American Friends Of The National Gallery London Inc
- Assets
- $305.9m
- Revenue
- $2.3m
- Investments
- $299.7m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1986
- Data as of
- 12/2021
- EIN
- 13-3321549
Organization Overview
American Friends Of The National Gallery London Inc is located in New York, NY. The organization was established in 1986. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education 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 National Gallery London 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 12/2021, American Friends Of The National Gallery London Inc generated $2.3m 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 (34.2%) each year. All expenses for the organization totaled $12.6m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS GRANT WAS MADE TO SUPPORT THE ACQUISITION OF THE PAINTING - "GENTLEMAN OF THE SORANZO FAMILY" BY PAOLO VERONESE.
THIS GRANT WAS MADE TO SUPPORT THE ACQUISITION OF BERNARDO BELLOTTO'S "THE FORTRESS OF KONIGSTEIN, FROM THE NORTH", FUNDED BY CONTRIBUTIONS RECEIVED FROM THE DEBORAH LOEB BRICE FOUNDATION AND HOWARD AND ROBERTA AHMANSON.
THIS GRANT WAS MADE TO SUPPORT THE NATIONAL GALLERY'S EXHIBITIONS, EDUCATION PROGRAMS AND EFFORTS TO CARE FOR AND ENHANCE ITS COLLECTIONS. THIS GRANT IS FUNDED BY CONTRIBUTIONS RECEIVED FROM ALFRED BADER, CHARLES BOOTH-CLIBBORN, MARK FISCH, THE KOWITZ FAMILY FOUNDATION, MARK PIGOTT, PETER SOROS, JAYNE WRIGHTSMAN, CYNTHIA WU AND AN ANONYMOUS DONOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hannah Rothschild Chair And President | OfficerTrustee | 1 | $0 |
William B Beekman Director And Treasurer | OfficerTrustee | 1 | $0 |
Julia Brody Director | Trustee | 1 | $0 |
Jason Macdonald Director | Trustee | 1 | $0 |
David O'connor Director | Trustee | 1 | $0 |
D Ronald Daniel Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cape Ann Global Developing Markets Fund Investment Manager | 12/30/20 | $105,460 |
Silchester International Investors Investment Manager | 12/30/20 | $143,714 |
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 | $2,032,091 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,032,091 |
| Total Program Service Revenue | $0 |
| Investment income | $83,684 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $184,351 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,300,126 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $12,256,069 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $43,260 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $130,014 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $141,307 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $966 |
| Information technology | $236 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $26,325 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,046 |
| All other expenses | $0 |
| Total functional expenses | $12,640,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,484,355 |
| Pledges and grants receivable | $266,646 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,134,775 |
| Investments—other securities | $299,737,841 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $228,587 |
| Total assets | $305,852,204 |
| Accounts payable and accrued expenses | $48,055 |
| 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 | $1,000,000 |
| Other liabilities | $0 |
| Total liabilities | $1,048,055 |
| Net assets without donor restrictions | $303,864,536 |
| Net assets with donor restrictions | $939,613 |
| 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 | $305,852,204 |