German Language And Culture Foundation
- Assets
- $192.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 11/2007
- Data as of
- 12/2021
- EIN
- 20-8397924
Organization Overview
German Language And Culture Foundation is located in Charlotte, NC. The organization was established in 2007. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. German Language And Culture Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, German Language And Culture Foundation generated $16.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (30.4%) each year. All expenses for the organization totaled $1.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (51.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDES SCHOLARSHIPS AND OTHER LEARNING OPPORTUNITIES FOR UNIVERSITY AND HIGH SCHOOL STUDENTS FROM THE NORTH CAROLINA SCHOOL SYSTEM TO STUDY AT GERMAN PARTNER UNIVERSITIES FOR TWO WEEKS TO TWELVE MONTH PERIODS AND OFFERS THE SAME OPPORTUNITY FOR GERMAN STUDENTS TO STUDY IN THE UNC SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Mueller President | 6.25 | $0 | |
Michael Zeller Secretary | 1 | $0 | |
Oliver Hecking Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $32 |
| Total Revenue | $16,032 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $289 |
| Total expenses | $1,289 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $192,415 |
| Other assets | $0 |
| Total assets | $192,415 |
| Total liabilities | $0 |
| Net assets or fund balances | $192,415 |
Grants Awarded
Over the last fiscal year, German Language And Culture Foundation has awarded $124,437 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNC CHARLOTTE PURPOSE: Provide scholarships for UNC Charlotte students. | $65,000 |
CENTRAL PIEDMONT COMMUNITY COLLEGE PURPOSE: To provide scholarship funds to CPCC students. | $21,787 |
GASTONIA SISTER CITIES INC PURPOSE: Provide funding for student exchange program. | $10,000 |
CHARLOTTE MECKLENBURG SCHOOLS PURPOSE: Provide funding for German language and exchange programs. | $27,650 |