The American Indonesian Cultural And Educational Foundation Inc
- Assets
- $1.0m
- Revenue
- $92.1k
- Investments
- $965.6k
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2019
- Data as of
- 12/2023
- EIN
- 23-7055841
Organization Overview
The American Indonesian Cultural And Educational Foundation Inc is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, 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. American Indonesian Cultural And Educational Foundation Inc 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 12/2023, American Indonesian Cultural And Educational Foundation Inc generated $92.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $159.0k during the year ending 12/2023. While expenses have increased by 18.5% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, American Indonesian Cultural And Educational Foundation Inc has awarded 97 individual grants totaling $322,246. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT FINANCIAL ASSISTANCE:
CHARITY CONTRIBUTION FOR CULTURAL PURPOSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne J Forrest Chairman Of The Board | 2 | $0 | |
Dr Diane Rahardja Secretary/treasurer | 2 | $0 | |
Elizabeth S Lapadula ESQ President | 2 | $0 | |
Popy Rufaidah Director | 2 | $0 | |
Mr Andyan Rahardja Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,001 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,634 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,477 |
| Capital Gain Net Income | $48,477 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $92,112 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $82 |
| Taxes | $1,282 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $43,200 |
| Total operating and administrative expenses | $48,139 |
| Contributions, gifts, grants paid | $110,861 |
| Total expenses and disbursements | $159,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,767 |
| Savings and temporary cash investments | $37,901 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $57,886 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,608 |
| Total assets | $1,011,908 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The American Indonesian Cultural And Educational Foundation Inc has awarded $110,861 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
SAN FRANCISCO INTERNATIONAL ARTS FESTIVAL PURPOSE: CULTURAL GRANT | $5,000 |
RAUDE RAYCHEL PURPOSE: CULTURAL GRANT | $2,000 |
GAMELAN OF THE NEW MOON PURPOSE: CULTURAL GRANT | $5,000 |
ARCINDA PURPOSE: CULTURAL GRANT | $800 |
EMERALD CITY MUSIC PURPOSE: CULTURAL GRANT | $5,000 |
BERYL BERNAY ARCHIVE PURPOSE: CULTURAL GRANT | $193 |