2025-11-13T10:41:57-06:00 2024-12-31 113266576 GRASSI & CO CPA'S PC 360 MADISON AVENUE 7TH FLOOR NEW YORK NY 10017 990 2024-01-01 454295316 FRENCH-AMERICAN CHAMBER OF COMMERCE FOUN FREN 2128670205 33 W 46TH STREET 800 NEW YORK NY 10018 STEPHANIE NALLET FINANCE DIRECTOR 2128670205 2025-11-10 1 1 DAVID ROTTKAMP P01303468 2126616166 2025-11-10 2024 2025-03-06 01:10:19Z STEPHANIE NALLET 33 W 46TH STREET 800 NEW YORK NY 10018 535068 0 X WWW.FACCNYC.ORG X 2012 DE FRENCH-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. 7 7 0 15 0 0 85472 171852 0 0 33189 74363 -10992 -60227 107669 185988 100000 100000 0 0 0 0 0 0 0 61263 68575 161263 168575 -53594 17413 1107330 1162472 16450 40951 1090880 1121521 X FRENCH-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. 0 0 100000 100000 SCHOLARSHIPS: 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. 100000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 7 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 NY X POLINA BOGDANOVITCH 2128670205 33 W 46TH STREET SUITE 800 NEW YORK NY 10036 X ELSA BERRY PRESIDENT 5.00 1.00 X X 0 0 0 STEPHEN DREYFUSS VICE PRESIDENT 1.00 1.00 X X 0 0 0 MICHAEL ELKIN SECRETARY 1.00 1.00 X X 0 0 0 PIERRE-MARIE LAGNAUD TREASURER 1.00 1.00 X X 0 0 0 CHRISTOPHER KENDE DIRECTOR 1.00 X 0 0 0 MICHEL BROGARD DIRECTOR 1.00 X 0 0 0 MARC SOMNOLET DIRECTOR 5.00 10.00 X 0 0 0 0 0 0 0 0 0 0 0 171852 171852 30290 30290 278926 234853 44073 44073 44073 54000 171852 114227 -60227 -60227 185988 0 0 14136 X 100000 100000 2500 2500 4431 4431 57681 57681 2292 2292 1671 1671 168575 100000 68575 0 25046 29085 37022 2292 1079992 1096365 1107330 1162472 16450 40951 16450 40951 X 1090880 1121521 1090880 1121521 1107330 1162472 17413 13228 0 X X 1 X 0 1 0 X 500654 12000 152435 116535 171852 953476 500654 12000 152435 116535 171852 953476 624034 329442 6114 21330 22904 26755 30291 107394 1060870 0.31050 0.27050 X THE 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). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 194785 13228 13228 181557 4431 4431 185988 164144 0 164144 4431 4431 168575 PART X, LINE 2: THE 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. GALA EVENT 225852 171852 54000 69785 3796 40646 225852 171852 54000 69785 3796 40646 114227 -60227 1 SCHOLARSHIPS 7 100000 FORM 990, PART VI, SECTION B, LINE 11B THE 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 12C CONFLICT 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 19 DOCUMENTATION IS AVAILABLE UPON REQUEST FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 57,681. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 57,681. PART XII THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS DURING THE TAX YEAR. FRENCH AMERICAN CHAMBER OF COMMERCE IN THE US INC NY CHAPTER 1375 BROADWAY NEW YORK NY 10018 133376234 BUSINESS PROMOTION NY 501(C)(6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0