Civic Intelligence

Polish American Enterprise Fund

EIN 13-3564025 • 501(c)3

2500 Plaza 5 Harborside Financial07311
Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

No filing with officer or executive compensation is available for this organization yet.

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $5,583,991 (-100%) from 2010

Liabilities

Down

$0

Down $1,037,121 (-100%) from 2010

Net Assets

Down

$0

Down $4,546,870 (-100%) from 2010

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$333,640

Down $648,571 (-66%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset Growth10th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $5,583,991Liabilities 2010: $1,037,121Net Assets 2010: $4,546,8702010Assets 2011: $0Liabilities 2011: $0Net Assets 2011: $02011

Highlighted filing

2011

Assets$0
Liabilities$0
Net Assets$0
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0Expenses 2010: $982,2112010Expenses 2011: $333,6402011

Highlighted filing

2011

Revenue-
Expenses$333,640
Net Income-
Open 2011 Filing

Filings

Most recent year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
-
Expenses
$333,640
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.33
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.58$1.04$4.55$0.98
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2011 to Dec 31, 2011
Signed
Aug 8, 2012
Return Version
2011v1.2
Gross Receipts
$540
Filing and Contact Details

Filer

EIN
13-3564025
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IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0On May 16, 2008 Polish American Enterprise Fund (the "Fund") filed a certificate of dissolution and based on an agreement with the Polish-American Enterprise Fund Liquidating Trust (the "Trust") dated December 27, 2011 completed its liquidation through the transfer of all remaining assets (cash of $284,381) to the Trust. The assets will be held in the Trust for the benefit of the Polish-American Freedom Foundation as the Liquidating Trust Beneficiary (the "Beneficiary"). After satisfaction of Delaware General Corporation Law Section 281(b) requiring dissolved corporations to make provision to pay any claims that may arise within 10 years after the date of the Fund's dissolution (May 16, 2008), all remaining assets will be distributed to the Beneficiary and the Liquidating Trust shall cease. Since the assets will be held in trust for the benefit of the Beneficiary and since the Fund is dissolved, no monitoring of the grant will be required.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0Form 990, Schedule I
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference0Description of Organization's Procedures for Monitoring the Use of Grants
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine10410 PARK AVENUE
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine2015TH FLOOR
IRS990ScheduleI/RecipientTable/AddressUS/City0NEW YORK
IRS990ScheduleI/RecipientTable/AddressUS/State0NY
IRS990ScheduleI/RecipientTable/AddressUS/ZIPCode010022
IRS990ScheduleI/RecipientTable/AmountOfCashGrant0284380
IRS990ScheduleI/RecipientTable/EINOfRecipient0522193529
IRS990ScheduleI/RecipientTable/IRCSection0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrant0TO SUPPORT THE PAFF, PROGRAM AREAS: (I) INITIATIVES IN EDUCATION, (II) DEVELOPMENT OF LOCAL COMMUNITIES, (III) CITIZENS IN A DEMOCRATIC AND (IV) SHARING THE POLISH EXPERIENCES IN TRANSFO
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine10POLISH-AMERICAN FREEDOM FOUNDATION
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IRS990ScheduleN/Form990ScheduleNPartIII/Explanation0Fund has filed a certificate of dissolution on May 16, 2008.
IRS990ScheduleN/Form990ScheduleNPartIII/Explanation1From its inception in 1990 the Fund was engaged in a broad private investment program in Poland, which through equity investments, loans, grants, technical assistance and other measures, emphasized a commitment to small-to-medium sized businesses. On May 16, 2008 the Fund filed a certificate of dissolution and based on an agreement with the Polish-American Enterprise Fund Liquidating Trust (the "Trust") dated December 27, 2011 completed its liquidation through the transfer of all remaining assets including cash of $284,380 and liabilities to the Trust. The Fund and the Liquidating Trustee established the Trust for the benefit of the Polish-American Freedom Foundation as the Liquidating Trust Beneficiary. Upon the resolution of all liquidation claims and payment of such claims all remaining sums received and collected will be distributed to the Liquidating Trust Beneficiary and the Liquidating Trust shall cease. As a result of the above the Fund's liquidation had been completed as of December 31, 2011. The fund designates Tadeusz Galkowski to serve as the initial Liquidating Trustee under this Trust Agreement.
IRS990ScheduleN/Form990ScheduleNPartIII/Identifier0Liquidation, Termination, Dissolution or Disposition or Other Transfer
IRS990ScheduleN/Form990ScheduleNPartIII/ReturnReference0Sch. N, Part I,line 2:Liquidation, Termination, Dissolution or Significan
IRS990ScheduleN/Form990ScheduleNPartIII/ReturnReference1Schedule N, Part I
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IRS990ScheduleN/LiquidationTable/LiquidationDetail/AddressUS/AddressLine10410 Park Avenue
IRS990ScheduleN/LiquidationTable/LiquidationDetail/AddressUS/City0New York
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IRS990ScheduleN/LiquidationTable/LiquidationDetail/DescriptionOfAsset0CASH
IRS990ScheduleN/LiquidationTable/LiquidationDetail/EIN0522193529
IRS990ScheduleN/LiquidationTable/LiquidationDetail/FMVOfAsset0284380
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IRS990ScheduleO/GeneralExplanation/Explanation0As per Delaware General Corporation Law ("Section 281(b)") Polish-American Enterprise Fund (the Fund) desires to pay all obligations that may arise within 10 years after the date of the Fund's dissolution (May 16, 2008), and distribute its remaining assets to the Polish-American Freedom Foundation (the Beneficiary). The Polish-American Enterprise Fund Liquidating Trust (the "Trust") was established for the benefit of the Beneficiary, and on December 27, 2011 the Fund completed its liquidation through the transfer of all remaining assets including cash of $284,381 and liabilities to the Trust. Upon the resolution of all liquidation claims and payment of such claims all remaining sums received and collected will be distributed to the Beneficiary and the Trust shall cease. As a result of the above the Fund's liquidation was completed as of December 31, 2011.
IRS990ScheduleO/GeneralExplanation/Explanation1ALL THREE DIRECTORS OF POLISH AMERICAN ENTERPRISE FUND (PAEF) ARE AND WERE PRIOR TO THE TRANSFER OF ALL ASSETS TO PAEF LIQUIDATING TRUST ALSO DIRECTORS OF POLISH AMERICAN FREEDOM FOUNDATION (PAFF).
IRS990ScheduleO/GeneralExplanation/Explanation2THE FUND HAS MEMBERS AS REQUIRED FOR DELAWARE NON-STOCK CORPORATIONS. THE FUND'S CERTIFICATE OF INCORPORATION PROVIDES THAT THE MEMBERS ARE THE DIRECTORS AND THAT IF ANY MEMBER CEASES TO BE A DIRECTOR, HE OR SHE WILL ALSO CEASE TO BE MEMBER. THE MEMBERS ELECT THE DIRECTORS AND MAY APPROVE CERTAIN CORPORATE ACTIONS AS PROVIDED UNDER DELAWARE LAW. THE MEMBERS DO NOT HAVE ANY ECONOMIC RIGHTS IN THE FUND.
IRS990ScheduleO/GeneralExplanation/Explanation3THE FUND HAS MEMBERS AS REQUIRED FOR DELAWARE NON-STOCK CORPORATIONS. THE FUND'S CERTIFICATE OF INCORPORATION PROVIDES THAT THE MEMBERS ARE THE DIRECTORS AND THAT IF ANY MEMBER CEASES TO BE A DIRECTOR, HE OR SHE WILL ALSO CEASE TO BE MEMBER. THE MEMBERS ELECT THE DIRECTORS AND MAY APPROVE CERTAIN CORPORATE ACTIONS AS PROVIDED UNDER DELAWARE LAW. THE MEMBERS DO NOT HAVE ANY ECONOMIC RIGHTS IN THE FUND.
IRS990ScheduleO/GeneralExplanation/Explanation4THE FUND HAS MEMBERS AS REQUIRED FOR DELAWARE NON-STOCK CORPORATIONS. THE FUND'S CERTIFICATE OF INCORPORATION PROVIDES THAT THE MEMBERS ARE THE DIRECTORS AND THAT IF ANY MEMBER CEASES TO BE A DIRECTOR, HE OR SHE WILL ALSO CEASE TO BE MEMBER. THE MEMBERS ELECT THE DIRECTORS AND MAY APPROVE CERTAIN CORPORATE ACTIONS AS PROVIDED UNDER DELAWARE LAW. THE MEMBERS DO NOT HAVE ANY ECONOMIC RIGHTS IN THE FUND.
IRS990ScheduleO/GeneralExplanation/Explanation51) JOHN P. BIRKELUND - CHAIRMAN, ADDRESS: SARATOGA PARTNERS, 535 MADISON AVENUE, 4TH FLOOR, NEW YORK, NY 10022 2) ZBIGNIEW BRZEZINSKI - DIRECTOR, ADDRESS: CENTER OF STRATEGIES & INTERNATIONAL STUDIES, 1800 K STREET, NW, SUITE 400, WASHINGTON, D.C. 20006.
IRS990ScheduleO/GeneralExplanation/Explanation6The Form 990 was prepared by a professional services firm, reviewed and approved by officers of the fund.
IRS990ScheduleO/GeneralExplanation/Explanation71) The Corporation and all directors, officers, and employees shall take appropriate steps to avoid both actual conflicts of interest and the appearance of impropriety. In this connection, the Corporation's By-laws establish procedures governing conflicts of interest for directors and officers. Specifically: (a) where any director or officer of the Corporation, or any spouse or child of any director or officer, is a director or officer of, or has a financial interest in, any corporation, partnership, association or other organization with which the Corporation has entered into, or considering entering into, any contract, grant, or any other transaction, the director or officer shall disclose in writing to the Board of Directors such material fact as to his relationship or interest or the relationship or interest of his spouse or child, as the case may be; and (b) such director or officer shall be recused from participation of the Corporation with respect to such contract, grant or other transaction; provided, however, that any such director may be counted in the determination of a quorum at any meeting of the Board of Directors at which such contract grant or other transaction is authorized, approved, ratified, or is otherwise the subject of discussion. 2) Employees should avoid any conflict of interest in their private activities. All employee should disclose to their superior any interest that they may have in any transaction or contract being considered by the Corporation and should not participate in decision-making with respect to the contract or transaction. 3) Directors, officers, and employees shall not participate in any decision-making of the Corporation with respect to any contract or transaction with any person or business entity with whom the director, officer or employee is negotiating with or has any arrangement concerning prospective employment. 4) No director or officer shall use, for financial or other advantage, confidential information to which he has access by virtue of his position with the Corporation. In addition, no officer or other individual who is employed by the Corporation on a full time basis shall use, for financial or other advantage, any proprietary information of the Corporation (whether or not confidential). 5) The Board of Directors may, in its discretion, require directors or candidates for directorships to submit financial disclosure reports and ongoing certifications concerning their nonparticipation in investments made by the Corporation.
IRS990ScheduleO/GeneralExplanation/Explanation8OUR FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AND UPON MANAGEMENT'S DISCRETION.
IRS990ScheduleO/GeneralExplanation/Identifier0Changes in How Program Services are Conducted
IRS990ScheduleO/GeneralExplanation/Identifier1OFFICER, DIRECTOR, TRUSTEE
IRS990ScheduleO/GeneralExplanation/Identifier2MEMBERS AND/OR STOCKHOLDERS
IRS990ScheduleO/GeneralExplanation/Identifier3DESCRIPTION OF CLASSES OF PERSONS AND THE NATURE OF THEIR RIGHTS
IRS990ScheduleO/GeneralExplanation/Identifier4DESCR CLASSES OF PERSON, DECISIONS REQUIRING APPR & TYPE OF VOTING RIGHTS
IRS990ScheduleO/GeneralExplanation/Identifier5OFFICERS WHO CANNOT BE REACHED AT ORGANIZATION'S ADDRESS
IRS990ScheduleO/GeneralExplanation/Identifier6GOVERNING BODY'S REVIEW OF FORM 990
IRS990ScheduleO/GeneralExplanation/Identifier7DESCRIPTION OF PROCESS TO MONITOR TRANSACTIONS FOR CONFLICTS OF INTEREST
IRS990ScheduleO/GeneralExplanation/Identifier8DISCLOSURE
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART III, QUESTION 3
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, QUESTION 2
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, QUESTION 6
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, QUESTION 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Question 7B
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part VI, Question 9
IRS990ScheduleO/GeneralExplanation/ReturnReference6Form 990, Part VI, Question 11B
IRS990ScheduleO/GeneralExplanation/ReturnReference7Form 990, Part VI, Question 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference8Form 990, Part VI, Question 19
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