The AAMC Foundation was formed to heighten public understanding of the curators role through lectures, symposia, and published materials and to award grants to curators to improve their ability to serve the public.

501(c)(3) charity; gifts are tax-deductible.
54¢ of each $1 spent went to programs.
Run by 20 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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 6
filings with a surplus
Average surplus $18K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 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
$80K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $125K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$35K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$911K
-46% vs prior year
Spent
$1.1M
To programs
54%
Net assets
$359K
By yearFY2020–FY2025
Revenue
$911K
FY2025▼ -46%
Tap a bar for its year
Revenue by fiscal year
FY2020$380K
FY2021$1.0M
FY2022$505K
FY2023$628K
FY2024$1.7M
FY2025$911K
Expenses
$1.1M
FY2025-0.08%
Tap a bar for its year
Expenses by fiscal year
FY2020$382K
FY2021$501K
FY2022$1.0M
FY2023$836K
FY2024$1.1M
FY2025$1.1M
Net assets
$359K
FY2025▼ -42%
Tap a bar for its year
Net assets by fiscal year
FY2020$273K
FY2021$810K
FY2022$285K
FY2023$76K
FY2024$619K
FY2025$359K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2004.

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% · $620K Management & general 26% · $301K Fundraising 20% · $227K

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

22 people listed on the 990; $80K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$79,647Pt VII · Sec A
$0Pt VII · Sec A
Vice President - Governance & Nominating
$0Pt VII · Sec A
Vice President - Outreach
$0Pt VII · Sec A
Vice President - Advocacy
$0Pt VII · Sec A
Vice Rpesident - Finance & Audit
$0Pt VII · Sec A
Vice President- Fundraising
$0Pt VII · Sec A
$0Pt VII · Sec A

Christina Yang’s $80K as Executive Director is at the 75th percentile of top reported officer pay among 2216 $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.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Judith Pineiro—$165,949$175,070$157,849$126,156$117,827
Christina Yang$79,647—————
Daniel Belasco———$1,500——
Carolyn Royston——$1,000———

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 The AAMC 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 15aNo

Programs and updates

Educates the public on curators' roles and funds curators to better serve communities.

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3 programs · $570K · in their own filed words · FY2025
01

Professional Alliance for Curators of Color (pacc)

Pacc is a multifaceted initiative designed to support and accelerate a curators early career development. Founded in 2021, the program offers training sessions, workshops and the oversight of a curatorial advisor, as well as support through a professional network including a pairing with a senior curatorial mentor, a peer cohort, and…

$196Kprogram expense
02

Propel Program (formerly Mentorship Program)

A multifaceted initiative designed to support and accelerate a curators mid-career advancement. The program is the longest running initiative of its kind offering both training sessions and workshops as well as support through a professional network including a pairing with a senior curatorial mentor, a peer cohort, and alumni community.

$187Kprogram expense
03

Annual Conference

The largest gathering of nonprofit art curators globally, providing events, networking, talks, and presentations accross multiple days.

$187Kprogram 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
Total grants receivedfrom 1 funder$125K
Grants paid · 5 grants · $555K · 2020–2025
Unitemized GrantFY2025$113,150
Unitemized GrantFY2023$104,706
Unitemized GrantFY2022$221,437
Unitemized GrantFY2021$84,104
Unitemized GrantFY2020$31,478

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$911K
Ln 12
Gifts and grantsLn 1h$790K
Fees for servicesLn 2g$116K
Other incomeLn 4–11$5K
Money outPt IX
$1.1M
Ln 25
Programscol B$620K
Managementcol C$301K
Fundraisingcol D$227K
Owns and owesPt X
$359K
net assets · Ln 32
Cash and savingsLn 1–2$164K
Total assetsLn 16$395K
LiabilitiesLn 26$35K
PeoplePt VI, VII
22
listed · VII A
PaidVII A1
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$790K
Government grantsLn 1e$70K
Fees for servicesLn 2g$116K
Investment incomeLn 3$45
Other incomeLn 4–11$5K
Total revenueLn 12$911K
Assets in detailPt X, end of year
CashLn 1$65K
SavingsLn 2$99K
Cash and savings togetherLn 1–2$164K
Land, buildings, equipmentLn 10c$184
Other assetsLn 15$263
Total assetsLn 16$395K
LiabilitiesLn 26$35K
Net assetsLn 32$359K
OperationsPt I, VI
EmployeesI 54
VolunteersI 620
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
LineStart FY25End FY25
Cash and savingsLn 1–2$527K$164K
Land, buildings, equipmentLn 10c$552$184
Total assetsLn 16$664K$395K
LiabilitiesLn 26$45K$35K
Net assetsLn 32$619K$359K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$113K$113K
Grants and assistance to foreign recipientsLn 3$40K$40K
Pay of current officers, directors and key staffLn 5$99K$49K$25K$25K
Other salaries and wagesLn 7$239K$106K$60K$72K
Pension plan contributionsLn 8$9K$4K$2K$3K
Other employee benefitsLn 9$57K$25K$14K$17K
Payroll taxesLn 10$25K$12K$6K$7K
Legal feesLn 11b$3K$0$3K$0
Accounting feesLn 11c$66K$5K$55K$5K
Other fees for servicesLn 11g$242K$92K$94K$56K
Advertising and promotionLn 12$7K$7K$0$0
Office expensesLn 13$14K$6K$1K$8K
Information technologyLn 14$40K$19K$8K$14K
OccupancyLn 16$56K$25K$14K$16K
TravelLn 17$7K$3K$4K$0
Conferences, conventions and meetingsLn 19$93K$93K$0$0
Depreciation, depletion and amortizationLn 22$367$169$91$107
InsuranceLn 23$9K$4K$2K$3K
Other expenses (24a–d)Ln 24$12K$1K$8K$2K
All other expensesLn 24e$18K$15K$3K$0
Total functional expensesLn 25$1.1M$620K$301K$227K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $911K$1.1M−$237K$359K 990 PDF
FY2024 $1.7M$1.1M$543K$619K 990 PDF
FY2023 $628K$836K−$208K$76K 990 PDF
FY2022 $505K$1.0M−$525K$285K 990 PDF
FY2021 $1.0M$501K$537K$810K 990 PDF
FY2020 $380K$382K−$2K$273K 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 $911,157 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,038,907$790,414
I-9 Program service revenuePrior year $140,332$116,104
I-10 Investment incomePrior year $255$45
I-11 Other revenuePrior year $512,363$4,594
I-12 Total revenuePrior year $1,691,857$911,157
I-13 Grants and similar amounts paidPrior year $103,327$153,458
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $454,694$428,632
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $591,143$566,131
I-18 Total expensesPrior year $1,149,164$1,148,221
I-19 Revenue less expensesPrior year $542,693−$237,064
Part VI · Governance 20 of 20 board members independent, 1 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
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 $911,157 across 9 lines filed
VIII-1b Membership dues$207,647
VIII-1d Related organizations$125,000
VIII-1e Government grants$70,000
VIII-1f All other contributions, gifts and grants$387,767
VIII-1h Total contributions, gifts and grants$790,414
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$116,104
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $45$45
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,594 · Unrelated business $0 · Excluded from tax $0$4,594
VIII-12 Total revenueRelated to mission $120,698 · Unrelated business $0 · Excluded from tax $45$911,157
Part IX · Statement of functional expenses $1,148,221 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $113,150$113,150
IX-3 Grants and assistance to foreign recipientsPrograms $40,308$40,308
IX-5 Pay of current officers, directors and key staffPrograms $49,480 · Management $24,740 · Fundraising $24,739$98,959
IX-7 Other salaries and wagesPrograms $106,251 · Management $60,094 · Fundraising $72,282$238,627
IX-8 Pension plan contributionsPrograms $4,094 · Management $2,242 · Fundraising $2,584$8,920
IX-9 Other employee benefitsPrograms $25,247 · Management $14,289 · Fundraising $17,201$56,737
IX-10 Payroll taxesPrograms $11,653 · Management $6,382 · Fundraising $7,354$25,389
IX-11b Legal feesPrograms $0 · Management $2,837 · Fundraising $0$2,837
IX-11c Accounting feesPrograms $5,092 · Management $55,363 · Fundraising $5,091$65,546
IX-11g Other fees for servicesPrograms $91,685 · Management $93,987 · Fundraising $56,158$241,830
IX-12 Advertising and promotionPrograms $6,959 · Management $0 · Fundraising $0$6,959
IX-13 Office expensesPrograms $5,656 · Management $1,219 · Fundraising $7,517$14,392
IX-14 Information technologyPrograms $18,713 · Management $7,647 · Fundraising $13,563$39,923
IX-16 OccupancyPrograms $25,493 · Management $13,963 · Fundraising $16,090$55,546
IX-17 TravelPrograms $2,608 · Management $4,496 · Fundraising $0$7,104
IX-19 Conferences, conventions and meetingsPrograms $92,684 · Management $0 · Fundraising $0$92,684
IX-22 Depreciation, depletion and amortizationPrograms $169 · Management $91 · Fundraising $107$367
IX-23 InsurancePrograms $4,230 · Management $2,317 · Fundraising $2,670$9,217
IX-24 Other expenses (24a–d)Programs $1,477 · Management $8,409 · Fundraising $1,643$11,529
IX-24e All other expensesPrograms $14,794 · Management $3,403 · Fundraising $0$18,197
IX-25 Total functional expensesPrograms $619,743 · Management $301,479 · Fundraising $226,999$1,148,221
Part X · Balance sheet $394,806 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $283,002$65,037
X-2 Savings and temporary cash investmentsStart of year $243,557$98,600
X-3 Pledges and grants receivableStart of year $93,777$210,800
X-9 Prepaid expenses and deferred chargesStart of year $38,870$19,922
X-10c Land, buildings and equipment, netStart of year $552$184
X-15 Other assetsStart of year $4,191$263
X-16 Total assetsStart of year $663,949$394,806
X-17 Accounts payable and accrued expensesStart of year $40,802$22,348
X-19 Deferred revenueStart of year $4,250$13,058
X-26 Total liabilitiesStart of year $45,052$35,406
X-27 Net assets without donor restrictionsStart of year $162,562$116,900
X-28 Net assets with donor restrictionsStart of year $456,335$242,500
X-32 Total net assets or fund balancesStart of year $618,897$359,400
X-33 Total liabilities and net assetsStart of year $663,949$394,806
Part XI · Reconciliation of net assets $359,400 net assets at year end
XI-1 Total revenue$911,157
XI-2 Total expenses$1,148,221
XI-3 Revenue less expenses−$237,064
XI-4 Net assets at start of year$618,897
XI-8 Prior period adjustments−$22,433
XI-10 Net assets at end of year$359,400

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

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