Aamc Foundation
- Assets
- $789.2k
- Revenue
- $505.1k
- Investments
- $0.0
- Employees
- 6
- Location
- New York, NY
- Founding
- 03/2004
- Data as of
- 12/2022
- EIN
- 80-0083168
Organization Overview
Aamc Foundation is located in New York, NY. The organization was established in 2004. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Aamc Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aamc Foundation 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 12/2022, Aamc Foundation generated $505.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $1.0m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE AAMC FOUNDATION WAS FORMED TO HEIGHTEN PUBLIC UNDERSTANDING OF THE CURATOR'S ROLE THROUGH LECTURES, SYMPOSIA, AND PUBLISHED MATERIALS AND TO AWARD GRANTS TO CURATORS TO IMPROVE THEIR ABILITY TO SERVE THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIGITAL LITERACY - SUPPORTS CURATORS IN AN ENGAGED SERIES OF ONLINE AND IN-PERSON LEARNINGS AND PEER-TO-PEER SUPPORT TO ADVANCE DIGITAL LITERACIES, STORYTELLING, AND AUDIENCE ENGAGEMENT.
THE PROGRAMS SUPPORT AND PROMOTE THE WORK OF NONPROFIT ART CURATOR MEMBERS WORKING BY CREATING OPPORTUNITIES FOR NETWORKING, COLLABORATION, PROFESSIONAL DEVELOPMENT, AND ADVANCEMENT. IN SUPPORT OF THESE AIMS, OUR PROGRAMMING SEEKS TO HEIGHTEN PUBLIC UNDERSTANDING OF THE CURATOR'S ROLE THROUGH ONLINE AND INPERSON PROGRAMMING.
MENTORSHIP - A MULTIFACETED INITIATIVE DESIGNED TO SUPPORT AND ACCELERATE A CURATOR'S MID-CAREER ADVANCEMENT. THE PROGRAM IS THE LONGEST RUNNING INITIATIVE OF ITS KIND OFFERING BOTH TRAINING SESSIONS AND WORKSHOPS AS WELL AS SUPPORT THROUGH A PROFESSIONAL NETWORK INCLUDING A PAIRING WITH A SENIOR CURATORIAL MENTOR, A PEER COHORT, AND ALUMNI COMMUNITY.
PROFESSIONAL ALLIANCE FOR CURATORS OF COLOR (PACC) - PART OF THE AAMC FOUNDATION'S COMMITMENT TO ADVOCAY, INCLUSION, AND ACCESS. IT SEEKS TO ADDRESS ISSUES OF ISOLATIONISM, RACISM, INEQUITY, AND GATEKEEPING IN THE CURATORIAL PROFESSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith Pineiro Executive Director | Officer | 40 | $157,849 |
Daniel Belasco Director | Trustee | 2 | $1,500 |
Marianne Lamonaca President | OfficerTrustee | 2 | $0 |
Michelle Jacques Vice President - Inclusion & Outreach | OfficerTrustee | 2 | $0 |
Elizabeth Morrison Vice President - Governance & Nominating | OfficerTrustee | 2 | $0 |
Mary-Kate O'hare Vice President - Fundraising | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,613 |
| All other contributions, gifts, grants, and similar amounts not included above | $471,080 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $501,693 |
| Total Program Service Revenue | $0 |
| Investment income | $3,198 |
| 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 | $505,075 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $221,437 |
| Grants and other assistance to Foreign Orgs/Individuals | $24,791 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $122,122 |
| Compensation of current officers, directors, key employees. | $6,106 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,965 |
| Pension plan accruals and contributions | $4,302 |
| Other employee benefits | $37,000 |
| Payroll taxes | $16,376 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,022 |
| Fees for services: Accounting | $50,895 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $235,975 |
| Advertising and promotion | $11,997 |
| Office expenses | $8,454 |
| Information technology | $20,808 |
| Royalties | $0 |
| Occupancy | $33,592 |
| Travel | $9,359 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $90,146 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,874 |
| Insurance | $5,253 |
| All other expenses | $3,304 |
| Total functional expenses | $1,030,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,494 |
| Savings and temporary cash investments | $341,701 |
| Pledges and grants receivable | $238,425 |
| 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 | $12,699 |
| Net Land, buildings, and equipment | $2,874 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $789,193 |
| Accounts payable and accrued expenses | $24,816 |
| 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 | $479,721 |
| Total liabilities | $504,537 |
| Net assets without donor restrictions | -$49,086 |
| Net assets with donor restrictions | $333,742 |
| 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 | $789,193 |