Civic Intelligence

American Foreign Service Association

EIN 23-7045244 • 501(c)3 • Washington, DC

Profile

The afsa scholarship program provides to children of foreign service employees who are afsa members: need-based, financial aid scholarships (for undergraduate study) and one-time only academic and art merit scholarships (for high school seniors).

2101 E Steet NWWashington, DC 20037

www.afsa.org/AFSA-SCHOLARSHIPS

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

56th percentile

0.23x

Higher debt load relative to assets than 56% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

5.70x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

73rd percentile

19%

Higher net margin than 73% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

71st percentile

$261,736

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 35.3% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

56th percentile

6.2%

Faster asset growth than 56% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

2nd percentile

-71%

Faster revenue growth than 2% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$18,224,335

Up $1,064,824 (+6.2%) from 2023

Liabilities

Up

$4,225,127

Up $79,022 (+1.9%) from 2023

Net Assets

Up

$13,999,208

Up $985,802 (+7.6%) from 2023

Revenue

Down

$741,629

Down $1,836,282 (-71%) from 2023

Expenses

Down

$601,721

Down $41,325 (-6.4%) from 2023

Net Income

Down

$139,908

Down $1,794,957 (-93%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2010: $6,214,409Liabilities 2010: $5,809Net Assets 2010: $6,208,6002010Assets 2011: $5,566,867Liabilities 2011: $65,931Net Assets 2011: $5,500,9362011Assets 2012: $6,119,323Liabilities 2012: $42,306Net Assets 2012: $6,077,0172012Assets 2013: $7,231,794Liabilities 2013: $194,729Net Assets 2013: $7,037,0652013Assets 2014: $7,217,928Liabilities 2014: $67,307Net Assets 2014: $7,150,6212014Assets 2015: $7,859,881Liabilities 2015: $122,445Net Assets 2015: $7,737,4362015Assets 2016: $9,038,756Liabilities 2016: $157,662Net Assets 2016: $8,881,0942016Assets 2017: $10,363,517Liabilities 2017: $159,443Net Assets 2017: $10,204,0742017Assets 2018: $10,099,149Liabilities 2018: $124,529Net Assets 2018: $9,974,6202018Assets 2019: $11,715,491Liabilities 2019: $66,968Net Assets 2019: $11,648,5232019Assets 2020: $12,825,853Liabilities 2020: $122,845Net Assets 2020: $12,703,0082020Assets 2021: $14,112,327Liabilities 2021: $208,984Net Assets 2021: $13,903,3432021Assets 2022: $15,575,557Liabilities 2022: $4,113,809Net Assets 2022: $11,461,7482022Assets 2023: $17,159,511Liabilities 2023: $4,146,105Net Assets 2023: $13,013,4062023Assets 2024: $18,224,335Liabilities 2024: $4,225,127Net Assets 2024: $13,999,2082024

Highlighted filing

2024

Assets$18,224,335
Liabilities$4,225,127
Net Assets$13,999,208

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $413,7672010Expenses 2011: $430,6472011Expenses 2012: $465,2602012Revenue 2013: $636,761Expenses 2013: $483,784Net Income 2013: $152,9772013Revenue 2014: $598,968Expenses 2014: $503,779Net Income 2014: $95,1892014Revenue 2015: $1,357,633Expenses 2015: $521,300Net Income 2015: $836,3332015Revenue 2016: $1,463,030Expenses 2016: $522,886Net Income 2016: $940,1442016Revenue 2017: $659,845Expenses 2017: $501,952Net Income 2017: $157,8932017Revenue 2018: $1,255,431Expenses 2018: $490,289Net Income 2018: $765,1422018Revenue 2019: $651,681Expenses 2019: $558,000Net Income 2019: $93,6812019Revenue 2020: $644,664Expenses 2020: $527,600Net Income 2020: $117,0642020Revenue 2021: $976,935Expenses 2021: $616,078Net Income 2021: $360,8572021Revenue 2022: $539,061Expenses 2022: $582,417Net Income 2022: -$43,3562022Revenue 2023: $2,577,911Expenses 2023: $643,046Net Income 2023: $1,934,8652023Revenue 2024: $741,629Expenses 2024: $601,721Net Income 2024: $139,9082024

Highlighted filing

2024

Revenue$741,629
Expenses$601,721
Net Income$139,908

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$18.2$4.23$14.0$0.74$0.60$0.14
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.2$4.15$13.0$2.58$0.64$1.93
2022Detailed filing. Detailed filing data is available for this year.$15.6$4.11$11.5$0.54$0.58$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.1$0.21$13.9$0.98$0.62$0.36
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.8$0.12$12.7$0.64$0.53$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.7$0.07$11.6$0.65$0.56$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.1$0.12$9.97$1.26$0.49$0.77
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.4$0.16$10.2$0.66$0.50$0.16
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.04$0.16$8.88$1.46$0.52$0.94
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.86$0.12$7.74$1.36$0.52$0.84
2014Detailed filing. Detailed filing data is available for this year.$7.22$0.07$7.15$0.60$0.50$0.10
2013Detailed filing. Detailed filing data is available for this year.$7.23$0.19$7.04$0.64$0.48$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.12$0.04$6.08$0.47
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.57$0.07$5.50$0.43
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.21$0.01$6.21$0.41
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 27, 2025
Return Version
2024v5.2
Gross Receipts
$1,141,322
Mission and Program Overview

Mission

American foreign service association scholarship program consists of providing two award programs for foreign service youth: financial aid scholarships for needy children of foreign service employees for undergraduate college study and academic and merit awards for foreign service high school seniors.

Provide need based scholarships & academic & merit awards for foreign service high school seniors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$11,470,710$12,314,156▲ $843,446
Savings and Temporary Cash Investments$345,836$386,702▲ $40,866
Prepaid Expenses and Deferred Charges$127,000$123,000▼ $4,000
Accounts Receivable$14$10▼ $4
Total Assets$17,159,511$18,224,335▲ $1,064,824
Other Assets Total$5,215,951$5,400,467▲ $184,516
Liabilities
Other Liabilities$4,132,609$4,215,704▲ $83,095
Accounts Payable and Accrued Expenses$13,496$9,423▼ $4,073
Total Liabilities$4,146,105$4,225,127▲ $79,022
Net Assets / Fund Balance
Net Assets With Donor Restrictions$13,013,406$13,999,208▲ $985,802
Total Net Assets Fund Balance$13,013,406$13,999,208▲ $985,802
Total Liabilities and Net Assets / Fund Balance$17,159,511$18,224,335▲ $1,064,824

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$4,200,505--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$345,835-▲ $40,866-$386,701
2023$293,931-▲ $51,904-$345,835
2022$348,634-▼ $54,703-$293,931
2021$248,164-▲ $100,470-$348,634
2020$235,590-▲ $12,574-$248,164
Compensation and Service Providers

Board Members and Trustees

NameTitle
Thomas YazdgerdiPresident
Evan ManginoFas Vice President
Joshua BurkeFcs Vice President
John NalandRetiree Vice President
Tina WongState Vice President
Randy ChesterUsaid Vice President
Femi OshobukolaDirector of Finance
Asegir SigfussonExecutive Director
Joe RagoleAphis Representative
Zeke SpearsFas Representative
Jay CarreiroFcs Representative
Edward StaffordRetiree Representative
Mary DalyRetiree Representative
Sue SaarnioSecretary
C Logan WheelerState Representative
Greg FloydState Representative
Heather PishkoState Representative
Kimberly McclureState Representative
Lyntte BehnkeState Representative
Whitney WiedmanState Representative
JOHN O'KEEFETreasurer
Gunter SchwabeUsagm Representative
Christopher SaengerUsaid Representative
Revenue and Support

Revenue Composition

Contributions and Grants
$71,696
Program Service Revenue
$0
Investment Income
$669,933
Other Revenue
$0
All Other Contributions
$71,696
Change in Net Assets
$139,908
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$380,499
Salaries, Compensation, and Employee Benefits$149,609
Other Expenses$71,613
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$380,499--$380,499
Other Salaries and Wages$44,001$46,210-$90,211
Current Officers, Directors, Trustees, and Key Employees$559$42,943-$43,502
Fees for Service Investment Mgmnt Fees-$29,002-$29,002
Fees for Services Other$1,000$14,692-$15,692
Payroll Taxes$3,320$7,410-$10,730
Information Technology-$7,790-$7,790
Occupancy-$6,099-$6,099
Depreciation Depletion-$5,761-$5,761
Office Expenses$1,501$2,841-$4,342
Other Employee Benefits$1,097$1,906-$3,003
Pension Plan Contributions$2,163--$2,163
Insurance-$1,342-$1,342
Fees for Services Accounting-$913-$913
Travel$308--$308
Conferences and Meetings$262--$262
Interest-$53-$53
Other Expenses-$49-$49
Total Functional Expenses$434,710$167,011$0$601,721
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$4,215,704
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The finance, management and audit committee reviews draft 990 and reports to the governing board upon filing. A copy of the return is distributed to the entire board prior to filing.

Form 990, Part VI, Section B, Line 12C

The president and the board members are responsible for regularly and consistently monitoring and enforcing the conflict of interest policy. They are required to sign the coi policy stating their understanding of the policy and will report promptly a potential conflict of interest. The following explanation describes what happens when a conflict is suspected or reported. Any possible conflict of interest shall be disclosed to the president of the association, or to another officer or to the board, as circumstances require, by the interested person or any other knowledgeable member of the board or staff member of american foreign service association. Where any such conflict of interest is relevant to a matter require action by the board, the potential conflict of interest shall be disclosed to the board prior to any vote on the matter. The interested person shall not vote on such matter, participate in deliberations concerning it, or use personal influence in any way in the matter. The interested person shall not count toward the quorum or any vote on the matter. The minutes of the meeting shall reflect that the conflict of interest was disclosed and that the interested person was not present during the final discussions or vote and did not vote.

Form 990, Part VI, Section C, Line 19

The bylaws are posted on the organization's website and the conflict of interest policy is available for viewing at the organization's office or upon request.

Filing and Contact Details

Filer

Filer Name
American Foreign Service Association
EIN
23-7045244
Phone
2023384045
Address
2101 E STEET NW, WASHINGTON, DC 20037

Signing Officer

Name
Asgeir Sigfusson
Title
Executive Director
Phone
2023384045
Signed
2025-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Asgeir Sigfusson
Formed
1972
Legal Domicile
Dc
Voting Board Members
21
Independent Board Members
21
Employees
0
Volunteers
61

Preparer

Firm
Gross Mendelsohn & Associates Pa
Address
1801 PORTER STREET SUITE 500, BALTIMORE, MD 21230
Preparer
Jennifer Rock
Phone
4106855512
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in beneficial trust 129,421.

Form 990, Part XII, Line 2C

There have been no changes to the organization's oversight or selection process during the current year.

Financial Statement Notes

PART X, LINE 2:

The scholarship fund adopted the income tax standard regarding the recognition and measurement of uncertain tax positions. The scholarship fund evaluated its tax positions and determined that its positions are more-likely-than-not to be sustained on examination.

Raw XML AppendixShowing 400 of 662 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0PROVIDE NEED BASED SCHOLARSHIPS & ACADEMIC & MERIT AWARDS FOR FOREIGN SERVICE HIGH SCHOOL SENIORS.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt229177
IRS990/Form990PartVIISectionAGrp/PersonNm0THOMAS YAZDGERDI
IRS990/Form990PartVIISectionAGrp/PersonNm1TINA WONG
IRS990/Form990PartVIISectionAGrp/PersonNm2RANDY CHESTER
IRS990/Form990PartVIISectionAGrp/PersonNm3JOSHUA BURKE
IRS990/Form990PartVIISectionAGrp/PersonNm4JOHN NALAND
IRS990/Form990PartVIISectionAGrp/PersonNm5SUE SAARNIO
IRS990/Form990PartVIISectionAGrp/PersonNm6JOHN O'KEEFE
IRS990/Form990PartVIISectionAGrp/PersonNm7EDWARD STAFFORD
IRS990/Form990PartVIISectionAGrp/PersonNm8MARY DALY
IRS990/Form990PartVIISectionAGrp/PersonNm9CHRISTOPHER SAENGER
IRS990/Form990PartVIISectionAGrp/PersonNm10JOE RAGOLE
IRS990/Form990PartVIISectionAGrp/PersonNm11ZEKE SPEARS
IRS990/Form990PartVIISectionAGrp/PersonNm12JAY CARREIRO
IRS990/Form990PartVIISectionAGrp/PersonNm13LYNTTE BEHNKE
IRS990/Form990PartVIISectionAGrp/PersonNm14C LOGAN WHEELER
IRS990/Form990PartVIISectionAGrp/PersonNm15WHITNEY WIEDMAN
IRS990/Form990PartVIISectionAGrp/PersonNm16GREG FLOYD
IRS990/Form990PartVIISectionAGrp/PersonNm17EVAN MANGINO
IRS990/Form990PartVIISectionAGrp/PersonNm18GUNTER SCHWABE
IRS990/Form990PartVIISectionAGrp/PersonNm19HEATHER PISHKO
IRS990/Form990PartVIISectionAGrp/PersonNm20KIMBERLY MCCLURE
IRS990/Form990PartVIISectionAGrp/PersonNm21ASEGIR SIGFUSSON
IRS990/Form990PartVIISectionAGrp/PersonNm22FEMI OSHOBUKOLA
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1STATE VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2USAID VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3FCS VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4RETIREE VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7RETIREE REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt8RETIREE REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt9USAID REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt10APHIS REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt11FAS REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt12FCS REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt13STATE REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt14STATE REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt15STATE REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt16STATE REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt17FAS VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt18USAGM REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt19STATE REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt20STATE REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt21EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR OF FINANCE
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0THE AFSA SCHOLARSHIP PROGRAM PROVIDES TO CHILDREN OF FOREIGN SERVICE EMPLOYEES WHO ARE AFSA MEMBERS: NEED-BASED, FINANCIAL AID SCHOLARSHIPS (FOR UNDERGRADUATE STUDY) AND ONE-TIME ONLY ACADEMIC AND ART MERIT SCHOLARSHIPS (FOR HIGH SCHOOL SENIORS).
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt013999208
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0PRIOR TO 2024, THE AMERICAN FOREIGN SERVICE ASSOCIATION SCHOLARSHIP FUND ROUTINELY MET THE 33-1/3% TEST DUE TO LARGE DONATIONS RECEIVED IN 2019 AND PRIOR THAT AMERICAN FOREIGN SERVICE ASSOCIATION SCHOLARSHIP FUND USED TO ESTABLISH AN ENDOWMENT FUND WHOSE PURPOSE WAS TO FUND SCHOLARSHIPS, THE MAIN PURPOSE OF AMERICAN FOREIGN SERVICE CORPORATION SCHOLARSHIP FUND, WITH ITS INVESTMENT INCOME. IN RECENT YEARS, THE EARNINGS ON THAT ENDOWMENT HAVE EXCEEDED THE AMOUNT OF INCOME GENERATED FROM THE PUBLIC DUE TO WISE INVESTMENT POLICIES. SINCE 2019, THE ORGANIZATION CONTINUES TO SOLICIT FUNDS FROM THE PUBLIC, INCLUDING MEMBERS OF AMERICAN FOREIGN SERVICE ASSOCIATION AND THE GENERAL PUBLIC THROUGH THEIR WEBSITE AND FUNDRAISING ACTIVITIES. AMERICAN FOREIGN SERVICE ASSOCIATION SCHOLARSHIP FUND HAS SOLICITED NEW DONORS EACH YEAR AND CONTINUES TO INCREASE THE AMOUNT EARNED FROM THE GENERAL PUBLIC AND HAS POLICIES IN PLACE TO INCREASE THE PUBLIC SUPPORT TEST IN 2025 AND ONWARD. AMERICAN FOREIGN SERVICE ASSOCIATION SCHOLARSHIP FUND HAS A GOVERNING BOARD THAT REPRESENTS BOARD INTERESTS TO THE PUBLIC TO SOLICIT CONTRIBUTIONS AND PROVIDE SUPPORT OF THE ORGANIZATION TO BENEFIT THE GENERAL PUBLIC.
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt071696
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt085416
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt097759
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt087114
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt062674
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0404659

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