The Foundation for AIDS Research
Nonprofit profile at a glance
- EIN
- 133163817
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 2128061600
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Health
Reported finances
- Revenue
- $34,783,944
- Expenses
- $33,341,549
- Assets
- $57,990,840
- Liabilities
- $20,919,426
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
30 people listed
Executive titles in this filing
- KEVIN FROST (CHIEF EXECUTIVE OFFICER)
- KYLE CLIFFORD (VICE PRESIDENT OF DEVELOPMENT)
- ANNETTE SOHN (VICE PRESIDENT, TREAT ASIA)
- GREGORIO MILLET (VICE PRESIDENT, PUBLIC POLICY)
- ANTHONY ANCONA (VICE PRESIDENT OF HUMAN RESOURCES)
Highest reported compensation
- KEVIN FROST (CHIEF EXECUTIVE OFFICER): $677,567 total reported compensation
- BRADLEY JENSEN ASSISTANT (TREASURER/CFO, THRU JULY 2025): $467,806 total reported compensation
- GREGORIO MILLET (VICE PRESIDENT, PUBLIC POLICY): $416,078 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See schedule o
What it reported doing in 2024
Treat asiathe asia-pacific region is home to nearly 7 million people living with HIV, the world's largest epidemic after that in eastern and southern africa, with 23% of all new infections globally. Treatment coverage varies significantly across the region, where people living with and at risk for HIV are also challenged by co-infections such as hepatitis, tuberculosis, and mental health issues. With its network of 21 adult and 18 pediatric sites in 12 countries across the region, amfar's treat asia program brings researchers, health professionals, and advocates together to improve standards of care, expand access to treatment and prevention, and support community-led monitoring of health needs across the region. Championing database-driven researchtreat asia manages the asia-pacific section of the international epidemiology databases to evaluate AIDS (iedea), a global collaboration established by the u.s. National institute of allergy and infectious diseases. Iedea is central to the international research in which treat asia participates, ranging from studies on treatment outcomes, cancer screening, and clinical outcomes of pulmonary tb, to mental health challenges faced by adolescents living with HIV. The information gathered from treat asia's observational research databases continues to inform the development of more effective research and treatment programs and help define treatment standards specific to HIV/AIDS in asia along the continuum of care. These data also inform studies on lymphoma, hepatitis, substance use, and alzheimer's disease, among other conditions. Other major database and cohort studies are focusing on HIV treatment failure; management and outcomes of HIV and tb; and mental health screening and linkage to care strategies.supporting adolescent health researchfor adolescents across southeast asia, who represent about 30% of the global adolescent population, the challenge to stay healthy is compounded by health systems that sometimes lack the capacity to address their needs.in response to these gaps, treat asia, in collaboration with longstanding partner chulalongkorn university's school of global health in bangkok, organized an adolescent health and research meeting, a training workshop designed to strengthen adolescent health services and research capacity across southeast asia, in september 2025.treat asia is a leader in research focused on younger people living with HIV, some of whom acquired HIV perinatally. Studies focused on adolescents living with and at risk for HIV address mental health collaborative care, cannabis use, human papillomavirus and cancer risk, and the associations between risk-taking behavior and brain health. Three multi-year studies are described below.thai-papaya (thai program to actively follow perinatal adolescents and young adults living with HIV): implemented in five sites in thailand, this study examines long-term HIV treatment outcomes of adolescents and young adults living with HIV, including retention in care, mortality, health-related quality of life, and sexual and reproductive health, among other issues. Sub-studies on cardiovascular disease, stigma around healthcare transitions, and best practices for helping younger people transition into adult care are also being conducted.suicidal behavior among thai adolescents living with HIV (s-betah): this prospective cohort study aims to determine the prevalence of mental health disorders and suicidal behavior following positive screening and linkage to mental health services. A follow-up phase is assessing the prevalence and incidence of suicidality among this population compared with their HIV-negative age- and sex-matched counterparts. Adolescent and young adult network of iedea (ayani): focusing on adolescents aged 1524 years old, this global study assesses care transitions, co-morbidities, mental health challenges, and factors impacting treatment adherence, viral suppression, care engagement, and mortality. Ten multiregio
Operating model
- Revenue model
- Donor-supported. 77% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 74% for direct work, and 26% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
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: 67
- Transparency & Controls: 79
- Accountability: 100
- Sustainability: 47
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71%; rating input score 71
- Program expense ratio: 72.3%; rating input score 72
- Fundraising efficiency: $7.65 raised per $1 spent on fundraising; rating input score 31; 31st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: 3 of 8 controls in place; rating input score 38
- Claims monitoring procedures: Pass
- Requires narrative reports: Pass
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Pass
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 99.9%; rating input score 100; 38th 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; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 4.1%; rating input score 51; 51st percentile among comparable filings
- Total-asset coverage ratio: 1.74; rating input score 57; 57th percentile among comparable filings
- Liabilities to assets ratio: 0.36; rating input score 40; 40th percentile among comparable filings
- Officer compensation ratio: 12.9%; rating input score 12; 12th percentile among comparable filings
Growth
- Program expense growth: -3.8% per year; rating input score 0; 4th percentile among comparable filings
- Revenue growth: -1% per year; rating input score 0; 6th percentile among comparable filings
- Asset growth: 1.4% per year; rating input score 100; 15th percentile among comparable filings
Details
- Where the money goes: 71% of revenue deployed · 72.3% of spending went to programs
- Governance: 14 of 14 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $24.1M in reported program spending
- Leadership: top reported pay $678K · 30 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3.4M reported
- Consistency: 45 of 45 current checks pass
- Schedules: 10 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 31 filed money-flow records
- Related organizations: 18 filed related-organization links
- 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.
- Moderate — Transparency & Controls: Foreign activity oversight: 5 of 8 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 31/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Operating margin scored 51/100.
- Review — Sustainability: Total-asset coverage ratio scored 57/100.
- High — Sustainability: Officer compensation ratio scored 12/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 40/100.