American Friends Of The Art Fund
- Assets
- $2.1m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/2007
- Data as of
- 12/2021
- EIN
- 06-1797076
Organization Overview
American Friends Of The Art Fund is located in New York, NY. The organization was established in 2007. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Friends Of The Art Fund 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, American Friends Of The Art Fund generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.9% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 8.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE AMERICAN FRIENDS OF THE ART FUND ("AFAF") IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FURTHERANCE OF ITS EXEMPT PURPOSES, THE AMERICAN FRIENDS OF THE ART FUND ENCOURAGES THE APPRECIATION AND ENJOYMENT OF ART BY SUPPORTING THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF THE ART FUND (A CHARITABLE ORGANIZATION LOCATED IN LONDON, ENGLAND, OPERATING UNDER THE AWARD OF A ROYAL CHARTER AND REGISTERED AS A CHARITY IN THE UNITED KINGDOM) AS WELL AS MUSEUMS AND OTHER ART-SUPPORTING ORGANIZATIONS. THE GRANT TO THE ART FUND WAS MADE IN SUPPORT OF THE ART FUND'S GENERAL CHARITABLE PURPOSES.
IN FURTHERANCE OF ITS EXEMPT PURPOSES, THE AMERICAN FRIENDS OF THE ART FUND ENCOURAGES THE APPRECIATION AND ENJOYMENT OF ART BY SUPPORTING THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF THE ART FUND (A CHARITABLE ORGANIZATION LOCATED IN LONDON, ENGLAND, OPERATING UNDER THE AWARD OF A ROYAL CHARTER AND REGISTERED AS A CHARITY IN THE UNITED KINGDOM) AS WELL AS MUSEUMS AND OTHER ART-SUPPORTING ORGANIZATIONS. THE GRANT TO THE HEPWORTH WAKEFIELD ("HEPWORTH") WAS MADE TO HELP FUND THE COSTS OF HEPWORTH'S UPCOMING EXHIBITION, BARBARA HEPWORTH: ART & LIFE.
IN FURTHERANCE OF ITS EXEMPT PURPOSES, THE AMERICAN FRIENDS OF THE ART FUND ENCOURAGES THE APPRECIATION AND ENJOYMENT OF ART BY SUPPORTING THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF THE ART FUND (A CHARITABLE ORGANIZATION LOCATED IN LONDON, ENGLAND, OPERATING UNDER THE AWARD OF A ROYAL CHARTER AND REGISTERED AS A CHARITY IN THE UNITED KINGDOM) AS WELL AS MUSEUMS AND OTHER ART-SUPPORTING ORGANIZATIONS. THE GRANT TO YORK MUSEUMS TRUST (THE "TRUST") WAS MADE TOWARDS THE TRUST'S ACQUISITION OF THE RYEDALE HOARD, AN ASSEMBLAGE OF ROMAN ARTIFACTS FOUND AT RYEDALE, NORTH YORKSHIRE, ENGLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clive Rosen Director/secretary | OfficerTrustee | 1 | $0 |
Marina A Bezrukova Director/president/treasurer | OfficerTrustee | 2 | $0 |
Samuel Sachs II Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,057,778 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,057,778 |
| Total Program Service Revenue | $0 |
| Investment income | $373 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,058,151 |
| 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 | $1,106,138 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,000 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,132,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,069,520 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,069,520 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,069,520 |
| 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 | $2,069,520 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that American Friends Of The Art Fund has recieved totaling $479,804.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $250,000 |
Anna M Hewitt Tr Po Box Chicago, IL PURPOSE: GENERAL | $126,971 |
Von Rydingsvard And Greengard Foundation Inc New York, NY PURPOSE: CONTRIBUTION | $40,000 |
Dana And Albert R Broccoli Charitable Foundation Los Angeles, CA PURPOSE: UNRESTRICTED | $34,250 |
Hf Foundation Inc Hartland, WI PURPOSE: CHARITABLE DONATION 501(C)(3) ORGANIZATION | $25,000 |
Edward Ariowitsch Foundation Tr New York, NY PURPOSE: GENERAL SUPPORT | $3,583 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Democracy Prep Public Schools New York, NY | $18,413,140 | $22,499,463 |
Theatre Development Fund Inc New York, NY | $10,654,511 | $12,739,705 |
New England Foundation For The Arts Inc Boston, MA | $37,132,144 | $19,074,510 |
New York Foundation For The Arts Inc Brooklyn, NY | $8,779,392 | $10,995,267 |
Moving Picture Institute New York, NY | $5,367,184 | $7,460,439 |
Liz Claiborne & Art Ortenberg Foundation New York, NY | $208,358,667 | $11,296,700 |
Pseg Foundation Inc Newark, NJ | $49,926,270 | $78,342 |
United Way Of Lancaster County Lancaster, PA | $8,532,432 | $6,314,775 |
Art Of Problem Solving Initiative Inc New York, NY | $11,649,838 | $7,944,885 |
Performance Zone Inc New York, NY | $3,205,718 | $5,815,345 |
America-Israel Cultural Foundation Inc New York, NY | $5,736,559 | $3,348,442 |
Music Performance Trust Fund New York, NY | $10,128,887 | $4,587,841 |