World Monuments Fund INC: Nonprofit Profile, Financials & Form 990 (EIN 13-2571900)

Revenue by fiscal year
FY2021	$11.4M
FY2022	$20.3M
FY2023	$20.3M
FY2024	$26.1M
FY2025	$36.0M

Expenses by fiscal year
FY2021	$10.2M
FY2022	$14.3M
FY2023	$15.4M
FY2024	$17.7M
FY2025	$23.9M

Net assets by fiscal year
FY2021	$54.8M
FY2022	$56.0M
FY2023	$63.2M
FY2024	$73.7M
FY2025	$88.2M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1965.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

76 cents of each dollar spent went to programs.

76%

13%

Program services 76% · $18.3M Management & general 10% · $2.4M Fundraising 13% · $3.2M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

42 people listed on the 990; $1.8M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Benedicte De Montlaur

President and CEO

$467,186Pt VII · Sec A

Rebecca Johnson

Cfao

$264,974Pt VII · Sec A

Jonathan Bell

VP Programs

$224,504Pt VII · Sec A

Darlene McCloud

Executive VP (ended)

$192,153Pt VII · Sec A

Jeffrey R Allen

Senior Regional Director, Southeast Asia

$179,390Pt VII · Sec A

Karaugh Brown

VP Development Partnerships (ended)

$175,835Pt VII · Sec A

Judith Walker

VP of Communications

$155,642Pt VII · Sec A

Jeffrey Reinke

Executive VP (as of 6/2024)

$134,001Pt VII · Sec A

Benedicte De Montlaur’s $467K as President and CEO is at the 74th percentile of top reported officer pay among 749 $10–100M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021
Benedicte De Montlaur	$467,186	—	—	$420,500	$348,522
Benedict De Montlaur	—	$411,393	$372,000	—	—
Rebecca Johnson	$264,974	—	—	—	—
Christopher Jeannopoulos	—	—	$168,291	$236,515	$224,443
Jonathan Bell	$224,504	$204,647	$201,530	$191,965	$142,189
Darlene McCloud	$192,153	$216,229	$176,060	$181,165	$199,981
Karaugh Brown	$175,835	$213,616	$204,555	$186,925	$176,490
Jeffrey R Allen	$179,390	—	—	—	—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Preserves historic buildings and art worldwide for future generations.

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Provided by the organization

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1 program · $18.3M · in their own filed words · FY2024

01

See schedule o

$18.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2025

T Rowe Price Program for Charitable Giving INCFY2025$965K

Alberto and Olga Maria Beeck Family FoundationFY2025$10K

Vergel FoundationFY2025$10K

Our Change FoundationFY2025$6K

Bennett FoundationFY2025$5K

The Paul Beirne Foundation INCFY2025$3K

Total grants receivedfrom 6 funders$998K

See all 6 funders →

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$36.0M

Ln 12

Gifts and grantsLn 1h$34.0M

Investment incomeLn 3$2.3M

Money outPt IX

$23.9M

Ln 25

Programscol B$18.3M

Managementcol C$2.4M

Fundraisingcol D$3.2M

Owns and owesPt X

$88.2M

net assets · Ln 32

Cash and savingsLn 1–2$23.9M

Total assetsLn 16$96.0M

LiabilitiesLn 26$7.8M

PeoplePt VI, VII

42

listed · VII A

PaidVII A8

Voting boardVI 1a35

IndependentVI 1b34

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$34.0M

Government grantsLn 1e$2.2M

Noncash giftsLn 1g$401K

Fundraising eventsLn 1c$2.1M

Investment incomeLn 3$2.3M

Gains on assetsLn 7$182K

Total revenueLn 12$36.0M

Assets in detailPt X, end of year

CashLn 1$4.3M

SavingsLn 2$19.5M

Cash and savings togetherLn 1–2$23.9M

InvestmentsLn 11–13$41.9M

Land, buildings, equipmentLn 10c$1.4M

Other assetsLn 15$4.9M

Total assetsLn 16$96.0M

LiabilitiesLn 26$7.8M

Net assetsLn 32$88.2M

OperationsPt I, VI

EmployeesI 544

VolunteersI 634

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$20.9M	$23.9M
InvestmentsLn 11–13	$36.4M	$41.9M
Land, buildings, equipmentLn 10c	$1.2M	$1.4M
Total assetsLn 16	$79.9M	$96.0M
LiabilitiesLn 26	$6.2M	$7.8M
Net assetsLn 32	$73.7M	$88.2M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$871K	$494K	$159K	$218K
Other salaries and wagesLn 7	$4.8M	$2.7M	$878K	$1.2M
Pension plan contributionsLn 8	$247K	$140K	$45K	$62K
Other employee benefitsLn 9	$611K	$347K	$112K	$153K
Payroll taxesLn 10	$414K	$235K	$76K	$103K
Legal feesLn 11b	$28K	$27K	$196	$1K
Accounting feesLn 11c	$56K	$53K	$393	$3K
Investment management feesLn 11f	$183K		$183K
Other fees for servicesLn 11g	$13.1M	$12.4M	$91K	$610K
Office expensesLn 13	$751K	$428K	$62K	$260K
Information technologyLn 14	$653K	$311K	$104K	$237K
OccupancyLn 16	$619K	$403K	$132K	$84K
TravelLn 17	$534K	$435K	$6K	$93K
Conferences, conventions and meetingsLn 19	$205K	$95K	$3K	$107K
Depreciation, depletion and amortizationLn 22	$225K	$127K	$41K	$56K
InsuranceLn 23	$97K	$55K	$18K	$24K
Other expenses (24a–d)Ln 24	$580K	$75K	$494K	$11K
Total functional expensesLn 25	$23.9M	$18.3M	$2.4M	$3.2M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$36.0M	$23.9M	$12.1M	$88.2M	990 PDF
FY2024	$26.1M	$17.7M	$8.5M	$73.7M	990 PDF
FY2023	$20.3M	$15.4M	$4.9M	$63.2M	990 PDF
FY2022	$20.3M	$14.3M	$5.9M	$56.0M	990 PDF
FY2021	$11.4M	$10.2M	$1.3M	$54.8M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $36,029,753 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $24,284,044$34,022,097

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $2,143,033$2,294,814

I-11 Other revenuePrior year −$294,196−$287,158

I-12 Total revenuePrior year $26,132,881$36,029,753

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $4,886,255$6,945,210

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $12,784,491$16,995,509

I-18 Total expensesPrior year $17,670,746$23,940,719

I-19 Revenue less expensesPrior year $8,462,135$12,089,034

Part VI · Governance 34 of 35 board members independent, no flags

VI-1a Voting members of the governing body35

VI-1b Independent voting members34

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $36,029,753 across 10 lines filed

VIII-1c Fundraising events$2,112,575

VIII-1e Government grants$2,229,728

VIII-1f All other contributions, gifts and grants$29,679,794

VIII-1g Noncash contributions (included above)$401,097

VIII-1h Total contributions, gifts and grants$34,022,097

VIII-3 Investment incomeUnrelated business $13,774 · Excluded from tax $2,098,765$2,112,539

VIII-7 Net gain or loss on sales of assetsExcluded from tax $182,275$182,275

VIII-8 Net income from fundraising eventsExcluded from tax −$545,720−$545,720

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $258,562$258,562

VIII-12 Total revenueRelated to mission $0 · Unrelated business $13,774 · Excluded from tax $1,993,882$36,029,753

Part IX · Statement of functional expenses $23,940,719 across 17 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $494,115 · Management $159,414 · Fundraising $217,920$871,449

IX-7 Other salaries and wagesPrograms $2,722,899 · Management $878,477 · Fundraising $1,200,879$4,802,255

IX-8 Pension plan contributionsPrograms $139,814 · Management $45,107 · Fundraising $61,662$246,583

IX-9 Other employee benefitsPrograms $346,509 · Management $111,793 · Fundraising $152,821$611,123

IX-10 Payroll taxesPrograms $234,626 · Management $75,697 · Fundraising $103,477$413,800

IX-11b Legal feesPrograms $26,685 · Management $196 · Fundraising $1,318$28,199

IX-11c Accounting feesPrograms $53,382 · Management $393 · Fundraising $2,636$56,411

IX-11f Investment management feesManagement $183,445$183,445

IX-11g Other fees for servicesPrograms $12,363,340 · Management $90,957 · Fundraising $610,486$13,064,783

IX-13 Office expensesPrograms $427,669 · Management $62,497 · Fundraising $260,382$750,548

IX-14 Information technologyPrograms $311,454 · Management $104,223 · Fundraising $236,854$652,531

IX-16 OccupancyPrograms $402,764 · Management $132,239 · Fundraising $83,750$618,753

IX-17 TravelPrograms $435,249 · Management $6,086 · Fundraising $92,598$533,933

IX-19 Conferences, conventions and meetingsPrograms $95,385 · Management $2,686 · Fundraising $107,011$205,082

IX-22 Depreciation, depletion and amortizationPrograms $127,012 · Management $41,443 · Fundraising $56,285$224,740

IX-23 InsurancePrograms $55,003 · Management $17,951 · Fundraising $24,379$97,333

IX-24 Other expenses (24a–d)Programs $74,704 · Management $494,158 · Fundraising $10,889$579,751

IX-25 Total functional expensesPrograms $18,310,610 · Management $2,406,762 · Fundraising $3,223,347$23,940,719

Part X · Balance sheet $96,015,269 assets, 18 lines filed

X-1 Cash, non-interest-bearingStart of year $2,570,131$4,326,419

X-2 Savings and temporary cash investmentsStart of year $18,310,968$19,545,542

X-3 Pledges and grants receivableStart of year $16,182,381$22,871,426

X-4 Accounts receivableStart of year $144,266$619,585

X-9 Prepaid expenses and deferred chargesStart of year $197,004$425,594

X-10c Land, buildings and equipment, netStart of year $1,245,959$1,362,519

X-11 Publicly traded securitiesStart of year $34,552,238$40,132,215

X-12 Other securitiesStart of year $1,875,503$1,813,072

X-15 Other assetsStart of year $4,828,892$4,918,897

X-16 Total assetsStart of year $79,907,342$96,015,269

X-17 Accounts payable and accrued expensesStart of year $1,729,584$2,326,321

X-19 Deferred revenue$440,702

X-25 Other liabilitiesStart of year $4,488,751$5,019,488

X-26 Total liabilitiesStart of year $6,218,335$7,786,511

X-27 Net assets without donor restrictionsStart of year $3,060,632$3,918,846

X-28 Net assets with donor restrictionsStart of year $70,628,375$84,309,912

X-32 Total net assets or fund balancesStart of year $73,689,007$88,228,758

X-33 Total liabilities and net assetsStart of year $79,907,342$96,015,269

Part XI · Reconciliation of net assets $88,228,758 net assets at year end

XI-1 Total revenue$36,029,753

XI-2 Total expenses$23,940,719

XI-3 Revenue less expenses$12,089,034

XI-4 Net assets at start of year$73,689,007

XI-5 Net unrealized gains (losses) on investments$2,591,500

XI-8 Prior period adjustments−$140,783

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$88,228,758

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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