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AMERICA-ISRAEL CULTURAL FOUNDATION INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
AMERICA-ISRAEL CULTURAL FOUNDATION INC (EIN 13-1664048)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-09-16
IRS object ID
201302599349300640
Schema version
2012v2.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2013-09-16T11:12:51-07:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1Scheer & Associates CPAs LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1180 S Broadway Ste 100AddressLine1
CityWhite PlainsCity
StateNYState
ZIP Code10605ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN131664048EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1AMERICA-ISRAEL CULTURAL FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlAMERNameControl
Phone2125571600Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line11140 BROADWAYAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10001ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameWILLIAM SCHWARTZName
TitlePresidentTitle
Date Signed2013-09-12DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NamePAUL R SCHEERName
PTINP00245171PTIN
Phone9144379400Phone
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonWILLIAM SCHWARTZNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line11140 BROADWAY SUITE 304AddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10001ZIPCode
FieldValueIRS element (for citing)
Gross Receipts3366384GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
All Affiliates IncludedfalseAllAffiliatesIncluded
Organization501c3XOrganization501c3
Web SiteN/AWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1939YearFormation
State Legal DomicileNYStateLegalDomicile
Activity Or Mission DescriptionThe mission of the America-Israel Cultural Foundation (AICF) is to support and develop artistic life in Israel by awarding scholarships and grants.ActivityOrMissionDescription
Nbr Voting Members Governing Body28NbrVotingMembersGoverningBody
Nbr Independent Voting Members26NbrIndependentVotingMembers
Total Nbr Employees4TotalNbrEmployees
Total Gross UBI0TotalGrossUBI
Contributions Grants Prior Year1495411ContributionsGrantsPriorYear
Contributions Grants Current Year3005252ContributionsGrantsCurrentYear
Program Service Revenue Prior Year25339ProgramServiceRevenuePriorYear
Program Service Revenue CY26333ProgramServiceRevenueCY
Investment Income Prior Year6778InvestmentIncomePriorYear
Investment Income Current Year27147InvestmentIncomeCurrentYear
Other Revenue Prior Year-129730OtherRevenuePriorYear
Other Revenue Current Year5322OtherRevenueCurrentYear
Total Revenue Prior Year1397798TotalRevenuePriorYear
Total Revenue Current Year3064054TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year858232GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY1010425GrantsAndSimilarAmntsCY
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year320433SalariesEtcPriorYear
Salaries Etc Current Year328465SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year154648TotalFundrsngExpCurrentYear
Other Expense Prior Year994629OtherExpensePriorYear
Other Expenses Current Year1188567OtherExpensesCurrentYear
Total Expenses Prior Year2173294TotalExpensesPriorYear
Total Expenses Current Year2527457TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-775496RevenuesLessExpensesPriorYear
Revenues Less Expenses CY536597RevenuesLessExpensesCY
Total Assets BOY5920788TotalAssetsBOY
Total Assets EOY6489741TotalAssetsEOY
Total Liabilities BOY383960TotalLiabilitiesBOY
Total Liabilities EOY305661TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY5536828NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY6184080NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionThe mission of the America-Israel Cultural Foundation (AICF) is to support and develop artistic life in Israel by awarding scholarships and grants.MissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
Expense969166Expense
Grants620467Grants
Revenue26332Revenue
DescriptionScholarships Programs- A wide ranged program granting scholarships in all categories of the arts, mainly for study in Israel and a few for study abroad, including the US.Description

Activity2 Activity2

FieldValueIRS element (for citing)
Expense781203Expense
Grants720147Grants
DescriptionCultural Enrichment Grants and Special Projects-Professional development, mentorship and guidance of various cultural institutions and individual artists who best represent Israeli culture internationallyDescription

Activity3 Activity3

FieldValueIRS element (for citing)
Expense241141Expense
DescriptionOther grants and special projects-Promotion of Israeli culture internationally and support of the early careers of young artist.Description
FieldValueIRS element (for citing)
Total Of Other Program Service Exp107332TotalOfOtherProgramServiceExp
Total Of Other Program Service Grnt99192TotalOfOtherProgramServiceGrnt
Total Program Service Expense2098842TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredtrueScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiesfalseLobbyingActivities
Subject To Proxy TaxfalseSubjectToProxyTax
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentstrueTermOrPermanentEndowments
Report Land Bldg EquiptrueReportLandBldgEquip
Report Invest Oth SecuritiesfalseReportInvestOthSecurities
Report Prog Rel InvestfalseReportProgRelInvest
Report Other AssetstrueReportOtherAssets
Report Other LiabilitiestrueReportOtherLiabilities
Report Fin48 FootnotetrueReportFin48Footnote
Independent Audit Financial StmtfalseIndependentAuditFinancialStmt
Consolidated Audit Financial StmttrueConsolidatedAuditFinancialStmt
SchoolfalseSchool
Foreign OfficetrueForeignOffice
Foreign ActivitiestrueForeignActivities
More Than5000 K To OrganizationstrueMoreThan5000KToOrganizations
More Than5000 K To IndividualstrueMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiestrueFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationsfalseGrantsToOrganizations
Grants To IndividualstrueGrantsToIndividuals
Schedule J RequiredfalseScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Invest Tax Exempt BondsfalseInvestTaxExemptBonds
Escrow AccountfalseEscrowAccount
On Behalf Of IssuerfalseOnBehalfOfIssuer
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshptrueOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionstrueDeductibleNonCashContributions
Deductible Contributions Of ArttrueDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntityfalseDisregardedEntity
Related EntitytrueRelatedEntity
Related Org Controlled EntityfalseRelatedOrgControlledEntity
Transaction Related EntityfalseTransactionRelatedEntity
Transfers To Exempt Non Chrtbl OrgfalseTransfersToExemptNonChrtblOrg
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With109628NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup WitholdingtrueComplianceWithBackupWitholding
Number Of Employees4NumberOfEmployees
Employment Tax Returns FiledtrueEmploymentTaxReturnsFiled
Unrelated Business IncomefalseUnrelatedBusinessIncome
Form990-T FiledfalseForm990-TFiled
Foreign Financial AccounttrueForeignFinancialAccount
Name Of Foreign CountryISNameOfForeignCountry
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionsfalseNonDeductibleContributions
Quid Pro Quo ContributionstrueQuidProQuoContributions
Quid Pro Quo DisclosuretrueQuidProQuoDisclosure
Form8282 Property Disposed OffalseForm8282PropertyDisposedOf
Number Of8282 Filed0NumberOf8282Filed
Funds To Pay PremiumsfalseFundsToPayPremiums
Premiums PaidfalsePremiumsPaid
Form8899 FiledfalseForm8899Filed
Form1098 C FiledfalseForm1098CFiled
Excess Business HoldingsfalseExcessBusinessHoldings
Taxable DistributionsfalseTaxableDistributions
Distribution To DonorfalseDistributionToDonor
Filed Lieu1041falseFiledLieu1041
Licensed More Than One StatefalseLicensedMoreThanOneState
Indoor Tanning ServicesfalseIndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members28NbrVotingGoverningBodyMembers
Number Independent Voting Members26NumberIndependentVotingMembers
Family Or Business RelationshipfalseFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholdersfalseMembersOrStockholders
Election Of Board MembersfalseElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChapterstrueLocalChapters
Policies Reference ChapterstruePoliciesReferenceChapters
Form990 Provided To Governing BodytrueForm990ProvidedToGoverningBody
Conflict Of Interest PolicytrueConflictOfInterestPolicy
Annual Disclosure Covered PersonstrueAnnualDisclosureCoveredPersons
Regular Monitoring EnforcementtrueRegularMonitoringEnforcement
Whistleblower PolicytrueWhistleblowerPolicy
Document Retention PolicytrueDocumentRetentionPolicy
Compensation Process CEOtrueCompensationProcessCEO
Compensation Process OtherfalseCompensationProcessOther
Investment In Joint VenturefalseInvestmentInJointVenture
States Where Copy Of Return Is FiledPAStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledNYStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledCAStatesWhereCopyOfReturnIsFiled
Own WebsiteXOwnWebsite
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonKEVIN HIGGINSNamePerson
Telephone Number2125571600TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line11140 BROADWAY SUITE 304AddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10001ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedXNoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (30 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekAverage Hours Per Week RelatedAverageHoursPerWeekRelatedReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationHighest Compensated EmployeeHighestCompensatedEmployee
LYNN SALVAGE
BOARD MEMBER0.000.00000
CAROL STARLEY
CHAPTER PRESIDE15.000.00000
ROMIE SHAPIRO
BOARD MEMBER5.000.00000
SUZANNE SEEBER
BOARD MEMBER5.000.00000
HARVEY ROTHENBERG
BOARD MEMBER5.000.00000
BARBARA SAMUELSON
BOARD MEMBER5.000.00000
TAMAR RUDICH
BOARD MEMBER5.000.00000
SANDRA ROTHMAN
BOARD MEMBER5.000.00000
HELEN SAX POTAZNIK
BOARD MEMBER5.000.00000
MARGUERITE PERKINS-MAUTNER
CHAPTER PRESIDE5.000.00000
WENDY MARKS
BOARD MEMBER5.000.00000
BRADLY LUBIN
BOARD MEMBER5.000.00000
JANE STERN LEBELL
BOARD MEMBER5.000.00000
STEPHANIE KATZOVICZ
BOARD MEMBER5.000.00000
ORA HOLIN
BOARD MEMBER5.000.00000
CHARLOTTE HATTENBACH
CHAPTER PRESIDE15.000.00000
AVERI FUCHS
BOARD MEMBER5.000.00000
DEBBY EDELSOHN
CHAPTER PRESIDE15.000.00000
LONNY DARWIN
BOARD MEMBER5.000.00000
RENEE CHERNIAK
CHAPTER PRESIDE15.000.00000
ANN BIALKIN
BOARD MEMBER5.000.00000
DIANE BELFER
BOARD MEMBER5.000.00000
STEPHANIE FELDMAN
ASST TREASURER5.000.00000
JONATHAN GOLDBERG
ASST SECRETARY10.000.00000
JOSEPH HOLLANDER
Treasurer10.000.00000
LINDA SCHONFELD
Secretary5.000.00000
SANFORD BATKIN
Vice President5.000.00000
WILLIAM SCHWARTZ
President20.000.00000
DAVID HOMAN
EXECUTIVE DIRECTOR50.000.00136500011468X
ORIT NAOR
EXECUTIVE DIR-ISRA50.000.00109195030908X
FieldValueIRS element (for citing)
Total Reportable Comp From Org245695TotalReportableCompFromOrg
Total Other Compensation42376TotalOtherCompensation
Number Individuals GT100 K2NumberIndividualsGT100K
Formers ListedfalseFormersListed
Total Comp GT150 KfalseTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources
Number Of Contractors GT100 K0NumberOfContractorsGT100K
Fundraising Events187497FundraisingEvents
All Other Contributions2817755AllOtherContributions
Noncash Contributions161503NoncashContributions
Total Contributions3005252TotalContributions

Program Service Revenue ProgramServiceRevenue

FieldValueIRS element (for citing)
DescriptionREGISTRATION FEESDescription
Total Revenue Column26333TotalRevenueColumn
Related Or Exempt Function Income26333RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Program Service Revenue26333TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column25571TotalRevenueColumn
Exclusion$25,571ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Rental Income Or Loss NetRentalIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities179229Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities177653Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities1576Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column1576TotalRevenueColumn
Related Or Exempt Function Income1576RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Gross Income Fundraising Events124677GrossIncomeFundraisingEvents
Cntrbtns Rprtd Fundraising Events187497CntrbtnsRprtdFundraisingEvents
Fundraising Direct Expenses124677FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc (2 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnExclusionExclusionAmount
FOREIGN CURRENCY TRANSACT9000995573$5,573
DISPOSITION OF ASSETS900099-251-$251
FieldValueIRS element (for citing)
Total Other Revenue5322TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column3064054TotalRevenueColumn
Related Or Exempt Function Income27909RelatedOrExemptFunctionIncome
Exclusion$30,893ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total0Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total25500Total
Program Services25500ProgramServices

Foreign Grants ForeignGrants

FieldValueIRS element (for citing)
Total984925Total
Program Services984925ProgramServices

Benefits To Members BenefitsToMembers

FieldValueIRS element (for citing)
Total0Total

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total0Total

Comp Disqual Persons CompDisqualPersons

FieldValueIRS element (for citing)
Total0Total

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total282265Total
Program Services179677ProgramServices
Management And General47562ManagementAndGeneral
Fundraising55026Fundraising

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total0Total

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total24849Total
Program Services16346ProgramServices
Management And General3559ManagementAndGeneral
Fundraising4944Fundraising

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total21351Total
Program Services14045ProgramServices
Management And General3057ManagementAndGeneral
Fundraising4249Fundraising

Fees For Services Management FeesForServicesManagement

FieldValueIRS element (for citing)
Total0Total

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total63144Total
Program Services22834ProgramServices
Management And General40310ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total111135Total
Program Services44454ProgramServices
Management And General50011ManagementAndGeneral
Fundraising16670Fundraising

Fees For Services Lobbying FeesForServicesLobbying

FieldValueIRS element (for citing)
Total0Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total0Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total1661Total
Program Services1661ProgramServices

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total100Total
Management And General100ManagementAndGeneral

Advertising Advertising

FieldValueIRS element (for citing)
Total9234Total
Program Services4617ProgramServices
Fundraising4617Fundraising

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total17483Total
Program Services11500ProgramServices
Management And General2504ManagementAndGeneral
Fundraising3479Fundraising

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total6649Total
Program Services4374ProgramServices
Management And General952ManagementAndGeneral
Fundraising1323Fundraising

Royalties Royalties

FieldValueIRS element (for citing)
Total0Total

Occupancy Occupancy

FieldValueIRS element (for citing)
Total45763Total
Program Services30102ProgramServices
Management And General6555ManagementAndGeneral
Fundraising9106Fundraising

Travel Travel

FieldValueIRS element (for citing)
Total10377Total
Program Services6826ProgramServices
Management And General1486ManagementAndGeneral
Fundraising2065Fundraising

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

FieldValueIRS element (for citing)
Total0Total

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total0Total

Interest Interest

FieldValueIRS element (for citing)
Total0Total

Payments To Affiliates PaymentsToAffiliates

FieldValueIRS element (for citing)
Total0Total

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total15587Total
Program Services10253ProgramServices
Management And General2233ManagementAndGeneral
Fundraising3101Fundraising

Insurance Insurance

FieldValueIRS element (for citing)
Total17249Total
Program Services11346ProgramServices
Management And General2471ManagementAndGeneral
Fundraising3432Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneralFundraisingFundraising
Postage and Shipping7745509511091541
CREDIT CARD & BANK FEES9658635313831922
COMPUTER EXPENSES181381193125983609
APPROPRIATIONS FOR PROJECTS84754670233410706038152

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total7098Total
Program Services4669ProgramServices
Management And General1017ManagementAndGeneral
Fundraising1412Fundraising

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total2527457Total
Program Services2098842ProgramServices
Management And General273967ManagementAndGeneral
Fundraising154648Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY700BOY
EOY400EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY3395160BOY
EOY1828600EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
EOY0EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY1440727BOY
EOY957985EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

FieldValueIRS element (for citing)
EOY0EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

FieldValueIRS element (for citing)
EOY0EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
EOY0EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

FieldValueIRS element (for citing)
EOY0EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY41280BOY
EOY78926EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis219433LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec112480LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY89923BOY
EOY106953EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY38884BOY
EOY2602763EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
EOY0EOY

Investments Program Related InvestmentsProgramRelated

FieldValueIRS element (for citing)
EOY0EOY

Intangible Assets IntangibleAssets

FieldValueIRS element (for citing)
EOY0EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY914114BOY
EOY914114EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY5920788BOY
EOY6489741EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY318338BOY
EOY274504EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY65622BOY
EOY31157EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY383960BOY
EOY305661EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY2985722BOY
EOY3024194EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY1501106BOY
EOY1107246EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY1050000BOY
EOY2052640EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY5536828BOY
EOY6184080EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY5920788BOY
EOY6489741EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses536597ReconcilationRevenueExpenses
Reconciliation Unrealized Invest110655ReconciliationUnrealizedInvest
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedtrueFSAudited

FS Audited Basis FSAuditedBasis

FieldValueIRS element (for citing)
Financial Statement BothXFinancialStatementBoth
FieldValueIRS element (for citing)
Audit CommitteetrueAuditCommittee
Federal Grant Audit RequiredfalseFederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org170b1 AviXPubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years1397763CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years2222480CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years5233016CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year1454424CurrentTaxYearMinus1Year
Current Tax Year3115907CurrentTaxYear
Total13423590Total

Tax Rev Levied For Org Benefit170 TaxRevLeviedForOrgBenefit170

FieldValueIRS element (for citing)
Total0Total

Value Srvc Fclts Furnished By Govt ValueSrvcFcltsFurnishedByGovt

FieldValueIRS element (for citing)
Total0Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years1397763CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years2222480CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years5233016CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year1454424CurrentTaxYearMinus1Year
Current Tax Year3115907CurrentTaxYear
Total13423590Total
FieldValueIRS element (for citing)
Amounts Subst Contributors Total0AmountsSubstContributorsTotal
Public Support Total17013423590PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years5454CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years1059852CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years15101CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year6778CurrentTaxYearMinus1Year
Current Tax Year25571CurrentTaxYear
Total1112756Total

Net UBI NetUBI

FieldValueIRS element (for citing)
Total0Total

Other Income170 OtherIncome170

FieldValueIRS element (for citing)
Total0Total
FieldValueIRS element (for citing)
Total Support14536346TotalSupport
Public Support Pertcentage1700.92350PublicSupportPertcentage170
Public Support Pertcent Prior Year0.91210PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170XThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

Current Year CurrentYear

FieldValueIRS element (for citing)
Beginning Of Year Balance1050000BeginningOfYearBalance
Contributions1002640Contributions
Investment Earnings Or Losses104323InvestmentEarningsOrLosses
Grants Or Scholarships104323GrantsOrScholarships
End Of Year Balance2052640EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

FieldValueIRS element (for citing)
Beginning Of Year Balance1055289BeginningOfYearBalance
Investment Earnings Or Losses1621InvestmentEarningsOrLosses
Other Expenditures6910OtherExpenditures
End Of Year Balance1050000EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

FieldValueIRS element (for citing)
Contributions1050000Contributions
Investment Earnings Or Losses5289InvestmentEarningsOrLosses
End Of Year Balance1055289EndOfYearBalance
FieldValueIRS element (for citing)
Endowments Held By Unrelated OrgsfalseEndowmentsHeldByUnrelatedOrgs
Endowments Held By Related OrgsfalseEndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule RfalseAreRelatedOrgsListedScheduleR

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis78969OtherCostOrOtherBasis
Depreciation60976Depreciation
Book Value17993BookValue

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis140464OtherCostOrOtherBasis
Depreciation51504Depreciation
Book Value88960BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings106953TotalOfBookValueLandBuildings

Other Assets OtherAssets

FieldValueIRS element (for citing)
DescriptionDONATED MUSICAL INSTRUMENTSDescription
Book Value914114BookValue
FieldValueIRS element (for citing)
Total Book Value Other Assets914114TotalBookValueOtherAssets

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
DescriptionSEVERANCE PAYABLEDescription
Amount$31,157Amount
FieldValueIRS element (for citing)
Total Of Amounts31157TotalOfAmounts
Footnote In Part XIIIXFootnoteInPartXIII

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
Part XPart X : FIN48 FootnoteThe Foundation follows the provisions of the Financial Accounting Standards Board's Accounting Standards Codification ("ASC") 740-10-05 relating to accounting and reporting for uncertainty in income taxes. Because of the Foundation's general tax exempt status, ASC 740-10-05 has not had, and is not expected to have, a material impact on the Foundation's financial statements.
Part V, Line 4Part V, Line 4: Intended uses of the endowment fund.To further the mission of the America-Israel Cultural Foundation, inc. by awarding scholarships and grants from the investment earnings of the endowments

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedtrueGrantRecordsMaintained

Accts Actvs Out US Table AcctsActvsOutUSTable

FieldValueIRS element (for citing)
RegionMIDDLE EASTRegion
Number Of Offices1NumberOfOffices
Number Of Employees5NumberOfEmployees
Type Of Activities ConductedPROGRAM SERVICESTypeOfActivitiesConducted
Specific Services ProvidedSCHOLARSHIP & GRANTSSpecificServicesProvided
Total Expenditures1137824TotalExpenditures
FieldValueIRS element (for citing)
Subtotal Number Of Offices1SubtotalNumberOfOffices
Subtotal Number Of Employees5SubtotalNumberOfEmployees
Total Number Of Offices1TotalNumberOfOffices
Total Number Of Employees5TotalNumberOfEmployees
Subtotal Amount Spent1137824SubtotalAmountSpent
Total Amount Spent1137824TotalAmountSpent

Grants To Orgs Outside US GrantsToOrgsOutsideUS

FieldValueIRS element (for citing)
RegionMIDDLE EASTRegion
Purpose Of GrantSCHOLARSHIPSPurposeOfGrant
Amount Of Cash Grant290766AmountOfCashGrant
FieldValueIRS element (for citing)
Total Number Of Other Orgs1TotalNumberOfOtherOrgs

Grants To Ind Outside US GrantsToIndOutsideUS

FieldValueIRS element (for citing)
Type Of AssistanceSCHOLARSHIPSTypeOfAssistance
RegionMIDDLE EASTRegion
Number Of Recipients513NumberOfRecipients
Amount Of Cash Grant694159AmountOfCashGrant
Manner Of Cash DisbursementCHECKSMannerOfCashDisbursement
FieldValueIRS element (for citing)
Transfer To Foreign CorpfalseTransferToForeignCorp
Interest In Foreign TrustfalseInterestInForeignTrust
Own Foreign CorpfalseOwnForeignCorp
Passive Foreign Invest CofalsePassiveForeignInvestCo
Foreign PartnershipfalseForeignPartnership
Boycott CountriesfalseBoycottCountries

Form990 Schedule F Part V Form990ScheduleFPartV

FieldValueIRS element (for citing)
IdentifierGrantmaker's Description of How Grants are Used in Foreign CountryIdentifier
ExplanationEach year the Israel Office must submit a budget detailing the amount of grants that they would like to award for the upcoming year. The Board of Directors will accept, reject or modify the budget. The NY Office receives quarterly reports on how much is actually granted. All students must submit authentification of study (Letter or transcript from the school)Explanation

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsXMailSolicitations
Phone SolicitationsXPhoneSolicitations
In Person SolicitationsXInPersonSolicitations
Special Fundraising EventsXSpecialFundraisingEvents
Agreement Ref FundraisingfalseAgreementRefFundraising

Events Information EventsInformation

FieldValueIRS element (for citing)
Name Of Event1GALANameOfEvent1
Gross Receipts Event1312174GrossReceiptsEvent1
Charitable Contributions Event1187497CharitableContributionsEvent1
Gross Revenue Event1124677GrossRevenueEvent1
Rent Facility Costs Event143245RentFacilityCostsEvent1
Food And Beverage Event12848FoodAndBeverageEvent1
Entertainment Event11300EntertainmentEvent1
Other Direct Expenses Event177284OtherDirectExpensesEvent1
Gross Receipts Total312174GrossReceiptsTotal
Charitable Contributions Total187497CharitableContributionsTotal
Gross Revenue Total Events124677GrossRevenueTotalEvents
Rent Facility Costs Total Events43245RentFacilityCostsTotalEvents
Food And Beverage Total Events2848FoodAndBeverageTotalEvents
Entertainment Total Events1300EntertainmentTotalEvents
Other Direct Expenses Total Events77284OtherDirectExpensesTotalEvents
Direct Expense Summary Events124677DirectExpenseSummaryEvents

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records MaintainedfalseRecordsMaintained
Total Nbr Of501 C3 And Govt Grants0TotalNbrOf501C3AndGovtGrants
Total Nbr Of Other Organizations0TotalNbrOfOtherOrganizations

Form990 Schedule I Part III Form990ScheduleIPartIII

FieldValueIRS element (for citing)
Type Of GrantSCHOLARSHIPSTypeOfGrant
Number Of Recipients5NumberOfRecipients
Amount Of Cash Grant25500AmountOfCashGrant

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV

Name Of Interested Person NameOfInterestedPerson

FieldValueIRS element (for citing)
Name PersonJONATHAN GOLDBERGNamePerson
FieldValueIRS element (for citing)
RelationshipATTORNEYRelationship
Amount Of Transaction55644AmountOfTransaction
Description Of TransactionLEGAL SERVICESDescriptionOfTransaction
Sharing Of RevenuestrueSharingOfRevenues

Form990 Schedule L Part V Form990ScheduleLPartV

FieldValueIRS element (for citing)
ExplanationA BOARD MEMBER IS A PARTNER IN A LAW FIRM THAT THE ORGANIZATION DOES BUSINESS WITHExplanation

Schedule M IRS990ScheduleM

Works Of Art WorksOfArt

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Number Of Contributions1NumberOfContributions
Noncash Contribs Rptd F990156400NoncashContribsRptdF990
Method Of Determining RevenuesAPPAISALSMethodOfDeterminingRevenues
FieldValueIRS element (for citing)
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeld
Review Process Unusual NC GiftstrueReviewProcessUnusualNCGifts
Third Parties UsedfalseThirdPartiesUsed

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
Form 990, Part VI, Line 19Form 990, Part VI, Line 19: Other Organization Documents Publicly AvailableGOVERNING DOCUMENTS, POLICIES AND FINANCIAL INFORMATION IS PROVIDED UPON REQUEST.
Form 990, Part VI, Line 15aForm 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top ManagementTHE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED AND APPROVED BY THE CHAIRMAN OF THE BOARD
Form 990, Part VI, Line 12cForm 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of ConflictsBOARD MEMBERS AND OFFICERS ARE REQUIRED ON AN ONGOING BASIS TO DECLARE ANY CONFLICT OF INTEREST AND THEY MUST BE REPORTED IN THE BOARD MINUTES
Form 990, Part VI, Line 11bForm 990, Part VI, Line 11b: Form 990 Review ProcessFINANCE COMMITTEE MEETS WITH ACCOUNTING FIRM AND DIRECTOR OF FINANCE PRIOR TO FILING FORM 990.
Form 990, Part III, Line 4dForm 990, Part III, Line 4d: Other Program Services DescriptionOTHER PROGRAM SERVICES 4: Other grants and special projects-Promotion of Israeli culture internationally and support of the early careers of young artist.

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII

Name Of Disregarded Entity NameOfDisregardedEntity

FieldValueIRS element (for citing)
Business Name Line1ADVISORY counsil of the aicfBusinessNameLine1

Address Foreign AddressForeign

FieldValueIRS element (for citing)
Address Line1TEL AVIVAddressLine1
CityJERUSALEMCity
CountryISCountry
FieldValueIRS element (for citing)
Primary ActivitiesGRANTSPrimaryActivities
Legal Domicile Foreign CountryISLegalDomicileForeignCountry
Exempt Code SectionCHARITYExemptCodeSection

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1NABusinessNameLine1
FieldValueIRS element (for citing)
Controlled OrgfalseControlledOrg
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents RoyaltiesfalseReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other OrgfalseGiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other OrgfalseGiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other OrgfalseLoansOrGuaranteesFromOtherOrg
Dividends Related OrganizationfalseDividendsRelatedOrganization
Sale Of Assets To Other OrgfalseSaleOfAssetsToOtherOrg
Purchase Of Assets From Other OrgfalsePurchaseOfAssetsFromOtherOrg
Exchange Of AssetsfalseExchangeOfAssets
Rental Of Facilities To Other OrgsfalseRentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other OrgsfalseRentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other OrgsfalsePerformOfServicesForOtherOrgs
Perform Of Services By Other OrgsfalsePerformOfServicesByOtherOrgs
Sharing Of FacilitiesfalseSharingOfFacilities
Sharing Of Paid EmployeesfalseSharingOfPaidEmployees
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrg
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrg
Other Transfer To Other OrgfalseOtherTransferToOtherOrg
Other Transfer From Other OrgfalseOtherTransferFromOtherOrg