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Nonprofiteer
← AMERICAN TURKISH SOCIETY INC

Form 990 for tax year 2023

Filed by AMERICAN TURKISH SOCIETY INC.

Totals

Total revenue
$820,801
Total expenses
$560,803
Contributions and grants received
$1,026,095
Grants paid
$137,300
Program service revenue
$0
Investment income
$28,458
Other revenue
-$233,752
Total assets, end of year
$1,578,378
Total liabilities, end of year
$34,388
Net assets or fund balances, end of year
$1,543,990
Program services expenses (Part IX)
$296,826
Management and general expenses
$91,838
Fundraising expenses
$172,139
Program service expenses (Part III)
$296,826

Program services were 52.9% 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

    $28,900

  • 1c · Fundraising events

    $657,750

  • 1f · All other contributions, gifts and grants

    $339,445

  • 3 · Investment income

    total $28,458 · excluded $28,458

  • 8a · Fundraising events: gross income

    $140,250

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

    $657,750

  • 8b · Fundraising events: direct expenses

    $374,002

  • 8c · Net income from fundraising events

    total -$233,752

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $38,400 · program services $38,400

  • 2 · Grants to domestic individuals

    total $28,650 · program services $28,650

  • 3 · Grants to foreign organizations and individuals

    total $70,250 · program services $70,250

  • 5 · Compensation of officers, directors and key employees

    total $123,029 · program services $92,272 · management and general $24,606 · fundraising $6,151

  • 7 · Other salaries and wages

    total $26,308 · program services $19,731 · management and general $5,262 · fundraising $1,315

  • 8 · Pension plan contributions

    total $223 · program services $167 · management and general $45 · fundraising $11

  • 9 · Other employee benefits

    total $9,014 · program services $6,760 · management and general $1,803 · fundraising $451

  • 10 · Payroll taxes

    total $12,033 · program services $9,025 · management and general $2,406 · fundraising $602

  • 11b · Fees: legal

    total $275 · management and general $275

  • 11c · Fees: accounting

    total $48,176 · management and general $48,176

  • 11g · Fees: other

    total $1,350 · program services $1,350

  • 13 · Office expenses

    total $10,638 · program services $7,978 · management and general $2,128 · fundraising $532

  • 16 · Occupancy

    total $7,734 · program services $5,801 · management and general $1,547 · fundraising $386

  • 17 · Travel

    total $8,229 · program services $6,172 · management and general $1,646 · fundraising $411

  • 23 · Insurance

    total $3,615 · program services $2,711 · management and general $723 · fundraising $181

  • 24a · Other expenses: INDIRECT SPECIAL EVENT EX

    total $141,010 · fundraising $141,010

  • 24b · Other expenses: CREDIT CARD AND BANK FEES

    total $20,584 · fundraising $20,584

  • 24c · Other expenses: WEB HOSTING

    total $4,030 · program services $3,022 · management and general $806 · fundraising $202

  • 24d · Other expenses: TELEPHONE AND INTERNET

    total $3,035 · program services $2,276 · management and general $607 · fundraising $152

  • 24e · All other expenses

    total $4,220 · program services $2,261 · management and general $1,808 · fundraising $151

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,285,434 · end of year $1,534,186

  • 3 · Pledges and grants receivable

    beginning of year $21,205 · end of year $43,546

  • 9 · Prepaid expenses and deferred charges

    end of year $646

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,647 · end of year $34,388

  • 27 · Net assets without donor restrictions

    beginning of year $1,283,992 · end of year $1,543,990

Mission and programs · 2023

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, AND (IV) THE "SCHOOL OF VISUAL ARTS - ARTIST RESIDENCY PROGRAMS" PROVIDES ARTISTS WITH OPPORTUNITIES FOR CREATIVE DEVELOPMENT.

    Expenses $296,826 · Grants $137,300

As filed on the 2023 return.

Listed in Part VII

  • Orcun Dogancali

    EXECUTIVE DI

    Total calculated
    $123,029
    From this org
    $105,000
    From related orgs
    $0
    Other
    $18,029
    Hours/week
    40
  • Suzan Sabanci Dincer

    CO CHAIR

    Total calculated
    $0
    Hours/week
    15
  • 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
  • Banu Basar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Umran Beba

    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
  • Tal Garih

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Selin Gulcelik

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Kerem Kamisli

    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
  • Linda Wachner

    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
  • Burak Tansan

    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
2023
Filed
4 November 2024
IRS schema version
2023v5.0
Source object
202443169349304354

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