Overview
What is Pan Atlantic Foundation?
The Pan Atlantic Foundation, located in Portland, Maine, has been recognized as a J-1 visa sponsor by the U.S. Department of State's Bureau of Educational and Cultural Affairs, specifically in the secondary school category. This designation allows the foundation to operate exchange visitor programs, providing foreign students from secondary schools an opportunity to study in the United States. These students can attend accredited public or private schools while residing with a host family or staying at accredited boarding schools. The foundation's mission is to facilitate this educational exchange, fostering cultural understanding and global connections through education. With around 20 employees, the Pan Atlantic Foundation plays an essential role in promoting international education and cultural exchange.
Official website here: www.panatlanticfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Star Rating)
The Pan Atlantic Foundation has received a commendable rating of 89%, reflecting its strong performance in accountability and finance. The rating is based exclusively on financial metrics, which suggests a high level of transparency and responsibility in managing resources. The foundation is particularly noted for having a fully independent board, which is a positive indicator of good governance.
Strengths of the organization include its excellent program expense ratio, with nearly all funds directed towards its programs, showcasing its commitment to effective use of donations. Additional strengths lie in the establishment of comprehensive policies such as conflict of interest, whistleblower protections, and audits, all contributing to a robust governance framework. This attention to policy detail further enhances its accountability score.
However, one area where the organization may need improvement is its liabilities to assets ratio, which stands at 59.52%. While this score is not alarming, it indicates that the foundation may have moderate liabilities compared to its assets, prompting a closer look at its financial sustainability. Overall, the Pan Atlantic Foundation demonstrates a solid financial health and governance structure, making it a reliable choice for donors seeking effective philanthropy.
This AI summary has been generated from information found on Charity Navigator.
Is Pan Atlantic Foundation legitimate?
Pan Atlantic Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pan Atlantic Foundation 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: $796,468
Professional Fundraising Fees: $0
Other Salaries and Wages: $894,964
For more financial information, click here
Official website here: www.panatlanticfoundation.org
What is the mission statement of Pan Atlantic Foundation?
The Pan Atlantic Foundation, designated as a J-1 visa sponsor by the U.S. Department of State, operates exchange visitor programs. These programs provide foreign secondary school students with the opportunity to study in the United States. They can attend accredited public or private schools and live with host families or reside at accredited boarding schools. The foundation's mission is to facilitate this educational exchange, fostering cultural understanding and global connections.
Official website here: www.panatlanticfoundation.org
Who is the CEO of Pan Atlantic Foundation?
John Spencer Jones is the President of Pan Atlantic Foundation.
Official website here: www.panatlanticfoundation.org
What is the revenue of Pan Atlantic Foundation?
Pan Atlantic Foundation's revenue in 2022 was $4,653,987.
Official website here: www.panatlanticfoundation.org
Who are the executives of Pan Atlantic Foundation and what are their salaries?
The average compensation at Pan Atlantic Foundation during 2022 was $84,572. There are 20 employees at Pan Atlantic Foundation.
Here are 5 key members and their salaries:
- Compensation: $355,000
- Related: $29,237
- Other: $25,759
- Compensation: $260,136
- Related: $0
- Other: $17,815
- Compensation: $177,732
- Related: $0
- Other: $12,557
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.panatlanticfoundation.org
Where can I find the form 990 for Pan Atlantic Foundation?
Pan Atlantic Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.panatlanticfoundation.org
Learn more at the official website: www.panatlanticfoundation.org
Mission Statement of Pan Atlantic Foundation
The Pan Atlantic Foundation, established and recognized by the United States Department of State's Bureau of Educational and Cultural Affairs, operates as a J-1 visa sponsor in the secondary school category, in accordance with 22 CFR Sec 62.25. This designation allows the foundation to administer exchange visitor programs, offering foreign secondary school students the chance to immerse themselves in American education by studying at accredited public or private schools. During their stay, these students reside with host families or at accredited boarding schools, thereby fostering cultural exchange and mutual understanding.
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Impact
July, 2024
Pan Atlantic Foundation's impact lies in providing foreign secondary school students with the opportunity to study in the United States at accredited public or private schools while living with a host family or residing at accredited boarding schools. Through its exchange visitor programs, Pan Atlantic Foundation facilitates cultural exchange and educational opportunities that broaden perspectives and promote cross-cultural understanding. By enabling students from different parts of the world to experience American education and life firsthand, the organization contributes to fostering global citizenship and building bridges between nations.
This information is meant to be a general summary of Pan Atlantic Foundation. 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 2022.
- Investment Income: $37,027
- Program Service Revenue: $4,464,114
- Gross Receipts: $4,653,987
Assets and Liabilities:
- Total Assets: $2,683,284
- Total Liabilities: $1,597,174
- Net Assets: $1,086,110
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EXCHANGE PROGRAM FEE INCOME
Revenue
$4,464,114
Organization Details
Founding Year
2016
Phone
(207) 871-8622Principal Officer
John Spencer Jones
Main Address
ONE UNION ST SUITE 202, PORTLAND, ME, 04101
NTEE Category
Code: Q22 - International
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