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French-American Chamber Of Commerce Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 454295316 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is French-American Chamber Of Commerce Foundation?

The French-American Chamber of Commerce Foundation, established in New York City, serves to cultivate understanding between French and American individuals. Its primary objective is to foster cross-cultural dialogue and communication, enriching both cultures through educational initiatives. The foundation aims to enhance foreign language skills, promoting cultural exchange and engaging in various charitable and educational endeavors. By doing so, it contributes to fostering a deeper appreciation of diverse cultures and experiences, thereby enriching the global community.


Official website here: www.faccnyc.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 88% (Three-Star out of Four Star rating)

The French-American Chamber of Commerce Foundation has received a solid rating of 88%, which highlights its strong performance in accountability and finance. The organization boasts a fully independent board, scoring the maximum points for both board member independence and size. Additionally, there are no reported incidents of material asset diversion, further underscoring its fiscal integrity.

The foundation demonstrates transparency and governance by having essential policies in place, such as conflict of interest and whistleblower policies, both of which also received top scores. Its financial management is showcased by a low liabilities to assets ratio of 1.19%, and a program expense ratio of 68.48%, indicating a significant portion of its budget is directed towards mission-related activities.

However, while the organization exhibits strong governance and financial practices, potential donors and stakeholders may want to consider further details about the specific programs and initiatives it supports, as well as the impact of its activities within the community it serves. Overall, the French-American Chamber of Commerce Foundation appears to operate effectively with a commitment to transparency and responsible financial stewardship.


This AI summary has been generated from information found on Charity Navigator.

Is French-American Chamber Of Commerce Foundation legitimate?

French-American Chamber Of Commerce Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. French-American Chamber Of Commerce Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.faccnyc.org

What is the mission statement of French-American Chamber Of Commerce Foundation?

The French-American Chamber of Commerce Foundation's mission is centered around educating and informing both French and American individuals about various cultures and the overseas experience. The organization promotes cross-cultural dialogue and communications, striving to improve foreign language skills. Furthermore, the foundation engages in charitable and educational purposes beyond these specific aims.


Official website here: www.faccnyc.org

What is the revenue of French-American Chamber Of Commerce Foundation?

French-American Chamber Of Commerce Foundation's revenue in 2023 was $107,669.


Official website here: www.faccnyc.org

Who are the executives of French-American Chamber Of Commerce Foundation and what are their salaries?

There 9 volunteers at French-American Chamber Of Commerce Foundation.

Here are 7 key members and their salaries:


Elsa Berry (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Dreyfuss (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Elkin (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pierre-Marie Lagnaud (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Kende (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michel Brogard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marc Somnolet (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.faccnyc.org

Where can I find the form 990 for French-American Chamber Of Commerce Foundation?

French-American Chamber Of Commerce Foundation's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.faccnyc.org

Learn more at the official website: www.faccnyc.org

Mission Statement of French-American Chamber Of Commerce Foundation

The French-American Chamber of Commerce Foundation, often referred to as the Foundation, is an organization with a mission to educate and inform both French and American individuals about various cultures and the overseas experience. This nonprofit entity promotes cross-cultural dialogue and communications, aiming to bridge the cultural gap between the two nations. Furthermore, the Foundation strives to improve foreign language skills and engages in various charitable and educational purposes. By doing so, it encourages understanding and collaboration between France and the United States.

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Impact




October, 2024

The French-American Chamber of Commerce Foundation has made a significant impact by fostering understanding and collaboration between French and American communities. Its mission to educate individuals about diverse cultures and the overseas experience promotes cross-cultural dialogue, enhancing communication and relationships across borders.

By focusing on improving foreign language skills, the foundation equips participants with the tools necessary to engage meaningfully with different cultures, thereby breaking down barriers and building a more inclusive society. The foundation’s initiatives serve not just to inform but also to enrich the educational experiences of those involved, facilitating a deeper appreciation of cultural nuances.

Through its programs, the foundation fosters a sense of community among participants, encouraging exchanges that highlight the shared values and unique perspectives of both French and American cultures. This impactful work not only benefits individuals but also contributes to broader societal understanding, making a profound difference in how cultures interact in an increasingly globalized world.




This information is meant to be a general summary of French-American Chamber Of Commerce Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$107,669 (2023)
Expenses
$161,263 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $26,755
  • Gross Receipts: $419,610

Assets and Liabilities:

  • Total Assets: $1,065,705
  • Total Liabilities: $12,745
  • Net Assets: $1,052,960

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Organization Details

Founding Year

2012

Principal Officer

Pierre-Marie Lagnaud

NTEE Category

Code: B82 - Education

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