2024-05-10T11:00:31-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2022-07-01 134080242 FRIENDS OF THE MUSEES DES ARTS DECORATIFS INC FRIE 2126281016 MARGARET BULT 40 E 78TH ST 12G NEW YORK NY 10075 MARGARET BULT EXECUTIVE DIRECTOR 2126281016 2024-05-09 1 MARGARET BULT XXX-XX-XXXX 0 EDWARD G O'CONNOR P00434443 2122862600 2024-05-09 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARGARET BULT 40 EAST 78TH STREET APT 12G NEW YORK NY 10075 2257268 0 X N/A X 1999 NY THE FRIENDS MISSION IS TO FOSTER THE APPRECIATION AND CONSERVATION OF THE DECORATIVE ARTS. IN CARRYING OUT ITS MISSION, THE FRIENDS SUPPORTS THE PRESERVATION, RESTORATION AND EXHIBITION OF, AND EDUCATIONAL PROGRAMS REGARDING IMPORTANT EXAMPLES OF INTERIOR DESIGN, FURNITURE, TEXTILES, FASHION, GRAPHIC ARTS, DECORATIVE PAINTING, ART GLASS, JEWELRY, PORCELAIN AND OTHER DECORATIVE AND USEFUL OBJECTS, INCLUDING BY SUPPORTING THE ACTIVITIES AND PROGRAMS OF LES ARTS DECORATIFS. 15 15 0 0 0 0 1514974 2257268 0 0 0 0 0 0 1514974 2257268 625063 1310538 0 0 55000 55000 0 0 105075 109417 92134 789480 1457672 725494 799596 1795847 2596793 27925 29275 1767922 2567518 X THE FRIENDS MISSION IS TO FOSTER THE APPRECIATION AND CONSERVATION OF THE DECORATIVE ARTS. IN CARRYING OUT ITS MISSION, THE FRIENDS SUPPORTS THE PRESERVATION, RESTORATION AND EXHIBITION OF, AND EDUCATIONAL PROGRAMS REGARDING IMPORTANT EXAMPLES OF INTERIOR DESIGN, FURNITURE, TEXTILES, FASHION, GRAPHIC ARTS, DECORATIVE PAINTING, ART GLASS, JEWELRY, PORCELAIN AND OTHER DECORATIVE AND USEFUL OBJECTS, INCLUDING BY SUPPORTING THE ACTIVITIES AND PROGRAMS OF LES ARTS DECORATIFS. 0 0 1310538 1310538 GRANTS PROVIDED DURING THE YEAR TO THE MUSEE DES ARTS DECORATIFS (PARIS, FRANCE) IN ORDER TO FUND THE FOLLOWING PROJECTS:1. $67,920 TO SUPPORT THE FOLLOWING - REQUEST FOR APPROVAL OF A FELLOWSHIP FOR A PHD STUDENT WHO IS PERFORMING AN INVENTORY OF THE DEFOSSE & KARTH WALLPAPER COLLECTION IN THE MUSEUM; ACQUISITION AT AUCTION OF A 1780 DRAWING BY ESPIRIT-ANTOINE ABELIN; SUPPORT BY THE FRIENDS OF A GALA TO BE HELD FOR THE "CERCLE DES ARTS GRAPHIQUES". THE FRIENDS WOULD SUPPORT THE GALA BY ACCEPTING SUBSCRIPTIONS FOR TICKETS TO THE GALA, OF WHICH 2/3 OF THE PURCHASE PRICE WOULD BE A GIFT TO THE MUSEUM; A RELATED ITEM IN THE GRANT REQUEST IS THE SUPPORT OF THE FRIENDS FOR THE ENCOURAGEMENT OF MEMBERSHIPS IN VARIOUS CLUBS OF MUSEUM SUPPORTERS. THE REQUEST IS THAT THE FRIENDS ACCEPT MEMBERSHIP SUBSCRIPTIONS IN SUPPORT OF THE OPERATING EXPENSES OF THE MUSEUM OR SPECIAL PROJECTS UNDERTAKEN BY SUCH MEMBERSHIP CLUBS.2. $200,000 TO SUPPORT VARIOUS RESTORATION EXPENSES OF THE FASHION AND TEXTILE DEPARTMENTS.3. $913,200 TO SUPPORT THE FOLLOWING - THE UPCOMING IRIS VAN HERPEN EXHIBITION, WHICH WILL OPEN IN THE FASHION GALLERIES IN NOVEMBER 2023. THE REQUEST FOR $800,000 INCLUDES FUDING FOR THE EXHIBITION SCENOGRAPHY, THE RESTORATION OF CERTAIN "LOOKS" PROPOSED TO BE INCLUDED IN THE EXHIBITION, THE CREATION OF THE "WAVE," A SCULPTURAL INSTALLATION THAT WILL BE DISPLAYED AS PART OF THE EXHIBITION, AND THE CREATION OF TEN "SOUND ATMOSPHERES" TO BE USED AS AMBIENT SOUND IN THE EXHIBITION GALLERIES; THE REQUEST FOR $100,000 TO FUND PARTS OF THE SCENOGRAPHY FOR THE UPCOMING FASHION AND SPORT EXHIBITION, INCLUDING THE CONSTRUCTION OF AN ATHLETIC TRACK, LUMINOUS RINGS RESEMBLING THE OLYMPIC RINGS AND MANNEQUINS IN THE POSTURE OF PARTICIPANTS IN VARIOUS SPORTING ACTIVITIES; THE REQUEST FOR $13,200 TO FUND THE ACQUISITION OF A 1666 DRAWING ATTRIBUTED TO THOMAS BLANCHET FOR THE DESIGN OF A TABERNACLE FOR AN ALTAR. 4. $129,418 TO FUND THE RENOVATION OF THE 5TH FLOOR READING ROOM. 1310538 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X MARGARET BULT 2126281016 40 EAST 78TH STREET APT 12G NEW YORK NY 10075 JULIA WIDDOWSON PRES & DIRECTOR 0.50 X X 0 0 0 NORA ANN WALLACE TREASURER, SECRETARY & DIR 1.00 X X 0 0 0 SAKORAKO FISHER DIRECTOR 0.50 X 0 0 0 JANE SCHULAK DIRECTOR 0.50 X 0 0 0 PETER SVENNILSON DIRECTOR 0.50 X 0 0 0 JUSTINE KOONS DIRECTOR 0.50 X 0 0 0 MARIA BELL DIRECTOR 0.50 X 0 0 0 BERNARD SELZ DIRECTOR 0.50 X 0 0 0 BEATRICE STERN DIRECTOR 0.50 X 0 0 0 CINDY SHERMAN DIRECTOR 0.50 X 0 0 0 REGINA WEINGARTEN DIRECTOR 0.50 X 0 0 0 ANNE DIAS GRIFFIN DIRECTOR 0.50 X 0 0 0 DANIELLE FADELL DIRECTOR 0.50 X 0 0 0 DIANA QUASHA DIRECTOR 0.50 X 0 0 0 MARINA KELLEN FRENCH DIRECTOR 0.50 X 0 0 0 MARGARET BULT EXEC DIRECT, ASST SECY & A 10.00 X 55000 0 0 55000 0 0 0 0 0 0 0 2257268 2257268 2257268 0 0 0 1310538 1310538 55000 5500 49500 29000 29000 37863 37863 4118 4118 624 624 10344 1034 9310 CONSULTING FEES - MOSTL 8336 834 7502 CONSULTING FEES - NICHO 1000 100 900 GIFTS 849 849 0 1457672 1310538 42059 105075 1792697 2590493 3150 6300 1795847 2596793 27925 29275 27925 29275 X 1542922 2567518 225000 0 1767922 2567518 1795847 2596793 799596 0 X X 0 0 0 X 3001912 2175869 1409051 1514974 2257268 10359074 3001912 2175869 1409051 1514974 2257268 10359074 0 0 0 10359074 12869 5328 18197 12869 5328 18197 3014781 2181197 1409051 1514974 2257268 10377271 0.99820 0.99800 0.00180 0.00200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: THE FRIENDS RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE FRIENDS HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. 0 EUROPE 0 0 GRANTS MADE TO RECIPIENT ORGANIZATION IN FRANCE GRANTS MADE TO RECIPIENT ORGANIZATION IN FRANCE 1310538 0 0 0 0 0 0 1310538 0 1310538 EUROPE GENERAL SUPPORT 1310538 WIRE TRANSFER 0 BOOK 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION IS A "FRIENDS OF ORGANIZATION THAT PROVIDES SUPPORT FROM U.S. DONORS TO LES ARTS DECORATIFS IN PARIS, FRANCE (FORMERLY KNOWN AS THE UNION CENTRALE DES ARTS DECORATIFS). THE ORGANIZATION RECEIVES: (I) A DETAILED GRANT REQUEST SUBSTANTIATING THE AMOUNT REQUIRED AND THE PURPOSE OF THE GRANT, (II) PERIODIC PROGRESS REPORTS FROM LES ARTS DECORATIFS PERSONNEL AS TO THE STATUS AND PROGRESS OF THE VARIOUS PROJECTS THAT IT RECEIVES FUNDING FOR, AND (III) A FINAL REPORT SUBSTANTIATING THE FINAL COST OF EACH PROJECT SUPPORTED AND INFORMATION ABOUT THE LOCATION AND MAINTENANCE OF ITEMS ADDED TO THE COLLECTION. IN ADDITION, THE EXECUTIVE DIRECTOR AND VARIOUS BOARD MEMBERS MEET FROM TIME TO TIME WITH PERSONNEL OF LES ARTS DECORATIFS AND ITS CONSTITUENT DEPARTMENTS AT THEIR LOCATION IN PARIS. PART III ACCOUNTING METHOD: FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, A COPY OF FORM 990 IS ELECTRONICALLY SENT TO THE EXECUTIVE DIRECTOR AND THE MEMBERS OF THE AUDIT COMMITTEE, WHO REVIEW IT WITH THE ORGANIZATION'S INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS. ONCE ALL QUESTIONS HAVE BEEN ADDRESSED, FORM 990 IS ELECTRONICALLY CIRCULATED TO ALL BOARD MEMBERS WITH INSTRUCTIONS TO REFER ALL QUESTIONS OR COMMENTS TO THE CHAIRMAN OF THE AUDIT COMMITTEE WITHIN A TWO WEEK PERIOD. ONCE THE BOARD HAS COMPLETED ITS REVIEW, FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS ADOPTED A CONFLICT OF INTEREST POLICY. THE ORGANIZATION HAS BUSINESS RELATIONSHIPS WITH A VERY SMALL NUMBER OF SERVICE PROVIDERS AND VENDORS. IT HAS ASCERTAINED THAT NONE OF ITS OFFICERS OR DIRECTORS HAS ANY FINANCIAL INTEREST IN ANY SUCH PERSONS. SUCH INFORMATION HAS BEEN VERIFIED BY DISCLOSURE STATEMENTS COMPLETED BY ALL THE DIRECTORS, WHICH WILL BE UPDATED ANNUALLY OR MORE FREQUENTLY IF NEW BUSINESS RELATIONSHIPS MAKE THAT ADVISABLE. IF A CONFLICT OF INTEREST IS REPORTED BY A DIRECTOR, OFFICER OR EMPLOYEE, OR OTHERWISE DISCOVERED, A COMMITTEE OF DISINTERESTED BOARD MEMBERS WOULD BE APPOINTED TO CONSIDER THE MATTER IN ACCORDANCE WITH THE PROCEDURES SET FORTH IN THE POLICY FOR ADDRESSING THE CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, FORM 990, THE FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY IS AVAILABLE TO THE GENERAL PUBLIC UPON WRITTEN REQUEST TO EITHER THE EXECUTIVE DIRECTOR, MAGARET BULT, OR THE TREASURER, NORA ANN WALLACE. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S AUDIT COMMITTEE ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.