Friends Of The Musees Des Arts Decoratifs
- Assets
- $1.1m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/1999
- Data as of
- 06/2021
- EIN
- 13-4080242
Organization Overview
Friends Of The Musees Des Arts Decoratifs is located in New York, NY. The organization was established in 1999. 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. Friends Of The Musees Des Arts Decoratifs 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 06/2021, Friends Of The Musees Des Arts Decoratifs generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $977.9k during the year ending 06/2021. While expenses have increased by 13.1% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FRIENDS MISSION IS TO FOSTER THE APPRECIATION AND CONSERVATION OF THE DECORATIVE ARTS. IN CARRYING OUT ITS MISSION, THE FRIENDS SUPPORTS THE PRESERVATION, RESTORATION AND EXHIBITION OF, AND EDUCATIONAL PROGRAMS REGARDING IMPORTANT EXAMPLES OF INTERIOR DESIGN, FURNITURE, TEXTILES, FASHION, GRAPHIC ARTS, DECORATIVE PAINTING, ART GLASS, JEWELRY, PORCELAIN AND OTHER DECORATIVE AND USEFUL OBJECTS, INCLUDING BY SUPPORTING THE ACTIVITIES AND PROGRAMS OF LES ARTS DECORATIFS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS PROVIDED DURING THE YEAR TO THE MUSEE DES ARTS DECORATIFS (PARIS, FRANCE) IN ORDER TO FUND THE FOLLOWING PROJECTS:1. $356,500 TO SUPPORT THE INSTALLATION OF THE UPCOMEING EXHIBITION "LUXES; FUNDING FOR SCHOLARSHIPS FOR STUDENTS AT THE ECOLS CAMONDO; SEVERAL PROJECTS FOR THE MUSEUM'S GRAPHIC ARTS DEPARTMENT, INCLUDING (A) RESTORATION OF THE MUSEUM'S COLLECTION OF DRAWINGS BY NICHOLAS PINEAU (B) A FEASIBILITY STUDY OF THE CREATION OF NEW STORAGE ROOMS, A CONSULTATION ROOM AND AN EXHIBITION SPACE (C) A STUDY OF THE MUSEUM'S DESFOSSE AND KARTH WALLPAPER COLLECTION. 2. $421,000 TO SUPPORT (A) THE SCENOGRAPHY AND CATALOG OF AN UPCOMING EXHIBITION OF THE HISTORY OF PHOTOGRAPHY USING WORKS FROM THE MUSEUM'S COLLECTIONS, AS WELL AS ENHANCEMENT AND PRESERVATION OF THE WORKS FROM THE PHOTOGRAPHY COLLECTIONS. (B) SUPPORT FOR THE CONSTRUCTION AND INSTALLATION OF A MAJOR UPCOMING EXHIBITION OF THE WORK OF FASHION DESIGNER THIERRY MUGLER.3. $59,551 CONTINUED SUPPORT FROM STEPHEN A, SCHWARZMAN FOUNDATION AND OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Bult Exec Direct, Asst Secy & Asst Treasurer | Officer | 10 | $55,000 |
Julia Widdowson Pres & Director | OfficerTrustee | 0.5 | $0 |
Nora Ann Wallace Treasurer, Secretary & Director | OfficerTrustee | 1 | $0 |
Sakorako Fisher Director | Trustee | 0.5 | $0 |
Justine Koons Director | Trustee | 0.5 | $0 |
Peter Svennilson Director | Trustee | 0.5 | $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 | $1,409,051 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,409,051 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,409,051 |
| 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 | $837,051 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $55,000 |
| Compensation of current officers, directors, key employees. | $5,500 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $34,650 |
| Office expenses | $5,176 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $318 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,805 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $977,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,069,678 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,069,678 |
| Accounts payable and accrued expenses | $27,250 |
| 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 | $0 |
| Total liabilities | $27,250 |
| Net assets without donor restrictions | $1,042,428 |
| Net assets with donor restrictions | $0 |
| 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 | $1,069,678 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of The Musees Des Arts Decoratifs has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Peter Marino Charitable Foundation New York, NY PURPOSE: PPROMOTE THE DECORATIVE ARTS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Democracy Prep Public Schools New York, NY | $18,413,140 | $22,499,463 |
Theatre Development Fund Inc New York, NY | $10,654,511 | $12,739,705 |
New England Foundation For The Arts Inc Boston, MA | $37,132,144 | $19,074,510 |
New York Foundation For The Arts Inc Brooklyn, NY | $8,779,392 | $10,995,267 |
Moving Picture Institute New York, NY | $5,367,184 | $7,460,439 |
Liz Claiborne & Art Ortenberg Foundation New York, NY | $208,358,667 | $11,296,700 |
Pseg Foundation Inc Newark, NJ | $49,926,270 | $78,342 |
United Way Of Lancaster County Lancaster, PA | $8,532,432 | $6,314,775 |
Art Of Problem Solving Initiative Inc New York, NY | $11,649,838 | $7,944,885 |
Performance Zone Inc New York, NY | $3,205,718 | $5,815,345 |
America-Israel Cultural Foundation Inc New York, NY | $5,736,559 | $3,348,442 |
Music Performance Trust Fund New York, NY | $10,128,887 | $4,587,841 |