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 7 years, the organization has seen revenues fall by an average of (9.3%) 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
THIS GRANT WAS MADE TO SUPPORT THE ACQUISITION OF THE PAINTING - "THE PORTRAIT OF CHARLES WILLIAM LAMBTON" BY SIR THOMAS LAWRENCE.
THIS GRANT WAS MADE TO SUPPORT THE HOWARD AND ROBERTA AHMANSON CURATOR IN ART AND RELIGION, AND THE HOWARD AND ROBERTA AHMANSON FELLOW IN ART AND RELIGION.
THIS GRANT WAS MADE TO SUPPORT THE PUBLICATION OF THE NATIONAL GALLERY SCHOLARLY CATALOGUES, FUNDED BY THE ARTHUR AND HOLLY MAGILL FOUNDATION.
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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 |
Ann B Sloane Secretary | Officer | 1 | $0 |
Matthew Fowler Assistant Secretary | Officer | 1 | $0 |
Andy Hibbert Assistant Treasurer | Officer | 1 | $0 |
Dronald Daniel Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Silchester International Investors Investment Manager | 12/30/20 | $143,714 |
Cape Ann Global Developing Markets Fund Investment Manager | 12/30/20 | $105,460 |
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 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that American Friends Of The National Gallery London Inc has recieved totaling $227,526.
| Awarding Organization | Amount |
|---|---|
Manitou Fund White Bear Lake, MN PURPOSE: NATIONAL GALLERY FAMILY PROGRAMME | $215,000 |
Community Foundation Of Sarasota County Inc Sarasota, FL PURPOSE: GENERAL SUPPORT | $12,526 |