American Institute For Foreign Study Foundation
- Assets
- $1.3m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 15
- Location
- Stamford, CT
- Founding
- 09/1993
- Data as of
- 12/2022
- EIN
- 06-6100574
Organization Overview
American Institute For Foreign Study Foundation is located in Stamford, CT. The organization was established in 1993. According to its NTEE Classification (Q23) the organization is classified as: International Exchange N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, American Institute For Foreign Study Foundation employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Institute For Foreign Study Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, American Institute For Foreign Study Foundation generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, American Institute For Foreign Study Foundation has awarded 20 individual grants totaling $290,390. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR EXEMPT PURPOSE IS TO FURTHER INTERNATIONAL UNDERSTANDING THROUGH CULTURAL EXCHANGE. THE ORGANIZATION OPERATES STUDENT EXCHANGE PROGRAMS WHEREBY TEENAGERS AND STUDENTS ARE BROUGHT TO THE UNITED STATES UNDER THE AUSPICES OF THE UNITED STATES DEPARTMENT OF STATE AND ARE INTRODUCED TO THE AMERICAN WAY OF LIFE. AN EFFORT IS ALSO MADE TO SEND TEENAGE AMERICANS ABROAD TO COMPLEMENT THE FOUNDATION'S ACTIVITIES WITHIN THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED STUDENT EXHANGE PROGRAMS SANCTIONED BY THE U.S. DEPARTMENT OF STATE FOR FOREIGN STUDENTS WISHING TO VISIT THE U.S.A.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melanie French Executive Director | OfficerTrustee | 40 | $217,768 |
Benjamin Davenport Chairman | OfficerTrustee | 0.5 | $0 |
Gail Hochhauser Vice Chairman | OfficerTrustee | 0.5 | $0 |
James Mahoney Treasurer | OfficerTrustee | 0.5 | $0 |
John A Burg Trustee | Trustee | 0.5 | $0 |
Kimberly Fleming Balkun Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Institute For Foreign Study Recruitment, Accounting, It, Marketing | 12/30/17 | $490,643 |
Short Hills Tours Bus/transportation Services For Students | 12/30/17 | $252,082 |
Global Travel Services Transportation/travel Services For Stude | 12/30/17 | $109,358 |
American Institute For Foreign Study Recruitment, Accounting, It, Marketing | 12/30/17 | $490,643 |
Short Hills Tours Bus/transportation Services For Students | 12/30/17 | $252,082 |
Global Travel Services Transportation/travel Services For Stude | 12/30/17 | $109,358 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $951,907 |
| All other contributions, gifts, grants, and similar amounts not included above | $246,830 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,198,737 |
| Total Program Service Revenue | $2,218,952 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,417,689 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,500 |
| Grants and other assistance to domestic individuals. | $243,759 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $248,892 |
| Compensation of current officers, directors, key employees. | $41,192 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $576,201 |
| Pension plan accruals and contributions | $20,080 |
| Other employee benefits | $172,705 |
| Payroll taxes | $72,376 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,222 |
| Fees for services: Accounting | $32,265 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,399 |
| Advertising and promotion | $23,758 |
| Office expenses | $82,963 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $22,312 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $117,561 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,167 |
| Insurance | $221,223 |
| All other expenses | $19,992 |
| Total functional expenses | $3,471,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $428,945 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $764,869 |
| Accounts receivable, net | $21,617 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,424 |
| Net Land, buildings, and equipment | $92,475 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,323,330 |
| Accounts payable and accrued expenses | $345,680 |
| Grants payable | $0 |
| Deferred revenue | $19,973 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $365,653 |
| Net assets without donor restrictions | $848,382 |
| Net assets with donor restrictions | $109,295 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,323,330 |
Grants Awarded
Over the last fiscal year, American Institute For Foreign Study Foundation has awarded $31,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
INSTITUTE OF INTERNATIONAL EDUCATION INC PURPOSE: SCHOLARSHIPS | $16,600 |
SABIKA FOR PEACE FOUNDATION PURPOSE: SCHOLARSHIPS | $15,000 |