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Nonprofiteer
← THE AMERICAN FRIENDS OF THE BRITISH MUSEUM INC

Form 990 for tax year 2023

Filed by THE AMERICAN FRIENDS OF THE BRITISH MUSEUM INC.

Totals

Total revenue
$3,939,683
Total expenses
$1,322,785
Contributions and grants received
$3,785,997
Grants paid
$1,201,413
Program service revenue
$0
Investment income
$153,686
Other revenue
$0
Total assets, end of year
$5,496,684
Total liabilities, end of year
$21,219
Net assets or fund balances, end of year
$5,475,465
Program services expenses (Part IX)
$1,201,413
Management and general expenses
$121,372
Fundraising expenses
$0
Program service expenses (Part III)
$1,201,413

Program services were 90.8% 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

    $3,785,997

  • 1g · Noncash contributions included above

    $97,850

  • 3 · Investment income

    total $159,708 · excluded $159,708

  • 7a · Gross sales of assets other than inventory

    securities $179,994

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

    securities $186,016

  • 7c · Gain or loss

    securities -$6,022

  • 7d · Net gain or loss

    total -$6,022 · excluded -$6,022

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $1,201,413 · program services $1,201,413

  • 11a · Fees: management

    total $81,300 · management and general $81,300

  • 11c · Fees: accounting

    total $11,629 · management and general $11,629

  • 11f · Fees: investment management

    total $22,789 · management and general $22,789

  • 13 · Office expenses

    total $5,654 · management and general $5,654

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $58,852 · end of year $236,062

  • 2 · Savings and temporary cash investments

    beginning of year $367,017 · end of year $2,545,991

  • 3 · Pledges and grants receivable

    beginning of year $4,964

  • 11 · Investments: publicly traded securities

    beginning of year $1,990,652 · end of year $2,539,181

  • 15 · Other assets

    beginning of year $77,600 · end of year $175,450

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,124 · end of year $21,219

  • 27 · Net assets without donor restrictions

    beginning of year $822,621 · end of year $3,500,526

  • 28 · Net assets with donor restrictions

    beginning of year $1,655,340 · end of year $1,974,939

Mission and programs · 2023

Mission

AMERICAN FRIENDS OF THE BRITISH MUSEUM, INC. (AFBM) WAS ESTABLISHED IN 1989 AS A U.S. NOT-FOR-PROFIT ORGANIZATION. THE PRINCIPAL ACTIVITY OF AFBM IS TO RAISE AWARENESS OF THE ACTIVITIES AND COLLECTIONS OF THE BRITISH MUSEUM AMONG AMERICANS IN THE U.S. AND OVERSEAS. THIS WILL FACILITATE THE ACHIEVEMENT OF THE FINANCIAL, CUSTODIAL AND COLLECTING GOALS OF THE BRITISH MUSEUM.

Activities or mission (Part I)

TO RAISE AWARENESS OF THE ACTIVITIES AND COLLECTIONS OF THE BRITISH MUSEUM AMONG AMERICANS IN THE U.S. AND OVERSEAS IN ORDER TO SUPPORT THE BRITISH MUSEUM'S FINANCIAL, CUSTODIAL AND COLLECTING GOALS.

  • THE PRINCIPAL ACTIVITY OF AFBM IS TO RAISE AWARENESS OF THE ACTIVITIES AND COLLECTIONS OF THE BRITISH MUSEUM AMONG AMERICANS IN THE U.S. AND OVERSEAS. THIS WILL FACILITATE THE ACHIEVEMENT OF THE FINANCIAL, CUSTODIAL AND COLLECTING GOALS OF THE BRITISH MUSEUM. AFBM MADE GRANTS OF $1,201,413 TO THE BRITISH MUSEUM IN SUPPORT OF THIS PURPOSE.

    Expenses $1,201,413 · Grants $1,201,413

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

Listed in Part VII

  • John Micklethwait

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Donna Perret Rosen

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Jonathan H Kagan

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jenny Young Du Pont

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Brook Berlind

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nancy Novogrod

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barbara Paul Robinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Clark B Winter Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • George Osborne

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • David Sabel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Nicholas Cullinan

    EX-OFFICIO

    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
9 June 2025
IRS schema version
2023v6.0
Source object
202512029349300846

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