Finlandia Foundation New York Metropolitan Chapter Inc
- Assets
- $685.7k
- Revenue
- $74.5k
- Investments
- $0.0
- Employees
- 10
- Location
- Rye, NY
- Founding
- 10/1964
- Data as of
- 12/2022
- EIN
- 13-6165254
Organization Overview
Finlandia Foundation New York Metropolitan Chapter Inc is located in Rye, NY. The organization was established in 1964. 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 12/2022, Finlandia Foundation New York Metropolitan Chapter Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Finlandia Foundation New York Metropolitan Chapter 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, Finlandia Foundation New York Metropolitan Chapter Inc generated $74.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $92.5k during the year ending 12/2022. While expenses have increased by 21.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE CULTURAL EXCHANGE BETWEEN FINLAND AND THE UNITED STATES OF AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FINNISH SCHOOL IS AN EXTRACURRICULAR PROGRAM GEARED TOWARDS THE CHILDREN OF FFNYMC MEMBERS. THE AIM IS TO PRESERVE THE FINNISH HERITAGE AND LANGUAGE AND THE UNIQUE TRADITIONS OF FINNISH CULTURE. THE THEME FOR 2022 WAS SUSTAINABILTY. THE CHILDREN WORKED ON SEVERAL PROJECTS WITH RECYCLED COMMON HOUSEHOLD ITEMS. HOWEVER THE HIGHLIGHT OF THE YEAR WAS THE PARTICIPATION IN THE YOUNG EUROPEAN HERITAGE MAKERS COMPETITION. THE FINNISH SCHOOL OF NY WON THE AGE GROUP AWARD IN FINLAND AND WAS AWARDED ON THE EUROPEAN LEVEL.
PROVIDES SCHOLARSHIPS TO INDIVIDUALS IN ACCORDANCE WITH THE PROGRAM FUND. SEVENTEEN SCHOLARSHIPS WERE GIVEN TO INDIVIDUALS TO STUDY IN UNITED STATES ACCREDITED INSTITUTIONS AND VARIOUS GRANTS AND CONTRIBUTIONS WERE AWARDED.
MEMBERSHIP MEETINGS INFORMING THE PUBLIC OF FINNISH CULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eero Kilpi President | OfficerTrustee | 3 | $0 |
Paula Hoffren Treasurer | OfficerTrustee | 3 | $0 |
Maria Makela Senior Vice-President | OfficerTrustee | 3 | $0 |
Sirkka Mcmenamin Secretary | OfficerTrustee | 3 | $0 |
Elisa Heikkila Director | Trustee | 3 | $0 |
Henrikki Harsu Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,960 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,028 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,988 |
| Total Program Service Revenue | $21,050 |
| Investment income | $9,866 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,569 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $74,473 |
| 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 | $0 |
| 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 | $16,164 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,899 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,960 |
| Advertising and promotion | $879 |
| Office expenses | $7,907 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $5,051 |
| All other expenses | $2,146 |
| Total functional expenses | $92,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,449 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $562,282 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $685,731 |
| Accounts payable and accrued expenses | $0 |
| 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 | $498 |
| Total liabilities | $498 |
| Net assets without donor restrictions | $685,233 |
| Net assets with donor restrictions | $0 |
| 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 | $685,731 |