Civic Intelligence

French American Cultural Exchange

990 • Fiscal year 2018 • EIN 13-6165672

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 03, 2019

972 Fifth AvenueNew York, NY 10075

(212) 439-1439

Siviq Scores

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

Liabilities / Assets

74th percentile

0.34x

Higher debt load relative to assets than 74% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

76th percentile

0.43x

Higher debt load relative to revenue than 76% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

74th percentile

16%

Higher net margin than 74% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

10th percentile

-13%

Faster asset growth than 10% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

79th percentile

26%

Faster revenue growth than 79% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$3,220,512

Down $473,204 (-13%) from 2017

Net Assets

Up

$2,117,592

Up $470,561 (+29%) from 2017

Liabilities

Down

$1,102,920

Down $943,765 (-46%) from 2017

Revenue

Up

$2,548,820

Up $531,747 (+26%) from 2017

Expenses

Down

$2,138,912

Down $503,958 (-19%) from 2017

Net Income

Up

$409,908

Up $1,035,705 (+166%) from 2017

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $3,341,685Liabilities 2011: $2,006,920Net Assets 2011: $1,334,7652011Assets 2012: $4,926,461Liabilities 2012: $3,397,985Net Assets 2012: $1,528,4762012Assets 2013: $5,070,527Liabilities 2013: $2,473,753Net Assets 2013: $2,596,7742013Assets 2014: $6,544,006Liabilities 2014: $2,612,480Net Assets 2014: $3,931,5262014Assets 2015: $4,751,984Liabilities 2015: $2,297,416Net Assets 2015: $2,454,5682015Assets 2016: $4,646,573Liabilities 2016: $2,373,745Net Assets 2016: $2,272,8282016Assets 2017: $3,693,716Liabilities 2017: $2,046,685Net Assets 2017: $1,647,0312017Assets 2018: $3,220,512Liabilities 2018: $1,102,920Net Assets 2018: $2,117,5922018Assets 2019: $2,551,397Liabilities 2019: $819,237Net Assets 2019: $1,732,1602019Assets 2020: $2,821,309Liabilities 2020: $59,944Net Assets 2020: $2,761,3652020Assets 2021: $5,802,123Liabilities 2021: $556,981Net Assets 2021: $5,245,1422021Assets 2022: $5,489,259Liabilities 2022: $214,885Net Assets 2022: $5,274,3742022Assets 2023: $7,995,089Liabilities 2023: $219,043Net Assets 2023: $7,776,0462023Assets 2024: $8,997,126Liabilities 2024: $77,733Net Assets 2024: $8,919,3932024

Highlighted filing

2018

Assets$3,220,512
Liabilities$1,102,920
Net Assets$2,117,592

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $1,803,867Expenses 2011: $4,148,705Net Income 2011: -$2,344,8382011Revenue 2012: $5,650,598Expenses 2012: $5,456,887Net Income 2012: $193,7112012Revenue 2013: $2,459,958Expenses 2013: $1,391,660Net Income 2013: $1,068,2982013Revenue 2014: $3,832,419Expenses 2014: $2,497,667Net Income 2014: $1,334,7522014Revenue 2015: $1,308,664Expenses 2015: $2,785,622Net Income 2015: -$1,476,9582015Revenue 2016: $2,679,608Expenses 2016: $2,861,348Net Income 2016: -$181,7402016Revenue 2017: $2,017,073Expenses 2017: $2,642,870Net Income 2017: -$625,7972017Revenue 2018: $2,548,820Expenses 2018: $2,138,912Net Income 2018: $409,9082018Revenue 2019: $1,812,547Expenses 2019: $2,197,979Net Income 2019: -$385,4322019Revenue 2020: $1,449,085Expenses 2020: $975,224Net Income 2020: $473,8612020Revenue 2021: $4,421,808Expenses 2021: $1,938,031Net Income 2021: $2,483,7772021Revenue 2022: $3,184,961Expenses 2022: $3,158,989Net Income 2022: $25,9722022Revenue 2023: $6,852,363Expenses 2023: $4,502,827Net Income 2023: $2,349,5362023Revenue 2024: $5,648,156Expenses 2024: $4,760,501Net Income 2024: $887,6552024

Highlighted filing

2018

Revenue$2,548,820
Expenses$2,138,912
Net Income$409,908
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 3, 2019
Return Version
2018v3.1
Gross Receipts
$2,548,820
Mission and Program Overview

Mission

To further international understanding by fostering French American cultural exchange and supporting contemporary creative work in the arts and education. To develop and support relationships between professionals in all creative fields, and to encourage collaborative projects between cultural and educational institutions. To combine the strengths of both the French and American systems of supporting the arts and education in one common initiative: French public support features long-term financial commitments and draws on FACEs partnership with the Cultural Services of the French Embassy American private support from partner foundations, corporate and individual giving which made possible by the independence and private nature of FACE and its administrative structure.

To promote French American cultural and intellectual exchange and support contemporary creative work in the arts and education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,784,432$2,219,048▼ $565,384
Pledges and Grants Receivable$639,864$812,635▲ $172,771
Cash and Non-Interest-Bearing Accounts$254,378$173,293▼ $81,085
Prepaid Expenses and Deferred Charges$15,042$15,536▲ $494
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$3,693,716$3,220,512▼ $473,204
Other Assets Total-$0-
Liabilities
Grants Payable$2,003,539$1,075,659▼ $927,880
Accounts Payable and Accrued Expenses$43,146$27,261▼ $15,885
Total Liabilities$2,046,685$1,102,920▼ $943,765
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,604,464$1,879,553▲ $275,089
Unrestricted Net Assets$42,567$238,039▲ $195,472
Total Net Assets Fund Balance$1,647,031$2,117,592▲ $470,561
Total Liabilities and Net Assets / Fund Balance$3,693,716$3,220,512▼ $473,204
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laurent AuffretExecutive DirectorFT$95,000$7,200$102,200
Revenue and Support

Revenue Composition

Contributions and Grants
$2,546,682
Program Service Revenue
$0
Investment Income
$2,138
Other Revenue
$0
All Other Contributions
$1,811,086
Change in Net Assets
$409,908

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,548,820
Revenue Not Reported on Form 990
$18,000
Total Revenue per Audited Statements
$2,566,820
Total Revenue per Form 990
$2,548,820
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,362,388
Other Expenses$585,283
Salaries, Compensation, and Employee Benefits$191,241
Total Fundraising Expense$84,361
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,103,287--$1,103,287
Foreign Grants$259,101--$259,101
Travel$149,976$3,167-$153,143
Current Officers, Directors, Trustees, and Key Employees-$61,320$40,880$102,200
Fees for Services Other$62,306$35,125-$97,431
Other Salaries and Wages-$41,678$27,785$69,463
Advertising-$65,541-$65,541
Fees for Services Legal-$21,620-$21,620
Office Expenses$2,401$9,679$6,453$18,533
Payroll Taxes-$7,427$4,951$12,378
Other Employee Benefits-$4,320$2,880$7,200
Insurance$234$2,118$1,412$3,764
Other Expenses$2,002$413-$2,415
Total Functional Expenses$1,802,143$252,408$84,361$2,138,912

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,156,912
Expenses per Audited Statements$2,138,912
Total Expenses per Form 990$2,138,912
Expenses Not Reported on Form 990$18,000
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Georgia State UniversityAtlanta, GAGovt orgCultural and educational projects$35,000
CAC in New OrleansNew Orleans, LA501(c)(3)Cultural and educational projects$34,000
Eli & Edythe Broad Art MuseumEast Lansing, MI501(c)(3)Cultural and educational projects$30,000
MIT List Visual Arts CenterCambridge, MA501(c)(3)Cultural and educational projects$25,000
Montclair State Univ FdnMontclair, NJ501(c)(3)Cultural and educational projects$23,000
Isamu Noguchi FoundationLong Isl City, NY501(c)3Cultural and educational projects$21,600
Mus of Contemp Art DetroitDetroit, MI501(c)(3)Cultural and educational projects$20,000
Regents of the Univ of MNMinneapolis, MNGovt orgCultural and educational projects$20,000
William March Rice UniversityHouston, TX-Cultural and educational projects$20,000
Utah State UniversityLogan, UT501(c)(3)Cultural and educational projects$16,000
Blair Thomas & CompanyChicago, IL501(c)(3)Cultural and educational projects$15,000
Front Exhibition CompanyCleveland, OH501(c)(3)Cultural and educational projects$15,000
Jacobs Pillow Dance FestivalBecket, MA501(c)(3)Cultural and educational projects$15,000
Mus of Contem Art ClevelandCleveland, OH501(c)(3)Cultural and educational projects$15,000
Mus of Contemp Art ChicagoChicago, IL501(c)(3)Cultural and educational projects$15,000
NY Shakespeare FestivalNew York, NY501(c)(3)Cultural and educational projects$15,000
The BridgeNew York, NYGovt orgCultural and educational projects$13,500
NYU Skirball CenterNew York, NY501(c)(3)Cultural and educational projects$12,000
Philadelphia Orchestra AssocPhiladelphia, PAGovt orgCultural and educational projects$12,000
University of UtahSalt Lake City, UTGovt orgCultural and educational projects$12,000
Danspace Project IncNew York, NY501(c)(3)Cultural and educational projects$11,000
Oregon State UniversityCorvallis, OR501(c)(3)Cultural and educational projects$10,810
Town of HollistonHolliston, MA501(c)(3)Cultural and educational projects$10,500
Yaa Samar Dance TheaterBrooklyn, NY-Cultural and educational projects$10,500
Blank FormsBrooklyn, NY501(c)(3)Cultural and educational projects$10,000
Case West Res UniversityCleveland, OH501(c)(3)Cultural and educational projects$10,000
Florida State Univ Res FdnTallahassee, FL501(c)(3)Cultural and educational projects$10,000
French Language Adv AnchorAnchorage, AK501(c)(3)Cultural and educational projects$10,000
Gina Gibney Dance IncNew York, NY501(c)(3)Cultural and educational projects$10,000
In Parentheses IncBrooklyn, NY501(c)(3)Cultural and educational projects$10,000
NYU School of MedicineNew York, NY501(c)(3)Cultural and educational projects$10,000
Qubit New Music IncBrooklyn, NY501(c)(3)Cultural and educational projects$10,000
The Bass Museum of ArtMiami Beach, FL501(c)(3)Cultural and educational projects$10,000
Trustees of Princeton UnivPrinceton, NJ501(c)(3)Cultural and educational projects$10,000
University of CA - IrvineIrvine, CA501(c)(3)Cultural and educational projects$10,000
University of NC -Chapel HillChapel Hill, NC501(c)(3)Cultural and educational projects$10,000
University of Rhode IslandKingston, RI501(c)(3)Cultural and educational projects$10,000
University of VermontBurlington, VT501(c)(3)Cultural and educational projects$10,000
Harlem Stage IncNew York, NY501(c)(3)Cultural and educational projects$9,640
Portland Inst of Contem ArtPortland, OR501(c)(3)Cultural and educational projects$9,500
MusiqaHouston, TX501(c)(3)Cultural and educational projects$9,000
Glendale Unified Sch DistrGlendale, CA501(c)(3)Cultural and educational projects$8,500
Cave Creek Unif Sch Dis 93Scottsdale, AZGovt orgCultural and educational projects$8,000
Consortium of LA Imm SchoolsLafayette, LA501(c)(3)Cultural and educational projects$8,000
Independent School Dis 625St Paul, MN501(c)(3)Cultural and educational projects$8,000
New Victory TheaterNew York, NY501(c)(3)Cultural and educational projects$8,000
Pasadena Educational FdnPasadena, CA501(c)(3)Cultural and educational projects$8,000
Urbana School District 116Urbana, IL501(c)(3)Cultural and educational projects$8,000
Elsie Whitlow Stokes CommWashington, DC501(c)(3)Cultural and educational projects$7,500
Prince George County Pub SchUpper Marlboro, MD501(c)(3)Cultural and educational projects$7,500
Axis International AcademyFort Collins, CO501(c)(3)Cultural and educational projects$7,000
BHS PTA IncBrooklyn, NY501(c)(3)Cultural and educational projects$7,000
Booms Art IncPortland, OR501(c)(3)Cultural and educational projects$7,000
Brockton Public SchoolsBrockton, MAGovt orgCultural and educational projects$7,000
Broward County School BoardFt Lauderdale, FLGovt orgCultural and educational projects$7,000
County of ChesterfieldChesterfield, VAGovt orgCultural and educational projects$7,000
Henry Street SettlementNew York, NY501(c)(3)Cultural and educational projects$7,000
Le Monde International SchoolNorman, OK501(c)(3)Cultural and educational projects$7,000
School Dis of Palm BeachWest Palm Beach, FL501(c)(3)Cultural and educational projects$7,000
The Wolfsonian - FIUMiami Beach, FL501(c)(3)Cultural and educational projects$6,400
Baltimore International AcadBaltimore, MD501(c)(3)Cultural and educational projects$6,000
Columbia University PressNew York, NY501(c)(3)Cultural and educational projects$6,000
Empower ED ConsultingRowland Heights, CA501(c)(3)Cultural and educational projects$6,000
Farrar Straus & GirouxNew York, NY501(c)(3)Cultural and educational projects$6,000
Fordham University PressNew York, NY501(c)(3)Cultural and educational projects$6,000
French Inst Alliance FranchNew York, NY501(c)(3)Cultural and educational projects$6,000
Gwinnet County Board of EdSuwanee, GA501(c)(3)Cultural and educational projects$6,000
Restless BooksBrooklyn, NY501(c)(3)Cultural and educational projects$6,000
University of Nebraska PressLincoln, NE501(c)(3)Cultural and educational projects$6,000

International Summary

Spending
$259,101

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
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeGrantmaking-00$259,101
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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 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, Line 11B: Form 990 Review Process

Draft returns are provided to and reviewed by the audit committee; prior approved returns are posted on a Board Portal.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The Organization requires an annual disclosure statement. The Secretary is responsible for the administration of the annual notification and disclosure procedure.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The board reviews performance as well as comparable data and allocates salary accordingly.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
FACE Foundation
EIN
13-6165672
Phone
2124391439
Address
972 Fifth Avenue, New York, NY 10075

Signing Officer

Name
Laurent Auffret
Title
Executive Director
Signed
2019-10-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick Pagni
Formed
1955
Legal Domicile
Ny
Voting Board Members
18
Independent Board Members
18
Employees
2
Volunteers
18

Preparer

Firm
Schall & Ashenfarb Cpas
Address
307 5th Ave 15th Floor, NEW YORK, NY 10016-6517
Preparer
Michael Schall
Phone
2122682800
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Gain on disposition of obligations = $60653

Financial Statement Notes

Part X : FIN48 Footnote

FACE does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending December 31, 2015 and later are subject to examination by applicable taxing authorities.

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IRS990/Desc0The French Dual Language Program, an initiative of the Cultural Services of the French Embassy and FACE Foundation, provides high-quality bilingual education to children in public schools across New York City. Currently 1,300 students are served by this program but the need is far greater with 22,000 children living in French-speaking homes with little or no access to education in French. In 2013, a campaign was launched to raise $ 2.8 million and reach 7,000 children within the next five years. Funding will go directly to develop new programs in underserved areas where many francophone families live and to bolster the existing programs. To date, $250,000 has been raised thanks to generous individuals, foundations, corporations and public institutions. These funds currently support 11 participating schools. A new middle & high school in Brooklyn is being added to the list as it will offer French dual language as part of its International Baccalaureate program, for free.tant donns Contemporary Art aims to strengthen ties between France and the U.S. in the field of contemporary art by fostering active collaboration and encouraging long-lasting partnerships between French visual artists, curators, and collectives and American curators and cultural institutions. The fund supports the discovery of emerging talents, while also sustaining interest in established artists. Furthermore, it has been instrumental in creating a network of curators from France and the U.S. Since its inception, tant donns has developed an international reputation by allocating over $3million to fund more than 300 projects and 19 curators. Over the past 20 years, the art world has profoundly evolved. tant donns seeks to embrace new practices and enable different approaches to creation in contemporary art, to include projects that draw on the visual arts, design, architecture, and performance. tant donns aims to support ambitious projects, with high priority given to coproductions, new commissions, and projects that can be developed across several cities in the U.S. To this end, and with the aim of introducing French visual artists whose works have rarely, if ever, been shown in the United States, the fund supports projects at three levels. Financial support is granted to American nonprofit institutions to organize exhibitions, installations, or research projects featuring French artists; a curatorial fellowship assists American curators, either independent or affiliated with institutions, who wish to conduct research in France; and a residency program supports French visual artists seeking to develop specific projects with American partners.FACE Contemporary Theater fosters innovative artistic collaborations and co-productions in theater, and contributes to a dynamic intercultural dialogue between France and the United States. It aims to encourage projects that push aesthetic boundaries and reflect the cultural and artistic diversity seen in theater today.Created in 1999, the program is developed by the Cultural Services of the French Embassy and FACE Foundation, with the support of the Florence Gould Foundation, Fondation CHANEL, Institut franais, the French Ministry of Culture, and private donors.FACE Contemporary Theater supports: The productions of contemporary playwrights, The residencies of directors and performers, The presentation and touring of French productions in the United States and American productions in France.These projects include multidisciplinary and devised theater, young audience theater productions, contemporary circus, puppetry, and street theater. The program has expanded beyond artists based in France and the United States to include projects by artists from Africa, the Caribbean, and the Middle East performing in the United States, as long as their work is co-produced by French cultural institutions. In this age of global mobility, the goal is to support artists with varied backgrounds and influences, in order to promote a multipli
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IRS990/MissionDesc0To further international understanding by fostering French American cultural exchange and supporting contemporary creative work in the arts and education. To develop and support relationships between professionals in all creative fields, and to encourage collaborative projects between cultural and educational institutions. To combine the strengths of both the French and American systems of supporting the arts and education in one common initiative: French public support features long-term financial commitments and draws on FACEs partnership with the Cultural Services of the French Embassy American private support from partner foundations, corporate and individual giving which made possible by the independence and private nature of FACE and its administrative structure.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.00$0.08$8.92$5.65$4.76$0.89
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.00$0.22$7.78$6.85$4.50$2.35
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.49$0.21$5.27$3.18$3.16$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.80$0.56$5.25$4.42$1.94$2.48
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.82$0.06$2.76$1.45$0.98$0.47
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.55$0.82$1.73$1.81$2.20$0.39
2018Detailed filing. Detailed filing data is available for this year.$3.22$1.10$2.12$2.55$2.14$0.41
2017Summary only. Only limited summary data is available for this year.$3.69$2.05$1.65$2.02$2.64$0.63
2016Summary only. Only limited summary data is available for this year.$4.65$2.37$2.27$2.68$2.86$0.18
2015Detailed filing. Detailed filing data is available for this year.$4.75$2.30$2.45$1.31$2.79$1.48
2014Detailed filing. Detailed filing data is available for this year.$6.54$2.61$3.93$3.83$2.50$1.33
2013Detailed filing. Detailed filing data is available for this year.$5.07$2.47$2.60$2.46$1.39$1.07
2012Summary only. Only limited summary data is available for this year.$4.93$3.40$1.53$5.65$5.46$0.19
2011Summary only. Only limited summary data is available for this year.$3.34$2.01$1.33$1.80$4.15$2.34