Netherland-America Foundation Incorporated
- Assets
- $7.9m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 7
- Location
- New York, NY
- Founding
- 04/1980
- Data as of
- 12/2022
- EIN
- 13-2989216
Organization Overview
Netherland-America Foundation Incorporated is located in New York, NY. The organization was established in 1980. 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 12/2022, Netherland-America Foundation Incorporated employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Netherland-America Foundation Incorporated 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, Netherland-America Foundation Incorporated generated $2.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. While expenses have increased by 3.1% per year over the past 8 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.
Since 2015, Netherland-America Foundation Incorporated has awarded 16 individual grants totaling $153,000. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BUILDING ON THEHERITAGE & VALUES SHARED BETWEEN THE PEOPLES OF THE NETHERLANDS & THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED IN 1921, THE NAF IS ACTIVE IN THE FOLLOWING AREAS:NAF-FULBRIGHT FELLOWSHIPS:AWARDED TO DUTCH AND AMERICAN STUDENTS PURSUING GRADUATE LEVEL STUDIES AT UNIVERSITIES IN EACH OTHER'S COUNTRIES, FUNDED BY THE WILHELMINA AND LEENDERT REUVERS EDUCATIONAL FUND, THE LOET AND EDITH VELMANS EDUCATION FUND, AND PROCEEDS FROM THE NAF BALL.SCHOLARSHIPS:AWARDED TO HIGH-ACHIEVING DUTCH STUDENTS FOR SUMMER ACADEMIC STUDY AND INTERNSHIPS IN WASHINGTON, DC, FUNDED BY PROCEEDS FROM THE NAF AMBASSADORS' AWARDS DINNER. (CONTINUE ON SCHEDULE O)INTERNSHIP GRANTS:AWARDED TO HIGH-ACHIEVING AND LOW-INCOME STUDENTS THROUGH BOTH THE DUTCH2USA AND USA2HOLLAND INTERNSHIP PROGRAM. AWARDED TO GRADUATES OF THE MASTER GLOBAL HEALTH PROGRAM AT MAASTRICHT UNIVERSITY, THE HEERSINK FAMILY GLOBAL HEALTH INTERNSHIP FUND HELPS GRADUATES PURSUE AN INTERNSHIP IN THE UNITED STATES.INTEREST-FREE STUDY LOANS:AWARDED TO DUTCH STUDENTS SEEKING TO STUDY IN THE UNITED STATES AND, ON SIMILAR TERMS, TO AMERICAN STUDENTS SEEKING TO STUDY IN THE NETHERLANDS. FUNDING SOURCES INCLUDE THE MAARTEN VAN HENGEL MEMORIAL FUND, MARK PIGOTT FAMILY EDUCATION FUND, SAMUEL FREEMAN CHARITABLE TRUST AND NAF STUDY LOAN FUND.J1 VISA SPONSORSHIP:FOR DUTCH STUDENTS PARTICIPATING IN INTERNSHIPS OR TRAINEESHIPS IN THE UNITED STATES.BUSINESS EXCHANGE:SUPPORTING THE EXCHANGE OF VIEWPOINTS, EXPERTISE AND IDEAS AMONGST MEMBERS OF THE BUSINESS COMMUNITY AT NAF MEETINGS AND LECTURES.CULTURAL GRANTS:SUPPORTING EXCHANGE BETWEEN THE UNITED STATES AND THE NETHERLANDS, FOR ALL AREAS OF THE ARTS. BOTH EMERGING ARTISTS AS WELL AS ESTABLISHED ORGANIZATIONS ARE ELIGIBLE.FRIENDS FUNDS:FACILITATING FUNDRAISING IN THE UNITED STATES FOR DUTCH CULTURAL AND EDUCATIONAL INSTITUTIONS. THE NAF'S FISCAL SPONSORSHIP PROGRAM PROVIDES A SIMILAR ARRANGEMENT FOR INDIVIDUAL PROJECTS. THROUGH THIS STRUCTURE, U.S. DONORS' GIFTS ARE TAX-DEDUCTIBLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Bender Chairman | OfficerTrustee | 16 | $0 |
Michiel Van Schaardenburg Treasurer | OfficerTrustee | 8 | $0 |
Michiel Vissern Secretary | OfficerTrustee | 8 | $0 |
Paul Beiboer Director | Trustee | 4 | $0 |
Ennius Bergsma Director | Trustee | 4 | $0 |
Merijn Boender Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $756,854 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,100,465 |
| Noncash contributions included in lines 1a–1f | $11,819 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,857,319 |
| Total Program Service Revenue | $0 |
| Investment income | $236,648 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$82,083 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,106,887 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $58,800 |
| Grants and other assistance to domestic individuals. | $160,689 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,045,211 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $190,566 |
| Compensation of current officers, directors, key employees. | $38,113 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $270,514 |
| Pension plan accruals and contributions | $6,787 |
| Other employee benefits | $29,350 |
| Payroll taxes | $31,630 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $23,000 |
| Fees for services: Investment Management | $35,117 |
| Fees for services: Other | $134,613 |
| Advertising and promotion | $0 |
| Office expenses | $9,644 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $58,977 |
| Travel | $11,578 |
| 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 | $2,580 |
| Insurance | $7,113 |
| All other expenses | $10,841 |
| Total functional expenses | $2,362,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,445 |
| Savings and temporary cash investments | $735,155 |
| Pledges and grants receivable | $74,759 |
| Accounts receivable, net | $377,219 |
| 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 | $16,272 |
| Net Land, buildings, and equipment | $1,290 |
| Investments—publicly traded securities | $6,497,980 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $123,329 |
| Total assets | $7,918,449 |
| Accounts payable and accrued expenses | $134,300 |
| Grants payable | $27,137 |
| Deferred revenue | $1,350 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $19,000 |
| 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 | $112,430 |
| Total liabilities | $294,217 |
| Net assets without donor restrictions | $5,474,530 |
| Net assets with donor restrictions | $2,149,702 |
| 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 | $7,918,449 |
Grants Awarded
Over the last fiscal year, Netherland-America Foundation Incorporated has awarded $17,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JULLIARD SCHOOL PURPOSE: CULTURAL GRANTS | $10,000 |
NEW YORK CENTER PURPOSE: CULTURAL GRANTS | $7,500 |