Fine Arts Museums Foundation

Fine Arts Museums Foundation Overview

Fine Arts Museums Foundation is located in San Francisco, CA. The organization was established in 1965. 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.

For the year ending 06/2020, Fine Arts Museums Foundation generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (28.8%) each year. All expenses for the organization totaled $16.5m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

RECEIVING, DONATING AND DISBURSING FUNDS FOR THE FINE ARTS MUSEUMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ART ACQUISITIONS FOR THE FINE ARTS MUSEUMS.


DISBURSEMENT OF FUNDS FOR THE EMBELLISHMENT, ADVANCEMENT, AND ADMINISTRATION OF THE CORPORATION FOR THE FINE ARTS MUSEUMS(COFAM).


THE FINE ARTS MUSEUMS FOUNDATION (FAMF) AND COFAM PRIVATELY RAISED FUNDS AND REBUILT THE DEYOUNG MUSEUM, WHICH WAS GIFTED TO THE CITY OF SAN FRANCISCO UPON ITS COMPLETION IN 2005. THESE EXPENSES INCLUDE THE AMORTIZATION OF THE BENEFICIAL INTEREST IN THE DEYOUNG AS WELL AS THE COST OF SERVICING RELATED BONDS. THE NEW DEYOUNG HAS PERMITTED EXPANDED AND IMPROVED SERVICE TO THE MUSEUM'S PUBLIC BY INCREASING THE AMOUNT OF ART ON VIEW, THE EXPANSION OF THE EDUCATIONAL DEPARTMENT AND THE INCREASED EXHIBITION SPACE.


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Fine Arts Museums Foundation Board, Officers & Key Employees

Name (title)Compensation
Paul A Violich
Treasurer
$0
George Hecksher
Vice President
$0
Marc Cruciger Thru 620
Vice President, Collections
$0
Lorna F Meyer
President
$0
Debbie Jorgensen
Secretary
$0
Alexandria J Ashdown
Vice President, Investments
$0

Fine Arts Museums Foundation Vendors

Vendor Name (Service)Compensation
Colchester Global Bond Fund
Investment Management Fees
$116,215
Blackrock Financial Management
Investment Management Fees
$112,156
Colonial Consulting
Investment Management Fees
$101,327
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$506,243
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$261,603
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$767,846
Total Program Service Revenue$0
Investment income $3,933,040
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$3,187,138
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,528,655

Fine Arts Museums Foundation Grants Recieved

Over the last fiscal year, we have identified 1 grants that Fine Arts Museums Foundation has recieved totaling $5,000.

Awarding OrganizationAmount
$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$137,967,142
Earnings-$423,802
Net Contributions$556,243
Other Expense$6,965,681
Ending Balance$131,133,902

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