French-American Aid For Children Inc
- Assets
- $6.4m
- Revenue
- $183.4k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/1940
- Data as of
- 12/2023
- EIN
- 13-1616925
Organization Overview
French-American Aid For Children Inc is located in New York, NY. The organization was established in 1940. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. French-American Aid For Children Inc 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 12/2023, French-American Aid For Children Inc generated $183.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $473.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, French-American Aid For Children Inc has awarded 39 individual grants totaling $2,034,950. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF FRENCH AMERICAN AID FOR CHILDREN, INC. IS TO CREATE BRIGHTER AND MORE SUSTAINABLE FUTURES FOR UNDERPRIVILEGED AND VULNERABLE CHILDREN IN THE UNITED STATES AND FRANCE THROUGH VETTED PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE INVITED OUR GRANTEES TO SUBMIT A PROPOSAL FOR THE 2023 FUNDING CYCLE TO ADDRESS THE MENTAL HEALTH CRISIS CHILDREN AND YOUNG ADULTS SUFFERING THROUGHOUT THE WORLD. WE AIM TO WORK TOGETHER TO PROMOTE BETTER ACCESS TO MENTAL HEALTHCARE, CONTINUING EDUCATION AND/OR FOOD SECURITY.ASIDE FROM SUBMITTING A DETAILED ANNUAL PROGRAM REPORT TO THE ORGANIZATION, ALL GRANTEES WERE ALSO REQUIRED TO SUBMIT INTERIM PROGRAM REPORTS AND SHARE SOCIAL MEDIA POSTS. FAAFC REINFORCED CONTACTS, EXCHANGES AND SPECIAL ZOOM MEETINGS WITH THE GRANTEES, BOTH IN THE U.S.A. AND IN FRANCE. IN 2023, WE WERE ABLE TO ORGANIZE TWO SITE-VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mrs Marguerite Mangin President | OfficerTrustee | 12 | $0 |
Mrs Blair England Vice-President | OfficerTrustee | 1 | $0 |
Ms Jennifer P Bowden Treasurer | OfficerTrustee | 1 | $0 |
Mrs Caroline DE Ravel D'esclapon Vice-Treasurer | OfficerTrustee | 2 | $0 |
Mrs Marie-Claude Wrenn-Myers Secretary | OfficerTrustee | 1 | $0 |
Mrs Diane L Ackerman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,673 |
| Fundraising events | $30,660 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,044 |
| Noncash contributions included in lines 1a–1f | $14,915 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,377 |
| Total Program Service Revenue | $0 |
| Investment income | $155,428 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,485 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $183,431 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $190,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $140,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,884 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,581 |
| Fees for services: Other | $39,220 |
| Advertising and promotion | $0 |
| Office expenses | $4,946 |
| Information technology | $1,788 |
| Royalties | $0 |
| Occupancy | $29,363 |
| Travel | $111 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50 |
| Insurance | $4,936 |
| All other expenses | $0 |
| Total functional expenses | $473,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,367 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,986 |
| Accounts receivable, net | $9,167 |
| 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 | $0 |
| Investments—publicly traded securities | $6,366,452 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,318 |
| Total assets | $6,414,290 |
| Accounts payable and accrued expenses | $12,149 |
| 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 | $18,681 |
| Total liabilities | $30,830 |
| Net assets without donor restrictions | $6,383,460 |
| 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 | $6,414,290 |
Grants Awarded
Over the last fiscal year, French-American Aid For Children Inc has awarded $185,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE CHILDREN'S VILLAGE PURPOSE: TO SUPPORT UNDERPRIVILEGED AND VULNERABLE CHILDREN | $60,000 |
KIPS BAY BOYS AND GIRLS' CLUB PURPOSE: TO SUPPORT UNDERPRIVILEGED AND VULNERABLE CHILDREN | $65,000 |
SANCTUARY FOR FAMILIES INC PURPOSE: TO SUPPORT UNDERPRIVILEGED AND VULNERABLE CHILDREN | $60,000 |