Polish-American Freedom Foundation
- Assets
- $272.6m
- Revenue
- $19.9m
- Investments
- $193.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2016
- Data as of
- 12/2022
- EIN
- 52-2193529
Organization Overview
Polish-American Freedom Foundation is located in New York, NY. The organization was established in 2016. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Polish-American Freedom Foundation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Polish-American Freedom Foundation generated $19.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 32.5% each year . All expenses for the organization totaled $14.7m during the year ending 12/2022. 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
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerzy Kozminski President And Ceo, Director | OfficerTrustee | 50 | $182,053 |
Andrew Nagorski Chairman, Director | Trustee | 2.2 | $18,100 |
Alfred Bie Director | Trustee | 1 | $14,103 |
Anna Fornalczyk Director | Trustee | 0.6 | $14,103 |
Katarzyna Kieli Director | Trustee | 0.2 | $14,103 |
Krzysztof Pawlowski Director | Trustee | 0.3 | $14,103 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Monticello Associates Investment Manager | 12/30/22 | $225,000 |
Gardner Russo & Quinn Llc Investment Manager | 12/30/22 | $179,127 |
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 | $16,404 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,404 |
| Total Program Service Revenue | $677,418 |
| Investment income | $1,336,022 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,848,881 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,878,725 |
| 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 | $11,791,176 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $511,365 |
| Compensation of current officers, directors, key employees. | $268,232 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $789,599 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $54,244 |
| Payroll taxes | $130,670 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $79,785 |
| Fees for services: Accounting | $107,804 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $50,130 |
| Fees for services: Investment Management | $506,225 |
| Fees for services: Other | $50,114 |
| Advertising and promotion | $13,088 |
| Office expenses | $52,385 |
| Information technology | $12,425 |
| Royalties | $0 |
| Occupancy | $122,233 |
| Travel | $58,450 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $79,915 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $120,697 |
| Insurance | $23,922 |
| All other expenses | $0 |
| Total functional expenses | $14,656,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,084,645 |
| Savings and temporary cash investments | $13,761,689 |
| 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 | $71,109 |
| Net Land, buildings, and equipment | $4,067,580 |
| Investments—publicly traded securities | $55,021,393 |
| Investments—other securities | $193,304,603 |
| Investments—program-related | $4,289,127 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $272,600,146 |
| Accounts payable and accrued expenses | $206,402 |
| Grants payable | $8,019,031 |
| 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 | $8,225,433 |
| Net assets without donor restrictions | $264,358,309 |
| Net assets with donor restrictions | $16,404 |
| 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 | $272,600,146 |