2022-11-15T14:19:47-08:00 2021-12-31 201116330 Michael S Libock & Co LLC CPAs 349 Kinderkamack Road Westwood NJ 07675 990 2021-01-01 131664048 AMERICA-ISRAEL CULTURAL FOUNDATION INC AMER 2125571600 322 8TH AVENUE 1702 NEW YORK NY 10001 JOSHUA-MARC TANENBAUM President 2022-11-15 true JOSHUA-MARC TANENBAUM 999009999 John F Jilleba CPA P01249386 2012631333 2 AAL1 IAL1 FAL1 2021 2022-09-23 18:48:47Z 322 8TH AVENUE 1702 NEW YORK NY 10001 4574574 false X www.aicf.org X 1939 NY The mission of the America-Israel Cultural Foundation (AICF) is to support and develop artistic life in Israel by awarding scholarships and grants. 12 23 4 0 3739877 2893409 0 158781 373749 75566 81284 3974224 3348442 870993 2700032 0 933059 404812 0 160567 1394180 390319 3198232 3495163 775992 -146721 7179264 5736559 308217 117657 6871047 5618902 X The mission of the America-Israel Cultural Foundation (AICF) is to support and develop artistic life in Israel by awarding scholarships and grants. false false 1839727 1774408 Cultural Enrichment Grants and Special Projects-Professional development, mentorship and guidance of various cultural institutions and individual artists who best represent Israeli culture internationally 1208739 1208739 Scholarships Programs- A wide ranged program granting scholarships in all categories of the arts, mainly for study in Israel and a few for study abroad, including the US. 83146 Other grants and special projects-Promotion of Israeli culture internationally and support of the early careers of young artist. 3131612 true false false false false false false false false false true false false true false true false false false true true true true false false false false false false false false false false false false false false false false false false false false true false false false true 15 0 true 4 true false false false false false false false 0 false false false false false false false X 12 23 false false false false false false false true true false true true true true true true true true true false false X X JODI SANDLER 2125571600 1140 BROADWAY SUITE 304 NEW YORK NY 10001 X Samantha Bratter BOARD MEMBER 10.00 0.00 X 0 0 0 Amy Eckstein Board Member 10.00 0.00 X 0 0 0 JOSEPH HOLLANDER President 10.00 0.00 X X 0 0 0 JULIE JACOBS Treasurer 10.00 0.00 X X 0 0 0 SCOTT MORTMAN ISRAEL CHAIR 5.00 0.00 X X 0 0 0 JUDITH KLEBANOW Secretary 5.00 0.00 X X 0 0 0 KRISTINA REIKO COOPER Vice President 5.00 0.00 X X 0 0 0 LYNN BARTNER WIESEL Exec Officer 5.00 0.00 X X 0 0 0 ALEXANDER BAU BOARD MEMBER 5.00 0.00 X 0 0 0 CAROL STARLEY CHAPTER PRESIDE 5.00 0.00 X 0 0 0 SHIRA STERN BOARD MEMBER 5.00 0.00 X 0 0 0 JOSHUA-MARC TANENBAUM President 5.00 0.00 X 0 0 0 IRIS REFF RONEN CEO 50.00 0.00 0 0 0 0 false false false 0 1102 53812 2838495 2893409 0 94067 94004 63 0 0 0 1505814 1226132 279682 279682 279682 0 0 0 OTHER INCOME 19772 19772 PPP Forgiveness 61512 61512 81284 3348442 373686 81347 0 0 2700032 2700032 0 0 0 338809 220226 50821 67762 0 53358 34683 8004 10671 12645 8219 1897 2529 0 14644 4833 8054 1757 136723 45119 75198 16406 0 0 0 16508 5447 9079 1982 71285 35643 35642 22769 14800 3415 4554 5765 3748 865 1152 0 44703 29056 6706 8941 19342 12573 2901 3868 0 0 0 0 14899 9684 2235 2980 4886 3176 733 977 INVESTMENT FEES 32067 32067 Telecommunications 4100 2665 615 820 Credit Card Fees 1793 1165 269 359 Postage and Shipping 575 374 86 115 260 169 39 52 3495163 3131612 202984 160567 454256 174628 799142 365889 1438381 42660 0 0 0 0 0 30903 13543 294593 201271 109109 93322 3403405 4129253 0 0 0 944068 917264 7179264 5736559 170014 117657 138203 308217 117657 X 3047637 1804693 3823410 3814209 6871047 5618902 7179264 5736559 X -146721 218777 -1315000 -9201 X false true X true false X 1785046 2740167 2349584 3739877 2913182 13527856 0 0 1785046 2740167 2349584 3739877 2913182 13527856 0 13527856 218115 225253 14640 7213 94067 559288 0 125723 93704 75566 294993 14382137 0.94060 0.66470 X 35232 11808 23424 76243 70714 5529 183118 118749 64369 93322 Donated Musical Instruments 914114 Security Deposit 3150 917264 X Part V, Line 4: Intended uses of the endowment fund. To further the mission of the America-Israel Cultural Foundation, inc. by awarding scholarships and grants from the investment earnings of the endowments Part X : FIN48 Footnote The Foundation follows the provisions of the Financial Accounting Standards Board's Accounting Standards Codification ("ASC") 740-10-05 relating to accounting and reporting for uncertainty in income taxes. Because of the Foundation's general tax exempt status, ASC 740-10-05 has not had, and is not expected to have, a material impact on the Foundation's financial statements. true MIDDLE EAST 1 5 PROGRAM SERVICES SCHOLARSHIP & GRANTS 0 1 5 1 5 SCHOLARSHIPS 1 SCHOLARSHIPS MIDDLE EAST 500 350821 CHECKS false false false false false false Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US Each year the Israel Office must submit a budget detailing the amount of grants that they would like to award for the upcoming year. The Board of Directors will accept, reject or modify the budget. The NY Office receives quarterly reports on how much is actually granted. All students must submit authentification of study (Letter or transcript from the school) Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: Other grants and special projects-Promotion of Israeli culture internationally and support of the early careers of young artist. Form 990, Part VI, Line 11b: Form 990 Review Process FINANCE COMMITTEE MEETS WITH ACCOUNTING FIRM AND DIRECTOR OF FINANCE PRIOR TO FILING FORM 990. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts BOARD MEMBERS AND OFFICERS ARE REQUIRED ON AN ONGOING BASIS TO DECLARE ANY CONFLICT OF INTEREST AND THEY MUST BE REPORTED IN THE BOARD MINUTES Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management THE EXECUTIVE DIRECTOR'S COMPENSATION is reviewed by the Executive and Finance Committees for approval Form 990, Part VI, Line 19: Other Organization Documents Publicly Available GOVERNING DOCUMENTS, POLICIES AND FINANCIAL INFORMATION IS PROVIDED UPON REQUEST. Other Changes In Net Assets Or Fund Balances - Other Decreases RELEASE FROM RESTRICTIONS = -$9201 AMERICA ISRAEL CULTURAL FOUNDATION RA TEL AVIV JERUSALEM IS GRANTS IS CHARITY NA false false false false false false false false false false false false false false false false false false false false