FRENCH-AMERICAN CHAMBER OF COMMERCE FOUNDATION

EIN: 454295316 501(c)(3) Education

NEW YORK, NY

Total Revenue
$107,669
Total Expenses
$161,263
Total Assets
$1,107,330
Net Assets
$1,090,880
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
DE
Principal Officer
PIERRE-MARIE LAGNAUD
Phone
2128670205
Tax Period
2023-01-01 to 2023-12-31

FRENCH-AMERICAN CHAMBER OF COMMERCE FOUNDATION, founded in 2012, is a small nonprofit in the Education sector that reported $108K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $161K exceeded revenue, resulting in a 50% operating deficit.

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $85,472
Program Service Revenue $0
Investment Income $33,189
Other Revenue $-10,992
TOTAL REVENUE $107,669

Expense Breakdown

Grants Paid $100,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $100,000
Other Expenses $61,263
TOTAL EXPENSES $161,263

Year-over-Year Comparison

2023 2022 Change
Revenue $107,669 $124,837 -0.1%
Expenses $161,263 $152,166 +0.1%
Net Income $-53,594 $-27,329 +1.0%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
9

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELSA BERRY PRESIDENT 5.00
Officer Director
$0 $0 $0
STEPHEN DREYFUSS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MICHAEL ELKIN SECRETARY 1.00
Officer Director
$0 $0 $0
PIERRE-MARIE LAGNAUD TREASURER 1.00
Officer Director
$0 $0 $0
CHRISTOPHER KENDE DIRECTOR 1.00
Director
$0 $0 $0
MICHEL BROGARD DIRECTOR 1.00
Director
$0 $0 $0
MARC SOMNOLET DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $107,669 $161,263 $1,107,330 $-53,594
2022 $124,837 $152,166 $1,065,705 $-27,329
2021 $64,268 $20,696 $1,237,430 $43,572
2020 $506,768 $148,320 $1,156,356 $358,448
2019 $677,950 $141,454 $753,000 $536,496
2018 $157,402 $214,498 $253,731 $-57,096
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