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Nonprofiteer
← AMERICAN FRIENDS OF THE NATIONAL GALLERY LONDON INC

Form 990 for tax year 2023

Filed by AMERICAN FRIENDS OF THE NATIONAL GALLERY LONDON INC.

Totals

Total revenue
$8,010,799
Total expenses
$34,444,239
Contributions and grants received
$5,116,420
Grants paid
$34,084,644
Program service revenue
$0
Investment income
$2,894,379
Other revenue
$0
Total assets, end of year
$287,376,888
Total liabilities, end of year
$20,070,435
Net assets or fund balances, end of year
$267,306,453
Program services expenses (Part IX)
$34,444,239
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$34,444,239

Program services were 100.0% 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

    $5,116,420

  • 3 · Investment income

    total $1,230,818 · excluded $1,230,818

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $17,066,490

  • 7b · Less cost or other basis and sales expenses

    securities $15,402,929

  • 7c · Gain or loss

    securities $1,663,561

  • 7d · Net gain or loss

    total $1,663,561

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $34,084,644 · program services $34,084,644

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $49,500 · program services $49,500

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $159,784 · program services $159,784

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $95,954 · program services $95,954

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $4,316 · program services $4,316

  • 14 · Information technology

    total $872 · program services $872

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $8,501 · program services $8,501

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $3,046 · program services $3,046

  • 24a · Other expenses: NGL PROVIDED SERVICES

    total $35,000 · program services $35,000

  • 24b · Other expenses: FILING FEES

    total $1,807 · program services $1,807

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $815 · program services $815

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $24,274,803 · end of year $15,575,241

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $900,246

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,823 · end of year $102,279

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $2,470,553 · end of year $14,395,606

  • 12 · Investments: other securities

    beginning of year $224,253,700 · end of year $256,263,573

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $310,067 · end of year $139,943

  • 17 · Accounts payable and accrued expenses

    beginning of year $48,895 · end of year $50,541

  • 18 · Grants payable

    beginning of year $0 · end of year $20,019,894

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $250,562,310 · end of year $266,188,209

  • 28 · Net assets with donor restrictions

    beginning of year $719,741 · end of year $1,118,244

Mission and programs · 2023

Mission

SEE SCHEDULE O

  • THIS GRANT WAS MADE TO SUPPORT THE ACQUISITION OF THE PAINTING - "THE VIRGIN AND CHILD WITH SAINTS LOUIS, MARGARET AND TWO ANGELS".

    Expenses $20,019,894 · Grants $20,019,894

  • THIS GRANT WAS MADE TO SUPPORT THE NATIONAL GALLERY'S NG200 PROJECT - CELEBRATING 200 YEARS OF THE NATIONAL GALLERY. THIS GRANT WAS FUNDED IN PART BY A $301,745 CONTRIBUTION RECEIVED FROM THE DEBORAH LOEB BRICE FOUNDATION.

    Expenses $6,639,360 · Grants $6,639,360

  • THIS GRANT WAS MADE TO SUPPORT THE ACQUISITION OF THE PAINTING - "SAINT BARTHOLOMEW" BY BERNARDO CAVALLINO.

    Expenses $3,922,000 · Grants $3,922,000

  • Van Gogh exhibitions

    Expenses $1,928,367 · Grants $1,928,367

  • St Francis of Assisi

    Expenses $700,000 · Grants $700,000

  • Curator in Art and Religion

    Expenses $220,243 · Grants $220,243

  • Conservation of Reuben's The Judgement of Paris

    Expenses $150,000 · Grants $150,000

  • Exhibition After Impressionism

    Expenses $123,269 · Grants $123,269

  • Curator of Post 1800 Paintings at the national gal

    Expenses $100,000 · Grants $100,000

  • Art road trip

    Expenses $100,000 · Grants $100,000

  • Curatorial Dept

    Expenses $69,641 · Grants $69,641

  • Anna Jameson, Erika Langmuir, Stacia Apostolos Fun

    Expenses $30,000 · Grants $30,000

  • Intl Circle

    Expenses $25,000 · Grants $25,000

  • Exhibition National Treasures

    Expenses $24,900 · Grants $24,900

  • Take One Picture

    Expenses $15,000 · Grants $15,000

  • Film on Framing and Women Framers

    Expenses $10,000 · Grants $10,000

  • Young Ambassadors

    Expenses $6,970 · Grants $6,970

  • Investment Management Expenses

    Expenses $95,954

  • Interest Expense

    Expenses $8,501

  • General and Administrative Expenses

    Expenses $255,140

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Hannah Rothschild

    CHAIR AND PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • William B Beekman

    DIRECTOR AND TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Julia Brody

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jason MacDonald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David O'Connor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kenneth S Davidson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Getty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rosemary Leith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul S Levy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lauren A Meserve

    DIRECTOR AND SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Angelica Z Rudenstine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew Fowler

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Andy Hibbert

    ASSISTANT TREASURER

    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
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202423189349305237

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