FRIENDS OF THE WASHINGTON STATUE INC

EIN: 992077710 501(c)(3) Arts, Culture & Humanities

MCLEAN, VA

Total Revenue
$250,655
Total Expenses
$16,174
Total Assets
$234,481
Net Assets
$234,481
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Financial Trends

Organization Details

Formation Year
2024
Legal Domicile
VA
Principal Officer
JOHN GERBER
Phone
7032030158
Tax Period
2024-01-01 to 2024-12-31

FRIENDS OF THE WASHINGTON STATUE INC, founded in 2024, is a small nonprofit in the Arts, Culture & Humanities sector that reported $251K in total revenue in fiscal year 2024. The organization ran a surplus of $234K, a strong 94% operating margin.

Mission

THE MISSION IS TO RAISE FUNDS TO RESTORE AND REPAIR THE FAMOUS WASHINGTON STATUE IN TRAFALGAR SQUARE; TO PROVIDE A NEW HIGH-QUALITY PEDESTAL FOR THE WASHINGTON STATUE; AND TO EDUCATE THE PEOPLE THROUGHOUT THE WORLD, INFORMING AND INSPIRING FUTURE GENERATIONS ABOUT THE NATURE OF VIRGINIA'S ORIGINAL GIFT OF THE WASHINGTON STATUE AND THE "SPECIAL RELATIONSHIP" BETWEEN THE UNITED STATES/VIRGINIA AND THE UNITED KINGDOM WHICH INSPIRED IT.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $126,982
Program Service Revenue $0
Investment Income $0
Other Revenue $123,673
TOTAL REVENUE $250,655

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $36,655
Other Expenses $16,174
TOTAL EXPENSES $16,174

Year-over-Year Comparison

2024 2023 Change
Revenue $250,655 N/A N/A
Expenses $16,174 N/A N/A
Net Income $234,481 N/A N/A
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
4
Independent Members
N/A
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN GERBER CHAIR, PRESIDENT 1.00
Officer
$0 $0 $0
SUZANNE YOUNGKIN HONORARY CHAIR 1.00
Officer
$0 $0 $0
DAVID MCREERY TREASURER 1.00
Officer
$0 $0 $0
CECIL QUILLEN SECRETARY 1.00
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 $250,655 $16,174 $234,481 $234,481
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