The American Friends Of The British Museum Inc

Organization Overview

The American Friends Of The British Museum Inc is located in New York, NY. The organization was established in 1989. According to its NTEE Classification (Q11) the organization is classified as: Single Organization Support, under the broad grouping of International, Foreign Affairs & National Security 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 British 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 09/2022, American Friends Of The British Museum Inc generated $995.7k 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 (8.7%) each year. All expenses for the organization totaled $2.8m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO RAISE AWARENESS OF THE ACTIVITIES AND COLLECTIONS OF THE BRITISH MUSEUM AMONG AMERICANS IN THE U.S. AND OVERSEAS IN ORDER TO SUPPORT THE BRITISH MUSEUM'S FINANCIAL, CUSTODIAL AND COLLECTING GOALS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PRINCIPAL ACTIVITY OF AFBM IS TO RAISE AWARENESS OF THE ACTIVITIES AND COLLECTIONS OF THE BRITISH MUSEUM AMONG AMERICANS IN THE U.S. AND OVERSEAS. THIS WILL FACILITATE THE ACHIEVEMENT OF THE FINANCIAL, CUSTODIAL AND COLLECTING GOALS OF THE BRITISH MUSEUM. AFBM MADE GRANTS OF $2,661,412 TO THE BRITISH MUSEUM IN SUPPORT OF THIS PURPOSE.


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Board, Officers & Key Employees

Name (title)Compensation
Donna Perret Rosen
Vice Chairman
$0
John Micklethwait
Chairman
$0
Jonathan H Kagan
Treasurer
$0
Jenny Young Du Pont
Secretary
$0
Francis Finlay
Chairman Emeritus
$0
Brook Berlind
Director
$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$389,738
Noncash contributions included in lines 1a–1f $6,773
Total Revenue from Contributions, Gifts, Grants & Similar$389,738
Total Program Service Revenue$0
Investment income $116,032
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $489,977
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $995,747

Grants Recieved

Over the last fiscal year, we have identified 4 grants that The American Friends Of The British Museum Inc has recieved totaling $25,870.

Awarding OrganizationAmount
Community Foundation Of Sarasota County Inc

Sarasota, FL

PURPOSE: GENERAL SUPPORT

$12,870
$5,000
Malcolm Hewitt Wiener Foundation

New York, NY

PURPOSE: US ARM OF BRITISH MUSEUM THE PROMOTING THE STUDY OF ART, GREEK & ROMAN DEPT

$5,000
The Philip And Irene Toll Gage Foundaton

Atlanta, GA

PURPOSE: GENERAL OPERATING SUPPORT

$3,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,616,246
Earnings-$211,656
Ending Balance$1,404,590

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