American Friends Of The Shanghai Museum Inc
- Assets
- $1.5m
- Revenue
- $96.0k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/1995
- Data as of
- 12/2023
- EIN
- 13-3813924
Organization Overview
American Friends Of The Shanghai Museum Inc is located in New York, NY. The organization was established in 1995. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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 Shanghai Museum 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 12/2023, American Friends Of The Shanghai Museum Inc generated $96.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $101.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, American Friends Of The Shanghai Museum Inc has awarded 11 individual grants totaling $360,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED IN 1995, THE AMERICAN FRIENDS OF THE SHANGHAI MUSEUM IS A NOT-FOR-PROFIT ORGANIZATION WHOSE MISSION IS TO RAISE AWARENESS AND FINANCIAL SUPPORT FOR THE SHNAGHAI MUSEUM, CONTINUING A DISTINGUISHED HISTORY OF PATRON SUPPORT FOR CHINA'S FOREMOST ART MUSEUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMERICAN FRIENDS OF THE SHANGHAI MUSEUM ORGANIZED EDUCATIONAL TALKS TO CULTIVATE INTEREST IN THE SHANGHAI MUSEUM IN THE UNITED STATES. IT ALSO AWARDED A GRANT FOR A CURATORIAL EXCHANGE BETWEEN THE SHANGHAI MUSEUM AND THE ART INSTITUTE OF CHICAGO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Pei President | OfficerTrustee | 0.5 | $0 |
Shau-Wai Lam Treasurer | OfficerTrustee | 0.5 | $0 |
Lillian Chin Director | Trustee | 0.5 | $0 |
Peter Kimmelman Director | Trustee | 0.5 | $0 |
George Fan Director | Trustee | 0.5 | $0 |
William M Griswold Director | Trustee | 0.5 | $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 | $78,413 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,413 |
| Total Program Service Revenue | $0 |
| Investment income | $32,110 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,898 |
| Net Income from Fundraising Events | $3,394 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $96,019 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| 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. | $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 | $10,376 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,280 |
| 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 | $101,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,186 |
| Savings and temporary cash investments | $0 |
| 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 | $1,445,104 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,477,290 |
| Accounts payable and accrued expenses | $67 |
| 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 | $67 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,477,223 |
| 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 | $1,477,290 |
Grants Awarded
Over the last fiscal year, American Friends Of The Shanghai Museum Inc has awarded $200,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ASIAN ART MUSEUM PURPOSE: TO HELP SUPPORT A CURATORIAL EXCHANGE BETWEEN THE ASIAN ART MUSEUM AND THE SHANGHAI MUSEUM. | $50,000 |
CLEVELAND MUSEUM OF ART PURPOSE: TO HELP SUPPORT A CURATORIAL EXCHANGE BETWEEN THE CLEVELAND MUSEUM OF ART AND THE SHANGHAI MUSEUM. | $50,000 |
JEWISH MUSEUM PURPOSE: TO HELP SUPPORT A CURATORIAL EXCHANGE BETWEEN THE JEWISH MUSEUM OF ART AND THE SHANGHAI MUSEUM. | $50,000 |
SMITHSONIAN INSTITUTION NATIONAL MUSEUM OF NATURAL HISTORY PURPOSE: TO HELP SUPPORT A CURATORIAL EXCHANGE BETWEEN THE NATIONAL MUSEUM AND THE SHANGHAI MUSEUM. | $50,000 |