Cerge-Ei Foundation
- Assets
- $12.3m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- 01/1995
- Data as of
- 12/2023
- EIN
- 25-1725738
Organization Overview
Cerge-Ei Foundation is located in New York, NY. The organization was established in 1995. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Cerge-Ei Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cerge-Ei Foundation 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 12/2023, Cerge-Ei Foundation generated $3.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $4.3m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ECONOMICS EDUCATION AND RESEARCH IN THE POST-COMMUNIST COUNTRIES OF CENTRAL AND EASTERN EUROPE INCLUDING THE FORMER SOVIET UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CERGE-EI TEACHING FELLOWSHIPS SUPPORT WESTERN-TRAINED GRADUATE STUDENTS AND POST-DOCTORAL TEACHERS IN THE EFFORT TO EXPAND THE TEACHING OF MODERN MARKET ECONOMICS TO UNDERGRADUATES IN A REGION WHERE IT WAS PREVIOUSLY UNKNOWN. THE TEACHING FELLOWS PROGRAM PROVIDED OVER 175 COURSES TO MORE THAN 10,667 STUDENTS IN THE SPRING 2023 SEMESTER. DURING 2023, THE PROGRAM HAD 179 FELLOWS AT 85 UNIVERSITIES IN 23 COUNTRIES.
SUPPORT FOR THE CERGE-EI DOCTORAL PROGRAM IN ECONOMICS FOR PROMISING STUDENTS FROM THE FORMER SOVIET BLOC AND OTHER DEVELOPING NATIONS THAT IS TOTALLY TUITION FREE, BUILDING A BASE OF KNOWLEDGE AND EXPERTISE IN MODERN MARKET ECONOMICS IN A REGION WHERE IT WAS PREVIOUSLY UNKNOWN.
THE UNDERGRADUATE PROGRAM IN CENTRAL EUROPEAN STUDIES IS AN AMERICAN JUNIOR-YEAR STUDY-ABROAD PROGRAM DESIGNED TO EXPAND U.S. STUDENTS' EDUCATION IN THE STUDY OF CENTRAL EUROPE AND TO FURTHER EXPAND KNOWLEDGE OF THE CERGE-EI PROGRAM THROUGH AMERICAN ACADEMIA. AMONG THE NINE SENDING INSTITUTIONS, FOUR WERE SENDING STUDENTS FOR THE FIRST TIME SINCE THE PANDEMIC. THE GROUP HAD A LARGE PROPORTION OF ECONOMICS STUDENTS, WITH TEN PURSUING THE CERTIFICATE IN INTERNATIONAL ECONOMICS & FINANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Burkhard Dallosch Chairman | OfficerTrustee | 1 | $0 |
Julia R Bryan Vice Chair | OfficerTrustee | 1 | $0 |
Boris A Borozan Treasurer | OfficerTrustee | 1 | $0 |
Filip Kaspar Secretary/administrative Director | OfficerTrustee | 40 | $46,920 |
Orley Ashenfelter Member | Trustee | 1 | $0 |
Marc S Ellenbogen Member | Trustee | 1 | $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 | $1,812,303 |
| Noncash contributions included in lines 1a–1f | $50,985 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,812,303 |
| Total Program Service Revenue | $1,264,900 |
| Investment income | $522,163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $68,421 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,669,896 |
| 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 | $2,095,464 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $204,226 |
| Compensation of current officers, directors, key employees. | $40,863 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,116 |
| Pension plan accruals and contributions | $2,613 |
| Other employee benefits | $18,207 |
| Payroll taxes | $18,650 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,390 |
| Fees for services: Accounting | $24,452 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $345,195 |
| Advertising and promotion | $0 |
| Office expenses | $2,345 |
| Information technology | $11,224 |
| Royalties | $0 |
| Occupancy | $18,000 |
| Travel | $22,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,510 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,460 |
| Insurance | $2,092 |
| All other expenses | $14,815 |
| Total functional expenses | $4,283,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,296,818 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $72,770 |
| Accounts receivable, net | $8,430 |
| 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 | $10,834 |
| Net Land, buildings, and equipment | $4,658 |
| Investments—publicly traded securities | $10,920,625 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,314,135 |
| Accounts payable and accrued expenses | $80,705 |
| Grants payable | $0 |
| Deferred revenue | $277,885 |
| 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 | $358,590 |
| Net assets without donor restrictions | $4,710,984 |
| Net assets with donor restrictions | $7,244,561 |
| 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 | $12,314,135 |