AMERICAN FRIENDS OF THE SHANGHAI MUSEUM INC

EIN: 133813924 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$233,766
Total Expenses
$289,673
Total Assets
$1,826,811
Net Assets
$1,826,037
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
NY
Principal Officer
PATRICIA PEI
Phone
2125356333
Tax Period
2024-01-01 to 2024-12-31

AMERICAN FRIENDS OF THE SHANGHAI MUSEUM INC, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $234K in total revenue in fiscal year 2024. Revenue surged 143% from the prior year, signaling strong growth momentum. Expenses of $290K exceeded revenue, resulting in a 24% operating deficit.

Mission

FOUNDED IN 1995, THE AMERICAN FRIENDS OF THE SHANGHAI MUSEUM IS A NOT-FOR-PROFIT ORGANIZATION WHOSE MISSION IS TO RAISE AWARENESS AND FINANCIAL SUPPORT FOR THE SHNAGHAI MUSEUM, CONTINUING A DISTINGUISHED HISTORY OF PATRON SUPPORT FOR CHINA'S FOREMOST ART MUSEUM.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $178,706
Program Service Revenue $0
Investment Income $55,060
Other Revenue $0
TOTAL REVENUE $233,766

Expense Breakdown

Grants Paid $180,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $277,774
Other Expenses $109,673
TOTAL EXPENSES $289,673

Year-over-Year Comparison

2024 2023 Change
Revenue $233,766 $96,019 +1.4%
Expenses $289,673 $101,799 +1.8%
Net Income $-55,907 $-5,780 +8.7%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA PEI PRESIDENT 0.50
Officer Director
$0 $0 $0
SHAU-WAI LAM TREASURER 0.50
Officer Director
$0 $0 $0
PETER KIMMELMAN DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM M GRISWOLD DIRECTOR 0.50
Director
$0 $0 $0
MIMI GATES DIRECTOR 0.50
Director
$0 $0 $0
JANINE LUKE SECRETARY 0.50
Officer Director
$0 $0 $0
CLARA XING DIRECTOR 0.50
Director
$0 $0 $0
JAY XU DIRECTOR 0.50
Director
$0 $0 $0
CHRISTINA YU YU DIRECTOR 0.50
Director
$0 $0 $0
GEORGE FAN DIRECTOR 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $233,766 $289,673 $1,826,811 $-55,907
2023 $96,019 $101,799 $1,477,290 $-5,780
2022 $92,837 $281,435 $1,372,250 $-188,598
2021 $107,263 $78,300 $1,877,675 $28,963
2020 $363,535 $119,961 $1,633,442 $243,574
2019 $171,342 $201,091 $1,448,058 $-29,749
2018 $172,045 $116,024 $1,054,330 $56,021
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