THE AMERICAN FRIENDS OF STATENS MUSEUM FOR KUNST LTD

EIN: 270988353 501(c)(3) Education

MONTCLAIR, NJ

Total Revenue
$265,606
Total Expenses
$221,650
Total Assets
$245,297
Net Assets
$245,297
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
DE
Principal Officer
LENA BECK RORVIG
Phone
2128124362
Tax Period
2024-01-01 to 2024-12-31

THE AMERICAN FRIENDS OF STATENS MUSEUM FOR KUNST LTD, founded in 2009, is a small nonprofit in the Education sector that reported $266K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $44K, a strong 17% operating margin.

Mission

AMERICAN FRIENDS OF STATENS MUSEUM FOR KUNST RAISES AWARENESS AND APPRECIATION OF THE COLLECTIONAND THE SPECIAL EXPERTISE THAT CHARCTERIZE STATENS MUSEUM FOR KUNST (THE NATIONAL GALLERY OF DENMARK), ENCOURAGES EXCHANGE OF ART, SKILLS, AND KNOWLEDGE BETWEEN STATENS MUSEUM FOR KUNST AND AMERICAN INSTITUTIONS, AND FOSTERS SUPPORT FOR STATENS MUSEUM FOR KUNST GLOBALLY.

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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 $260,111
Program Service Revenue $0
Investment Income $5,495
Other Revenue $0
TOTAL REVENUE $265,606

Expense Breakdown

Grants Paid $116,580
Salaries & Benefits $0
Fundraising Expenses $36,737
Program Expenses $126,177
Other Expenses $105,070
TOTAL EXPENSES $221,650

Year-over-Year Comparison

2024 2023 Change
Revenue $265,606 $204,700 +0.3%
Expenses $221,650 $175,350 +0.3%
Net Income $43,956 $29,350 +0.5%
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
16
Independent Members
16
Employees
N/A
Volunteers
16

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
5
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LENA BECK RORVIG PRESIDENT & BOARD CHAIR 1.00
Officer Director
$0 $0 $0
MARC HENRY ASST TREASURER & DIRECTOR 1.00
Officer Director
$0 $0 $0
COLLEEN RITZAU-LETH VP, VICE-CHAIR & DIRECTOR 1.00
Officer Director
$0 $0 $0
ANNA HOLLIDAY DIRECTOR 0.50
Director
$0 $0 $0
MARTIN MANNICHE DIRECTOR 0.50
Director
$0 $0 $0
JOLYON STERN DIRECTOR 0.50
Director
$0 $0 $0
ILYA KATSNELSON DIRECTOR 0.50
Director
$0 $0 $0
KHURRAM JAMIL DIRECTOR 0.50
Director
$0 $0 $0
AMB HELLE MEINERTZ DIRECTOR (FROM 8-1-2024) 0.50
Director
$0 $0 $0
GREG MOGA DIRECTOR 0.50
Director
$0 $0 $0
CHRISTIAN DITLEV BRUUN SECRETARY, TREASURER, DIRE 0.50
Officer Director
$0 $0 $0
MOHAMMAD MIRALY DIRECTOR 0.50
Director
$0 $0 $0
ASTRID LA COUR DIRECTOR 0.50
Director
$0 $0 $0
JOHN ODEN DIRECTOR 0.50
Director
$0 $0 $0
ANNE-CECILIE ENGELL SPEYER DIRECTOR 0.50
Director
$0 $0 $0
AMB BERIT BASSE DIRECTOR (THROUGH JUNE 2024) 0.50
Director
$0 $0 $0
HANNE STOVRING EXECUTIVE DIRECTOR 20.00
Officer
$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 $265,606 $221,650 $245,297 $43,956
2023 $204,700 $175,350 $208,866 $29,350
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