Master Drawings Association INC: FY2021 Nonprofit Profile & Form 990 (EIN 13-6213667)

Revenue by fiscal year
FY2020	$447K
FY2021	$320K
FY2022	$416K
FY2023	$686K
FY2024	$520K
FY2025	$528K

Expenses by fiscal year
FY2020	$372K
FY2021	$345K
FY2022	$419K
FY2023	$412K
FY2024	$440K
FY2025	$429K

Net assets by fiscal year
FY2020	$1.2M
FY2021	$1.3M
FY2022	$1.3M
FY2023	$1.4M
FY2024	$1.7M
FY2025	$1.8M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1967.

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

Where the money goes

67 cents of each dollar spent went to programs.

67%

25%

Program services 67% · $231K Management & general 25% · $86K Fundraising 8% · $28K

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

Something off? Claim to add context

Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Mr Clement C Moore II

President

$0Pt VII · Sec A

Mr George Abrams

Vice President

$0Pt VII · Sec A

Ms Elizabeth Eveillard

Vice President

$0Pt VII · Sec A

Ms Diane Nixon

Vice President

$0Pt VII · Sec A

Mr George Frelinghuysen

Treasurer

$0Pt VII · Sec A

Mr Robert Loper

Secretary

$0Pt VII · Sec A

Mr Colin B Bailey

Director

$0Pt VII · Sec A

Ms Anne Searle Bent

Director

$0Pt VII · Sec A

See Master Drawings Association INC executive salaries →

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 15aNo

Programs and updates

Publishes a scholarly journal to promote interest in artistic work and literature.

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1 program · $231K · in their own filed words · FY2020

01

Publication of the scholarly journal on a quarterly basis - "master drawings" - one volume with 4 issues published annually reaching approximately 1100 scholars & subscribers.

$231Kprogram 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

Vanguard Charitable Endowment ProgramFY2024$150K

California Community FoundationFY2024$30K

The Deeds FoundationFY2024$13K

T Rowe Price Program for Charitable Giving INCFY2024$8K

Northlands FoundationFY2024$5K

The Gilbert and Ildiko Butler Family FoundationFY2024$2K

Total grants receivedfrom 6 funders$208K

See all 6 funders →

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$320K

Ln 12

Gifts and grantsLn 1h$162K

Fees for servicesLn 2g$125K

Investment incomeLn 3$34K

Money outPt IX

$345K

Ln 25

Programscol B$231K

Managementcol C$86K

Fundraisingcol D$28K

Owns and owesPt X

$1.3M

net assets · Ln 32

Cash and savingsLn 1–2$133K

Total assetsLn 16$1.4M

LiabilitiesLn 26$133K

PeoplePt VI, VII

14

listed · VII A

PaidVII A0

Voting boardVI 1a14

IndependentVI 1b14

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$162K

Government grantsLn 1e$16K

Noncash giftsLn 1g$15K

Fundraising eventsLn 1c$51K

Fees for servicesLn 2g$125K

Investment incomeLn 3$34K

Total revenueLn 12$320K

Assets in detailPt X, end of year

CashLn 1$36K

SavingsLn 2$98K

Cash and savings togetherLn 1–2$133K

InvestmentsLn 11–13$1.2M

Total assetsLn 16$1.4M

LiabilitiesLn 26$133K

Net assetsLn 32$1.3M

OperationsPt I, VI

EmployeesI 52

VolunteersI 614

Fiscal year endsHeaderFebruary

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3More from this return

EndowmentSch D · Pt V

Line	FY21	FY20	FY19	FY18	FY17
End of yearLn 1g	$1.2M	$1.0M	$958K	$837K	$732K
Given inLn 1b		$25K	$100K

4Year over year

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$222K	$133K
InvestmentsLn 11–13	$987K	$1.2M
Total assetsLn 16	$1.3M	$1.4M
LiabilitiesLn 26	$122K	$133K
Net assetsLn 32	$1.2M	$1.3M

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$73K	$8K	$44K	$22K
Other employee benefitsLn 9	$7K	$692	$4K	$2K
Payroll taxesLn 10	$8K	$812	$5K	$2K
Legal feesLn 11b	$812		$812
Accounting feesLn 11c	$25K		$25K
Other fees for servicesLn 11g	$89K	$88K	$1K	$665
Office expensesLn 13	$4K	$340	$2K	$985
TravelLn 17	$500		$500
Other expenses (24a–d)Ln 24	$138K	$134K	$4K
Total functional expensesLn 25	$345K	$231K	$86K	$28K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Jan 13, 2026	$528K	$429K	$99K	$1.8M	990 PDF
FY2024Filed with the IRS Jan 15, 2025	$520K	$440K	$80K	$1.7M	990 PDF
FY2023Filed with the IRS Jan 16, 2024	$686K	$412K	$275K	$1.4M	990 PDF
FY2022Filed with the IRS Jan 12, 2023	$416K	$419K	−$3K	$1.3M	990 PDF
FY2021 ViewingFiled with the IRS Jan 13, 2022	$320K	$345K	−$25K	$1.3M	990 PDF
FY2020Filed with the IRS Jan 15, 2021	$447K	$372K	$75K	$1.2M	990 PDF

Schedules filed Part IV

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

See the full FY2021 990 (6 parts)

Part I · Summary $320,242 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $266,908$161,670

I-9 Program service revenuePrior year $156,952$124,988

I-10 Investment incomePrior year $46,504$33,584

I-11 Other revenuePrior year −$22,932$0

I-12 Total revenuePrior year $447,432$320,242

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 $83,146$87,940

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

I-17 Other expensesPrior year $289,231$257,504

I-18 Total expensesPrior year $372,377$345,444

I-19 Revenue less expensesPrior year $75,055−$25,202

Part VI · Governance 14 of 14 board members independent, 3 to look at

VI-1a Voting members of the governing body14

VI-1b Independent voting members14

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

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

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $320,242 across 9 lines filed

VIII-1c Fundraising events$50,919

VIII-1e Government grants$16,355

VIII-1f All other contributions, gifts and grants$94,396

VIII-1g Noncash contributions (included above)$14,876

VIII-1h Total contributions, gifts and grants$161,670

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $76,653 · Unrelated business $48,335$124,988

VIII-3 Investment incomeExcluded from tax $33,584$33,584

VIII-8 Net income from fundraising events$0

VIII-12 Total revenueRelated to mission $76,653 · Unrelated business $48,335 · Excluded from tax $33,584$320,242

Part IX · Statement of functional expenses $345,444 across 9 lines filed

IX-7 Other salaries and wagesPrograms $7,627 · Management $43,706 · Fundraising $22,127$73,460

IX-9 Other employee benefitsPrograms $692 · Management $3,966 · Fundraising $2,008$6,666

IX-10 Payroll taxesPrograms $812 · Management $4,649 · Fundraising $2,353$7,814

IX-11b Legal feesManagement $812$812

IX-11c Accounting feesManagement $24,795$24,795

IX-11g Other fees for servicesPrograms $87,516 · Management $1,314 · Fundraising $665$89,495

IX-13 Office expensesPrograms $340 · Management $2,393 · Fundraising $985$3,718

IX-17 TravelManagement $500$500

IX-24 Other expenses (24a–d)Programs $133,853 · Management $4,331$138,184

IX-25 Total functional expensesPrograms $230,840 · Management $86,466 · Fundraising $28,138$345,444

Part X · Balance sheet $1,429,644 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $35,738$35,758

X-2 Savings and temporary cash investmentsStart of year $186,380$97,739

X-3 Pledges and grants receivableStart of year $69,569$58,460

X-4 Accounts receivableStart of year $4,978$45,027

X-9 Prepaid expenses and deferred chargesStart of year $5,963$3,222

X-11 Publicly traded securitiesStart of year $987,352$1,189,438

X-16 Total assetsStart of year $1,289,980$1,429,644

X-17 Accounts payable and accrued expensesStart of year $21,024$27,763

X-19 Deferred revenueStart of year $100,726$105,208

X-26 Total liabilitiesStart of year $121,750$132,971

X-27 Net assets without donor restrictionsStart of year $93,825$35,039

X-28 Net assets with donor restrictionsStart of year $1,074,405$1,261,634

X-32 Total net assets or fund balancesStart of year $1,168,230$1,296,673

X-33 Total liabilities and net assetsStart of year $1,289,980$1,429,644

Part XI · Reconciliation of net assets $1,296,673 net assets at year end

XI-1 Total revenue$320,242

XI-2 Total expenses$345,444

XI-3 Revenue less expenses−$25,202

XI-4 Net assets at start of year$1,168,230

XI-5 Net unrealized gains (losses) on investments$153,645

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$1,296,673

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

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Master Drawings Association INC FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Master Drawings Association INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV