The Versailles Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237088677 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is The Versailles Foundation Inc?

The Versailles Foundation Inc, located in New York City, is a nonprofit organization dedicated to fostering harmonious relations between the American and French citizens. Their primary mission is the preservation, maintenance, and restoration of historical landmarks, notably the Chateau de Versailles, Claude Monet's Giverny Museum and Gardens, and other significant sites in France, the U.S., and internationally. The Foundation's activities extend beyond just preservation, encompassing the support of artist and volunteer programs at Monet's home. The Organization's President plays a crucial role in overseeing restoration projects in France and the U.S., and maintains close connections with donors. With a small team of two employees, the Versailles Foundation Inc remains committed to preserving cultural heritage and promoting transatlantic relations.


Official website here: www.theversaillesfoundation.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 88% (Three-Star out of Four Star rating)

The Versailles Foundation Inc has received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 88%. This rating emphasizes the organization's accountability and finance aspects, which are crucial for ensuring transparency and effective management. The foundation has shown strong performance in several areas, including a high program expense ratio of 69.62%, indicating a significant portion of its resources are directed towards its programs.

The rating also highlights positive governance with a majority of independent board members and a well-sized independent board. The organization has successfully maintained no material diversion of assets and has comprehensive financial oversight, as evidenced by its audit and oversight committee. Additionally, its liabilities to assets ratio is very low at 0.14%, suggesting solid financial health.

However, there are notable limitations, particularly the absence of key policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. These missing elements could impact the organization's overall governance practices and raise questions regarding its commitment to best practices in accountability. Addressing these gaps may enhance the foundation's credibility and effectiveness.


This AI summary has been generated from information found on Charity Navigator.

Is The Versailles Foundation Inc legitimate?

The Versailles Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Versailles Foundation Inc 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: $197,917
Professional Fundraising Fees: $0
Other Salaries and Wages: $107,000

For more financial information, click here


Official website here: www.theversaillesfoundation.com

What is the mission statement of The Versailles Foundation Inc?

The Versailles Foundation Inc, as its mission, works towards fostering harmony between the citizens of the United States and France by aiding in the preservation, maintenance, and renovation of various historical sites in France, the U.S., and internationally. The organization is dedicated to supporting the restoration and upkeep of historical monuments and buildings, including those at Versailles and Giverny in France, and other locations globally. Additionally, it backs artist and volunteer programs at Claude Monet's residence and gardens in France. The President of the Foundation regularly oversees ongoing projects in France and Europe, and in the U.S., connects with donors to maintain close relations. Fund transfers are closely monitored by the Foundation's Board of Directors.


Official website here: www.theversaillesfoundation.com

Who is the CEO of The Versailles Foundation Inc?

Barbara De Portago is the Director of The Versailles Foundation Inc.


Official website here: www.theversaillesfoundation.com

What is the revenue of The Versailles Foundation Inc?

The Versailles Foundation Inc's revenue in 2022 was $1,372,433.


Official website here: www.theversaillesfoundation.com

Who are the executives of The Versailles Foundation Inc and what are their salaries?

The average compensation at The Versailles Foundation Inc during 2022 was $152,458. There are 2 employees at The Versailles Foundation Inc.


Here are 7 key members and their salaries:


Gillian Spreckles Fuller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Camila Koenig (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicolas Calbos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russell A Grant (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara De Portago (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
David R Stack (Treas. / Sec.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Rhodes (Charge D'Affaires)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.theversaillesfoundation.com

Where can I find the form 990 for The Versailles Foundation Inc?

The Versailles Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.theversaillesfoundation.com

Learn more at the official website: www.theversaillesfoundation.com

Mission Statement of The Versailles Foundation Inc

The Versailles Foundation Inc, in its mission, is dedicated to fostering amicable relations between the citizens of the United States and France. It accomplishes this by aiding in the preservation, maintenance, and rehabilitation of various historical monuments and sites, not just in France and the United States, but also internationally. The organization plays a significant role in the restoration and upkeep of notable landmarks, such as those at Versailles and Giverny in France, and at other locations globally.

Beyond preserving historical sites, The Versailles Foundation Inc also supports artist and volunteer programs on the grounds of Claude Monet's home and gardens in France. The organization's President actively oversees ongoing restoration projects both in Europe and the United States, and maintains close relationships with the foundation's donors in the U.S. The Board of Directors ensures strict monitoring of all financial transactions, further emphasizing the organization's commitment to its mission.

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Impact




October, 2024

The Versailles Foundation Inc significantly enhances cultural relations between the United States and France through its efforts in preserving and rehabilitating historic monuments. By focusing on renowned sites such as the Château de Versailles and the Giverny Claude Monet Museum and Gardens, the foundation ensures that these treasures remain intact for future generations.

Its initiatives not only safeguard architectural and artistic heritage but also foster an appreciation for the arts. The foundation organizes various programs that engage artists and volunteers, promoting cultural exchange and artistic development. The active involvement of its leadership, which travel regularly to oversee projects and maintain relationships with donors, further emphasizes its commitment to these causes.

Through its restoration efforts, The Versailles Foundation Inc helps elevate historical consciousness, enriches cultural understanding, and encourages an ongoing dialogue about art and history on an international scale. The impact is felt not only in the preservation of physical sites but also in the cultivation of a shared cultural legacy that connects individuals across borders.




This information is meant to be a general summary of The Versailles Foundation Inc. 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.

Revenue
$1,372,433 (2022)
Expenses
$1,227,273 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $879,989
  • Gross Receipts: $8,699,467

Assets and Liabilities:

  • Total Assets: $11,954,868
  • Total Liabilities: $17,338
  • Net Assets: $11,937,530

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Organization Details

Founding Year

1970

Principal Officer

Barbara De Portago

Main Address

267 Fifth Avenue 912, New York, NY, 10016

NTEE Category

Code: A80 - Arts

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