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Nonprofiteer
← ROMANIAN-AMERICAN FOUNDATION

Form 990 for tax year 2023

Filed by ROMANIAN-AMERICAN FOUNDATION.

Totals

Total revenue
$2,318,999
Total expenses
$10,541
Contributions and grants received
$2,318,999
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,308,458
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,308,458
Program services expenses (Part IX)
$0
Management and general expenses
$10,541
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1d · Related organizations

    $2,318,999

  • 1g · Noncash contributions included above

    $2,318,999

Functional expenses

Part IX, the statement of functional expenses.

  • 22 · Depreciation, depletion and amortization

    total $10,541 · management and general $10,541

Balance sheet

Part X, book values.

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

    $2,318,999

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

    $10,541

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $2,308,458

  • 27 · Net assets without donor restrictions

    end of year $2,308,458

Mission and programs · 2023

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.

  • TO ASSIST IN BUILDING AND MAINTAINING A MARKET ECONOMY AND DEMOCRATIC SOCIETY IN ROMANIA. THE FOUNDATION CONTRIBUTES TO DEVELOPING ENTREPRENEURSHIP, IMPROVING EDUCATION, PROMOTING THE SPIRIT OF PHILANTHROPY IN ROMANIA AND FOSTERING INNOVATION.

As filed on the 2023 return.

Listed in Part VII

  • Paige Alexander

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Magdalena Manea

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Dinu-Mihail Bumbcea

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Kristina Perkin Davison

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Bogdan Vernescu

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • James J Jackson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Gary Hattem

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Cristian Nacu

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Joyce S Kline

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Adrian Ionescu

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Walter Veirs

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Krystyna Wolniakowski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Christopher Worman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Roxana Vitan

    PRESIDENT

    Total calculated
    $94,447
    From this org
    $0
    From related orgs
    $94,447
    Other
    $0
    Hours/week
    6 + 40 related
  • Bogdan Giurginca

    TREASURER & CFO

    Total calculated
    $66,114
    From this org
    $0
    From related orgs
    $66,114
    Other
    $0
    Hours/week
    10 + 40 related
  • Arthur Hickok

    CORPORATE SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Emily Grand

    ASSISTANT CORPORATE SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 5 related

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • ROMANIAN-AMERICAN FOUNDATION

    501(C)(4) · DEVELOPING ENTREPRENEURSHIP, EDUCATION, PHILANTHROPY, INNOVATION · DE

  • FUNDATIA ROMANO-AMERICANA

    ROMANIA SUB OF RAF · RO · controlled entity

    Directly controlled by ROMANIAN-AMERICAN FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
21 October 2024
IRS schema version
2023v5.1
Source object
202432959349301913

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