2024-11-14T11:38:49-06:00 2023-12-31 812950760 SAX LLP 1040 AVENUE OF THE AMERICAS-16TH FL NEW YORK NY 10018 990 2023-01-01 132989216 THE NETHERLAND-AMERICA FOUNDATION INC NETH 2128251221 505 EIGHTH AVENUE 12A05 NEW YORK NY 10018 MICHIEL VAN SCHAARDENBURG TREASURER 2128251221 2024-11-14 1 0 MIKE SCHALL P02024184 2122682804 2024-11-13 2023 2024-10-15 13:58:12Z MICHIEL VAN SCHAARDENBURG 505 EIGHTH AVENUE 12A05 NEW YORK NY 10018 8379061 0 X WWW.THENAF.ORG X 1921 NY BUILDING ON THEHERITAGE & VALUES SHARED BETWEEN THE PEOPLES OF THE NETHERLANDS & THE UNITED STATES. 48 48 5 170 0 0 1857319 3762772 0 0 154565 222713 95003 53183 2106887 4038668 1264700 1497942 0 0 528847 546291 23000 0 420633 546357 599680 2362904 2643913 -256017 1394755 7918449 9708062 294217 217443 7624232 9490619 X BUILDING ON THE ENDURING HERITAGE AND VALUES SHARED BETWEEN THE PEOPLES OF THE NETHERLANDS AND THE UNITED STATES, THE NETHERLAND-AMERICA FOUNDATION SEEKS TO FURTHER STRENGTHEN THE BONDS BETWEEN OUR TWO COUNTRIES THROUGH EXCHANGE IN THE ARTS,SCIENCES, EDUCATION, BUSINESS AND PUBLIC AFFAIRS. 0 0 1973766 1497942 FOUNDED IN 1921, THE NAF IS ACTIVE IN THE FOLLOWING AREAS:NAF-FULBRIGHT FELLOWSHIPS:AWARDED TO DUTCH AND AMERICAN STUDENTS PURSUING GRADUATE LEVEL STUDIES AT UNIVERSITIES IN EACH OTHER'S COUNTRIES, FUNDED BY THE WILHELMINA AND LEENDERT REUVERS EDUCATIONAL FUND, THE LOET AND EDITH VELMANS EDUCATION FUND, AND PROCEEDS FROM THE NAF BALL.SCHOLARSHIPS:AWARDED TO HIGH-ACHIEVING DUTCH STUDENTS FOR SUMMER ACADEMIC STUDY AND INTERNSHIPS IN WASHINGTON, DC, FUNDED BY PROCEEDS FROM THE NAF AMBASSADORS' AWARDS DINNER. INTERNSHIP GRANTS:AWARDED TO HIGH-ACHIEVING AND LOW-INCOME STUDENTS THROUGH BOTH THE DUTCH2USA AND USA2HOLLAND INTERNSHIP PROGRAM. AWARDED TO GRADUATES OF THE MASTER GLOBAL HEALTH PROGRAM AT MAASTRICHT UNIVERSITY, THE HEERSINK FAMILY GLOBAL HEALTH INTERNSHIP FUND HELPS GRADUATES PURSUE AN INTERNSHIP IN THE UNITED STATES.INTEREST-FREE STUDY LOANS:AWARDED TO DUTCH STUDENTS SEEKING TO STUDY IN THE UNITED STATES AND, ON SIMILAR TERMS, TO AMERICAN STUDENTS SEEKING TO STUDY IN THE NETHERLANDS. FUNDING SOURCES INCLUDE THE MAARTEN VAN HENGEL MEMORIAL FUND, MARK PIGOTT FAMILY EDUCATION FUND, SAMUEL FREEMAN CHARITABLE TRUST AND NAF STUDY LOAN FUND.J1 VISA SPONSORSHIP:FOR DUTCH STUDENTS PARTICIPATING IN INTERNSHIPS OR TRAINEESHIPS IN THE UNITED STATES.BUSINESS EXCHANGE:SUPPORTING THE EXCHANGE OF VIEWPOINTS, EXPERTISE AND IDEAS AMONGST MEMBERS OF THE BUSINESS COMMUNITY AT NAF MEETINGS AND LECTURES.CULTURAL GRANTS:SUPPORTING EXCHANGE BETWEEN THE UNITED STATES AND THE NETHERLANDS, FOR ALL AREAS OF THE ARTS. BOTH EMERGING ARTISTS AS WELL AS ESTABLISHED ORGANIZATIONS ARE ELIGIBLE.FRIENDS FUNDS:FACILITATING FUNDRAISING IN THE UNITED STATES FOR DUTCH CULTURAL AND EDUCATIONAL INSTITUTIONS. THE NAF'S FISCAL SPONSORSHIP PROGRAM PROVIDES A SIMILAR ARRANGEMENT FOR INDIVIDUAL PROJECTS. THROUGH THIS STRUCTURE, U.S. DONORS' GIFTS ARE TAX-DEDUCTIBLE. 1973766 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 1 1 1 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 5 1 0 1 NL 0 0 0 1 1 0 0 0 1 0 0 0 X 48 48 1 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 NY CA VA X X WILLEMIJN KEIZER 2128251221 505 EIGHTH AVENUE STE 12A05 NEW YORK NY 10018 ANDY BENDER CHAIRMAN 16.00 X X 0 0 0 MICHIEL VAN SCHAARDENBURG TREASURER 8.00 X X 0 0 0 MICHIEL VISSERN SECRETARY 8.00 X X 0 0 0 PAUL BEIBOER DIRECTOR 4.00 X 0 0 0 ENNIUS BERGSMA DIRECTOR 4.00 X 0 0 0 MERIJN BOENDER DIRECTOR 4.00 X 0 0 0 TIM BROAS DIRECTOR 4.00 X 0 0 0 JAN LOUIS BURGGRAAF DIRECTOR 4.00 X 0 0 0 MANON COX DIRECTOR 4.00 X 0 0 0 EVA DAS DIRECTOR 4.00 X 0 0 0 CARINE DE MEYERE DIRECTOR 4.00 X 0 0 0 KURT DYKSTRA DIRECTOR 4.00 X 0 0 0 MICHAEL ENTHOVEN DIRECTOR 4.00 X 0 0 0 TON GARDENIERS DIRECTOR 4.00 X 0 0 0 HENK GUITJENS DIRECTOR 4.00 X 0 0 0 OTTHO HELDRING DIRECTOR 4.00 X 0 0 0 JUDITH HERNSTADT DIRECTOR 4.00 X 0 0 0 JAN JOOSTEN DIRECTOR 4.00 X 0 0 0 PAUL KLAASSEN DIRECTOR 4.00 X 0 0 0 ALBERT LAVERGE DIRECTOR 4.00 X 0 0 0 CATHARINA CANDY LURKEN DIRECTOR 4.00 X 0 0 0 BAS NIEUWEWEME DIRECTOR 4.00 X 0 0 0 ROBERT BOB OTTENHOFF DIRECTOR 4.00 X 0 0 0 THEO PRUDON DIRECTOR 4.00 X 0 0 0 MAGGIE TIMONEY DIRECTOR 4.00 X 0 0 0 RALF VAN DER VEN DIRECTOR 4.00 X 0 0 0 IWAN VANDERVINNE DIRECTOR 4.00 X 0 0 0 JAN WILLEM VAN DRIMMELEN DIRECTOR 4.00 X 0 0 0 MARC VAN GELDER DIRECTOR 4.00 X 0 0 0 MAARTEN VAN HENGEL DIRECTOR 4.00 X 0 0 0 ELIZABETH VAN SCHILFGAARDE DIRECTOR 4.00 X 0 0 0 JOHANNES VAN TILBURG DIRECTOR 4.00 X 0 0 0 ELEANNE VAN VLIET DIRECTOR 4.00 X 0 0 0 HUGO VERDEGAAL DIRECTOR 4.00 X 0 0 0 JURJAN WOUDA KUIPERS DIRECTOR 4.00 X 0 0 0 HESTER VELMANS DIRECTOR 4.00 X 0 0 0 MARY ANDRINGA VERMEER DIRECTOR 4.00 X 0 0 0 PIETER VAN DEN BERG DIRECTOR 4.00 X 0 0 0 ROEL HUININK DIRECTOR 4.00 X 0 0 0 WLADIMIR HOGENHUIS DIRECTOR 4.00 X 0 0 0 JACK ROEPERS DIRECTOR 4.00 X 0 0 0 RUULKE BAGIJIN DIRECTOR 4.00 X 0 0 0 MAUREEN BUNYAN DIRECTOR 4.00 X 0 0 0 MILA DOVICH HEERSINK DIRECTOR 4.00 X 0 0 0 JAMES DYKSTRA DIRECTOR 4.00 X 0 0 0 ANNELIES JANSEN DIRECTOR 4.00 X 0 0 0 AARON MOREHOUSE DIRECTOR 4.00 X 0 0 0 STAN VEUGER DIRECTOR 4.00 X 0 0 0 WILLEMIJN KEIZER EXECUTIVE DIRECTOR 50.00 X 174593 0 18501 174593 0 18501 1 0 1 0 0 896097 2866675 3762772 180872 180872 3884409 3842568 41841 41841 41841 497825 896097 497825 0 OTHER 900099 53183 53183 53183 4038668 0 0 275896 145959 145959 44500 44500 1307483 1307483 178924 116301 35785 26838 295260 97556 41981 155723 11842 5341 1942 4559 25545 11520 4190 9835 34720 15659 5694 13367 90790 90790 34425 34425 79019 1860 8376 68783 9670 8297 410 963 9189 4144 1507 3538 4320 1949 708 1663 43354 19553 7110 16691 33095 28102 1492 3501 1290 581 212 497 12065 5441 1979 4645 OTHER EXPENSES 81976 64224 5303 12449 CHAPTER EXPENSE 78082 52719 25363 SPECIAL EVENT EXPENSE 71984 17630 54354 OFFICE EQUIPMENT 30499 13755 5002 11742 19922 11192 2608 6122 2643913 1973766 249514 420633 92445 1062440 735155 1326904 74759 649875 377219 423471 16272 27731 9775 9775 1290 0 6497980 6128525 123329 89116 7918449 9708062 134300 51676 27137 67498 1350 19000 19000 112430 79269 294217 217443 X 5474530 6293557 2149702 3197062 7624232 9490619 7918449 9708062 X 1394755 476126 -4494 X 0 1 X 1 0 X 2222997 1144234 2582455 1857319 3762772 11569777 2222997 1144234 2582455 1857319 3762772 11569777 2025201 9544576 199401 121418 181631 236648 180872 919970 95003 53183 148186 12637933 0.75520 0.66620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 2149702 1568578 105622 626840 3197062 2663838 380101 -212142 682095 2149702 3197777 387156 178058 1099153 2663838 3459905 275937 94058 632123 3197777 3807042 601382 187706 1136225 3459905 1.00000 0 0 9775 9775 0 0 OPERATING LEASE LIABILITIES 79269 79269 X 4475875 476126 -4494 471632 4004243 34425 34425 4038668 2609488 0 2609488 34425 34425 2643913 PART IV, LINE 2B: THE NAF HAS ESTABLISHED A LEGAL STRUCTURE TO FACILITATE COST-EFFECTIVE AND TAX-EFFICIENT COOPERATION IN FUNDRAISING WITH DUTCH INSTITUTIONS. THE FRIENDS FUND PROGRAM GIVES U.S. DONORS THE ADVANTAGE OF A U.S. INCOME AND GIFT TAX DEDUCTION FOR THEIR GIFTS. ESTABLISHING AN AMERICAN FRIENDS FUND WITH THE NAF ELIMINATES THE NEED FOR CREATING AND ADMINISTERING YOUR OWN CHARITABLE ORGANIZATION IN THE U.S., WHILE ALSO SAVING EXPENSES ASSOCIATED WITH ACCOUNTING, AUDITING, LEGAL COUNSELING OR FILING ANNUAL TAX RETURNS. PART V, LINE 4: THE FOUNDATION MAINTAINS VARIOUS DONOR-RESTRICTED AND BOARD-DESIGNATED FUNDS WHOSE PURPOSE IS TO PROVIDE LONG TERM SUPPORT FOR ITS CHARITABLE PROGRAMS. IN CLASSIFYING SUCH FUNDS FOR FINANCIAL STATEMENT PURPOSES AS EITHER PERMANENTLY RESTRICTED, TEMPORARILY RESTRICTED, OR UNRESTRICTED NET ASSETS, THE EXECUTIVE COMMITTEE AND BOARD LOOK TO EXPLICIT DIRECTIONS OF THE DONOR WHERE APPLICABLE AND THE PROVISIONS OF THE LAWS OF NEW YORK STATE. THE SPENDING POLICY OF THE REUVERS TEMPORARILY RESTRICTED INVESTMENTS REQUIRES A WITHDRAWAL OF 8% BASED UPON THE ANNUAL AVERAGE OF THE FAIR VALUE OF INVESTMENTS FOR THE PRIOR TWELVE QUARTERS. THE SPENDING ON THE BOARD DESIGNATED INVESTMENTS IS DISCRETIONARY. PART X, LINE 2: THE FOUNDATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL, UNCERTAIN TAX POSITIONS. TAX FILINGS FOR PERIODS ENDING DECEMBER 31, 2020 AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FOREIGN EXCHANGE LOSS -4,494. PART XI, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT RECOVERY 0 EUROPE PROGRAM SERVICES CULTURAL GRANTS & SCHOLARSHIPS 1265416 0 0 0 0 0 0 1265416 0 1265416 EUROPE CULTURAL GRANTS 822302 WIRE 0 HEERSINK FELLOWSHIPS EUROPE 1 8170 REUVERS FELLOWSHIPS EUROPE 3 110600 DEKKER/PADGET INTERNSHIPS EUROPE 36 258193 WDC INTERNSHIPS EUROPE 6 66150 0 0 0 0 0 0 PART I, LINE 2: NAF MONITORS GRANTS THROUGH REQUESTING REPORTS (I.E. GRANT REPORTS AND ANNUAL REPORTS) PAYMENT IS CONDITIONAL ON RECEIVING THESE REPORTS. NAF USES A GRANTS SYSTEM FOR COLLECTING THESE REPORTS. NAF BALL 896353 584460 311893 311893 NAF GALA 256096 188598 67498 67498 2 241473 123039 118434 118434 1393922 896097 497825 497825 497825 0 1 NEW YORK HISTORICAL SOCIETY 170 CENTRAL PARK WEST NEW YORK NY 10024 131624124 501 (C) (3) 10000 0 CULTURE GRANT MUSEUM OF THE CITY OF NEW YORK 1200 FIFTH AVENUE NEW YORK NY 10029 131624098 501 (C) (3) 10000 0 CULTURE GRANT ALBANY INSTITUTE OF HISTORY & ART 125 WASHINGTON AVENUE ALBANY NY 12210 141343061 501 (C) (3) 10000 0 CULTURE GRANT DUTCH NATIONAL BALLET AT JACOBS PILLOW 358 GEORGE CARTER ROAD BECKET MA 01223 046002993 501 (C) (3) 7000 0 CULTURE GRANT NEW YORK CITY CENTER INC 130 WEST 56TH STREET NEW YORK NY 10019 132867442 501 (C) (3) 7500 0 CULTURE GRANT 5 CULTURE PROGRAM GRANTS 6 18500 NAF BALL FELLOWSHIPS 8 118178 DEKKER/PADGET INTERNSHIPS 2 9281 PART I, LINE 2: NAF MONITORS GRANTS THROUGH REQUESTING REPORTS (I.E. GRANT REPORTS AND ANNUAL REPORTS) PAYMENT IS CONDITIONAL ON RECEIVING THESE REPORTS. NAF USES A GRANTS SYSTEM FOR COLLECTING THESE REPORTS. X X 0 0 0 0 0 0 0 0 0 WILLEMIJN KEIZER EXECUTIVE DIRECTOR 174593 0 0 0 0 0 5368 0 13133 0 193094 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 JAMES AND KURT DYKSTRA ARE COUSINS. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ELECT THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS ELECT THE EXECUTIVE COMMITTEE, AND CAN VOTE IF THERE IS A PROPOSAL TO AMEND OUR BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS ELECT THE EXECUTIVE COMMITTEE, AND CAN VOTE IF THERE IS A PROPOSAL TO AMEND OUR BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B FEDERAL FORM 990 IS PREPARED THROUGH A JOINT EFFORT OF MANAGEMENT AND THE TAX PROFESSIONALS. THE RETURN IS PRESENTED TO THE AUDIT COMMITTEE AND THE EXECUTIVE COMMITTEE FOR THEIR REVIEW AND APPROVAL. QUESTIONS/COMMENTS ARE ADDRESSED TO BOTH MANAGEMENT AND THE TAX PROFESSIONALS AND CLARIFIED/RESOLVED. A FINAL COPY IS PROVIDED TO THE BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A "BOARD APPROVED" CONFLICTS OF INTEREST POLICY. EACH BOARD MEMBER MUST FILL OUT AN ANNUAL DECLARATION STATING THEY HAD NO CONFLICTS OR IDENTIFYING THE NATURE OF THEIR INTERESTED PARTY TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15A EACH YEAR, THE EXECUTIVE COMMITTEE REVIEWS COMPARABLE SALARIES BASED ON A RECOGNIZED STUDY AND REVIEWS THE PERFORMANCE OF THE EXECUTIVE DIRECTOR TO DETERMINE IF THE EXISTING SALARY FALLS WITHIN THESE RANGES. AFTER DELIBERATION OF THIS MATTER, A PROPOSED SALARY AND BENEFIT PACKAGE IS VOTED ON. THE MINUTES OF THE BOARD OF DIRECTORS REFLECT THE NATURE OF THIS PROCESS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ON WEBSITE AND ON THE WEBSITES OF CHARITY NAVIGATOR AND GUIDESTAR. FORM 990, PART XI, LINE 9: FOREIGN EXCHANGE LOSS -4,494.