Overview
What is American Foreign Service Association Scholarship Fund?
The American Foreign Service Association Scholarship Fund is a nonprofit organization situated in Washington, D.C. Their primary mission is to offer financial aid and scholarships to the children of Foreign Service employees who are members of the association. Over the past 28 years, they have disbursed more than $4.9 million to over 2,500 students through need-based scholarships, academic merit awards, art merit awards, and a community service award. These awards are granted to undergraduate students and high school seniors, respectively. The existence and success of this program are made possible by generous donations and bequests from the Foreign Service community, ensuring that this valuable benefit for AFSA members continues to thrive.
Official website here: www.afsa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
The American Foreign Service Association Scholarship Fund has achieved an impressive 96% rating, indicating a high level of transparency and accountability. This score is derived solely from the Accountability & Finance beacon, reflecting the organization's strong financial health and governance practices. The absence of any material diversion of assets and the robust oversight by an independent board underscores its integrity in managing funds.
Strengths of the organization include its fully independent board, which consists of 19 members, and comprehensive financial oversight mechanisms. The fund demonstrates commitment to ethical governance with established policies for conflict of interest, whistleblowing, and document retention. Furthermore, it allocates a significant 78.27% of its expenses directly to programs, which is a strong indicator of its focus on fulfilling its mission.
While the organization excels in financial accountability and transparency, there are no noted limitations in the data provided. Overall, the American Foreign Service Association Scholarship Fund stands out as a reputable charity in the nonprofit sector, promising effective use of donations toward its educational initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is American Foreign Service Association Scholarship Fund legitimate?
American Foreign Service Association Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Foreign Service Association Scholarship Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $43,968
Professional Fundraising Fees: $0
Other Salaries and Wages: $89,737
For more financial information, click here
Official website here: www.afsa.org
What is the mission statement of American Foreign Service Association Scholarship Fund?
The American Foreign Service Association Scholarship Fund's mission is centered around providing financial aid and merit awards to high school seniors whose parents are or were foreign service employees. This is achieved through the AFSA Scholarship Program, which offers need-based scholarships for undergraduate studies and one-time academic and art merit awards for graduating high school seniors. The fund relies on generous bequests and donations from the foreign service community, ensuring that this robust benefit has disbursed over $4.9 million to over 2,500 students in the past 28 years. The AFSA Scholarship Program does not utilize any membership dues and serves as a significant benefit for AFSA members.
Official website here: www.afsa.org
What is the revenue of American Foreign Service Association Scholarship Fund?
American Foreign Service Association Scholarship Fund's revenue in 2023 was $2,577,911.
Official website here: www.afsa.org
Who are the executives of American Foreign Service Association Scholarship Fund and what are their salaries?
There 61 volunteers at American Foreign Service Association Scholarship Fund.
Here are 23 key members and their salaries:
- Compensation: $0
- Related: $230,694
- Other: $37,499
- Compensation: $0
- Related: $162,584
- Other: $8,910
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.afsa.org
Where can I find the form 990 for American Foreign Service Association Scholarship Fund?
American Foreign Service Association Scholarship Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.afsa.org
Learn more at the official website: www.afsa.org
Mission Statement of American Foreign Service Association Scholarship Fund
The American Foreign Service Association Scholarship Fund is an entity that provides need-based scholarships and academic and merit awards to high school seniors whose parents are or have been foreign service employees. This organization, which relies on generous bequests and donations from the foreign service community, offers financial aid scholarships to undergraduate students and academic, art merit awards, and a community service award to graduating high school seniors. Over the past 28 years, the AFSA Scholarship Program has disbursed over $4.9 million to more than 2,500 students, providing a valuable benefit for members of the foreign service community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The American Foreign Service Association Scholarship Fund has had a significant impact by providing need-based scholarships and academic merit awards for foreign service high school seniors. Through its scholarship program, the AFSA has offered college aid to children of AFSA members whose parents are or were foreign service employees. This initiative, fueled by generous bequests and donations from within the foreign service community, has disbursed over $4.9 million to 2,500 students in the last 28 years.
These scholarships and awards have enabled deserving students to pursue higher education and achieve their academic goals, regardless of their financial circumstances. By investing in the education of children of foreign service employees, the AFSA Scholarship Fund is not only supporting individual students but also contributing to the future of the foreign service community as a whole.
This information is meant to be a general summary of American Foreign Service Association Scholarship Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $399,332
- Gross Receipts: $13,420,278
Assets and Liabilities:
- Total Assets: $15,575,557
- Total Liabilities: $4,113,809
- Net Assets: $11,461,748
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1972
Principal Officer
Asgeir Sigfusson
Website
www.afsa.orgNTEE Category
Code: B82Z - Education
If you are a representative of American Foreign Service Association Scholarship Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.