American Friends Of The Louvre Inc
- Assets
- $14.7m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 5
- Location
- New York, NY
- Founding
- 12/2002
- Data as of
- 06/2021
- EIN
- 52-2376786
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.
Form
990
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) | Role | Hours | Compensation |
|---|---|---|---|
Sue Devine Executive Director | Officer | 40 | $216,300 |
Becca Cason Thrash Vice Chair/director | OfficerTrustee | 3 | $0 |
Christopher Forbes Chairman/director | OfficerTrustee | 4 | $0 |
Patrick A Gerschel Treasurer/director | OfficerTrustee | 1 | $0 |
Jean Luc-Martinez President | OfficerTrustee | 1 | $0 |
Max Blumberg Director | Trustee | 1 | $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 |
| 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 | $3,986,826 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $243,003 |
| Compensation of current officers, directors, key employees. | $60,751 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $177,844 |
| Pension plan accruals and contributions | $2,479 |
| Other employee benefits | $8,142 |
| Payroll taxes | $25,531 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,241 |
| Fees for services: Accounting | $11,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,303 |
| Fees for services: Other | $2,893 |
| Advertising and promotion | $33,500 |
| Office expenses | $16,699 |
| Information technology | $3,289 |
| Royalties | $0 |
| Occupancy | $27,835 |
| Travel | $7,487 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $433 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,131 |
| All other expenses | $18,363 |
| Total functional expenses | $4,693,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,158,170 |
| Pledges and grants receivable | $3,741,007 |
| 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 | $11,500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,905,355 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $917,015 |
| Total assets | $14,733,047 |
| Accounts payable and accrued expenses | $31,877 |
| Grants payable | $3,707,797 |
| Deferred revenue | $73,100 |
| 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 | $3,812,774 |
| Net assets without donor restrictions | $7,575,018 |
| Net assets with donor restrictions | $3,345,255 |
| 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 | $14,733,047 |
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 Organization | Amount |
|---|---|
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 |
Endowment Analysis
| Beg. Balance | $6,590,131 |
| Earnings | $1,995,484 |
| Admin Expense | $19,047 |
| Net Contributions | $2,530 |
| Ending Balance | $8,569,098 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Friends Of The Israel Antiquities Authority Inc New York, NY | $7,188,185 | $4,799,124 |
Tate Americas Foundation New York, NY | $101,513,410 | $8,735,378 |
Museo Reina Sofia Foundation Usa Inc New York, NY | $1,828,282 | $604,276 |
American Associates Of The National Theatre Inc New York, NY | $4,697,341 | $5,678,751 |
American Friends Of The Israel Philharmonic Orchestra Inc New York, NY | $30,416,918 | $8,529,001 |
Mary Louise Curtis Bok Foundation Philadelphia, PA | $100,159,634 | $12,712,681 |
American Friends Of The Louvre Inc New York, NY | $14,733,047 | $4,946,706 |
Pbs39 Foundation Corporation Bethlehem, PA | $103,089,426 | $11,164,328 |
American Friends Of The National Portrait Gallery Foundation Inc New York, NY | $1,343,323 | $3,284,122 |
Academy Of Music Of Philadelphia Inc Philadelphia, PA | $30,910,650 | $3,266,946 |
Coolidge Corner Theatre Foundation Inc Brookline, MA | $13,995,984 | $5,567,271 |
Boston Arts Academy Foundation Inc Boston, MA | $11,130,374 | $3,508,715 |