2024-11-15T16:18:15-06:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2023-01-01 204854895 AMERICAN FRIENDS OF BUCERIUS INC AMER 2122109471 CO ALSTON AND BIRD 90 PARK AVENUE NEW YORK NY 10016 KARL GEERCKEN PRESIDENT & TREASURER 2122109471 2024-11-15 1 1 EVA MRUK P00543254 2122862600 2024-11-11 2023 2024-10-15 13:58:12Z KARL GEERCKEN C/O ALSTON AND BIRD 90 PARK AVENUE NEW YORK NY 10016 110724 0 X WWW.BUCERIUSUSA.ORG X 2006 DE TO ADVANCE INTERNATIONAL EDUCATION, PROMOTING DIALOGUE ACROSS LAW AND BUSINESS DISCIPLINES AND STRENGTHENING THE COOPERATION AND UNDERSTANDING BETWEEN GERMANY AND THE UNITED STATES. 6 6 0 6 0 0 14307 0 0 0 40448 19312 0 0 54755 19312 25000 32000 0 0 0 0 0 0 1068 20367 20628 45367 52628 9388 -33316 649713 662882 0 0 649713 662882 TO ADVANCE INTERNATIONAL EDUCATION, PROMOTING DIALOGUE ACROSS LAW AND BUSINESS DISCIPLINES AND STRENGTHENING THE COOPERATION AND UNDERSTANDING BETWEEN GERMANY AND THE UNITED STATES. 0 0 33434 32000 0 THE ORGANIZATION ESPECIALLY FOCUSES ON EVALUATING CANDIDATES FOR POTENTIAL SCHOLARSHIPS IN AN EFFORT TO PROMOTE THE ACTIVITIES OF THE ZEITSTIFTUNG AND THE BUCERIUS LAW SCHOOL. THE ORGANIZATION ESPECIALLY FOCUSES ON EVALUATING CANDIDATES FOR POTENTIAL SCHOLARSHIPS IN AN EFFORT TO PROMOTE THE ACTIVITIES OF THE ZEITSTIFTUNG AND THE BUCERIUS LAW SCHOOL. IN 2023, THE ORGANIZATION GRANTED $32,000 IN HEIDSIECK SCHOLARSHIPS FOR 8 SCHOLARSHIP RECIPIENTS TO THE ZEIT STIFTUNG. THE ORGANIZATION CONTINUED TO REVIEW AND MANAGE THE PROCESS OF EVALUATING POTENTIAL SCHOLARSHIP RECIPIENTS AND EVALUATED AND SOUGHT FUNDING FOR SCHOLARSHIP PROGRAMS. 33434 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 0 0 0 0 NY X X KARL GEERCKEN 2122109471 C/O ALSTON AND BIRD 90 PARK AVENUE NEW YORK NY 10016 X KARL GEERCKEN PRESIDENT & TREASURER 3.50 X X 0 0 0 DAVID W DETJEN CO-CHAIR & SECRETARY 1.00 X X 0 0 0 JAMES J HANKS JR CO-CHAIR 1.00 X X 0 0 0 MANUEL HARTUNG DIRECTOR 1.00 X 0 0 0 NINA LEMMENS DIRECTOR 1.00 X 0 0 0 WOLFGANG F STURM DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 20260 20260 90464 91412 -948 -948 -948 19312 0 0 19312 32000 32000 12720 12720 3624 3624 653 653 612 428 123 61 3019 1006 1006 1007 52628 33434 18126 1068 70644 27143 1207 1208 577007 633676 855 855 649713 662882 0 0 X -9189 -43400 658902 706282 649713 662882 649713 662882 -33316 46485 0 X 1 X 0 0 0 X 65314 1975 16947 14307 0 98543 65314 1975 16947 14307 0 98543 84071 14472 21757 35053 10159 31749 20260 118978 1024 1024 218545 0.06620 0.33730 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: REIMBURSEMENT - 2019 AMOUNT: $ 24. OTHER INCOME - 2019 AMOUNT: $ 1,000. 623177 79380 32000 670557 770356 -122179 25000 623177 770223 28133 28000 770356 713464 81841 25082 770223 638705 74759 713464 0.00000 0.99768 0.00232 0 0 0 X PART V, LINE 4: ALL INVESTMENT INCOME FROM THE ENDOWMENT FUND IS TO BE SPENT FOR CHARITABLE PURPOSES OF THE ORGANIZATION. 2023 ENDOWMENT FUNDS ACTIVITY: $17,207 OF THE AMOUNT REPORTED AS 2023 INVESTMENT EARNINGS OR LOSSES RESULTS FROM A CHANGE IN PRESENTATION OF THE AUDITED FINANCIAL STATEMENTS ENDOWMENT FOOTNOTE IN 2023. IN COLUMN (A), THE ADJUSTMENT IS INCLUDED IN TOTAL CONTRIBUTIONS. PART X, LINE 2: U.S. GAAP REQUIRES THE ORGANIZATION'S MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. THE ORGANIZATION'S MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE EXAMINATIONS BY THE TAX AUTHORITIES; HOWEVER, THERE ARE CURRENTLY NO EXAMINATIONS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION'S MANAGEMENT BELIEVES THE TAX YEARS FROM 2020 TO 2023 ARE STILL SUBJECT TO TAX EXAMINATIONS. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 32000 0 0 0 0 0 0 32000 0 32000 HEIDSIECK SCHOLARSHIP EUROPE (INCLUDING ICELAND & GREENLAND) 8 32000 WIRE 0 0 0 0 0 0 PART I, LINE 2: AMERICAN FRIENDS OF BUCERIUS LAW SCHOOL PROVIDES GRANTS TO HUMANITIES STUDENTS SEEKING TO STUDY IN 2023. ALL FELLOWS ARE EXPECTED TO SUBMIT A WRITTEN REPORT AT THE END OF THEIR STUDIES, OUTLINING WHAT THEY HAVE LEARNED AND HOW THEY INTEND TO INCORPORATE THEIR NEWLY-GAINED KNOWLEDGE INTO THEIR FUTURE CAREERS. PART I, LINE 3: THE ORGANIZATION USES THE ACCRUAL METHOD OF ACCOUNTING TO ACCOUNT FOR EXPENDITURES. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE CURRENTLY NO COMMITTEES THAT ARE MADE UP OF BOARD MEMBERS. THE FULL BOARD OF DIRECTORS OVERSEES ALL AREAS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B AN ELECTRONIC COPY OF THE FORM 990 IS SENT TO THE ORGANIZATION'S BOARD OF DIRECTORS, AND IS SUBJECT TO REVIEW BY THE PRESIDENT OF THE ORGANIZATION. UPON APPROVAL OF THE FORM 990, THE PRESIDENT AUTHORIZES ITS ACCOUNTING FIRM TO FILE THE TAX RETURN WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY THAT APPLIES TO ANY DIRECTOR, OFFICER, OR KEY EMPLOYEE, WHICH IT ANNUALLY MONITORS AND ENFORCES. THE BOARD MANDATES THAT ALL MEMBERS OF THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST STATEMENT AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. ANY DIRECTOR, OFFICER OR KEY EMPLOYEE WHO HAS AN INTEREST IN A RELATED PARTY TRANSACTION SHALL DISCLOSE IN GOOD FAITH TO THE BOARD OF DIRECTORS THE MATERIAL FACTS CONCERNING SUCH INTEREST. INDIVIDUALS WITH SUCH RELATIONSHIPS MUST NOT BE PRESENT DURING, OR PARTICIPATE IN, ANY BOARD DELIBERATIONS OR VOTE ON ANY MATTERS GIVING RISE TO THE CONFLICT, OR POTENTIAL CONFLICT, OF INTEREST, INCLUDING, BUT NOT LIMITED TO, MATTERS DIRECTLY PERTAINING TO THE BUSINESS TO BE TRANSACTED WITH THE IDENTIFIED PERSON OR ORGANIZATION OR ON ISSUES THAT MAY RESULT IN ANY BENEFIT INURING TO THE IDENTIFIED PERSON OR ORGANIZATION. THE EXISTENCE OF ALL SUCH CONFLICTS OF INTEREST AND THEIR RESOLUTION, AS WELL AS ANY ISSUES RELATING TO THEM, IS DOCUMENTED IN THE ORGANIZATION'S RECORDS, INCLUDING THE MINUTES OF ANY MEETING AT WHICH THE CONFLICT WAS DISCUSSED OR VOTED ON. ANY AND ALL DOCUMENTATION DEEMED NECESSARY AND APPROPRIATE BY THE BOARD FOR THE SUFFICIENT EVALUATION AND RESOLUTION OF THE CONFLICT OR POTENTIAL CONFLICT SHALL BE SUBMITTED TO THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.