Foundation For Art And Preservation In Embassies
- Assets
- $17.1m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Washington, DC
- Founding
- 09/1986
- Data as of
- 12/2021
- EIN
- 52-1467787
Organization Overview
Foundation For Art And Preservation In Embassies is located in Washington, DC. The organization was established in 1986. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Foundation For Art And Preservation In Embassies employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Art And Preservation In Embassies 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, Foundation For Art And Preservation In Embassies generated $4.1m 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 (7.0%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 7 years. 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 FOUNDATION FOR ART AND PRESERVATION IN EMBASSIES (FAPE) IS DEDICATED TO ENHANCING THE UNITED STATES' IMAGE ABROAD THROUGH AMERICAN ART. FOUNDED AS A PUBLIC-PRIVATE, NON-PARTISAN PARTNERSHIP IN 1986, FAPE WORKS WITH THE U.S. DEPARTMENT OF STATE TO CONTRIBUTE FINE ART TO U.S. EMBASSIES AROUND THE WORLD. FAPE'S DONATIONS INCLUDE WORKS BY MORE THAN 240 PREEMINENT AMERICAN ARTISTS PLACED IN MORE THAN 140 COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST THE STATE DEPARTMENT'S BUREAU OF OVERSEAS BUILDINGS OPERATIONS (OBO) IN ITS VARIOUS PROGRAMS DESIGNED TO EXHIBIT AND PRESERVE FINE ART IN U.S. EMBASSIES AROUND THE WORLD. FAPE FULFILLS ITS MISSION THROUGH SITE-SPECIFIC COMMISSIONS, THE ORIGINAL PRINT AND PHOTOGRAPHY COLLECTIONS, PRESERVATION PROJECTS AND OTHER ARTS INITIATIVES. THE MAIN PROGRAM ACTIVITIES OF FAPE ARE: (1) SITE-SPECIFIC COLLECTION - FAPE DONATES PERMANENT SITE-SPECIFIC ARTWORKS FOR SELECT NEW U.S. EMBASSIES BEING CONSTRUCTED. (2) LEE KIMCHE MCGRATH ORIGINAL PRINT COLLECTION - EACH YEAR AN AMERICAN ARTIST CONTRIBUTES AN EDITION OF PRINTS FOR PERMANENT DISPLAY IN U.S. EMBASSIES. (3) PHOTOGRAPHY COLLECTION - IN 2013, FAPE ESTABLISHED A COLLECTION OF PHOTOGRAPHY WHICH WILL GROW TO INCLUDE A NEW ADDITION ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer A Duncan Director | Officer | 40 | $240,875 |
Eden Rafhoon President | OfficerTrustee | 15 | $0 |
Wendy L Luers President Emerita | OfficerTrustee | 1 | $0 |
Darren Walker Vice President | OfficerTrustee | 5 | $0 |
W Harrison Wellford Treasurer | OfficerTrustee | 2 | $0 |
Jo Carole Lauder Chairman | OfficerTrustee | 15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kc Fabrication Fabrication Services | 12/30/17 | $479,100 |
Polich Tallix Fabrication Services | 12/30/17 | $166,668 |
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 | $3,674,388 |
| Noncash contributions included in lines 1a–1f | $1,725,281 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,674,388 |
| Total Program Service Revenue | $0 |
| Investment income | $150,904 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $310,057 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,135,429 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $287,055 |
| Compensation of current officers, directors, key employees. | $57,419 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,154 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,886 |
| Payroll taxes | $18,628 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,124 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $62,829 |
| Fees for services: Other | $85,579 |
| Advertising and promotion | $12,446 |
| Office expenses | $112,673 |
| Information technology | $9,265 |
| Royalties | $0 |
| Occupancy | $119,677 |
| Travel | $10,333 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,585 |
| All other expenses | $8,971 |
| Total functional expenses | $1,415,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,022,138 |
| Savings and temporary cash investments | $828,918 |
| Pledges and grants receivable | $1,553,552 |
| 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 | $2,509 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,169,079 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,474,002 |
| Total assets | $17,050,198 |
| Accounts payable and accrued expenses | $7,884 |
| 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 | $7,884 |
| Net assets without donor restrictions | $10,412,927 |
| Net assets with donor restrictions | $6,629,387 |
| 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 | $17,050,198 |
Grants Awarded
Over the last fiscal year, Foundation For Art And Preservation In Embassies has awarded $1,254,427 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DEPARTMENT OF STATE PURPOSE: TO ASSIST IN CULTURAL DIPLOMACY EFFORTS | $1,140,927 |
DEPARTMENT OF STATE PURPOSE: WINFIELD HOUSE PROJECT | $113,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation For Art And Preservation In Embassies has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Marc E Leland Foundation Boston, MA PURPOSE: UNRESTRICTED | $20,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
White House Historical Association Washington, DC | $70,614,346 | $21,703,882 |
National Links Trust Washington, DC | $8,914,003 | $10,793,468 |
Maymont Foundation Richmond, VA | $38,971,207 | $5,423,725 |
National Archives Foundation Washington, DC | $14,544,421 | $8,935,036 |
House Of The Temple Historic Preservation Foundation Inc Washington, DC | $31,687,828 | $5,822,669 |
Historic Annapolis Inc Annapolis, MD | $11,216,187 | $4,170,932 |
The George Washington Foundation Fredericksburg, VA | $39,220,156 | $2,847,343 |
Supreme Court Historical Society The Society Washington, DC | $17,156,338 | $2,945,998 |
Jewish Museum Of Maryland Inc Baltimore, MD | $10,449,720 | $1,816,482 |
United States Capitol Historical Society Washington, DC | $4,034,736 | $2,470,832 |
Society For The Preservation Of Maryland Antiquities Baltimore, MD | $15,413,425 | $2,795,818 |
Foundation For Art And Preservation In Embassies Washington, DC | $17,050,198 | $4,135,429 |