American Civilization Foundation
- Assets
- $4.0m
- Revenue
- $281.1k
- Investments
- $2.6m
- Employees
- 0
- Location
- Newport, RI
- Founding
- 07/1999
- Data as of
- 12/2022
- EIN
- 05-0503504
Organization Overview
American Civilization Foundation is located in Newport, RI. The organization was established in 1999. According to its NTEE Classification (A51) the organization is classified as: Art Museums, 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. American Civilization 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, American Civilization Foundation generated $281.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $196.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART MUSEUM AND ART EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith Goffman President/director | 10 | $0 | |
Andrew Goffman Treasurer/director | 15 | $0 | |
Sara Cohen Secretary | 5 | $0 | |
Jennifer Greenawalt Vice President/director | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $126,760 |
| Interest on Savings | $2,634 |
| Dividends & Interest | $617 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $151,102 |
| Total Revenue | $281,113 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $283 |
| Taxes | $10 |
| Depreciation | $38,890 |
| Occupancy | $114,000 |
| Travel, conferences, and meetings | $3,500 |
| Printing and publications | $0 |
| Other expenses | $33,605 |
| Total operating and administrative expenses | $196,183 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $196,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,361 |
| Savings and temporary cash investments | $790,148 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $12,468 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,627,406 |
| Net Land, buildings, and equipment | $562,918 |
| Other assets | $10,742 |
| Total assets | $4,020,043 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $675,384 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $675,384 |