Civic Intelligence

Friends of New Curators Inc.

EIN 86-3172782 • 501(c)3 • Washington, DC

Pub. 78 Eligible

Profile

Organization will make grants to support and assist activities that advance education in the field of art curating including, to the extent allowed by the code, the new curators which is located in the united kingdom. All grants will be made in accordance with the grants policies and procedures described in part iv.

799 9th Street NW 500Washington, DC 20001

n/A

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

64th percentile

12%

Higher net margin than 64% of similar nonprofits.

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

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

55th percentile

5.3%

Faster asset growth than 55% of similar nonprofits.

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

Revenue Growth

7th percentile

-42%

Faster revenue growth than 7% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$1,717,240

Up $85,991 (+5.3%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$1,717,240

Up $85,991 (+5.3%) from 2023

Operations
Liabilities / Revenue20th percentileNet Margin64th percentile

Revenue

Down

$662,562

Down $471,035 (-42%) from 2023

Expenses

Up

$579,765

Up $174,541 (+43%) from 2023

Net Income

Down

$82,797

Down $645,576 (-89%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth55th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2021: $99,012Liabilities 2021: $0Net Assets 2021: $99,0122021Assets 2022: $891,662Liabilities 2022: $0Net Assets 2022: $891,6622022Assets 2023: $1,631,249Liabilities 2023: $0Net Assets 2023: $1,631,2492023Assets 2024: $1,717,240Liabilities 2024: $0Net Assets 2024: $1,717,2402024

Highlighted filing

2024

Assets$1,717,240
Liabilities$0
Net Assets$1,717,240
Open 2024 Filing

Operations Trend

Revenue Growth7th percentile

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

$1.5M$1.0M$500K$0Revenue 2021: $100,145Expenses 2021: $1,133Net Income 2021: $99,0122021Revenue 2022: $1,100,795Expenses 2022: $308,158Net Income 2022: $792,6372022Revenue 2023: $1,133,597Expenses 2023: $405,224Net Income 2023: $728,3732023Revenue 2024: $662,562Expenses 2024: $579,765Net Income 2024: $82,7972024

Highlighted filing

2024

Revenue$662,562
Expenses$579,765
Net Income$82,797
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,717,240
Liabilities
$0
Net assets
$1,717,240
Revenue
$662,562
Expenses
$579,765
Net income
$82,797
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.72$0.00$1.72$0.66$0.58$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.63$0.00$1.63$1.13$0.41$0.73
2022Detailed filing. Detailed filing data is available for this year.$0.89$0.00$0.89$1.10$0.31$0.79
2021Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.10$0.00$0.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 16, 2025
Return Version
2024v5.1
Gross Receipts
$662,562
Mission and Program Overview

Mission

Organization will make grants to support and assist activities that advance education in the field of art curating including, to the extent allowed by the code, the new curators which is located in the united kingdom. All grants will be made in accordance with the grants policies and procedures described in part iv.

Support and assist activities that advance education in the field of art curating.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,359,432$1,243,399▼ $116,033
Cash and Non-Interest-Bearing Accounts$271,817$473,841▲ $202,024
Total Assets$1,631,249$1,717,240▲ $85,991
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,631,249$1,717,240▲ $85,991
Total Net Assets Fund Balance$1,631,249$1,717,240▲ $85,991
Total Liabilities and Net Assets / Fund Balance$1,631,249$1,717,240▲ $85,991
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Miyoung LeeChair
Abigail GoodmanSecretary (as of 8/24)
Alexandra Von ObelitzTreasurer (as of 8/24)
Alfred GiuffridaTreasurer (until 8/24)
Revenue and Support

Revenue Composition

Contributions and Grants
$611,789
Program Service Revenue
$0
Investment Income
$50,773
Other Revenue
$0
All Other Contributions
$611,789
Change in Net Assets
$82,797
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$570,000
Other Expenses$9,765
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$570,000--$570,000
Fees for Services Accounting-$8,694-$8,694
Other Expenses-$1,071-$1,071
Total Functional Expenses$570,000$9,765$0$579,765
International Activity

International Summary

Offices
0
Employees
0
Spending
$570,000

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
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland & Greenland)Grantmaking-00$570,000
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
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The irs form 990 is initially prepared by the fnc's public accounting firm. Fnc staff prepare a draft for the board to review, and after the board reviews it, the 990 is finalized and submitted to the irs.”

Form 990, Part VI, Section C, Line 19

“Fnc does not make its governing documents and financial statements available to the public.”

Filing and Contact Details

Filer

Filer Name
Friends of New Curators Inc
EIN
86-3172782
Phone
2025858000
Address
799 9TH STREET NW 500, WASHINGTON, DC 20001

Signing Officer

Name
Alexandra Von Obelitz
Title
Treasurer
Phone
2025858000
Signed
2025-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alexandra Von Obelitz
Formed
2021
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
4

Preparer

Firm
Cbiz Advisors LLC
Address
1899 L STREET NW 850, WASHINGTON, DC 20036
Preparer
Aaron M Fox
Phone
2022274000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 1:

“Disclosure updated to modified cash basis to reflect unrealized gains/losses on investments.”

Raw XML Appendix321 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/BooksInCareOfDetail/PhoneNum03173409092
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0799 9TH STREET NW 500
IRS990/BooksInCareOfDetail/USAddress/CityNm0WASHINGTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0DC
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IRS990/Desc0THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS NOW IN EFFECT OR AS MAY HEREAFTER BE AMENDED (THE "CODE"). MORE SPECIFICALLY, THE CORPORATION IS FORMED TO PROVIDE FINANCIAL SUPPORT FOR ACTIVITIES THAT ADVANCE EDUCATION IN THE FIELD OF ART CURATING INCLUDING, TO THE EXTENT ALLOWED BY THE CODE, THE NEW CURATORS LOCATED IN THE UNITED KINGDOM.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0MIYOUNG LEE
IRS990/Form990PartVIISectionAGrp/PersonNm1ALFRED GIUFFRIDA
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER (UNTIL 8/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY (AS OF 8/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER (AS OF 8/24)
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02021
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantAmt0570000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0662562
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt050773
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt050773
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0DE
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0ORGANIZATION WILL MAKE GRANTS TO SUPPORT AND ASSIST ACTIVITIES THAT ADVANCE EDUCATION IN THE FIELD OF ART CURATING INCLUDING, TO THE EXTENT ALLOWED BY THE CODE, THE NEW CURATORS WHICH IS LOCATED IN THE UNITED KINGDOM. ALL GRANTS WILL BE MADE IN ACCORDANCE WITH THE GRANTS POLICIES AND PROCEDURES DESCRIBED IN PART IV.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd01
IRS990/NetAssetsOrFundBalancesBOYAmt01631249
IRS990/NetAssetsOrFundBalancesEOYAmt01717240
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt03194
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01631249
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01717240
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0HARBOR TAX COMPLIANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01071
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IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ALEXANDRA VON OBELITZ
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IRS990/PYExcessBenefitTransInd00
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IRS990/PYTotalExpensesAmt0405224
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01133597
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt082797
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01359432
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01243399
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2021 AMOUNT: $ 145.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1AS FRIENDS OF NEW CURATORS, INC WAS INCORPORATED ON APRIL 8, 2021, A SHORT PERIOD RETURN WAS FILED FOR THE PERIOD ENDED DECEMBER 31, 2021.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART II, SHORT YEAR EXPLANATION:
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01100001
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0100000
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IRS990ScheduleF/SubtotalEmployeesCnt00
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0GRANT AGREEMENTS REQUIRE A WRITTEN PROGRESS REPORT AND WRITTEN ANNUAL REPORT. ADDITIONALLY, GRANTEES ARE REQUESTED TO REPORT ORALLY AT MOST BOARD OF DIRECTORS' MEETINGS.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalOtherOrgCnt00
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IRS990ScheduleF/TransferToForeignCorpInd01
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE IRS FORM 990 IS INITIALLY PREPARED BY THE FNC'S PUBLIC ACCOUNTING FIRM. FNC STAFF PREPARE A DRAFT FOR THE BOARD TO REVIEW, AND AFTER THE BOARD REVIEWS IT, THE 990 IS FINALIZED AND SUBMITTED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FNC DOES NOT MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DISCLOSURE UPDATED TO MODIFIED CASH BASIS TO REFLECT UNREALIZED GAINS/LOSSES ON INVESTMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XII, LINE 1:
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalRevenueGrp/ExclusionAmt050773
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0662562
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01631249
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01717240
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0799 9TH STREET NW 500
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd020001
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ALEXANDRA VON OBELITZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02025858000
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRIENDS OF NEW CURATORS INC
ReturnHeader/Filer/BusinessNameControlTxt0FRIE
ReturnHeader/Filer/EIN0863172782
ReturnHeader/Filer/PhoneNum02025858000
ReturnHeader/Filer/USAddress/AddressLine1Txt0799 9TH STREET NW 500
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd020001
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0881478669
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CBIZ ADVISORS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01899 L STREET NW 850
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WASHINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0DC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020036
ReturnHeader/PreparerPersonGrp/PhoneNum02022274000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AARON M FOX
ReturnHeader/ReturnTs02025-05-19T08:21:51-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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