Civic Intelligence

Romanian-American Foundation

EIN 27-1095214 • 501(c)3 • New York, NY

Profile

To strengthen and promote conditions for a sustainable market economy and a democratic society that provides access to opportunity for all segments of the romanian society.

275 Madison Avenue 6th FloorNew York, NY 10016

rafonline.org

Siviq Scores

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

Liabilities / Assets

15th percentile

0.02x

Higher debt load relative to assets than 15% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

53rd percentile

0.49x

Higher debt load relative to revenue than 53% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2016

Net Margin

78th percentile

21%

Higher net margin than 78% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

31st percentile

1.4%

Faster asset growth than 31% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

1st percentile

-89%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$121,306,241

Up $1,669,932 (+1.4%) from 2015

Liabilities

Up

$2,958,180

Up $379,563 (+15%) from 2015

Net Assets

Up

$118,348,061

Up $1,290,369 (+1.1%) from 2015

Operations
Liabilities / Revenue53rd percentileNet Margin78th percentile

Revenue

Down

$6,076,118

Down $48,152,830 (-89%) from 2015

Expenses

Up

$4,785,749

Up $1,274,291 (+36%) from 2015

Net Income

Down

$1,290,369

Down $49,427,121 (-97%) from 2015

Trend Graphs

Balance Sheet Trend

Asset Growth31st percentile

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

$150M$100M$50M$0Assets 2014: $72,558,002Liabilities 2014: $1,995,735Net Assets 2014: $70,562,2672014Assets 2015: $119,636,309Liabilities 2015: $2,578,617Net Assets 2015: $117,057,6922015Assets 2016: $121,306,241Liabilities 2016: $2,958,180Net Assets 2016: $118,348,0612016

Highlighted filing

2016

Assets$121,306,241
Liabilities$2,958,180
Net Assets$118,348,061
Open 2016 Filing

Operations Trend

Revenue Growth1st percentile

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

$60M$40M$20M$0Revenue 2014: $22,042,756Expenses 2014: $3,993,875Net Income 2014: $18,048,8812014Revenue 2015: $54,228,948Expenses 2015: $3,511,458Net Income 2015: $50,717,4902015Revenue 2016: $6,076,118Expenses 2016: $4,785,749Net Income 2016: $1,290,3692016

Highlighted filing

2016

Revenue$6,076,118
Expenses$4,785,749
Net Income$1,290,369
Open 2016 Filing

Filings

Most recent year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$121,306,241
Liabilities
$2,958,180
Net assets
$118,348,061
Revenue
$6,076,118
Expenses
$4,785,749
Net income
$1,290,369
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$121$2.96$118$6.08$4.79$1.29
2015Detailed filing. Detailed filing data is available for this year.$120$2.58$117$54.2$3.51$50.7
2014Detailed filing. Detailed filing data is available for this year.$72.6$2.00$70.6$22.0$3.99$18.0
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 2, 2017
Return Version
2016v3.0
Gross Receipts
$34,232,747
Mission and Program Overview

Mission

To strengthen and promote conditions for a sustainable market economy and a democratic society that provides access to opportunity for all segments of the romanian society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$77,816,884$92,979,651▲ $15,162,767
Investments Program Related$26,945,782$12,756,987▼ $14,188,795
Savings and Temporary Cash Investments$9,173,804$8,297,065▼ $876,739
Cash and Non-Interest-Bearing Accounts$2,165,341$3,830,078▲ $1,664,737
Land, Buildings, and Equipment, Net$3,529,375$3,435,728▼ $93,647
Prepaid Expenses and Deferred Charges$5,123$6,732▲ $1,609
Total Assets$119,636,309$121,306,241▲ $1,669,932
Liabilities
Grants Payable$2,494,910$2,849,646▲ $354,736
Accounts Payable and Accrued Expenses$83,707$108,534▲ $24,827
Total Liabilities$2,578,617$2,958,180▲ $379,563
Net Assets / Fund Balance
Unrestricted Net Assets$117,057,692$118,348,061▲ $1,290,369
Total Net Assets Fund Balance$117,057,692$118,348,061▲ $1,290,369
Total Liabilities and Net Assets / Fund Balance$119,636,309$121,306,241▲ $1,669,932

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,894,690$568,292$3,462,982
Land$537,273-$537,273
Equipment$3,765$268,531$272,296
Other Land Buildings$0$12,887$12,887
Investment Program Related Org$12,558,988--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Roxana VitanPresidentFT$62,711$62,711
Bogdan GiurgincaTreasurer and CFOFT$60,411$60,411

Board Members and Trustees

NameTitle
Philip HendersonChairman
Mihai TudorVice Chair
Adrian IonescuTrustee
Anne BusquetTrustee
Carmen ReteganTrustee
Hildy SimmonsTrustee
Ida F S SchmertzTrustee
Ionut SimionTrustee
Michael RubingerTrustee
Mike GeigerTrustee
Tmills KellyTrustee
William B Beekman EsqTrustee
Emily GrandAsst. Corporate Secretary
Arthur HickokCorporate Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,070,552
Program Service Revenue
$0
Investment Income
$5,005,566
Other Revenue
$0
All Other Contributions
$64,200
Change in Net Assets
$1,290,369
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,175,855
Other Expenses$1,097,203
Salaries, Compensation, and Employee Benefits$512,691
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$2,198,855--$2,198,855
Grants to Domestic Orgs$977,000--$977,000
Fees for Service Investment Mgmnt Fees-$270,026-$270,026
Other Salaries and Wages$132,023$66,032-$198,055
Fees for Services Other$197,717--$197,717
Payroll Taxes$175,294--$175,294
Occupancy$126,352--$126,352
Current Officers, Directors, Trustees, and Key Employees$123,121--$123,121
Conferences and Meetings-$96,399-$96,399
Depreciation Depletion$93,646--$93,646
Advertising$72,247--$72,247
Travel$49,642$952-$50,594
Fees for Services Legal$25,189$22,020-$47,209
Office Expenses$33,309$8,761-$42,070
Fees for Services Accounting-$40,348-$40,348
Other Employee Benefits$16,221--$16,221
Insurance-$15,304-$15,304
Other Expenses$5,652$118-$118
Total Functional Expenses$4,263,957$521,792$0$4,785,749
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Council on International Educational ExchangeBoston, MA501(c)(3)Education$807,000
Ashoka - Innovators for the PublicArlington, VA501(c)(3)Entrepreneurship$170,000

International Summary

Offices
1
Employees
27
Spending
$4,263,957

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
RomaniaGrantsThe Foundation Contributes to Developing Entrepreneurship, Improving Education, Promoting the Spirit of Philanthropy in Romania and Fostering Innovation. the Foundation Also Provides Use of Meeting Rooms in Its Bucharest Headquarters to Various Romanian Non-profit Organizations With Missions in Alignment With the Mission of the Reporting Organization.127$4,263,957
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Arthur HickokOfficerARTHUR HICKOK WAS A PRINCIPAL WITH GHS PHILANTHROPY MANAGEMENT ("GHS") DURING THE REPORTING PERIOD OF THIS FORM 990. GHS RECEIVED COMPENSATION FOR PROFESSIONAL SERVICES IN THE AMOUNT OF $69,050 FOR THE REPORTING PERIOD. MR. HICKOK RECUSED HIMSELF FROM MATTERS CONCERNING THE SELECTION AND COMPENSATION OF THE MANAGEMENT SERVICES FIRM RETAINED BY RAF.No$69,050
Emily GrandOfficerEMILY GRAND WAS A PRINCIPAL WITH GHS PHILANTHROPY MANAGEMENT ("GHS") DURING THE REPORTING PERIOD OF THIS FORM 990. GHS RECEIVED COMPENSATION FOR PROFESSIONAL SERVICES IN THE AMOUNT OF $69,050 FOR THE REPORTING PERIOD. MS. GRAND RECUSED HERSELF FROM MATTERS CONCERNING THE SELECTION AND COMPENSATION OF THE MANAGEMENT SERVICES FIRM RETAINED BY RAF.No$69,050
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Officers arthur hickok and emily grand are both principals at ghs philanthropy management and are husband and wife.”

Form 990, Part VI, Section A, Line 6

“As a delaware nonstock corporation, the organization has members. The organization's members are the trustees as long as they remain trustees. The members elect the trustees and have certain additional rights of approval as members as provided by delaware law.”

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

“Members are elected by current members of the organization and hold office for up to three years depending on their designated class.”

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

“The members elect the trustees and have certain additional authority under delaware law.”

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

“The form 990 is prepared by an independent certified public accounting firm using the organization's certified financial records and through discussions with the organization's president and chief financial officer. The president then reviews the form 990 with the members of the organization's board of trustees. Each member is provided with access to the form 990 prior to filing with the internal revenue service.”

Form 990, Part VI, Section B, Line 12C

“The organization's independent auditors confirm with each trustee and key employee that they have complied with the policy's requirements during the organization's annual audit.”

Form 990, Part VI, Section B, Line 15

“The board of trustees review the salaries of all officers and approve compensation and any increases.”

Form 990, Part VI, Section C, Line 19

“The organization's financial statements are available to the public upon written request. The organization's conflict of interest policy and governing documents are not available to the public.”

Filing and Contact Details

Filer

Filer Name
Romanian-american Foundation
EIN
27-1095214
Phone
2128124362
Address
275 MADISON AVENUE 6TH FLOOR, NEW YORK, NY 10016

Signing Officer

Name
Phillip Henderson
Title
Chairman
Phone
2128124362
Signed
2017-10-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Phillip Henderson
Formed
2008
Legal Domicile
De
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Citrin Cooperman & Company Llp
Address
TEN WEYBOSSET STREET - SUITE 700, PROVIDENCE, RI 02903
Preparer
Martha Hultzman
Phone
4014214800
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The oversight process of the organization's audit has remined unchanged from the prior year.”

Raw XML AppendixShowing 400 of 796 raw XML fields

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13TREASURER AND CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt14CORPORATE SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt15ASST. CORPORATE SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02008
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt04008842
IRS990/GainOrLossGrp/SecuritiesAmt0-1405533
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantAmt03175855
IRS990/GrantsPayableGrp/BOYAmt02494910
IRS990/GrantsPayableGrp/EOYAmt02849646
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0977000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0977000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt04293651
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt026466287
IRS990/GrossReceiptsAmt034232747
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt015304
IRS990/InsuranceGrp/TotalAmt015304
IRS990/InvestmentIncomeGrp/ExclusionAmt02402257
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02402257
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt026945782
IRS990/InvestmentsProgramRelatedGrp/EOYAmt012756987
IRS990/InvestmentsPubTradedSecGrp/BOYAmt077816884
IRS990/InvestmentsPubTradedSecGrp/EOYAmt092979651
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0849710
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03529375
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03435728
IRS990/LandBldgEquipCostOrOtherBssAmt04285438
IRS990/LegalDomicileStateCd0DE
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0284809
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt027871820
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO STRENGTHEN AND PROMOTE CONDITIONS FOR A SUSTAINABLE MARKET ECONOMY AND A DEMOCRATIC SOCIETY THAT PROVIDES ACCESS TO OPPORTUNITY FOR ALL SEGMENTS OF THE ROMANIAN SOCIETY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd01
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IRS990/NetAssetsOrFundBalancesEOYAmt0118348061
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt02603309
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02603309
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0126352
IRS990/OccupancyGrp/TotalAmt0126352
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08761
IRS990/OfficeExpensesGrp/ProgramServicesAmt033309
IRS990/OfficeExpensesGrp/TotalAmt042070
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt016221
IRS990/OtherEmployeeBenefitsGrp/TotalAmt016221
IRS990/OtherExpensesGrp/Desc0EQUIPMENT RENT/MAINTENA
IRS990/OtherExpensesGrp/Desc1BANKING FEES & MISCELLA
IRS990/OtherExpensesGrp/Desc2DUES & MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc3REIMB.BUSINESS EXP.
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01143
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1689
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2118
IRS990/OtherExpensesGrp/ProgramServicesAmt021122
IRS990/OtherExpensesGrp/ProgramServicesAmt116567
IRS990/OtherExpensesGrp/ProgramServicesAmt25652
IRS990/OtherExpensesGrp/TotalAmt021122
IRS990/OtherExpensesGrp/TotalAmt117710
IRS990/OtherExpensesGrp/TotalAmt26341
IRS990/OtherExpensesGrp/TotalAmt3118
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt066032
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0132023
IRS990/OtherSalariesAndWagesGrp/TotalAmt0198055
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0175294
IRS990/PayrollTaxesGrp/TotalAmt0175294
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05123
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06732
IRS990/PrincipalOfficerNm0PHILLIP HENDERSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt051798315
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02096491
IRS990/PYInvestmentIncomeAmt02430633
IRS990/PYOtherExpensesAmt0879776
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt050717490
IRS990/PYSalariesCompEmpBnftPaidAmt0535191
IRS990/PYTotalExpensesAmt03511458
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt054228948
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01290369
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt01006352
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt09173804
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08297065
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION WAS ESTABLISHED TO CARRY OUT THE PURPOSES OF THE ROMANIAN-AMERICAN INVESTMENT FOUNDATION ("RAIF"), FORMERLY KNOWN AS THE ROMANIAN-AMERICAN ENTERPRISE FUND. THESE PURPOSES ARE (I) TO PROMOTE PRIVATE SECTOR DEVELOPMENT OF THE COUNTRY OF ROMANIA, PARTICULARLY IN SMALL-SIZED AND MEDIUM-SIZED PRIVATE BUSINESSES, JOINT VENTURES WITH U.S. AND ROMANIAN PARTICIPANTS, AND POLICIES AND PRACTICES CONDUCIVE TO PRIVATE SECTOR DEVELOPMENT IN ROMANIA, WITH EMPHASIS ON EDUCATION, ENTREPRENEURSHIP, AND PRIVATE SECTOR PHILANTHROPY AND VOLUNTEERISM IN ROMANIA, THROUGH LOANS, GRANTS, EQUITY INVESTMENTS, FEASIBILITY STUDIES, TECHNICAL ASSISTANCE, TRAINING, INSURANCE, GUARANTEES AND OTHER MEASURES, AND (II) TO ADVANCE THE PURPOSES OF THE U.S. FOREIGN ASSISTANCE ACT OF 1961 AND THE U.S. SUPPORT FOR EAST EUROPEAN DEMOCRACY ACT OF 1989 ("SEED ACT"). AS FORMALIZED IN A GRANT AGREEMENT BETWEEN THE ORGANIZATION AND RAIF SIGNED IN 2009, AS AMENDED, THE ORGANIZATION CARRIES OUT RAIF'S PURPOSES AND MISSION BY FOCUSING ON AND PROMOTING EDUCATION, JOB CREATION AND ENTREPRENEURSHIP PROGRAMS IN ROMANIA. THESE ARE PROGRAMS AND ACTIVITIES THAT RAIF WOULD ENGAGE IN BUT FOR THE FACT THAT THE ORGANIZATION IS FOSTERING AND SUPPORTING THESE PROGRAMS AND ACTIVITIES ON RAIF'S BEHALF. THE ORGANIZATION, SINCE ITS FORMATION IN 2008, HAS HAD AN HISTORIC AND CONTINUING RELATIONSHIP WITH ITS SUPPORTED PUBLIC CHARITY, RAIF. THE ORGANIZATION'S PURPOSES ARE TO CONDUCT CHARITABLE AND EDUCATIONAL ACTIVITIES THAT SUPPORT AND PROMOTE THE CHARITABLE ACTIVITIES AND MISSION OF RAIF. IN FACT, THE PURPOSE STATEMENTS IN THE GOVERNING INSTRUMENTS OF THE ORGANIZATION AND RAIF ARE NOW IDENTICAL. SINCE THE ORGANIZATION WAS FORMED, A MAJORITY OF THE BOARD OF TRUSTEES OF EACH OF THE ORGANIZATION AND RAIF HAS CONSISTED OF THE SAME INDIVIDUALS, AND THE BOARDS OF TRUSTEES OF BOTH THE ORGANIZATION AND RAIF ARE NOW ENTIRELY COMPOSED OF THE SAME INDIVIDUALS. THE ORGANIZATION AND RAIF HAVE ALSO SINCE THE ORGANIZATION'S FORMATION SHARED CERTAIN KEY OFFICERS IN COMMON, AND THE STAFFS OF BOTH THESE ORGANIZATIONS COORDINATE CLOSELY ON THE TWO ORGANIZATIONS' ACTIVITIES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, SECTION D AND E:
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
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IRS990ScheduleA/SupportedOrgInformationGrp/EIN0521889172
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01006352
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ROMANIAN-AMERICAN INVESTMENT FOUNDATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt01006352
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt02894690
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0568292
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03462982
IRS990ScheduleD/EquipmentGrp/BookValueAmt03765
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0268531
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0272296
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0197999
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt112558988
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0REPAYABLE GRANTS AND LOANS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1BAF EQUITY INVESTMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C

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