America-Israel Cultural Foundation Inc
- Assets
- $4.7m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 5
- Location
- New York, NY
- Founding
- 05/1951
- Data as of
- 12/2022
- 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 12/2022, America-Israel Cultural Foundation Inc employed 5 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 12/2022, America-Israel Cultural Foundation Inc generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. 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
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
OTHER GRANTS AND SPECIAL PROJECTS-PROMOTION OF ISRAELI CULTURE INTERNATIONALLY AND SUPPORT OF THE EARLY CAREERS OF YOUNG ARTIST.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Iris Reff Ronen CEO | 50 | $298,009 | |
Sasha Bau Board Member | Trustee | 10 | $0 |
Amyt Eckstein Board Member | Trustee | 10 | $0 |
Joseph Hollander President | OfficerTrustee | 10 | $0 |
Julie Jacobs Treasurer | OfficerTrustee | 10 | $0 |
Judith Klebanow Secretary | OfficerTrustee | 5 | $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 | $1,867,990 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,867,990 |
| Total Program Service Revenue | $0 |
| Investment income | $288,170 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,156,160 |
| 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 | $794,336 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $298,009 |
| Compensation of current officers, directors, key employees. | $44,701 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $145,488 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,012 |
| Payroll taxes | $25,300 |
| 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 | $146,208 |
| Advertising and promotion | $84,684 |
| Office expenses | $28,497 |
| Information technology | $8,882 |
| Royalties | $0 |
| Occupancy | $27,740 |
| Travel | $35,269 |
| 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 | $17,025 |
| Insurance | $10,014 |
| All other expenses | $1,099 |
| Total functional expenses | $2,621,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,126 |
| Savings and temporary cash investments | $941,937 |
| Pledges and grants receivable | $69,525 |
| 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 | $27,975 |
| Net Land, buildings, and equipment | $81,971 |
| Investments—publicly traded securities | $2,454,814 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $922,164 |
| Total assets | $4,659,512 |
| Accounts payable and accrued expenses | $204,133 |
| 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 | $204,133 |
| Net assets without donor restrictions | $650,372 |
| Net assets with donor restrictions | $3,805,007 |
| 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 | $4,659,512 |