2025-09-11T19:27:41-05:00 2024-12-31 812950760 SAX LLP 1040 AVENUE OF THE AMERICAS-16TH FL NEW YORK NY 10018 990 2024-01-01 132989216 THE NETHERLAND-AMERICA FOUNDATION INC NETH 2128251221 505 EIGHTH AVENUE 12A05 NEW YORK NY 10018 MICHIEL VAN SCHAARDENBURG TREASURER 2128251221 2025-09-11 1 0 MIKE SCHALL P02024184 2126857000 2025-09-11 2024 2025-03-06 01:10:19Z MICHIEL VAN SCHAARDENBURG 505 EIGHTH AVENUE 12A05 NEW YORK NY 10018 10474687 0 X WWW.THENAF.ORG X 1921 NY BUILDING ON HERITAGE & VALUES SHARED BETWEEN THE PEOPLES OF THE NETHERLANDS & THE UNITED STATES. 50 50 8 170 0 0 3762772 6048463 0 0 222713 273331 53183 114073 4038668 6435867 1497942 4971725 0 0 546291 511787 0 0 506616 599680 675250 2643913 6158762 1394755 277105 9708062 10465563 217443 227485 9490619 10238078 X BUILDING ON THE ENDURING HERITAGE AND VALUES SHARED BETWEEN THE PEOPLES OF THE NETHERLANDS AND THE UNITED STATES, THE NETHERLAND-AMERICA FOUNDATION SEEKS TO FURTHER STRENGTHEN THE BONDS BETWEEN OUR TWO COUNTRIES THROUGH EXCHANGE IN THE ARTS,SCIENCES, EDUCATION, BUSINESS AND PUBLIC AFFAIRS. 0 0 5365904 4971725 FOUNDED IN 1921, THE NAF IS ACTIVE IN THE FOLLOWING AREAS:1) NAF-FULBRIGHT FELLOWSHIPS:AWARDED TO DUTCH AND AMERICAN STUDENTS PURSUING GRADUATE LEVEL STUDIES AT UNIVERSITIES IN EACH OTHER'S COUNTRIES, FUNDED BY THE WILHELMINA AND LEENDERT REUVERS EDUCATIONAL FUND, THE LOET AND EDITH VELMANS EDUCATION FUND, DM EQUITIES AND PROCEEDS FROM THE NAF BALL.2) INTERNSHIP GRANTS:AWARDED TO HIGH-ACHIEVING AND LOW-INCOME STUDENTS THROUGH BOTH THE DUTCH2USA AND USA2HOLLAND INTERNSHIP PROGRAM. AWARDED TO GRADUATES OF THE MASTER GLOBAL HEALTH PROGRAM AT MAASTRICHT UNIVERSITY, THE HEERSINK FAMILY GLOBAL HEALTH INTERNSHIP FUND HELPS GRADUATES PURSUE AN INTERNSHIP IN THE UNITED STATES. AWARDED TO HIGH-ACHIEVING DUTCH STUDENTS FOR SUMMER ACADEMIC STUDY AND INTERNSHIPS IN WASHINGTON, DC, FUNDED BY PROCEEDS FROM THE NAF AMBASSADORS' AWARDS DINNER.3) STUDENT EXCHANGE:GRANTS AWARDED TO LEIDEN LAW STUDENTS (BACHELOR'S OR MASTER'S LEVEL) WHO WISH TO STUDY IN THE US FOR A SEMESTER. FUNDED BY THE JOHANNES VAN DE POL LEGACY.4) INTEREST-FREE STUDY LOANS:AWARDED TO DUTCH STUDENTS SEEKING TO STUDY IN THE UNITED STATES AND, ON SIMILAR TERMS, TO AMERICAN STUDENTS SEEKING TO STUDY IN THE NETHERLANDS. FUNDING SOURCES INCLUDE THE MAARTEN VAN HENGEL MEMORIAL FUND, MARK PIGOTT FAMILY EDUCATION FUND, SAMUEL FREEMAN CHARITABLE TRUST AND NAF STUDY LOAN FUND.5) J1 VISA SPONSORSHIP:FOR DUTCH STUDENTS PARTICIPATING IN INTERNSHIPS OR TRAINEESHIPS IN THE UNITED STATES.6) BUSINESS EXCHANGE:SUPPORTING THE EXCHANGE OF VIEWPOINTS, EXPERTISE AND IDEAS AMONGST MEMBERS OF THE BUSINESS COMMUNITY AT NAF MEETINGS AND LECTURES.7) CULTURAL GRANTS:SUPPORTING EXCHANGE BETWEEN THE UNITED STATES AND THE NETHERLANDS, FOR ALL AREAS OF THE ARTS. BOTH EMERGING ARTISTS AS WELL AS ESTABLISHED ORGANIZATIONS ARE ELIGIBLE.8) FRIENDS FUNDS:FACILITATING FUNDRAISING IN THE UNITED STATES FOR DUTCH CULTURAL AND EDUCATIONAL INSTITUTIONS. THE NAF'S FISCAL SPONSORSHIP PROGRAM PROVIDES A SIMILAR ARRANGEMENT FOR INDIVIDUAL PROJECTS. THROUGH THIS STRUCTURE, U.S. DONORS' GIFTS MAY BE TAX-DEDUCTIBLE. 5365904 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 1 1 1 1 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 30 0 1 8 1 0 1 NL 0 0 0 1 1 0 0 0 1 0 0 0 X 50 50 1 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 NY CA VA X X CAROLIENE HERMANS 2128251221 505 EIGHTH AVENUE STE 12A05 NEW YORK NY 10018 JURJAN WOUDA KUIPERS CHAIRMAN 16.00 X X 0 0 0 MICHIEL VAN SCHAARDENBURG TREASURER 8.00 X X 0 0 0 MARY ANDRINGA VERMEER DIRECTOR 4.00 X 0 0 0 RUULKE BAGIJN DIRECTOR 4.00 X 0 0 0 PAUL BEIBOER DIRECTOR 4.00 X 0 0 0 ANDY BENDER DIRECTOR 4.00 X 0 0 0 ENNIUS BERGSMA DIRECTOR 4.00 X 0 0 0 MERIJN BOENDER DIRECTOR 4.00 X 0 0 0 TIMOTHY BROAS DIRECTOR 4.00 X 0 0 0 MAUREN BUNYAN DIRECTOR 4.00 X 0 0 0 JAN LOUIS BURGGRAAF DIRECTOR 4.00 X 0 0 0 MANON COX DIRECTOR 4.00 X 0 0 0 TON GARDENIERS DIRECTOR 4.00 X 0 0 0 MILA DOVICH HEERSINK DIRECTOR 4.00 X 0 0 0 CARINE DE MEYERE DIRECTOR 4.00 X 0 0 0 JAMES H DYKSTRA DIRECTOR 4.00 X 0 0 0 KURT DYKSTRA DIRECTOR 4.00 X 0 0 0 MICHAEL ENTHOVEN DIRECTOR 4.00 X 0 0 0 HENK GUITJENS DIRECTOR 4.00 X 0 0 0 OTTHO HELDRING DIRECTOR 4.00 X 0 0 0 JUDITH HERNSTADT DIRECTOR 4.00 X 0 0 0 WLADIMIR HOGENHUIS DIRECTOR 4.00 X 0 0 0 ROEL HUININK DIRECTOR 4.00 X 0 0 0 ANNELIES JANSEN DIRECTOR 4.00 X 0 0 0 JAN JOOSTEN DIRECTOR 4.00 X 0 0 0 PAUL KLAASSEN DIRECTOR 4.00 X 0 0 0 ALBERT LAVERGE DIRECTOR 4.00 X 0 0 0 CATHARINA LURKEN DIRECTOR 4.00 X 0 0 0 AARON MOREHOUSE DIRECTOR 4.00 X 0 0 0 BAS NIEUWEWEME DIRECTOR 4.00 X 0 0 0 ROBERT OTTENHOF DIRECTOR 4.00 X 0 0 0 BART-JAN POLMAN DIRECTOR 4.00 X 0 0 0 THEODORE PRUDON DIRECTOR 4.00 X 0 0 0 JACK ROEPERS DIRECTOR 4.00 X 0 0 0 BHARAT TEWARIE DIRECTOR 4.00 X 0 0 0 MAGGIE TIMONEY DIRECTOR 4.00 X 0 0 0 PIETER VAN DEN BERG DIRECTOR 4.00 X 0 0 0 RALF VAN DER VEN DIRECTOR 4.00 X 0 0 0 IWAN VAN DER VINNE DIRECTOR 4.00 X 0 0 0 JAN WILLEM VAN DRIMMELEN DIRECTOR 4.00 X 0 0 0 MARC VAN GELDER DIRECTOR 4.00 X 0 0 0 MAARTEN VAN HENGEL DIRECTOR 4.00 X 0 0 0 ELIZABETH VAN SCHILFGAARDE DIRECTOR 4.00 X 0 0 0 SANDER VAN 'T NOORDENDE DIRECTOR 4.00 X 0 0 0 ELEANNE VAN VLIET DIRECTOR 4.00 X 0 0 0 HUGO VERDEGAAL DIRECTOR 4.00 X 0 0 0 STAN VEUGER DIRECTOR 4.00 X 0 0 0 MICHIEL VISSER DIRECTOR 4.00 X 0 0 0 WILLEM BOEZEN DIRECTOR (BEGAN 11/24) 4.00 X 0 0 0 TODD VAN STOLK-RILEY DIRECTOR (BEGAN 11/24) 4.00 X 0 0 0 WILLEMIJN KEIZER EXE. DIRECTOR THRU 4/24 50.00 X 82098 0 10143 CAROLIENE HERMANS EXECUTIVE DIRECTOR 50.00 X 66667 0 800 148765 0 10943 0 0 0 0 YOUR PART TIME CONTROLLER 1600 MARKET STREET PHILADELPHIA PA 19103 ACCOUNTING SERVICES 137843 1 799434 5249029 220677 6048463 187259 187259 3527057 3440985 86072 86072 86072 597835 799434 597835 0 OTHER 900099 114073 114073 114073 6435867 0 0 387404 112060 112060 58375 58375 4801290 4801290 151428 91762 30285 29381 275703 93060 10178 172465 11178 4837 1059 5282 41655 18024 3946 19685 31823 13770 3015 15038 172549 172549 37805 37805 87925 34450 15852 37623 12310 10778 256 1276 14684 6354 1391 6939 3519 1523 333 1663 48030 20783 4550 22697 8072 3493 765 3814 8212 3553 778 3881 CHAPTER EXPENSE 148811 36094 112717 SPECIAL EVENT EXPENSE 56796 56796 OTHER EXPENSES 41246 40427 137 682 OFFICE EQUIPMENT 24580 10637 2328 11615 10711 4634 1015 5062 6158762 5365904 286242 506616 1062440 1302573 1326904 1211118 649875 626117 423471 435639 27731 18045 9775 9775 0 0 6128525 6823880 89116 48191 9708062 10465563 51676 61365 67498 108969 19000 19000 79269 38151 217443 227485 X 6293557 7126458 3197062 3111620 9490619 10238078 9708062 10465563 X 277105 480267 -9913 X 0 1 X 1 0 X 1144234 2582455 1857319 3762772 6048463 15395243 1144234 2582455 1857319 3762772 6048463 15395243 2127105 13268138 121418 181631 236648 180872 187259 907828 95003 53183 114073 262259 16565330 0.80100 0.75520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 3197062 992027 113143 1190612 3111620 2149702 1568578 105622 626840 3197062 2663838 380101 -212142 682095 2149702 3197777 387156 178058 1099153 2663838 3459905 275937 94058 632123 3197777 1.00000 0 0 9775 9775 0 0 OPERATING LEASE LIABILITIES 38151 38151 X 6996496 480267 128080 -9913 598434 6398062 37805 37805 6435867 6249037 128080 128080 6120957 37805 37805 6158762 PART IV, LINE 2B: THE NAF HAS ESTABLISHED A LEGAL STRUCTURE TO FACILITATE COST-EFFECTIVE AND TAX-EFFICIENT COOPERATION IN FUNDRAISING WITH DUTCH INSTITUTIONS. THE FRIENDS FUND PROGRAM GIVES U.S. DONORS THE ADVANTAGE OF A U.S. INCOME AND GIFT TAX DEDUCTION FOR THEIR GIFTS. ESTABLISHING AN AMERICAN FRIENDS FUND WITH THE NAF ELIMINATES THE NEED FOR CREATING AND ADMINISTERING YOUR OWN CHARITABLE ORGANIZATION IN THE U.S., WHILE ALSO SAVING EXPENSES ASSOCIATED WITH ACCOUNTING, AUDITING, LEGAL COUNSELING OR FILING ANNUAL TAX RETURNS. PART V, LINE 4: THE FOUNDATION MAINTAINS VARIOUS DONOR-RESTRICTED AND BOARD-DESIGNATED FUNDS WHOSE PURPOSE IS TO PROVIDE LONG TERM SUPPORT FOR ITS CHARITABLE PROGRAMS. IN CLASSIFYING SUCH FUNDS FOR FINANCIAL STATEMENT PURPOSES AS EITHER PERMANENTLY RESTRICTED, TEMPORARILY RESTRICTED, OR UNRESTRICTED NET ASSETS, THE EXECUTIVE COMMITTEE AND BOARD LOOK TO EXPLICIT DIRECTIONS OF THE DONOR WHERE APPLICABLE AND THE PROVISIONS OF THE LAWS OF NEW YORK STATE. THE SPENDING POLICY OF THE REUVERS TEMPORARILY RESTRICTED INVESTMENTS REQUIRES A WITHDRAWAL OF 8% BASED UPON THE ANNUAL AVERAGE OF THE FAIR VALUE OF INVESTMENTS FOR THE PRIOR TWELVE QUARTERS. THE SPENDING ON THE BOARD DESIGNATED INVESTMENTS IS DISCRETIONARY. PART X, LINE 2: THE FOUNDATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL, UNCERTAIN TAX POSITIONS. TAX FILINGS FOR PERIODS ENDING DECEMBER 31, 2021 AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FOREIGN EXCHANGE LOSS -10,658. BAD DEBT ALLOWANCE 745. 1 EUROPE PROGRAM SERVICES CULTURAL GRANTS & SCHOLARSHIPS 4801290 0 0 0 0 0 0 4801290 0 4801290 EUROPE CULTURAL GRANTS 4383177 0 GLOBAL HEALTH FELLOWSHIPS EUROPE 1 41367 LIFE SCIENCES INTERNSHIP EUROPE 2 17000 DEKKER/PADGET INTERNSHIPS EUROPE 46 348146 CULTURE GRANTS EUROPE 4 11600 0 0 0 0 0 0 PART I, LINE 2: NAF MONITORS GRANTS THROUGH REQUESTING REPORTS (I.E. GRANT REPORTS AND ANNUAL REPORTS) PAYMENT IS CONDITIONAL ON RECEIVING THESE REPORTS. NAF USES A GRANTS SYSTEM FOR COLLECTING THESE REPORTS. NAF BALL 841542 537077 304465 304465 AMBASSADOR AWARD DINNER 206790 140877 65913 65913 348937 121480 227457 227457 1397269 799434 597835 597835 597835 0 1 BATTERY DANCE 380 BROADWAY NEW YORK NY 10013 237418859 501(C)(3) 7500 0 CULTURE GRANT HISTORIC HOUSE TRUST OF NEW YORK CITY INC 117-02 ROOSEVELT AVE FLUSHING NY 11368 133590825 501(C)(3) 7500 0 CULTURE GRANT THE FUND FOR AMERICAN STUDIES 1706 NEW HAMPSHIRE AVENUE NW WASHINGTON DC 20009 136223604 501(C)(3) 57900 0 CULTURE GRANT 3 CULTURE PROGRAM GRANTS 5 12275 DEKKER/PADGET INTERNSHIPS 9 46100 PART I, LINE 2: NAF MONITORS GRANTS THROUGH REQUESTING REPORTS (I.E. GRANT REPORTS AND ANNUAL REPORTS) PAYMENT IS CONDITIONAL ON RECEIVING THESE REPORTS. NAF USES A GRANTS SYSTEM FOR COLLECTING THESE REPORTS. X 15 220677 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 JAMES AND KURT DYKSTRA ARE COUSINS. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ELECT THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS ELECT THE EXECUTIVE COMMITTEE, AND CAN VOTE IF THERE IS A PROPOSAL TO AMEND OUR BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS ELECT THE EXECUTIVE COMMITTEE, AND CAN VOTE IF THERE IS A PROPOSAL TO AMEND OUR BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B FEDERAL FORM 990 IS PREPARED THROUGH A JOINT EFFORT OF MANAGEMENT AND THE TAX PROFESSIONALS. THE RETURN IS PRESENTED TO THE AUDIT COMMITTEE AND THE EXECUTIVE COMMITTEE FOR THEIR REVIEW AND APPROVAL. QUESTIONS/COMMENTS ARE ADDRESSED TO BOTH MANAGEMENT AND THE TAX PROFESSIONALS AND CLARIFIED/RESOLVED. A FINAL COPY IS PROVIDED TO THE BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A "BOARD APPROVED" CONFLICTS OF INTEREST POLICY. EACH BOARD MEMBER MUST FILL OUT AN ANNUAL DECLARATION STATING THEY HAD NO CONFLICTS OR IDENTIFYING THE NATURE OF THEIR INTERESTED PARTY TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15A EACH YEAR, THE EXECUTIVE COMMITTEE REVIEWS COMPARABLE SALARIES BASED ON A RECOGNIZED STUDY AND REVIEWS THE PERFORMANCE OF THE EXECUTIVE DIRECTOR TO DETERMINE IF THE EXISTING SALARY FALLS WITHIN THESE RANGES. AFTER DELIBERATION OF THIS MATTER, A PROPOSED SALARY AND BENEFIT PACKAGE IS VOTED ON. THE MINUTES OF THE BOARD OF DIRECTORS REFLECT THE NATURE OF THIS PROCESS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ON WEBSITE AND ON THE WEBSITES OF CHARITY NAVIGATOR AND GUIDESTAR. FORM 990, PART XI, LINE 9: FOREIGN EXCHANGE LOSS -10,658. BAD DEBT ALLOWANCE 745.