Civic Intelligence

French American Chamber of Commerce In

EIN 13-3376234 • 501(c)6 • New York, NY

View Organization Page

Profile

To contribute to the improvement of economic, commercial, and financial relations between france and the united states, all in compliance with the rules applicable to not-for-profit corporations

33 W 46th Street 800New York, NY 10036

www.faccnyc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

18th percentile

0.05x

Higher debt load relative to assets than 18% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

26th percentile

0.18x

Higher debt load relative to revenue than 26% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Net Margin

83rd percentile

21%

Higher net margin than 83% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

20th percentile

$203,481

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Asset Growth

56th percentile

6.9%

Faster asset growth than 56% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

81st percentile

20%

Faster revenue growth than 81% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$10,223,233

Up $660,714 (+6.9%) from 2023

Liabilities

Up

$554,689

Up $64,532 (+13%) from 2023

Net Assets

Up

$9,668,544

Up $596,182 (+6.6%) from 2023

Operations
Liabilities / Revenue26th percentileNet Margin83rd percentile

Revenue

Up

$3,101,053

Up $516,110 (+20%) from 2023

Expenses

Up

$2,449,357

Up $84,960 (+3.6%) from 2023

Net Income

Up

$651,696

Up $431,150 (+195%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth56th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2010: $4,045,255Liabilities 2010: $76,106Net Assets 2010: $3,969,1492010Assets 2011: $4,545,799Liabilities 2011: $189,993Net Assets 2011: $4,355,8062011Assets 2012: $5,183,845Liabilities 2012: $169,206Net Assets 2012: $5,014,6392012Assets 2013: $5,639,231Liabilities 2013: $122,561Net Assets 2013: $5,516,6702013Assets 2014: $6,356,768Liabilities 2014: $224,080Net Assets 2014: $6,132,6882014Assets 2015: $6,885,450Liabilities 2015: $273,995Net Assets 2015: $6,611,4552015Assets 2016: $7,570,667Liabilities 2016: $260,405Net Assets 2016: $7,310,2622016Assets 2017: $8,753,323Liabilities 2017: $272,349Net Assets 2017: $8,480,9742017Assets 2018: $8,821,760Liabilities 2018: $259,507Net Assets 2018: $8,562,2532018Assets 2019: $9,887,539Liabilities 2019: $274,438Net Assets 2019: $9,613,1012019Assets 2020: $9,339,804Liabilities 2020: $607,161Net Assets 2020: $8,732,6432020Assets 2021: $9,384,169Liabilities 2021: $476,185Net Assets 2021: $8,907,9842021Assets 2022: $8,591,165Liabilities 2022: $460,667Net Assets 2022: $8,130,4982022Assets 2023: $9,562,519Liabilities 2023: $490,157Net Assets 2023: $9,072,3622023Assets 2024: $10,223,233Liabilities 2024: $554,689Net Assets 2024: $9,668,5442024

Highlighted filing

2024

Assets$10,223,233
Liabilities$554,689
Net Assets$9,668,544
Open 2024 Filing

Operations Trend

Revenue Growth81st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2010: $1,396,3392010Expenses 2011: $1,363,1822011Revenue 2012: $2,080,511Expenses 2012: $1,513,178Net Income 2012: $567,3332012Revenue 2013: $2,197,195Expenses 2013: $1,695,164Net Income 2013: $502,0312013Revenue 2014: $2,351,470Expenses 2014: $1,735,452Net Income 2014: $616,0182014Revenue 2015: $2,588,854Expenses 2015: $2,110,087Net Income 2015: $478,7672015Revenue 2016: $2,874,247Expenses 2016: $2,237,477Net Income 2016: $636,7702016Revenue 2017: $3,098,410Expenses 2017: $2,209,376Net Income 2017: $889,0342017Revenue 2018: $2,987,659Expenses 2018: $2,358,372Net Income 2018: $629,2872018Revenue 2019: $3,027,806Expenses 2019: $3,001,100Net Income 2019: $26,7062019Revenue 2020: $1,509,768Expenses 2020: $2,603,011Net Income 2020: -$1,093,2432020Revenue 2021: $1,410,181Expenses 2021: $1,424,482Net Income 2021: -$14,3012021Revenue 2022: $2,322,549Expenses 2022: $1,889,513Net Income 2022: $433,0362022Revenue 2023: $2,584,943Expenses 2023: $2,364,397Net Income 2023: $220,5462023Revenue 2024: $3,101,053Expenses 2024: $2,449,357Net Income 2024: $651,6962024

Highlighted filing

2024

Revenue$3,101,053
Expenses$2,449,357
Net Income$651,696
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$10,223,233
Liabilities
$554,689
Net assets
$9,668,544
Revenue
$3,101,053
Expenses
$2,449,357
Net income
$651,696
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$0.55$9.67$3.10$2.45$0.65
2023Detailed filing. Detailed filing data is available for this year.$9.56$0.49$9.07$2.58$2.36$0.22
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.59$0.46$8.13$2.32$1.89$0.43
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.38$0.48$8.91$1.41$1.42$0.01
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.34$0.61$8.73$1.51$2.60$1.09
2019Detailed filing. Detailed filing data is available for this year.$9.89$0.27$9.61$3.03$3.00$0.03
2018Detailed filing. Detailed filing data is available for this year.$8.82$0.26$8.56$2.99$2.36$0.63
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.75$0.27$8.48$3.10$2.21$0.89
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.57$0.26$7.31$2.87$2.24$0.64
2015Detailed filing. Detailed filing data is available for this year.$6.89$0.27$6.61$2.59$2.11$0.48
2014Detailed filing. Detailed filing data is available for this year.$6.36$0.22$6.13$2.35$1.74$0.62
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$5.64$0.12$5.52$2.20$1.70$0.50
2012Summary only. Only limited summary data is available for this year.$5.18$0.17$5.01$2.08$1.51$0.57
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.55$0.19$4.36$1.36
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.05$0.08$3.97$1.40
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 10, 2025
Return Version
2024v5.2
Gross Receipts
$4,681,747
Mission and Program Overview

Mission

To contribute to the improvement of economic, commercial, and financial relations between france and the united states, all in compliance with the rules applicable to not-for-profit corporations.

To improve and foster trade and business relations between france and the united states

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,920,135$9,616,005▲ $695,870
Cash and Non-Interest-Bearing Accounts$536,256$512,155▼ $24,101
Land, Buildings, and Equipment, Net$41,290$30,066▼ $11,224
Prepaid Expenses and Deferred Charges$33,887$25,579▼ $8,308
Accounts Receivable$10,951$19,428▲ $8,477
Total Assets$9,562,519$10,223,233▲ $660,714
Other Assets Total$20,000$20,000→ $0
Liabilities
Deferred Revenue$150,770$244,290▲ $93,520
Accounts Payable and Accrued Expenses$194,930$169,817▼ $25,113
Unsecured Notes Loans Payable$144,457$140,582▼ $3,875
Total Liabilities$490,157$554,689▲ $64,532
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,072,362$9,668,544▲ $596,182
Total Net Assets Fund Balance$9,072,362$9,668,544▲ $596,182
Total Liabilities and Net Assets / Fund Balance$9,562,519$10,223,233▲ $660,714

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$14,207$267,261$281,468
Equipment$15,859$87,750$103,609
Compensation and Service Providers
Top Officer Pay20th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Polina BogdanovitchManaging DirectorFT$183,750$19,731$203,481
Mary Joseph YohannesAssociate DirectorFT$121,727$9,726$131,453
Stephanie NalletFinance DirectorPT$102,798-$102,798

Board Members and Trustees

NameTitle
Marc SomnoletPresident
Stephen L DreyfusExecutive Vice President
Adriana AgboDirector
Alexis MartinDirector
Andrew MassatDirector
Anne-marie MotteDirector
Ariane DaguinDirector
Carlos PerezDirector
Deborah VanderheydenDirector
Doaa FahnyDirector
Elsa BerryDirector
Fracois ChateauDirector
Guido Van HeuwermeirenDirector
Jean RosanvallonDirector
Jean-francois De ValdiviaDirector
Karin LestelleDirector
Michael BuffetDirector
Philippe FauDirector
Skip RankinDirector
Stephanie MessasDirector
Thais RodaDirector
Vikas KhandelwalDirector
Yoni ElamlemDirector
Michael ElkinSecretary
Pierre-marie LagnaudTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$367,056
Program Service Revenue
$1,947,847
Investment Income
$784,785
Other Revenue
$1,365
Change in Net Assets
$651,696
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,586,293
Other Expenses$863,064
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,082,424
Conferences and Meetings---$397,187
Current Officers, Directors, Trustees, and Key Employees---$306,589
Payroll Taxes---$111,813
Fees for Services Accounting---$95,331
Occupancy---$78,000
Other Expenses---$71,927
Office Expenses---$68,075
Other Employee Benefits---$64,426
Fees for Services Other---$42,832
Fees for Service Investment Mgmnt Fees---$37,414
Travel---$27,861
Pension Plan Contributions---$21,041
All Other Expenses---$18,740
Depreciation Depletion---$11,224
Fees for Services Legal---$10,655
Interest---$3,818
Total Functional Expenses$0$0$0$2,449,357
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organizations members include companies and corporations, both small and large, interested in french-american business relationships”

Form 990, Part VI, Section A, Line 7A

“The members organizations elect the board of director by vote every two years”

Form 990, Part VI, Section B, Line 11B

“The form 990 will be signed by the treasurer. The treasurer will review the form 990 together with the external accountants, based on knowledge of operations and comparison with the financial statements and previous years return. 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

“The conflict of interest policy is distributed on an annual basis and requires 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 prohibiting from participating in the deliberation and decision related to the transactions.”

Form 990, Part VI, Section B, Line 15A

“The chamber's president and officers are non-remunerated. Compensation decisions are made at the president and executive committee levels for the managing director and other key employees. Annual market surveys and market trends are taken into consideration when compensation is reviewed. There is contemporaneous documentation and recordkeeping with respect to the compensation deliberations and decisions.”

Form 990, Part VI, Section C, Line 19

“Financial statements are available upon request”

Filing and Contact Details

Filer

Filer Name
French-american Chamber of Commerce in
EIN
13-3376234
Phone
2128670123
Address
33 W 46TH STREET 800, NEW YORK, NY 10036

Signing Officer

Name
Stephanie Nallet
Title
Finance Director
Phone
2128670123
Signed
2025-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephanie Nallet
Formed
1986
Legal Domicile
Ny
Voting Board Members
25
Independent Board Members
25
Employees
20
Volunteers
80

Preparer

Firm
GRASSI & CO CPA'S PC
Address
750 THIRD AVENUE 28TH FLOOR, NEW YORK, NY 10017
Preparer
David Rottkamp
Phone
2126616166
Supplemental Narrative

Additional Explanations

Part XII Line 2C

“The organization has not changed its oversight process during the tax year.”

Financial Statement Notes

PART X, LINE 2:

“The chamber 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 consolidated financial statements. The chamber is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The chamber believes it is no longer subject to income tax examinations prior to 2021.”

Raw XML AppendixShowing 400 of 554 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm4ELSA BERRY
IRS990/Form990PartVIISectionAGrp/PersonNm5ADRIANA AGBO
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IRS990/Form990PartVIISectionAGrp/PersonNm8ANNE-MARIE MOTTE
IRS990/Form990PartVIISectionAGrp/PersonNm9ARIANE DAGUIN
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IRS990/Form990PartVIISectionAGrp/PersonNm15JEAN ROSANVALLON
IRS990/Form990PartVIISectionAGrp/PersonNm16JEAN-FRANCOIS DE VALDIVIA
IRS990/Form990PartVIISectionAGrp/PersonNm17KARIN LESTELLE
IRS990/Form990PartVIISectionAGrp/PersonNm18MICHAEL BUFFET
IRS990/Form990PartVIISectionAGrp/PersonNm19PHILIPPE FAU
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IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
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