Foundation for Art and Preservation in Embassies

EIN: 521467787 501(c)(3) Arts, Culture & Humanities

Washington, DC

Total Revenue
$4,303,724
Total Expenses
$3,939,916
Total Assets
$14,574,944
Net Assets
$14,469,957
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
DC
Principal Officer
Jo Carole Lauder
Phone
2023493865
Tax Period
2023-01-01 to 2023-12-31

Foundation for Art and Preservation in Embassies, founded in 1986, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.3M in total revenue in fiscal year 2023. Revenue surged 77% from the prior year, signaling strong growth momentum. Expenses of $3.9M left a modest 8% surplus.

Mission

The Foundation for Art and Preservation in Embassies (FAPE) is dedicated to enhancing the United States' image abroad through American Art. Founded as a public-private, non-partisan partnership in 1986, FAPE works with the U.S. Department of State to contribute fine art to U.S. embassies around the world. FAPE's donations include works by more than 250 preeminent American artists placed in more than 140 countries.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,093,610
Program Service Revenue $0
Investment Income $1,209,143
Other Revenue $971
TOTAL REVENUE $4,303,724

Expense Breakdown

Grants Paid $1,546,572
Salaries & Benefits $532,749
Fundraising Expenses $654,255
Program Expenses $2,952,342
Other Expenses $1,860,595
TOTAL EXPENSES $3,939,916

Year-over-Year Comparison

2023 2022 Change
Revenue $4,303,724 $2,426,777 +0.8%
Expenses $3,939,916 $3,724,918 +0.1%
Net Income $363,808 $-1,298,141 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
32
Independent Members
32
Employees
3
Volunteers
32

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
6
$293,736
Total Directors
32
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jo Carole Lauder Chairman 15.00
Officer Director
$0 $0 $0
Eden Rafshoon President 15.00
Officer Director
$0 $0 $0
David Walentas Vice President 5.00
Officer Director
$0 $0 $0
Wendy L Luers President Emerita 1.00
Officer Director
$0 $0 $0
W Harrison Wellford Treasurer 2.00
Officer Director
$0 $0 $0
Vera Blinken Board member 1.00
Director
$0 $0 $0
Anne Buford Board member 1.00
Director
$0 $0 $0
Bob Colacello Board member 1.00
Director
$0 $0 $0
Brian D Dailey Board member 1.00
Director
$0 $0 $0
George L Farias Board member 1.00
Director
$0 $0 $0
Fairfax Dorn Glimcher Board member 1.00
Director
$0 $0 $0
Maryscott Greenwood Board member 1.00
Director
$0 $0 $0
Agnes Gund Board member 1.00
Director
$0 $0 $0
Elizabeth Kabler Board member 1.00
Director
$0 $0 $0
Christian Keesee Board member 1.00
Director
$0 $0 $0
Suydam R Lansing Board member 1.00
Director
$0 $0 $0
Marc E Leland Board member 1.00
Director
$0 $0 $0
Dorothy Lichtenstein Board member 1.00
Director
$0 $0 $0
Carol Mack Board member 1.00
Director
$0 $0 $0
Nancy Marks Board member 1.00
Director
$0 $0 $0
Peter Norton Board member 1.00
Director
$0 $0 $0
Daniel Romualdez Board member 1.00
Director
$0 $0 $0
Stephen M Salny Board member 1.00
Director
$0 $0 $0
Jack Shear Board member 1.00
Director
$0 $0 $0
Wendy Stark Board member 1.00
Director
$0 $0 $0
John J Studzinski CBE Board member 1.00
Director
$0 $0 $0
Alice Tisch Board member 1.00
Director
$0 $0 $0
Maria Hummer-Tuttle Board member 1.00
Director
$0 $0 $0
Jill Cooper Udall Board member 1.00
Director
$0 $0 $0
Olga Votis Board member 1.00
Director
$0 $0 $0
Darren Walker Board member 1.00
Director
$0 $0 $0
Aerin Lauder Zinterhofer Board member 1.00
Director
$0 $0 $0
Jennifer A Duncan Director 40.00
Officer
$281,119 $12,617 $293,736
Caitlin O'Connor Senior Advisor 40.00
Highest
$131,733 $7,804 $139,537
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 No data No data No data No data
2023 $4,303,724 $3,939,916 $14,574,944 $363,808
2022 $2,426,777 $3,724,918 $14,486,410 $-1,298,141
2021 $4,135,429 $1,415,966 $17,050,198 $2,719,463
2020 $1,200,882 $1,738,045 $30,169,300 $-537,163
2019 $3,351,892 $1,256,092 $27,662,395 $2,095,800
2018 $4,009,716 $3,034,804 $24,852,800 $974,912
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