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← BALTIC-AMERICAN FREEDOM FOUNDATION

Form 990 for tax year 2024

Filed by BALTIC-AMERICAN FREEDOM FOUNDATION.

Totals

Total revenue
$1,519,739
Total expenses
$3,909,356
Contributions and grants received
$0
Grants paid
$2,258,995
Program service revenue
$0
Investment income
$1,519,739
Other revenue
$0
Total assets, end of year
$20,316,869
Total liabilities, end of year
$665,622
Net assets or fund balances, end of year
$19,651,247
Program services expenses (Part IX)
$3,410,658
Management and general expenses
$498,698
Fundraising expenses
$0
Program service expenses (Part III)
$3,410,658

Program services were 87.2% 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.

  • 3 · Investment income

    total $492,095 · excluded $492,095

  • 7a · Gross sales of assets other than inventory

    securities $2,389,046

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

    securities $1,361,402

  • 7c · Gain or loss

    securities $1,027,644

  • 7d · Net gain or loss

    total $1,027,644 · excluded $1,027,644

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $33,333 · program services $33,333

  • 3 · Grants to foreign organizations and individuals

    total $2,225,662 · program services $2,225,662

  • 5 · Compensation of officers, directors and key employees

    total $90,000 · management and general $90,000

  • 11a · Fees: management

    total $1,151,663 · program services $1,151,663

  • 11b · Fees: legal

    total $65,582 · management and general $65,582

  • 11c · Fees: accounting

    total $44,695 · management and general $44,695

  • 11f · Fees: investment management

    total $107,489 · management and general $107,489

  • 13 · Office expenses

    total $5,731 · management and general $5,731

  • 17 · Travel

    total $172,585 · management and general $172,585

  • 23 · Insurance

    total $12,616 · management and general $12,616

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,910,631 · end of year $2,952,493

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,245 · end of year $7,632

  • 11 · Investments: publicly traded securities

    beginning of year $14,544,470 · end of year $14,459,228

  • 12 · Investments: other securities

    beginning of year $3,416,524 · end of year $2,897,516

  • 17 · Accounts payable and accrued expenses

    beginning of year $991,003 · end of year $665,622

  • 27 · Net assets without donor restrictions

    beginning of year $21,897,867 · end of year $19,651,247

Mission and programs · 2024

Mission

TO ENRICH THE TIES BETWEEN THE UNITED STATES AND LATVIA, LITHUANIA, AND ESTONIA, THROUGH PROGRAMS OF EDUCATION AND EXCHANGE CENTERING ON ECONOMIC GROWTH AND DEMOCRATIC PROCESSES. VISIBLY STRENGTHENING U.S.-BALTIC TIES IS A CORE GOAL.

Activities or mission (Part I)

TO ENRICH THE TIES BETWEEN THE UNITED STATES AND LATVIA, LITHUANIA, AND (CONTINUED ON SCHEDULE O) ESTONIA, THROUGH PROGRAMS OF EDUCATION AND EXCHANGE CENTERING ON ECONOMIC GROWTH AND DEMOCRATIC PROCESSES. VISIBLY STRENGTHENING U.S.-BALTIC TIES IS A CORE GOAL.

  • ENRICHED THE TIES BETWEEN THE UNITED STATES AND LATVIA, LITHUANIA, AND ESTONIA, THROUGH PROGRAMS OF EDUCATION AND EXCHANGE CENTERING ON ECONOMIC GROWTH AND DEMOCRATIC PROCESSES. VISIBLY STRENGTHENING U.S.-BALTIC TIES IS A CORE GOAL.

    Expenses $3,410,658 · Grants $2,258,995

As filed on the 2024 return.

Listed in Part VII

  • Danguole Altman

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Richard C Sheridan

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Kim G Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joanne Medero

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Michael C Polt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Randal Quarles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Peter A Ragauss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Asta Sendonaris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Rodney E Slater

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark Sullivan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Andres Trink

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Alan A Griffin

    CHIEF ADMINISTRATIVE OFFICER

    Total calculated
    $90,000
    From this org
    $90,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

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
6 March 2026
IRS schema version
2024v5.5
Source object
202610719349300611

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