French American Museum Exchange Inc
- Assets
- $2.1m
- Revenue
- $474.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Essex, CT
- Founding
- 04/2006
- Data as of
- 12/2023
- EIN
- 20-4343950
Organization Overview
French American Museum Exchange Inc, operating under the name Frame, is located in Essex, CT. The organization was established in 2006. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Frame 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 12/2023, Frame generated $474.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $565.8k during the year ending 12/2023. While expenses have increased by 11.2% per year over the past 8 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.
Since 2018, Frame has awarded 17 individual grants totaling $176,356. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FRAME IS A COALITION OF 29 ART MUSEUMS DEDICATED TO PROMOTING FRENCH- AMERICAN COOPERATION IN THE CULTURAL ARENA CONCERNING MUSEUMS, THEIR COLLECTIONS, AND THEIR PROFESSIONAL STAFFS. IT FOSTERS PARTNERSHIPS, PROJECTS AND EXCHANGES OF INFORMATION, PERSONNEL, TECHNOLOGY AND RESOURCES. THE PROJECTS ARE BASED ON THE RESOURCES OF THE MUSEUMS AND RANGE FROM A SHARED WEBSITE TO JOINT EXHIBITIONS AND PUBLICATIONS. THEY SERVE THE CULTURAL NEEDS OF EACH COUNTRY AND EDUCATE A CONSTITUENCY OF GREAT SIZE, BREADTH AND DISTRIBUTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION FOSTERS BILATERAL EXCHANGES OF INFORMATION, PERSONNEL, TECHNOLOGY AND RESOURCES BETWEEN A GROUP OF 31 (NORTH AMERICAN (15) AND FRENCH (16)) REGIONAL ART MUSEUMS.
FRAME'S WEBSITE IS THE PRIMARY TOOL FOR THE PRESENTATION OF ITS EXHIBITIONS, PUBLICATIONS, AND EDUCATION PROGRAMS.
FRAME FACILITATES EDUCATIONAL INITIATIVES BY MAKING THEIR RESOURCES AVAILABLE TO THE PUBLIC ON BOTH SIDES OF THE ATLANTIC. THE BI-LINGUAL FRAME INITIATIVES ARE INFORMED BY THE PERMANENT COLLECTIONS AT EACH OF THE MEMBER MUSEUMS.
THE ORGANIZATION PROVIDED GRANTS TO FIVE (5) MEMBER MUSEUMS FOR PROGRAM PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Beekman Co-President | OfficerTrustee | 4 | $0 |
Christelle Creff Co-President | OfficerTrustee | 4 | $0 |
Davin Staats Treasurer | OfficerTrustee | 4 | $0 |
Ronna Tulgan Ostheimer Secretary | OfficerTrustee | 4 | $0 |
Pierre Provoyeur Expert Direc | OfficerTrustee | 2 | $0 |
Susan Talbott Expert Direc | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $206,400 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $223,105 |
| Noncash contributions included in lines 1a–1f | $33,322 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $429,505 |
| Total Program Service Revenue | $0 |
| Investment income | $54,339 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,167 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $474,319 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,186 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $36,500 |
| Benefits paid to or for members | -$15,208 |
| Compensation of current officers, directors, key employees. | $157,388 |
| Compensation of current officers, directors, key employees. | $31,478 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $79,299 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $120,842 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,124 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,663 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $120,184 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,569 |
| All other expenses | $0 |
| Total functional expenses | $565,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,147 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $184,671 |
| 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 | $2,560 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,715,025 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,084,403 |
| Accounts payable and accrued expenses | $28,828 |
| Grants payable | $0 |
| Deferred revenue | $296,968 |
| 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 | $325,796 |
| Net assets without donor restrictions | $758,607 |
| Net assets with donor restrictions | $1,000,000 |
| 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 | $2,084,403 |
Grants Awarded
Over the last fiscal year, French American Museum Exchange Inc has awarded $15,186 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE CLARK INSTITUTE PURPOSE: PROGRAM | $5,186 |
BUFFALO FINE ARTS MUSEUM PURPOSE: PROGRAM | $10,000 |