Civic Intelligence

Fulbright Association Inc

EIN 52-1821935 • 501(c)3 • Washington, DC

View Organization Page

Profile

The mission of the fulbright association is to continue and extend the fulbright tradition of education, advocacy and service. The vision is to be a catalyst for a peaceful and interconnected world inspired by international educational exchange.

1730 Rhode Island Ave NW 404Washington, DC 20036

www.fulbright.org

Siviq Scores

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

Liabilities / Assets

25th percentile

0.02x

Higher debt load relative to assets than 25% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

25th percentile

0.04x

Higher debt load relative to revenue than 25% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

87th percentile

44%

Higher net margin than 87% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

63rd percentile

$163,352

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

68th percentile

11%

Faster asset growth than 68% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

88th percentile

74%

Faster revenue growth than 88% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$6,271,385

Up $620,330 (+11%) from 2023

Liabilities

Down

$116,766

Down $31,083 (-21%) from 2023

Net Assets

Up

$6,154,619

Up $651,413 (+12%) from 2023

Operations
Liabilities / Revenue25th percentileNet Margin87th percentile

Revenue

Up

$2,839,344

Up $1,203,726 (+74%) from 2023

Expenses

Up

$1,604,114

Up $55,253 (+3.6%) from 2023

Net Income

Up

$1,235,230

Up $1,148,473 (+1324%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth68th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $3,464,721Liabilities 2010: $341,933Net Assets 2010: $3,122,7882010Assets 2011: $3,615,902Liabilities 2011: $466,186Net Assets 2011: $3,149,7162011Assets 2012: $3,605,945Liabilities 2012: $402,161Net Assets 2012: $3,203,7842012Assets 2013: $3,854,984Liabilities 2013: $358,730Net Assets 2013: $3,496,2542013Assets 2015: $3,576,573Liabilities 2015: $296,449Net Assets 2015: $3,280,1242015Assets 2016: $3,653,548Liabilities 2016: $201,943Net Assets 2016: $3,451,6052016Assets 2017: $4,370,819Liabilities 2017: $236,460Net Assets 2017: $4,134,3592017Assets 2018: $4,046,844Liabilities 2018: $187,799Net Assets 2018: $3,859,0452018Assets 2019: $4,699,960Liabilities 2019: $86,707Net Assets 2019: $4,613,2532019Assets 2020: $5,259,806Liabilities 2020: $61,983Net Assets 2020: $5,197,8232020Assets 2021: $5,930,469Liabilities 2021: $73,251Net Assets 2021: $5,857,2182021Assets 2022: $5,008,704Liabilities 2022: $152,237Net Assets 2022: $4,856,4672022Assets 2023: $5,651,055Liabilities 2023: $147,849Net Assets 2023: $5,503,2062023Assets 2024: $6,271,385Liabilities 2024: $116,766Net Assets 2024: $6,154,6192024

Highlighted filing

2024

Assets$6,271,385
Liabilities$116,766
Net Assets$6,154,619
Open 2024 Filing

Operations Trend

Revenue Growth88th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $825,2022010Revenue 2011: $702,754Expenses 2011: $630,861Net Income 2011: $71,8932011Revenue 2012: $789,203Expenses 2012: $1,014,270Net Income 2012: -$225,0672012Revenue 2013: $759,463Expenses 2013: $872,534Net Income 2013: -$113,0712013Revenue 2015: $1,074,004Expenses 2015: $933,824Net Income 2015: $140,1802015Revenue 2016: $899,367Expenses 2016: $963,506Net Income 2016: -$64,1392016Revenue 2017: $1,402,418Expenses 2017: $1,178,900Net Income 2017: $223,5182017Revenue 2018: $1,313,004Expenses 2018: $1,205,095Net Income 2018: $107,9092018Revenue 2019: $1,747,405Expenses 2019: $1,629,715Net Income 2019: $117,6902019Revenue 2020: $1,066,394Expenses 2020: $965,320Net Income 2020: $101,0742020Revenue 2021: $1,254,116Expenses 2021: $973,006Net Income 2021: $281,1102021Revenue 2022: $1,508,344Expenses 2022: $1,452,142Net Income 2022: $56,2022022Revenue 2023: $1,635,618Expenses 2023: $1,548,861Net Income 2023: $86,7572023Revenue 2024: $2,839,344Expenses 2024: $1,604,114Net Income 2024: $1,235,2302024

Highlighted filing

2024

Revenue$2,839,344
Expenses$1,604,114
Net Income$1,235,230
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$6,271,385
Liabilities
$116,766
Net assets
$6,154,619
Revenue
$2,839,344
Expenses
$1,604,114
Net income
$1,235,230
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.27$0.12$6.15$2.84$1.60$1.24
2023Summary only. Only limited summary data is available for this year.$5.65$0.15$5.50$1.64$1.55$0.09
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.01$0.15$4.86$1.51$1.45$0.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.93$0.07$5.86$1.25$0.97$0.28
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.26$0.06$5.20$1.07$0.97$0.10
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.70$0.09$4.61$1.75$1.63$0.12
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.05$0.19$3.86$1.31$1.21$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.37$0.24$4.13$1.40$1.18$0.22
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.65$0.20$3.45$0.90$0.96$0.06
2015Detailed filing. Detailed filing data is available for this year.$3.58$0.30$3.28$1.07$0.93$0.14
2013Summary only. Only limited summary data is available for this year.$3.85$0.36$3.50$0.76$0.87$0.11
2012Summary only. Only limited summary data is available for this year.$3.61$0.40$3.20$0.79$1.01$0.23
2011Summary only. Only limited summary data is available for this year.$3.62$0.47$3.15$0.70$0.63$0.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.46$0.34$3.12$0.83
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 3, 2025
Return Version
2024v5.2
Gross Receipts
$2,971,443
Mission and Program Overview

Mission

The mission of the fulbright association is to engage, serve, and support a diverse, inclusive, and growing network dedicated to the fulbright principle of cooperation through mutual understanding. The vision is a peaceful and cooperative world advanced through international educational exchange and cultural immersion.

SEE PART III, LINE 1.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,249,461$5,789,263▲ $539,802
Savings and Temporary Cash Investments$80,012$236,054▲ $156,042
Cash and Non-Interest-Bearing Accounts$201,927$150,426▼ $51,501
Land, Buildings, and Equipment, Net$38,584$34,112▼ $4,472
Accounts Receivable-$29,501-
Prepaid Expenses and Deferred Charges$20,400$7,294▼ $13,106
Total Assets$5,651,055$6,271,385▲ $620,330
Other Assets Total$60,671$24,735▼ $35,936
Liabilities
Other Liabilities$62,125$77,183▲ $15,058
Accounts Payable and Accrued Expenses$80,874$31,583▼ $49,291
Deferred Revenue$4,850$8,000▲ $3,150
Total Liabilities$147,849$116,766▼ $31,083
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,061,626$4,519,093▲ $457,467
Net Assets With Donor Restrictions$1,441,580$1,635,526▲ $193,946
Total Net Assets Fund Balance$5,503,206$6,154,619▲ $651,413
Total Liabilities and Net Assets / Fund Balance$5,651,055$6,271,385▲ $620,330

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$34,112$17,245$51,357

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$1,441,580-▲ $237,866$43,920$1,635,526
2023$1,197,263-▲ $295,790$51,473$1,441,580
2022$1,666,058-▼ $365,200$103,595$1,197,263
2021$1,429,056-▲ $280,221-$1,666,058
2020$1,219,398-▲ $246,551-$1,429,056
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John BaderExecutive DirectorFT$137,547$25,805$163,352

Board Members and Trustees

NameTitle
Robert GervasiChair
Heather GodsmarkGovernance Chair
Caroline LevanderVice Chair
David MaxwellMember
Eric LopezMember
Greg CooperMember
Howard KwonMember
John VogelMember
Kamala RaghavanMember
Kevin QuigleyMember
Matthew ShankMember
Michael DeluciaMember
Patrice MoultonMember
Reka SzemerkenyiMember
Stacey NicksonMember
Walter MccollumMember
Wen-kuni CeantMember
Leland LazarusSecretary
William VockeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,503,548
Program Service Revenue
$156,413
Investment Income
$1,159,776
Other Revenue
$19,607
All Other Contributions
$1,207,090
Change in Net Assets
$1,235,230

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,839,344
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-524,891
Total Revenue per Audited Statements
$2,314,453
Total Revenue per Form 990
$2,839,344
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$680,105
Salaries, Compensation, and Employee Benefits$635,436
Grants and Similar Amounts Paid$288,573
Total Fundraising Expense$205,351
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$250,690$55,257$79,540$385,487
Grants to Domestic Orgs$288,573--$288,573
Conferences and Meetings$243,477$41$61$243,579
Current Officers, Directors, Trustees, and Key Employees$114,347$16,335$32,670$163,352
Fees for Services Other$94,247$14,853$5,700$114,800
Fees for Services Accounting-$96,853-$96,853
Information Technology$74,274$974$16,949$92,197
Office Expenses$5,646$3,521$36,638$45,805
Payroll Taxes$27,956$5,560$8,625$42,141
Occupancy$22,385$4,451$6,906$33,742
Other Employee Benefits$14,991$3,724$4,927$23,642
Pension Plan Contributions$13,556$2,966$4,292$20,814
Insurance-$10,423-$10,423
Depreciation Depletion-$4,472-$4,472
All Other Expenses$267$2,283$337$2,887
Travel$1,635$75$470$2,180
Other Expenses$1,349$173$199$1,721
Total Functional Expenses$1,175,205$223,558$205,351$1,604,114

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,663,040
Expenses per Audited Statements$1,604,114
Total Expenses per Form 990$1,604,114
Expenses Not Reported on Form 990$58,926
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
WaterorgKansas City, MN501c3Prize Award$50,000
Chicago ChapterAlexandria, VA501c3Educational and Cultural Programs for International Visiting Fulbrighters in the US$11,150
Minnesota ChapterSaint Paul, MN501c3Educational and Cultural Programs for International Visiting Fulbrighters in the US$11,126
Georgia ChapterRome, GA501c3Educational and Cultural Programs for International Visiting Fulbrighters in the US$8,250
Colorado ChapterDenver, CO501c3Educational and Cultural Programs for International Visiting Fulbrighters in the US$5,860
Houston Southeast Texas ChapterKaty, TX501c3Educational and Cultural Programs for International Visiting Fulbrighters in the US$5,675
New Hampshire ChapterDurham, NH501c3Educational and Cultural Programs for International Visiting Fulbrighters in the US$5,250
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advances$52,303
Operating Lease Liability$24,880
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Members of the fulbright association are former fulbright exchange program grant recipients and individuals and institutions with interest in the field of international education. Individual memberships are available in regular annual, life, student, and associate categories. Friends of fulbright members have not received fulbright grant awards. Institutional memberships are available to colleges, universities and other organizations that support the fulbright program purpose of increasing mutual understanding between the people of the united states and those of other countries.”

Form 990, Part VI, Section A, Line 7A

“Members in good standing may vote to elect members of the board of directors and its chair.”

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

“The draft form 990 was prepared by the outside accountants and reviewed by fulbright association's finance committee. It was sent to all members of the board of directors before filing with the irs.”

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

“Annually, each board member is required to inform the chair of the board of directors and/or the executive director of potential conflicts based on the policy in the association's by-laws. When any contract or employment offer is generated, the executive director verifies that there is no conflict of interest pursuant to the by-laws guidelines. The executive director and the chair of the board review all potential or real conflicts of interest and bring them to the attention of the executive committee and/or the finance committee for resolution in the best interests of the association.”

Form 990, Part VI, Section B, Line 15A

“The executive director's review is conducted by the chair of the board and other members of the board. Compensation reviews have been based on salary data from similar organizations, from professional societies, such as the greater washington society of association executives and the american research council. The decision is communicated to the executive director in writing. The last salary review for the executive director was in january 2025. The executive director reviews all other employees' performances and sets compensation within budgetary guidelines reviewed and approved by the finance committee and the board of directors.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Fulbright Association Inc
EIN
52-1821935
Phone
2027750725
Address
1730 RHODE ISLAND AVE NW 404, WASHINGTON, DC 20036

Signing Officer

Name
Kamala Raghavan
Title
Treasurer
Phone
2027750725
Signed
2025-09-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kamala Raghavan
Formed
1991
Legal Domicile
Dc
Voting Board Members
19
Independent Board Members
19
Employees
6
Volunteers
40

Preparer

Firm
Gelman Rosenberg & Freedman
Address
4550 MONTGOMERY AVE SUITE 800N, BETHESDA, MD 20814-2930
Preparer
Elizabeth W Heller
Phone
3019519090
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“The cohen fund endowment supports an annual lecture on dance research or scholarship at the fulbright association's annual meeting and conference. The fulbright association fulbright prize fund is designated to support the j. William fulbright prize for international understanding.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold reported as expense on the financial 23,319. Statements and netted against revenue on part viii, line 10.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold reported as expense on the financial 23,319. Statements and netted against revenue on part viii, line 10.”

Raw XML AppendixShowing 400 of 750 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/ActivityOrMissionDesc0SEE PART III, LINE 1.
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IRS990/Form990PartVIISectionAGrp/PersonNm1CAROLINE LEVANDER
IRS990/Form990PartVIISectionAGrp/PersonNm2LELAND LAZARUS
IRS990/Form990PartVIISectionAGrp/PersonNm3WILLIAM VOCKE
IRS990/Form990PartVIISectionAGrp/PersonNm4HEATHER GODSMARK
IRS990/Form990PartVIISectionAGrp/PersonNm5HOWARD KWON
IRS990/Form990PartVIISectionAGrp/PersonNm6GREG COOPER
IRS990/Form990PartVIISectionAGrp/PersonNm7MICHAEL DELUCIA
IRS990/Form990PartVIISectionAGrp/PersonNm8WALTER MCCOLLUM
IRS990/Form990PartVIISectionAGrp/PersonNm9PATRICE MOULTON
IRS990/Form990PartVIISectionAGrp/PersonNm10WEN-KUNI CEANT
IRS990/Form990PartVIISectionAGrp/PersonNm11ERIC LOPEZ
IRS990/Form990PartVIISectionAGrp/PersonNm12KAMALA RAGHAVAN
IRS990/Form990PartVIISectionAGrp/PersonNm13DAVID MAXWELL
IRS990/Form990PartVIISectionAGrp/PersonNm14STACEY NICKSON
IRS990/Form990PartVIISectionAGrp/PersonNm15MATTHEW SHANK
IRS990/Form990PartVIISectionAGrp/PersonNm16KEVIN QUIGLEY
IRS990/Form990PartVIISectionAGrp/PersonNm17REKA SZEMERKENYI
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
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IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4GOVERNANCE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt17MEMBER
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IRS990/MissionDesc0THE MISSION OF THE FULBRIGHT ASSOCIATION IS TO ENGAGE, SERVE, AND SUPPORT A DIVERSE, INCLUSIVE, AND GROWING NETWORK DEDICATED TO THE FULBRIGHT PRINCIPLE OF COOPERATION THROUGH MUTUAL UNDERSTANDING. THE VISION IS A PEACEFUL AND COOPERATIVE WORLD ADVANCED THROUGH INTERNATIONAL EDUCATIONAL EXCHANGE AND CULTURAL IMMERSION.
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IRS990/ProgramServiceRevenueGrp/Desc0MEETINGS/CONFERENCE
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE J.W. FULBRIGHT PRIZE IS AN AWARD GIVEN ANNUALLY TO AN INDIVIDUAL OR ORGANIZATION THAT HAS MADE OUTSTANDING CONTRIBUTIONS TOWARD BRINGING PEOPLES, CULTURES, OR NATIONS TO GREATER UNDERSTANDING OF OTHERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0294422
IRS990/ProgSrvcAccomActy2Grp/GrantAmt050000
IRS990/ProgSrvcAccomActy3Grp/Desc0THE FULBRIGHT ASSOCIATION HOLDS AN ANNUAL CONFERENCE THAT HIGHLIGHTS ACADEMIC RESEARCH, LIFETIME ACHIEVEMENT AND CHAPTER AWARDS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0224265
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0500
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0176020
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ANNUAL MEMBERSHIP
IRS990/ProgSrvcAccomActyOtherGrp/Desc1EDUCATIONAL PROGRAMS
IRS990/ProgSrvcAccomActyOtherGrp/Desc2ADVOCACY
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IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt167358
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt223760
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