The Association of Foreign Press Corresp in the USA (Afpc-USA)

Nonprofit profile at a glance

EIN
834247897
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
6468536978
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Nonmonetary Support N.E.C.

Official website

Reported finances

Revenue
$864,223
Expenses
$760,771
Assets
$442,763
Liabilities
$2,375

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • STORER H ROWLEY (VICE PRESIDENT/DIRECTOR)
  • ATHANASIOS K D KOTSIDIS (EXECUTIVE DIRECTOR)

Highest reported compensation

  • ATHANASIOS K D KOTSIDIS (EXECUTIVE DIRECTOR): $217,475 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The assocn. Of foreign press corrs. USA serves the community of international correspondents in the u.s. Through educational programs, educational publications, and the production of educational content, as well as scholarships, excellence awards, and press freedom grants, promoting public understanding of the vital role of foreign correspondents and the need to protect press freedom.

What it reported doing in 2024

The educational publications and original content produced by the foreign press correspondents' platforms equip international correspondents with the knowledge, analytical tools, and professional guidance essential for excellence in global reporting. These initiatives directly advance the association's mission to strengthen professional standards, uphold journalistic integrity, and defend press freedom. Through the creation and dissemination of educational materials, expert interviews, and in-depth analysis, the organization provides correspondents with reliable information, educational resources, and continuous professional development opportunities. By amplifying diverse journalistic perspectives and promoting ethical reporting practices, these efforts reinforce public understanding of the indispensable role of international correspondents and the protection of press freedom as a foundation of democracy.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 92% 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. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 71
  • Accountability: 90
  • Sustainability: 48
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73%; rating input score 73
  • Program expense ratio: 82.9%; rating input score 83
  • Fundraising efficiency: $11.5 raised per $1 spent on fundraising; rating input score 42; 42nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th 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: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 12%; rating input score 65; 65th percentile among comparable filings
  • Total-asset coverage ratio: 0.58; rating input score 27; 27th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 73; 73rd percentile among comparable filings
  • Officer compensation ratio: 28.6%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: 34.8% per year; rating input score 100; 92nd percentile among comparable filings
  • Revenue growth: 28.8% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 28.1% per year; rating input score 100; 89th percentile among comparable filings

Details

  • Where the money goes: 73% of revenue deployed · 82.9% of spending went to programs
  • Governance: 11 of 11 board members independent · 6 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $631K in reported program spending
  • Leadership: top reported pay $217K · 12 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 6 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 4 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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: Pay-setting controls scored 0/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 42/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Total-asset coverage ratio scored 27/100.
  • High — Sustainability: Officer compensation ratio scored 8/100.