American Friends Of The Louvre Inc

Organization Overview

American Friends Of The Louvre Inc is located in New York, NY. The organization was established in 2002. 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. As of 06/2021, American Friends Of The Louvre Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Friends Of The Louvre 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 06/2021, American Friends Of The Louvre Inc generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $4.7m during the year ending 06/2021. While expenses have increased by 2.2% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SOLICIT FUNDS FOR, MAKE GRANTS TO SUPPORT AND RAISE PUBLIC AWARENESS IN THE UNITED STATES OF THE LOUVRE MUSEUM AND ITS EXTENSIVE COLLECTION OF ART.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO SOLICIT FUNDS FOR, MAKE GRANTS TO SUPPORT, AND RAISE PUBLIC AWARENESS IN THE UNITED STATES, OF THE LOUVRE MUSEUM AND ITS EXTENSIVE COLLECTION OF WORKS OF ART. AMERICAN FRIENDS OF THE LOUVRE, ALSO SUPPORTS THE LOUVRE IN ITS EFFORTS TO IMPROVE EDUCATIONAL TOOLS AND VISITING CONDITIONS, PARTICULARLY FOR AMERICAN AND OTHER ENGLISH-SPEAKING VISITORS AND PROMOTES COLLABORATIONS BETWEEN THE LOUVRE AND AMERICAN INSTITUTIONS THROUGH THE DEVELOPMENT OF CULTURAL ACTIVITIES IN THE U.S., SUCH AS EXHIBITIONS, EDUCATIONAL PROGRAMS AND PROFESSIONAL AND SCHOLARLY EXCHANGES. AFL PARTICIPATES IN THE FINANCING OF LOUVRE PROJECTS, SUCH AS RENOVATIONS OF GALLERIES, RESTORATIONS, FELLOWSHIPS, AND EDUCATIONAL PROGRAMS BOTH IN FRANCE AND THE U.S.


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Board, Officers & Key Employees

Name (title)Compensation
Sue Devine
Executive Director
$216,300
Christopher Forbes
Chairman/director
$0
Becca Cason Thrash
Vice Chair/director
$0
Patrick A Gerschel
Treasurer/director
$0
Jean Luc-Martinez
President
$0
Max Blumberg
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$302,004
Related organizations$0
Government grants $73,100
All other contributions, gifts, grants, and similar amounts not included above$3,333,895
Noncash contributions included in lines 1a–1f $294,400
Total Revenue from Contributions, Gifts, Grants & Similar$3,708,999
Total Program Service Revenue$657,750
Investment income $86,669
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $519,215
Net Income from Fundraising Events -$42,282
Net Income from Gaming Activities $16,355
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,946,706

Grants Recieved

Over the last fiscal year, we have identified 2 grants that American Friends Of The Louvre Inc has recieved totaling $16,000.

Awarding OrganizationAmount
C Jay Moorhead Foundation

New York, NY

PURPOSE: GENERAL OPERATING SUPPORT

$15,000
Jane M & Bruce P Robert Charitable Foundation

St Louis, MO

PURPOSE: GENERAL CONTRIBUTION

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$6,590,131
Earnings$1,995,484
Admin Expense$19,047
Net Contributions$2,530
Ending Balance$8,569,098

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