French Cultural Center Inc
- Assets
- $26.0m
- Revenue
- $2.5m
- Investments
- $80.0k
- Employees
- 39
- Location
- Winchester, MA
- Founding
- 02/1947
- Data as of
- 12/2021
- EIN
- 04-6045400
Organization Overview
French Cultural Center Inc is located in Winchester, MA. The organization was established in 1947. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2021, French Cultural Center Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. French Cultural Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, French Cultural Center Inc generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WITH ITS COLLECTION OF BOOKS, TAPES, AND DVDS FOR CULTURAL ACTIVITIES, THE CENTER OFFERS COURSES, BOOK READINGS AND DISCUSSIONS, LECTURES, COOKING AND WINE CLASSES, ART EXHIBITS, CONCERTS, AND LIBRARY AND TRANSLATION SERVICES IN THE FRENCH LANGUAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND TRANSLATION PROGRAMS THE CENTER PROVIDES THE HIGHEST QUALITY /FRENCH LANGUAGE INSTRUCTION IF A VARIETY OF SETTINGS INCLUDING GROUP CLASSES, PRIVATE INSTRUCTION, AND WORKSHOPS. IN ADDITION, THE CENTER SERVES AS AN EXAM LOCATION FOR FRENCH LANGUAGE PROFICIENCY EXAMS AND PROVIDES TRANSLATION OF DOCUMENTS BETWEEN FRENCH AND ENGLISH.
CULTURAL AFFAIRS PROGRAM EVENTS THAT HIGHLIGHT VARIOUS ASPECTS OF THE FRENCH CULTURE INCLUDE ART EXHIBITS, AUTHOR TALKS, CONCERTS, FILM PRESENTATIONS WITH DISCUSSION, AND FOOD AND WINE APPRECIATION.
LIBRARY PROGRAM THE CENTER'S LIBRARY INCLUDES 33,000 VOLUMES, INCLUDING BOOKS, CDS, DVDS, AND PERIODICALS AVAILABLE TO ITS MEMBERS. IN ADDITION, THE LIBRARY HOSTS BOOK READINGS, STORY-TIME, AND HAS ACCESS TO A WIDE ARRAY OF ONLINE RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Bouquegneau Executive Director/clerk | Officer | 40 | $143,432 |
Joyce Grippen Other | 40 | $103,002 | |
Michael Richard Chief Financial Officer | Officer | 15 | $98,135 |
Hilary Grove Trustee/treasurer | OfficerTrustee | 1 | $0 |
Jean-Francois Ducrest Trustee/vice Chair | OfficerTrustee | 2 | $0 |
Steven Galante Trustee/chairman/president | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jl Dunn And Company Construction Services | 12/30/20 | $619,254 |
Sea-dar Construction Construction Services | 12/30/20 | $113,598 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $76,053 |
| Fundraising events | $99,000 |
| Related organizations | $0 |
| Government grants | $314,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,077,272 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,567,225 |
| Total Program Service Revenue | $794,656 |
| Investment income | $248,922 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$128,777 |
| Net Income from Fundraising Events | -$2,294 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,479,852 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $157,267 |
| Compensation of current officers, directors, key employees. | $70,770 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,013,590 |
| Pension plan accruals and contributions | $1,993 |
| Other employee benefits | $58,869 |
| Payroll taxes | $98,348 |
| Fees for services: Management | $110,572 |
| Fees for services: Legal | $17,571 |
| Fees for services: Accounting | $41,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $84,465 |
| Fees for services: Other | $9,432 |
| Advertising and promotion | $8,319 |
| Office expenses | $36,396 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,038 |
| Travel | $4,439 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $979 |
| Interest | $2,381 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,737 |
| Insurance | $43,510 |
| All other expenses | $272 |
| Total functional expenses | $2,046,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $382,081 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $197,326 |
| Accounts receivable, net | $3,237 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,680 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $63,703 |
| Net Land, buildings, and equipment | $7,795,114 |
| Investments—publicly traded securities | $17,168,376 |
| Investments—other securities | $80,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $329,019 |
| Total assets | $26,024,536 |
| Accounts payable and accrued expenses | $1,339,164 |
| Grants payable | $0 |
| Deferred revenue | $320,402 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,495,903 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,155,469 |
| Net assets without donor restrictions | $13,832,084 |
| Net assets with donor restrictions | $9,036,983 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $26,024,536 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that French Cultural Center Inc has recieved totaling $312,000.
| Awarding Organization | Amount |
|---|---|
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $150,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $101,000 |
Rowe Foundation Inc Boston, MA PURPOSE: GENERAL SUPPORT | $35,000 |
Grew Fam Charitable Foundation Tr Boston, MA PURPOSE: CAPITAL CAMPAIGN | $15,000 |
William J & Lia G Poorvu Family Foundation Cambridge, MA PURPOSE: CHARITABLE | $10,000 |
Shane Foundation Boston, MA PURPOSE: GENERAL | $1,000 |
Endowment Analysis
| Beg. Balance | $17,608,247 |
| Earnings | $2,586,705 |
| Admin Expense | $84,465 |
| Net Contributions | $386,235 |
| Other Expense | $3,248,346 |
| Ending Balance | $17,248,376 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Suffolk Cooperative Library System Bellport, NY | $18,374,423 | $17,112,722 |
Smithtown Library Nesconset, NY | $38,994,883 | $15,642,317 |
Buffalo & Erie County Public Library Buffalo, NY | $4,920,940 | $11,835,935 |
Massachusetts Library System Inc Marlborough, MA | $7,404,141 | $11,793,761 |
Ferguson Library Stamford, CT | $21,910,876 | $11,228,846 |
Proprietors Of The Boston Athenaeum Boston, MA | $130,203,809 | $11,281,803 |
Nassau Library System Uniondale, NY | $13,078,101 | $10,576,238 |
Publishers International Linking Association Inc Lynnfield, MA | $16,437,833 | $11,352,834 |
Springfield Museums Corporation Springfield, MA | $83,263,430 | $9,886,411 |
Providence Public Library Providence, RI | $36,987,936 | $6,478,555 |
Westchester Library System Elmsford, NY | $6,787,041 | $7,508,558 |
American Antiquarian Society Worcester, MA | $122,268,688 | $9,559,298 |