Romanian American Investment Foundation

New York, NY
EIN: 52-1889172

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This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Revenue

$67.9k (2018)

Expenses

$1.3M (2018)

Total Assets

$0 (2018)

Total Liabilities

$0 (2018)

Source: Form 990 tax filings from 2011 to 2018

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Sept.
2018

Revenue

$67,911

Expenses

$1,297,293

Net Income

-$1,229,382

Net Assets

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$67,911	100%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$0
Total Liabilities	$0
Net Assets	$0

Compensation

Key Employees and Officers	Compensation	Related	Other
Philip Henderson (Chairman President)	$0	$0	$0
Mihai Tudor (Vice Chair)	$0	$0	$0
Mike Geiger (Trustee)	$0	$0	$0
T Mills Kelly (Trustee)	$0	$0	$0
Adrian Ionescu (Trustee)	$0	$0	$0
Carmen Retegan (Trustee)	$0	$0	$0
Ida Fs Schmertz (Trustee)	$0	$0	$0
Ionut Simion (Trustee)	$0	$0	$0
Hildy Simmons (Trustee)	$0	$0	$0
Bogdan Giurginca (Treasurer)	$0	$60,206	$0
Arthur Hickok (Corporate Secretary)	$0	$0	$0
Emily Grand (Asst. Corporate Secretary)	$0	$0	$0

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990

Filed on March 1, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2017

Revenue

$7,781

Expenses

$48,829

Net Income

-$41,048

Net Assets

$1,200,356

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$7,781	100%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,211,458
Total Liabilities	$11,102
Net Assets	$1,200,356

Compensation

Key Employees and Officers	Compensation	Related	Other
Philip Henderson (Chairman President)	$0	$0	$0
Mihai Tudor (Vice Chair)	$0	$0	$0
William B Beekman Esq (Trustee)	$0	$0	$0
Anne Busquet (Trustee)	$0	$0	$0
Mike Geiger (Trustee)	$0	$0	$0
T Mills Kelly (Trustee)	$0	$0	$0
Michael Rubinger (Trustee)	$0	$0	$0
Adrian Ionescu (Trustee)	$0	$0	$0
Carmen Retegan (Trustee)	$0	$0	$0
Ida Fs Schmertz (Trustee)	$0	$0	$0
Ionut Simion (Trustee)	$0	$0	$0
Hildy Simmons (Trustee)	$0	$0	$0
Bogdan Giurginca (Treasurer)	$0	$60,206	$0
Arthur Hickok (Corporate Secretary)	$0	$0	$0
Emily Grand (Asst. Corporate Secretary)	$0	$0	$0

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990

Filed on July 26, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2016

Revenue

-$18,353

Expenses

$20,049,733

Net Income

-$20,068,086

Net Assets

$1,203,960

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$8,040
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$26,393
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,247,387
Total Liabilities	$43,427
Net Assets	$1,203,960

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Philip Henderson (Chairman President)	$0	$0	$0
Mihai Tudor (Vice Chair)	$0	$0	$0
William B Beekman Esq (Trustee)	$0	$0	$0
Anne Busquet (Trustee)	$0	$0	$0
Mike Geiger (Trustee)	$0	$0	$0
Mills T Kelly (Trustee)	$0	$0	$0
Mircea Miclea (Trustee)	$0	$0	$0
Adrian Ionescu (Trustee)	$0	$0	$0
Carmen Retegan (Trustee)	$0	$0	$0
Ida Fs Schmertz (Trustee)	$0	$0	$0
Ionut Simion (Trustee)	$0	$0	$0
Hildy Simmons (Trustee)	$0	$0	$0
Bogdan Giurginca (Treasurer)	$0	$60,744	$0
Arthur Hickok (Corporate Secretary)	$0	$0	$0
Emily Grand (Asst. Corporate Secretary)	$0	$0	$0

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990

Filed on Aug. 15, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2015

Revenue

-$1,213,828

Expenses

$38,430,941

Net Income

-$39,644,769

Net Assets

$21,135,406

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$34,792
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$1,248,620
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$22,675,872
Total Liabilities	$1,540,466
Net Assets	$21,135,406

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
I John Klipper (Former President)	$214,331	$0	$11,310
Bogdan Giurginca (Treasurer)	$109,486	$60,851	$0
Phillip Henderson (Chairman President)	$0	$0	$0
Mihai Tudor (Vice Chair)	$0	$0	$0
William B Beekman Esq (Trustee)	$0	$0	$0
Anne Busquet (Trustee)	$0	$0	$0
Mike Geiger (Trustee)	$0	$0	$0
T Mills Kelly (Trustee)	$0	$0	$0
Mircea Miclea (Trustee)	$0	$0	$0
Carmen Retegan (Trustee)	$0	$0	$0
Ida Fs Schmertz (Trustee)	$0	$0	$0
Ionut Simion (Trustee)	$0	$0	$0
Hildy Simmons (Trustee)	$0	$0	$0
Arthur Hickok (Corporate Secretary)	$0	$0	$0
Emily Grand (Asst. Corporate Secretary)	$0	$0	$0

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990

Filed on Aug. 11, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2014

Revenue

$103,317

Expenses

$16,942,895

Net Income

-$16,839,578

Net Assets

$65,243,712

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$293,745	> 100%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$190,428
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$86,320	0.5%

Assets/Debt
Total Assets	$65,305,084
Total Liabilities	$61,372
Net Assets	$65,243,712

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2013

Revenue

$8,303,368

Expenses

$1,980,432

Net Income

$6,322,936

Net Assets

$81,239,548

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$7,964,866	95.9%
Investment Income	$338,502	4.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$243,782	12.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$102,478	5.2%

Assets/Debt
Total Assets	$81,534,012
Total Liabilities	$294,464
Net Assets	$81,239,548

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2012

Revenue

-$6,998,831

Expenses

$2,002,628

Net Income

-$9,001,459

Net Assets

$74,917,057

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	-$7,567,846
Investment Income	$569,015
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$239,887	12.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$109,581	5.5%

Assets/Debt
Total Assets	$75,073,829
Total Liabilities	$156,772
Net Assets	$74,917,057

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2011

Revenue

$1,339,750

Expenses

$2,174,406

Net Income

-$834,656

Net Assets

$84,478,877

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	-$2,148,954
Investment Income	$3,488,704	> 100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$239,755	11.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$138,934	6.4%

Assets/Debt
Total Assets	$84,600,405
Total Liabilities	$121,528
Net Assets	$84,478,877

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Updated March 23, 2026

Romanian American Investment Foundation

Organization summary

Organization summary might be incomplete or out of date

Type of Nonprofit

Summary charts: organization finances over time

Revenue $67.9k (2018)

Expenses $1.3M (2018)

Total Assets $0 (2018)

Total Liabilities $0 (2018)

Tax Filings by Year

Fiscal Year Ending Sept. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Sept. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Sept. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2010

No Extracted Financial Data

Document Links

990

Fiscal Year Ending Sept. 2009

No Extracted Financial Data

Document Links

990

Fiscal Year Ending Sept. 2008

No Extracted Financial Data

Document Links

990

Fiscal Year Ending Sept. 2007

No Extracted Financial Data

Document Links

990

Fiscal Year Ending Sept. 2006

No Extracted Financial Data

Document Links

990

Fiscal Year Ending Sept. 2005

No Extracted Financial Data

Document Links

990

Revenue

$67.9k (2018)

Expenses

$1.3M (2018)

Total Assets

$0 (2018)

Total Liabilities

$0 (2018)

Fiscal Year Ending Sept.
2018

Fiscal Year Ending Sept.
2017

Fiscal Year Ending Sept.
2016

Fiscal Year Ending Sept.
2015

Fiscal Year Ending Sept.
2014

Fiscal Year Ending Sept.
2013

Fiscal Year Ending Sept.
2012

Fiscal Year Ending Sept.
2011

Fiscal Year Ending Sept.
2010

Fiscal Year Ending Sept.
2009

Fiscal Year Ending Sept.
2008

Fiscal Year Ending Sept.
2007

Fiscal Year Ending Sept.
2006

Fiscal Year Ending Sept.
2005

Fiscal Year Ending Sept.
2004

Fiscal Year Ending Sept.
2003

Fiscal Year Ending Sept.
2002

Fiscal Year Ending Sept.
2001