FRENCH-AMERICAN CHAMBER OF COMMERCE FOUNDATION: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
FRENCH-AMERICAN CHAMBER OF COMMERCE FOUNDATION (EIN 45-4295316)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-10-06
IRS object ID
201512799349301011
Schema version
2014v5.0
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)
Return2015-10-06T16:36:09-05:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

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 Line150 JERICHO QUADRANGLEAddressLine1Txt
CityJERICHOCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11753ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN454295316EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FRENCH-AMERICAN CHAMBER OF COMMERCE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFRENBusinessNameControlTxt
Phone2128670205PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11375 BROADWAY NO 504AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonELSA BERRYPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2128670205PhoneNum
Signature2015-10-05SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAVID ROTTKAMPPreparerPersonNm
PTINP01303468PTIN
Phone5162563500PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-03-07 17:11:31ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerELSA BERRYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11375 BROADWAY NO 504AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$269,540GrossReceiptsAmt
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 Body4VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$211,188PYContributionsGrantsAmt
CY Contributions Grants$200,790CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue-$37,943PYOtherRevenueAmt
CY Other Revenue-$24,194CYOtherRevenueAmt
PY Total Revenue$173,245PYTotalRevenueAmt
CY Total Revenue$176,596CYTotalRevenueAmt
PY Grants And Similar Paid$60,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$80,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$54,892PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$27,427CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$24,028CYTotalFundraisingExpenseAmt
PY Other Expenses$20,215PYOtherExpensesAmt
CY Other Expenses$20,606CYOtherExpensesAmt
PY Total Expenses$135,107PYTotalExpensesAmt
CY Total Expenses$128,033CYTotalExpensesAmt
PY Revenues Less Expenses$38,138PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$48,563CYRevenuesLessExpensesAmt
Total Assets BOY$155,405TotalAssetsBOYAmt
Total Assets EOY$171,497TotalAssetsEOYAmt
Total Liabilities BOY$57,289TotalLiabilitiesBOYAmt
Total Liabilities EOY$24,818TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$98,116NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$146,679NetAssetsOrFundBalancesEOYAmt
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$80,000ExpenseAmt
Grant$80,000GrantAmt
DescDURING 2014, THE FOUNDATION SPONSORED A GALA TO RAISE FUNDS FOR ITS SCHOLARSHIP PROGRAM. SCHOLARSHIP MATERIALS WERE PREPARED, VISITS TO BUSINESS SCHOOLS INITIATED TO ANNOUNCE THE SCHOLARSHIP PROGRAM AND A SELECTION JURY APPOINTED. APPLICATIONS WERE RECEIVED IN THE FIRST QUARTER OF 2014.Desc
Total Program Service Expenses$80,000TotalProgramServiceExpensesAmt
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
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
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 IndividualsYes (1)MoreThan5000KToIndividualsInd
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 With Officer Ent0BusinessRlnWithOfficerEntInd
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 Document3IRPDocumentCnt
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
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
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 Line1MARTIN BISCHOFFBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2128670205PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11375 BROADWAY SUITE 504AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (4 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ELSA BERRY
PRESIDENT1.009.00Yes (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
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$200,790FundraisingAmt
Total Contributions$200,790TotalContributionsAmt
Fundraising Gross Income$68,750FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$200,790ContriRptFundraisingEventAmt
Fundraising Direct Expenses$92,944FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$24,194TotalRevenueColumnAmt
Exclusion-$24,194ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$176,596TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$24,194ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$30,000TotalAmt
Program Services$30,000ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$50,000TotalAmt
Program Services$50,000ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$27,427TotalAmt
Management And General$8,000ManagementAndGeneralAmt
Fundraising$19,427FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$16,843TotalAmt
Management And General$15,059ManagementAndGeneralAmt
Fundraising$1,784FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,789TotalAmt
Fundraising$1,789FundraisingAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
OTHER$1,446$946$500
SUPPLIES AND EQUIPMENT$318$318
TELEPHONE AND COMMUNICA$210$210

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$128,033TotalAmt
Program Services$80,000ProgramServicesAmt
Management And General$24,005ManagementAndGeneralAmt
Fundraising$24,028FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$140,343BOYAmt
EOY$161,213EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$10,000EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$15,062BOYAmt
EOY$284EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$155,405BOYAmt
EOY$171,497EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$57,289BOYAmt
EOY$24,818EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$57,289BOYAmt
EOY$24,818EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$58,945BOYAmt
EOY-$82,950EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$157,061BOYAmt
EOY$229,629EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$98,116BOYAmt
EOY$146,679EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$155,405BOYAmt
EOY$171,497EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$48,563ReconcilationRevenueExpnssAmt
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 Minus2 Years$160,550CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$211,188CurrentTaxYearMinus1YearAmt
Current Tax Year$200,790CurrentTaxYearAmt
Total$572,528TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$160,550CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$211,188CurrentTaxYearMinus1YearAmt
Current Tax Year$200,790CurrentTaxYearAmt
Total$572,528TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$572,528PublicSupportTotal170Amt
Total Support$572,528TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

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$176,596TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$176,596RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$176,596TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$128,033TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$128,033ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$128,033TotalExpensesPerForm990Amt

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 2011.ExplanationTxt

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continutation Total Office0ContinutationTotalOfficeCnt
Continutation Total Employee0ContinutationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$0SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$0TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp

FieldValueIRS element (for citing)
Type Of AssistanceSCHOLARSHIPSTypeOfAssistanceTxt
RegionEUROPE (INCLUDING ICELAND & GREENLAND)RegionTxt
Recipient5RecipientCnt
Cash Grant$50,000CashGrantAmt
FieldValueIRS element (for citing)
Transfer To Foreign Corp0TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp Ownership0ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE FRENCH-AMERCIAN CHAMBER OF COMMERCE FOUNDATION WIRES FUNDS DIRECTLY TO THE UNIVERSITY'S BANK ACCOUNT WITH A NOTE INDICATING FOR WHICH SCHOLARSHIP RECIPIENT'S COURSES THE FUNDS ARE TO BE APPLIED. IN ON CASE, IN 2014, FUNDS WERE WIRED TO A SCHOLARSHIP RECIPIENT DIRECTLY, AFTER PROOF OF COURSE REGISTRATION AND PAYMENT WERE PROVIDED. THIS WAS THEREFORE A REIMBURSEMENT OF PAYMENT MADE BY THE AWARDEE.ExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GALA EVENTEvent1Nm
Gross Receipts Event1$269,540GrossReceiptsEvent1Amt
Charitable Contri Event1$200,790CharitableContriEvent1Amt
Gross Revenue Event1$68,750GrossRevenueEvent1Amt
Rent Facility Costs Event1$92,944RentFacilityCostsEvent1Amt
Gross Receipts Total$269,540GrossReceiptsTotalAmt
Charitable Contributions Tot$200,790CharitableContributionsTotAmt
Gross Revenue Total Events$68,750GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$92,944RentFcltyCostsTotalEventsAmt
Direct Expense Summary Events$92,944DirectExpenseSummaryEventsAmt
Net Income Summary-$24,194NetIncomeSummaryAmt

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
Recipient3RecipientCnt
Cash Grant$30,000CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationSCHOLARSHIP FUNDS WERE SENT DIRECTLY TO THE DIRECTORS OF THE FINANCIAL AID AT THE UNIVERSITIES BY THE WAY OF CHECK WITH LETTERS FROM THE FOUNDATION'S SCHOLARSHIP ADMINISTRATOR INDICATING THE FUNDS WERE TO BE APPLIED TO THE AWARDEES' ACCOUTNS. A NOTE TO THAT EFFECT WAS ALSO INCLUDED ON THE CHECKS.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11THE 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 EVEN 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 18DOCUMENTATION IS AVAILABLE UPON REQUEST
FORM 990, PART VI, SECTION C, LINE 19DOCUMENTATION IS AVAILABLE UPON REQUEST
FORM 990. PART XII, LINE 2CTHE ORGANIZATION HAS NOT CHARGED ITS OVERSIGHT PROCESS DURING THE TAX YEAR. THE ORGANIZATION IS WORKING WITH A NEW CPA FIRM IN 2014.

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 UNITED STATES INC NY CHAPTERBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11375 BROADWAYAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd
FieldValueIRS element (for citing)
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 OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.