ROMANIAN-AMERICAN FOUNDATION Charity Report

Tax-exempt status may be revoked

ROMANIAN-AMERICAN FOUNDATION

EIN 27-1095214 · International Development (Q30)

What they do

to STRENGTHEN and PROMOTE CONDITIONS for A SUSTAINABLE MARKET ECONOMY and A DEMOCRATIC SOCIETY THAT PROVIDES ACCESS to OPPORTUNITY for ALL SEGMENTS of THE ROMANIAN SOCIETY.

Before you give

Should I give to this charity?

Easy charity check

Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2016The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders15 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

70.18%of revenue went to mission work89.1% of expenses · Program services

$207.87spent for every $100 of revenueSpending was higher than revenue this year.

8.59%of revenue went to management and office costs10.9% of expenses

$31.32in assets for every $1 spent this yearSome assets cannot be spent right away.

46.5%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $2,483,429 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $62,711 for ROXANA VITAN (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2016

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$6,076,118

Mission workProgram services$4,263,95770.18% of revenue89.1% of expenses

ManagementOffice and general costs$521,7928.59% of revenue10.9% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$1,290,36921.24% of revenueShown in gray on the chart

Total expenses$4,785,74978.76% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Money in and money out

Revenue$2,302,320

Expenses$4,785,749

Annual shortfall $2,483,429 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$4,263,957 · 89.1% of expenses

Management and office costs$521,792 · 10.9% of expenses

See all reported dollar amounts

Revenue$2,302,320

Expenses$4,785,749

Assets$149,900,514

Income$100,277,047

Contributions$1,070,552

Mission work (program services)$4,263,957

Management and general$521,792

Executive compensation (total)$125,977

Stocks and bonds$92,979,651

Accounting fees$40,348

Investing fees$270,026

People

Leadership and board

Tax year 2016

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ROXANA VITANPRESIDENT · 40 hrs/week $62,711

BOGDAN GIURGINCATREASURER AND CFO · 40 hrs/week $60,411

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (15)

ROXANA VITANPRESIDENT

BOGDAN GIURGINCATREASURER AND CFO

WILLIAM B BEEKMAN ESQTRUSTEE

ADRIAN IONESCUTRUSTEE

ANNE BUSQUETTRUSTEE

ARTHUR HICKOKCORPORATE SECRETARY

CARMEN RETEGANTRUSTEE

EMILY GRANDASST. CORPORATE SECRETARY

HILDY SIMMONSTRUSTEE

IONUT SIMIONTRUSTEE

MICHAEL RUBINGERTRUSTEE

MIHAI TUDORVICE CHAIR

MIKE GEIGERTRUSTEE

PHILIP HENDERSONCHAIRMAN

TMILLS KELLYTRUSTEE

About this charity

Recognized since: January 2024
Location: 31 W 34TH ST STE 7010 7TH FLR, NEW YORK, NY 10001-3009
County: New York
In care of: % GHS PHILANTHROPY MGMT

How to reach them

WebsiteVisit the charity’s website Phone(212) 812-4362

Filing and classification

Latest tax year: 2016
Tax period began: January 1, 2016
Tax preparer: CITRIN COOPERMAN & COMPANY LLP
NTEE classification: International Development (Q30)
IRS tax category: Private Grantmaking Foundations
Revocation date: May 15, 2023