World Monuments Fund Inc
- Assets
- $69.8m
- Revenue
- $20.3m
- Investments
- $2.0m
- Employees
- 35
- Location
- New York, NY
- Founding
- 05/1965
- Data as of
- 06/2023
- EIN
- 13-2571900
Organization Overview
World Monuments Fund Inc is located in New York, NY. The organization was established in 1965. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, World Monuments Fund Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Monuments Fund 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 06/2023, World Monuments Fund Inc generated $20.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $15.4m during the year ending 06/2023. While expenses have increased by 3.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WORLD MONUMENTS FUND (WMF) IS THE LEADING INDEPENDENT ORGANIZATION DEVOTED TO SAFEGUARDING THE WORLD'S MOST TREASURED PLACES TO ENRICH PEOPLE'S LIVES AND BUILD MUTUAL UNDERSTANDING ACROSS CULTURES AND COMMUNITIES. THE ORGANIZATION IS HEADQUARTERED IN NEW YORK CITY WITH OFFICES AND AFFILIATES IN CAMBODIA, FRANCE, INDIA, PERU, PORTUGAL, SPAIN AND THE UK. SINCE 1965, OUR GLOBAL TEAM OF EXPERTS HAS PRESERVED THE WORLD'S DIVERSE CULTURAL HERITAGE USING THE HIGHEST INTERNATIONAL STANDARDS AT MORE THAN 700 SITES IN 112 COUNTRIES. PARTNERING WITH LOCAL COMMUNITIES, FUNDERS, AND GOVERNMENTS, WMF DRAWS ON HERITAGE TO ADDRESS SOME OF TODAY'S MOST PRESSING CHALLENGES: CLIMATE CHANGE, UNDERREPRESENTATION, IMBALANCED TOURISM, AND POST-CRISIS RECOVERY. WITH A COMMITMENT TO THE PEOPLE WHO BRING PLACES TO LIFE, WMF EMBRACES THE POTENTIAL OF THE PAST TO CREATE A MORE RESILIENT AND INCLUSIVE SOCIETY.
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorna B Goodman Chair | OfficerTrustee | 1 | $0 |
John J Kerr Jr ESQ Vice Chair | OfficerTrustee | 1 | $0 |
Fernanda M Kellogg Secretary | OfficerTrustee | 1 | $0 |
Peter Kimmelman Treasuer | OfficerTrustee | 1 | $0 |
Prince Amyn Aga Khan Trustee | Trustee | 1 | $0 |
Shaikha Mai Bint Mohammed Al Khalif Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edward O Guillen Technology Services | 6/29/23 | $192,553 |
Stephen Battle Heritage Project Management | 6/29/23 | $184,148 |
Neuberger Berman Bd Llc Investment Management Fees | 6/29/23 | $127,538 |
Delta Al-rafedayn Company Building Contractor | 6/29/23 | $126,781 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,526,556 |
| Related organizations | $0 |
| Government grants | $946,005 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,265,725 |
| Noncash contributions included in lines 1a–1f | $121,169 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,738,286 |
| Total Program Service Revenue | $0 |
| Investment income | $767,651 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $90,164 |
| Net Income from Fundraising Events | -$315,738 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,280,363 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $340,282 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,791,215 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $368,978 |
| Compensation of current officers, directors, key employees. | $110,694 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,848,535 |
| Pension plan accruals and contributions | $209,948 |
| Other employee benefits | $426,046 |
| Payroll taxes | $332,689 |
| Fees for services: Management | $65,405 |
| Fees for services: Legal | $26,571 |
| Fees for services: Accounting | $53,130 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $120,283 |
| Fees for services: Other | $3,000,183 |
| Advertising and promotion | $59,373 |
| Office expenses | $313,407 |
| Information technology | $503,793 |
| Royalties | $0 |
| Occupancy | $659,291 |
| Travel | $570,410 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,793 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $153,234 |
| Insurance | $117,491 |
| All other expenses | $386,048 |
| Total functional expenses | $15,407,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,119,870 |
| Savings and temporary cash investments | $1,198,832 |
| Pledges and grants receivable | $17,325,451 |
| Accounts receivable, net | $127,474 |
| 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 | $196,324 |
| Net Land, buildings, and equipment | $1,111,136 |
| Investments—publicly traded securities | $28,514,760 |
| Investments—other securities | $1,972,926 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,258,181 |
| Total assets | $69,824,954 |
| Accounts payable and accrued expenses | $1,682,639 |
| 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 | $4,973,743 |
| Total liabilities | $6,656,382 |
| Net assets without donor restrictions | $2,212,469 |
| Net assets with donor restrictions | $60,956,103 |
| 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 | $69,824,954 |