American Friends Of The Art Fund

Organization Overview

American Friends Of The Art Fund is located in New York, NY. The organization was established in 2007. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, 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 Friends Of The Art Fund 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 Friends Of The Art Fund generated $326.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE AMERICAN FRIENDS OF THE ART FUND ("AFAF") IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN FURTHERANCE OF ITS EXEMPT PURPOSES, THE AMERICAN FRIENDS OF THE ART FUND ENCOURAGES THE APPRECIATION AND ENJOYMENT OF ART BY SUPPORTING THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF THE ART FUND (A CHARITABLE ORGANIZATION LOCATED IN LONDON, ENGLAND, OPERATING UNDER THE AWARD OF A ROYAL CHARTER AND REGISTERED AS A CHARITY IN THE UNITED KINGDOM) AS WELL AS MUSEUMS AND OTHER ART-SUPPORTING ORGANIZATIONS. THE GRANT TO THE ART FUND WAS MADE IN SUPPORT OF THE ART FUND'S GENERAL CHARITABLE PURPOSES.


IN FURTHERANCE OF ITS EXEMPT PURPOSES, THE AMERICAN FRIENDS OF THE ART FUND ENCOURAGES THE APPRECIATION AND ENJOYMENT OF ART BY SUPPORTING THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF THE ART FUND (A CHARITABLE ORGANIZATION LOCATED IN LONDON, ENGLAND, OPERATING UNDER THE AWARD OF A ROYAL CHARTER AND REGISTERED AS A CHARITY IN THE UNITED KINGDOM) AS WELL AS MUSEUMS AND OTHER ART-SUPPORTING ORGANIZATIONS. THE GRANT TO YORKSHIRE SCULPTURE PARK ("YSP") WAS MADE IN SUPPORT OF YSP'S PRESENTATION OF AN EXHIBITION BY THE AUSTRIAN ARTIST ERWIN WURM.


IN FURTHERANCE OF ITS EXEMPT PURPOSES, THE AMERICAN FRIENDS OF THE ART FUND ENCOURAGES THE APPRECIATION AND ENJOYMENT OF ART BY SUPPORTING THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF THE ART FUND (A CHARITABLE ORGANIZATION LOCATED IN LONDON, ENGLAND, OPERATING UNDER THE AWARD OF A ROYAL CHARTER AND REGISTERED AS A CHARITY IN THE UNITED KINGDOM) AS WELL AS MUSEUMS AND OTHER ART-SUPPORTING ORGANIZATIONS. THE GRANT TO THE STORY MUSEUM (THE "MUSEUM") WAS MADE TOWARDS ITS PROJECT - STORY CHILD: EXPLORING THE IMPACT OF STRUCTURED STORY EXPERIENCES ON THE LEARNING AND LIVES OF CHILDREN AND YOUNG PEOPLE IN THE US AGED 0 TO 18.


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Board, Officers & Key Employees

Name (title)Compensation
Marina A Bezrukova
Director/president/treasur
$0
Jennifer Waldman
Director/secretary
$0
Samuel Sachs II
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$324,042
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$324,042
Total Program Service Revenue$0
Investment income $2,822
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 $326,864

Peer Organizations

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Slomo And Cindy Silvian Foundation Inc
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Philadelphia Cultural Fund Inc
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American Theatre Wing Inc
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Aba Pathways Inc
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$2,786,453
America-Israel Cultural Foundation Inc
New York, NY
$2,156,160
Jerome Robbins Foundation
New York, NY
$1,299,865
American Friends Of The Art Fund
New York, NY
$326,864
Milton And Sally Avery Arts Foundation Inc
New York, NY
$501,718
Silver Mountain Foundation For The Arts
Morristown, NJ
$1,512,775
Cultural Alliance Of York County
York, PA
$1,683,542
Care 2 Communities Inc
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$2,288,566
Alden Charitable Foundation Inc
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$2,148,386

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