American Turkish Society Inc
- Assets
- $1.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Brooklyn, NY
- Founding
- 09/1950
- Data as of
- 12/2021
- EIN
- 13-1978281
Organization Overview
American Turkish Society Inc is located in Brooklyn, NY. The organization was established in 1950. According to its NTEE Classification (Q20) the organization is classified as: Promotion of International Understanding, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, American Turkish Society Inc employed 2 individuals. This organization is the central organization for a national or regional group of organizations. American Turkish Society 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, American Turkish Society Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $519.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, American Turkish Society Inc has awarded 12 individual grants totaling $108,233. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN TURKISH SOCIETY'S MISSION IS TO ENHANCE BUSINESS, ECONOMIC, AND CULTURAL TIES BETWEEN TURKEY AND THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOCIETY PROVIDED SCHOLARSHIPS TO TURKISH STUDENTS FOR THEIR EDUCATION AT "JUILIARD AND "BERKLEE", COVERED TRANSPORTATION AND ACCOMMODATION COSTS OF TURKISH STUDENTS TO ATTEND "SCHOOL OF VISUAL ARTS PROGRAMS", "LEHIGH UNIVERSITY IACOCCA INSTITUTE AND "NYU SUMMER MATH PROGRAM FOR YOUNG SCHOLARS", PROVIDED FUNDING TO THE TURKISH ARTISTS IN RELATION TO THE PRODUCTION AND DEVELOPMENT OF VARIOUS PROJECTS (A STUDIO RECORDING, A WEBSITE, A PODCAST, AND POST-PRODUCTION PHASES OF TWO DOCUMENTARY FILMS)THE SOCIETY ALSO ORGANIZED WEBINARS COVERING A WIDE SPECTRUM OF TOPICS AMONG VARIOUS SPEAKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
E Janset Batibay Executive Director | Officer | 40 | $105,000 |
Suzan Sabanci Dincer Co Chair | OfficerTrustee | 15 | $0 |
Michael Roberts Co Chair | OfficerTrustee | 15 | $0 |
Lawrence M Kaye Vice Chair | OfficerTrustee | 10 | $0 |
A Umit Taftali Vice Chair | OfficerTrustee | 10 | $0 |
Metin Negrin Treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $77,678 |
| Fundraising events | $669,320 |
| Related organizations | $0 |
| Government grants | $33,405 |
| All other contributions, gifts, grants, and similar amounts not included above | $484,461 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,264,864 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$169,298 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,102,621 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,950 |
| Grants and other assistance to domestic individuals. | $14,160 |
| Grants and other assistance to Foreign Orgs/Individuals | $54,669 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $111,046 |
| Compensation of current officers, directors, key employees. | $22,209 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,331 |
| Pension plan accruals and contributions | $1,967 |
| Other employee benefits | $4,741 |
| Payroll taxes | $13,144 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $125 |
| Fees for services: Accounting | $37,486 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,250 |
| Advertising and promotion | $7,284 |
| Office expenses | $12,677 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,424 |
| Travel | $25,033 |
| 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 | $0 |
| Insurance | $4,453 |
| All other expenses | $9,852 |
| Total functional expenses | $519,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,058,325 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $25,930 |
| 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 | $1,208 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,000 |
| Total assets | $1,087,463 |
| Accounts payable and accrued expenses | $21,250 |
| 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 | $21,250 |
| Net assets without donor restrictions | $1,051,213 |
| Net assets with donor restrictions | $15,000 |
| 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 | $1,087,463 |
Grants Awarded
Over the last fiscal year, American Turkish Society Inc has awarded $24,150 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: FELLOWSHIP | $15,000 |
Boston, MA PURPOSE: FELLOWSHIP | $9,150 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Turkish Society Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asia Society New York, NY | $142,731,939 | $32,268,981 |
Alliance For Open Society International Inc New York, NY | $43,304,993 | $33,954,105 |
Harvard-Yenching Institute Cambridge, MA | $357,386,063 | $5,038,189 |
Idealistorg Inc New York, NY | $8,884,686 | $10,106,263 |
Middle East Forum Philadelphia, PA | $5,601,334 | $8,052,985 |
Americas Society Inc New York, NY | $65,186,397 | $5,307,206 |
China Institute In America Incorporated New York, NY | $39,618,019 | $6,570,371 |
American-Scandinavian Foundation New York, NY | $56,118,805 | $3,574,288 |
Peaceworks Network Foundation New York, NY | $9,232,893 | $2,717,484 |
Auschwitz Instut For The Prevention Of Genocide And Mass Atrocities New York, NY | $427,684 | $2,862,009 |
Korea Society New York, NY | $30,574,587 | $3,688,770 |
Netherland-America Foundation Incorporated New York, NY | $8,725,622 | $2,894,571 |