American-Eastern European Council
- Assets
- $367.1k
- Revenue
- $410.5k
- Investments
- $148.7k
- Employees
- 0
- Location
- La Jolla, CA
- Founding
- 07/1995
- Data as of
- 03/2024
- EIN
- 94-3226887
Organization Overview
American-Eastern European Council is located in La Jolla, CA. The organization was established in 1995. 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-Eastern European Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 03/2024, American-Eastern European Council generated $410.5k 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 (4.2%) each year. All expenses for the organization totaled $140.2k during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (17.4%) per year over the past 7 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST BUSINESSES FROM EASTERN EUROPE AND THE UNITED STATES IN FINDING TRADING PARTNERS, CREATE JOINT VENTURES, AND LOCATE DIRECT INVESTMENT OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COSTS TO FACILITATE CHAMBER OF COMMERCE MEETINGS AND EVENTS FOR MEMBERS AND GENERAL PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Durmashkin President | OfficerTrustee | 10 | $0 |
Alexander Denisevich Vice President | OfficerTrustee | 10 | $0 |
Nick Levenetz Secretary | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $152,715 |
| 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 | $152,715 |
| Total Program Service Revenue | $0 |
| Investment income | $10,064 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $240,078 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$4,281 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $410,460 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,775 |
| Advertising and promotion | $460 |
| Office expenses | $680 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,629 |
| Travel | $2,083 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $109 |
| All other expenses | $1,676 |
| Total functional expenses | $140,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,350 |
| 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 | $0 |
| Investments—other securities | $148,709 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $367,059 |
| Accounts payable and accrued expenses | $158,958 |
| 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 | $75,000 |
| Total liabilities | $233,958 |
| Net assets without donor restrictions | $0 |
| 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 | $133,101 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $367,059 |