Polish-American Freedom Foundation
- Assets
- $332.9m
- Revenue
- $20.7m
- Investments
- $221.7m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2016
- Data as of
- 12/2021
- EIN
- 52-2193529
Organization Overview
Polish-American Freedom Foundation is located in New York, NY. The organization was established in 2016. 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. Polish-American Freedom Foundation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Polish-American Freedom Foundation generated $20.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $16.5m during the year ending 12/2021. While expenses have increased by 1.5% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerzy Kozminski President And Ceo, Director | OfficerTrustee | 50 | $193,732 |
Grzegorz Jdrys Director Of The Rep. Office | Officer | 40 | $131,250 |
Norman E Haslun III Treasurer & CFO | Officer | 11.5 | $110,000 |
Andrew Nagorski Chairman, Director | Trustee | 2.1 | $18,100 |
Anna Fornalczyk Director | Trustee | 0.7 | $15,112 |
Katarzyna Kieli Director | Trustee | 0.4 | $15,112 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gardner Russo & Quinn Llc Investment Manager | 12/30/21 | $321,978 |
John W Bristol & Co Inc Investment Manager | 12/30/21 | $118,179 |
Monticello Associates Investment Manager | 12/30/21 | $225,000 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $570,749 |
| Investment income | $891,616 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,189,065 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,651,430 |
| 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 | $13,516,458 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $545,757 |
| Compensation of current officers, directors, key employees. | $282,501 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $845,230 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,478 |
| Payroll taxes | $140,180 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $86,459 |
| Fees for services: Accounting | $106,411 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $676,461 |
| Fees for services: Other | $29,334 |
| Advertising and promotion | $19,675 |
| Office expenses | $55,504 |
| Information technology | $19,242 |
| Royalties | $0 |
| Occupancy | $135,483 |
| Travel | $26,201 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,862 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,537 |
| Insurance | $22,989 |
| All other expenses | $0 |
| Total functional expenses | $16,502,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,114,025 |
| Savings and temporary cash investments | $21,307,094 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $283,963 |
| 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 | $8,058,625 |
| Net Land, buildings, and equipment | $4,110,055 |
| Investments—publicly traded securities | $69,766,305 |
| Investments—other securities | $221,681,101 |
| Investments—program-related | $4,591,410 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $332,912,578 |
| Accounts payable and accrued expenses | $251,676 |
| Grants payable | $8,355,453 |
| 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 | $8,607,129 |
| Net assets without donor restrictions | $324,305,449 |
| Net assets with donor restrictions | $0 |
| 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 | $332,912,578 |
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 |