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← AMERICAN FRIENDS OF CAPODIMONTE

Form 990 for tax year 2023

Filed by AMERICAN FRIENDS OF CAPODIMONTE.

Totals

Total revenue
$244,811
Total expenses
$95,833
Contributions and grants received
$244,811
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$320,883
Total liabilities, end of year
$5,816
Net assets or fund balances, end of year
$315,067
Program services expenses (Part IX)
$68,884
Management and general expenses
$19,348
Fundraising expenses
$7,601
Program service expenses (Part III)
$68,884

Program services were 71.9% 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

    $244,811

  • 3 · Investment income

    total $0

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

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $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 $0

  • 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 $50,079 · program services $45,071 · management and general $2,504 · fundraising $2,504

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $3,832 · program services $3,448 · management and general $192 · fundraising $192

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $1,586 · management and general $1,586

  • 11c · Fees: accounting

    total $12,918 · management and general $12,918

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $6,347 · program services $6,347

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $333 · program services $333

  • 20 · Interest

    total $35 · management and general $35

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $208 · management and general $208

  • 23 · Insurance

    total $757 · management and general $757

  • 24a · Other expenses: Meals

    total $8,434 · program services $8,434

  • 24b · Other expenses: Events

    total $3,818 · program services $1,909 · fundraising $1,909

  • 24c · Other expenses: Donations

    total $2,500 · program services $2,500

  • 24d · Other expenses: Marketing

    total $2,400 · fundraising $2,400

  • 24e · All other expenses

    total $2,586 · program services $842 · management and general $1,148 · fundraising $596

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $154,446 · end of year $315,844

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $14,407 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $3,500

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    beginning of year $1,747 · end of year $1,539

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,512 · end of year $4,837

  • 25 · Other liabilities

    beginning of year $999 · end of year $979

  • 27 · Net assets without donor restrictions

    beginning of year $166,089 · end of year $200,067

  • 28 · Net assets with donor restrictions

    end of year $115,000

Mission and programs · 2023

Mission

To engage in activities that support and build awareness of the Museo di Capodimonte, one of Europe's greatest art museums located in Naples, Italy.

  • Over 425 didactic materials were created and installed in Capodimonte's galleries to accompany and explain the artworks on exhibition; all internal documents at Capodimonte were translated into English; guided tours are given to guests of honor at Capodimonte; collaboration with Google Arts & Culture has led to a creation of a comprehensive online platform for the museum and its artworks; collaboration with the Apple Foundations Program; trips are organized from the US for groups of individuals to see the wonders of the Capodimonte in person; presentations are organized and supported by the Organization on a periodic basis; and fellowships are offered to young American art historians to work hands-on in the museum.

    Expenses $68,884

As filed on the 2023 return.

Listed in Part VII

  • Vincent J Buonanno

    Pres Emeritus

    Total calculated
    $0
    Hours/week
    2
  • Gretchen Hirschauer

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Nancy Vespoli

    Vice Chair

    Total calculated
    $0
    Hours/week
    2
  • Bart Livolsi

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Cristina Del Sesto

    President

    Total calculated
    $0
    Hours/week
    15
  • James Anno

    Board Member

    Total calculated
    $0
    Hours/week
    5
  • Francis G M Prins

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Victoria Gath

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Henrietta Hakes

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Mary Ellen Countryman

    Treasurer

    Total calculated
    $0
    Hours/week
    5
  • Sylvain Bellenger

    Director

    Total calculated
    $0
    Hours/week
    1
  • Riccardo Muti

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Benjamin Patton

    Board Member

    Total calculated
    $0
    Hours/week
    0

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
202433179349308293

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