Nonprofit · EIN 23-7045244
AMERICAN FOREIGN SERVICE ASSOCIATION SCHOLARSHIP FUND
Also known as FOREIGN SERVICE YOUTH SCHOLARSHIPS
Tax-exempt · WASHINGTON, DC 20037
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $741,629 | $601,721 | $139,908 | $18,224,335 | $4,225,127 | $13,999,208 |
| December 31, 2023 | 990 | $2,577,911 | $643,046 | $1,934,865 | $17,159,511 | $4,146,105 | $13,013,406 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $71,696
- Program service revenue
- $0
- Investment income
- $669,933
- Net gain from sales of assets
- $101,808
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $380,499
- Compensation of officers, directors and key employees
- $43,502
- Other salaries and wages
- $90,211
- Salaries, compensation and benefits (total)
- $149,609
- Professional fundraising fees
- $0
- Accounting fees
- $913
- Occupancy
- $6,099
- Travel
- $308
- Depreciation
- $5,761
- Program services (functional)
- $434,710
- Management and general (functional)
- $167,011
Balance sheet and other
- Total assets, start of year
- $17,159,511
- Total assets, end of year
- $18,224,335
- Total liabilities, end of year
- $4,225,127
- Net assets, end of year
- $13,999,208
- Publicly traded securities
- $12,314,156
- Net assets with donor restrictions
- $13,999,208
- Gross receipts
- $1,141,322
- Employees
- 0
- Volunteers
- 61
- Year formed
- 1972
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ASEGIR SIGFUSSON | EXECUTIVE DIRECTOR Officer | 5 | $0 | $235,886 | $25,850 |
| FEMI OSHOBUKOLA | DIRECTOR OF FINANCE Officer | 5 | $0 | $168,561 | $9,177 |
| THOMAS YAZDGERDI | PRESIDENT Trustee or director, Officer | 10 | $0 | $0 | $0 |
| TINA WONG | STATE VICE PRESIDENT Trustee or director, Officer | 10 | $0 | $0 | $0 |
| RANDY CHESTER | USAID VICE PRESIDENT Trustee or director, Officer | 10 | $0 | $0 | $0 |
| JOSHUA BURKE | FCS VICE PRESIDENT Trustee or director, Officer | 10 | $0 | $0 | $0 |
| JOHN NALAND | RETIREE VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| SUE SAARNIO | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| JOHN O'KEEFE | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| EDWARD STAFFORD | RETIREE REPRESENTATIVE Trustee or director | 0.5 | $0 | $0 | $0 |
| MARY DALY | RETIREE REPRESENTATIVE Trustee or director | 0.5 | $0 | $0 | $0 |
| CHRISTOPHER SAENGER | USAID REPRESENTATIVE Trustee or director | 0.5 | $0 | $0 | $0 |
| JOE RAGOLE | APHIS REPRESENTATIVE Trustee or director | 0.5 | $0 | $0 | $0 |
| ZEKE SPEARS | FAS REPRESENTATIVE Trustee or director | 0.5 | $0 | $0 | $0 |
| JAY CARREIRO | FCS REPRESENTATIVE Trustee or director | 0.5 | $0 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LYNTTE BEHNKE | STATE REPRESENTATIVE Trustee or director | 0.5 | $0 |
| C LOGAN WHEELER | STATE REPRESENTATIVE Trustee or director | 0.5 | $0 |
| WHITNEY WIEDMAN | STATE REPRESENTATIVE Trustee or director | 0.5 | $0 |
| GREG FLOYD | STATE REPRESENTATIVE Trustee or director | 0.5 | $0 |
| EVAN MANGINO | FAS VICE PRESIDENT Trustee or director, Officer | 10 | $0 |
| GUNTER SCHWABE | USAGM REPRESENTATIVE Trustee or director | 0.5 | $0 |
| HEATHER PISHKO | STATE REPRESENTATIVE Trustee or director | 0.5 | $0 |
| KIMBERLY MCCLURE | STATE REPRESENTATIVE Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ASEGIR SIGFUSSON | EXECUTIVE DIRECTOR Officer | 5 | $0 | $230,694 | $37,499 |
| FEMI OSHOBUKOLA | DIRECTOR OF FINANCE Officer | 5 | $0 | $162,584 | $8,910 |
| THOMAS YAZDGERDI | PRESIDENT Trustee or director, Officer | 10 | $0 | $0 | $0 |
| TINA WONG | STATE VICE PRESIDENT Trustee or director, Officer | 10 | $0 | $0 | $0 |
| RANDY CHESTER | USAID VICE PRESIDENT Trustee or director, Officer | 10 | $0 | $0 | $0 |
| JOSHUA BURKE | FCS VICE PRESIDENT Trustee or director, Officer | 10 | $0 | $0 | $0 |
| LISA AHRAMJIAN | FAC VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 | $0 |
| JOHN NALAND | RETIREE VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| SUE SAARNIO | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| JOHN O'KEEFE | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| EDWARD STAFFORD | RETIREE REPRESENTATIVE Trustee or director | 0.5 | $0 | $0 | $0 |
| MARY DALY | RETIREE REPRESENTATIVE Trustee or director | 0.5 | $0 | $0 | $0 |
| STEVE HERMAN | USAGM REPRESENTATIVE Trustee or director | 0.5 | $0 | $0 | $0 |
| CHRISTOPHER SAENGER | USAID REPRESENTATIVE Trustee or director | 0.5 | $0 | $0 | $0 |
| JOE RAGPLE | APHIS REPRESENTATIVE Trustee or director | 0.5 | $0 | $0 | $0 |
| ZEKE SPEARS | FAS REPRESENTATIVE Trustee or director | 0.5 | $0 | $0 | $0 |
| JAY CARREIRO | FCS REPRESENTATIVE Trustee or director | 0.5 | $0 | $0 | $0 |
| KIMBERLY HARRINGTON | STATE REPRESENTATIVE Trustee or director | 0.5 | $0 | $0 | $0 |
| LYNTTE BEHNKE | STATE REPRESENTATIVE Trustee or director | 0.5 | $0 | $0 | $0 |
| C LOGAN WHEELER | STATE REPRESENTATIVE Trustee or director | 0.5 | $0 | $0 | $0 |
| WHIYNEY WIEDMAN | STATE REPRESENTATIVE Trustee or director | 0.5 | $0 | $0 | $0 |
| DAVID JOSAR | STATE REPRESENTATIVE Trustee or director | 0.5 | $0 | $0 | $0 |
| GREG FLOYD | STATE REPRESENTATIVE Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2101 E ST NW, WASHINGTON, DC 20037-2916
- Principal officer (990 for 2024)
- ASGEIR SIGFUSSON, 2101 E STEET NW, WASHINGTON, DC 20037
- Signed the 990
- ASGEIR SIGFUSSON, EXECUTIVE DIRECTOR
- Phone
- (202) 338-4045
- Return prepared by
- GROSS MENDELSOHN & ASSOCIATES PA
Mission
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).
Program accomplishments
- SCHOLARSHIPS: THE AFSA SCHOLARSHIP PROGRAM OFFERS COLLEGE AID TO CHILDREN OF AFSA MEMBERS WHOS PARENTS ARE/WERE FOREIGN SERVICE EMPLOYEES. WE PROVIDE FINANCIAL AID SCHOLARSHIPS TO UNDERGRADUATES AND ACADEMIC MERIT AWARDS, ART MERIT AWARDS, AND A COMMUNITY SERVICE AWARD TO GRADUATING HIGH SCHOOL SENIORS. THE ABOVE ACTIVITIES COULD NOT HAPPEN WITHOUT THE GENEROUS BEQUESTS AND DONATIONS FROM THOSE IN THE FOREIGN SERVICE COMMUNITY. NO AFSA MEMBERSHIP DUES ARE USED IN THE AFSA SCHOLARSHIP PROGRAM. THIS ROBUST AFSA MEMBER BENEFIT HAS DISBURSED MORE THAN $4.9 MILLION TO 2,500 STUDENTS IN THE LAST 29 YEARS.Expenses $434,710 · grants $380,499
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7045244
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1972
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82Z)
- Assets (IRS master file)
- $18,224,335
- Income (IRS master file)
- $1,141,322
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $741,629 | $601,721 | $18,224,335 | IRS |
| 990 | December 2023 | $2,577,911 | $643,046 | $17,159,511 | XML |
| 990 | December 2022 | $539,061 | $582,417 | $15,575,557 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7045244).
Questions about AMERICAN FOREIGN SERVICE ASSOCIATION SCHOLARSHIP FUND
- What is the EIN of AMERICAN FOREIGN SERVICE ASSOCIATION SCHOLARSHIP FUND?
- The employer identification number (EIN) of AMERICAN FOREIGN SERVICE ASSOCIATION SCHOLARSHIP FUND is 23-7045244.
- Is AMERICAN FOREIGN SERVICE ASSOCIATION SCHOLARSHIP FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
- Are donations to AMERICAN FOREIGN SERVICE ASSOCIATION SCHOLARSHIP FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AMERICAN FOREIGN SERVICE ASSOCIATION SCHOLARSHIP FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AMERICAN FOREIGN SERVICE ASSOCIATION SCHOLARSHIP FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AMERICAN FOREIGN SERVICE ASSOCIATION SCHOLARSHIP FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AMERICAN FOREIGN SERVICE ASSOCIATION SCHOLARSHIP FUND?
- The 990 for the year ended December 31, 2024 names ASGEIR SIGFUSSON.
- Who are the officers and directors of AMERICAN FOREIGN SERVICE ASSOCIATION SCHOLARSHIP FUND?
- The 990 for the year ended December 31, 2024 lists 23 people; 0 received compensation from the organization.
- How much revenue does AMERICAN FOREIGN SERVICE ASSOCIATION SCHOLARSHIP FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $741,629, expenses of $601,721 and total assets of $18,224,335 at year end.
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