The American Friends of the Moderna Museet Inc

EIN: 680639985 501(c)(3) Arts, Culture & Humanities

New York, NY

Total Revenue
$572,069
Total Expenses
$644,203
Total Assets
$157,436
Net Assets
$157,436
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
CT
Principal Officer
Helena Skarstedt
Phone
2122885041
Tax Period
2023-01-01 to 2023-12-31

The American Friends of the Moderna Museet Inc, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $572K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $644K exceeded revenue, resulting in a 13% operating deficit.

Mission

The organization has elected not to report works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service in its revenue statement and balance sheet. The organization prepares financial statements and has them reviewed or audited by an independent accountant only for years when it is required to do so by the applicable state law. Based upon the dollar amount of the organization's total support and revenue for 2023, requirement for a review has been met.

Program Service Accomplishments

Program 1
Expenses: $486,500

To encourage the appreciation and enjoyment of modern and contemporary art by supporting the charitable and educational activities of the Moderna Museet (a museum of modern and contemporary art...

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To encourage the appreciation and enjoyment of modern and contemporary art by supporting the charitable and educational activities of the Moderna Museet (a museum of modern and contemporary art located in Stockholm, Sweden)

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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 $572,000
Program Service Revenue $0
Investment Income $69
Other Revenue $0
TOTAL REVENUE $572,069

Expense Breakdown

Grants Paid $486,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $486,500
Other Expenses $157,703
TOTAL EXPENSES $644,203

Year-over-Year Comparison

2023 2022 Change
Revenue $572,069 $897,888 -0.4%
Expenses $644,203 $821,667 -0.2%
Net Income $-72,134 $76,221 -1.9%
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

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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
8
Independent Members
8
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
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Helena Skarstedt President 10.00
Officer Director
$0 $0 $0
Per Skarstedt Treasurer 1.00
Officer Director
$0 $0 $0
Ake Skeppner Director 1.00
Director
$0 $0 $0
Peggy Anderson Director 1.00
Director
$0 $0 $0
Bjorn Konig Director 1.00
Director
$0 $0 $0
Katarina Swanstrom Secretary & Assistant Trea 1.00
Officer Director
$0 $0 $0
Gitte Orskou Director 1.00
Director
$0 $0 $0
Chris Mack Director 1.00
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 No data No data No data No data
2023 $572,069 $644,203 $157,436 $-72,134
2022 $897,888 $821,667 $229,570 $76,221
2021 $113,074 $106,681 $153,349 $6,393
2020 $90,225 $235,329 $146,956 $-145,104
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