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.
99¢ of each $1 spent went to programs.
$903K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$903K
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
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.5M
55% of total assets
Fine: liabilities are 55% of assets; 50% to 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
$4.4M
-6% vs prior year
Spent
$4.3M
To programs
99%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$4.4M
FY2023▼ -6%
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
$4.3M
FY2023▲ +0.8%
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
$1.2M
FY2023▲ +10%
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 FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

99 cents of each dollar spent went to programs.

Program services 99% · $4.2M Management & general 1% · $48K

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

5 people listed on the 990; $903K paid to officers and key staff.

Part VII, Section A · reportable compensation
$449,706Pt VII · Sec A
Vice Preside
$263,081Pt VII · Sec A
Senior Direc
$190,626Pt VII · Sec A
Treasurer/Se
$0Pt VII · Sec A
$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.

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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

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 · $4.2M · in their own filed words · FY2023
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.

$4.2Mprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$4.4M
Ln 12
Fees for servicesLn 2g$3.5M
Gifts and grantsLn 1h$710K
Investment incomeLn 3$113K
Money outPt IX
$4.3M
Ln 25
Programscol B$4.2M
Managementcol C$48K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$2.7M
LiabilitiesLn 26$1.5M
PeoplePt VI, VII
5
listed · VII A
PaidVII A3
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$710K
Government grantsLn 1e$710K
Fees for servicesLn 2g$3.5M
Investment incomeLn 3$113K
Gains on assetsLn 7$259
Total revenueLn 12$4.4M
Assets in detailPt X, end of year
CashLn 1−$1K
SavingsLn 2$1.6M
Cash and savings togetherLn 1–2$1.6M
InvestmentsLn 11–13$927K
Total assetsLn 16$2.7M
LiabilitiesLn 26$1.5M
Net assetsLn 32$1.2M
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 FY23End FY23
Cash and savingsLn 1–2$1.9M$1.6M
InvestmentsLn 11–13$487K$927K
Total assetsLn 16$2.7M$2.7M
LiabilitiesLn 26$1.6M$1.5M
Net assetsLn 32$1.1M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$903K$886K$18K
Other salaries and wagesLn 7$873K$873K
Pension plan contributionsLn 8$100K$99K$1K
Other employee benefitsLn 9$140K$139K$1K
Payroll taxesLn 10$107K$106K$1K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$44K$22K$22K
Other fees for servicesLn 11g$4K$4K$82
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$10K$9K$287
Information technologyLn 14$35K$35K
OccupancyLn 16$35K$34K$347
TravelLn 17$292K$292K
InterestLn 20$13K$13K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$1.7M$1.7M$1K
All other expensesLn 24e$2K$2K$64
Total functional expensesLn 25$4.3M$4.2M$48K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.8M$4.7M$185K$1.4M 990 PDF
FY2023 Viewing $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 $1.5M$1.5M−$21K$227K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $4,366,558 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $152,846$709,637
I-9 Program service revenuePrior year $4,464,114$3,544,118
I-10 Investment incomePrior year $37,027$112,803
I-11 Other revenue$0
I-12 Total revenuePrior year $4,653,987$4,366,558
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,004,287$2,123,485
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,230,536$2,146,405
I-18 Total expensesPrior year $4,234,823$4,269,890
I-19 Revenue less expensesPrior year $419,164$96,668
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 $4,366,558 across 6 lines filed
VIII-1e Government grants$709,637
VIII-1h Total contributions, gifts and grants$709,637
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,544,118$3,544,118
VIII-3 Investment incomeExcluded from tax $112,544$112,544
VIII-7 Net gain or loss on sales of assetsRelated to mission $259$259
VIII-12 Total revenueRelated to mission $3,544,377 · Excluded from tax $112,544$4,366,558
Part IX · Statement of functional expenses $4,269,890 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $885,650 · Management $17,763$903,413
IX-7 Other salaries and wagesPrograms $872,857$872,857
IX-8 Pension plan contributionsPrograms $99,384 · Management $1,004$100,388
IX-9 Other employee benefitsPrograms $138,541 · Management $1,399$139,940
IX-10 Payroll taxesPrograms $105,818 · Management $1,069$106,887
IX-11b Legal feesManagement $1,448$1,448
IX-11c Accounting feesPrograms $21,887 · Management $21,888$43,775
IX-11g Other fees for servicesPrograms $3,844 · Management $82$3,926
IX-12 Advertising and promotionPrograms $7,313$7,313
IX-13 Office expensesPrograms $9,274 · Management $287$9,561
IX-14 Information technologyPrograms $35,058$35,058
IX-16 OccupancyPrograms $34,332 · Management $347$34,679
IX-17 TravelPrograms $292,362$292,362
IX-20 InterestPrograms $13,403$13,403
IX-23 InsuranceManagement $1,778$1,778
IX-24 Other expenses (24a–d)Programs $1,699,882 · Management $1,085$1,700,967
IX-24e All other expensesPrograms $2,071 · Management $64$2,135
IX-25 Total functional expensesPrograms $4,221,676 · Management $48,214 · Fundraising $0$4,269,890
Part X · Balance sheet $2,655,299 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $97,767−$1,454
X-2 Savings and temporary cash investmentsStart of year $1,782,411$1,553,101
X-4 Accounts receivableStart of year $263,860$156,941
X-9 Prepaid expenses and deferred charges$20,043
X-11 Publicly traded securitiesStart of year $486,660$926,668
X-16 Total assetsStart of year $2,683,284$2,655,299
X-17 Accounts payable and accrued expensesStart of year $993,820$922,625
X-19 Deferred revenueStart of year $57,816$53,905
X-24 Unsecured notes and loans payableStart of year $492,952$480,723
X-26 Total liabilitiesStart of year $1,597,174$1,457,253
X-27 Net assets without donor restrictionsStart of year $1,086,110$1,198,046
X-32 Total net assets or fund balancesStart of year $1,086,110$1,198,046
X-33 Total liabilities and net assetsStart of year $2,683,284$2,655,299
Part XI · Reconciliation of net assets $1,198,046 net assets at year end
XI-1 Total revenue$4,366,558
XI-2 Total expenses$4,269,890
XI-3 Revenue less expenses$96,668
XI-4 Net assets at start of year$1,086,110
XI-5 Net unrealized gains (losses) on investments$15,268
XI-10 Net assets at end of year$1,198,046

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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