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← FRIENDS OF NEW CURATORS INC

Form 990 for tax year 2024

Filed by FRIENDS OF NEW CURATORS INC.

Totals

Total revenue
$662,562
Total expenses
$579,765
Contributions and grants received
$611,789
Grants paid
$570,000
Program service revenue
$0
Investment income
$50,773
Other revenue
$0
Total assets, end of year
$1,717,240
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,717,240
Program services expenses (Part IX)
$570,000
Management and general expenses
$9,765
Fundraising expenses
$0
Program service expenses (Part III)
$570,000

Program services were 98.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $611,789

  • 3 · Investment income

    total $50,773 · excluded $50,773

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $570,000 · program services $570,000

  • 11c · Fees: accounting

    total $8,694 · management and general $8,694

  • 24a · Other expenses: HARBOR TAX COMPLIANCE

    total $1,071 · management and general $1,071

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $271,817 · end of year $473,841

  • 2 · Savings and temporary cash investments

    beginning of year $1,359,432 · end of year $1,243,399

  • 27 · Net assets without donor restrictions

    beginning of year $1,631,249 · end of year $1,717,240

Mission and programs · 2024

Mission

ORGANIZATION WILL MAKE GRANTS TO SUPPORT AND ASSIST ACTIVITIES THAT ADVANCE EDUCATION IN THE FIELD OF ART CURATING INCLUDING, TO THE EXTENT ALLOWED BY THE CODE, THE NEW CURATORS WHICH IS LOCATED IN THE UNITED KINGDOM. ALL GRANTS WILL BE MADE IN ACCORDANCE WITH THE GRANTS POLICIES AND PROCEDURES DESCRIBED IN PART IV.

Activities or mission (Part I)

SUPPORT AND ASSIST ACTIVITIES THAT ADVANCE EDUCATION IN THE FIELD OF ART CURATING.

  • THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS NOW IN EFFECT OR AS MAY HEREAFTER BE AMENDED (THE "CODE"). MORE SPECIFICALLY, THE CORPORATION IS FORMED TO PROVIDE FINANCIAL SUPPORT FOR ACTIVITIES THAT ADVANCE EDUCATION IN THE FIELD OF ART CURATING INCLUDING, TO THE EXTENT ALLOWED BY THE CODE, THE NEW CURATORS LOCATED IN THE UNITED KINGDOM.

    Expenses $570,000 · Grants $570,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Miyoung Lee

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Alfred Giuffrida

    TREASURER (UNTIL 8/24)

    Total calculated
    $0
    Hours/week
    1
  • Abigail Goodman

    SECRETARY (AS OF 8/24)

    Total calculated
    $0
    Hours/week
    1
  • Alexandra Von Obelitz

    TREASURER (AS OF 8/24)

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
16 May 2025
IRS schema version
2024v5.1
Source object
202511399349300021

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