Form 990 for tax year 2024
Filed by THE AMERICAN FRIENDS OF THE BRITISH MUSEUM INC.
Totals
- Total revenue
- $2,822,829
- Total expenses
- $3,699,691
- Contributions and grants received
- $2,601,543
- Grants paid
- $3,572,910
- Program service revenue
- $0
- Investment income
- $221,286
- Other revenue
- $0
- Total assets, end of year
- $4,704,850
- Total liabilities, end of year
- $20,825
- Net assets or fund balances, end of year
- $4,684,025
- Program services expenses (Part IX)
- $3,572,910
- Management and general expenses
- $126,781
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,572,910
Program services were 96.6% 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
$2,601,543
-
1g · Noncash contributions included above
$781,487
-
3 · Investment income
total $162,809 · excluded $162,809
-
7a · Gross sales of assets other than inventory
securities $347,572
-
7b · Less cost or other basis and sales expenses
securities $289,095
-
7c · Gain or loss
securities $58,477
-
7d · Net gain or loss
total $58,477 · excluded $58,477
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $3,572,910 · program services $3,572,910
-
11a · Fees: management
total $81,300 · management and general $81,300
-
11c · Fees: accounting
total $14,500 · management and general $14,500
-
11f · Fees: investment management
total $25,668 · management and general $25,668
-
13 · Office expenses
total $5,313 · management and general $5,313
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $236,062 · end of year $128,867
-
2 · Savings and temporary cash investments
beginning of year $2,545,991 · end of year $225,587
-
3 · Pledges and grants receivable
end of year $657,149
-
9 · Prepaid expenses and deferred charges
end of year $20,687
-
11 · Investments: publicly traded securities
beginning of year $2,539,181 · end of year $2,795,610
-
15 · Other assets
beginning of year $175,450 · end of year $876,950
-
17 · Accounts payable and accrued expenses
beginning of year $21,219 · end of year $20,825
-
27 · Net assets without donor restrictions
beginning of year $3,500,526 · end of year $1,910,848
-
28 · Net assets with donor restrictions
beginning of year $1,974,939 · end of year $2,773,177
Mission and programs · 2024
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 $3,572,910 TO THE BRITISH MUSEUM IN SUPPORT OF THIS PURPOSE.
Expenses $3,572,910 · Grants $3,572,910
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
John MicklethwaitJOHN MICKLETHWAIT
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Donna Perret RosenDONNA PERRET ROSEN
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan H KaganJONATHAN H KAGAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Jenny Young Du PontJENNY YOUNG DU PONT
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Brook BerlindBROOK BERLIND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nancy NovogrodNANCY NOVOGROD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Barbara Paul RobinsonBARBARA PAUL ROBINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Clark B Winter JrCLARK B WINTER JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
George OsborneGEORGE OSBORNE
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
David SabelDAVID SABEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Nicholas CullinanDR NICHOLAS CULLINAN
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Lisa HessLISA HESS
DIRECTOR
- 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
- 21 July 2026
- IRS schema version
- 2024v5.5
- Source object
- 202622089349300912
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