Societe Culinaire Philanthropique
- Assets
- $30.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1997
- Data as of
- 06/2022
- EIN
- 13-1325135
Organization Overview
Societe Culinaire Philanthropique is located in New York, NY. The organization was established in 1997. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Societe Culinaire Philanthropique is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 06/2022, Societe Culinaire Philanthropique generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ASSISTING MEMBERS BY FOSTERING A SENSE OF FRATERNITY AMONG ITS COLLEAGUES AND PROMOTING THE GOODWILL AND CAMARADERIE BY MENTORING AND CONNECTING TO OTHER CHEFS IN THE FRENCH CULINARY FIELD TO MAINTAIN OUR FRENCH HERITAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE BENEFITS TO MEMBERS OR THEIR DEPENDENTS TO ASSIST THEM IN CASE OF SICKNESS, DISTRESS, UNEMPLOYMENT, RETIREMENT, DEATH OR OTHER NEED, IN ACCORDANCE WITH AN ESTABLISHED SYSTEM FOR PAYMENT OF BENEFITS. DURING THE YEAR ENDED JUNE 30, 2022, THE ORGANIZATION MADE QUARTERLY RETIREMENT PAYMENTS TO APPROXIMATELY 158 MEMBERS. 8 PAYMENTS OF SICKNESS BENEFITS WERE PAID TO MEMBERS AND THE SOCIETE PAID DEATH BENEFITS TO THE BENEFICIARIES OF 7 DECEASED MEMBERS.
PROVIDE SUPPORT TO RELATED ORGANIZATIONS. DUE TO COVID-19, THE SOCIETE'S ANNUAL FUNDRAISING PICNIC, WHICH WAS TO BE HELD SEPTEMBER 12, 2021 ON THE GROUNDS OF THE HOME IN NEW PALTZ, NEW YORK, WAS CANCELLED.. A PICNIC IS HOPING TO BE ON SCHEDULED FOR SEPTEMBER 10, 2023.
CONDUCT ACTIVITIES AND EVENTS TO CULTIVATE THE SOCIAL AND FRATERNAL FEELING AMONG MEMBERS. THE SOCIETE'S CHAPTERS EACH HELD AN ANNUAL MEETING ALONG WITH EVENTS AND ACTIVITIES FOR MEMBERS IN THEIR GEOGRAPHIC AREA. THE NEWSLETTERS PUBLISHED DURING THE YEAR INFORMED MEMBERS OF THE SOCIETE ACTIVITIES AS WELL AS PROVIDED INFORMATION RELATED TO THE CULINARY FIELD.
TO PROMOTE THE PRACTICE OF THE FRENCH CULINARY ARTS AND THE USE OF THE FRENCH LANGUAGE IN THE CULINARY PROFESSION. THE SOCIETE PROVIDED SCHOLARSHIP FUNDING FOR THE STUDENTS OF SIX CULINARY SCHOOLS. THE SOCIETE SUPPORTED THE PROGRAMS OF TWO FRENCH SPEAKING ORGANIZATIONS PROMOTING THE FRENCH LANGUAGE AND CULTURE, INCLUDING SUPPORTING THE EFFORTS OF THE FRENCH CONSULATE AND FRENCH CULTURAL CENTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henri Dubarry Chair/trustee | OfficerTrustee | 5 | $0 |
Pascal Guillotin President/trustee | OfficerTrustee | 5 | $0 |
Jean F Claude Vice President | OfficerTrustee | 4 | $0 |
Susan Lifrieri-Lowry Vice President | OfficerTrustee | 4 | $0 |
Maurice Pailleret Vice President/trustee | OfficerTrustee | 4 | $0 |
Luc Holie Treasurer | OfficerTrustee | 3 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $32,716 |
| Investment income | $777,892 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $353,965 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,155,004 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,350 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $862,478 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,525 |
| Fees for services: Accounting | $18,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,259 |
| Fees for services: Other | $2,750 |
| Advertising and promotion | $0 |
| Office expenses | $17,352 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,236 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,343 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,480 |
| All other expenses | $2,698 |
| Total functional expenses | $1,234,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400,477 |
| Savings and temporary cash investments | $1,588,666 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| 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 | $28,751 |
| Investments—publicly traded securities | $28,135,074 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,152,968 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $30,152,968 |
| 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 | $30,152,968 |
Grants Awarded
Over the last fiscal year, Societe Culinaire Philanthropique has awarded $27,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NEW YORK CITY COLLEGE OF TECHNOLOGY FOUNDATION PURPOSE: SCHOLARSHIP FUND/ INTERNATIONAL WORK STUDY PROGRAM | $17,500 |
ACADEMIE CULINAIRE DE FRANCE - USA PURPOSE: COMPETITION SPONSORSHIP | $10,000 |