Civic Intelligence

American Romanian Festival Inc

EIN 20-5576024 • 501(c)3 • Ann Arbor, MI

Profile

The american romanian festival, inc. Was created to foster a mutual understanding of, and greater knowledge of american and romanian culture to audiences of both countries. It seeks to do this by sponsoring a festival of romanian and american music and art. This festival consists of a number of events, (lectures, concerts, master classes), which take place in both the us and romania.

1407 Ferdon RdAnn Arbor, MI 48104

americanromanianfestival.org

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.00x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

65th percentile

0.00x

Higher debt load relative to revenue than 65% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

78th percentile

25%

Higher net margin than 78% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

70th percentile

12%

Faster asset growth than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

28th percentile

-29%

Faster revenue growth than 28% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$24,290

Up $2,591 (+12%) from 2019

Liabilities

Down

$45

Down $9 (-17%) from 2019

Net Assets

Up

$24,245

Up $2,600 (+12%) from 2019

Revenue

Down

$17,163

Down $7,020 (-29%) from 2019

Expenses

Down

$12,821

Down $11,008 (-46%) from 2019

Net Income

Up

$4,342

Up $3,988 (+1127%) from 2019

Trend Graphs

Balance Sheet Trend

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

$30K$20K$10K$0Assets 2011: $9,459Liabilities 2011: $1,6752011Assets 2012: $7,550Net Assets 2012: $7,5502012Assets 2013: $6,796Net Assets 2013: $6,7962013Assets 2014: $11,146Net Assets 2014: $11,1462014Assets 2015: $8,575Net Assets 2015: $8,5752015Assets 2016: $13,088Liabilities 2016: $715Net Assets 2016: $12,3732016Assets 2017: $16,464Net Assets 2017: $16,4642017Assets 2018: $18,284Liabilities 2018: $32Net Assets 2018: $18,2522018Assets 2019: $21,699Liabilities 2019: $54Net Assets 2019: $21,6452019Assets 2020: $24,290Liabilities 2020: $45Net Assets 2020: $24,2452020

Highlighted filing

2020

Assets$24,290
Liabilities$45
Net Assets$24,245

Operations Trend

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

$30K$20K$10K$0-$10KRevenue 2011: $13,491Expenses 2011: $20,446Net Income 2011: -$6,9552011Revenue 2012: $24,730Expenses 2012: $24,255Net Income 2012: $4752012Revenue 2013: $3,507Expenses 2013: $4,234Net Income 2013: -$7272013Revenue 2014: $15,881Expenses 2014: $11,922Net Income 2014: $3,9592014Revenue 2015: $13,100Expenses 2015: $16,576Net Income 2015: -$3,4762015Revenue 2016: $26,932Expenses 2016: $24,433Net Income 2016: $2,4992016Revenue 2017: $15,523Expenses 2017: $14,121Net Income 2017: $1,4022017Revenue 2018: $29,520Expenses 2018: $28,784Net Income 2018: $7362018Revenue 2019: $24,183Expenses 2019: $23,829Net Income 2019: $3542019Revenue 2020: $17,163Expenses 2020: $12,821Net Income 2020: $4,3422020

Highlighted filing

2020

Revenue$17,163
Expenses$12,821
Net Income$4,342

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 14, 2020
Return Version
2019v5.0
Gross Receipts
$17,163
Mission and Program Overview

Mission

The american romanian festival, inc. Was created to foster a mutual understanding of, and greater knowledge of american and romanian culture to audiences of both countries. It seeks to do this by sponsoring a festival of romanian and american music and art. This festival consists of a number of events, (lectures, concerts, master classes), which take place in both the us and romania.

Program Services

DescriptionGrantsExpenses
IN THE 2019-2020 FISCAL YEAR, THE AMERICAN ROMANIAN FESTIVAL INC. ORGANIZED A SERIES OF CONCERTS IN THE ANN ARBOR- DETROIT AREA UNTIL THE CURRENT PANDEMIC LED TO CONCERT CANCELLATIONS STARTING MARCH 2020. THE FESTIVAL FEATURED AMERICAN MUSICIANS IN CHAMBER MUSIC CONCERTS AS WELL AS ROMANIAN GUEST ARTISTS. THE PRIMARY COLLABORATIONS WERE WITH WAYNE STATE UNIVERSITY DEPARTMENT OF MUSIC AND THE STEINWAY GALLERY DETROIT. THERE WERE A TOTAL OF 9 CHAMBER MUSIC CONCERTS PLANNED, TWO MASTER CLASSES, AND A SYMPHONIC CONCERT FEATURING AMERICAN AND ROMANIAN COMPOSERS WITH THE WAYNE STATE ORCHESTRA. THE ACTUAL NUMBER OF PERFORMANCES WAS REDUCED TO ONLY 5 DUE TO THE COVID 19 EPIDEMIC.-$12,821
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARIAN TANAUPresidentPT$0--
CHARLES SLATERTreasurer-$0--
JOHN SANTEIU JRBoard Member-$0--
MAUREEN D'AVANZOBoard Member-$0--
FRANZ HERBERTBoard Member-$0--
LORI KLEMM RUNCOBoard Member-$0--
SILVIU PALABoard Member-$0--
Filing and Contact Details

Filer

Filer Name
American Romanian Festival Inc
EIN
20-5576024
Phone
7343085372
Address
1407 FERDON RD, ANN ARBOR, MI 48104

Signing Officer

Name
Marian Tanau
Title
President
Phone
7343085372
Signed
2020-10-14
Discuss with paid preparer
Yes

Preparer

Firm
Charles Slater CPA
Address
130 S MAIN ST SUITE 202, BOWLING GREEN, OH 43402
Preparer
Charles Slater
Phone
4193543405
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses office expenses 1,340 internet & web services 1,236 total 2,576

Form 990-ez, Part I, Line 20

Unrealized gain on securities investment 0 unrealized loss on securities investment -1,742

Form 990-ez, Part II, Line 26

Visa card 54 45 accrued federal withholding payable 0 0 accrued mi withholding 0 0 director's salary payable 0 0

Form 990-ez, Part III

The american romanian festival, inc. Was created to foster a mutual understanding of, and greater knowledge of american and romanian culture to audiences of both countries. It seeks to do this by sponsoring a festival of romanian and american music and art. This festival consists of a number of events, (lectures, concerts, master classes), which take place in both the us and romania.

Form 990-ez, Part III, Line 28

In the 2019-2020 fiscal year, the american romanian festival inc. Organized a series of concerts in the ann arbor- detroit area until the current pandemic led to concert cancellations starting march 2020. The festival featured american musicians in chamber music concerts as well as romanian guest artists. The primary collaborations were with wayne state university department of music and the steinway gallery detroit. There were a total of 9 chamber music concerts planned, two master classes, and a symphonic concert featuring american and romanian composers with the wayne state orchestra. The actual number of performances was reduced to only 5 due to the covid 19 epidemic.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE EXPENSES 1,340 INTERNET & WEB SERVICES 1,236 TOTAL 2,576
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UNREALIZED GAIN ON SECURITIES INVESTMENT 0 UNREALIZED LOSS ON SECURITIES INVESTMENT -1,742
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE AMERICAN ROMANIAN FESTIVAL, INC. WAS CREATED TO FOSTER A MUTUAL UNDERSTANDING OF, AND GREATER KNOWLEDGE OF AMERICAN AND ROMANIAN CULTURE TO AUDIENCES OF BOTH COUNTRIES. IT SEEKS TO DO THIS BY SPONSORING A FESTIVAL OF ROMANIAN AND AMERICAN MUSIC AND ART. THIS FESTIVAL CONSISTS OF A NUMBER OF EVENTS, (LECTURES, CONCERTS, MASTER CLASSES), WHICH TAKE PLACE IN BOTH THE US AND ROMANIA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IN THE 2019-2020 FISCAL YEAR, THE AMERICAN ROMANIAN FESTIVAL INC. ORGANIZED A SERIES OF CONCERTS IN THE ANN ARBOR- DETROIT AREA UNTIL THE CURRENT PANDEMIC LED TO CONCERT CANCELLATIONS STARTING MARCH 2020. THE FESTIVAL FEATURED AMERICAN MUSICIANS IN CHAMBER MUSIC CONCERTS AS WELL AS ROMANIAN GUEST ARTISTS. THE PRIMARY COLLABORATIONS WERE WITH WAYNE STATE UNIVERSITY DEPARTMENT OF MUSIC AND THE STEINWAY GALLERY DETROIT. THERE WERE A TOTAL OF 9 CHAMBER MUSIC CONCERTS PLANNED, TWO MASTER CLASSES, AND A SYMPHONIC CONCERT FEATURING AMERICAN AND ROMANIAN COMPOSERS WITH THE WAYNE STATE ORCHESTRA. THE ACTUAL NUMBER OF PERFORMANCES WAS REDUCED TO ONLY 5 DUE TO THE COVID 19 EPIDEMIC.
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