF's free-market, pro-growth policy posture toward state financial officers. Both organizations operate as 501(c) advocacy entities that coordinate grassroots pressure and lobby government officials on fiscal issues.
• State Policy Network: State Policy Network is a network of state-level free-market think tanks and policy organizations, with the same state-focused, free-market orientation as SFOF. Both organizations coordinate policy entrepreneurs and elected officials at the state level, sharing donor pipelines and aligned policy goals.

Broad incumbents

• Club for Growth: Club for Growth is a larger free-market advocacy organization focused on pro-growth economic policy, tax cuts, and limited government — an aligned ideological peer operating at federal and state levels. It represents a well-funded incumbent that competes for similar donor mindshare in the conservative economic-freedom ecosystem.
• Heritage Foundation: Heritage Foundation is a large, established conservative think tank that produces policy research and advocacy across federal and state levels. It serves as a broad-incumbent peer in the same ideological and policy-coordination ecosystem that SFOF occupies at the state-level financial-officer niche.
• Americans for Prosperity: Americans for Prosperity is a major Koch-network free-market advocacy organization active on tax, fiscal, and regulatory issues. It is comparable as a broad-incumbent peer in size and reach within the same conservative policy and donor ecosystem that supports SFOF's work.
• American Enterprise Institute: American Enterprise Institute is a major DC-based think tank producing free-market policy research. It is an adjacent peer in the conservative fiscal-policy ecosystem whose publications and fellows inform and reinforce the policy positions SFOF helps state officers advance.

Emerging players

• American Legislative Exchange Council Alumni / Libre Initiative: Libre Initiative focuses on Hispanic voter outreach for free-market policies and operates in the state-policy space. It is comparable as an emerging or thematic peer in the conservative state-level policy ecosystem that SFOF inhabits.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/SFOF_States

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about State Financial Officers Foundation