Romanian-american Investment Foundation

Organization summary

Organization summary might be incomplete or out of date

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 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.

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. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Organizations with gross receipts of less than $50,000 can file the form 990-N postcard filing, which doesn’t include financial details. All Form 990 data is from the IRS.

Fiscal Year Ending Sept.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$67,911
Expenses
$1,297,293
Net Income
-$1,229,382
Net Assets
$0
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

Document Links

Fiscal Year Ending Sept.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
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

Document Links

Fiscal Year Ending Sept.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
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
Other
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

Document Links

Fiscal Year Ending Sept.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
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
Other
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

Document Links

Fiscal Year Ending Sept.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
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

Document Links

Fiscal Year Ending Sept.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
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

Document Links

Fiscal Year Ending Sept.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
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

Document Links

Fiscal Year Ending Sept.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
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

Document Links

Fiscal Year Ending Sept.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

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 financial information from tax returns processed by the IRS since the 2012 calendar years, as well as data extracted from digital filings. IRS summary data also includes limited 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 for 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.

Which Organizations Are Here?

Most organizations that have been recognized as tax exempt by the IRS have to file the 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 the 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," which does not contain financial details. Churches are not required to file Form 990.

Nonprofit Explorer has organizations that are claiming tax exemption in any of the 27 subsections of the 501(c) section of the tax code. Taxable trusts and private foundations that are required to file a form 990PF are also included.

Types of Nonprofits

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

Get the Data

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

  • Raw filing data. Includes Employer Identification Numbers 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.
  • 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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