2024-11-12T11:21:46-06:00 2023-12-31 520982413 GROSS MENDELSOHN & ASSOCIATES PA 1801 PORTER STREET SUITE 500 BALTIMORE MD 21230 990 2023-01-01 237045244 AMERICAN FOREIGN SERVICE ASSOCIATION SCHOLARSHIP FUND AMER 2023384045 2101 E STEET NW WASHINGTON DC 20037 ASGEIR SIGFUSSON EXECUTIVE DIRECTOR 2023384045 2024-11-12 1 1 JENNIFER ROCK P01083312 4106855512 2024-11-11 2023 2024-10-15 13:58:12Z ASGEIR SIGFUSSON 2101 E STEET NW WASHINGTON DC 20037 13420278 0 X WWW.AFSA.ORG/AFSA-SCHOLARSHIPS X 1972 DC PROVIDE NEED BASED SCHOLARSHIPS & ACADEMIC & MERIT AWARDS FOR FOREIGN SERVICE HIGH SCHOOL SENIORS. 21 21 0 61 0 0 97759 85416 0 0 441302 2492495 0 0 539061 2577911 326500 403500 0 0 143681 150838 0 0 0 112236 88708 582417 643046 -43356 1934865 15575557 17159511 4113809 4146105 11461748 13013406 THE AFSA SCHOLARSHIP PROGRAM PROVIDES TO CHILDREN OF FOREIGN SERVICE EMPLOYEES WHO ARE AFSA MEMBERS: NEED-BASED, FINANCIAL AID SCHOLARSHIPS (FOR UNDERGRADUATE STUDY) AND ONE-TIME ONLY ACADEMIC AND ART MERIT SCHOLARSHIPS (FOR HIGH SCHOOL SENIORS). 0 0 460931 403500 SCHOLARSHIPS: THE AFSA SCHOLARSHIP PROGRAM OFFERS COLLEGE AID TO CHILDREN OF AFSA MEMBERS WHOS PARENTS ARE/WERE FOREIGN SERVICE EMPLOYEES. WE PROVIDE FINANCIAL AID SCHOLARSHIPS TO UNDERGRADUATES AND ACADEMIC MERIT AWARDS, ART MERIT AWARDS, AND A COMMUNITY SERVICE AWARD TO GRADUATING HIGH SCHOOL SENIORS. THE ABOVE ACTIVITIES COULD NOT HAPPEN WITHOUT THE GENEROUS BEQUESTS AND DONATIONS FROM THOSE IN THE FOREIGN SERVICE COMMUNITY. NO AFSA MEMBERSHIP DUES ARE USED IN THE AFSA SCHOLARSHIP PROGRAM. THIS ROBUST AFSA MEMBER BENEFIT HAS DISBURSED MORE THAN $4.9 MILLION TO 2,500 STUDENTS IN THE LAST 29 YEARS. 460931 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X FEMI OSHOBUKOLA 2023384045 2101 E STREET NW WASHINGTON DC 20037 ASEGIR SIGFUSSON EXECUTIVE DIRECTOR 5.00 35.00 X 0 230694 37499 FEMI OSHOBUKOLA DIRECTOR OF FINANCE 5.00 35.00 X 0 162584 8910 THOMAS YAZDGERDI PRESIDENT 10.00 30.00 X X 0 0 0 TINA WONG STATE VICE PRESIDENT 10.00 30.00 X X 0 0 0 RANDY CHESTER USAID VICE PRESIDENT 10.00 30.00 X X 0 0 0 JOSHUA BURKE FCS VICE PRESIDENT 10.00 30.00 X X 0 0 0 LISA AHRAMJIAN FAC VICE PRESIDENT 5.00 35.00 X X 0 0 0 JOHN NALAND RETIREE VICE PRESIDENT 0.50 1.00 X X 0 0 0 SUE SAARNIO SECRETARY 0.50 1.00 X X 0 0 0 JOHN O'KEEFE TREASURER 0.50 1.00 X X 0 0 0 EDWARD STAFFORD RETIREE REPRESENTATIVE 0.50 1.00 X 0 0 0 MARY DALY RETIREE REPRESENTATIVE 0.50 1.00 X 0 0 0 STEVE HERMAN USAGM REPRESENTATIVE 0.50 1.00 X 0 0 0 CHRISTOPHER SAENGER USAID REPRESENTATIVE 0.50 1.00 X 0 0 0 JOE RAGPLE APHIS REPRESENTATIVE 0.50 1.00 X 0 0 0 ZEKE SPEARS FAS REPRESENTATIVE 0.50 1.00 X 0 0 0 JAY CARREIRO FCS REPRESENTATIVE 0.50 1.00 X 0 0 0 KIMBERLY HARRINGTON STATE REPRESENTATIVE 0.50 1.00 X 0 0 0 LYNTTE BEHNKE STATE REPRESENTATIVE 0.50 1.00 X 0 0 0 C LOGAN WHEELER STATE REPRESENTATIVE 0.50 1.00 X 0 0 0 WHIYNEY WIEDMAN STATE REPRESENTATIVE 0.50 1.00 X 0 0 0 DAVID JOSAR STATE REPRESENTATIVE 0.50 1.00 X 0 0 0 GREG FLOYD STATE REPRESENTATIVE 0.50 1.00 X 0 0 0 0 393278 46409 0 0 1 0 0 85416 85416 399332 399332 12935530 10842367 2093163 2093163 2093163 2577911 0 0 2492495 403500 403500 43968 474 43494 89737 46407 43330 4065 3202 863 3074 3045 29 9994 3150 6844 1088 1088 52678 52678 12141 12141 3374 751 2623 7724 7724 5165 5165 402 402 10 10 4590 4590 1409 1409 TAXES AND LICENSES 127 127 643046 460931 182115 0 882803 345836 10 14 129000 127000 9553751 11470710 5009993 5215951 15575557 17159511 12935 13496 4100874 4132609 4113809 4146105 X 11461748 13013406 11461748 13013406 15575557 17159511 X 1934865 -518150 134943 X X 0 1 X 1 0 X 227862 62674 87114 97759 85416 560825 227862 62674 87114 97759 85416 560825 159830 400995 270090 299071 330848 269070 399332 1568411 2129236 0.18830 0.40780 X PRIOR TO 2023, THE AMERICAN FOREIGN SERVICE ASSOCIATION SCHOLARSHIP FUND ROUTINELY MET THE 33-1/3% TEST DUE TO LARGE DONATIONS RECEIVED IN 2019 AND PRIOR THAT AMERICAN FOREIGN SERVICE ASSOCIATION SCHOLARSHIP FUND USED TO ESTABLISH AN ENDOWMENT FUND WHOSE PURPOSE WAS TO FUND SCHOLARSHIPS, THE MAIN PURPOSE OF AMERICAN FOREIGN SERVICE CORPORATION SCHOLARSHIP FUND, WITH ITS INVESTMENT INCOME. IN RECENT YEARS, THE EARNINGS ON THAT ENDOWMENT HAVE EXCEEDED THE AMOUNT OF INCOME GENERATED FROM THE PUBLIC DUE TO WISE INVESTMENT POLICIES. SINCE 2019, THE ORGANIZATION CONTINUES TO SOLICIT FUNDS FROM THE PUBLIC, INCLUDING MEMBERS OF AMERICAN FOREIGN SERVICE ASSOCIATION AND THE GENERAL PUBLIC THROUGH THEIR WEBSITE AND FUNDRAISING ACTIVITIES. AMERICAN FOREIGN SERVICE ASSOCIATION SCHOLARSHIP FUND HAS SOLICITED NEW DONORS EACH YEAR AND CONTINUES TO INCREASE THE AMOUNT EARNED FROM THE GENERAL PUBLIC AND HAS POLICIES IN PLACE TO INCREASE THE PUBLIC SUPPORT TEST IN 2024 AND ONWARD. AMERICAN FOREIGN SERVICE ASSOCIATION SCHOLARSHIP FUND HAS A GOVERNING BOARD THAT REPRESENTS BOARD INTERESTS TO THE PUBLIC TO SOLICIT CONTRIBUTIONS AND PROVIDE SUPPORT OF THE ORGANIZATION TO BENEFIT THE GENERAL PUBLIC. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 293931 51904 345835 348634 -54703 293931 248164 100470 348634 235590 12574 248164 225908 9682 235590 0.00000 0.48738 0.51262 0 0 0 BENEFICIAL INTEREST IN A TRUSTS 1070541 DUE FROM AFFILIATES 4145410 5215951 DUE TO AFFILIATES 4132609 4132609 X PART X, LINE 2: THE SCHOLARSHIP FUND ADOPTED THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE SCHOLARSHIP FUND EVALUATED ITS TAX POSITIONS AND DETERMINED THAT ITS POSITIONS ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED ON EXAMINATION. 1 SCHOLARSHIP AND MERIT AWARDS 112 403500 PART I, LINE 2: THE AMERICAN FOREIGN SERVICE ASSOCIATION (AFSA) FINANCIAL AID SCHOLARSHIP PROGRAM PROVIDES NEED-BASED UNDERGRADUATE COLLEGE SCHOLARSHIPS FOR FOREIGN SERVICE CHILDREN. THE STUDENTS SUBMIT APPLICATIONS, THEIR COLLEGE TRANSCRIPT AND THE CSS PROFILE (THE FINANCIAL ASSESMENT INSTRUMENT OFFERED BY THE COLLEGE SCHOLARSHIP SERVICE) TO DETERMINE THEIR ELIGIBILITY. IF THE STUDENT QUALIFIES FOR AN AWARD, THE COLLEGES AND UNIVERSITITIES MONITOR THE STUDENT'S GRADE POINT AVERAGE AND CREDIT HOUR COURSE LOAD. IF THE STUDENT DOESN'T MEET THE AFSA REQUIREMENTS, THE COLLEGE DOES NOT RELEASE THE FUNDS THAT WERE SENT TO THEM IN THE STUDENT'S NAME AND SEND BACK THE SCHOLARSHIP TO AFSA THAT WAS BESTOWED TO THE STUDENT. AFSA ALSO CAN DISQUALIFY THE STUDENT FOR NOT SUBMITTING HIS/HER DONOR THANK YOU LETTER. APPLICANTS NEED TO REAPPLY FOR THIS AWARD EVERY YEAR. X X 0 0 0 0 0 0 0 0 0 ASEGIR SIGFUSSON EXECUTIVE DIRECTOR 0 219134 0 10000 0 1560 0 10957 0 26542 0 268193 0 0 FEMI OSHOBUKOLA DIRECTOR OF FINANCE 0 159824 0 1200 0 1560 0 7991 0 919 0 171494 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE, MANAGEMENT AND AUDIT COMMITTEE REVIEWS DRAFT 990 AND REPORTS TO THE GOVERNING BOARD UPON FILING. A COPY OF THE RETURN IS DISTRIBUTED TO THE ENTIRE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE PRESIDENT AND THE BOARD MEMBERS ARE RESPONSIBLE FOR REGULARLY AND CONSISTENTLY MONITORING AND ENFORCING THE CONFLICT OF INTEREST POLICY. THEY ARE REQUIRED TO SIGN THE COI POLICY STATING THEIR UNDERSTANDING OF THE POLICY AND WILL REPORT PROMPTLY A POTENTIAL CONFLICT OF INTEREST. THE FOLLOWING EXPLANATION DESCRIBES WHAT HAPPENS WHEN A CONFLICT IS SUSPECTED OR REPORTED. ANY POSSIBLE CONFLICT OF INTEREST SHALL BE DISCLOSED TO THE PRESIDENT OF THE ASSOCIATION, OR TO ANOTHER OFFICER OR TO THE BOARD, AS CIRCUMSTANCES REQUIRE, BY THE INTERESTED PERSON OR ANY OTHER KNOWLEDGEABLE MEMBER OF THE BOARD OR STAFF MEMBER OF AMERICAN FOREIGN SERVICE ASSOCIATION. WHERE ANY SUCH CONFLICT OF INTEREST IS RELEVANT TO A MATTER REQUIRE ACTION BY THE BOARD, THE POTENTIAL CONFLICT OF INTEREST SHALL BE DISCLOSED TO THE BOARD PRIOR TO ANY VOTE ON THE MATTER. THE INTERESTED PERSON SHALL NOT VOTE ON SUCH MATTER, PARTICIPATE IN DELIBERATIONS CONCERNING IT, OR USE PERSONAL INFLUENCE IN ANY WAY IN THE MATTER. THE INTERESTED PERSON SHALL NOT COUNT TOWARD THE QUORUM OR ANY VOTE ON THE MATTER. THE MINUTES OF THE MEETING SHALL REFLECT THAT THE CONFLICT OF INTEREST WAS DISCLOSED AND THAT THE INTERESTED PERSON WAS NOT PRESENT DURING THE FINAL DISCUSSIONS OR VOTE AND DID NOT VOTE. FORM 990, PART VI, SECTION C, LINE 19 THE BYLAWS ARE POSTED ON THE ORGANIZATION'S WEBSITE AND THE CONFLICT OF INTEREST POLICY IS AVAILABLE FOR VIEWING AT THE ORGANIZATION'S OFFICE OR UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL TRUST 134,943. FORM 990, PART XII, LINE 2C THERE HAVE BEEN NO CHANGES TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESS DURING THE CURRENT YEAR. AMERICAN FOREIGN SERVICE ASSOCIATION 2101 E STREET NW WASHINGTON DC 20037 530173091 MEMBER SERVICES DC 501(C)(5) N/A N/A 0 FUND FOR AMERICAN DIPLOMACY 2101 E STREET NW WASHINGTON DC 20037 526078372 OUTREACH ACTIVITIES DC 501(C)(3) LINE 12A, I AMERICAN FOREIGN SERVICE ASSOCIATION 0 AMERICAN FOREIGN SERVICE ASSOCIATION - PAC 2101 E STREET NW WASHINGTON DC 20037 043620266 PAC DC 527 N/A AMERICAN FOREIGN SERVICE ASSOCIATION 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 AMERICAN FOREIGN SERVICE ASSOCIATION P 395500 FAIR VALUE