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Nonprofiteer
← AMERICAN TURKISH SOCIETY INC

Form 990 for tax year 2024

Filed by AMERICAN TURKISH SOCIETY INC.

Totals

Total revenue
$875,521
Total expenses
$655,447
Contributions and grants received
$1,204,153
Grants paid
$231,650
Program service revenue
$0
Investment income
$44,268
Other revenue
-$372,900
Total assets, end of year
$1,787,084
Total liabilities, end of year
$23,020
Net assets or fund balances, end of year
$1,764,064
Program services expenses (Part IX)
$365,770
Management and general expenses
$88,181
Fundraising expenses
$201,496
Program service expenses (Part III)
$365,770

Program services were 55.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $16,700

  • 1c · Fundraising events

    $764,850

  • 1e · Government grants (contributions)

    $41,945

  • 1f · All other contributions, gifts and grants

    $380,658

  • 1g · Noncash contributions included above

    $50,000

  • 3 · Investment income

    total $46,786 · excluded $46,786

  • 7a · Gross sales of assets other than inventory

    securities $1,794,648

  • 7b · Less cost or other basis and sales expenses

    securities $1,797,166

  • 7c · Gain or loss

    securities -$2,518

  • 7d · Net gain or loss

    total -$2,518 · excluded -$2,518

  • 8a · Fundraising events: gross income

    $165,150

  • 8a · Fundraising events: contributions included on line 1c

    $764,850

  • 8b · Fundraising events: direct expenses

    $538,050

  • 8c · Net income from fundraising events

    total -$372,900 · excluded -$372,900

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $84,650 · program services $84,650

  • 2 · Grants to domestic individuals

    total $17,000 · program services $17,000

  • 3 · Grants to foreign organizations and individuals

    total $130,000 · program services $130,000

  • 5 · Compensation of officers, directors and key employees

    total $129,799 · program services $97,349 · management and general $25,960 · fundraising $6,490

  • 10 · Payroll taxes

    total $9,381 · program services $7,036 · management and general $1,876 · fundraising $469

  • 11b · Fees: legal

    total $275 · management and general $275

  • 11c · Fees: accounting

    total $52,174 · management and general $52,174

  • 11g · Fees: other

    total $120 · program services $120

  • 12 · Advertising and promotion

    total $377 · program services $283 · management and general $75 · fundraising $19

  • 13 · Office expenses

    total $34,736 · program services $10,391 · management and general $2,771 · fundraising $21,574

  • 16 · Occupancy

    total $3,259 · program services $2,444 · management and general $652 · fundraising $163

  • 17 · Travel

    total $7,364 · program services $5,523 · management and general $1,473 · fundraising $368

  • 23 · Insurance

    total $3,812 · program services $2,859 · management and general $762 · fundraising $191

  • 24a · Other expenses: INDIRECT EVENT COSTS

    total $171,681 · fundraising $171,681

  • 24b · Other expenses: WEB HOSTING

    total $5,500 · program services $4,125 · management and general $1,100 · fundraising $275

  • 24c · Other expenses: MISCELLANEOUS

    total $5,319 · program services $3,990 · management and general $1,063 · fundraising $266

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,534,186 · end of year $109,911

  • 2 · Savings and temporary cash investments

    end of year $1,396,015

  • 3 · Pledges and grants receivable

    beginning of year $43,546 · end of year $224,401

  • 9 · Prepaid expenses and deferred charges

    beginning of year $646 · end of year $56,757

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,388 · end of year $23,020

  • 27 · Net assets without donor restrictions

    beginning of year $1,543,990 · end of year $1,624,064

  • 28 · Net assets with donor restrictions

    end of year $140,000

Mission and programs · 2024

Mission

THE AMERICAN TURKISH SOCIETY'S MISSION IS TO ENHANCE BUSINESS, ECONOMIC, AND CULTURAL TIES BETWEEN TURKEY AND THE UNITED STATES.

  • EACH YEAR THE FOLLOWING PROGRAMS COVER SOME PORTION OF TUITION FEES OF THE STUDENTS AS WELL THEIR TRANSPORTATION AND ACCOMMODATION COSTS IN THE US. IN THAT RESPECT, (I) "PROMISING TURKS FUND" SUPPORTS EMERGING TURKISH LEADERS, (II) THE "ARIF MARDIN FELLOWSHIP AT BERKLEE" DEDICATES TO NURTURING MUSICAL TALENT, (III) THE "AHMET ERTEGUN SCHOLARSHIP AT JUILLIARD SCHOOL" ASSISTS EXCEPTIONAL STUDENTS IN THEIR ARTISTIC PURSUITS, (IV) THE "SCHOOL OF VISUAL ARTS - ARTIST RESIDENCY PROGRAMS" PROVIDES ARTISTS WITH OPPORTUNITIES FOR CREATIVE DEVELOPMENT, AND (V) THE ATS FILM, TV AND MEDIA FUND SUPPORTS OUTSTANDING STUDENTS PURSUING MEDIA STUDIES.

    Expenses $365,770 · Grants $231,650

As filed on the 2024 return.

Listed in Part VII

  • Orcun Dogancali

    EXECUTIVE DI

    Total calculated
    $129,764
    From this org
    $108,500
    From related orgs
    $0
    Other
    $21,264
    Hours/week
    40
  • Suzan Sabanci Dincer

    CO CHAIR

    Total calculated
    $0
    Hours/week
    15
  • Linda Wachner

    CO CHAIR

    Total calculated
    $0
    Hours/week
    15
  • Banu Basar

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    10
  • Kerem Kamisli

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    10
  • Metin Negrin

    TREASURER

    Total calculated
    $0
    Hours/week
    10
  • Pelin Akin Ozalp

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Nevzat Aydin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Andrew Cohen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Arzuhan Dogan-Yalcindag

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Selin Gulcelik

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Ahmet Okumus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Ertem Osmanoglu

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Murat Ozyegin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Dr Tamer Seckin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Can Kendi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Cem Topcuoglu

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Hamdi Ulukaya

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Zeynep Yenel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Cenk Ulu

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Eren Bali

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Barbaros Karaahmet

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Saad Toma

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Yesim Philip

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.0
Source object
202513159349302351

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