To support the american museum in britain through its fundraising activities in the united states.

501(c)(3) charity; gifts are tax-deductible.
54¢ of each $1 spent went to programs.
$75K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
3 of 5
filings with a surplus
Average surplus $202K a year · 18% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
54%
of spending
Worth a look: 54% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$75K
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
6 mo
of spending, in cash
Plus $5.3M in investments, Pt X · Ln 11–13
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$368K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$521K
-65% vs prior year
Spent
$688K
To programs
54%
Net assets
$5.6M
By yearFY2020–FY2024
Revenue
$521K
FY2022▼ -65%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$1.5M
FY2022$521K
FY2023$685K
FY2024$1.7M
Expenses
$688K
FY2022▼ -38%
Tap a bar for its year
Expenses by fiscal year
FY2020$528K
FY2021$1.1M
FY2022$688K
FY2023$983K
FY2024$1.4M
Net assets
$5.6M
FY2022▼ -41%
Tap a bar for its year
Net assets by fiscal year
FY2020$8.7M
FY2021$9.6M
FY2022$5.6M
FY2023$6.9M
FY2024$7.1M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1957.

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

Where the money goes

54 cents of each dollar spent went to programs.

Program services 54% · $371K Management & general 44% · $303K Fundraising 2% · $14K

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

9 people listed on the 990; $75K paid to officers and key staff.

Part VII, Section A · reportable compensation
Assistant Secretary
$75,105Pt VII · Sec A
First Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Katherine Bursack’s $80K as Assistant Secretary is at the 18th percentile of top reported officer pay among 3924 $1–10M 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Katherine Bursack$80,104$80,104$75,105$67,605$70,930

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.

See Halcyon Foundation executive salaries →

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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

Raise funds in the U.S. to support the American Museum in Britain.

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Provided by the organization

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1 program · $371K · in their own filed words · FY2022
01

Support of american museum in britain

$371Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$521K
Ln 12
Investment incomeLn 3$281K
Gifts and grantsLn 1h$214K
Other incomeLn 4–11$26K
Money outPt IX
$688K
Ln 25
Programscol B$371K
Managementcol C$303K
Fundraisingcol D$14K
Owns and owesPt X
$5.6M
net assets · Ln 32
Cash and savingsLn 1–2$317K
Total assetsLn 16$6.0M
LiabilitiesLn 26$368K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$214K
Government grantsLn 1e$1K
Noncash giftsLn 1g$16K
Fundraising eventsLn 1c$25K
Investment incomeLn 3$281K
Other incomeLn 4–11$26K
Gains on assetsLn 7$223K
Total revenueLn 12$521K
Assets in detailPt X, end of year
CashLn 1$204K
SavingsLn 2$113K
Cash and savings togetherLn 1–2$317K
InvestmentsLn 11–13$5.3M
Land, buildings, equipmentLn 10c$649
Other assetsLn 15$338K
Total assetsLn 16$6.0M
LiabilitiesLn 26$368K
Net assetsLn 32$5.6M
OperationsPt I, VI
EmployeesI 51
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$426K$317K
InvestmentsLn 11–13$9.1M$5.3M
Land, buildings, equipmentLn 10c$1K$649
Total assetsLn 16$9.6M$6.0M
LiabilitiesLn 26$8K$368K
Net assetsLn 32$9.6M$5.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$299K$299K
Pay of current officers, directors and key staffLn 5$75K$19K$53K$4K
Other employee benefitsLn 9$2K$625$2K$125
Payroll taxesLn 10$6K$1K$4K$292
Legal feesLn 11b$115K$115K
Accounting feesLn 11c$36K$36K
Investment management feesLn 11f$45K$45K
Other fees for servicesLn 11g$12K$12K
Office expensesLn 13$13K$4K$5K$4K
OccupancyLn 16$60K$36K$21K$3K
TravelLn 17$746$224$298$224
Depreciation, depletion and amortizationLn 22$600$180$240$180
InsuranceLn 23$6K$2K$5K$322
Other expenses (24a–d)Ln 24$14K$8K$4K$2K
All other expensesLn 24e$2K$636$847$636
Total functional expensesLn 25$688K$371K$303K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.7M$1.4M$346K$7.1M 990 PDF
FY2023 $685K$983K−$298K$6.9M 990 PDF
FY2022 Viewing $521K$688K−$167K$5.6M 990 PDF
FY2021 $1.5M$1.1M$351K$9.6M 990 PDF
FY2020 $1.3M$528K$776K$8.7M 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 F · Foreign O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $520,839 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $281,442$214,302
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,189,411$280,787
I-11 Other revenuePrior year −$3,295$25,750
I-12 Total revenuePrior year $1,467,558$520,839
I-13 Grants and similar amounts paidPrior year $749,838$299,150
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $75,890$83,447
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $290,666$305,138
I-18 Total expensesPrior year $1,116,394$687,735
I-19 Revenue less expensesPrior year $351,164−$166,896
Part VI · Governance 8 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $520,839 across 11 lines filed
VIII-1b Membership dues$588
VIII-1c Fundraising events$25,410
VIII-1e Government grants$1,000
VIII-1f All other contributions, gifts and grants$187,304
VIII-1g Noncash contributions (included above)$15,519
VIII-1h Total contributions, gifts and grants$214,302
VIII-3 Investment incomeExcluded from tax $57,388$57,388
VIII-6 Net rental income or lossExcluded from tax $25,750$25,750
VIII-7 Net gain or loss on sales of assetsExcluded from tax $223,399$223,399
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $306,537$520,839
Part IX · Statement of functional expenses $687,735 across 15 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $299,150$299,150
IX-5 Pay of current officers, directors and key staffPrograms $18,776 · Management $52,574 · Fundraising $3,755$75,105
IX-9 Other employee benefitsPrograms $625 · Management $1,750 · Fundraising $125$2,500
IX-10 Payroll taxesPrograms $1,461 · Management $4,089 · Fundraising $292$5,842
IX-11b Legal feesManagement $114,959$114,959
IX-11c Accounting feesManagement $36,175$36,175
IX-11f Investment management feesManagement $44,789$44,789
IX-11g Other fees for servicesManagement $12,223$12,223
IX-13 Office expensesPrograms $4,034 · Management $5,304 · Fundraising $3,978$13,316
IX-16 OccupancyPrograms $36,008 · Management $21,005 · Fundraising $3,001$60,014
IX-17 TravelPrograms $224 · Management $298 · Fundraising $224$746
IX-22 Depreciation, depletion and amortizationPrograms $180 · Management $240 · Fundraising $180$600
IX-23 InsurancePrograms $1,610 · Management $4,507 · Fundraising $322$6,439
IX-24 Other expenses (24a–d)Programs $7,877 · Management $4,011 · Fundraising $1,870$13,758
IX-24e All other expensesPrograms $636 · Management $847 · Fundraising $636$2,119
IX-25 Total functional expensesPrograms $370,581 · Management $302,771 · Fundraising $14,383$687,735
Part X · Balance sheet $6,001,183 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $274,602$203,959
X-2 Savings and temporary cash investmentsStart of year $151,894$113,151
X-3 Pledges and grants receivableStart of year $30,675$30,000
X-9 Prepaid expenses and deferred chargesStart of year $16,097$11,041
X-10c Land, buildings and equipment, netStart of year $1,249$649
X-11 Publicly traded securitiesStart of year $9,130,558$5,304,823
X-15 Other assetsStart of year $0$337,560
X-16 Total assetsStart of year $9,605,075$6,001,183
X-17 Accounts payable and accrued expensesStart of year $7,917$25,730
X-25 Other liabilitiesStart of year $0$342,734
X-26 Total liabilitiesStart of year $7,917$368,464
X-27 Net assets without donor restrictionsStart of year $9,566,483$5,602,719
X-28 Net assets with donor restrictionsStart of year $30,675$30,000
X-32 Total net assets or fund balancesStart of year $9,597,158$5,632,719
X-33 Total liabilities and net assetsStart of year $9,605,075$6,001,183
Part XI · Reconciliation of net assets $5,632,719 net assets at year end
XI-1 Total revenue$520,839
XI-2 Total expenses$687,735
XI-3 Revenue less expenses−$166,896
XI-4 Net assets at start of year$9,597,158
XI-5 Net unrealized gains (losses) on investments−$3,797,543
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,632,719

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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