The American Austrian Foundation Inc
- Assets
- $10.1m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 3
- Location
- New York, NY
- Founding
- 04/1985
- Data as of
- 12/2021
- EIN
- 13-3275103
Organization Overview
The American Austrian Foundation Inc is located in New York, NY. The organization was established in 1985. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, American Austrian Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Austrian 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, American Austrian Foundation Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. 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
PROVIDE QUALIFIED INDIVIDUALS WITH FELLOWSHIPS TO PURSUE POSTGRADUATE EDUCATION IN MEDICINE, MEDIA AND THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALZBURG MEDICAL SEMINARS - MEDICAL EDUCATION SEMINARS TO EDUCATE AUSTRIAN, EASTERN EUROPEAN, AFRICAN, MEXICAN AND AMERICAN PHYSICIANS.
YOUNG CURATORS EXCHANGE - DIRECTORS FROM LEADING US AND AUSTRIAN MUSEUMS SELECT A YOUNG CURATOR FROM THEIR RESPECTIVE INSTITUTION TO SPEND UP TO A MONTH IN AUSTRIA AND THE U.S., RESPECTIVELY.
AAF/FABER FELLOWSHIP FOR YOUNG CONDUCTORS - FELLOWSHIP FOR U.S. CONDUCTORS TO ATTEND THE SALZBURG FESTIVAL OBSERVING THE WORLD'S LEADING CONDUCTORS AND ARTISTS AT WORK DURING REHEARSALS AND PERFORMANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Wolfgang K Aulitzky Medical Director & Trustee | Trustee | 35 | $200,000 |
Mrs Katharine Eltz - Aulitzky Executive Director | 35 | $128,400 | |
Mr Thomas J Mcgrath Chairman & Trustee | OfficerTrustee | 2 | $0 |
Mr Stephen Harnik Secretary & Trustee | OfficerTrustee | 2 | $0 |
Mr Karl-Heinz Faber Treasurer & Trustee | OfficerTrustee | 2 | $0 |
Mr Robert P Wessley President & Trustee | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $400,390 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,960,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,360,640 |
| Total Program Service Revenue | $0 |
| Investment income | $295,407 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $560 |
| Net Income from Fundraising Events | $74,684 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,731,291 |
| 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 | $815,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $200,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $157,892 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,455 |
| Payroll taxes | $14,298 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,285 |
| Advertising and promotion | $0 |
| Office expenses | $5,097 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $272,632 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,444 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $310 |
| Insurance | $2,461 |
| All other expenses | $0 |
| Total functional expenses | $1,543,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,621,379 |
| Savings and temporary cash investments | $671,984 |
| Pledges and grants receivable | $1,075,450 |
| 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 | $5,788 |
| Net Land, buildings, and equipment | $852 |
| Investments—publicly traded securities | $5,240,608 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500,000 |
| Total assets | $10,116,061 |
| Accounts payable and accrued expenses | $456,277 |
| Grants payable | $835,000 |
| 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 | $1,291,277 |
| Net assets without donor restrictions | $1,298,469 |
| Net assets with donor restrictions | $7,526,315 |
| 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 | $10,116,061 |
Grants Awarded
Over the last fiscal year, The American Austrian Foundation Inc has awarded $25,760 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WEILL CORNELL MEDICAL COLLEGE PURPOSE: SEE PART IV SUPPLEMENTAL INFORMATION | $20,760 |
Philadelphia, PA PURPOSE: CONFERENCE ON MEDIA AND HUMAN RIGHTS ADVOCACY | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that The American Austrian Foundation Inc has recieved totaling $1,667,121.
| Awarding Organization | Amount |
|---|---|
Foundation To Promote Open Society New York, NY PURPOSE: TO SUPPORT THE ORGANIZATION, THEIR SALZBURG MEDICAL SEMINARS PROGRAM AND PUBLIC HEALTH SEMINARS, WHICH AIM TO IMPROVE THE QUALITY OF HEALTH CARE BY EDUCATING MEDICAL AND PUBLIC HEALTH PROFESSIONALS AND FOSTERING THEIR DEVELOPMENT AS TEACHERS AND LEADERS | $1,150,000 |
Foundation To Promote Open Society New York, NY PURPOSE: TO SUPPORT EDUCATION AND DEVELOPMENT OF LOCAL SUB-SPECIALIST DOCTOR FELLOWS IN ROMANIA, SLOVAKIA, HUNGARY, AND SERBIA | $370,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $56,661 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY PURPOSE: GENERAL TAX EXEMPT PURPOSES | $20,000 |
Eacho Family Foundation Bethesda, MD PURPOSE: HEALTH | $18,000 |
Hospital For Special Surgery Fund Inc New York, NY PURPOSE: GENERAL SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Japan Society Inc New York, NY | $91,776,832 | $10,515,982 |
Kutztown University Foundation Kutztown, PA | $74,779,996 | $14,561,087 |
French Institute-Alliance Francaise New York, NY | $24,965,114 | $8,095,199 |
Center For Jewish History Inc New York, NY | $52,466,984 | $9,804,079 |
Japanese Childrens Society Inc Englewood Cliffs, NJ | $6,760,346 | $7,633,011 |
National Yiddish Book Center Inc Amherst, MA | $63,979,400 | $12,290,218 |
Hispanic Society Of America New York, NY | $100,790,486 | $5,124,176 |
Columbus Citizens Foundation Inc New York, NY | $32,932,983 | $6,043,809 |
Swiss Institute New York, NY | $5,483,468 | $4,486,430 |
Greater Philadelphia Falun Dafa Association Philadelphia, PA | $1,063,316 | $4,579,656 |
The Workmens Circle Arbeter Ring Incorporated New York, NY | $40,155,204 | $3,248,855 |
An Claidheamh Soluis Inc New York, NY | $72,072,476 | $13,153,865 |