Federation of Protestant Welfare Agencies Inc

Nonprofit profile at a glance

EIN
135562220
IRS 990 coverage
2011–2025
Forms available
Form 990 2025, Form 990-T 2025
Location
New York, NY, USA
Phone
2127774800
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Federated Giving Programs

Official website

Reported finances

Revenue
$4,587,791
Expenses
$7,826,129
Assets
$83,974,338
Liabilities
$10,012,763

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

22 people listed

Executive titles in this filing

  • ALEXANDROS HATZAKIS (ASSOCIATE EXECUTIVE DIRECTOR)
  • JENNIFER JONES AUSTIN (CEO & EXECUTIVE DIRECTOR)

Highest reported compensation

  • JENNIFER JONES AUSTIN (CEO & EXECUTIVE DIRECTOR): $510,147 total reported compensation
  • FRANK DIMAIUTA (CHIEF FINANCIAL OFFICER): $357,086 total reported compensation
  • ALEXANDROS HATZAKIS (ASSOCIATE EXECUTIVE DIRECTOR): $345,802 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The federation of protestant welfare agencies (fpwa) dismantles the structural and systemic barriers that impede economic security and well-being, and strengthens the capacity of human services agencies and faith organizations so new yorkers with lower income can thrive.

What it reported doing in 2025

Policy, advocacy, and research: fpwa's work addresses the needs of new yorkers with lower incomes, ensuring that there are increasing opportunities for economic security and mobility. Fpwa conducts research and analysis to inform its policy agenda and mobilizes its network to advocate for targeted investments in policies that meaningfully dismantle the systemic and structural barriers that maintain economic deprivation. Fpwa educates leaders and decision-makers, ensuring the needs of our member agencies and the communities they serve are heard in the legislative process.

Operating model

Revenue model
Investment-supported. 62% of the money available for current operations came from recurring investment income.
Distribution model
Direct operator. The filing allocates 95% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 70
  • Accountability: 95
  • Sustainability: 33
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 69.4%; rating input score 69
  • Fundraising efficiency: $1.94 raised per $1 spent on fundraising; rating input score 4; 4th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 75th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -70.6%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 10.73; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0.12; rating input score 45; 45th percentile among comparable filings
  • Officer compensation ratio: 27%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: 2.4% per year; rating input score 100; 21st percentile among comparable filings
  • Revenue growth: -4.1% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: 3.5% per year; rating input score 100; 25th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 69.4% of spending went to programs
  • Governance: 12 of 12 board members independent · 8 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $5.4M in reported program spending
  • Leadership: top reported pay $510K · 22 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $230K reported
  • Consistency: 37 of 37 current checks pass
  • Schedules: 9 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 15 filing years from 2011 to 2025
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 4/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 9/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 45/100.