Association For The Advancement Of Baltic Studies Inc
- Assets
- $4.7m
- Revenue
- $326.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 12/1970
- Data as of
- 06/2021
- EIN
- 23-7089112
Organization Overview
Association For The Advancement Of Baltic Studies Inc is located in Seattle, WA. The organization was established in 1970. According to its NTEE Classification (Q03) the organization is classified as: Professional Societies & Associations, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association For The Advancement Of Baltic Studies 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 06/2021, Association For The Advancement Of Baltic Studies Inc generated $326.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $206.5k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION WAS ESTABLISHED TO PROMOTE RESEARCH AND EDUCATION IN BALTIC STUDIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AABS GRANTS, FELLOWSHIPS AND AWARDS TO SUPPORT SCHOLARLY STUDY OF THE BALTIC COUNTRIES (EMERGING SCHOLAR, DISSERTATION, BIRNITIS); TO SUPPORT CREATIVE PROJECTS (BAUMANIS), TO PROVIDE OPPORTUNITIES FOR CITIZENS OF LATVIA TO STUDY/RESEARCH IN THE UNITED STATES (GRUNDMANIS, SALTUPS), TO SUPPORT THE STUDY OF BALTIC LANGUAGES /BALSSI).
THE JOURNAL OF BALTIC STUDIES IS A PEER-REVIEWED MULTIDISCIPLINARY JOURNAL DEDICATED TO ADVANCING KNOWLEDGE ABOUT ALL ASPECTS OF BALTIC SEA REGIONS POLITICAL, SOCIAL, ECONOMIC, AND CULTURAL LIFE, PAST AND PRESENT.
AABS BIENNIAL CONFERENCE: CONFERENCE PUBLICITY, SUPPORT TO HOST ORGANIZATION FOR ROOM RENTAL AND EQUIPMENT, STUDENT TRAVEL AWARDS, MISCELLANEOUS CONFERENCE COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liisi Esse Administrative Executive Dire | Officer | 15 | $47,771 |
Daunis Auers President | OfficerTrustee | 1 | $0 |
Ieva Zake Secretary | OfficerTrustee | 1 | $0 |
Ugis Sprudzs Treasurer | OfficerTrustee | 1 | $0 |
Dovile Budryte President-Elect | OfficerTrustee | 1 | $0 |
Olavi Arens Academic Executive Director | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,825 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,342 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,167 |
| Total Program Service Revenue | $18,000 |
| Investment income | $57,411 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $17,538 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $145,440 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $326,556 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,000 |
| Grants and other assistance to domestic individuals. | $14,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $72,016 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $44,000 |
| Compensation of current officers, directors, key employees. | $18,480 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,344 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,170 |
| Advertising and promotion | $0 |
| Office expenses | $1,219 |
| Information technology | $3,360 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,500 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,436 |
| All other expenses | $0 |
| Total functional expenses | $206,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $496,500 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,200,998 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,697,498 |
| Accounts payable and accrued expenses | $100,730 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $100,730 |
| Net assets without donor restrictions | $4,046,601 |
| Net assets with donor restrictions | $550,167 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,697,498 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Association For The Advancement Of Baltic Studies Inc has recieved totaling $2,400.
| Awarding Organization | Amount |
|---|---|
J J Medveckis Foundation Philadelphia, PA PURPOSE: GENERAL PURPOSE | $2,400 |
Endowment Analysis
| Beg. Balance | $3,598,991 |
| Earnings | $190,551 |
| Admin Expense | $74,531 |
| Net Contributions | $75,342 |
| Other Expense | $4,000 |
| Grants | $131,516 |
| Ending Balance | $3,654,837 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asia Foundation San Francisco, CA | $76,412,898 | $96,548,436 |
Thousand Currents San Francisco, CA | $18,209,575 | $15,204,408 |
Good Neighbors Global Partnership Center Tustin, CA | $7,369,016 | $74,277,628 |
Give2asia Oakland, CA | $46,076,655 | $66,536,782 |
Medical Teams International Tigard, OR | $43,129,775 | $57,004,022 |
International Relief Teams San Diego, CA | $7,706,512 | $52,337,669 |
Armenia Artsakh Fund Inc Northridge, CA | $19,924 | $33,562,642 |
Global Operations And Development- Giving Children Hope Buena Park, CA | $8,064,213 | $30,512,149 |
Global Fund For Women Inc San Francisco, CA | $103,403,136 | $40,845,531 |
Panorama Global Seattle, WA | $45,204,224 | $43,110,179 |
Eden Reforestation Projects Glendora, CA | $7,036,830 | $26,588,598 |
Living Goods Oakland, CA | $25,335,492 | $27,387,443 |