Civic Intelligence

American Folk Art Museum

990 • Fiscal year 2022 • EIN 13-1985627

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

Organization ProfileWWW.FOLKARTMUSEUM.ORG

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2 Lincoln SquareNew York, NY 10023

(212) 977-7170

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

40th percentile

0.03x

Higher debt load relative to assets than 40% of similar nonprofits.

2022 filings • NTEE A • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

30th percentile

0.07x

Higher debt load relative to revenue than 30% of similar nonprofits.

2022 filings • NTEE A • $10M-$25M nonprofits • Source year 2022

Net Margin

65th percentile

21%

Higher net margin than 65% of similar nonprofits.

2022 filings • NTEE A • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

78th percentile

$275,456

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2022 filings • NTEE A • $10M-$25M nonprofits • Source year 2022

Asset Growth

52nd percentile

-2.9%

Faster asset growth than 52% of similar nonprofits.

2022 filings • NTEE A • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

73rd percentile

50%

Faster revenue growth than 73% of similar nonprofits.

2022 filings • NTEE A • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets40th percentile

Assets

Down

$11,749,573

Down $345,504 (-2.9%) from 2021

Net Assets

Down

$11,361,955

Down $319,530 (-2.7%) from 2021

Liabilities

Down

$387,618

Down $25,974 (-6.3%) from 2021

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin65th percentile

Revenue

Up

$5,728,873

Up $1,910,314 (+50%) from 2021

Expenses

Up

$4,521,552

Up $548,148 (+14%) from 2021

Net Income

Up

$1,207,321

Up $1,362,166 (+880%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth52nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0-$10MAssets 2011: $28,477,987Liabilities 2011: $32,783,529Net Assets 2011: -$4,305,5422011Assets 2012: $8,566,725Liabilities 2012: $325,302Net Assets 2012: $8,241,4232012Assets 2013: $9,524,065Liabilities 2013: $225,638Net Assets 2013: $9,298,4272013Assets 2014: $9,498,673Liabilities 2014: $271,502Net Assets 2014: $9,227,1712014Assets 2015: $9,869,683Liabilities 2015: $403,548Net Assets 2015: $9,466,1352015Assets 2016: $10,807,826Liabilities 2016: $352,302Net Assets 2016: $10,455,5242016Assets 2017: $10,657,276Liabilities 2017: $349,850Net Assets 2017: $10,307,4262017Assets 2018: $10,508,628Liabilities 2018: $271,811Net Assets 2018: $10,236,8172018Assets 2019: $10,332,280Liabilities 2019: $335,567Net Assets 2019: $9,996,7132019Assets 2020: $10,007,735Liabilities 2020: $194,235Net Assets 2020: $9,813,5002020Assets 2021: $12,095,077Liabilities 2021: $413,592Net Assets 2021: $11,681,4852021Assets 2022: $11,749,573Liabilities 2022: $387,618Net Assets 2022: $11,361,9552022Assets 2023: $16,954,252Liabilities 2023: $407,884Net Assets 2023: $16,546,3682023Assets 2024: $16,977,226Liabilities 2024: $235,092Net Assets 2024: $16,742,1342024

Highlighted filing

2022

Assets$11,749,573
Liabilities$387,618
Net Assets$11,361,955
Open 2022 Filing

Operations Trend

Revenue Growth73rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2011: $7,545,575Expenses 2011: $11,291,125Net Income 2011: -$3,745,5502011Expenses 2012: $3,839,9802012Revenue 2013: $4,067,228Expenses 2013: $3,061,936Net Income 2013: $1,005,2922013Revenue 2014: $3,226,565Expenses 2014: $4,111,914Net Income 2014: -$885,3492014Revenue 2015: $4,759,662Expenses 2015: $4,445,713Net Income 2015: $313,9492015Revenue 2016: $5,420,457Expenses 2016: $3,884,833Net Income 2016: $1,535,6242016Revenue 2017: $3,417,353Expenses 2017: $4,220,031Net Income 2017: -$802,6782017Revenue 2018: $3,344,418Expenses 2018: $4,206,590Net Income 2018: -$862,1722018Revenue 2019: $3,621,755Expenses 2019: $4,121,826Net Income 2019: -$500,0712019Revenue 2020: $3,481,365Expenses 2020: $3,661,559Net Income 2020: -$180,1942020Revenue 2021: $3,818,559Expenses 2021: $3,973,404Net Income 2021: -$154,8452021Revenue 2022: $5,728,873Expenses 2022: $4,521,552Net Income 2022: $1,207,3212022Revenue 2023: $9,565,100Expenses 2023: $5,366,290Net Income 2023: $4,198,8102023Revenue 2024: $5,537,927Expenses 2024: $6,661,763Net Income 2024: -$1,123,8362024

Highlighted filing

2022

Revenue$5,728,873
Expenses$4,521,552
Net Income$1,207,321
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.2
Gross Receipts
$6,631,066
Mission and Program Overview

Mission

The american folk art museum is the premier institution devoted to the aesthetic appreciation of traditional folk art and creative expressions of contemporary self-taught artists from the united states and abroad. The museum preserves, conserves, and interprets a comprehensive collection of the highest quality, with objects dating from the eighteenth century to the present.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,678,460$6,361,713▼ $1,316,747
Investments Other Securities$1,287,886$1,251,135▼ $36,751
Cash and Non-Interest-Bearing Accounts$238,700$1,084,613▲ $845,913
Pledges and Grants Receivable$589,364$727,085▲ $137,721
Land, Buildings, and Equipment, Net$576,473$609,530▲ $33,057
Accounts Receivable$165,591$300,550▲ $134,959
Savings and Temporary Cash Investments$99,078$172,705▲ $73,627
Prepaid Expenses and Deferred Charges$133,682$128,959▼ $4,723
Inventories for Sale or Use$112,778$103,299▼ $9,479
Total Assets$12,095,077$11,749,573▼ $345,504
Other Assets Total$1,213,065$1,009,984▼ $203,081
Liabilities
Accounts Payable and Accrued Expenses$290,668$281,758▼ $8,910
Other Liabilities$82,424$69,878▼ $12,546
Deferred Revenue$40,500$35,982▼ $4,518
Total Liabilities$413,592$387,618▼ $25,974
Net Assets / Fund Balance
Net Assets With Donor Restrictions$10,183,207$10,412,620▲ $229,413
Net Assets Without Donor Restrictions$1,498,278$949,335▼ $548,943
Total Net Assets Fund Balance$11,681,485$11,361,955▼ $319,530
Total Liabilities and Net Assets / Fund Balance$12,095,077$11,749,573▼ $345,504

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$356,285$954,878$1,311,163
Equipment$253,245$355,726$608,971
Other Land Buildings$0$40,590$40,590
Other Assets Org$40,833--
Other Securities$1,251,135--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$5,453,087$50,000▼ $511,133-$4,991,954
2020$4,559,587$107,572▲ $1,080,828-$5,453,087
2019$4,733,542-▲ $114,645-$4,559,587
2018$4,531,547$250,000▲ $205,195-$4,733,542
2017$4,386,157$55,000▲ $293,890-$4,531,547
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jason T BuschDirector and CEOFT$259,191$16,265$275,456
Kathleen HayesChief Financial OfficerFT$149,517$14,066$163,583
Stephanie LevinsonDirector of Retail OperationFT$109,095$12,853$121,948

Board Members and Trustees

NameTitle
Edward V Blanchard JrChairman
Laura ParsonsChairman
Elizabeth V WarrenPresident
Audrey HecklerVice President
Lucy C DanzigerVice President
Barbara L GordonTrustee
Ben Z CohenTrustee
Brian DonnellyTrustee
David De LucaTrustee
Gail Wright SirmansTrustee
Jane a ShallatTrustee
Julia AlexanderTrustee
Karin FieldingTrustee
Lawrence B BenensonTrustee
Leslie SeemanTrustee
Luc M VolatierTrustee
Peter RapaportTrustee
Seol ParkTrustee
Willet Bracken EvansTrustee
Sabiha Al KhemirTrustee (outgoing)
Tad MartinTrustee (outgoing)
Roberta S TerkowitzSecretary
Brett a RobbinsTreasurer
Bruce J WendelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,405,242
Program Service Revenue
$332,533
Investment Income
$405,069
Other Revenue
$586,029
All Other Contributions
$3,617,376
Change in Net Assets
$1,207,321

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,390,983
Other Expenses$2,130,569
Total Fundraising Expense$813,351
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$948,585$283,243$343,681$1,575,509
Fees for Services Other$214,963$130,694$160,703$506,360
Current Officers, Directors, Trustees, and Key Employees$264,336$78,929$95,772$439,037
Occupancy$256,900$25,898$35,609$318,407
All Other Expenses$147,754$38,547$43,433$229,734
Payroll Taxes$104,840$31,304$37,985$174,129
Other Employee Benefits$99,982$29,855$36,224$166,061
Office Expenses$144,844$6,175$8,053$159,072
Depreciation Depletion$120,960$12,186$12,186$145,332
Other Expenses$98,818$13,144$1,211$113,173
Insurance$96,767$10,146$2,271$109,184
Fees for Service Investment Mgmnt Fees-$43,983-$43,983
Pension Plan Contributions$21,823$6,517$7,907$36,247
Travel$17,777$7,220$8,422$33,419
Advertising$10,213$330$18,381$28,924
Information Technology$10,442$1,159$107$11,708
Conferences and Meetings$1,598$846$1,406$3,850
Total Functional Expenses$2,978,690$729,511$813,351$4,521,552
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$717,852
Fundraising Direct Expenses$208,738
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$549,129$549,129$208,738$340,391
Auction$168,723$168,723-$168,723
Total Events$717,852$717,852$208,738$509,114
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$69,878
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Jane shallat and peter rapaport have a family relationship.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is prepared by an independent accountant and reviewed by management and the audit committee and distributed to the board of directors for final review and approval before filing.”

Form 990, Part VI, Section B, Line 12C

“Board members and management are required to sign annual questionnaires disclosing any conflict on interest that could exist. Management reviews them and determines if any conflict exists.”

Form 990, Part VI, Section B, Line 15A

“Director and ceo (top management official): the director and ceo has a contract that includes a compensation agreement. There is a compensation committee comprised of members of the board of trustees. The committee agrees on the compensation section of the contract based upon comparability data of other non-profit and museum directors of similar sized museum. This is then prorated for the new york area, based upon data surveys and other comparability data. The compensation for the other top management and officers below the director and ceo is determined by the director and ceo based upon annual reviews as well as comparability data of similar positions in other non-profits and museums of similar size. This is then prorated for the new york area, based upon data surveys and other comparability data.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy, and financial statements are made available upon request.”

Filing and Contact Details

Filer

Filer Name
American Folk Art Museum
EIN
13-1985627
Phone
2129777170
Address
2 LINCOLN SQUARE, NEW YORK, NY 10023

Signing Officer

Name
Jason Busch
Title
Director and CEO
Phone
2129777170
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Busch
Formed
1961
Legal Domicile
Ny
Voting Board Members
26
Independent Board Members
26
Employees
55
Volunteers
26

Preparer

Firm
Cbiz Marks Paneth LLC
Address
685 THIRD AVENUE, NEW YORK, NY 10017
Preparer
Magdalena Czerniawski CPA
Phone
2125038800
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional fees: program service expenses 214,963. Management and general expenses 130,694. Fundraising expenses 160,703. Total expenses 506,360.”

FORM 990, PART XI, LINE 9:

“Change in value of bequest -203,082.”

FORM 990, PART IV, LINE 12A:

“Form 990 is prepared based on all information available at the time of filing and draft financial information. Once more information becomes available, it will be amended accordingly.”

Financial Statement Notes

PART III, LINE 1A:

“In conformity with accounting policies generally followed by art museums, the collections, which were acquired through purchases and contributions since the museum's inception, are not recognized as assets. Purchases of collection items are recorded as decreases in net assets without donor restrictions in the year in which the items are acquired. Proceeds from de-accessions or insurance recoveries are reflected as increases in net assets without donor restrictions. Proceeds from the sale of collections are used to acquire other items for collections. Purchases of collection items in the amount of $3,680 and $15,000 were made during the years ended june 30, 2022 and 2021, respectively, and are included in program expenses in the accompanying statements of activities.”

PART III, LINE 4:

“Organization's collections: the museum is dedicated to preserving the rich folk art heritage of america through the presentation of exhibitions, educational programs,and publications of highest quality. Part v, line 4, intended uses of the organizations endowment funds: the museum has investment assets which are held in perpetuity by third party trustee.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0THE AMERICAN FOLK ART MUSEUM IS THE PREMIER INSTITUTION DEVOTED TO THE AESTHETIC APPRECIATION OF TRADITIONAL FOLK ART AND CREATIVE EXPRESSIONS OF CONTEMPORARY SELF-TAUGHT ARTISTS FROM THE UNITED STATES AND ABROAD. THE MUSEUM PRESERVES, CONSERVES, AND INTERPRETS A COMPREHENSIVE COLLECTION OF THE HIGHEST QUALITY, WITH OBJECTS DATING FROM THE EIGHTEENTH CENTURY TO THE PRESENT.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt230
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2416265
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2514066
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2612853
IRS990/Form990PartVIISectionAGrp/PersonNm0AUDREY HECKLER
IRS990/Form990PartVIISectionAGrp/PersonNm1BARBARA L GORDON
IRS990/Form990PartVIISectionAGrp/PersonNm2BRETT A ROBBINS
IRS990/Form990PartVIISectionAGrp/PersonNm3BRIAN DONNELLY
IRS990/Form990PartVIISectionAGrp/PersonNm4EDWARD V BLANCHARD JR
IRS990/Form990PartVIISectionAGrp/PersonNm5ELIZABETH V WARREN
IRS990/Form990PartVIISectionAGrp/PersonNm6GAIL WRIGHT SIRMANS
IRS990/Form990PartVIISectionAGrp/PersonNm7JANE A SHALLAT
IRS990/Form990PartVIISectionAGrp/PersonNm8KARIN FIELDING
IRS990/Form990PartVIISectionAGrp/PersonNm9LAURA PARSONS
IRS990/Form990PartVIISectionAGrp/PersonNm10LAWRENCE B BENENSON
IRS990/Form990PartVIISectionAGrp/PersonNm11LESLIE SEEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm12LUCY C DANZIGER
IRS990/Form990PartVIISectionAGrp/PersonNm13PETER RAPAPORT
IRS990/Form990PartVIISectionAGrp/PersonNm14ROBERTA S TERKOWITZ
IRS990/Form990PartVIISectionAGrp/PersonNm15SABIHA AL KHEMIR
IRS990/Form990PartVIISectionAGrp/PersonNm16TAD MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm17BRUCE J WENDEL
IRS990/Form990PartVIISectionAGrp/PersonNm18JULIA ALEXANDER
IRS990/Form990PartVIISectionAGrp/PersonNm19LUC M VOLATIER
IRS990/Form990PartVIISectionAGrp/PersonNm20SEOL PARK
IRS990/Form990PartVIISectionAGrp/PersonNm21WILLET BRACKEN EVANS
IRS990/Form990PartVIISectionAGrp/PersonNm22BEN Z COHEN
IRS990/Form990PartVIISectionAGrp/PersonNm23DAVID DE LUCA
IRS990/Form990PartVIISectionAGrp/PersonNm24JASON T BUSCH
IRS990/Form990PartVIISectionAGrp/PersonNm25KATHLEEN HAYES
IRS990/Form990PartVIISectionAGrp/PersonNm26STEPHANIE LEVINSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt25149517
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE (OUTGOING)
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE (OUTGOING)
IRS990/Form990PartVIISectionAGrp/TitleTxt17TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR AND CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt25CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIR. OF RETAIL OPERATION
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01961
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt0208738
IRS990/FundraisingGrossIncomeAmt0717852
IRS990/GainOrLossGrp/SecuritiesAmt0-1905
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt026
IRS990/GovernmentGrantsAmt0787866
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt06631066
IRS990/GrossSalesOfInventoryAmt0745590
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt026
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0107
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01159
IRS990/InformationTechnologyGrp/ProgramServicesAmt010442
IRS990/InformationTechnologyGrp/TotalAmt011708
IRS990/InsuranceGrp/FundraisingAmt02271
IRS990/InsuranceGrp/ManagementAndGeneralAmt010146
IRS990/InsuranceGrp/ProgramServicesAmt096767
IRS990/InsuranceGrp/TotalAmt0109184
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0112778
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0103299
IRS990/InvestmentIncomeGrp/ExclusionAmt0406974
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0406974
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01287886
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01251135
IRS990/InvestmentsPubTradedSecGrp/BOYAmt07678460
IRS990/InvestmentsPubTradedSecGrp/EOYAmt06361713
IRS990/IRPDocumentCnt048
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01351194
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0576473
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0609530
IRS990/LandBldgEquipCostOrOtherBssAmt01960724
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01905
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE AMERICAN FOLK ART MUSEUM ENGAGES PEOPLE OF ALL BACKGROUNDS THROUGH ITS COLLECTIONS, EXHIBITIONS, PUBLICATION, AND PROGRAMS AS THE LEADING FORUM SHAPING THE UNDERSTANDING AND APPRECIATION OF FOLK AND SELF-TAUGHT ART ACROSS TIMES AND SPACE. COMMITTED TO LEARNING AND SCHOLARSHIP AT THE HIGHEST LEVELS, THE MUSEUM ENDEAVORS TO PROVIDE AN INCLUSIVE, ACCESSIBLE, AND WELCOMING ENVIRONMENT FOR ITS DIVERSE AUDIENCE AND TO FOSTER NEW AND DISTINCTIVE IDEAS. THE MUSEUM SEEKS TO ALWAYS ACT IN A SPIRIT OF EXCELLENCE AND INTEGRITY.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/OccupancyGrp/ManagementAndGeneralAmt025898
IRS990/OccupancyGrp/ProgramServicesAmt0256900
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IRS990/OfficeExpensesGrp/FundraisingAmt08053
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06175
IRS990/OfficeExpensesGrp/ProgramServicesAmt0144844
IRS990/OfficeExpensesGrp/TotalAmt0159072
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
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IRS990/OtherAssetsTotalGrp/BOYAmt01213065
IRS990/OtherAssetsTotalGrp/EOYAmt01009984
IRS990/OtherChangesInNetAssetsAmt0-203082
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt036224
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt029855
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt099982
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0166061
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1CONSERVATION
IRS990/OtherExpensesGrp/Desc2SECURITY
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt01211
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09335
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt113144
IRS990/OtherExpensesGrp/ProgramServicesAmt0182329
IRS990/OtherExpensesGrp/ProgramServicesAmt1118495
IRS990/OtherExpensesGrp/ProgramServicesAmt2117264
IRS990/OtherExpensesGrp/ProgramServicesAmt398818
IRS990/OtherExpensesGrp/TotalAmt0191664
IRS990/OtherExpensesGrp/TotalAmt1118495

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,749,573
Liabilities
$387,618
Net assets
$11,361,955
Revenue
$5,728,873
Expenses
$4,521,552
Net income
$1,207,321
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.0$0.24$16.7$5.54$6.66$1.12
2023Detailed filing. Detailed filing data is available for this year.$17.0$0.41$16.5$9.57$5.37$4.20
2022Detailed filing. Detailed filing data is available for this year.$11.7$0.39$11.4$5.73$4.52$1.21
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$0.41$11.7$3.82$3.97$0.15
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.0$0.19$9.81$3.48$3.66$0.18
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.3$0.34$10.00$3.62$4.12$0.50
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.5$0.27$10.2$3.34$4.21$0.86
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$0.35$10.3$3.42$4.22$0.80
2016Detailed filing. Detailed filing data is available for this year.$10.8$0.35$10.5$5.42$3.88$1.54
2015Detailed filing. Detailed filing data is available for this year.$9.87$0.40$9.47$4.76$4.45$0.31
2014Detailed filing. Detailed filing data is available for this year.$9.50$0.27$9.23$3.23$4.11$0.89
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$9.52$0.23$9.30$4.07$3.06$1.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.57$0.33$8.24$3.84
2011Summary only. Only limited summary data is available for this year.$28.5$32.8$4.31$7.55$11.3$3.75
Peer Organizations

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