Foreign Policy Association Incorporated

Tax-deductible

New York, NY501(c)(3)Since 1928InternationalEIN 13-1624007Revenue $5.0M in FY2024

On file with the IRSfpa.org551 5th Ave Rm 3000, 10176-3201 · New York, NYTax-exempt since Apr 1929Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
Run by 75 volunteers and 15 employees.
Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $430K a year · 9% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.4M
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $75K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.4M
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
47
of 49 voting members
Looks good: 47 of 49 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.0M
-18% vs prior year
Spent
$5.0M
To programs
78%
Net assets
$6.7M
By yearFY2020–FY2024
Revenue
$5.0M
FY2024▼ -18%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.1M
FY2021$4.3M
FY2022$4.7M
FY2023$5.0M
FY2024$6.1M
FY2024$5.0M
Expenses
$5.0M
FY2024▲ +0.7%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.1M
FY2021$3.9M
FY2022$4.3M
FY2023$4.9M
FY2024$5.0M
FY2024$5.0M
Net assets
$6.7M
FY2024+0.1%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.4M
FY2021$4.9M
FY2022$5.1M
FY2023$5.4M
FY2024$6.7M
FY2024$6.7M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1929.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $3.9M Management & general 14% · $717K Fundraising 7% · $366K

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

60 people listed on the 990; $1.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$850,740Pt VII · Sec A
Chief Financial & Admin. O
$400,461Pt VII · Sec A
Chief Info. Officer
$106,553Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Noel V Lateef’s $851K as President & CEO is at the 100th percentile of top reported officer pay among 1168 $1–10M 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 · 5 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Noel V Lateef$850,740—————
Noel Lateef—$826,293$777,455$773,132$661,329$700,740
Daniel McKevitt$400,461$385,461$363,057$350,307$309,922$313,380
Karen Rohan—$162,644$159,425$157,845$158,558$148,939
Liam King$106,553$101,553$101,741———

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 Foreign Policy Association Incorporated executive salaries →

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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

Educates Americans on global affairs through public programs and resources.

Provided by the organization

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3 programs · $3.9M · in their own filed words · FY2024
01

Community and Educational Programs

See schedule o

$1.5Mprogram expense
02

Meetings & events- see schedule o

$1.3Mprogram expense
03

Educational publications- see schedule o

$1.1Mprogram 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
Total grants receivedfrom 1 funder$75K
Grants paid · 8 grants · $142K · 2019–2024
Global MinnesotaMN · FY2024$10,000
World Affairs Councils of AmericaFY2022$10,000
Unitemized GrantFY2021$9,650
Unitemized GrantFY2020$33,400
Unitemized GrantFY2019$59,330
Global MinnesotaMN · FY2019$1

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$5.0M
Ln 12
Gifts and grantsLn 1h$4.0M
Other incomeLn 4–11$642K
Fees for servicesLn 2g$189K
Money outPt IX
$5.0M
Ln 25
Programscol B$3.9M
Managementcol C$717K
Fundraisingcol D$366K
Owns and owesPt X
$6.7M
net assets · Ln 32
Cash and savingsLn 1–2$2.6M
Total assetsLn 16$11.1M
LiabilitiesLn 26$4.4M
PeoplePt VI, VII
60
listed · VII A
PaidVII A3
Voting boardVI 1a49
IndependentVI 1b47
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.0M
Noncash giftsLn 1g$2K
Fees for servicesLn 2g$189K
Investment incomeLn 3$99K
Other incomeLn 4–11$642K
Gains on assetsLn 7$29K
Total revenueLn 12$5.0M
Assets in detailPt X, end of year
CashLn 1$296K
SavingsLn 2$2.3M
Cash and savings togetherLn 1–2$2.6M
InvestmentsLn 11–13$769K
Land, buildings, equipmentLn 10c$72K
Other assetsLn 15$3.3M
Total assetsLn 16$11.1M
LiabilitiesLn 26$4.4M
Net assetsLn 32$6.7M
OperationsPt I, VI
EmployeesI 515
VolunteersI 675
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.4M$2.6M
InvestmentsLn 11–13$713K$769K
Land, buildings, equipmentLn 10c$22K$72K
Total assetsLn 16$11.4M$11.1M
LiabilitiesLn 26$4.7M$4.4M
Net assetsLn 32$6.7M$6.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$20K$20K
Pay of current officers, directors and key staffLn 5$1.4M$672K$511K$230K
Pay of disqualified personsLn 6$181K$181K
Other salaries and wagesLn 7$796K$680K$70K$46K
Pension plan contributionsLn 8$78K$68K$7K$2K
Other employee benefitsLn 9$234K$211K$13K$11K
Payroll taxesLn 10$121K$89K$22K$10K
Legal feesLn 11b$12K$3K$10K
Accounting feesLn 11c$31K$31K
Investment management feesLn 11f$6K$6K
Other fees for servicesLn 11g$227K$224K$441$2K
Advertising and promotionLn 12$41K$41K
Office expensesLn 13$151K$124K$9K$18K
Information technologyLn 14$135K$133K$792$2K
OccupancyLn 16$430K$377K$31K$23K
TravelLn 17$45K$28K$2K$16K
Conferences, conventions and meetingsLn 19$837K$837K
Depreciation, depletion and amortizationLn 22$8K$7K$185$1K
InsuranceLn 23$39K$34K$3K$2K
Other expenses (24a–d)Ln 24$189K$184K$2K$4K
Total functional expensesLn 25$5.0M$3.9M$717K$366K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $6.1M$5.0M$1.1M$6.7M 990 PDF
FY2023 $5.0M$4.9M$156K$5.4M 990 PDF
FY2022 $4.7M$4.3M$439K$5.1M 990 PDF
FY2021 $4.3M$3.9M$390K$4.9M 990 PDF
FY2020 $4.1M$4.1M$22K$4.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $4,976,829 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,144,857$4,046,766
I-9 Program service revenuePrior year $220,708$189,485
I-10 Investment incomePrior year $93,268$99,049
I-11 Other revenuePrior year $644,895$641,529
I-12 Total revenuePrior year $6,103,728$4,976,829
I-13 Grants and similar amounts paidPrior year $11,000$20,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,683,854$2,822,245
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,265,061$2,153,499
I-18 Total expensesPrior year $4,959,915$4,995,744
I-19 Revenue less expensesPrior year $1,143,813−$18,915
Part VI · Governance 47 of 49 board members independent, no flags
VI-1a Voting members of the governing body49
VI-1b Independent voting members47
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
Part VIII · Statement of revenue $4,976,829 across 8 lines filed
Lines not itemized here account for $641,529 of total revenue; see the IRS return.
VIII-1b Membership dues$40,935
VIII-1f All other contributions, gifts and grants$4,005,831
VIII-1g Noncash contributions (included above)$2,349
VIII-1h Total contributions, gifts and grants$4,046,766
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $189,485$189,485
VIII-3 Investment incomeExcluded from tax $70,082$70,082
VIII-7 Net gain or loss on sales of assetsExcluded from tax $28,967$28,967
VIII-12 Total revenueRelated to mission $831,014 · Unrelated business $0 · Excluded from tax $99,049$4,976,829
Part IX · Statement of functional expenses $4,995,744 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $20,000$20,000
IX-5 Pay of current officers, directors and key staffPrograms $671,688 · Management $511,093 · Fundraising $229,893$1,412,674
IX-6 Pay of disqualified personsPrograms $181,024$181,024
IX-7 Other salaries and wagesPrograms $680,297 · Management $69,924 · Fundraising $45,596$795,817
IX-8 Pension plan contributionsPrograms $68,008 · Management $7,187 · Fundraising $2,425$77,620
IX-9 Other employee benefitsPrograms $211,175 · Management $12,749 · Fundraising $10,533$234,457
IX-10 Payroll taxesPrograms $89,015 · Management $21,948 · Fundraising $9,690$120,653
IX-11b Legal feesPrograms $2,920 · Management $9,515$12,435
IX-11c Accounting feesManagement $31,200$31,200
IX-11f Investment management feesManagement $6,401$6,401
IX-11g Other fees for servicesPrograms $224,239 · Management $441 · Fundraising $1,945$226,625
IX-12 Advertising and promotionPrograms $41,226$41,226
IX-13 Office expensesPrograms $124,158 · Management $8,966 · Fundraising $17,584$150,708
IX-14 Information technologyPrograms $132,790 · Management $792 · Fundraising $1,767$135,349
IX-16 OccupancyPrograms $376,659 · Management $30,586 · Fundraising $23,129$430,374
IX-17 TravelPrograms $27,760 · Management $1,534 · Fundraising $15,689$44,983
IX-19 Conferences, conventions and meetingsPrograms $837,228$837,228
IX-22 Depreciation, depletion and amortizationPrograms $6,874 · Management $185 · Fundraising $1,260$8,319
IX-23 InsurancePrograms $34,091 · Management $3,157 · Fundraising $2,232$39,480
IX-24 Other expenses (24a–d)Programs $183,546 · Management $1,586 · Fundraising $4,039$189,171
IX-25 Total functional expensesPrograms $3,912,698 · Management $717,264 · Fundraising $365,782$4,995,744
Part X · Balance sheet $11,146,841 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $314,605$296,209
X-2 Savings and temporary cash investmentsStart of year $1,095,710$2,285,836
X-3 Pledges and grants receivableStart of year $5,263,471$4,069,460
X-4 Accounts receivableStart of year $105,284$152,812
X-8 Inventories for sale or useStart of year $260,773$218,823
X-9 Prepaid expenses and deferred chargesStart of year $55,832$13,427
X-10c Land, buildings and equipment, netStart of year $22,287$72,304
X-11 Publicly traded securitiesStart of year $713,051$769,136
X-15 Other assetsStart of year $3,575,703$3,268,834
X-16 Total assetsStart of year $11,406,716$11,146,841
X-17 Accounts payable and accrued expensesStart of year $807,222$842,377
X-19 Deferred revenueStart of year $53,121$53,166
X-25 Other liabilitiesStart of year $3,857,832$3,553,097
X-26 Total liabilitiesStart of year $4,718,175$4,448,640
X-27 Net assets without donor restrictionsStart of year $754,838$758,721
X-28 Net assets with donor restrictionsStart of year $5,933,703$5,939,480
X-32 Total net assets or fund balancesStart of year $6,688,541$6,698,201
X-33 Total liabilities and net assetsStart of year $11,406,716$11,146,841
Part XI · Reconciliation of net assets $6,698,201 net assets at year end
XI-1 Total revenue$4,976,829
XI-2 Total expenses$4,995,744
XI-3 Revenue less expenses−$18,915
XI-4 Net assets at start of year$6,688,541
XI-5 Net unrealized gains (losses) on investments$28,575
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,698,201

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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