FRENCH-AMERICAN CHAMBER OF COMMERCE FOUNDATION: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
FRENCH-AMERICAN CHAMBER OF COMMERCE FOUNDATION (EIN 45-4295316)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-13
IRS object ID
202543179349303539
Schema version
2024v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-11-13T10:41:57-06:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN113266576PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GRASSI & CO CPA'S PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1360 MADISON AVENUE 7TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10017ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN454295316EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FRENCH-AMERICAN CHAMBER OF COMMERCE FOUNBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFRENBusinessNameControlTxt
Phone2128670205PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line133 W 46TH STREET 800AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSTEPHANIE NALLETPersonNm
Person TitleFINANCE DIRECTORPersonTitleTxt
Phone2128670205PhoneNum
Signature2025-11-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAVID ROTTKAMPPreparerPersonNm
PTINP01303468PTIN
Phone2126616166PhoneNum
Preparation2025-11-10PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSTEPHANIE NALLETPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line133 W 46TH STREET 800AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$535,068GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.FACCNYC.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2012FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionFRENCH-AMERICAN CHAMBER OF COMMERCE FOUNDATION (THE "FOUNDATION") MISSION IS TO EDUCATE AND INFORM FRENCH AND AMERICAN PERSONS ABOUT DIFFERENT CULTURES AND THE OVERSEAS EXPERIENCE, PROMOTE CROSS-CULTURAL DIALOGUE AND COMMUNICATIONS, IMPROVE FOREIGN LANGUAGE SKILLS, AND TO ENGAGE IN OTHER CHARTIABLE AND EDUCATIONAL PURPOSES.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers15TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$85,472PYContributionsGrantsAmt
CY Contributions Grants$171,852CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$33,189PYInvestmentIncomeAmt
CY Investment Income$74,363CYInvestmentIncomeAmt
PY Other Revenue-$10,992PYOtherRevenueAmt
CY Other Revenue-$60,227CYOtherRevenueAmt
PY Total Revenue$107,669PYTotalRevenueAmt
CY Total Revenue$185,988CYTotalRevenueAmt
PY Grants And Similar Paid$100,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$100,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$61,263PYOtherExpensesAmt
CY Other Expenses$68,575CYOtherExpensesAmt
PY Total Expenses$161,263PYTotalExpensesAmt
CY Total Expenses$168,575CYTotalExpensesAmt
PY Revenues Less Expenses-$53,594PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$17,413CYRevenuesLessExpensesAmt
Total Assets BOY$1,107,330TotalAssetsBOYAmt
Total Assets EOY$1,162,472TotalAssetsEOYAmt
Total Liabilities BOY$16,450TotalLiabilitiesBOYAmt
Total Liabilities EOY$40,951TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,090,880NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,121,521NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionFRENCH-AMERICAN CHAMBER OF COMMERCE FOUNDATION (THE "FOUNDATION") MISSION IS TO EDUCATE AND INFORM FRENCH AND AMERICAN PERSONS ABOUT DIFFERENT CULTURES AND THE OVERSEAS EXPERIENCE, PROMOTE CROSS-CULTURAL DIALOGUE AND COMMUNICATIONS, IMPROVE FOREIGN LANGUAGE SKILLS, AND TO ENGAGE IN OTHER CHARTIABLE AND EDUCATIONAL PURPOSES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$100,000ExpenseAmt
Grant$100,000GrantAmt
DescSCHOLARSHIPS: SPONSOR THE EDUCATION OF THE NEXT GENERATION OF TRANSATLANTIC BUSINESS LEADERS. THE PATRONAGE IS DONE THROUGH THE HIGHLY SELECTIVE "SERGE BELLANGER FRENCH AMERICAN BUSINESS SCHOLARSHIP PROGRAM,". THE FACC FOUNDATION PROVIDES FINANCIAL SUPPORT TO FRENCH STUDENTS SEEKING TO PURSUE AN MBA IN THE U.S., AND TO AMERICAN STUDENTS WHO WISH TO PURSUE A MASTER'S DEGREE OR A MASTRE SPECIALIS IN A BUSINESS-RELATED DISCIPLINE IN FRANCE.Desc
Total Program Service Expenses$100,000TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document7IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1POLINA BOGDANOVITCHBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2128670205PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line133 W 46TH STREET SUITE 800AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10036ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ELSA BERRY
PRESIDENT5.001.00Yes (X)Yes (X)$0$0$0
STEPHEN DREYFUSS
VICE PRESIDENT1.001.00Yes (X)Yes (X)$0$0$0
MICHAEL ELKIN
SECRETARY1.001.00Yes (X)Yes (X)$0$0$0
PIERRE-MARIE LAGNAUD
TREASURER1.001.00Yes (X)Yes (X)$0$0$0
CHRISTOPHER KENDE
DIRECTOR1.00Yes (X)$0$0$0
MICHEL BROGARD
DIRECTOR1.00Yes (X)$0$0$0
MARC SOMNOLET
DIRECTOR5.0010.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$171,852FundraisingAmt
Total Contributions$171,852TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$30,290TotalRevenueColumnAmt
Exclusion$30,290ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$278,926SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$234,853SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$44,073SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$44,073TotalRevenueColumnAmt
Exclusion$44,073ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$54,000FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$171,852ContriRptFundraisingEventAmt
Fundraising Direct Expenses$114,227FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$60,227TotalRevenueColumnAmt
Exclusion-$60,227ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$185,988TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$14,136ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$100,000TotalAmt
Program Services$100,000ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$2,500TotalAmt
Management And General$2,500ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$4,431TotalAmt
Management And General$4,431ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$57,681TotalAmt
Management And General$57,681ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,292TotalAmt
Management And General$2,292ManagementAndGeneralAmt

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$1,671TotalAmt
Management And General$1,671ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$168,575TotalAmt
Program Services$100,000ProgramServicesAmt
Management And General$68,575ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$25,046BOYAmt
EOY$29,085EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$37,022EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,292BOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$1,079,992BOYAmt
EOY$1,096,365EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,107,330BOYAmt
EOY$1,162,472EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$16,450BOYAmt
EOY$40,951EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$16,450BOYAmt
EOY$40,951EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,090,880BOYAmt
EOY$1,121,521EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,090,880BOYAmt
EOY$1,121,521EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,107,330BOYAmt
EOY$1,162,472EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$17,413ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$13,228NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (1)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
FS Audited0FSAuditedInd
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$500,654CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$12,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$152,435CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$116,535CurrentTaxYearMinus1YearAmt
Current Tax Year$171,852CurrentTaxYearAmt
Total$953,476TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$500,654CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$12,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$152,435CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$116,535CurrentTaxYearMinus1YearAmt
Current Tax Year$171,852CurrentTaxYearAmt
Total$953,476TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$624,034SubstantialContributorsTotAmt
Public Support Total170$329,442PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,114CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$21,330CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$22,904CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$26,755CurrentTaxYearMinus1YearAmt
Current Tax Year$30,291CurrentTaxYearAmt
Total$107,394TotalAmt
FieldValueIRS element (for citing)
Total Support$1,060,870TotalSupportAmt
Public Support CY1700.31050PublicSupportCY170Pct
Public Support PY1700.27050PublicSupportPY170Pct
Ten Pct Facts Crcmstncs Test CYYes (X)TenPctFactsCrcmstncsTestCYInd
Facts And Circumstances TestTHE FRENCH-AMERICAN CHAMBER OF COMMERCE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES. ITS PRIMARY ACTIVITY IS TO EDUCATE AND INFORM FRENCH AND AMERICAN PERSON ABOUT DIFFERENT CULTURES AND OVERSEAS EXPERIENCES, PROMOTE CROSS-CULTURAL DIALOGUE AND COMMUNICATION, IMPROVE FOREIGN LANGUAGE SKILLS AND THE ENGAGE IN CHARITABLE AND EDUCATIONAL PURPOSES, SUCH AS PROVIDING ANNUAL SCHOLARSHIPS. ALTHOUGH THE FACC FOUNDATION DID NOT RECEIVE MORE THAN ONE-THIRD OF ITS TOTAL SUPPORT FROM PUBLIC CONTRIBUTIONS OVER THE APPLICABLE FIVE-YEAR PERIOD, IT MAINTAINS AN ONGOING AND MEANINGFUL RELATIONSHIP WITH THE GENERAL PUBLIC. THE FOUNDATION SOLICITS AND RECEIVES CONTRIBUTIONS FROM A BROAD BASE OF INDIVIDUAL DONORS, FAMILIES, AND SMALL AND LARGE BUSINESSES. THE FOUNDATION RECEIVED ONE LARGE CONTRIBUTION IN CALENDAR YEAR 2020, WHICH IS THE CAUSE FOR THE FOUNDATION DIPPING BELOW THE PUBLIC CHARITY PERCENTAGE THRESHOLD THE LAST TWO YEARS.THROUGH ITS HIGHLY SELECTIVE "SERGE BELLANGER FRENCH-AMERICAN BUSINESS SCHOLARSHIP PROGRAM", THE FACC FOUNDATION PROVIDES FINANCIAL SUPPORT TO FRENCH STUDENTS SEEKING TO PURSUE AN MBA IN THE U.S., AND TO AMERICAN STUDENTS WHO WISH TO PURSUE AN MBA, A MASTER'S DEGREE OR A MASTRE SPECIALIST IN A BUSINESS-RELATED DISCIPLINE IN FRANCE. EVERY YEAR, THE FACC FOUNDATION PROVIDES MULTIPLE, MERIT-BASED SCHOLARSHIPS. EACH SCHOLARSHIP EXCLUSIVELY COVERS ACADEMIC TUITION.THE FOUNDATION OPERATES IN A NONCOMMERCIAL MANNER AND SERVES A SIGNIFICANT CHARITABLE PURPOSE BY EXPANDING EDUCATIONAL OPPORTUNITIES AND REDUCING FINANCIAL BARRIERS TO HIGHER EDUCATION FOR INDIVIDUALS. BASED ON THESE FACTS AND CIRCUMSTANCES, THE FACC FOUNDATION BELIEVES IT QUALIFIES AS A PUBLICLY SUPPORTED ORGANIZATION UNDER IRC SECTION 170(B)(1)(A)(VI).FactsAndCircumstancesTestTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$194,785TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$13,228NetUnrealizedGainsInvstAmt
Revenue Not Reported$13,228RevenueNotReportedAmt
Revenue Subtotal$181,557RevenueSubtotalAmt
Investment Expenses Not Incld$4,431InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$4,431RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$185,988TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$164,144TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$164,144ExpensesSubtotalAmt
Investment Expenses Not Incld2$4,431InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$4,431ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$168,575TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE FOUNDATION ADOPTED THE PROVISIONS PERTAINING TO UNCERTAIN TAX PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES, AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITSBY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE FOUNDATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS PRIOR TO 2021.ExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GALA EVENTEvent1Nm
Gross Receipts Event1$225,852GrossReceiptsEvent1Amt
Charitable Contri Event1$171,852CharitableContriEvent1Amt
Gross Revenue Event1$54,000GrossRevenueEvent1Amt
Rent Facility Costs Event1$69,785RentFacilityCostsEvent1Amt
Entertainment Event1$3,796EntertainmentEvent1Amt
Other Direct Expenses Event1$40,646OtherDirectExpensesEvent1Amt
Gross Receipts Total$225,852GrossReceiptsTotalAmt
Charitable Contributions Tot$171,852CharitableContributionsTotAmt
Gross Revenue Total Events$54,000GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$69,785RentFcltyCostsTotalEventsAmt
Entertainment Total Events$3,796EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$40,646OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$114,227DirectExpenseSummaryEventsAmt
Net Income Summary-$60,227NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPSGrantTypeTxt
Recipient7RecipientCnt
Cash Grant$100,000CashGrantAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 WILL BE SIGNED BY THE TREASURER; IT WILL ALSO BE REVIEWED BY OTHER MEMBERS OF THE EXECUTIVE COMMITTEE. THE TREASURER WILL REVIEW THE FORM 990 TOGETHER WITH THE EXTERNAL ACCOUNTANTS, BASED ON KNOWLEDGE OF OPERATIONS AND IN COMPARISON WITH THE FINANCIAL STATEMENTS. THE FINAL FORM 990 WILL BE MADE AVAILABLE TO THE ENTIRE BOARD OF DIRECTORS BEFORE FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CCONFLICT OF INTEREST POLICY IS DISTRIBUTED ON AN ANNUAL BASIS AND REQUIRES A SIGNED ACKNOWLEDGEMENT ON WHICH ALL DISCLOSURES ARE MADE. PROVISIONS ARE REGULARLY REVIEWED BY MANAGEMENT WITH REFERENCE TO CONCERNED PARTIES. IN THE EVENT OF A CONFLICT, THE INDIVIDUAL WITH SUCH CONFLICT IS PROHIBITED FROM PARTICIPATING IN THE DELIBERATIONS AND DECISION IN THE TRANSACTION.
FORM 990, PART VI, SECTION C, LINE 19DOCUMENTATION IS AVAILABLE UPON REQUEST
FORM 990, PART IX, LINE 11GPROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 57,681. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 57,681.
PART XIITHE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS DURING THE TAX YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1FRENCH AMERICAN CHAMBER OF COMMERCE IN THE US INC NY CHAPTERBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11375 BROADWAYAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd
FieldValueIRS element (for citing)
EIN133376234EIN
Primary ActivitiesBUSINESS PROMOTIONPrimaryActivitiesTxt
Legal Domicile StateNYLegalDomicileStateCd
Exempt Code Section501(C)(6)ExemptCodeSectionTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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