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The American Austrian Foundation

New York, NY   |  www.aaf-online.org
GuideStar Charity Check

The American Austrian Foundation

EIN: 13-3275103


Mission

The American Austrian Foundation is a non-profit, non-governmental organization that seeks to bridge the knowledge gap by providing qualified individuals with fellowships to pursue postgraduate education in medicine, media, and the arts. The AAF's programs, initially bilateral exchanges, have grown to include participants from more than 130 countries worldwide, as we extend our mission to include participants from other parts of the world. The AAF conducts its own programs and oversees joint programs with American, Austrian, and international organizations. To facilitate the operation of programs in Austria, the AAF founded The Salzburg Stiftung of the AAF in 1995 and the Vienna Chapter of the AAF in 2002.

Ruling year info

1985

Executive Director

Mrs. Katharine Eltz-Aulitzky

Medical Director

Wolfgang Aulitzky , MD

Main address

208 East 51st Street, Box 302

New York, NY 10022-6557 USA

Show more contact info

EIN

13-3275103

Subject area info

Cultural awareness

Graduate and professional education

Goodwill promotion

Population served info

Adults

NTEE code info

Management & Technical Assistance (E02)

Management & Technical Assistance (A02)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Open Medical Institute (OMI)

The Open Medical Institute (OMI) is a global education initiative founded in 1993 by physicians from Weill Medical College of Cornell University, The Open Society Foundations and The American Austrian Foundation to share medical knowledge with doctors from countries in transition, foster brain gain and prevent brain drain.  Physicians from leading US institutions, along with Austrian and European counterparts, teach a one-week seminar in a specific topic, reviewing new findings and best practices.

Population(s) Served
Adults

Each year, The AAF/Seebacher Prize for Fine Arts provides fine arts graduate students at American universities, or those who have completed their graduate studies within the past two years, fellowships to study at the International Summer Academy of Fine Arts Salzburg in Austria.

Founded in 1953 by Oskar Kokoschka, as The School of Vision, the International Summer Academy offers a unique working environment at the Hohensalzburg Fortress, situated on a hill overlooking the city. Fellows study with well-known and highly respected artists, curators, and art critics from around the world and immerse themselves in a European contemporary art scene, quite different from their U.S. academic environment.

The American Austrian Foundation has administered this program since 2000. It is funded through the generosity of AAF Board Member Gerhard Seebacher and his wife Angelika.

Population(s) Served
Young adults

The AAF/Faber Young Conductors Fellowship provides promising young conductors (age 30 or younger) from the United States the opportunity to spend up to four weeks at the Salzburg Festival observing the world’s leading conductors and artists at work during rehearsals and performances.

Fellows live at Schloss Arenberg, where they are also able to interact with members of the Vienna Philharmonic Orchestra, who are in residence at Schloss Arenberg during July and August.

The Salzburg Festival (“Salzburger Festspiele”) is the benchmark for all festivals worldwide and each year unique opera and concert productions bring together the world’s finest conductors, singers, and musicians.

The American Austrian Foundation has administered this program since 1998, with support from the Vienna Philharmonic Orchestra, The Salzburg Music Festival, and the Young Friends of the Salzburg Music Festival. It is funded through the generosity of AAF Treasurer and Trustee Karl Heinz Faber and his wife Edith

Population(s) Served
Young adults

The Salzburg Festival and the Vienna Philharmonic invite children and teenagers between the ages of 9 and 17 to apply for opera camps held at Schloss Arenberg, a 19th-century palace, during the Salzburg Music Festival.

In the inspiring atmosphere of the palace, the children create their unique version of an opera that is being performed at the Festival, by working with music educators, theatre professionals, stage designers, and dancers. Other highlights of the week include attending a dress rehearsal at the Festival as well as a backstage tour.

The final performance of the children’s production is open to the public on the last day of the camp.

The camps are organized by members of the Vienna Philharmonic Orchestra and TAKTIK and supported by the Salzburg Stiftung of the American Austrian Foundation, The Vienna Philharmonic Orchestra, and the Friends of the Salzburg Music Festival.

Population(s) Served
Adolescents
Children

Launched in 2001, the Milton Wolf Seminar Series addresses developing issues in diplomacy and journalism – both broadly defined. Guests include those working for state and multi-lateral organizations, journalists, representatives from media and internet companies, academics, and a select group of highly engaged graduate students whose studies relate to the seminar themes. The Milton Wolf Seminar Series particularly emphasizes the potential contribution of young and mid-career scholars, including a select group of outstanding graduate students selected each year to attend the seminar, held at the Diplomatic Academy of Vienna, as Emerging Scholar fellows.

Population(s) Served
Adults

Where we work

Financials

The American Austrian Foundation
Fiscal year: Jan 01 - Dec 31
Financial documents
2021 AAF Financial Statements December 31, 2021 and 2020
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2021 info

SOURCE: IRS Form 990

6.61

Average of 4.38 over 10 years

Months of cash in 2021 info

SOURCE: IRS Form 990

25.6

Average of 10.6 over 10 years

Fringe rate in 2021 info

SOURCE: IRS Form 990

5%

Average of 5% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

The American Austrian Foundation

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

The American Austrian Foundation

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

The American Austrian Foundation

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of The American Austrian Foundation’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2017 2018 2019 2020 2021
Unrestricted surplus (deficit) before depreciation $189,976 $191,235 -$170,884 $250,288 $397,673
As % of expenses 8.8% 9.2% -6.4% 16.9% 25.8%
Unrestricted surplus (deficit) after depreciation $189,490 $190,952 -$170,962 $249,978 $397,363
As % of expenses 8.8% 9.2% -6.4% 16.9% 25.7%
Revenue composition info
Total revenue (unrestricted & restricted) $2,141,683 $3,287,754 $2,890,732 $4,048,332 $2,731,291
Total revenue, % change over prior year -3.8% 53.5% -12.1% 40.0% -32.5%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 4.5% 2.9% 4.7% 3.2% 10.8%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 96.0% 97.4% 93.0% 96.8% 89.2%
Other revenue -0.5% -0.3% 2.3% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $2,155,396 $2,069,625 $2,683,606 $1,481,501 $1,543,147
Total expenses, % change over prior year 10.2% -4.0% 29.7% -44.8% 4.2%
Personnel 18.8% 19.3% 14.3% 25.4% 24.3%
Professional fees 1.0% 1.0% 1.3% 2.2% 2.1%
Occupancy 0.0% 0.0% 1.6% 0.0% 0.0%
Interest 0.0% 0.0% 0.0% 0.1% 0.0%
Pass-through 43.6% 42.1% 55.3% 57.4% 52.8%
All other expenses 36.6% 37.5% 27.6% 14.9% 20.7%
Full cost components (estimated) info 2017 2018 2019 2020 2021
Total expenses (after depreciation) $2,155,882 $2,069,908 $2,683,684 $1,481,811 $1,543,457
One month of savings $179,616 $172,469 $223,634 $123,458 $128,596
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $1,550 $0 $0
Total full costs (estimated) $2,335,498 $2,242,377 $2,908,868 $1,605,269 $1,672,053

Capital structure indicators

Liquidity info 2017 2018 2019 2020 2021
Months of cash 3.7 5.1 6.0 24.6 25.6
Months of cash and investments 17.4 18.0 24.0 58.2 66.4
Months of estimated liquid unrestricted net assets 3.5 4.8 2.9 7.3 10.1
Balance sheet composition info 2017 2018 2019 2020 2021
Cash $670,597 $871,053 $1,341,363 $3,038,946 $3,293,363
Investments $2,452,957 $2,235,440 $4,027,661 $4,144,381 $5,240,608
Receivables $435,981 $1,413,885 $179,054 $1,566,657 $1,075,450
Gross land, buildings, equipment (LBE) $4,747 $4,747 $1,550 $1,550 $1,550
Accumulated depreciation (as a % of LBE) 94.0% 100.0% 5.0% 25.0% 45.0%
Liabilities (as a % of assets) 15.3% 9.8% 18.4% 17.6% 12.8%
Unrestricted net assets $631,138 $822,090 $651,128 $901,106 $1,298,469
Temporarily restricted net assets $2,818,812 $3,713,415 N/A N/A N/A
Permanently restricted net assets $0 $0 N/A N/A N/A
Total restricted net assets $2,818,812 $3,713,415 $4,286,568 $6,718,649 $7,526,315
Total net assets $3,449,950 $4,535,505 $4,937,696 $7,619,755 $8,824,784

Key data checks

Key data checks info 2017 2018 2019 2020 2021
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Executive Director

Mrs. Katharine Eltz-Aulitzky

Katharine Eltz-Aulitzky is the Executive Director of The American Austrian Foundation (AAF). The AAF has offices in New York, Vienna and Salzburg. She oversees the AAF's programs in medicine, media and the arts, and is responsible for fundraising and program content.

Medical Director

Wolfgang Aulitzky

Wolfgang Aulitzky, MD is the Medical Director of the American Austrian Foundation. He is Associate Dean for International Medicine and Distance Learning, Adjunct Prof. of Clinical Urology, and Adjunct Prof. of Clinical Reproductive Medicine at the Weill Medical College of Cornell University/New York Presbyterian Hospital. In 2016, he was appointed Adjunct Professor of Pediatrics in the Associated Faculty of the Perelman School of Medicine at the Children’s Hospital of Philadelphia. He is also an Associate Prof. of Urology at the Medical University of Innsbruck and Visiting Professor at the Medical University of Vienna. Amongst others, he is a member of the American, German, and Austrian Societies of Urology and was awarded the Zuckerkandlpreis of the Austrian Society of Urology in 1989. In 1995 he received the Silver Medal, in 2007 the Golden Medal for Merits to the Republic of Austria, and in 2014 the cross of honor of the Land Salzburg. As Director of the Medical Program of the American Austrian Foundation, he has initiated the Open Medical Institute, a scientific and educational collaboration of Weill Cornell Medical College and NewYork Presbyterian Hospital, the Children Hospital of Philadelphia, Duke University, Columbia University, the Cleveland Clinic and leading hospitals in Austria. Dr. Aulitzky earned his medical degree at the University of Innsbruck in 1977, and was a research associate at the University of Uppsala, Sweden, and Rockefeller University, New York. He received his training as a urologist at the University of Innsbruck and the General Hospital of Salzburg. He is the author of more than 140 publications on Urology, Andrology, and Health Care issues and is a co-author of books on basic and clinical urology/andrology.

Number of employees

Source: IRS Form 990

The American Austrian Foundation

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
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The American Austrian Foundation

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
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Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

The American Austrian Foundation

Board of directors
as of 06/28/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Thomas McGrath

McGrath Law Offices

Madeline Bell

Children's Hospital of Philadelphia

Mathias P.G. Bostrom

Hospital for Special Surgery

James M. Callahan

Children's Hospital of Philadelphia

Margaret Crotty

JSI

William C. Eacho III

Wolfgang K. Aulitzky

Open Medical Institute

Katharine Eltz-Aulitzky

The American Austrian Foundation

Karl Heinz Faber

Thomas J. Fahey, Jr.

Memorial Sloan Kettering Cancer Center

Antonio M. Gotto, Jr.

Weill Cornell Medicine

Stephen Harnik

Harnik Law Firm

Hugh Hemmings

Weill Cornell Medicine

Michael Koch

Pablo Legorreta

Royalty Pharma

Thomas J. McGrath

McGrath Law Offices

Gregor Medinger

Zev Rosenwaks

Weill Cornell Medicine

Peter N. Schlegel

Weill Cornell Medicine

Cynthia Sculco

Gerhard Seebacher

Daisy M. Soros

Michael G. Stewart

Weill Cornell Medicine

Barbara Tober

Alexander von Perfall

Royalty Pharma

Robert P. Wessely

Greenspoon Marder LLP

Nancy G. Wolf

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? No
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 3/9/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender (cisgender)
Sexual orientation
Heterosexual or straight
Disability status
Person without a disability

The organization's co-leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender (cisgender)
Sexual orientation
Heterosexual or straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

 

Sexual orientation

Disability