Overview
What is American Friends Of The Art Fund?
American Friends of the Art Fund is a nonprofit organization situated in New York City, specifically at 125 Broad Street. Their primary mission, as stated in Section 501(c)(3) of the Internal Revenue Code, is to foster the appreciation and enjoyment of art. They achieve this by supporting the charitable and educational activities of The Art Fund, a UK-based organization, as well as various museums and art-focused organizations worldwide. Through donations, investments, and the strategic allocation of funds, American Friends of the Art Fund seeks to promote art and its associated activities, thereby contributing to the cultural enrichment of communities worldwide.
Is American Friends Of The Art Fund legitimate?
American Friends Of The Art Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Friends Of The Art Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of American Friends Of The Art Fund?
The American Friends of the Art Fund, abbreviated as AFAF, is a charitable organization operating under Section 501(c)(3) of the Internal Revenue Code. Their mission, in line with their exempt purposes, is to receive, invest, and distribute funds for charitable and educational purposes. They contribute to various charitable organizations, directly supporting activities that align with their charitable objectives. Additionally, AFAF supports and promotes the charitable and educational activities of The Art Fund, a UK-based charity, and encourages the appreciation and enjoyment of art in general.
Who is the CEO of American Friends Of The Art Fund?
Marina A Bezrukova is the Director/President/Treasur of American Friends Of The Art Fund.
What is the revenue of American Friends Of The Art Fund?
American Friends Of The Art Fund's revenue in 2022 was $326,864.
Who are the executives of American Friends Of The Art Fund and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for American Friends Of The Art Fund?
American Friends Of The Art Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of American Friends Of The Art Fund
The American Friends of the Art Fund, as a charitable organization, is dedicated to supporting activities that align with its educational and charitable purposes, as per the Internal Revenue Code Section 501(c)(3). The organization receives funds through donations, bequests, and gifts, which it invests and reinvests as its board of directors deems appropriate. The income and principal derived from these investments are then used to further its charitable objectives.
In line with its mission, the American Friends of the Art Fund contributes to various charitable organizations and directly funds projects that align with its charitable purposes. One of its primary focuses is to support and promote the activities of The Art Fund, a charitable organization based in London, England, operating under a Royal Charter and registered as a charity in the United Kingdom. By doing so, the American Friends of the Art Fund aims to foster the appreciation and enjoyment of art on a global scale.
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Impact
October, 2024
The American Friends of the Art Fund significantly contributes to the appreciation and enjoyment of art by facilitating support for charitable and educational initiatives in the arts. By collaborating with The Art Fund, a respected organization in the UK, AFAF enhances the visibility and access to art-related activities and programs. This partnership not only aids in preserving art heritage but also promotes educational outreach, ensuring that diverse audiences can engage with art.
Through financial contributions and strategic support to museums and various art-supporting organizations, AFAF plays a vital role in fostering a vibrant artistic community. Its impact extends beyond direct financial assistance; by advocating for art appreciation, AFAF cultivates a cultural environment where art can flourish, inspiring creativity and education across communities. Overall, AFAF's efforts help sustain the art ecosystem, ensuring that art remains an integral part of society, enriching lives and fostering a deeper understanding of cultural heritage.
This information is meant to be a general summary of American Friends Of The Art Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,822
- Gross Receipts: $326,864
Assets and Liabilities:
- Total Assets: $198,218
- Total Liabilities: $0
- Net Assets: $198,218
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Organization Details
Founding Year
2006
Phone
(212) 558-4000Principal Officer
Marina A Bezrukova
Main Address
Sullivan Cromwell-125 Broad Stree, New York, NY, 10004
NTEE Category
Code: A12 - Arts
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