Civic Intelligence

French American Cultural Exchange

990 • Fiscal year 2015 • EIN 13-6165672

Jan 01, 2015 to Dec 31, 2015 • Filed on May 03, 2016

972 Fifth AvenueNew York, NY 10021

(212) 439-1449

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

78th percentile

0.48x

Higher debt load relative to assets than 78% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

89th percentile

1.76x

Higher debt load relative to revenue than 89% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

3rd percentile

-113%

Higher net margin than 3% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

4th percentile

-27%

Faster asset growth than 4% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

3rd percentile

-66%

Faster revenue growth than 3% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$4,751,984

Down $1,792,022 (-27%) from 2014

Net Assets

Down

$2,454,568

Down $1,476,958 (-38%) from 2014

Liabilities

Down

$2,297,416

Down $315,064 (-12%) from 2014

Revenue

Down

$1,308,664

Down $2,523,755 (-66%) from 2014

Expenses

Up

$2,785,622

Up $287,955 (+12%) from 2014

Net Income

Down

-$1,476,958

Down $2,811,710 (-211%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2011: $3,341,685Liabilities 2011: $2,006,920Net Assets 2011: $1,334,7652011Assets 2012: $4,926,461Liabilities 2012: $3,397,985Net Assets 2012: $1,528,4762012Assets 2013: $5,070,527Liabilities 2013: $2,473,753Net Assets 2013: $2,596,7742013Assets 2014: $6,544,006Liabilities 2014: $2,612,480Net Assets 2014: $3,931,5262014Assets 2015: $4,751,984Liabilities 2015: $2,297,416Net Assets 2015: $2,454,5682015Assets 2016: $4,646,573Liabilities 2016: $2,373,745Net Assets 2016: $2,272,8282016Assets 2017: $3,693,716Liabilities 2017: $2,046,685Net Assets 2017: $1,647,0312017Assets 2018: $3,220,512Liabilities 2018: $1,102,920Net Assets 2018: $2,117,5922018Assets 2019: $2,551,397Liabilities 2019: $819,237Net Assets 2019: $1,732,1602019Assets 2020: $2,821,309Liabilities 2020: $59,944Net Assets 2020: $2,761,3652020Assets 2021: $5,802,123Liabilities 2021: $556,981Net Assets 2021: $5,245,1422021Assets 2022: $5,489,259Liabilities 2022: $214,885Net Assets 2022: $5,274,3742022Assets 2023: $7,995,089Liabilities 2023: $219,043Net Assets 2023: $7,776,0462023Assets 2024: $8,997,126Liabilities 2024: $77,733Net Assets 2024: $8,919,3932024

Highlighted filing

2015

Assets$4,751,984
Liabilities$2,297,416
Net Assets$2,454,568

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $1,803,867Expenses 2011: $4,148,705Net Income 2011: -$2,344,8382011Revenue 2012: $5,650,598Expenses 2012: $5,456,887Net Income 2012: $193,7112012Revenue 2013: $2,459,958Expenses 2013: $1,391,660Net Income 2013: $1,068,2982013Revenue 2014: $3,832,419Expenses 2014: $2,497,667Net Income 2014: $1,334,7522014Revenue 2015: $1,308,664Expenses 2015: $2,785,622Net Income 2015: -$1,476,9582015Revenue 2016: $2,679,608Expenses 2016: $2,861,348Net Income 2016: -$181,7402016Revenue 2017: $2,017,073Expenses 2017: $2,642,870Net Income 2017: -$625,7972017Revenue 2018: $2,548,820Expenses 2018: $2,138,912Net Income 2018: $409,9082018Revenue 2019: $1,812,547Expenses 2019: $2,197,979Net Income 2019: -$385,4322019Revenue 2020: $1,449,085Expenses 2020: $975,224Net Income 2020: $473,8612020Revenue 2021: $4,421,808Expenses 2021: $1,938,031Net Income 2021: $2,483,7772021Revenue 2022: $3,184,961Expenses 2022: $3,158,989Net Income 2022: $25,9722022Revenue 2023: $6,852,363Expenses 2023: $4,502,827Net Income 2023: $2,349,5362023Revenue 2024: $5,648,156Expenses 2024: $4,760,501Net Income 2024: $887,6552024

Highlighted filing

2015

Revenue$1,308,664
Expenses$2,785,622
Net Income-$1,476,958
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 3, 2016
Return Version
2015v2.0
Gross Receipts
$1,308,664
Mission and Program Overview

Mission

To further international understanding by fostering French American cultural exchange and supporting contemporary creative work in the arts and education. To develop and support relationships between professionals in all creative fields, and to encourage collaborative projects between cultural and educational institutions. To combine the strengths of both the French and American systems of supporting the arts and education in one common initiative: French public support features long-term financial commitments and draws on FACEs partnership with the Cultural Services of the French Embassy American private support from partner foundations, corporate and individual giving which made possible by the independence and private nature of FACE and its administrative structure.

The organization was established to promote and foster french-american cultural and intellectual exchange through various programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,881,671$4,003,537▼ $1,878,134
Pledges and Grants Receivable$638,767$740,413▲ $101,646
Prepaid Expenses and Deferred Charges$23,568$8,034▼ $15,534
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$6,544,006$4,751,984▼ $1,792,022
Other Assets Total-$0-
Liabilities
Grants Payable$2,588,788$2,168,010▼ $420,778
Accounts Payable and Accrued Expenses$23,692$129,406▲ $105,714
Total Liabilities$2,612,480$2,297,416▼ $315,064
Net Assets / Fund Balance
Temporarily Rstr Net Assets$4,015,866$2,570,782▼ $1,445,084
Unrestricted Net Assets$-84,340$-116,214▼ $31,874
Total Net Assets Fund Balance$3,931,526$2,454,568▼ $1,476,958
Total Liabilities and Net Assets / Fund Balance$6,544,006$4,751,984▼ $1,792,022
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Elisabeth HayesExecutive DirectorFT$125,000$125,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,303,203
Program Service Revenue
$0
Investment Income
$5,461
Other Revenue
$0
All Other Contributions
$820,376
Change in Net Assets
$-1,476,958

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,308,664
Total Revenue per Audited Statements
$1,308,664
Total Revenue per Form 990
$1,308,664
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,934,703
Other Expenses$471,164
Salaries, Compensation, and Employee Benefits$379,755
Total Fundraising Expense$171,048
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,934,703--$1,934,703
Comp Disqual Persons-$127,924$85,283$213,207
Current Officers, Directors, Trustees, and Key Employees-$75,000$50,000$125,000
Travel$58,342$2,312$1,542$62,196
Payroll Taxes-$24,929$16,619$41,548
Office Expenses$2,421$3,017$2,011$7,449
Other Expenses$127,096$3,301$2,201$5,502
All Other Expenses$2,127$404$270$2,801
Total Functional Expenses$2,358,002$256,572$171,048$2,785,622

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,785,622
Total Expenses per Audited Statements$2,785,622
Total Expenses per Form 990$2,785,622
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
See Attached ScheduleNew York, NY--$2,257,288
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 reviewed by executive director with cpa firm. Executive director presents to finance committee for approval.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
French American Cultural Exchange
EIN
13-6165672
Phone
2124391449
Address
972 FIFTH AVENUE, NEW YORK, NY 10021

Signing Officer

Name
Patrick Pagni
Title
Chairman
Signed
2016-05-03
Discuss with paid preparer
Yes

Organization Details

Formed
1955
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
0
Employees
3

Preparer

Firm
Adeptus Partners LLC
Address
6 EAST 45TH STREET 10TH FLOOR, NEW YORK, NY 10017
Preparer
Thomas Luisi
Phone
2127588050
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: The Partners University Fund - formed to encourage innovative partnerships between institutions of higher learning in France and the United States and to foster join curricula and diplomas, as well as to give French and American graduate students the opportunity to explore cross-cultural, interdisciplinary approaches in their courses and/or research. OTHER PROGRAM SERVICES 5: The French American Fund for Contemporary Music - supports contemporary music projects commissions, residencies, performances, tours, and master classes - that foster cultural exchange between France and the United States. The Fund awards grants to nonprofit institutions celebrating the work of living composers in both countries. OTHER PROGRAM SERVICES 6: The French-American Jazz Exchange - created by Chamber Music America (CMA), the Cultural Services of the French Embassay and FACE to foster collaborative projects that unite French and American jazz artists in the United States and France. The program supports initiatives in both countries. OTHER PROGRAM SERVICES 7: FUSED - is a Franco-American cultural exchange project in dance in partnership with the New England Foudnation for the Arts and the Doris Duke Charitable Foundation involving exchange of dancers, choreographers and presenters. OTHER PROGRAM SERVICES 8: The Book Fund / "French Voices" - suppotrs translation and publication of contemporary French or Francophone works. OTHER PROGRAM SERVICES 9: The French Heritage Language Program - supports teaching of French language, literature and culture for students of Francophone background enrolled in NYC public schools. OTHER PROGRAM SERVICES 10: The Dual Language Programs - following the development of the French Heritage Language Program, these programs are designed for English-speakers and bilingual speakers as well as French native speakers who do not yet speak fluent English. OTHER PROGRAM SERVICES 11: Other Programs- To promote and foster French-American cultural and intellectual exchange. OTHER PROGRAM SERVICES 12: FILMS ON THE GREEN - AN ANNUAL,FREE OUTDOOR FILM FESTIVAL IN NEW YORK CITY ORGANIZED IN CONJUNCTION WITH THE CITY OF NEW YORK PARKS AND RECREATION. FILMS ON THE GREEN PRESENTS FRENCH FILMS IN NEW YORK CITY PARKS IN JUNE AND JULY, AS WELL AS A SPECIAL SCREENING AT COLUMBIA UNIVERSITY IN SEPTEMBER. OTHER PROGRAM SERVICES 13: CARTE BLANCHE - CREATED IN 2011 TO PROMOTE FRENCH-AMERICAN COLLABORATIONS IN THE FIELDS OF PERFORMING AND/OR VISUAL ARTS. FRENCH ARTISTS ARE INVITED TO THE U.S. TO DEVELOP ARTISTIC PROJECTS WITH THEIR AMERICAN COUNTERPARTS PREFERABLY OUTSIDE OF THE CONVENTIONAL INSTITUTIONAL FRAME. THE GOAL OF THE PROGRAM IS TO CREATE WORKS THAT REFLECT THE ARTIST'S ENCOUNTER WITH AMERICAN SOCIETY.

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IRS990/ProgSrvcAccomActy3Grp/Desc0Etant Donnes - The French-American Fund for Contemporary Theater - dedicated to stimulating French-American cooperation in the presentation and production of French performing arts in the United States. Its goal is to actively encourage American institutions, theaters, festivals, and universities to produce or present theater projects and text-based theatrical productions either by French playwrights or with the participation of French professionals (directors, actors and others). Translations, publication projects, and artists' residencies are also eligible.
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0NOT-FOR-PROFIT INSTITUTIONS OFFERING OR CREATING BI-CULTURAL CURRICULUM AT BOTH AMERICAN AND FRENCH UNIVERSITIES WHO DISPLAY ADDED VALUE OF INTEGRATING A DUAL APPROACH INTO THE LEARNING PROCESS, AS WELL AS OFFER IMMERSION EXPERIENCES IN THE AMERICAN ACADEMIC CULTURE FOR FRENCH PARTICIPANTS, AND VICE VERSA, VIA STUDENT AND FACULTY EXCHANGES, INTERNSHIPS AND SEMINARS ARE INVITED TO APPLY FOR GRANTS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: The Partners University Fund - formed to encourage innovative partnerships between institutions of higher learning in France and the United States and to foster join curricula and diplomas, as well as to give French and American graduate students the opportunity to explore cross-cultural, interdisciplinary approaches in their courses and/or research. OTHER PROGRAM SERVICES 5: The French American Fund for Contemporary Music - supports contemporary music projects commissions, residencies, performances, tours, and master classes - that foster cultural exchange between France and the United States. The Fund awards grants to nonprofit institutions celebrating the work of living composers in both countries. OTHER PROGRAM SERVICES 6: The French-American Jazz Exchange - created by Chamber Music America (CMA), the Cultural Services of the French Embassay and FACE to foster collaborative projects that unite French and American jazz artists in the United States and France. The program supports initiatives in both countries. OTHER PROGRAM SERVICES 7: FUSED - is a Franco-American cultural exchange project in dance in partnership with the New England Foudnation for the Arts and the Doris Duke Charitable Foundation involving exchange of dancers, choreographers and presenters. OTHER PROGRAM SERVICES 8: The Book Fund / "French Voices" - suppotrs translation and publication of contemporary French or Francophone works. OTHER PROGRAM SERVICES 9: The French Heritage Language Program - supports teaching of French language, literature and culture for students of Francophone background enrolled in NYC public schools. OTHER PROGRAM SERVICES 10: The Dual Language Programs - following the development of the French Heritage Language Program, these programs are designed for English-speakers and bilingual speakers as well as French native speakers who do not yet speak fluent English. OTHER PROGRAM SERVICES 11: Other Programs- To promote and foster French-American cultural and intellectual exchange. OTHER PROGRAM SERVICES 12: FILMS ON THE GREEN - AN ANNUAL,FREE OUTDOOR FILM FESTIVAL IN NEW YORK CITY ORGANIZED IN CONJUNCTION WITH THE CITY OF NEW YORK PARKS AND RECREATION. FILMS ON THE GREEN PRESENTS FRENCH FILMS IN NEW YORK CITY PARKS IN JUNE AND JULY, AS WELL AS A SPECIAL SCREENING AT COLUMBIA UNIVERSITY IN SEPTEMBER. OTHER PROGRAM SERVICES 13: CARTE BLANCHE - CREATED IN 2011 TO PROMOTE FRENCH-AMERICAN COLLABORATIONS IN THE FIELDS OF PERFORMING AND/OR VISUAL ARTS. FRENCH ARTISTS ARE INVITED TO THE U.S. TO DEVELOP ARTISTIC PROJECTS WITH THEIR AMERICAN COUNTERPARTS PREFERABLY OUTSIDE OF THE CONVENTIONAL INSTITUTIONAL FRAME. THE GOAL OF THE PROGRAM IS TO CREATE WORKS THAT REFLECT THE ARTIST'S ENCOUNTER WITH AMERICAN SOCIETY.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.00$0.08$8.92$5.65$4.76$0.89
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.00$0.22$7.78$6.85$4.50$2.35
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.49$0.21$5.27$3.18$3.16$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.80$0.56$5.25$4.42$1.94$2.48
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.82$0.06$2.76$1.45$0.98$0.47
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.55$0.82$1.73$1.81$2.20$0.39
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.22$1.10$2.12$2.55$2.14$0.41
2017Summary only. Only limited summary data is available for this year.$3.69$2.05$1.65$2.02$2.64$0.63
2016Summary only. Only limited summary data is available for this year.$4.65$2.37$2.27$2.68$2.86$0.18
2015Detailed filing. Detailed filing data is available for this year.$4.75$2.30$2.45$1.31$2.79$1.48
2014Detailed filing. Detailed filing data is available for this year.$6.54$2.61$3.93$3.83$2.50$1.33
2013Detailed filing. Detailed filing data is available for this year.$5.07$2.47$2.60$2.46$1.39$1.07
2012Summary only. Only limited summary data is available for this year.$4.93$3.40$1.53$5.65$5.46$0.19
2011Summary only. Only limited summary data is available for this year.$3.34$2.01$1.33$1.80$4.15$2.34