Pan Atlantic Foundation FY2020 filing

Tax-deductible

Portland, ME501(c)(3)InternationalEIN 81-1184761Revenue $1.5M in FY2020

On file with the IRSpanatlanticfoundation.org1 Union St Ste 202, 04101-4048 · Portland, METax-exempt since Mar 2016Publicly supported — 509(a)(2)

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Organization was formed and has become designated by the US department of state, bureau of educational and cultural affairs, as a j-1 visa sponsor in the secondary school category in accordance with 22 cfr sec 62.25. Paf will operate exchange visitor programs under which foreign secondary school students are afforded the opportunity to study in the united states at accredited public or private schools while living with a host family or residing at accredited boarding school.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$312K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
4 of 5
filings with a surplus
Average surplus $223K a year · 6% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 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
$312K
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$717K
76% of total assets
Worth a look: liabilities are 76% of assets; over 65%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
Spent
$1.5M
To programs
98%
Net assets
$227K
By yearFY2020–FY2024
Revenue
$1.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$3.7M
FY2022$4.7M
FY2023$4.4M
FY2024$4.8M
Expenses
$1.5M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.5M
FY2021$3.2M
FY2022$4.2M
FY2023$4.3M
FY2024$4.7M
Net assets
$227K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$227K
FY2021$662K
FY2022$1.1M
FY2023$1.2M
FY2024$1.4M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2016.

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% · $1.5M Management & general 2% · $24K

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

4 people listed on the 990; $312K paid to officers and key staff.

Part VII, Section A · reportable compensation
Vice Preside
$160,885Pt VII · Sec A
$151,122Pt VII · Sec A
$0Pt VII · Sec A
Treasurer/Se
$0Pt VII · Sec A

John Spencer Jones’s $437K as President is at the 99th 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
John Spencer Jones$437,158$449,706$355,000$156,200$151,122
Vickie McCormack$256,482$263,081$260,136$162,400$160,885
Laura Whelan$191,590$190,626$177,732$115,600—

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 Pan Atlantic Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Sponsors foreign students to study in US schools and live with host families.

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Provided by the organization

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1 program · $1.5M · in their own filed words · FY2020
01

Organization was formed and has become designated by the us department of state, bureau of educational and cultural affairs, as a j-1 visa sponsor in the secondary school category in accordance with 22 CFR sec 62.25.

$1.5Mprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Fees for servicesLn 2g$1.2M
Gifts and grantsLn 1h$260K
Investment incomeLn 3$1K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.5M
Managementcol C$24K
Owns and owesPt X
$227K
net assets · Ln 32
Cash and savingsLn 1–2$859K
Total assetsLn 16$944K
LiabilitiesLn 26$717K
PeoplePt VI, VII
4
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$260K
Government grantsLn 1e$260K
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$1K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$83K
SavingsLn 2$776K
Cash and savings togetherLn 1–2$859K
Total assetsLn 16$944K
LiabilitiesLn 26$717K
Net assetsLn 32$227K
OperationsPt I, VI
EmployeesI 516
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 FY20End FY20
Cash and savingsLn 1–2$577K$859K
Total assetsLn 16$634K$944K
LiabilitiesLn 26$386K$717K
Net assetsLn 32$248K$227K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$310K$302K$8K
Other salaries and wagesLn 7$488K$488K
Pension plan contributionsLn 8$19K$19K$225
Other employee benefitsLn 9$72K$71K$539
Payroll taxesLn 10$62K$62K$501
Legal feesLn 11b$830$830
Accounting feesLn 11c$21K$10K$10K
Other fees for servicesLn 11g$2K$2K$15
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$7K$7K$63
Information technologyLn 14$14K$14K
OccupancyLn 16$21K$21K$199
TravelLn 17$821$821
Conferences, conventions and meetingsLn 19$16K$16K
InterestLn 20$2K$2K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$407K$407K
All other expensesLn 24e$65K$64K$2K
Total functional expensesLn 25$1.5M$1.5M$24K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.8M$4.7M$185K$1.4M 990 PDF
FY2023 $4.4M$4.3M$97K$1.2M 990 PDF
FY2022 $4.7M$4.2M$419K$1.1M 990 PDF
FY2021 $3.7M$3.2M$435K$662K 990 PDF
FY2020 Viewing $1.5M$1.5M−$21K$227K 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 FY2020 990 (6 parts)
Part I · Summary $1,492,693 revenue, 12 lines filed
I-8 Contributions and grants$259,800
I-9 Program service revenuePrior year $2,739,991$1,231,599
I-10 Investment incomePrior year $8,137$1,294
I-11 Other revenue$0
I-12 Total revenuePrior year $2,748,128$1,492,693
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $969,983$950,214
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,761,475$563,336
I-18 Total expensesPrior year $2,731,458$1,513,550
I-19 Revenue less expensesPrior year $16,670−$20,857
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
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 $1,492,693 across 5 lines filed
VIII-1e Government grants$259,800
VIII-1h Total contributions, gifts and grants$259,800
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,231,599$1,231,599
VIII-3 Investment incomeExcluded from tax $1,294$1,294
VIII-12 Total revenueRelated to mission $1,231,599 · Excluded from tax $1,294$1,492,693
Part IX · Statement of functional expenses $1,513,550 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $302,151 · Management $7,556$309,707
IX-7 Other salaries and wagesPrograms $487,775$487,775
IX-8 Pension plan contributionsPrograms $18,796 · Management $225$19,021
IX-9 Other employee benefitsPrograms $70,965 · Management $539$71,504
IX-10 Payroll taxesPrograms $61,706 · Management $501$62,207
IX-11b Legal feesManagement $830$830
IX-11c Accounting feesPrograms $10,400 · Management $10,400$20,800
IX-11g Other fees for servicesPrograms $1,610 · Management $15$1,625
IX-12 Advertising and promotionPrograms $4,944$4,944
IX-13 Office expensesPrograms $6,588 · Management $63$6,651
IX-14 Information technologyPrograms $13,871$13,871
IX-16 OccupancyPrograms $20,947 · Management $199$21,146
IX-17 TravelPrograms $821$821
IX-19 Conferences, conventions and meetingsPrograms $16,345$16,345
IX-20 InterestPrograms $2,025$2,025
IX-23 InsuranceManagement $1,686$1,686
IX-24 Other expenses (24a–d)Programs $407,401$407,401
IX-24e All other expensesPrograms $63,592 · Management $1,599$65,191
IX-25 Total functional expensesPrograms $1,489,937 · Management $23,613 · Fundraising $0$1,513,550
Part X · Balance sheet $943,782 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $119,340$82,794
X-2 Savings and temporary cash investmentsStart of year $457,962$776,224
X-4 Accounts receivableStart of year $56,465$76,196
X-9 Prepaid expenses and deferred charges$8,568
X-16 Total assetsStart of year $633,767$943,782
X-17 Accounts payable and accrued expensesStart of year $227,329$74,823
X-24 Unsecured notes and loans payable$500,000
X-25 Other liabilitiesStart of year $51,291$55,471
X-26 Total liabilitiesStart of year $385,669$716,541
X-27 Net assets without donor restrictionsStart of year $248,098$227,241
X-32 Total net assets or fund balancesStart of year $248,098$227,241
X-33 Total liabilities and net assetsStart of year $633,767$943,782
Part XI · Reconciliation of net assets $227,241 net assets at year end
XI-1 Total revenue$1,492,693
XI-2 Total expenses$1,513,550
XI-3 Revenue less expenses−$20,857
XI-4 Net assets at start of year$248,098
XI-10 Net assets at end of year$227,241

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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