irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $0EXCHANGE PROGRAMS AND MEMBERSHIP PROGRAMS TO FOSTER TRADE AND BUSINESS BETWEEN FRANCE AND THE UNITED STATES.
- #2 $0TRADE AND OTHER SERVICES ASSISTANCE TO FRENCH-OWNED ENTERPRISES IN THE USA. SERVICES AND ADVICE FOR U.S. OWNED ENTERPRISES INVESTING IN FRANCE.
named programs · 5 · from sources
What they call their work
Annual Events Program
Hosts over 30 events annually including networking forums, industry panels, and executive gatherings to foster business relationships and knowledge exchange.
Business Services
Provides tailored support for market entry, business expansion, and strategic connections to help companies grow in the U.S. or France.
Membership Programs
Offers tiered membership packages providing access to a network of 750+ professionals, targeted business introductions, exclusive events, and promotional opportunities for French and American companies.
Serge Bellanger French-American Business Scholarship Program
Merit-based scholarship initiative supporting French students pursuing MBAs in the U.S. and American students pursuing graduate business degrees in France, administered by the FACC Foundation.
Visa Services
Facilitates access to early-career talent through J-1 Intern and Trainee Visa programs, enabling member companies to host international interns and trainees.
activities · 6 groups
What they do
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Bilateral Trade and Business Relations 2 activities
- Facilitating French-American business relations through exchange and membership programsOperates exchange programs and membership initiatives to strengthen trade and business ties between France and the United States, including support for French-owned businesses in the U.S. and U.S. enterprises investing in France.
- Supporting U.S. market entry and business expansionProvides tailored market entry strategies, business support, and strategic connections to help foreign businesses expand into the U.S. market.
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High School Exchange Programs 1 activity
- Administering J-1 Visa and outbound talent exchange programsManages J-1 Intern and Trainee Visa programs and American Outbound initiatives that connect organizations with early-career talent, enabling member companies to host interns, trainees, and Volontaires Internationaux en Entreprise (V.I.E.).
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Industry Trade Association Services 1 activity
- Delivering sector-specific programs through industry committeesOperates 8 sector-specific committees that guide the development of events and programs tailored to the needs of the French-American business community in key industries.
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Multi-Institution Scholarship Funding 1 activity
- Funding graduate business education through merit-based scholarshipsAwards merit-based scholarships annually to support graduate business education, having awarded over $1.3 million in scholarships to more than 100 students pursuing degrees at U.S. Ivy League universities and French Grandes Écoles.
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Professional Membership and Association Benefits 1 activity
- Offering membership benefits and event accessProvides members with discounted access to FACC-NY events and organizational membership packages that include membership for up to six employees.
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Professional Networking Events 1 activity
- Providing professional networking and business connection servicesHosts over 30 annual events and offers targeted business introductions—up to 15 per year for standard members and unlimited for higher-tier members—connecting a network of over 750 members in New York across industries such as luxury, finance, technology, and law.
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financials · form 990 · fy2024
revenue
Total revenue$3.10M
Contributions & grants$367K12%
Program service revenue$1.95M63%
Investment income$785K25%
Other revenue$1K
expenses
Total expenses$2.45M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$1.59M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$10.22M
Cash$512K
Investments$9.62M
Liabilities$555K
Net assets$9.67M
Liquid reserves49.6 mo
4 years on record · 2020–2024 · YoY revenue +20.0%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 3
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| POLINA BOGDANOVITCH | MANAGING DIRECTOR | 40 | $203K |
| MARY JOSEPH YOHANNES | ASSOCIATE DIRECTOR | 40 | $131K |
| STEPHANIE NALLET | FINANCE DIRECTOR | 20 | $103K |
board members · 22
- ADRIANA AGBO — DIRECTOR
- ALEXIS MARTIN — DIRECTOR
- ANDREW MASSAT — DIRECTOR
- ANNE-MARIE MOTTE — DIRECTOR
- ARIANE DAGUIN — DIRECTOR
- CARLOS PEREZ — DIRECTOR
- DEBORAH VANDERHEYDEN — DIRECTOR
- DOAA FAHNY — DIRECTOR
- ELSA BERRY — DIRECTOR
- FRACOIS CHATEAU — DIRECTOR
- GUIDO VAN HEUWERMEIREN — DIRECTOR
- JEAN ROSANVALLON — DIRECTOR
- JEAN-FRANCOIS DE VALDIVIA — DIRECTOR
- KARIN LESTELLE — DIRECTOR
- MARC SOMNOLET — PRESIDENT
- MICHAEL BUFFET — DIRECTOR
- MICHAEL ELKIN — SECRETARY
- PHILIPPE FAU — DIRECTOR
- PIERRE-MARIE LAGNAUD — TREASURER
- SKIP RANKIN — DIRECTOR
- STEPHANIE MESSAS — DIRECTOR
- STEPHEN L DREYFUS — EXECUTIVE VICE PRESIDENT
relationships · 12
Who they work with
- BPI France Partner — Collaborates with Bpifrance to support French entrepreneurs and businesses, particularly micro-businesses, SMEs, and mid-caps, in growing their operations.
- Business France North America Partner — Partners with Business France North America to foster export growth for French businesses and facilitate international investment in France.
- CCI France International Partner — Collaborates with CCI France International to support French companies expanding abroad through market information and business development services.
- Consulate General of France in New York Government — Works with the Consulate General of France in New York to strengthen economic, cultural, and educational ties between France and the region, including support for French startups.
- Embassy of France in the United States Government — Collaborates with the Embassy of France in the United States as part of the broader diplomatic network representing France in the U.S.
- Faegre Drinker Biddle & Reath LLP Partner — Sponsor of the French-American Chamber of Commerce in the United States Inc New York Chapter.
- LEAP: European-American Chambers of Commerce in the United States Network — Member of LEAP Atlantic, a collective of 20 bi-national chambers in New York that fosters transatlantic business connections, innovation, and partnership opportunities.
- La French Tech New York Partner — Partners with La French Tech NY, a community of over 400 French tech entrepreneurs and executives in the New York metro area, to support the French tech startup ecosystem.
- Member Directory Partner — Provides members with access to an online directory for networking and direct introductions.
- Serge Bellanger Partner — Namesake of the French American Business Scholarship Program funded by the FACC Foundation.
- Serge Bellanger Partner — Namesake of the Serge Bellanger French-American Business Scholarship Program.
- U.S. Department of State Partner — Enables member companies to host J-1 visa interns and trainees, indicating collaboration with U.S. government visa programs.
strategies · 3
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Network-Driven Business Developmentmethodology: network_driven_developmentBy connecting French and American professionals through curated events, targeted introductions, and institutional partnerships, the organization fosters durable business relationships and cross-border growth because access to trusted networks increases opportunity flow and reduces market entry friction.
- Tailored Market Entry and Trade Advisorymethodology: targeted_trade_advisoryBy providing customized advisory services and strategic relationship-building support, the organization enables French companies to successfully enter the U.S. market and American companies to expand into France because localized, context-specific guidance reduces regulatory, cultural, and operational barriers.
- Transatlantic Talent and Educational Exchangemethodology: transatlantic_educational_exchangeBy funding graduate business education and facilitating J-1 visa placements for early-career professionals, the organization strengthens long-term Franco-American economic ties because investing in human capital creates pipelines of culturally fluent leaders and builds institutional relationships across borders.