Civic Intelligence

French Regional American Museum Exchange

EIN 20-4343950 • 501(c)3 • Essex, CT

Profile

The organization fosters bilateral exchanges of information, personnel, technology and resources between a group of 32 north american and french regional art museums.

PO Box 5Essex, CT 06426-0005

www.framemuseums.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

65th percentile

0.18x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

88th percentile

0.98x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

15th percentile

-20%

Higher net margin than 15% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

68th percentile

$102,183

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 25.4% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

57th percentile

5.9%

Faster asset growth than 57% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

19th percentile

-15%

Faster revenue growth than 19% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,207,866

Up $123,463 (+5.9%) from 2023

Liabilities

Up

$395,026

Up $69,230 (+21%) from 2023

Net Assets

Up

$1,812,840

Up $54,233 (+3.1%) from 2023

Revenue

Down

$402,616

Down $71,703 (-15%) from 2023

Expenses

Down

$481,907

Down $83,893 (-15%) from 2023

Net Income

Up

-$79,291

Up $12,190 (+13%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2010: $825,374Liabilities 2010: $0Net Assets 2010: $825,3742010Assets 2011: $1,382,238Liabilities 2011: $31,518Net Assets 2011: $1,350,7202011Assets 2012: $1,885,325Liabilities 2012: $16,056Net Assets 2012: $1,869,2692012Assets 2013: $1,530,861Liabilities 2013: $10,654Net Assets 2013: $1,520,2072013Assets 2014: $1,496,140Liabilities 2014: $19,564Net Assets 2014: $1,476,5762014Assets 2015: $1,426,634Liabilities 2015: $12,866Net Assets 2015: $1,413,7682015Assets 2016: $1,476,222Liabilities 2016: $10,831Net Assets 2016: $1,465,3912016Assets 2017: $1,729,245Liabilities 2017: $37,886Net Assets 2017: $1,691,3592017Assets 2018: $1,604,806Liabilities 2018: $16,368Net Assets 2018: $1,588,4382018Assets 2019: $1,771,209Liabilities 2019: $9,323Net Assets 2019: $1,761,8862019Assets 2020: $1,963,890Liabilities 2020: $253,245Net Assets 2020: $1,710,6452020Assets 2021: $2,291,707Liabilities 2021: $257,963Net Assets 2021: $2,033,7442021Assets 2022: $1,947,530Liabilities 2022: $312,008Net Assets 2022: $1,635,5222022Assets 2023: $2,084,403Liabilities 2023: $325,796Net Assets 2023: $1,758,6072023Assets 2024: $2,207,866Liabilities 2024: $395,026Net Assets 2024: $1,812,8402024

Highlighted filing

2024

Assets$2,207,866
Liabilities$395,026
Net Assets$1,812,840

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $552,5412010Expenses 2011: $680,2842011Expenses 2012: $579,2152012Revenue 2013: $242,346Expenses 2013: $591,407Net Income 2013: -$349,0612013Revenue 2014: $220,721Expenses 2014: $239,348Net Income 2014: -$18,6272014Revenue 2015: $207,382Expenses 2015: $241,213Net Income 2015: -$33,8312015Revenue 2016: $242,778Expenses 2016: $268,852Net Income 2016: -$26,0742016Revenue 2017: $371,078Expenses 2017: $254,453Net Income 2017: $116,6252017Revenue 2018: $347,583Expenses 2018: $356,957Net Income 2018: -$9,3742018Revenue 2019: $411,805Expenses 2019: $401,063Net Income 2019: $10,7422019Revenue 2020: $385,887Expenses 2020: $335,062Net Income 2020: $50,8252020Revenue 2021: $518,844Expenses 2021: $341,977Net Income 2021: $176,8672021Revenue 2022: $423,492Expenses 2022: $483,780Net Income 2022: -$60,2882022Revenue 2023: $474,319Expenses 2023: $565,800Net Income 2023: -$91,4812023Revenue 2024: $402,616Expenses 2024: $481,907Net Income 2024: -$79,2912024

Highlighted filing

2024

Revenue$402,616
Expenses$481,907
Net Income-$79,291

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.21$0.40$1.81$0.40$0.48$0.08
2023Summary only. Only limited summary data is available for this year.$2.08$0.33$1.76$0.47$0.57$0.09
2022Summary only. Only limited summary data is available for this year.$1.95$0.31$1.64$0.42$0.48$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.29$0.26$2.03$0.52$0.34$0.18
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.96$0.25$1.71$0.39$0.34$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.77$0.01$1.76$0.41$0.40$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.60$0.02$1.59$0.35$0.36$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.73$0.04$1.69$0.37$0.25$0.12
2016Summary only. Only limited summary data is available for this year.$1.48$0.01$1.47$0.24$0.27$0.03
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$0.01$1.41$0.21$0.24$0.03
2014Summary only. Only limited summary data is available for this year.$1.50$0.02$1.48$0.22$0.24$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.53$0.01$1.52$0.24$0.59$0.35
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.89$0.02$1.87$0.58
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.03$1.35$0.68
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.83$0.00$0.83$0.55
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2020 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 8, 2021
Return Version
2020v4.0
Gross Receipts
$385,887
Mission and Program Overview

Mission

Frame is a consortium of 30 museums in france and north america that promotes cultural exchange in the context of museum collaborations. It fosters partnerships among its member museums to develop innovative exhibitions, educational and public programs, and professional exchanges among museum staff, and maintains an informational and educational bi- lingual website reaching global audiences.

Frame is a coalition of 32 art museums dedicated to promoting french- american cooperation in the cultural arena concerning museums, their collections, and their professional staffs. It fosters partnerships, projects and exchanges of information, personnel, technology and resources. The projects are based on the resources of the museums and range from a shared website to joint exhibitions and publications. They serve the cultural needs of each country and educate a constituency of great size, breadth and distribution.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$1,308,523$1,580,290▲ $271,767
Cash and Non-Interest-Bearing Accounts$325,411$241,089▼ $84,322
Accounts Receivable$137,275$105,631▼ $31,644
Prepaid Expenses and Deferred Charges-$36,880-
Total Assets$1,771,209$1,963,890▲ $192,681
Liabilities
Deferred Revenue-$229,400-
Accounts Payable and Accrued Expenses$9,323$23,845▲ $14,522
Total Liabilities$9,323$253,245▲ $243,922
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,000,000$1,000,000→ $0
Net Assets Without Donor Restrictions$761,886$710,645▼ $51,241
Total Net Assets Fund Balance$1,761,886$1,710,645▼ $51,241
Total Liabilities and Net Assets / Fund Balance$1,771,209$1,963,890▲ $192,681

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$1,580,290--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$1,308,523$115,000▲ $166,628-$1,580,290
2019$1,146,741-▲ $205,176$33,620$1,308,523
2018$1,210,047-▼ $53,602-$1,146,741
2017$1,051,641-▲ $167,286-$1,210,047
2016$970,778-▲ $88,856-$1,051,641
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marguerite QuigleyExec DirectoFT$90,157$24,000$114,157
Emilie VanhaesebrouckeExec DirectoPT$49,570$35,995$85,565
Pam ChanfrauChief Accoun-$3,400-$3,400

Board Members and Trustees

NameTitle
Anne-solene RollandCo-president
William BeekmanCo-president
Marie-christine LabourdetteHonorary Director
Philippe De MontebelloHonorary Director
Pierre RosenbergHonorary Director
Pierre ProvoyeurExpert Direc
Susan TalbottExpert Direc
Alex NyergesMember at La
Aurelie AlbajarMember at La
Bruno GirveauMember at La
Christoph HeinrichMember at La
Ronna Tulgan OstheimerMember at La
Sophie LevyMember at La
Sylvain AmicMember at La
Xavier ReyMember at La
Alva GreenbergPhilanthropi
Constance Goodyear BaronPhilanthropi
Dorothy StapletonPhilanthropi
Gary TinterowPhilanthropi
Gary WolffPhilanthropi
Helene David-weillPhilanthropi
Mary WolfPhilanthropi
Samuel SeymourPhilanthropi
Zoe KahrSecretary
Davin StaatsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$361,956
Program Service Revenue
$0
Investment Income
$29,879
Other Revenue
$-5,948
All Other Contributions
$122,331
Change in Net Assets
$50,825

Audited Revenue Reconciliation

Revenue per Audited Statements
$376,026
Revenue Not Reported on Financial Statements
$9,861
Revenue Not Reported on Form 990
$137,560
Total Revenue per Audited Statements
$513,586
Total Revenue per Form 990
$385,887
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$199,722
Grants and Similar Amounts Paid$90,974
Other Expenses$44,366
Total Fundraising Expense$10,381
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$149,792$39,944$9,986$199,722
Foreign Grants$48,524--$48,524
Grants to Domestic Orgs$42,450--$42,450
Fees for Services Accounting-$13,725-$13,725
Fees for Service Investment Mgmnt Fees$9,861--$9,861
Office Expenses-$8,410-$8,410
Conferences and Meetings$5,357--$5,357
Travel$1,424$380$95$1,899
Insurance$481$128$32$641
Other Expenses$151$40$10$201
All Other Expenses$-899--$-899
Total Functional Expenses$261,019$63,662$10,381$335,062

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$335,062
Expenses per Audited Statements$325,201
Total Expenses per Audited Statements$325,201
Expenses Not Reported on Financial Statements$9,861
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Cleveland Museum of ArtCleveland, OH3Program$14,000
Portland Art MuseumPortland, OR3Program$10,000
The Wadsworth Museum of ArtHartford, CT3Program$10,000
Albright-knox Art GalleryBuffalo, NY3Program$8,450

International Summary

Offices
1
Employees
2
Spending
$141,143

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
Europe-programProgram ServiceEduc/collaboration12$105,857
Europe-g&aAdministration---$28,229
Europe-fundraisingFundraising---$7,057
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Effective january 15, 2020, the organization engaged marguerite d'aprile quigley as the north american executive director for 2020 as an independent contractor and paid ms quigley 90,157 in 2020. She was also given a subsidy of 24,000 towards the purchase of her health insurance. She works with emilie vanhaesebroucke, the french executive director, who is the employee of frame in france for an annual salary of 49,570 and 35,995 as benefits in 2020. The organization also engaged the services of pam chanfrau, acp resources, inc. ("acp:) for its accounting needs. During 2020, acp was compensated 3,400 which is included in the accompanying form 990 in part ix, line 11c, fees for services: accounting.

Form 990, Page 6, Part VI, Line 6

The organization has two classes of membership, as follows: 1. Members, and 2. Museum members. Essentially, parties serving as directors are classified as members and maintain full voting privileges. Museum members consist of art museums that contribute jointly to the mission of frame by virtue of (a) the comparability of their scale, quality of collections,and audiences, (b) their scope of programming, and (c)their regional diversity. Member museums maintain limited voting privileges. Additional museums may be invited to join frame as recommended by the board of directors and approved by a majority vote of the museum members.

Form 990, Page 6, Part VI, Line 7A

Members are elected as directors by a simple majority vote of the north american museum members and a simple majority vote of the french museum members). The board of directors may from time to time designate individuals as honorary directors in recognition of their support of french and american museum collaboration.

Form 990, Page 6, Part VI, Line 11B

The organization's north american executive director and its treasurer review form 990 prior to filing.

Form 990, Page 6, Part VI, Line 12C

All reported potential conflicts of interest matters are evaluated by the board of directors (exclusive of the subject board member, as applicable).

Form 990, Page 6, Part VI, Line 15A

The organization uses best practices when engaging independent contractors including analysis of market data, competitive bids and background verification.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request. Form 990 is available on guidestar.

Filing and Contact Details

Filer

Filer Name
French American Museum Exchange Inc
EIN
20-4343950
Phone
8605818609
Address
PO BOX 5, ESSEX, CT 06426-0005
Doing Business As
Frame

Signing Officer

Name
Davin Staats
Title
Treasurer
Phone
8605818609
Signed
2021-09-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marguerite Quigley
Formed
2006
Legal Domicile
Va
Voting Board Members
30
Independent Board Members
30
Employees
0
Volunteers
30

Preparer

Firm
Steve Walls & Assoc Pllc
Address
11541 NUCKOLS RD STE A, GLEN ALLEN, VA 23059
Preparer
Steven P Walls
Phone
8042700784
Supplemental Narrative

Additional Explanations

Form 990

Form 990: part i, line 5. During 2020, the organization did not employ any individuals in the unites states. The organization employs one individual in france.

Form 990, Page 1, Part I, Line 6

The organization is the grateful recipient of significant services by unpaid volunteers who have made invaluable contributions of their time and talent to aid the organization in its mission. Predominantly, volunteers provide services to the organization as board or committee members. As the value of such services is not subject to accurate measurement, the value of these contributed services is not reflected herein.

Form 990, Page 2, Part III, Line 4D

Frame's website is the primary tool for the presentation of its exhibitions, publications, and education programs.

Form 990, Part V, Line 4B

FRANCE

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Donor restricted net assets at december 31, 2020 in the amount of 1,000,000 are restricted for future annual meetings. Donor imposed restrictions for the organization's annual meeting are permitted to be met at no more than 50,000 per year until funds are depleted.

Raw XML AppendixShowing 400 of 689 raw XML fields

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/Form990PartVIISectionAGrp/TitleTxt24HONORARY DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt25EXEC DIRECTO
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IRS990/ProgSrvcAccomActy2Grp/Desc0FRAME FACILITATES EDUCATIONAL INITIATIVES BY MAKING THEIR RESOURCES AVAILABLE TO THE PUBLIC ON BOTH SIDES OF THE ATLANTIC. THE BI-LINGUAL FRAME INITIATIVES ARE INFORMED BY THE PERMANENT COLLECTIONS AT EACH OF THE MEMBER MUSEUMS.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0FRAME'S WEBSITE IS THE PRIMARY TOOL FOR THE PRESENTATION OF ITS EXHIBITIONS, PUBLICATIONS, AND EDUCATION PROGRAMS.
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