American Turkish Friendship Association
- Assets
- $746.3k
- Revenue
- $731.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Chantilly, VA
- Founding
- 07/2006
- Data as of
- 12/2021
- EIN
- 03-0493690
Organization Overview
American Turkish Friendship Association is located in Chantilly, VA. The organization was established in 2006. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, American Turkish Friendship Association employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Turkish Friendship Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, American Turkish Friendship Association generated $731.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $757.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADDRESS THE SOCIAL AND CULTURAL NEEDS OF TURKISH AND AMERICAN FRIENDS LIVING IN THE UNITED STATES
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMERICAN TURKISH FRIENDSHIP ASSOCIATION HOSTS MULTICULTURAL EVENTS DEDICATED TO ADDRESSING THE SOCIAL AND CULTURAL NEEDS OF TURKISH AND AMERICAN FRIENDS LIVING IN THE WASHINGTON DC AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fatih Demir Chairman | Trustee | 2 | $0 |
Asuman Mutlu Secretary | Trustee | 2 | $0 |
Mustafa Bozoklu Treasurer | Trustee | 2 | $0 |
Nevzat Celik CEO | Officer | 40 | $58,333 |
Hakan Atasever Executive Director | Officer | 40 | $76,792 |
Ahmet Cakmak Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $603,171 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $603,171 |
| Total Program Service Revenue | $169,656 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,844 |
| Net Gain/Loss on Asset Sales | -$65,926 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $731,745 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,514 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $342,038 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $91,169 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $277 |
| Office expenses | $11,955 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $130,991 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,366 |
| Interest | $23,299 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,880 |
| Insurance | $2,782 |
| All other expenses | $100,514 |
| Total functional expenses | $757,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,438 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $148,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $466,879 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $746,317 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $442,053 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,239 |
| Total liabilities | $457,292 |
| Net assets without donor restrictions | $289,025 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $746,317 |