ASSOC OF FGN PRESS CORRESPONDENTS USA

EIN: 834247897 501(c)(3) Education

New York, NY

Total Revenue
$571,008
Total Expenses
$525,148
Total Assets
$337,421
Net Assets
$336,936
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NY
Tax Period
2023-01-01 to 2023-12-31

ASSOC OF FGN PRESS CORRESPONDENTS USA, founded in 2019, is a small nonprofit in the Education sector that reported $571K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $525K left a modest 8% surplus.

Mission

The Assocn. of Foreign Press Corrs. USA serves the community of foreign correspondents in the US via programs, journalism resources, scholarships, and excellence awards, raising public awareness about the importance of foreign correspondents, and the protection of press freedom

Program Service Accomplishments

Program 1
Expenses: $237,230

Educational programs such as workshops, interview sessions, and seminars providing foreign journalists with a wide range of knowledge from experts in their respective fields that assist international...

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Educational programs such as workshops, interview sessions, and seminars providing foreign journalists with a wide range of knowledge from experts in their respective fields that assist international journalists in advancing their reporting skills, acquiring knowledge in areas relevant to their reporting and work as foreign correspondents, and providing them with the expertise necessary to inform their international audiences with accuracy, fairness, and competence; The Foreign Press Awards Program raising awareness about the importance of the role foreign journalists play; The Press Freedom Forum Program promoting the creation of synergies to enable key players in the public sphere to secure the safety and protection of journalists.

Program 2
Expenses: $108,965

The resources created, developed, and published by the Foreign Press Correspondents online platforms are intended to enhance, strenghten, and advance the role of foreign journalists and...

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The resources created, developed, and published by the Foreign Press Correspondents online platforms are intended to enhance, strenghten, and advance the role of foreign journalists and correspondents by providing them with tools and training to enhance their work and pursue their reporting effectively; keeping international correspondents and the public informed of violations of press freedom around the world; offering international correspondents valuable information from experts through interviews, objective reporting, and insightful commentary; allowing foreign correspondents to showcase and feature their career accomplishments before international audiences, and raising awareness about the role of foreign correspondents in journalism.

Program 3
Expenses: $56,250

Scholarships for foreign correspondents who demonstrated career background as foreign journalists in their respective countries and who are pursuing Masters studies in the United States at any...

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Scholarships for foreign correspondents who demonstrated career background as foreign journalists in their respective countries and who are pursuing Masters studies in the United States at any U.S.-based academic institution in fields related to their reporting to help them expand their knowledge and skills through academia and professional journalism education in the United States; Prizes for professional excellence to encourage excellence in journalism in foreign correspondents who, through their reporting for international media, set the highest standards in exceptional published reporting in the various thematic areas.Press Freedom Grants dedicated to international journalists facing a range of threats, from killingss to imprisonment, harassment, intimidation, censorship, and litigation.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $571,008
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $571,008

Expense Breakdown

Grants Paid $56,250
Salaries & Benefits $162,994
Fundraising Expenses $45,276
Program Expenses $402,445
Other Expenses $305,904
TOTAL EXPENSES $525,148

Year-over-Year Comparison

2023 2022 Change
Revenue $571,008 $459,065 +0.2%
Expenses $525,148 $322,649 +0.6%
Net Income $45,860 $136,416 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
1
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
11
$19,100
Key Employees
1
$141,276
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Athanasios Dimadis Executive Director 40.00
Key Emp
$141,276 $0 $141,276
Alan Herrera Board Member 0.00
Director
$18,250 $0 $18,250
Nancy Prager-Kamel Chairwoman 0.00
Director
$500 $0 $500
Thomas Barat Director of Ethics and Compli 0.00
Director
$350 $0 $350
Julia Haart Board Member 0.00
Director
$0 $0 $0
Nicolla Hewitt Board Member 0.00
Director
$0 $0 $0
Sean Branagan Whitney Board Member 0.00
Director
$0 $0 $0
Mitzi Perdue Executive Officer 0.00
Director
$0 $0 $0
Lena Tabori General Secretary 0.00
Director
$0 $0 $0
Storer H Rowley Vice President 0.00
Director
$0 $0 $0
Sissel McCarthy Executive Officer 0.00
Director
$0 $0 $0
Marilyn Haft Treasurer 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $571,008 $525,148 $337,421 $45,860
2022 $459,065 $322,649 $292,795 $136,416
2021 $217,675 $206,895 $155,441 $10,780
2019 $97,131 $54,708 $42,423 $42,423
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