Friends Of Florence
- Assets
- $6.0m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 07/1998
- Data as of
- 12/2021
- EIN
- 91-1878427
Organization Overview
Friends Of Florence is located in Washington, DC. The organization was established in 1998. 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 Florence 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, Friends Of Florence generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.2% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 2.6% per year over the past 7 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
PRESERVING AND ENHANCING THE CULTURAL AND HISTORICAL INTEGRITY OF THE ARTS FOUND IN THE CITY AND REGION OF FLORENCE ITALY AND TO INCREASE PUBLIC UNDERSTANDING AND APPRECIATION THROUGH EDUCATIONAL PROGRAMS AND EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES FUNDING TO PRESERVE AND ENHANCE THE CULTURAL AND HISTORICAL INTEGRITY OF THE ARTS FOUND IN AND ORIGINATING FROM THE CITY AND REGION OF FLORENCE, ITALY THIS WORK HAS INCLUDED EXTENSIVE RESTORATION PROJECTS AT THE UFFIZI GALLERY, BAPTISTRY, SAN MARCO, SANTA CROCE AND ACCADEMIA AMONG OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Collins Vice President | OfficerTrustee | 0 | $0 |
Joann K Gardner Secretary | OfficerTrustee | 0 | $0 |
Simonetta Brandolini D'adda President | OfficerTrustee | 0 | $0 |
Phillip Hughes Treasurer | OfficerTrustee | 0 | $0 |
Marchese Piero Antinori Trustee | Trustee | 0 | $0 |
James P Morton Trustee | Trustee | 0 | $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 | $2,454,029 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,454,029 |
| Total Program Service Revenue | $0 |
| Investment income | $1,881 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $919 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,334,864 |
| 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. | $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 | $0 |
| Fees for services: Legal | $4,950 |
| Fees for services: Accounting | $30,233 |
| 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 | $858 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $385 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,342 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,835 |
| Insurance | $6,294 |
| All other expenses | $30,420 |
| Total functional expenses | $1,094,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,141,576 |
| Savings and temporary cash investments | $2,609,335 |
| Pledges and grants receivable | $95,820 |
| 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 | $4,462 |
| Prepaid expenses and deferred charges | $96,865 |
| Net Land, buildings, and equipment | $1,951 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $64,170 |
| Other assets | $0 |
| Total assets | $6,014,179 |
| Accounts payable and accrued expenses | $49,826 |
| Grants payable | $0 |
| Deferred revenue | $192,000 |
| 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 | $241,826 |
| Net assets without donor restrictions | $1,405,779 |
| Net assets with donor restrictions | $4,366,574 |
| 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 | $6,014,179 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Friends Of Florence has recieved totaling $713,600.
| Awarding Organization | Amount |
|---|---|
The Giorgi Family Foundation Temple, PA PURPOSE: GENERAL DONATION | $488,264 |
Peter Fogliano & Hal Lester Foundation Inc Carmel, CA PURPOSE: RESTORATION OF SAN MARCO MUSEUM: PALA BOSCO DEI FRATI BY FRA ANGELICO IN SALA OSPIZIO | $80,000 |
Alexander Bodini Foundation New York, NY PURPOSE: ARTWORK RESTORATION SPONSORSHIP | $67,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $30,500 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $20,250 |
The Ross Charitable Foundation New York, NY PURPOSE: GENERAL PURPOSE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mid Atlantic Arts Inc Baltimore, MD | $4,986,510 | $4,229,657 |
Virginia Foundation For The Humanities And Public Policy Charlottesville, VA | $13,497,972 | $6,667,303 |
Millennium Water Alliance Washington, DC | $3,039,056 | $3,946,433 |
Americans For Public Trust Alexandria, VA | $249,074 | $3,628,537 |
Sarcoma Foundation Of America Inc Damascus, MD | $9,642,356 | $3,973,362 |
Foundation For Advancement In Conservation Washington, DC | $8,492,434 | $1,990,883 |
Walter Kaitz Foundation Washington, DC | $4,291,830 | $1,584,583 |
Casey Cares Foundation Inc Columbia, MD | $1,991,956 | $2,113,967 |
Chesterfield Cultural Arts Foundation Chester, VA | $1,189,257 | $621,062 |
Sharebaby Baltimore, MD | $970,929 | $1,403,551 |
Friends Of The National World War Ii Memorial Inc Washington, DC | $4,687,360 | $2,821,609 |
Friends Of Florence Washington, DC | $6,014,179 | $2,334,864 |