Civic Intelligence

World Monuments Fund Inc.

990 • Fiscal year 2021 • EIN 13-2571900

Jul 01, 2020 to Jun 30, 2021 • Filed on Dec 08, 2021

350 Fifth Avenue No 2412New York, NY 10118

(646) 424-9594

Siviq Scores

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

Liabilities / Assets

15th percentile

0.02x

Higher debt load relative to assets than 15% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

18th percentile

0.09x

Higher debt load relative to revenue than 18% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Net Margin

50th percentile

11%

Higher net margin than 50% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

60th percentile

$397,231

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Asset Growth

55th percentile

13%

Faster asset growth than 55% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

11th percentile

-18%

Faster revenue growth than 11% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Assets

Up

$55,746,854

Up $6,498,079 (+13%) from 2020

Net Assets

Up

$54,767,367

Up $6,563,500 (+14%) from 2020

Liabilities

Down

$979,487

Down $65,421 (-6.3%) from 2020

Revenue

Down

$11,447,980

Down $2,468,494 (-18%) from 2020

Expenses

Down

$10,166,892

Down $1,610,417 (-14%) from 2020

Net Income

Down

$1,281,088

Down $858,077 (-40%) from 2020

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $53,477,804Liabilities 2010: $324,865Net Assets 2010: $53,152,9392010Assets 2011: $57,268,443Liabilities 2011: $528,730Net Assets 2011: $56,739,7132011Assets 2012: $65,245,200Liabilities 2012: $828,790Net Assets 2012: $64,416,4102012Assets 2013: $67,868,756Liabilities 2013: $1,484,620Net Assets 2013: $66,384,1362013Assets 2014: $59,450,482Liabilities 2014: $867,866Net Assets 2014: $58,582,6162014Assets 2015: $55,026,247Liabilities 2015: $951,474Net Assets 2015: $54,074,7732015Assets 2016: $45,697,763Liabilities 2016: $1,277,275Net Assets 2016: $44,420,4882016Assets 2017: $48,514,172Liabilities 2017: $949,898Net Assets 2017: $47,564,2742017Assets 2018: $47,695,040Liabilities 2018: $1,204,466Net Assets 2018: $46,490,5742018Assets 2019: $46,757,283Liabilities 2019: $495,696Net Assets 2019: $46,261,5872019Assets 2020: $49,248,775Liabilities 2020: $1,044,908Net Assets 2020: $48,203,8672020Assets 2021: $55,746,854Liabilities 2021: $979,487Net Assets 2021: $54,767,3672021Assets 2022: $56,711,356Liabilities 2022: $706,367Net Assets 2022: $56,004,9892022Assets 2023: $69,824,954Liabilities 2023: $6,656,382Net Assets 2023: $63,168,5722023Assets 2024: $79,907,342Liabilities 2024: $6,218,335Net Assets 2024: $73,689,0072024

Highlighted filing

2021

Assets$55,746,854
Liabilities$979,487
Net Assets$54,767,367

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $19,574,2892010Revenue 2011: $20,450,132Expenses 2011: $20,238,022Net Income 2011: $212,1102011Revenue 2012: $23,880,617Expenses 2012: $16,651,740Net Income 2012: $7,228,8772012Revenue 2013: $16,808,805Expenses 2013: $18,000,590Net Income 2013: -$1,191,7852013Revenue 2014: $13,156,561Expenses 2014: $21,996,049Net Income 2014: -$8,839,4882014Revenue 2015: $13,296,774Expenses 2015: $15,379,024Net Income 2015: -$2,082,2502015Revenue 2016: $10,159,535Expenses 2016: $16,573,529Net Income 2016: -$6,413,9942016Revenue 2017: $15,624,512Expenses 2017: $12,445,266Net Income 2017: $3,179,2462017Revenue 2018: $9,842,072Expenses 2018: $11,537,484Net Income 2018: -$1,695,4122018Revenue 2019: $15,306,864Expenses 2019: $12,784,723Net Income 2019: $2,522,1412019Revenue 2020: $13,916,474Expenses 2020: $11,777,309Net Income 2020: $2,139,1652020Revenue 2021: $11,447,980Expenses 2021: $10,166,892Net Income 2021: $1,281,0882021Revenue 2022: $20,259,179Expenses 2022: $14,338,632Net Income 2022: $5,920,5472022Revenue 2023: $20,280,363Expenses 2023: $15,407,105Net Income 2023: $4,873,2582023Revenue 2024: $26,132,881Expenses 2024: $17,670,746Net Income 2024: $8,462,1352024

Highlighted filing

2021

Revenue$11,447,980
Expenses$10,166,892
Net Income$1,281,088
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Dec 8, 2021
Return Version
2020v4.1
Gross Receipts
$11,720,264
Mission and Program Overview

Mission

Wmf safeguards the world's signifcant cultural places to enrich lives and build mutual understanding.

Preserve historic architectural sites & works of art without regard to national boundaries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$25,371,619$30,479,385▲ $5,107,766
Savings and Temporary Cash Investments$12,100,911$13,550,796▲ $1,449,885
Pledges and Grants Receivable$10,242,407$9,353,520▼ $888,887
Investments Other Securities$708,833$1,423,662▲ $714,829
Accounts Receivable$67,954$257,198▲ $189,244
Land, Buildings, and Equipment, Net$230,226$169,458▼ $60,768
Cash and Non-Interest-Bearing Accounts$179,306$146,964▼ $32,342
Prepaid Expenses and Deferred Charges$78,269$96,270▲ $18,001
Total Assets$49,248,775$55,746,854▲ $6,498,079
Other Assets Total$269,250$269,601▲ $351
Liabilities
Unsecured Notes Loans Payable$451,270$493,330▲ $42,060
Accounts Payable and Accrued Expenses$574,453$486,157▼ $88,296
Other Liabilities$19,185$0▼ $19,185
Total Liabilities$1,044,908$979,487▼ $65,421
Net Assets / Fund Balance
Net Assets With Donor Restrictions$46,462,638$52,815,856▲ $6,353,218
Net Assets Without Donor Restrictions$1,741,229$1,951,511▲ $210,282
Total Net Assets Fund Balance$48,203,867$54,767,367▲ $6,563,500
Total Liabilities and Net Assets / Fund Balance$49,248,775$55,746,854▲ $6,498,079

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$54,439$567,949$622,388
Equipment$115,019$445,544$560,563
Leasehold Improvements$0$300,589$300,589

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$26,816,071$100,000▲ $6,572,061$1,035,000$32,453,132
2019$27,190,425-▲ $685,646$1,060,000$26,816,071
2018$27,546,449$37,001▲ $811,275$1,204,300$27,190,425
2017$27,189,551$19,226▲ $1,652,672$1,315,000$27,546,449
2016$25,777,161$447,993▲ $2,779,682$1,800,680$27,189,551
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Benedicte De MontlaurPresident & CEOFT$348,522$48,709$397,231
Christopher JeannopoulosCfaoFT$224,443$20,920$245,363
Darlene MccloudExecutive V.p.FT$199,981$33,260$233,241
Karaugh BrownV.p. of DevelopmentFT$176,490$22,257$198,747
Jonathan BellV.p. of ProgramsFT$142,189$16,212$158,401

Highest Paid Contractors

ContractorServicesLocationCompensation
Preah Khan ConservationConservation0807 BANTEAY VILLAGE, Banteay Village, SIEM REAP, Cb$642,858
The Palace MuseumConservation4 JINGSHAN QIANJIE, Beijing, BEIJING, Ch$410,156
Siero Lam SaConservationLOS CUETOS, Arguelles, SIERO, Sp$327,138
Comunita Ebraica Di VeneziaConservationCANNAREGIO 1146, Venezia, VENEZIA, It$150,000
Sento-to-machi General INCConservation2-19-9 HAKUSAN, Bunkyo, TOKYO, Ja$111,900
Revenue and Support

Revenue Composition

Contributions and Grants
$9,856,785
Program Service Revenue
$0
Investment Income
$1,532,688
Other Revenue
$58,507
All Other Contributions
$7,020,353
Change in Net Assets
$1,281,088

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded8$276,514Fair Market Value (FMV)
Total Noncash Contributions8$276,514-

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,312,674
Revenue Not Reported on Financial Statements
$135,306
Revenue Not Reported on Form 990
$5,282,412
Total Revenue per Audited Statements
$16,595,086
Total Revenue per Form 990
$11,447,980
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,390,176
Salaries, Compensation, and Employee Benefits$3,776,716
Total Fundraising Expense$1,596,568
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$4,406,654$50,750$-4,050$4,453,354
Other Salaries and Wages$1,326,596$462,263$764,591$2,553,450
Occupancy$331,063$110,856$188,196$630,115
Information Technology$235,358$53,454$115,301$404,113
Current Officers, Directors, Trustees, and Key Employees$206,934$71,332$118,965$397,231
Other Employee Benefits$176,600$58,328$99,769$334,697
Payroll Taxes$159,615$53,581$91,652$304,848
Office Expenses$81,427$28,329$85,872$195,628
Pension Plan Contributions$97,697$32,696$56,097$186,490
Travel$169,873$2,566$2,257$174,696
Fees for Service Investment Mgmnt Fees-$135,306-$135,306
Depreciation Depletion$68,093$22,877$39,094$130,064
Insurance$36,411$12,827$20,792$70,030
Fees for Services Accounting$9,066$54,726$4,923$68,715
Conferences and Meetings$55,256-$3,546$58,802
Fees for Services Legal$22,441$11,506$8,468$42,415
Advertising$11,767$1,476$1,095$14,338
Fees for Services Management-$12,600-$12,600
Total Functional Expenses$7,394,851$1,175,473$1,596,568$10,166,892

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$10,166,892
Expenses per Audited Statements$10,031,586
Total Expenses per Audited Statements$10,031,586
Expenses Not Reported on Financial Statements$135,306
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
6
Spending
$4,680,890

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificProgram ServicesField Project Restoration01$1,624,006
EuropeProgram ServicesField Project Restoration01$965,781
Middle East and North AfricaProgram ServicesField Project Restoration01$790,566
South AsiaProgram ServicesField Project Restoration01$401,014
Central America and CaribbeanProgram ServicesField Project Restoration00$363,831
Sub-saharan AfricaProgram ServicesField Project Restoration00$287,544
South AmericaProgram ServicesField Project Restoration02$190,148
North AmericaProgram ServicesField Project Restoration00$58,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$89,574
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Hadrian Award$848,573-$52,951-
Spring Event$150,100-$36,623-
Total Events$998,673-$89,574$-89,574
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The world monuments fund, inc. (wmf) provides a copy of form 990 to the finance and audit committee to review and approval before filing. The 990 is available to the public through the organizations website wmf.org.

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

The wmf conflict of interest and business relationship disclosure statements are given to new trustees to complete when they join the board and annually thereafter. The information on the statements is summarized and provided to the chair. If during the year there are discussions or actions involving any financially or programmatically substantive issue regarding these organizations, vendors or investment firms (ordinarily funding, personnel, whether to continue the relationship, and whether to take legal, disciplinary or other action), individuals with relationships and potential conflicts will recuse themselves whenever the organizations, vendors or investment firms are up for discussion or action. Staff refer to the list so individuals can be excluded when a conflict arises such as wmf funding awards to other organizations where wmf trustees or family members serve on their boards. Individuals with conflicts involving wmf affiliates are not excluded from the discussions about the affiliates but would be excluded from the vote (and the final part of the discussion leading up to the vote) if the vote involves any financially or programmatically substantive issue.

Form 990, Part VI, Section B, Line 15

The world monuments fund, inc. Finance and audit committee is responsible for reviewing and approving the compensation for the key employees and highly compensated employees (above ($150,000). The committee includes trustees who are independent of the key and highly compensated employees. Each year the committee is provided with written comparable data such as specific compensation information from form 990's of similar organizations, and national survey information on non-profit compensation levels, ranges and trends. The committee chair reviews the information with committee members and responds to the cfo confirming the proposed compensation for the coming year.

Form 990, Part VI, Section C, Line 19

Wmf governing documents are avaliable for review. The form 990, conflict of interest policy, and financial statements are avaliable to the public through the organizations website www.wmf.org

Filing and Contact Details

Filer

Filer Name
World Monuments Fund Inc
EIN
13-2571900
Phone
6464249594
Address
350 FIFTH AVENUE NO 2412, NEW YORK, NY 10118

Signing Officer

Name
Christopher Jeannopoulos
Title
Chief Financial Admin. Officer
Phone
6464249594
Signed
2021-12-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Jeannopoulos
Formed
1965
Legal Domicile
Ny
Voting Board Members
28
Independent Board Members
28
Employees
38
Volunteers
28

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY LLP
Address
ONE BATTERY PARK PLAZA 7TH FL, NEW YORK, NY 10004
Preparer
Alexander Lazzaruolo
Phone
2126617777
Supplemental Narrative

Additional Explanations

Part III - Line 4A

Field restoration projects and programs wmf field work encompasses five core program areas that serve the broad interests of preservation including (1) preservation of architectural and cultural heritage, (2) capacity building and cultural tourism management in local communities, (3) advocacy for the preservation movement, (4) education and training, and (5) disaster recovery. Restoration projects and preservation programs included over 100 sites in over 52 countries.

Part III - Line 4B

Education & outreach programs education and outreach program activities included (a) a craftsman training program that provides hands-on training and on-site restoration work at five international project sites in the u.s., peru and cambodia, (b) sustainable tourism programs to help balance the social and economic benefits with the damage to fragile historic sites (c) modernism at risk exhibition "modern solutions for saving modern landmarks" which explores the role designers and architects play in saving endangered modern buildings, (d) annual lecture series, (e) publication of wmf newsletters, (f) archival program to organize restoration project materials, digitize technical reports and images, past publications, newsletters, printed materials related to field projects in a digital image library available to american universities, colleges, researchers and students for research purposes, (g) wmf's website which offers digitized materials to provide a rich and lively view of a broad cross-section of the work of the organization, (h) selection and preparation for the launch of the 2016 watch list of endangered sites.

Form 990, Part IX, Line 11G

Professional fees, organizations, and consultants: program service expenses 4,406,653. Management and general expenses 50,750. Fundraising expenses -4,050. Total expenses 4,453,353. : program service expenses 1. Management and general expenses 0. Fundraising expenses 0. Total expenses 1.

Financial Statement Notes

PART II, LINE 5:

Procedures for monitoring, inspecting and enforcement of the conservation easement: wmf communicates with the owner to confirm that they are adhering to the restrictions imposed by the terms of the agreement and ensure the conservation purpose of the easement is being achieved. The conservation easement rides with the title to the property, a potential purchaser must be informed of the easement and wmf must be informed of a new owner. Wmf performs onsite visits to observe the property annually or when alterations or changes have been made to the premises that could affect the protected features covered in the easement. Changes which could affect the protected features shall adhere to the secretary of the interior's standards for the treatment of historic properties. Wmf confirms its observations regarding compliance with the conservation easement. If a violation was observed, wmf would take action to explain the easement obligation and compel the owner to adhere to the agreement, including communication, arbitration, or litigation. The easement document (section 8) outlines that wmf has the right, accompanied by a representative of the owner, to enter the premises once per year to inspect the premises. In addition wmf may inspect the premises after material alterations or changes to the premises (including emergency repairs) if any protected features could be affected by alterations."

PART II, LINE 9:

Consideration for the conservation easement is included in the revenue and expense statement and balance sheet.

PART V, LINE 4:

The endowment includes 7 individual endowment funds. The endowment provides stable financial support to a wide variety of programs and activities in perpetuity, playing a critical role in enabling world monuments fund to achieve its mission. Programs supported by the endowment include wmf field work (conservation projects) and education & outreach programs. The endowment includes both donor-restricted endowment funds and funds designated by the board of directors to foundation as endowments. Net assets associated with endowment funds, including board-designated endowment funds, are classified and reported based on the existence or absence of donor-imposed restrictions.

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IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt25TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt26TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt27TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt28PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt29V.P. OF DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt30EXECUTIVE V.P.
IRS990/Form990PartVIISectionAGrp/TitleTxt31CFAO
IRS990/Form990PartVIISectionAGrp/TitleTxt32V.P. OF PROGRAMS
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$79.9$6.22$73.7$26.1$17.7$8.46
2023Detailed filing. Detailed filing data is available for this year.$69.8$6.66$63.2$20.3$15.4$4.87
2022Detailed filing. Detailed filing data is available for this year.$56.7$0.71$56.0$20.3$14.3$5.92
2021Detailed filing. Detailed filing data is available for this year.$55.7$0.98$54.8$11.4$10.2$1.28
2020Detailed filing. Detailed filing data is available for this year.$49.2$1.04$48.2$13.9$11.8$2.14
2019Detailed filing. Detailed filing data is available for this year.$46.8$0.50$46.3$15.3$12.8$2.52
2018Summary only. Only limited summary data is available for this year.$47.7$1.20$46.5$9.84$11.5$1.70
2017Summary only. Only limited summary data is available for this year.$48.5$0.95$47.6$15.6$12.4$3.18
2016Summary only. Only limited summary data is available for this year.$45.7$1.28$44.4$10.2$16.6$6.41
2015Summary only. Only limited summary data is available for this year.$55.0$0.95$54.1$13.3$15.4$2.08
2014Summary only. Only limited summary data is available for this year.$59.5$0.87$58.6$13.2$22.0$8.84
2013Summary only. Only limited summary data is available for this year.$67.9$1.48$66.4$16.8$18.0$1.19
2012Summary only. Only limited summary data is available for this year.$65.2$0.83$64.4$23.9$16.7$7.23
2011Summary only. Only limited summary data is available for this year.$57.3$0.53$56.7$20.5$20.2$0.21
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.5$0.32$53.2$19.6