SERPENTINE AMERICAS FOUNDATION FKA… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

SUSAN DANILOW

Phone

2125836001

Tax Period

2024-04-01 to 2025-03-31

SERPENTINE AMERICAS FOUNDATION FKA AMERICAS FOUNDATION OF THE SERPENTINE GA, founded in 2014, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.6M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $2.4M left a modest 9% surplus.

Mission

SERPENTINE AMERICAS FOUNDATION ("SAF") WAS FORMED FOR THE PURPOSE OF HELPING MAKE ART, ARCHITECTURE AND DESIGN ACCESSIBLE TO ALL SECTORS OF THE GLOBAL COMMUNITY. SAF WORKS TO ACHIEVE THIS PURPOSE PRIMARILY BY PROVIDING SUPPORT AND ASSISTANCE, THROUGH THE MAKING OF GRANTS, TO THE SERPENTINE TRUST, WHICH IS A TAX-EXEMPT ORGANIZATION IN THE UNITED KINGDOM THAT OWNS AND OPERATES THE SERPENTINE GALLERIES. SAF FOCUSES ON FUNDRAISING IN THE UNITED STATES AND ACROSS THE AMERICAS TO SUPPORT THE SERPENTINE TRUST OR SIMILAR ORGANIZATIONS DEDICATED TO THE PUBLIC APPRECIATION OF THE ARTS.

Program Service Accomplishments

Program 1

Expenses: $1,980,232 Revenue: $2,633,015

SERPENTINE AMERICAS FOUNDATION RAISED FUNDS FROM APPROXIMATELY 80 DONORS TO SUPPORT ITS MISSION OF HELPING MAKING ART ACCESSIBLE TO A WIDER COMMUNITY. IT USED THOSE FUNDS TO ISSUE GRANTS TO THE...

SERPENTINE AMERICAS FOUNDATION RAISED FUNDS FROM APPROXIMATELY 80 DONORS TO SUPPORT ITS MISSION OF HELPING MAKING ART ACCESSIBLE TO A WIDER COMMUNITY. IT USED THOSE FUNDS TO ISSUE GRANTS TO THE SERPENTINE TRUST, WHICH IS A TAX-EXEMPT ORGANIZATION IN THE UNITED KINGDOM THAT OWNS AND OPERATES THE SERPENTINE GALLERIES. GRANTS MADE WERE IN SUPPORT OF MULTIPLE PROGRAMS, INCLUDING SERPENTINE'S EXHIBITIONS SHOWCASING JUDY CHICAGO, LAUREN HALSEY, YAYOI KUSAMA, AND ARPITA SINGH.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,599,075

Program Service Revenue $33,940

Investment Income $12,494

Other Revenue $-10,971

TOTAL REVENUE $2,634,538

Expense Breakdown

Grants Paid $1,703,152

Salaries & Benefits $91,036

Fundraising Expenses $38,268

Program Expenses $1,980,232

Other Expenses $612,996

TOTAL EXPENSES $2,407,184

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,634,538	$2,299,885	+0.1%
Expenses	$2,407,184	$2,314,184	+0.0%
Net Income	$227,354	$-14,299	-16.9%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$14,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN DANILOW	BOARD CHAIR, PRESIDENT (EFF. 10/28/2024)	7.00	Officer Director	$0	$0	$0
SARAH ARISON	DIRECTOR	0.10	Director	$0	$0	$0
ROBIN SAUNDERS	DIRECTOR, VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
MARINA ABRAMOVIC	DIRECTOR	0.10	Director	$0	$0	$0
RIRKRIT TIRAVANIJA	DIRECTOR	0.10	Director	$0	$0	$0
ABIGAIL BARATTA	DIRECTOR, TREASURER	0.10	Officer Director	$0	$0	$0
TED VASSILEV	DIRECTOR	0.10	Director	$0	$0	$0
KASSEEM DEAN	DIRECTOR (UNTIL 5/2/2024)	0.10	Director	$0	$0	$0
DEBRA AUGUST	DIRECTOR	0.10	Director	$0	$0	$0
BRIAN DONNELLY	DIRECTOR	0.10	Director	$0	$0	$0
LAUREN SCHOR GELLER	DIRECTOR (EFF. 10/28/2024)	0.10	Director	$0	$0	$0
DIANA CARROLL TOOLE	PRESIDENT (THRU 6/30/2024); SECRETARY	5.00	Officer	$14,500	$0	$14,500

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
2025	$2,634,538	$2,407,184	$431,258	$227,354
2024	$2,299,885	$2,314,184	$203,904	$-14,299
2023	$1,836,053	$1,718,285	$220,482	$117,768
2022	$1,182,000	$1,084,988	$100,435	$97,012
2020	$719,175	$718,516	$57,051	$659

SERPENTINE AMERICAS FOUNDATION FKA AMERICAS FOUNDATION OF THE SERPENTINE GA