World Monuments Fund INC FY2021 filing

Tax-deductible

New York, NY501(c)(3)Since 1965Arts & CultureEIN 13-2571900

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501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
$1.1M paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $5.1M a year · 26% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Looks good: 16.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $998K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$979K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
28
of 28 voting members
Looks good: 28 of 28 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.4M
Spent
$10.2M
To programs
73%
Net assets
$54.8M
By yearFY2021–FY2024
Revenue
$11.4M
FY2021
Revenue by fiscal year
FY2021$11.4M
FY2022$20.3M
FY2023$20.3M
FY2024$26.1M
FY2024$36.0M
Expenses
$10.2M
FY2021
Expenses by fiscal year
FY2021$10.2M
FY2022$14.3M
FY2023$15.4M
FY2024$17.7M
FY2024$23.9M
Net assets
$54.8M
FY2021
Net assets by fiscal year
FY2021$54.8M
FY2022$56.0M
FY2023$63.2M
FY2024$73.7M
FY2024$88.2M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1965.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $7.4M Management & general 12% · $1.2M Fundraising 16% · $1.6M

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

33 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President & CEO
$348,522Pt VII · Sec A
$224,443Pt VII · Sec A
Executive V.p.
$199,981Pt VII · Sec A
V.p. of Development
$176,490Pt VII · Sec A
V.p. of Programs
$142,189Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt 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

NameFY2024FY2024FY2023FY2022FY2021
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.

Provided by the organization

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2 program services account for $7.4M of program spending, described in the organization's own filed words · FY2020.
01

Field restoration projects and programswmf field work encompasses five core program areas that serve the broad interests of preservation including (1) preservation of architectural and cultural heritage, (2) capacity building and cultural tourism management in local communities, (3) advocacy for the preservation movement, (4) education…

$7.4Mprogram expense
02

Education & outreach programseducation and outreach program activities included (a) a craftsman training program that provides hands-on training and on-site restoration work at five international project sites in the U.S., peru and cambodia, (b) sustainable tourism programs to help balance the social and economic benefits with the damage…

Pt IX · col B

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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
See all 6 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$11.4M
Ln 12
Gifts and grantsLn 1h$9.9M
Investment incomeLn 3$1.5M
Other incomeLn 4–11$59K
Money outPt IX
$10.2M
Ln 25
Programscol B$7.4M
Managementcol C$1.2M
Fundraisingcol D$1.6M
Owns and owesPt X
$54.8M
net assets · Ln 32
Cash and savingsLn 1–2$13.7M
Total assetsLn 16$55.7M
LiabilitiesLn 26$979K
PeoplePt VI, VII
33
listed · VII A
PaidVII A5
Voting boardVI 1a28
IndependentVI 1b28
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.9M
Government grantsLn 1e$1.8M
Noncash giftsLn 1g$277K
Fundraising eventsLn 1c$999K
Investment incomeLn 3$1.5M
Other incomeLn 4–11$59K
Gains on assetsLn 7$827K
Total revenueLn 12$11.4M
Assets in detailPt X, end of year
CashLn 1$147K
SavingsLn 2$13.6M
Cash and savings togetherLn 1–2$13.7M
InvestmentsLn 11–13$31.9M
Land, buildings, equipmentLn 10c$169K
Other assetsLn 15$270K
Total assetsLn 16$55.7M
LiabilitiesLn 26$979K
Net assetsLn 32$54.8M
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
LineStart FY21End FY21
Cash and savingsLn 1–2$12.3M$13.7M
InvestmentsLn 11–13$26.1M$31.9M
Land, buildings, equipmentLn 10c$230K$169K
Total assetsLn 16$49.2M$55.7M
LiabilitiesLn 26$1.0M$979K
Net assetsLn 32$48.2M$54.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$397K$207K$71K$119K
Other salaries and wagesLn 7$2.6M$1.3M$462K$765K
Pension plan contributionsLn 8$186K$98K$33K$56K
Other employee benefitsLn 9$335K$177K$58K$100K
Payroll taxesLn 10$305K$160K$54K$92K
Management feesLn 11a$13K$13K
Legal feesLn 11b$42K$22K$12K$8K
Accounting feesLn 11c$69K$9K$55K$5K
Investment management feesLn 11f$135K$135K
Other fees for servicesLn 11g$4.5M$4.4M$51K−$4K
Advertising and promotionLn 12$14K$12K$1K$1K
Office expensesLn 13$196K$81K$28K$86K
Information technologyLn 14$404K$235K$53K$115K
OccupancyLn 16$630K$331K$111K$188K
TravelLn 17$175K$170K$3K$2K
Conferences, conventions and meetingsLn 19$59K$55K$4K
Depreciation, depletion and amortizationLn 22$130K$68K$23K$39K
InsuranceLn 23$70K$36K$13K$21K
Total functional expensesLn 25$10.2M$7.4M$1.2M$1.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
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 Viewing $11.4M$10.2M$1.3M$54.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $11,447,980 across 10 lines filed
VIII-1c Fundraising events$998,673
VIII-1e Government grants$1,837,759
VIII-1f All other contributions, gifts and grants$7,020,353
VIII-1g Noncash contributions (included above)$276,514
VIII-1h Total contributions, gifts and grants$9,856,785
VIII-3 Investment incomeExcluded from tax $706,048$706,048
VIII-7 Net gain or loss on sales of assetsExcluded from tax $826,640$826,640
VIII-8 Net income from fundraising eventsExcluded from tax −$89,574−$89,574
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $148,081$148,081
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,591,195$11,447,980
Part IX · Statement of functional expenses $10,166,892 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $206,934 · Management $71,332 · Fundraising $118,965$397,231
IX-7 Other salaries and wagesPrograms $1,326,596 · Management $462,263 · Fundraising $764,591$2,553,450
IX-8 Pension plan contributionsPrograms $97,697 · Management $32,696 · Fundraising $56,097$186,490
IX-9 Other employee benefitsPrograms $176,600 · Management $58,328 · Fundraising $99,769$334,697
IX-10 Payroll taxesPrograms $159,615 · Management $53,581 · Fundraising $91,652$304,848
IX-11a Management feesManagement $12,600$12,600
IX-11b Legal feesPrograms $22,441 · Management $11,506 · Fundraising $8,468$42,415
IX-11c Accounting feesPrograms $9,066 · Management $54,726 · Fundraising $4,923$68,715
IX-11f Investment management feesManagement $135,306$135,306
IX-11g Other fees for servicesPrograms $4,406,654 · Management $50,750 · Fundraising −$4,050$4,453,354
IX-12 Advertising and promotionPrograms $11,767 · Management $1,476 · Fundraising $1,095$14,338
IX-13 Office expensesPrograms $81,427 · Management $28,329 · Fundraising $85,872$195,628
IX-14 Information technologyPrograms $235,358 · Management $53,454 · Fundraising $115,301$404,113
IX-16 OccupancyPrograms $331,063 · Management $110,856 · Fundraising $188,196$630,115
IX-17 TravelPrograms $169,873 · Management $2,566 · Fundraising $2,257$174,696
IX-19 Conferences, conventions and meetingsPrograms $55,256 · Fundraising $3,546$58,802
IX-22 Depreciation, depletion and amortizationPrograms $68,093 · Management $22,877 · Fundraising $39,094$130,064
IX-23 InsurancePrograms $36,411 · Management $12,827 · Fundraising $20,792$70,030
IX-25 Total functional expensesPrograms $7,394,851 · Management $1,175,473 · Fundraising $1,596,568$10,166,892
Part X · Balance sheet $55,746,854 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $179,306$146,964
X-2 Savings and temporary cash investmentsStart of year $12,100,911$13,550,796
X-3 Pledges and grants receivableStart of year $10,242,407$9,353,520
X-4 Accounts receivableStart of year $67,954$257,198
X-9 Prepaid expenses and deferred chargesStart of year $78,269$96,270
X-10c Land, buildings and equipment, netStart of year $230,226$169,458
X-11 Publicly traded securitiesStart of year $25,371,619$30,479,385
X-12 Other securitiesStart of year $708,833$1,423,662
X-15 Other assetsStart of year $269,250$269,601
X-16 Total assetsStart of year $49,248,775$55,746,854
X-17 Accounts payable and accrued expensesStart of year $574,453$486,157
X-24 Unsecured notes and loans payableStart of year $451,270$493,330
X-25 Other liabilitiesStart of year $19,185$0
X-26 Total liabilitiesStart of year $1,044,908$979,487
X-27 Net assets without donor restrictionsStart of year $1,741,229$1,951,511
X-28 Net assets with donor restrictionsStart of year $46,462,638$52,815,856
X-32 Total net assets or fund balancesStart of year $48,203,867$54,767,367
X-33 Total liabilities and net assetsStart of year $49,248,775$55,746,854
Part XI · Reconciliation of net assets $54,767,367 net assets at year end
XI-1 Total revenue$11,447,980
XI-2 Total expenses$10,166,892
XI-3 Revenue less expenses$1,281,088
XI-4 Net assets at start of year$48,203,867
XI-5 Net unrealized gains (losses) on investments$5,282,412
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$54,767,367

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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