| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Tara Hofmann | President | $248,523 |
| 2 | Marlene Baker | Chief External Relations/Communications Officer | $196,549 |
| 3 | Keri Dooley | Chief Government Relations | $181,128 |
|
1 Name: Tara Hofmann Title: President Compensation: $248,523 |
|
2 Name: Marlene Baker Title: Chief External Relations/Communications Officer Compensation: $196,549 |
|
3 Name: Keri Dooley Title: Chief Government Relations Compensation: $181,128 |
According to the AFS-USA audit of June 30, 2021 (Note 1 re: Organization): "AFS-USA has a network of approximately 76 teams that support inbound and outbound students. Of these, 47 have affiliated chapters, as described below, while 29 do not. The financial activities of these teams are included in the [audited] financial statements of AFS-USA. "Participating Chapters are affiliated community-based organizations that may engage in fund-raising activities, sponsor students going abroad, and support host families and hosted students. Revenues and expenses of Participating Chapters are included in the [audited] statement of activities under net assets without donor restrictions." |
According to the AFS-USA audit of June 30, 2021 (Note 5, Contributions and Donated Goods and Services), AFS-USA received donated in-kind goods and services in fiscal 2021 on which it placed a total value of $453,233, including $443,418 in donated "Web campaign services." [Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.] |
According to the AFS-USA audit of June 30, 2021 (Note 12, Notes Payable, Commitments and Contingencies, Paycheck Protection Program Loans): "On April 27, 2020, AFS-USA (the 'Borrower') was granted a loan (the 'Loan') from SRI Federal Credit Union, in the aggregate amount of $2,758,220, pursuant to the Small Business Administration Paycheck Protection Program (the 'PPP') under...the CARES [Coronavirus Aid, Relief and Economic Security] Act, which was enacted March 27, 2020. The Loan, which was in the form of a note dated April 27, 2020 issued by the Borrower, was to mature on March 27, 2022 and bore interest at a rate of 1% per annum, payable monthly commencing on October 27, 2020. Funds from the Loan may only be used for payroll costs, costs used to continue group health care benefits, mortgage payments, rent, and utilities. The Organization used the entire Loan amount for qualifying expenses and was fully forgiven in June 2021. "In March 2021, AFS-USA applied for, and received, an additional loan under the second round of the PPP totaling $731,010. The loan bears interest at a rate of 1% per annum, and is payable monthly commencing on August 2021, unless forgiven prior to this date. "On June 16, 2021, the initial loan was forgiven in full, including $2,758,220 in principal and $31,361 in interest. On July 7, 2021, the second loan was forgiven in full, including $731,010 in principal and $3,084 in interest." |
According to the AFS-USA audit of June 30, 2021 (Note 6, Transactions with AFS Network Partners): "In fiscal 2021, AFS-USA received approximately $320,000 in hosting transfer fees from its AFS Network partners, while paying $280,000 in transfer fees to them. In addition, AFS-USA compensated certain of its AFS Network partners approximately $1.22 million in 2021 for work performed by them in connection with a number of government grant-funded programs..." |
