American Friends of the National Gallery of Canada Inc

EIN: 263572080 501(c)(3) Arts, Culture & Humanities

New York, NY

Total Revenue
$32,948
Total Expenses
$288
Total Assets
$216,081
Net Assets
$31,542
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
DE
Principal Officer
Karen Colby-Stothart
Phone
3439985506
Tax Period
2024-01-01 to 2024-12-31

American Friends of the National Gallery of Canada Inc, founded in 2008, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $33K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $33K, a strong 99% operating margin.

Mission

TO PROMOTE CANADIAN ART AND AID IN BRINGING MORE ART TO THE PEOPLE OF CANADA.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

The American Friends of the National Gallery of Canada accepts artwork donations from American entities and makes them available for extended loan to the National Gallery of Canada with the purpose...

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The American Friends of the National Gallery of Canada accepts artwork donations from American entities and makes them available for extended loan to the National Gallery of Canada with the purpose of ultimately donating these artworks to the National Gallery of Canada.

Program 2
Expenses: $0 Revenue: $0

Donations to the National Gallery of Canada to assist in the promotion of Canadian art and bringing art to the Canadian people.

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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 $0
Program Service Revenue $0
Investment Income $0
Other Revenue $32,948
TOTAL REVENUE $32,948

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $288
TOTAL EXPENSES $288

Year-over-Year Comparison

2024 2023 Change
Revenue $32,948 $28,217 +0.2%
Expenses $288 $38,488 -1.0%
Net Income $32,660 $-10,271 -4.2%
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

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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
6
Independent Members
N/A
Employees
N/A
Volunteers
6

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
1
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Thomas d'Aquino Director 0.0
Director
$0 $0 $0
Michael Adams Director 0.0
Director
$0 $0 $0
Sandra Pike Director 0.0
Director
$0 $0 $0
Karen Colby-Stothart CHAIR OF THE BOARD 0.0
Officer Director
$0 $0 $0
Lisa Turcotte Director 0.0
Director
$0 $0 $0
Glen Bloom Director 0.0
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 $32,948 $288 $216,081 $32,660
2023 $28,217 $38,488 $115,174 $-10,271
2022 $176,450 $168,211 $144,077 $8,239
2021 No data $6,546 $112,091 No data
2020 $319,516 $312,320 $110,323 $7,196
2019 $1,740 $5,160 $130,824 $-3,420
2018 No data $4,214 $129,088 No data
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