Nonprofit · EIN 45-4295316
FRENCH-AMERICAN CHAMBER OF COMMERCE FOUNDATION
Tax-exempt · NEW YORK, NY 10010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $185,988 | $168,575 | $17,413 | $1,162,472 | $40,951 | $1,121,521 |
| December 31, 2023 | 990 | $107,669 | $161,263 | -$53,594 | $1,107,330 | $16,450 | $1,090,880 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $171,852
- Program service revenue
- $0
- Investment income
- $74,363
- Net gain from sales of assets
- $44,073
- Net income from fundraising events
- -$60,227
- Other revenue
- -$60,227
Expenses
- Grants and similar amounts paid
- $100,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,500
- Program services (functional)
- $100,000
- Management and general (functional)
- $68,575
Balance sheet and other
- Total assets, start of year
- $1,107,330
- Total assets, end of year
- $1,162,472
- Total liabilities, end of year
- $40,951
- Net assets, end of year
- $1,121,521
- Publicly traded securities
- $1,096,365
- Net assets without donor restrictions
- $1,121,521
- Gross receipts
- $535,068
- Employees
- 0
- Volunteers
- 15
- Year formed
- 2012
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELSA BERRY | PRESIDENT Trustee or director, Officer | 5 | $0 |
| STEPHEN DREYFUSS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| MICHAEL ELKIN | SECRETARY Trustee or director, Officer | 1 | $0 |
| PIERRE-MARIE LAGNAUD | TREASURER Trustee or director, Officer | 1 | $0 |
| CHRISTOPHER KENDE | DIRECTOR Trustee or director | 1 | $0 |
| MICHEL BROGARD | DIRECTOR Trustee or director | 1 | $0 |
| MARC SOMNOLET | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELSA BERRY | PRESIDENT Trustee or director, Officer | 5 | $0 |
| STEPHEN DREYFUSS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| MICHAEL ELKIN | SECRETARY Trustee or director, Officer | 1 | $0 |
| PIERRE-MARIE LAGNAUD | TREASURER Trustee or director, Officer | 1 | $0 |
| CHRISTOPHER KENDE | DIRECTOR Trustee or director | 1 | $0 |
| MICHEL BROGARD | DIRECTOR Trustee or director | 1 | $0 |
| MARC SOMNOLET | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 36 W 25TH ST FL 12, NEW YORK, NY 10010-2750
- Principal officer (990 for 2024)
- STEPHANIE NALLET, 33 W 46TH STREET 800, NEW YORK, NY 10018
- Signed the 990
- STEPHANIE NALLET, FINANCE DIRECTOR
- Phone
- (212) 867-0205
- Website
- WWW.FACCNYC.ORG
- Return prepared by
- GRASSI & CO CPA'S PC
Mission
FRENCH-AMERICAN CHAMBER OF COMMERCE FOUNDATION (THE "FOUNDATION") MISSION IS TO EDUCATE AND INFORM FRENCH AND AMERICAN PERSONS ABOUT DIFFERENT CULTURES AND THE OVERSEAS EXPERIENCE, PROMOTE CROSS-CULTURAL DIALOGUE AND COMMUNICATIONS, IMPROVE FOREIGN LANGUAGE SKILLS, AND TO ENGAGE IN OTHER CHARTIABLE AND EDUCATIONAL PURPOSES.
Program accomplishments
- SCHOLARSHIPS: SPONSOR THE EDUCATION OF THE NEXT GENERATION OF TRANSATLANTIC BUSINESS LEADERS. THE PATRONAGE IS DONE THROUGH THE HIGHLY SELECTIVE "SERGE BELLANGER FRENCH AMERICAN BUSINESS SCHOLARSHIP PROGRAM,". THE FACC FOUNDATION PROVIDES FINANCIAL SUPPORT TO FRENCH STUDENTS SEEKING TO PURSUE AN MBA IN THE U.S., AND TO AMERICAN STUDENTS WHO WISH TO PURSUE A MASTER'S DEGREE OR A MASTRE SPECIALIS IN A BUSINESS-RELATED DISCIPLINE IN FRANCE.Expenses $100,000 · grants $100,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-4295316
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $1,162,472
- Income (IRS master file)
- $535,068
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $185,988 | $168,575 | $1,162,472 | IRS |
| 990 | December 2023 | $107,669 | $161,263 | $1,107,330 | XML |
| 990 | December 2022 | $124,837 | $152,166 | $1,065,705 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-4295316).
Questions about FRENCH-AMERICAN CHAMBER OF COMMERCE FOUNDATION
- What is the EIN of FRENCH-AMERICAN CHAMBER OF COMMERCE FOUNDATION?
- The employer identification number (EIN) of FRENCH-AMERICAN CHAMBER OF COMMERCE FOUNDATION is 45-4295316.
- Is FRENCH-AMERICAN CHAMBER OF COMMERCE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to FRENCH-AMERICAN CHAMBER OF COMMERCE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRENCH-AMERICAN CHAMBER OF COMMERCE FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRENCH-AMERICAN CHAMBER OF COMMERCE FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRENCH-AMERICAN CHAMBER OF COMMERCE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FRENCH-AMERICAN CHAMBER OF COMMERCE FOUNDATION?
- The 990 for the year ended December 31, 2024 names STEPHANIE NALLET.
- Who are the officers and directors of FRENCH-AMERICAN CHAMBER OF COMMERCE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does FRENCH-AMERICAN CHAMBER OF COMMERCE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $185,988, expenses of $168,575 and total assets of $1,162,472 at year end.
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