Foundation for Advancement in Conservation: Nonprofit Profile, Financials & Form 990 (EIN 23-7424418)

The collections assessment for preservation (cap) program is administered by faic under a cooperative agreement with the institute of museum and library services (imls). Participating museums receive support for a general conservation assessment from a qualified collections assessor and a building assessor.

$843Kprogram expense

02

Professional Development & Education

Workshops and educational sessions are a key part of faic's programs. In addition to offering workshops at the aic annual meeting, which draws 800+ attendees each year, faic produces professional development programs throughout the year at various locations.

$524Kprogram expense

03

Research and Publications

Faic publishes information of interest to the conservation and preservation communities on its web pages, such as survey results and other research. Faic videos on disaster response and other topics are made available through faic's learning portal and on the aic youtube account.

$318Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2025

American Institute for Conservation of Historic and Artistic WorksFY2025$22K

Total grants receivedfrom 1 funder$22K

Grants paid · 66 grants · $1.9M · 2020–2025

Northeastern UniversityMA · FY2025$57,829

Your Neighborhood MuseumCA · FY2025$44,000

Cincinnati Museum AssociationOH · FY2025$44,000

The Newberry LibraryIL · FY2025$44,000

Unitemized GrantFY2025$36,000

Unitemized GrantFY2025$23,306

Unitemized GrantFY2025$11,550

Balboa Art Conservation CenterCA · FY2025$8,000

CcahaPA · FY2025$6,363

The John & Mable Ringling Museum of Art Foundation IncorporatedFL · FY2024$37,000

Denver Art Museum INCCO · FY2024$37,000

Trustees of the University of PennsylvaniaPA · FY2024$37,000

Museum AssociatesCA · FY2024$37,000

The Nelson Gallery FoundationMO · FY2024$37,000

Unitemized GrantFY2024$20,000

Unitemized GrantFY2024$12,500

Unitemized GrantFY2024$10,498

Balboa Art Conservation CenterCA · FY2024$8,000

See all 66 grants →

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$3.3M

Ln 12

Gifts and grantsLn 1h$3.0M

Investment incomeLn 3$267K

Other incomeLn 4–11$31K

Money outPt IX

$2.2M

Ln 25

Programscol B$1.8M

Managementcol C$318K

Fundraisingcol D$73K

Owns and owesPt X

$8.8M

net assets · Ln 32

Cash and savingsLn 1–2$867K

Total assetsLn 16$9.4M

LiabilitiesLn 26$643K

PeoplePt VI, VII

13

listed · VII A

PaidVII A0

Voting boardVI 1a9

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$3.0M

Government grantsLn 1e$1.1M

Fees for servicesLn 2g$21K

Investment incomeLn 3$267K

Other incomeLn 4–11$31K

Gains on assetsLn 7$79K

Total revenueLn 12$3.3M

Assets in detailPt X, end of year

CashLn 1$464K

SavingsLn 2$403K

Cash and savings togetherLn 1–2$867K

InvestmentsLn 11–13$7.6M

Land, buildings, equipmentLn 10c$0

Other assetsLn 15$239K

Total assetsLn 16$9.4M

LiabilitiesLn 26$643K

Net assetsLn 32$8.8M

OperationsPt I, VI

EmployeesI 50

VolunteersI 611

Fiscal year endsHeaderDecember

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	$213K	$867K
InvestmentsLn 11–13	$6.5M	$7.6M
Land, buildings, equipmentLn 10c	$0	$0
Total assetsLn 16	$7.3M	$9.4M
LiabilitiesLn 26	$569K	$643K
Net assetsLn 32	$6.7M	$8.8M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$219K	$219K
Grants to domestic individualsLn 2	$71K	$71K
Grants and assistance to foreign recipientsLn 3	$102K	$102K
Pay of current officers, directors and key staffLn 5	$79K	$13K	$60K	$6K
Other salaries and wagesLn 7	$372K	$262K	$83K	$28K
Pension plan contributionsLn 8	$14K	$10K	$3K	$1K
Other employee benefitsLn 9	$41K	$25K	$13K	$3K
Payroll taxesLn 10	$34K	$21K	$11K	$3K
Accounting feesLn 11c	$41K		$40K	$531
Investment management feesLn 11f	$18K		$18K
Other fees for servicesLn 11g	$863K	$855K	$1K	$7K
Office expensesLn 13	$25K	$14K	$11K	$498
Information technologyLn 14	$73K	$52K	$9K	$12K
OccupancyLn 16	$68K	$55K	$11K	$2K
TravelLn 17	$68K	$63K	$3K	$2K
Conferences, conventions and meetingsLn 19	$3K	$3K	$90	$75
Depreciation, depletion and amortizationLn 22	$6K		$6K
InsuranceLn 23	$7K	$5K	$1K	$242
Other expenses (24a–d)Ln 24	$69K	$11K	$50K	$8K
Total functional expensesLn 25	$2.2M	$1.8M	$318K	$73K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$3.3M	$2.2M	$1.1M	$8.8M	990 PDF
FY2024	$1.8M	$2.1M	−$253K	$6.7M	990 PDF
FY2023	$2.5M	$2.9M	−$442K	$6.5M	990 PDF
FY2022	$2.0M	$2.3M	−$287K	$6.2M	990 PDF
FY2021	$2.0M	$1.8M	$156K	$7.7M	990 PDF
FY2020	$1.3M	$1.9M	−$521K	$7.0M	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 FY2025 990 (6 parts)

Part I · Summary $3,285,162 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,353,856$2,965,966

I-9 Program service revenuePrior year $19,042$20,860

I-10 Investment incomePrior year $439,396$266,881

I-11 Other revenuePrior year $12,885$31,455

I-12 Total revenuePrior year $1,825,179$3,285,162

I-13 Grants and similar amounts paidPrior year $328,777$391,824

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

I-15 Salaries and benefitsPrior year $566,242$540,133

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

I-17 Other expensesPrior year $1,183,481$1,239,608

I-18 Total expensesPrior year $2,078,500$2,171,565

I-19 Revenue less expensesPrior year −$253,321$1,113,597

Part VI · Governance 9 of 9 board members independent, no flags

VI-1a Voting members of the governing body9

VI-1b Independent voting members9

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 $3,285,162 across 9 lines filed

Lines not itemized here account for $8,280 of total revenue; see the IRS return.

VIII-1d Related organizations$21,700

VIII-1e Government grants$1,141,632

VIII-1f All other contributions, gifts and grants$1,802,634

VIII-1h Total contributions, gifts and grants$2,965,966

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,860$20,860

VIII-3 Investment incomeExcluded from tax $187,893$187,893

VIII-7 Net gain or loss on sales of assetsExcluded from tax $78,988$78,988

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $23,175$23,175

VIII-12 Total revenueRelated to mission $29,140 · Unrelated business $0 · Excluded from tax $290,056$3,285,162

Part IX · Statement of functional expenses $2,171,565 across 19 lines filed

IX-1 Grants to domestic organizationsPrograms $219,403$219,403

IX-2 Grants to domestic individualsPrograms $70,856$70,856

IX-3 Grants and assistance to foreign recipientsPrograms $101,565$101,565

IX-5 Pay of current officers, directors and key staffPrograms $12,584 · Management $59,774 · Fundraising $6,291$78,649

IX-7 Other salaries and wagesPrograms $262,084 · Management $82,642 · Fundraising $27,723$372,449

IX-8 Pension plan contributionsPrograms $10,192 · Management $2,827 · Fundraising $1,026$14,045

IX-9 Other employee benefitsPrograms $25,347 · Management $12,613 · Fundraising $2,898$40,858

IX-10 Payroll taxesPrograms $20,984 · Management $10,535 · Fundraising $2,613$34,132

IX-11c Accounting feesManagement $40,129 · Fundraising $531$40,660

IX-11f Investment management feesManagement $17,961$17,961

IX-11g Other fees for servicesPrograms $854,585 · Management $1,209 · Fundraising $7,193$862,987

IX-13 Office expensesPrograms $13,511 · Management $10,620 · Fundraising $498$24,629

IX-14 Information technologyPrograms $52,415 · Management $8,970 · Fundraising $11,614$72,999

IX-16 OccupancyPrograms $55,322 · Management $10,538 · Fundraising $2,474$68,334

IX-17 TravelPrograms $62,533 · Management $3,433 · Fundraising $1,763$67,729

IX-19 Conferences, conventions and meetingsPrograms $2,564 · Management $90 · Fundraising $75$2,729

IX-22 Depreciation, depletion and amortizationManagement $5,586$5,586

IX-23 InsurancePrograms $5,417 · Management $1,032 · Fundraising $242$6,691

IX-24 Other expenses (24a–d)Programs $11,071 · Management $49,987 · Fundraising $8,245$69,303

IX-25 Total functional expensesPrograms $1,780,433 · Management $317,946 · Fundraising $73,186$2,171,565

Part X · Balance sheet $9,394,535 assets, 19 lines filed

X-1 Cash, non-interest-bearingStart of year $188,139$463,699

X-2 Savings and temporary cash investmentsStart of year $24,378$402,928

X-3 Pledges and grants receivableStart of year $317,288$689,444

X-8 Inventories for sale or useStart of year $1,921$981

X-9 Prepaid expenses and deferred chargesStart of year $19,574$18,324

X-10c Land, buildings and equipment, netStart of year $0$0

X-11 Publicly traded securitiesStart of year $2,515,940$2,892,399

X-12 Other securitiesStart of year $4,027,018$4,688,133

X-15 Other assetsStart of year $164,853$238,627

X-16 Total assetsStart of year $7,259,111$9,394,535

X-17 Accounts payable and accrued expensesStart of year $61,249$18,369

X-18 Grants payableStart of year $10,150$1,075

X-19 Deferred revenueStart of year $3,861$13,966

X-25 Other liabilitiesStart of year $494,168$609,099

X-26 Total liabilitiesStart of year $569,428$642,509

X-27 Net assets without donor restrictionsStart of year $262,470$417,266

X-28 Net assets with donor restrictionsStart of year $6,427,213$8,334,760

X-32 Total net assets or fund balancesStart of year $6,689,683$8,752,026

X-33 Total liabilities and net assetsStart of year $7,259,111$9,394,535

Part XI · Reconciliation of net assets $8,752,026 net assets at year end

XI-1 Total revenue$3,285,162

XI-2 Total expenses$2,171,565

XI-3 Revenue less expenses$1,113,597

XI-4 Net assets at start of year$6,689,683

XI-5 Net unrealized gains (losses) on investments$948,746

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$8,752,026

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

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Foundation for Advancement in Conservation

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