Civic Intelligence

Pan Atlantic Foundation

EIN 81-1184761 • 501(c)3 • Portland, ME

Profile

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.

1 Union Street Suite 202Portland, ME 04101

www.panatlanticfoundation.org

Siviq Scores

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

Liabilities / Assets

85th percentile

0.56x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

0.36x

Higher debt load relative to revenue than 76% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

49th percentile

3.8%

Higher net margin than 49% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

97th percentile

$506,879

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 10.5% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

77th percentile

18%

Faster asset growth than 77% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

56th percentile

11%

Faster revenue growth than 56% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$3,123,634

Up $468,335 (+18%) from 2023

Liabilities

Up

$1,753,705

Up $296,452 (+20%) from 2023

Net Assets

Up

$1,369,929

Up $171,883 (+14%) from 2023

Revenue

Up

$4,841,173

Up $474,615 (+11%) from 2023

Expenses

Up

$4,655,772

Up $385,882 (+9.0%) from 2023

Net Income

Up

$185,401

Up $88,733 (+92%) from 2023

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2016: $33,252Liabilities 2016: $142,747Net Assets 2016: -$109,4952016Assets 2017: $281,719Liabilities 2017: $271,288Net Assets 2017: $10,4312017Assets 2018: $455,694Liabilities 2018: $224,266Net Assets 2018: $231,4282018Assets 2019: $633,767Liabilities 2019: $385,669Net Assets 2019: $248,0982019Assets 2020: $943,782Liabilities 2020: $716,541Net Assets 2020: $227,2412020Assets 2021: $1,911,284Liabilities 2021: $1,249,354Net Assets 2021: $661,9302021Assets 2022: $2,683,284Liabilities 2022: $1,597,174Net Assets 2022: $1,086,1102022Assets 2023: $2,655,299Liabilities 2023: $1,457,253Net Assets 2023: $1,198,0462023Assets 2024: $3,123,634Liabilities 2024: $1,753,705Net Assets 2024: $1,369,9292024

Highlighted filing

2024

Assets$3,123,634
Liabilities$1,753,705
Net Assets$1,369,929

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2016: $116,810Expenses 2016: $226,305Net Income 2016: -$109,4952016Revenue 2017: $1,239,563Expenses 2017: $1,119,637Net Income 2017: $119,9262017Revenue 2018: $1,690,533Expenses 2018: $1,469,536Net Income 2018: $220,9972018Revenue 2019: $2,748,128Expenses 2019: $2,731,458Net Income 2019: $16,6702019Revenue 2020: $1,492,693Expenses 2020: $1,513,550Net Income 2020: -$20,8572020Revenue 2021: $3,653,834Expenses 2021: $3,219,145Net Income 2021: $434,6892021Revenue 2022: $4,653,987Expenses 2022: $4,234,823Net Income 2022: $419,1642022Revenue 2023: $4,366,558Expenses 2023: $4,269,890Net Income 2023: $96,6682023Revenue 2024: $4,841,173Expenses 2024: $4,655,772Net Income 2024: $185,4012024

Highlighted filing

2024

Revenue$4,841,173
Expenses$4,655,772
Net Income$185,401

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 14, 2025
Return Version
2024v5.0
Gross Receipts
$4,896,940
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$926,668$1,574,441▲ $647,773
Savings and Temporary Cash Investments$1,553,101$1,252,817▼ $300,284
Accounts Receivable$156,941$161,824▲ $4,883
Cash and Non-Interest-Bearing Accounts$-1,454$110,519▲ $111,973
Prepaid Expenses and Deferred Charges$20,043$24,033▲ $3,990
Total Assets$2,655,299$3,123,634▲ $468,335
Liabilities
Accounts Payable and Accrued Expenses$922,625$1,229,896▲ $307,271
Unsecured Notes Loans Payable$480,723$468,153▼ $12,570
Deferred Revenue$53,905$55,656▲ $1,751
Total Liabilities$1,457,253$1,753,705▲ $296,452
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,198,046$1,369,929▲ $171,883
Total Net Assets Fund Balance$1,198,046$1,369,929▲ $171,883
Total Liabilities and Net Assets / Fund Balance$2,655,299$3,123,634▲ $468,335
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John Spencer JonesPresidentPT$282,158$188,393$470,551
Vickie MccormackVice PresideFT$256,482$8,406$264,888
Vickie MccormackVice President-$157,574$107,314$264,888
Laura WhelanSenior DirecFT$191,590$5,790$197,380
Laura WhelanSenior Director-$127,568$69,812$197,380

Board Members and Trustees

NameTitle
Stevan TrooboffDirector
Deanna HarnettTreasurer/se
Revenue and Support

Revenue Composition

Contributions and Grants
$689,508
Program Service Revenue
$4,026,220
Investment Income
$125,445
Other Revenue
$0
All Other Contributions
$40,830
Change in Net Assets
$185,401

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,841,173
Revenue Not Reported on Form 990
$-13,518
Total Revenue per Audited Statements
$4,827,655
Total Revenue per Form 990
$4,841,173
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,493,645
Other Expenses$2,162,127
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,183,425$7,648-$1,191,073
Current Officers, Directors, Trustees, and Key Employees$872,115$13,115-$885,230
Travel$283,428--$283,428
Other Employee Benefits$158,090$1,597-$159,687
Payroll Taxes$131,066$1,324-$132,390
Pension Plan Contributions$124,012$1,253-$125,265
Fees for Services Accounting$24,514$24,514-$49,028
Information Technology$39,929--$39,929
Occupancy$35,030$354-$35,384
Fees for Services Legal-$16,028-$16,028
Advertising$15,128--$15,128
Other Expenses$14,418$524-$14,418
Interest$13,062--$13,062
Fees for Services Other$12,142$319-$12,461
Office Expenses$11,185$346-$11,531
Insurance-$2,260-$2,260
All Other Expenses$1,757$54-$1,811
Total Functional Expenses$4,585,477$70,295$0$4,655,772

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,655,772
Total Expenses per Audited Statements$4,655,772
Total Expenses per Form 990$4,655,772
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
John Spencer JonesPresidentLoan to CorporationNo-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 2

John spencer jones pan atlantic foundation inc president president sister company - space sharing

Form 990, Page 6, Part VI, Line 11B

Prepared by independent cpa, provided to the president. President shares with other officer/director for review and approval at board meeting.

Form 990, Page 6, Part VI, Line 12C

The president provided all board directors with the policy and requested thier signature via email in 2016. Follow up was given to ensure compliance. This process was repeated again in 2017, and will continue on an annual basis.

Form 990, Page 6, Part VI, Line 15A

President, as an identified "interested person" under bylaws is subject to review by the conflicts committee; said committee has undertaken a regional salary survey and determined the reasonable measure of compensation based on executive and industry experience.

Form 990, Page 6, Part VI, Line 15B

Independent board members review a detailed salary survey, comparing similiar positions and similiar organizations to contemplate and set salary for the positions of president, vice president of secondary school operations and senior director of secondary school operations.

Form 990, Page 6, Part VI, Line 19

Upon request, documents will be made available at the organizations office, given reasonable notice.

Filing and Contact Details

Filer

Filer Name
Pan Atlantic Foundation
EIN
81-1184761
Phone
2078718622
Address
1 UNION STREET SUITE 202, PORTLAND, ME 04101

Signing Officer

Name
John Spencer Jones
Title
President
Phone
2078718622
Signed
2025-10-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Spencer Jones
Formed
2016
Legal Domicile
Me
Voting Board Members
3
Independent Board Members
3
Employees
17

Preparer

Firm
Runyon Kersteen Ouellette
Address
144 SOUTH MAIN STREET, ROCHESTER, NH 03867
Preparer
Michael P Dubois
Phone
6033322546
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

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.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOHN SPENCER JONES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1VICKIE MCCORMACK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2LAURA WHELAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2SENIOR DIRECTOR
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JOHN SPENCER JONES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0PRESIDENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1SISTER ORG.
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1SPACE SHARE
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0COST AND SPACE SHARING AGREEMENT WITH SISTER ORGANIZATION PAN ATLANTIC CONSULTING INC IS UNDER TERMS REVIEWED AND APPROVED, IN WRITTING, BY THE BOARD.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1JOHN SPENCER JONES PAN ATLANTIC FOUNDATION INC PRESIDENT PRESIDENT SISTER COMPANY - SPACE SHARING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PREPARED BY INDEPENDENT CPA, PROVIDED TO THE PRESIDENT. PRESIDENT SHARES WITH OTHER OFFICER/DIRECTOR FOR REVIEW AND APPROVAL AT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRESIDENT PROVIDED ALL BOARD DIRECTORS WITH THE POLICY AND REQUESTED THIER SIGNATURE VIA EMAIL IN 2016. FOLLOW UP WAS GIVEN TO ENSURE COMPLIANCE. THIS PROCESS WAS REPEATED AGAIN IN 2017, AND WILL CONTINUE ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRESIDENT, AS AN IDENTIFIED "INTERESTED PERSON" UNDER BYLAWS IS SUBJECT TO REVIEW BY THE CONFLICTS COMMITTEE; SAID COMMITTEE HAS UNDERTAKEN A REGIONAL SALARY SURVEY AND DETERMINED THE REASONABLE MEASURE OF COMPENSATION BASED ON EXECUTIVE AND INDUSTRY EXPERIENCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5INDEPENDENT BOARD MEMBERS REVIEW A DETAILED SALARY SURVEY, COMPARING SIMILIAR POSITIONS AND SIMILIAR ORGANIZATIONS TO CONTEMPLATE AND SET SALARY FOR THE POSITIONS OF PRESIDENT, VICE PRESIDENT OF SECONDARY SCHOOL OPERATIONS AND SENIOR DIRECTOR OF SECONDARY SCHOOL OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UPON REQUEST, DOCUMENTS WILL BE MADE AVAILABLE AT THE ORGANIZATIONS OFFICE, GIVEN REASONABLE NOTICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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