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Nonprofiteer
← THE AMERICAN AUSTRIAN FOUNDATION

Form 990 for tax year 2023

Filed by THE AMERICAN AUSTRIAN FOUNDATION.

Totals

Total revenue
$4,208,213
Total expenses
$3,717,541
Contributions and grants received
$3,896,861
Grants paid
$750,000
Program service revenue
$0
Investment income
$307,562
Other revenue
$3,790
Total assets, end of year
$10,566,792
Total liabilities, end of year
$1,218,053
Net assets or fund balances, end of year
$9,348,739
Program services expenses (Part IX)
$3,382,993
Management and general expenses
$334,548
Fundraising expenses
$0
Program service expenses (Part III)
$3,382,993

Program services were 91.0% 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

    $600,839

  • 1f · All other contributions, gifts and grants

    $3,296,022

  • 3 · Investment income

    total $307,562 · excluded $307,562

  • 8a · Fundraising events: gross income

    $205,095

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

    $600,839

  • 8b · Fundraising events: direct expenses

    $201,305

  • 8c · Net income from fundraising events

    total $3,790 · excluded $3,790

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $750,000 · program services $750,000

  • 5 · Compensation of officers, directors and key employees

    total $400,000 · program services $400,000

  • 7 · Other salaries and wages

    total $210,271 · management and general $210,271

  • 9 · Other employee benefits

    total $6,707 · management and general $6,707

  • 10 · Payroll taxes

    total $16,601 · management and general $16,601

  • 11c · Fees: accounting

    total $28,970 · management and general $28,970

  • 11g · Fees: other

    total $1,300 · management and general $1,300

  • 13 · Office expenses

    total $5,260 · management and general $5,260

  • 16 · Occupancy

    total $9,018 · management and general $9,018

  • 17 · Travel

    total $1,182,993 · program services $1,182,993

  • 19 · Conferences, conventions and meetings

    total $46,092 · management and general $46,092

  • 22 · Depreciation, depletion and amortization

    total $310 · management and general $310

  • 23 · Insurance

    total $2,625 · management and general $2,625

  • 24a · Other expenses: WRITE OFF OF UNCOLLECTA

    total $1,050,000 · program services $1,050,000

  • 24b · Other expenses: SUPPLIES

    total $3,372 · management and general $3,372

  • 24c · Other expenses: BANK CHARGES & FEES

    total $2,722 · management and general $2,722

  • 24d · Other expenses: TELEPHONE

    total $1,300 · management and general $1,300

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $731,763 · end of year $694,366

  • 2 · Savings and temporary cash investments

    beginning of year $1,019,778 · end of year $1,858,526

  • 3 · Pledges and grants receivable

    beginning of year $1,359,500 · end of year $1,887,834

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,102 · end of year $992

  • 10a · Land, buildings and equipment: cost or other basis

    $1,550

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,318

  • 10c · Land, buildings and equipment, net

    beginning of year $542 · end of year $232

  • 11 · Investments: publicly traded securities

    beginning of year $5,966,798 · end of year $5,624,842

  • 15 · Other assets

    beginning of year $500,000 · end of year $500,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $650,599 · end of year $936,053

  • 18 · Grants payable

    beginning of year $262,000 · end of year $282,000

  • 27 · Net assets without donor restrictions

    beginning of year $723,339 · end of year $1,548,273

  • 28 · Net assets with donor restrictions

    beginning of year $7,944,545 · end of year $7,800,466

Mission and programs · 2023

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 $3,030,207 · Grants $750,000

  • 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 $75,000

  • 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 $3,690

  • MEDICAL INTERNSHIP PROGRAM / OBSERVERSHIPS

    Expenses $668

  • MAX KADE CLINICAL CLERKSHIPS

    Expenses $6,813

  • MAX KADE FELLOWSHIPS

    Expenses $1,575

  • 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 $805

  • 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 $8,441

  • SCHLOSS ARENBERG CAPITAL CAMPAIGN

    Expenses $200,000

  • 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 $14,048

  • ARENBERG CHILDREN'S MUSIC CAMP

    Expenses $30,635

  • HUMES PROFESSORSHIPS

    Expenses $11,111

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mr Thomas J McGrath

    CHAIRMAN & TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Mr Robert P Wessley

    PRESIDENT & TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Mr Stephen Harnik

    SECRETARY & TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Mr Karl-Heinz Faber

    TREASURER & TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Dr Wolfgang K Aulitzky

    MEDICAL DIRECTOR & TRUSTEE

    Total calculated
    $400,000
    From this org
    $400,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $400,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $400,000
  • Ms Madeline Bell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Dr Mathias Bostrom

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Mrs Margaret Crotty

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Amb William C Eacho III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Dr Thomas J Fahey Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Dr Antonio D Gotto Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Dr Hugh Hemmings

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Mr Michael Koch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Mr Pablo Legorreta

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Mr Gregor Medinger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Dr Zev Rosenwaks

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Dr Peter N Schlegel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Mrs Cynthia Sculco

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Mr Gerhard Seebacher

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Mrs Daisy M Soros

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Dr Michael G Stewart

    MEDICAL CO-DIRECTOR & TRUS

    Total calculated
    $0
    Hours/week
    2
  • Mrs Barbara Tober

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Dr Nancy G Wolf

    MEDICAL CO-DIRECTOR & TRUS

    Total calculated
    $0
    Hours/week
    2
  • Mr James M Callahan

    MEDICAL CO-DIRECTOR & TRUS

    Total calculated
    $0
    Hours/week
    2
  • Mr Alexander Von Perfall

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Mrs Katharine Eltz - Aulitzky

    EXECUTIVE DIRECTOR

    Total calculated
    $129,400
    From this org
    $129,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $129,400
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $129,400

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

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202433209349305573

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