Foundation for Student Communicationinc
Nonprofit profile at a glance
- EIN
- 221926453
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Princeton, NJ, USA
- Phone
- 6092581111
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $677,604
- Expenses
- $593,763
- Assets
- $3,652,716
- Liabilities
- $45,163
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
46 people listed
Executive titles in this filing
- AKSHAT AGARWAL (PRESIDENT, THROUGH 2024. TRUSTEE, BEG. 2025)
- BRIAN ZHOU (PRESIDENT 2025, DIRECTOR OF TECHNOLOGY 2024)
- KEHAN CHECN (VICE PRESIDENT OF HUMAN RESOURCES 2025)
- NORA CHOI (VICE PRESIDENT OF CONTENT 2025)
- SUSAN CHEN (VICE PRESIDENT OF FINANCE 2025)
- TESS HUBBARD (VICE PRESIDENT OF MARKETING AND DESIGN 2025)
Highest reported compensation
- AKSHAT AGARWAL (PRESIDENT, THROUGH 2024. TRUSTEE, BEG. 2025): $9,620 total reported compensation
- BRIAN ZHOU (PRESIDENT 2025, DIRECTOR OF TECHNOLOGY 2024): $2,500 total reported compensation
- CHLOE ZHU (DIRECTOR OF CORPORATE CONTACTS 2025): $2,500 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Publication of business today magazine which is published by students for students. Also, conferences are held to educate the academic community in the philosophy, operation, and mechanics of the business and professional community.
What it reported doing in 2024
Conferences held to educate the academic community in the philosophy, operation and mechanics of the business & prof. Community, sponsored by corporations and attended by students & corporate leaders.
Operating model
- Revenue model
- Earned-program. 85% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 64
- Transparency & Controls: 90
- Accountability: 92
- Sustainability: 71
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 64.4%; rating input score 64
- Program expense ratio: 83.7%; rating input score 84
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 93.8%; rating input score 94; 25th 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: 12.4%; rating input score 66; 66th percentile among comparable filings
- Total-asset coverage ratio: 6.15; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 67; 67th percentile among comparable filings
- Officer compensation ratio: 3.3%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: -2.9% per year; rating input score 0; 10th percentile among comparable filings
- Revenue growth: -2.3% per year; rating input score 0; 8th percentile among comparable filings
- Asset growth: 4.3% per year; rating input score 100; 36th percentile among comparable filings
Details
- Where the money goes: 64.4% of revenue deployed · 83.7% of spending went to programs
- Governance: 15 of 16 board members independent · 8 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $497K in reported program spending
- Leadership: top reported pay $10K · 46 people listed
- Highest-paid contractors: 1 contractor listed · $183K reported
- Consistency: 25 of 25 current checks pass
- Schedules: 3 filed schedules
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 5 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Review — Sustainability: Officer compensation ratio scored 57/100.