Civic Intelligence

Romanian American Foundation

990 • Fiscal year 2015 • EIN 27-1095214

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 08, 2016

Organization ProfileRAFONLINE.ORG
275 Madison Avenue 6th FloorNew York, NY 10016

(212) 812-4362

Siviq Scores

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

Liabilities / Assets

11th percentile

0.02x

Higher debt load relative to assets than 11% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Liabilities / Revenue

7th percentile

0.05x

Higher debt load relative to revenue than 7% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Net Margin

99th percentile

94%

Higher net margin than 99% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Top Officer Pay

3rd percentile

$62,314

Higher top officer pay than 3% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Asset Growth

97th percentile

65%

Faster asset growth than 97% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Revenue Growth

98th percentile

146%

Faster revenue growth than 98% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets11th percentile

Assets

Up

$119,636,309

Up $47,078,307 (+65%) from 2014

Net Assets

Up

$117,057,692

Up $46,495,425 (+66%) from 2014

Liabilities

Up

$2,578,617

Up $582,882 (+29%) from 2014

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin99th percentile

Revenue

Up

$54,228,948

Up $32,186,192 (+146%) from 2014

Expenses

Down

$3,511,458

Down $482,417 (-12%) from 2014

Net Income

Up

$50,717,490

Up $32,668,609 (+181%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$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

2015

Assets$119,636,309
Liabilities$2,578,617
Net Assets$117,057,692
Open 2015 Filing

Operations Trend

Revenue Growth98th percentile

Revenue, expenses, and net income across loaded years, with this 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

2015

Revenue$54,228,948
Expenses$3,511,458
Net Income$50,717,490
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 8, 2016
Return Version
2015v2.1
Gross Receipts
$94,244,537
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$50,810,435$77,816,884▲ $27,006,449
Investments Program Related$232,000$26,945,782▲ $26,713,782
Savings and Temporary Cash Investments$16,610,892$9,173,804▼ $7,437,088
Land, Buildings, and Equipment, Net$3,662,681$3,529,375▼ $133,306
Cash and Non-Interest-Bearing Accounts$1,230,562$2,165,341▲ $934,779
Prepaid Expenses and Deferred Charges$11,288$5,123▼ $6,165
Accounts Receivable$144$0▼ $144
Investments Other Securities$0--
Total Assets$72,558,002$119,636,309▲ $47,078,307
Liabilities
Grants Payable$1,934,219$2,494,910▲ $560,691
Accounts Payable and Accrued Expenses$61,516$83,707▲ $22,191
Total Liabilities$1,995,735$2,578,617▲ $582,882
Net Assets / Fund Balance
Unrestricted Net Assets$70,562,267$117,057,692▲ $46,495,425
Total Net Assets Fund Balance$70,562,267$117,057,692▲ $46,495,425
Total Liabilities and Net Assets / Fund Balance$72,558,002$119,636,309▲ $47,078,307

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,978,629$484,353$3,462,982
Land$537,273-$537,273
Equipment$13,473$258,823$272,296
Other Land Buildings$0$12,887$12,887
Investment Program Related Org$26,345,782--
Compensation and Service Providers
Top Officer Pay3rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Roxana VitanPresidentFT$62,314$62,314
Bogdan GiurgincaTreasurer and CFOPT$61,880$61,880

Board Members and Trustees

NameTitle
Phillip HendersonChair
Mihai TudorVice Chair
Adrian IonescuTrustee
Anne BusquetTrustee
Carmen ReteganTrustee
Hildy SimmonsTrustee
Ida SchmertzTrustee
Ionut SimionTrustee
Mike GeigerTrustee
Mills T KellyTrustee
Mircea MicleaTrustee
William B Beekman EsqTrustee
Emily GrandAsst. Corporate Secretary
Arthur HickokCorporate Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$51,798,315
Program Service Revenue
$0
Investment Income
$2,430,633
Other Revenue
$0
Change in Net Assets
$50,717,490

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Secur Prtnrshp Trust Intrsts1$30,839,132Fair Value at Date of Re
Other Non Cash Contri Table1$8,026Fair Value at Date O
Total Noncash Contributions2$30,847,158-

Audited Revenue Reconciliation

Revenue per Audited Statements
$54,040,104
Revenue Not Reported on Financial Statements
$188,844
Revenue Not Reported on Form 990
$-4,222,065
Total Revenue per Audited Statements
$49,818,039
Total Revenue per Form 990
$54,228,948
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,096,491
Other Expenses$879,776
Salaries, Compensation, and Employee Benefits$535,191
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$2,021,491--$2,021,491
Other Salaries and Wages$144,707$68,491-$213,198
Fees for Service Investment Mgmnt Fees-$188,844-$188,844
Payroll Taxes$181,268--$181,268
Depreciation Depletion$140,805--$140,805
Occupancy$137,695$1,088-$138,783
Current Officers, Directors, Trustees, and Key Employees$124,194--$124,194
Fees for Services Other$122,030--$122,030
Conferences and Meetings$5,360$108,479-$113,839
Grants to Domestic Orgs$75,000--$75,000
Office Expenses$48,204$14,053-$62,257
Travel$35,894$1,479-$37,373
Fees for Services Accounting-$35,360-$35,360
Other Employee Benefits$16,531--$16,531
Insurance-$15,304-$15,304
Advertising$9,809--$9,809
Other Expenses$5,937--$5,937
Total Functional Expenses$3,078,360$433,098$0$3,511,458

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,511,458
Expenses per Audited Statements$3,322,614
Total Expenses per Audited Statements$3,322,614
Expenses Not Reported on Financial Statements$188,844
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
German Marshall Fund of the United StatesWashington, DC501(c)(3)Community Development$75,000

International Summary

Offices
1
Employees
28
Spending
$3,214,000

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 Allignment With the Mission of the Reporting Organization.128$3,214,000
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 $73,316 FOR THE REPORTING PERIOD. MR. HICKOK RECUSED HIMSELF FROM MATTERS CONCERNING THE SELECTION AND COMPENSATION OF THE MANAGEMENT SERVICES FIRM RETAINED BY RAF.No$73,316
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 $73,316 FOR THE REPORTING PERIOD.No$73,316
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
No
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 deleware 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 directors/trustees and have certain additional authority under delaware law.”

Form 990, Part VI, Section B, Line 11

“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 director/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 reviews all officer salaries and approves all increases and/or compensation.”

Form 990, Part VI, Section C, Line 19

“The organization's financial statements are available upon request to the organization. The conflict of interest policy and governing documents are not made 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
2016-11-08
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 remained unchanged from the prior year.”

Raw XML AppendixShowing 400 of 763 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/ActivityOrMissionDesc0TO 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.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
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/TitleTxt12TREASURER AND CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt13PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14CORPORATE SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt15ASST. CORPORATE SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02008
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-750396
IRS990/GainOrLossGrp/SecuritiesAmt01104665
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantAmt02096491
IRS990/GrantsPayableGrp/BOYAmt01934219
IRS990/GrantsPayableGrp/EOYAmt02494910
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt075000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt075000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt040369858
IRS990/GrossReceiptsAmt094244537
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt015304
IRS990/InsuranceGrp/TotalAmt015304
IRS990/InvestmentIncomeGrp/ExclusionAmt02076364
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02076364
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0232000
IRS990/InvestmentsProgramRelatedGrp/EOYAmt026945782
IRS990/InvestmentsPubTradedSecGrp/BOYAmt050810435
IRS990/InvestmentsPubTradedSecGrp/EOYAmt077816884
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0756063
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03662681
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03529375
IRS990/LandBldgEquipCostOrOtherBssAmt04285438
IRS990/LegalDomicileStateCd0DE
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0750396
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt039265193
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
IRS990/NetAssetsOrFundBalancesBOYAmt070562267
IRS990/NetAssetsOrFundBalancesEOYAmt0117057692
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0354269
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0354269
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-4222065
IRS990/NoncashContributionsAmt030847158
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt01088
IRS990/OccupancyGrp/ProgramServicesAmt0137695
IRS990/OccupancyGrp/TotalAmt0138783
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt014053
IRS990/OfficeExpensesGrp/ProgramServicesAmt048204
IRS990/OfficeExpensesGrp/TotalAmt062257
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt016531
IRS990/OtherEmployeeBenefitsGrp/TotalAmt016531
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1DUES & MEMBERSHIPS
IRS990/OtherExpensesGrp/ProgramServicesAmt09435
IRS990/OtherExpensesGrp/ProgramServicesAmt15937
IRS990/OtherExpensesGrp/TotalAmt09435
IRS990/OtherExpensesGrp/TotalAmt15937
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt068491
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0144707
IRS990/OtherSalariesAndWagesGrp/TotalAmt0213198
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0181268
IRS990/PayrollTaxesGrp/TotalAmt0181268
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011288
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05123
IRS990/PrincipalOfficerNm0PHILLIP HENDERSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt020000000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02415441
IRS990/PYInvestmentIncomeAmt02042756
IRS990/PYOtherExpensesAmt0931019
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt018048881
IRS990/PYSalariesCompEmpBnftPaidAmt0647415
IRS990/PYTotalExpensesAmt03993875
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt022042756
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt050717490
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt051798315
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/SavingsAndTempCashInvstGrp/BOYAmt016610892
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09173804
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, SECTIONS D AND E:
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0521889172
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd09
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt03078360
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ROMANIAN-AMERICAN INVESTMENT FOUNDATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt03078360
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/BookValueAmt02978629
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0484353
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03462982
IRS990ScheduleD/EquipmentGrp/BookValueAmt013473
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0258823
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0272296
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0188844
IRS990ScheduleD/ExpensesSubtotalAmt03322614
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0188844
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0188844
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0600000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt126345782
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0REPAYABLE GRANTS AND LOANS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1BAF EQUITY INVESTMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LandGrp/BookValueAmt0537273
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0537273

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$119,636,309
Liabilities
$2,578,617
Net assets
$117,057,692
Revenue
$54,228,948
Expenses
$3,511,458
Net income
$50,717,490
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