Versailles Foundation INC FY2020 filing

Tax-deductible

New York, NY501(c)(3)EIN 23-7088677Revenue $1.7M in FY2020

On file with the IRStheversaillesfoundation.com267 5th Ave Rm 912, 10016-7505 · New York, NYTax-exempt since Nov 1971Publicly supported charity — 170(b)(1)(A)(vi)

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The Versailles Foundation, Inc. was organized and established to promote good relations between the citizens of the United States of America and the citizens of the Republic of France by assisting the preservation, maintenance, rehabilitation of several historical monuments and locations in France, the United States, and internationally.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$294K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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 deficit $103K a year · 8% 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
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$294K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $87K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
Spent
$1.7M
To programs
78%
Net assets
$13.8M
By yearFY2020–FY2024
Revenue
$1.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$1.5M
FY2022$1.4M
FY2023$875K
FY2024$1.2M
Expenses
$1.7M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.7M
FY2021$1.4M
FY2022$1.2M
FY2023$1.4M
FY2024$1.5M
Net assets
$13.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$13.8M
FY2021$14.4M
FY2022$11.9M
FY2023$12.4M
FY2024$12.2M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Nov 1971.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $1.3M Management & general 18% · $308K Fundraising 4% · $64K

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

7 people listed on the 990; $294K paid to officers and key staff.

Part VII, Section A · reportable compensation
$195,000Pt VII · Sec A
Charge D'Affaires
$99,314Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treas. / Sec.
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2020
Barbara De Portago$200,000$82,500$195,000
Anthony Rhodes$102,000—$99,314

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Preserves and maintains historical monuments in France, the US, and internationally to foster US-French relations.

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Provided by the organization

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3 programs · $1.3M · in their own filed words · FY2020
01

Other program expenses.

$636Kprogram expense
02

The preservation, maintenance, and rehabilitation of the Chateau de Versailles, the Giverny Claude Monet Museum and Gardens and other historical monuments in France.

$430Kprogram expense
03

Contributions to various 501(c)(3) organizations.

$228Kprogram 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 3 funders$87K
See all 3 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Investment incomeLn 3$1.4M
Gifts and grantsLn 1h$322K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.3M
Managementcol C$308K
Fundraisingcol D$64K
Owns and owesPt X
$13.8M
net assets · Ln 32
Cash and savingsLn 1–2$796K
Total assetsLn 16$13.8M
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$322K
Fundraising eventsLn 1c$304K
Investment incomeLn 3$1.4M
Gains on assetsLn 7$1.0M
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$552K
SavingsLn 2$244K
Cash and savings togetherLn 1–2$796K
InvestmentsLn 11–13$13.0M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$16K
Total assetsLn 16$13.8M
LiabilitiesLn 26$0
Net assetsLn 32$13.8M
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.2M$796K
InvestmentsLn 11–13$12.5M$13.0M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$13.7M$13.8M
LiabilitiesLn 26$14K$0
Net assetsLn 32$13.7M$13.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$228K$228K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$661K$661K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$195K$88K$88K$20K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$99K$45K$45K$10K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$40K$18K$18K$4K
Payroll taxesLn 10$20K$9K$9K$2K
Management feesLn 11a$0
Legal feesLn 11b$10K$6K$3K$500
Accounting feesLn 11c$12K$8K$4K$600
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$95K$46K$46K$4K
Other fees for servicesLn 11g$5K$3K$2K$250
Advertising and promotionLn 12$0
Office expensesLn 13$20K$9K$9K$789
Information technologyLn 14$18K$9K$1K$9K
RoyaltiesLn 15$0
OccupancyLn 16$42K$27K$12K$2K
TravelLn 17$121K$79K$36K$6K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$2K$1K$626$104
Other expenses (24a–d)Ln 24$85K$51K$30K$3K
All other expensesLn 24e$14K$7K$5K$2K
Total functional expensesLn 25$1.7M$1.3M$308K$64K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.2M$1.5M−$301K$12.2M 990 PDF
FY2023 $875K$1.4M−$499K$12.4M 990 PDF
FY2022 $1.4M$1.2M$145K$11.9M 990 PDF
FY2021 $1.5M$1.4M$113K$14.4M 990 PDF
FY2020 Viewing $1.7M$1.7M$25K$13.8M 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 FY2020 990 (6 parts)
Part I · Summary $1,691,062 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $109,038$321,837
I-9 Program service revenue$0
I-10 Investment incomePrior year $598,442$1,369,225
I-11 Other revenuePrior year $192,842$0
I-12 Total revenuePrior year $900,322$1,691,062
I-13 Grants and similar amounts paidPrior year $404,600$888,540
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $353,404$353,446
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $422,130$424,065
I-18 Total expensesPrior year $1,180,134$1,666,051
I-19 Revenue less expensesPrior year −$279,812$25,011
Part VI · Governance 3 of 5 board members independent, 5 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $1,691,062 across 9 lines filed
VIII-1c Fundraising events$304,387
VIII-1f All other contributions, gifts and grants$17,450
VIII-1h Total contributions, gifts and grants$321,837
VIII-3 Investment incomeExcluded from tax $326,922$326,922
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,042,303$1,042,303
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $1,369,225$1,691,062
Part IX · Statement of functional expenses $1,666,051 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $227,509$227,509
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipientsPrograms $661,031$661,031
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $87,750 · Management $87,750 · Fundraising $19,500$195,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $44,691 · Management $44,691 · Fundraising $9,931$99,313
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $17,803 · Management $17,803 · Fundraising $3,956$39,562
IX-10 Payroll taxesPrograms $8,807 · Management $8,807 · Fundraising $1,957$19,571
IX-11a Management fees$0
IX-11b Legal feesPrograms $6,500 · Management $3,000 · Fundraising $500$10,000
IX-11c Accounting feesPrograms $7,800 · Management $3,600 · Fundraising $600$12,000
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesPrograms $45,641 · Management $45,641 · Fundraising $3,803$95,085
IX-11g Other fees for servicesPrograms $3,250 · Management $1,500 · Fundraising $250$5,000
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $9,465 · Management $9,465 · Fundraising $789$19,719
IX-14 Information technologyPrograms $8,639 · Management $1,089 · Fundraising $8,605$18,333
IX-15 Royalties$0
IX-16 OccupancyPrograms $27,038 · Management $12,479 · Fundraising $2,080$41,597
IX-17 TravelPrograms $78,816 · Management $36,377 · Fundraising $6,063$121,256
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $1,355 · Management $626 · Fundraising $104$2,085
IX-24 Other expenses (24a–d)Programs $50,854 · Management $30,382 · Fundraising $3,382$84,618
IX-24e All other expensesPrograms $7,156 · Management $4,900 · Fundraising $2,316$14,372
IX-25 Total functional expensesPrograms $1,294,105 · Management $308,110 · Fundraising $63,836$1,666,051
Part X · Balance sheet $13,826,186 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $979,262$551,977
X-2 Savings and temporary cash investmentsStart of year $245,080$243,984
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $12,466,232$13,014,007
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $20,902$16,218
X-16 Total assetsStart of year $13,711,476$13,826,186
X-26 Total liabilitiesStart of year $14,386$0
X-27 Net assets without donor restrictionsStart of year $13,697,090$13,826,186
X-32 Total net assets or fund balancesStart of year $13,697,090$13,826,186
X-33 Total liabilities and net assetsStart of year $13,711,476$13,826,186
Part XI · Reconciliation of net assets $13,826,186 net assets at year end
XI-1 Total revenue$1,691,062
XI-2 Total expenses$1,666,051
XI-3 Revenue less expenses$25,011
XI-4 Net assets at start of year$13,697,090
XI-5 Net unrealized gains (losses) on investments$104,085
XI-10 Net assets at end of year$13,826,186

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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