Americares Foundation INC FY2021 filing

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501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$6.7M paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $21.1M a year · 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$6.7M
to officers and key staff · 0.5% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $50.1M in investments, Pt X · Ln 11–13
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $444K
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$17.6M
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
22
of 23 voting members
Looks good: 22 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2B
-14% vs prior year
Spent
$1.3B
To programs
98%
Net assets
$362.8M
By yearFY2020–FY2025
Revenue
$1.2B
FY2021▼ -14%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4B
FY2021$1.2B
FY2022$1.4B
FY2023$1.6B
FY2024$2.0B
FY2025$1.9B
Expenses
$1.3B
FY2021▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2B
FY2021$1.3B
FY2022$1.4B
FY2023$1.5B
FY2024$2.0B
FY2025$1.9B
Net assets
$362.8M
FY2021▼ -11%
Tap a bar for its year
Net assets by fiscal year
FY2020$407.4M
FY2021$362.8M
FY2022$310.7M
FY2023$361.2M
FY2024$387.0M
FY2025$340.7M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1979.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $1.3B Management & general 1% · $8.0M Fundraising 1% · $13.4M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

80 people listed on the 990; $6.7M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President/CEO
$429,560Pt VII · Sec A
President/CEO
$429,560Pt VII · Sec A
CFO, Treasurer, SVP, Gik Operations
$273,593Pt VII · Sec A
CFO, Treasurer, SVP, Gik Operations
$273,593Pt VII · Sec A
CMO & SVP, Communications
$272,943Pt VII · Sec A
CMO & SVP, Communications
$272,943Pt VII · Sec A
Senior VP, Human Resources
$228,261Pt VII · Sec A
Senior VP, Human Resources
$228,261Pt VII · Sec A

Christine Squires’s $554K as President/CEO is at the 68th percentile of top reported officer pay among 88 $100M+ international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Christine Squires$554,209$574,695$550,579$476,587$429,560$314,627
Michael J Nyenhuis—————$438,323
Richard K Trowbridge JR$340,123$305,811$293,317$283,143$273,593$265,442
M Rashad Massoud Mdmphfacp——$292,820$328,512$98,451—
Elana Lopez$325,065$328,266$295,363$129,849——
Jenny Goldstein$312,720$313,508$285,394$256,267$209,131—
Julie Varughese$311,284$305,447$236,937$187,036$166,780$161,836
Jed Selkowitz——$280,588$281,046$272,943$265,075

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Americares Foundation INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Delivers medicine, medical supplies, and emergency health programs to people affected by poverty, disasters, and crises worldwide.

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4 programs · $2.5B · in their own filed words · FY2020
01

See schedule o

$1.2Bprogram expense
02

See schedule o

$1.2Bprogram expense
03

See schedule o

$47.3Mprogram expense
04

See schedule o

$47.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 11 funders →
Grants paid · 718 grants · $25.2M · 2019–2024
Medical Mission AdventuresFY2024$300,427
Caresouth Carolina INCSC · FY2024$240,000
Medglobal INCIL · FY2024$185,000
Headington InstituteCA · FY2024$150,000
High Country Community HealthNC · FY2024$120,000
Mayfield Graves Ltrg INCKY · FY2024$100,000
Aloha House INCHI · FY2024$88,000
Maui A I D S FoundationHI · FY2024$81,000
Hispanola Health PartnersCT · FY2024$80,643
Hui No Ke Ola Pono INCHI · FY2024$67,000
Of One Accord INCTN · FY2024$61,100
See all 718 grants →

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $3.1M federal money spent
Overseas Refugee Assistance Programs for Western HemisphereDepartment of State · ALN 19.518 · Direct$2.2M
Usaid Foreign Assistance for Programs OverseasU.S. Agency for International Development · ALN 98.001 · Direct$891K
Ocean Freight Reimbursement Program (ofr)U.S. Agency for International Development · ALN 98.003 · Direct$19K

The auditor reported no findings.

Year ending Jun 2024 · $8.1M federal money spent
Overseas Refugee Assistance Programs for Western HemisphereDepartment of State · ALN 19.518 · Direct$5.5M
Usaid Foreign Assistance for Programs OverseasU.S. Agency for International Development · ALN 98.001 · Direct$2.1M
Protecting and Improving Health Globally: Building and Strengthening Public Health Impact, Systems, Capacity and SecurityDepartment of Health and Human Services · ALN 93.318 · Direct$310K
Overseas Refugee Assistance Program for Middle East and North Africa ProgramDepartment of State · ALN 19.519 · Through American Near East Regugee Aid (anera)$183K
Ocean Freight Reimbursement Program (ofr)U.S. Agency for International Development · ALN 98.003 · Direct$60K

Plus 1 smaller program.

The auditor reported no findings.

Year ending Jun 2023 · $16.0M federal money spent
Overseas Refugee Assistance Programs for Western HemisphereDepartment of State · ALN 19.518 · Direct$7.1M
Usaid Foreign Assistance for Programs OverseasU.S. Agency for International Development · ALN 98.001 · Direct$5.8M
Overseas Refugee Assistance Program for Near East and South AsiaDepartment of State · ALN 19.519 · Through American Near East Refugee Aid (anera)$1.6M
Protecting and Improving Health Globally: Building and Strengthening Public Health Impact, Systems, Capacity and SecurityDepartment of Health and Human Services · ALN 93.318 · Direct$1.4M
Ocean Freight Reimbursement Program (ofr)U.S. Agency for International Development · ALN 98.003 · Direct$90K

Plus 1 smaller program.

The auditor reported no findings.

Year ending Jun 2022 · $13.2M federal money spent
Usaid Foreign Assistance for Programs OverseasU.S. Agency for International Development · ALN 98.001 · Direct$8.3M
Protecting and Improving Health Globally: Building and Strengthening Public Health Impact, Systems, Capacity and SecurityDepartment of Health and Human Services · ALN 93.318 · Direct$2.2M
Overseas Refugee Assistance Programs for Western HemisphereDepartment of State · ALN 19.518 · Direct$1.8M
Overseas Refugee Assistance Program for Near East and South AsiaDepartment of State · ALN 19.519 · Through American Near East Refugee Aid$752K
Ocean Freight Reimbursement Program (ofr)U.S. Agency for International Development · ALN 98.003 · Direct$121K

Plus 1 smaller program.

The auditor reported no findings.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.2B
Ln 12
Gifts and grantsLn 1h$1.2B
Investment incomeLn 3$3.1M
Fees for servicesLn 2g$1.1M
Money outPt IX
$1.3B
Ln 25
Programscol B$1.3B
Managementcol C$8.0M
Fundraisingcol D$13.4M
Owns and owesPt X
$362.8M
net assets · Ln 32
Cash and savingsLn 1–2$17.1M
Total assetsLn 16$380.4M
LiabilitiesLn 26$17.6M
PeoplePt VI, VII
80
listed · VII A
PaidVII A36
Voting boardVI 1a23
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2B
Government grantsLn 1e$12.8M
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$3.1M
Total revenueLn 12$1.2B
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$17.1M
Total assetsLn 16$380.4M
LiabilitiesLn 26$17.6M
Net assetsLn 32$362.8M
OperationsPt I, VI
EmployeesI 5283
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 4, 2026 $1.9B$1.9B−$47.7M$340.7M 990 PDF
FY2024Filed with the IRS May 15, 2025 $2.0B$2.0B$22.8M$387.0M 990 PDF
FY2023Filed with the IRS Apr 23, 2024 $1.6B$1.5B$47.9M$361.2M 990 PDF
FY2022 $1.4B$1.4B−$39.6M$310.7M 990 PDF
FY2021 ViewingFiled with the IRS May 26, 2022 $1.2B$1.3B−$49.4M$362.8M 990 PDF
FY2020Filed with the IRS Mar 22, 2021 $1.4B$1.2B$192.8M$407.4M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons A · Public support J · Pay O · Explanations
See the full FY2021 990 (1 part)
Part VI · Governance 22 of 23 board members independent, no flags
VI-1a Voting members of the governing body23
VI-1b Independent voting members22
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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