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Faou Foundation FY2023 filing

Tax-deductible

New York, NY501(c)(3)Arts & Culture EIN 27-2399066Revenue $178K in FY2023Latest return filed Apr 15, 2026

On file with the IRSfaoufoundation.orgNew York, NYTax-exempt since Jul 2010Publicly supported charity — 170(b)(1)(A)(vi)

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The foundation's mission is to create a series of harmonious, site specific art installations around the world,each of which will provide lasting testimony to the natural beauty of their surroundings. These permanent works will help promote a deeper understanding of humankind's connection with the natural environment, and serve for preserving and revitalizing the communities that will host these installations. The Foundation also strives to form strong connections with the local communities that host its art installations, and to engage in various revitalization and educational efforts specific to each communitity's specific needs, landscape and culture.

501(c)(3) charity; gifts are tax-deductible.
50¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $97K a year · 43% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
50%
of spending
Concern: 50% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $20K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$105K
60% of total assets
Fine: liabilities are 60% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$178K
+11% vs prior year
Spent
$179K
To programs
50%
Net assets
$70K
By yearFY2020–FY2025
Revenue
$178K
FY2023▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$180K
FY2021$240K
FY2022$160K
FY2023$178K
FY2025$356K
Expenses
$179K
FY2023▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$75K
FY2021$165K
FY2022$185K
FY2023$179K
FY2025$994K
Net assets
$70K
FY2023▼ -0.9%
Tap a bar for its year
Net assets by fiscal year
FY2020$21K
FY2021$96K
FY2022$71K
FY2023$70K
FY2025$56K

From the FY2023 Form 990 (year ending May 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2010.

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

Where the money goes

50 cents of each dollar spent went to programs.

Program services 50% · $89K Management & general 24% · $43K Fundraising 26% · $46K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Mariko Mori
President/ Director
$0Pt VII · Sec A
Philippe Khuong-Huu
Vice President/ Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Yvette Lee’s $125K as Employee is at the 95th percentile of top reported officer pay among 2215 $100K–1M 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.

See Faou Foundation 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
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Creates site-specific art installations globally, celebrating nature and revitalizing host communities.

Questions for Faou Foundation

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1 program · $89K · in their own filed words · FY2022
01

The foundation currently has projects under development in africa, australia, europe and north america.

$89Kprogram 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 · FY2023
Common Counsel FoundationFY2023$10K
The Goldman Sachs Charitable Gift FundFY2023$10K
Total grants receivedfrom 2 funders$20K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$178K
Ln 12
Gifts and grantsLn 1h$178K
Investment incomeLn 3$19
Money outPt IX
$179K
Ln 25
Programscol B$89K
Managementcol C$43K
Fundraisingcol D$46K
Owns and owesPt X
$70K
net assets · Ln 32
Cash and savingsLn 1–2$156K
Total assetsLn 16$175K
LiabilitiesLn 26$105K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$178K
Investment incomeLn 3$19
Total revenueLn 12$178K
Assets in detailPt X, end of year
CashLn 1$156K
Cash and savings togetherLn 1–2$156K
Other assetsLn 15$19K
Total assetsLn 16$175K
LiabilitiesLn 26$105K
Net assetsLn 32$70K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderMay
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 FY23End FY23
Cash and savingsLn 1–2$173K$156K
Total assetsLn 16$178K$175K
LiabilitiesLn 26$108K$105K
Net assetsLn 32$71K$70K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$125K$62K$31K$31K
Other employee benefitsLn 9$14K$7K$3K$3K
Payroll taxesLn 10$10K$5K$2K$2K
Advertising and promotionLn 12$674$674
Office expensesLn 13$2K$1K$597$597
TravelLn 17$7K$7K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$15K$14K$362$1K
All other expensesLn 24e$75$37$19$19
Total functional expensesLn 25$179K$89K$43K$46K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 15, 2026 $356K$994K−$638K$56K 990 PDF
FY2024 Not on file
FY2023 ViewingFiled with the IRS Apr 30, 2024 $178K$179K−$648$70K 990 PDF
FY2022Filed with the IRS Oct 7, 2022 $160K$185K−$25K$71K 990 PDF
FY2021Filed with the IRS Dec 13, 2021 $240K$165K$75K$96K 990 PDF
FY2020Filed with the IRS Jan 12, 2021 $180K$75K$105K$21K 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 FY2023 990 (6 parts)
Part I · Summary $178,069 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $160,000$178,050
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $20$19
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $160,020$178,069
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 $149,970$148,521
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $35,156$30,196
I-18 Total expensesPrior year $185,126$178,717
I-19 Revenue less expensesPrior year −$25,106−$648
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $178,069 across 4 lines filed
VIII-1f All other contributions, gifts and grants$178,050
VIII-1h Total contributions, gifts and grants$178,050
VIII-3 Investment incomeUnrelated business $19$19
VIII-12 Total revenueRelated to mission $0 · Unrelated business $19 · Excluded from tax $0$178,069
Part IX · Statement of functional expenses $178,717 across 9 lines filed
IX-7 Other salaries and wagesPrograms $62,500 · Management $31,250 · Fundraising $31,250$125,000
IX-9 Other employee benefitsPrograms $6,850 · Management $3,425 · Fundraising $3,425$13,700
IX-10 Payroll taxesPrograms $4,911 · Management $2,455 · Fundraising $2,455$9,821
IX-12 Advertising and promotionFundraising $674$674
IX-13 Office expensesPrograms $1,192 · Management $597 · Fundraising $597$2,386
IX-17 TravelFundraising $6,561$6,561
IX-23 InsuranceManagement $5,126$5,126
IX-24 Other expenses (24a–d)Programs $13,655 · Management $362 · Fundraising $1,357$15,374
IX-24e All other expensesPrograms $37 · Management $19 · Fundraising $19$75
IX-25 Total functional expensesPrograms $89,145 · Management $43,234 · Fundraising $46,338$178,717
Part X · Balance sheet $174,983 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $172,861$155,586
X-15 Other assetsStart of year $5,535$19,397
X-16 Total assetsStart of year $178,396$174,983
X-17 Accounts payable and accrued expensesStart of year $34,977$32,212
X-22 Loans from officers and insidersStart of year $72,697$72,697
X-26 Total liabilitiesStart of year $107,674$104,909
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $70,722$70,074
X-32 Total net assets or fund balancesStart of year $70,722$70,074
X-33 Total liabilities and net assetsStart of year $178,396$174,983
Part XI · Reconciliation of net assets $70,074 net assets at year end
XI-1 Total revenue$178,069
XI-2 Total expenses$178,717
XI-3 Revenue less expenses−$648
XI-4 Net assets at start of year$70,722
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$70,074

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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