America-Israel Cultural Foundation Inc
- Assets
- $5.7m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 4
- Location
- New York, NY
- Founding
- 05/1951
- Data as of
- 12/2021
- EIN
- 13-1664048
Organization Overview
America-Israel Cultural Foundation Inc is located in New York, NY. The organization was established in 1951. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, America-Israel Cultural Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. America-Israel Cultural Foundation 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 12/2021, America-Israel Cultural Foundation Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $3.5m during the year ending 12/2021. While expenses have increased by 8.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE MISSION OF THE AMERICA-ISRAEL CULTURAL FOUNDATION (AICF) IS TO SUPPORT AND DEVELOP ARTISTIC LIFE IN ISRAEL BY AWARDING SCHOLARSHIPS AND GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CULTURAL ENRICHMENT GRANTS AND SPECIAL PROJECTS-PROFESSIONAL DEVELOPMENT, MENTORSHIP AND GUIDANCE OF VARIOUS CULTURAL INSTITUTIONS AND INDIVIDUAL ARTISTS WHO BEST REPRESENT ISRAELI CULTURE INTERNATIONALLY
SCHOLARSHIPS PROGRAMS- A WIDE RANGED PROGRAM GRANTING SCHOLARSHIPS IN ALL CATEGORIES OF THE ARTS, MAINLY FOR STUDY IN ISRAEL AND A FEW FOR STUDY ABROAD, INCLUDING THE US.
OTHER GRANTS AND SPECIAL PROJECTS-PROMOTION OF ISRAELI CULTURE INTERNATIONALLY AND SUPPORT OF THE EARLY CAREERS OF YOUNG ARTIST.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Jacobs Treasurer | OfficerTrustee | 10 | $0 |
Judith Klebanow Secretary | OfficerTrustee | 5 | $0 |
Scott Mortman Israel Chair | OfficerTrustee | 5 | $0 |
Kristina Reiko Cooper Vice President | OfficerTrustee | 5 | $0 |
Lynn Bartner Wiesel Exec Officer | OfficerTrustee | 5 | $0 |
Joseph Hollander President | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,102 |
| Related organizations | $0 |
| Government grants | $53,812 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,838,495 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,893,409 |
| Total Program Service Revenue | $0 |
| Investment income | $94,067 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $279,682 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,348,442 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,700,032 |
| 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 | $338,809 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,358 |
| Payroll taxes | $12,645 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,644 |
| Fees for services: Accounting | $136,723 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,508 |
| Advertising and promotion | $71,285 |
| Office expenses | $22,769 |
| Information technology | $5,765 |
| Royalties | $0 |
| Occupancy | $44,703 |
| Travel | $19,342 |
| 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 | $14,899 |
| Insurance | $4,886 |
| All other expenses | $260 |
| Total functional expenses | $3,495,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,628 |
| Savings and temporary cash investments | $365,889 |
| Pledges and grants receivable | $42,660 |
| 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 | $13,543 |
| Net Land, buildings, and equipment | $93,322 |
| Investments—publicly traded securities | $4,129,253 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $917,264 |
| Total assets | $5,736,559 |
| Accounts payable and accrued expenses | $117,657 |
| 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 | $117,657 |
| Net assets without donor restrictions | $1,804,693 |
| Net assets with donor restrictions | $3,814,209 |
| 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 | $5,736,559 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that America-Israel Cultural Foundation Inc has recieved totaling $204,388.
| Awarding Organization | Amount |
|---|---|
The Leonard And Sophie Davis Fund San Francisco, CA PURPOSE: SUPPORT FOR SOCIAL SERVICE PROGRAMS OR EDUCATIONAL PROGRAMS | $30,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $27,922 |
Edwin L Berger Tr Uw O Pittsburgh, PA PURPOSE: GENERAL OPERATING | $25,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $25,000 |
Shirley & William R Fleischer Foundation Inc New York, NY PURPOSE: CHARITABLE CONTRIBUTION | $22,000 |
Blue Grass Community Foundation Inc Lexington, KY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $13,200 |
Endowment Analysis
| Beg. Balance | $3,805,007 |
| Earnings | $450,480 |
| Grants | $450,480 |
| Ending Balance | $3,805,007 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Democracy Prep Public Schools New York, NY | $18,413,140 | $22,499,463 |
Theatre Development Fund Inc New York, NY | $10,654,511 | $12,739,705 |
New England Foundation For The Arts Inc Boston, MA | $37,132,144 | $19,074,510 |
New York Foundation For The Arts Inc Brooklyn, NY | $8,779,392 | $10,995,267 |
Moving Picture Institute New York, NY | $5,367,184 | $7,460,439 |
Liz Claiborne & Art Ortenberg Foundation New York, NY | $208,358,667 | $11,296,700 |
Pseg Foundation Inc Newark, NJ | $49,926,270 | $78,342 |
United Way Of Lancaster County Lancaster, PA | $8,532,432 | $6,314,775 |
Art Of Problem Solving Initiative Inc New York, NY | $11,649,838 | $7,944,885 |
Performance Zone Inc New York, NY | $3,205,718 | $5,815,345 |
America-Israel Cultural Foundation Inc New York, NY | $5,736,559 | $3,348,442 |
Music Performance Trust Fund New York, NY | $10,128,887 | $4,587,841 |