Form 990 for tax year 2022
Filed by THE AMERICAN AUSTRIAN FOUNDATION.
What the amendment changed
Compared with the return it replaced , filed 6 November 2023. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
Both are the same on the two returns, so the amendment changed something else.
Totals
- Total revenue
- $2,850,910
- Total expenses
- $2,193,993
- Contributions and grants received
- $2,621,699
- Grants paid
- $910,000
- Program service revenue
- $0
- Investment income
- $177,961
- Other revenue
- $51,250
- Total assets, end of year
- $9,580,483
- Total liabilities, end of year
- $912,599
- Net assets or fund balances, end of year
- $8,667,884
- Program services expenses (Part IX)
- $1,916,140
- Management and general expenses
- $277,853
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,916,140
Program services were 87.3% 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.
-
1c · Fundraising events
$459,050
-
1f · All other contributions, gifts and grants
$2,162,649
-
3 · Investment income
total $193,187 · excluded $193,187
-
7a · Gross sales of assets other than inventory
securities $136,000
-
7b · Less cost or other basis and sales expenses
securities $151,226
-
7c · Gain or loss
securities -$15,226
-
7d · Net gain or loss
total -$15,226 · excluded -$15,226
-
8a · Fundraising events: gross income
$168,477
-
8a · Fundraising events: contributions included on line 1c
$459,050
-
8b · Fundraising events: direct expenses
$117,227
-
8c · Net income from fundraising events
total $51,250 · excluded $51,250
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $910,000 · program services $910,000
-
5 · Compensation of officers, directors and key employees
total $200,000 · program services $200,000
-
7 · Other salaries and wages
total $170,951 · management and general $170,951
-
9 · Other employee benefits
total $3,372 · management and general $3,372
-
10 · Payroll taxes
total $15,518 · management and general $15,518
-
11c · Fees: accounting
total $27,745 · management and general $27,745
-
13 · Office expenses
total $2,203 · management and general $2,203
-
17 · Travel
total $806,140 · program services $806,140
-
19 · Conferences, conventions and meetings
total $46,099 · management and general $46,099
-
22 · Depreciation, depletion and amortization
total $310 · management and general $310
-
23 · Insurance
total $2,451 · management and general $2,451
-
24a · Other expenses: BANK CHARGES & FEES
total $5,000 · management and general $5,000
-
24b · Other expenses: SUPPLIES
total $2,965 · management and general $2,965
-
24c · Other expenses: TELEPHONE
total $1,239 · management and general $1,239
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,621,379 · end of year $731,763
-
2 · Savings and temporary cash investments
beginning of year $671,984 · end of year $1,019,778
-
3 · Pledges and grants receivable
beginning of year $1,075,450 · end of year $1,359,500
-
9 · Prepaid expenses and deferred charges
beginning of year $5,788 · end of year $2,102
-
10a · Land, buildings and equipment: cost or other basis
$1,550
-
10b · Land, buildings and equipment: accumulated depreciation
$1,008
-
10c · Land, buildings and equipment, net
beginning of year $852 · end of year $542
-
11 · Investments: publicly traded securities
beginning of year $5,240,608 · end of year $5,966,798
-
15 · Other assets
beginning of year $500,000 · end of year $500,000
-
17 · Accounts payable and accrued expenses
beginning of year $456,277 · end of year $650,599
-
18 · Grants payable
beginning of year $835,000 · end of year $262,000
-
27 · Net assets without donor restrictions
beginning of year $1,298,469 · end of year $723,339
-
28 · Net assets with donor restrictions
beginning of year $7,526,315 · end of year $7,944,545
Mission and programs · 2022
Mission
PROVIDE QUALIFIED INDIVIDUALS WITH FELLOWSHIPS TO PURSUE POSTGRADUATE EDUCATION IN MEDICINE, MEDIA AND THE ARTS.
-
SALZBURG MEDICAL SEMINARS - MEDICAL EDUCATION SEMINARS TO EDUCATE AUSTRIAN, EASTERN EUROPEAN, AFRICAN, MEXICAN AND AMERICAN PHYSICIANS.
Expenses $1,699,999 · Grants $910,000
-
YOUNG CURATORS EXCHANGE - DIRECTORS FROM LEADING US AND AUSTRIAN MUSEUMS SELECT A YOUNG CURATOR FROM THEIR RESPECTIVE INSTITUTION TO SPEND UP TO A MONTH IN AUSTRIA AND THE U.S., RESPECTIVELY.
Expenses $194,807
-
AAF/FABER FELLOWSHIP FOR YOUNG CONDUCTORS - FELLOWSHIP FOR U.S. CONDUCTORS TO ATTEND THE SALZBURG FESTIVAL OBSERVING THE WORLD'S LEADING CONDUCTORS AND ARTISTS AT WORK DURING REHEARSALS AND PERFORMANCES.
Expenses $6,407
-
MEDICAL INTERNSHIP PROGRAM / OBSERVERSHIPS
Expenses $2,860
-
MAX KADE CLINICAL CLERKSHIPS
Expenses $2,160
-
MAX KADE FELLOWSHIPS
Expenses $712
-
MILTON WOLF SEMINAR FOR MEDIA & DIPLOMACY - SEMINAR FOR JOURNALISTS, STUDENTS OF DIPLOMACY AND INTERNATIONAL RELATIONS FROM THE U.S., CENTRAL AND EASTERN EUROPE AND THE FORMER SOVIET UNION TO EXAMINE THE CONNECTIONS BETWEEN DIPLOMACY AND JOURNALISM ANALYZING KEY LEGAL, POLITICAL AND ETHICAL ISSUES.
Expenses $401
-
AAF/SEEBACHER PRIZE FOR FINE ARTS - PRIZE TO PROVIDE OPPORTUNITY FOR U.S. FINE ARTS GRADUATE STUDENTS AND RECENT GRADUATES TO STUDY AT THE INTERNATIONAL SUMMER ACADEMY OF FINE ARTS SALZBURG.
Expenses $8,400
-
SCHLOSS ARENBERG CAPITAL CAMPAIGN
Expenses $318
-
SATELLITE SYMPOSIA - TWO DAY SYMPOSIA HOSTED BY INTERNATIONAL FACULTY IN THEIR COUNTRY WITH THE AIM OF REACHING A LARGER AUDIENCE OF PHYSICIANS AND HEALTH CARE WORKERS, WHILE PROVIDING OPPORTUNITY TO LEARN ABOUT LOCAL CONDITIONS.
Expenses $76
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Mr Thomas J McGrathMR THOMAS J MCGRATH
CHAIRMAN & TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mr Robert P WessleyMR ROBERT P WESSLEY
PRESIDENT & TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mr Stephen HarnikMR STEPHEN HARNIK
SECRETARY & TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mr Karl-Heinz FaberMR KARL-HEINZ FABER
TREASURER & TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dr Wolfgang K AulitzkyDR WOLFGANG K AULITZKY
MEDICAL DIRECTOR & TRUSTEE
- Total calculated
- $200,000
- From this org
- $200,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $200,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $200,000
-
Ms Madeline BellMS MADELINE BELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dr Mathias BostromDR MATHIAS BOSTROM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mrs Margaret CrottyMRS MARGARET CROTTY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Amb William C Eacho IIIAMB WILLIAM C EACHO III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dr Thomas J Fahey JrDR THOMAS J FAHEY JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dr Antonio D Gotto JrDR ANTONIO D GOTTO JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dr Hugh HemmingsDR HUGH HEMMINGS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mr Michael KochMR MICHAEL KOCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mr Pablo LegorretaMR PABLO LEGORRETA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mr Gregor MedingerMR GREGOR MEDINGER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dr Zev RosenwaksDR ZEV ROSENWAKS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dr Peter N SchlegelDR PETER N SCHLEGEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mrs Cynthia SculcoMRS CYNTHIA SCULCO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mr Gerhard SeebacherMR GERHARD SEEBACHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mrs Daisy M SorosMRS DAISY M SOROS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dr Michael G StewartDR MICHAEL G STEWART
MEDICAL CO-DIRECTOR & TRUS
- Total calculated
- $0
- Hours/week
- 2
-
Mrs Barbara ToberMRS BARBARA TOBER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dr Nancy G WolfDR NANCY G WOLF
MEDICAL CO-DIRECTOR & TRUS
- Total calculated
- $0
- Hours/week
- 2
-
Mr Stephen LudwigMR STEPHEN LUDWIG
MEDICAL CO-DIRECTOR & TRUS
- Total calculated
- $0
- Hours/week
- 2
-
Mr Alexander Von PerfallMR ALEXANDER VON PERFALL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mrs Katharine Eltz - AulitzkyMRS KATHARINE ELTZ - AULITZKY
EXECUTIVE DIRECTOR
- Total calculated
- $127,960
- From this org
- $127,960
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $127,960
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $127,960
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$10,000
YOUNG CURATORS EXCHANGE
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 27 June 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431799349300823
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