Cerge-Ei Foundation
- Assets
- $13.2m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 1
- Location
- New York, NY
- Founding
- 01/1995
- Data as of
- 12/2021
- EIN
- 25-1725738
Organization Overview
Cerge-Ei Foundation is located in New York, NY. The organization was established in 1995. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, 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. Cerge-Ei 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, Cerge-Ei Foundation generated $3.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. 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
TO PROMOTE ECONOMICS EDUCATION AND RESEARCH IN THE POST-COMMUNIST COUNTRIES OF CENTRAL AND EASTERN EUROPE INCLUDING THE FORMER SOVIET UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR THE CERGE-EI DOCTORAL PROGRAM IN ECONOMICS FOR PROMISING STUDENTS FROM THE FORMER SOVIET BLOC AND OTHER DEVELOPING NATIONS THAT IS TOTALLY TUITION FREE, BUILDING A BASE OF KNOWLEDGE AND EXPERTISE IN MODERN MARKET ECONOMICS IN A REGION WHERE IT WAS PREVIOUSLY UNKNOWN.THE MASTERS OF APPLIED ECONOMICS (MAE) PROGRAM IS AN INTENSIVE, EMPIRICALLY-BASED 12-MONTH PROGRAM THAT ENABLES STUDENTS TO OBTAIN AN ECONOMIC EDUCATION TYPICALLY NOT AVAILABLE IN THEIR HOME COUNTRIES AND GAIN ESSENTIAL SKILLS DEMANDED BY EMPLOYERS.
THE CERGE-EI TEACHING FELLOWSHIPS SUPPORT GRADUATE STUDENTS AND POST-DOCTORAL TEACHERS IN THE EFFORT TO EXPAND THE TEACHING OF MODERN MARKET ECONOMICS TO UNDERGRADUATES IN A REGION WHERE IT WAS PREVIOUSLY UNKNOWN.
THE UNDERGRADUATE PROGRAM IN CENTRAL EUROPEAN STUDIES IS AN AMERICAN JUNIOR-YEAR STUDY-ABROAD PROGRAM DESIGNED TO EXPAND U.S. STUDENTS' EDUCATION IN THE STUDY OF CENTRAL EUROPE AND TO FURTHER EXPAND KNOWLEDGE OF THE CERGE-EI PROGRAM THROUGH AMERICAN ACADEMIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Claudino President And CEO | OfficerTrustee | 40 | $118,750 |
Jan Svejnar Member/visiting Professor | Trustee | 5 | $48,147 |
Randall K Filer Member/teaching Fellows Director | Trustee | 2 | $47,184 |
Prof Ing Stepan Jurajda PHD Member/research Fellowship Program | Trustee | 5 | $42,948 |
Filip Kaspar Secretary/administrative Director | OfficerTrustee | 40 | $23,569 |
Gerald Roland Member/visiting Professor | Trustee | 5 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,514,826 |
| Noncash contributions included in lines 1a–1f | $63,982 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,514,826 |
| Total Program Service Revenue | $313,946 |
| Investment income | $436,141 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,732 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,287,220 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,122,800 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $138,685 |
| Compensation of current officers, directors, key employees. | $27,737 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,610 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,904 |
| Fees for services: Accounting | $14,644 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $289,020 |
| Advertising and promotion | $0 |
| Office expenses | $11,155 |
| Information technology | $9,815 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,431 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,621 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,084 |
| Insurance | $3,683 |
| All other expenses | $26,170 |
| Total functional expenses | $3,193,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,139,064 |
| Savings and temporary cash investments | $512,164 |
| Pledges and grants receivable | $54,430 |
| Accounts receivable, net | $6,331 |
| 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 | $1,516 |
| Net Land, buildings, and equipment | $4,334 |
| Investments—publicly traded securities | $10,493,285 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,211,124 |
| Accounts payable and accrued expenses | $120,005 |
| Grants payable | $0 |
| Deferred revenue | $159,750 |
| 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 | $279,755 |
| Net assets without donor restrictions | $5,709,334 |
| Net assets with donor restrictions | $7,222,035 |
| 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 | $13,211,124 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cerge-Ei Foundation has recieved totaling $2,355,000.
| Awarding Organization | Amount |
|---|---|
Donors Trust Inc Alexandria, VA PURPOSE: for general operations | $2,250,000 |
U S Russia Foundation For Ecnomic Advancement And The Rule Of Law Washington, DC PURPOSE: PUBLIC SUPPORT | $105,000 |
Endowment Analysis
| Beg. Balance | $6,379,698 |
| Earnings | $945,143 |
| Other Expense | $312,850 |
| Ending Balance | $7,011,991 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Polish-American Freedom Foundation New York, NY | $332,912,578 | $20,651,430 |
Omidyar-Tufts Microfinance Fund Somerville, MA | $114,828,830 | -$1,213,909 |
Dress For Success Worldwide New York, NY | $9,765,263 | $14,118,582 |
Endeavor Global Inc New York, NY | $17,758,887 | $22,239,624 |
Mennonite Economic Development Associates Lancaster, PA | $26,265,593 | $14,802,817 |
Financial Services Volunteer Corps Inc New York, NY | $4,338,276 | $8,058,219 |
Romanian American Foundation New York, NY | $151,764,693 | $36,392,050 |
Nest Inc New York, NY | $5,296,909 | $4,810,117 |
Cerge-Ei Foundation New York, NY | $13,211,124 | $3,287,220 |
Junior Achievement Of New York New York, NY | $4,177,610 | $3,603,746 |
Junior Achievement Usa Bridgeville, PA | $5,474,447 | $2,637,956 |
Junior Achievement Of New Jersey Edison, NJ | $1,756,989 | $2,071,361 |