French Cultural Center Inc
- Assets
- $23.4m
- Revenue
- $7.3m
- Investments
- $80.0k
- Employees
- 47
- Location
- Boston, MA
- Founding
- 02/1947
- Data as of
- 12/2022
- EIN
- 04-6045400
Organization Overview
French Cultural Center Inc is located in Boston, MA. The organization was established in 1947. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2022, French Cultural Center Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. French Cultural Center 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 12/2022, French Cultural Center Inc generated $7.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $2.3m 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
WITH ITS COLLECTION OF BOOKS, TAPES, AND DVDS FOR CULTURAL ACTIVITIES, THE LIBRARY OFFERS COURSES, BOOK READINGS AND DISCUSSIONS, LECTURES, COOKING AND WINE CLASSES, ART EXHIBITS, CONCERTS, AND LIBRARY AND TRANSLATION SERVICES IN THE FRENCH LANGUAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND TRANSLATION PROGRAMS THE LIBRARY PROVIDES THE HIGHEST QUALITY /FRENCH LANGUAGE INSTRUCTION IF A VARIETY OF SETTINGS INCLUDING GROUP CLASSES, PRIVATE INSTRUCTION, AND WORKSHOPS. IN ADDITION, THE LIBRARY SERVES AS AN EXAM LOCATION FOR FRENCH LANGUAGE PROFICIENCY EXAMS AND PROVIDES TRANSLATION OF DOCUMENTS BETWEEN FRENCH AND ENGLISH.
CULTURAL AFFAIRS PROGRAM EVENTS THAT HIGHLIGHT VARIOUS ASPECTS OF THE FRENCH CULTURE INCLUDE ART EXHIBITS, AUTHOR TALKS, CONCERTS, FILM PRESENTATIONS WITH DISCUSSION, AND FOOD AND WINE APPRECIATION.
LIBRARY PROGRAM THE LIBRARY INCLUDES 33,000 VOLUMES, INCLUDING BOOKS, CDS, DVDS, AND PERIODICALS AVAILABLE TO ITS MEMBERS. IN ADDITION, THE LIBRARY HOSTS BOOK READINGS, STORY-TIME, AND HAS ACCESS TO A WIDE ARRAY OF ONLINE RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alyssa Lebel Trustee | Trustee | 1 | $0 |
Barbara DE Braganca Trustee | Trustee | 1 | $0 |
Catharine-Mary Donovan Trustee | Trustee | 1 | $0 |
Eric Vogt Trustee | Trustee | 1 | $0 |
Gonzague DE Montrichard Trustee | Trustee | 2 | $0 |
Herve Sedky Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ray Hachey Inc Construction Services | 12/30/22 | $112,450 |
Jl Dunn And Company Construction Services | 12/30/22 | $1,689,028 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $78,528 |
| Fundraising events | $164,793 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $433,721 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $677,042 |
| Total Program Service Revenue | $769,505 |
| Investment income | $183,310 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,103 |
| Net Gain/Loss on Asset Sales | $5,695,796 |
| Net Income from Fundraising Events | -$7,447 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,324,076 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $183,617 |
| Compensation of current officers, directors, key employees. | $73,447 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $962,355 |
| Pension plan accruals and contributions | $594 |
| Other employee benefits | $53,015 |
| Payroll taxes | $91,932 |
| Fees for services: Management | $97,938 |
| Fees for services: Legal | $590 |
| Fees for services: Accounting | $43,327 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,038 |
| Fees for services: Other | $10,080 |
| Advertising and promotion | $20,394 |
| Office expenses | $38,439 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $90,188 |
| Travel | $4,430 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,454 |
| Interest | $76,221 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $194,146 |
| Insurance | $47,248 |
| All other expenses | $26,432 |
| Total functional expenses | $2,279,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $252,851 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $278,071 |
| Accounts receivable, net | $12,400 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,155 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $40,689 |
| Net Land, buildings, and equipment | $9,978,855 |
| Investments—publicly traded securities | $12,707,070 |
| Investments—other securities | $80,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $92,971 |
| Total assets | $23,445,062 |
| Accounts payable and accrued expenses | $565,708 |
| Grants payable | $0 |
| Deferred revenue | $331,944 |
| 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 | $2,959,520 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,857,172 |
| Net assets without donor restrictions | $14,493,228 |
| Net assets with donor restrictions | $5,094,662 |
| 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 | $23,445,062 |