← FOUNDATION FOR ART AND PRESERVATION IN EMBASSIES

Form 990 for tax year 2022

Filed by FOUNDATION FOR ART AND PRESERVATION IN EMBASSIES.

Totals

Total revenue: $2,426,777
Total expenses: $3,724,918
Contributions and grants received: $1,914,202
Grants paid: $0
Program service revenue: $0
Investment income: $512,575
Other revenue: $0
Total assets, end of year: $14,486,410
Total liabilities, end of year: $12,580
Net assets or fund balances, end of year: $14,473,830
Program services expenses (Part IX): $2,973,621
Management and general expenses: $279,305
Fundraising expenses: $471,992
Program service expenses (Part III): $2,973,621

Program services were 79.8% 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

$1,914,202
1g · Noncash contributions included above

$40,636
3 · Investment income

total $159,336 · excluded $159,336
7a · Gross sales of assets other than inventory

securities $413,069
7b · Less cost or other basis and sales expenses

securities $59,830
7c · Gain or loss

securities $353,239
7d · Net gain or loss

total $353,239 · excluded $353,239

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $306,571 · program services $122,628 · management and general $61,315 · fundraising $122,628
7 · Other salaries and wages

total $98,460 · program services $39,384 · management and general $19,692 · fundraising $39,384
8 · Pension plan contributions

total $12,028 · program services $4,811 · management and general $2,406 · fundraising $4,811
9 · Other employee benefits

total $15,483 · program services $6,193 · management and general $3,097 · fundraising $6,193
10 · Payroll taxes

total $22,322 · program services $8,939 · management and general $4,444 · fundraising $8,939
11b · Fees: legal

total $5,625 · management and general $5,625
11c · Fees: accounting

total $33,188 · program services $3,483 · management and general $29,705
11f · Fees: investment management

total $56,177 · management and general $56,177
11g · Fees: other

total $304,910 · program services $262,948 · management and general $12,364 · fundraising $29,598
13 · Office expenses

total $153,492 · program services $17,467 · management and general $30,045 · fundraising $105,980
14 · Information technology

total $56,772 · program services $15,647 · management and general $25,800 · fundraising $15,325
16 · Occupancy

total $125,624 · program services $72,504 · management and general $17,707 · fundraising $35,413
17 · Travel

total $60,625 · program services $26,347 · management and general $9,218 · fundraising $25,060
23 · Insurance

total $18,151 · program services $18,151
24a · Other expenses: Artwork donated to emba

total $2,208,428 · program services $2,208,428
24b · Other expenses: Art crating/shipping/st

total $104,227 · program services $103,090 · management and general $610 · fundraising $527
24c · Other expenses: Events

total $91,578 · program services $12,344 · management and general $1,100 · fundraising $78,134
24d · Other expenses: Framing/labeling

total $51,257 · program services $51,257

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $1,022,138 · end of year $928,362
2 · Savings and temporary cash investments

beginning of year $828,918 · end of year $1,122,215
3 · Pledges and grants receivable

beginning of year $1,553,552 · end of year $1,651,105
9 · Prepaid expenses and deferred charges

beginning of year $2,509 · end of year $2,607
11 · Investments: publicly traded securities

beginning of year $9,169,079 · end of year $7,667,573
15 · Other assets

beginning of year $4,474,002 · end of year $3,114,548
17 · Accounts payable and accrued expenses

beginning of year $7,884 · end of year $12,580
27 · Net assets without donor restrictions

beginning of year $10,412,927 · end of year $7,934,999
28 · Net assets with donor restrictions

beginning of year $6,629,387 · end of year $6,538,831

Mission and programs · 2022

Mission

See Schedule O

Activities or mission (Part I)

The Foundation for Art and Preservation in Embassies (FAPE) is dedicated to enhancing the United States' image abroad through American Art. Founded as a public-private, non-partisan partnership in 1986, FAPE works with the U.S. Department of State to contribute fine art to U.S. embassies around the world. FAPE's donations include works by more than 250 preeminent American artists placed in more than 140 countries.

To assist the State Department's Bureau of Overseas Buildings Operations (OBO) in its various programs designed to exhibit and preserve fine art in U.S. embassies around the world. FAPE fulfills its mission through site-specific commissions, the Original Print and Photography Collections, preservation projects and other arts initiatives. The main program activities of FAPE are: (1) Site-Specific Collection - FAPE donates permanent site-specific artworks for select new U.S. embassies being constructed. (2) Lee Kimche McGrath Original Print Collection - each year an American artist contributes an edition of prints for permanent display in U.S. embassies. (3) Photography Collection - In 2013, FAPE established a collection of photography which will grow to include a new addition annually.

Expenses $2,973,621

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Jo Carole Lauder

Chairman

Total calculated

$0

Hours/week

15
Eden Rafshoon

President

Total calculated

$0

Hours/week

15
Darren Walker

Vice President

Total calculated

$0

Hours/week

5
Wendy L Luers

President Emerita

Total calculated

$0

Hours/week

1
W Harrison Wellford

Treasurer

Total calculated

$0

Hours/week

2
Vera Blinken

Board member

Total calculated

$0

Hours/week

1
Anne Buford

Board member

Total calculated

$0

Hours/week

1
Bob Colacello

Board member

Total calculated

$0

Hours/week

1
Brian D Dailey

Board member

Total calculated

$0

Hours/week

1
George L Farias

Board member

Total calculated

$0

Hours/week

1
Maryscott Greenwood

Board member

Total calculated

$0

Hours/week

1
Agnes Gund

Board member

Total calculated

$0

Hours/week

1
Elizabeth Kabler

Board member

Total calculated

$0

Hours/week

1
Christian Keesee

Board member

Total calculated

$0

Hours/week

1
Suydam R Lansing

Board member

Total calculated

$0

Hours/week

1
Marc E Leland

Board member

Total calculated

$0

Hours/week

1
Dorothy Lichtenstein

Board member

Total calculated

$0

Hours/week

1
Carol Mack

Board member

Total calculated

$0

Hours/week

1
Nancy Marks

Board member

Total calculated

$0

Hours/week

1
Peter Norton

Board member

Total calculated

$0

Hours/week

1
Daniel Romualdez

Board member

Total calculated

$0

Hours/week

1
Stephen M Salny

Board member

Total calculated

$0

Hours/week

1
Jack Shear

Board member

Total calculated

$0

Hours/week

1
Wendy Stark

Board member

Total calculated

$0

Hours/week

1
John J Studzinski CBE

Board member

Total calculated

$0

Hours/week

1
Alice Tisch

Board member

Total calculated

$0

Hours/week

1
Maria Hummer-Tuttle

Board member

Total calculated

$0

Hours/week

1
Jill Cooper Udall

Board member

Total calculated

$0

Hours/week

1
Olga Votis

Board member

Total calculated

$0

Hours/week

1
David Walentas

Board member

Total calculated

$0

Hours/week

1
Aerin Lauder Zinterhofer

Board member

Total calculated

$0

Hours/week

1
Jennifer A Duncan

Director

Total calculated

$305,570

From this org

$258,500

From related orgs

$0

Other

$47,070

Hours/week

40

Schedule J breakdown matched by us

Base

$258,500

Bonus

$0

Other

$0

Deferred

$35,210

Nontaxable benefits

$11,860

Filer's total

$305,570

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

3 · Compensation committee
3 · Compensation survey or study
3 · Approval by the board or compensation committee

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2022
Filed: 20 October 2023
IRS schema version: 2022v5.0
Source object: 202312979349301501

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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