2024-11-15T14:49:32-06:00 2023-12-31 135420320 Sullivan & Cromwell LLP 125 Broad Street New York NY 100042498 990 2023-01-01 680639985 The American Friends of the Moderna Museet Inc AMER 2122885041 125 Broad Street 3927 New York NY 100042498 Helena Skarstedt President 2122885041 2024-11-15 1 1 Naiesha McNeill P01303407 2125584000 2023 2024-10-15 13:58:12Z Helena Skarstedt 115 East 73rd Street New York NY 10021 572069 0 X N/A X 2007 CT The corporation is organized and operates exclusively for charitable and educational purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code. 8 8 0 0 0 0 897824 572000 0 0 64 69 0 0 897888 572069 814000 486500 0 0 0 0 0 0 0 7667 157703 821667 644203 76221 -72134 229570 157436 0 0 229570 157436 X See Schedule O 0 0 486500 486500 To encourage the appreciation and enjoyment of modern and contemporary art by supporting the charitable and educational activities of the Moderna Museet (a museum of modern and contemporary art located in Stockholm, Sweden) 486500 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 8 8 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 NY X Sullivan & Cromwell LLP 2125581621 125 Broad Street New York NY 100042498 X X Helena Skarstedt President 10.00 X X 0 0 0 Per Skarstedt Treasurer 1.00 X X 0 0 0 Ake Skeppner Director 1.00 X 0 0 0 Peggy Anderson Director 1.00 X 0 0 0 Bjorn Konig Director 1.00 X 0 0 0 Katarina Swanstrom Secretary & Assistant Trea 1.00 X X 0 0 0 Gitte Orskou Director 1.00 X 0 0 0 Chris Mack Director 1.00 X 0 0 0 0 0 0 0 0 0 0 0 63000 509000 572000 69 69 572069 69 0 0 X 486500 486500 33000 33000 124703 124703 644203 486500 157703 0 155713 128510 73857 28926 229570 157436 0 0 X 229570 157436 0 0 0 0 229570 157436 229570 157436 -72134 0 X 1 X 0 0 0 X 138450 89900 113000 895364 572000 1808714 138450 89900 113000 895364 572000 1808714 1808714 945 325 74 64 69 1477 1810191 0.99920 0.99820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X To be sold to raise funds 1 0 Part III, Line 1a: The organization has elected not to report works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service in its revenue statement and balance sheet. The organization prepares financial statements and has them reviewed or audited by an independent accountant only for years when it is required to do so by the applicable state law. Based upon the dollar amount of the organization's total support and revenue for 2023, requirement for a review has been met. Part III, Line 4: In furtherance of its exempt purposes, the organization encourages the appreciation and enjoyment of modern art. Since the organization was formed, it has accepted gifts of modern art from artists and collectors and purchased works of art, with a particular focus on American contemporary art. To make these works available for public exhibition, the organization has loaned or transferred them to Moderna Museet, a museum located in Stockholm, Sweden, which has one of the world's best collections of modern and contemporary art, including key works by artists such as Pablo Picasso, Salvador Dali, Henri Matisse and Robert Rauschenberg, as well as works by contemporary artists. The museum is open to the public, and each year attracts thousands of visitors from around the world. 0 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Grants N/A 486500 0 0 0 0 0 0 486500 0 486500 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium Charitable 486500 0 Artwork FMV 0 0 0 0 0 0 Part I, Line 2: The organization makes grants only for I.R.C. Section 170(c)(2)(B) purposes to other organizations described in I.R.C. Section 170(b)(1)(A). The organization monitors the use of grants made outside the United States to ensure that each grant furthers the organization's exempt purposes. In its communications with a grant recipient, the organization ensures that the recipient understands that the grant may be used only for I.R.C. Section 170(c)(2)(B) purposes, and that the grant recipient may be requested to report back to the organization on its use of the grant. For example, in the case of the grant of artwork made by the organization in 2023 to the Moderna Museet, a leading public museum of modern and contemporary art in Sweden, the organization's Board of Directors received presentation reports on the use of the grants from the museum's Director. The Director's reports included a description of how the museum used each grant for the museum's permanent collection and an explanation of how such works of art transferred by the organization to the museum complement and enhance the museum's collection. X 7 0 Fair Market Value 0 0 0 0 Part I, Line 33: The organization has elected not to report works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service in its revenue statement and balance sheet. Form 990, Page 2, Part III, Line 1 In furtherance of its exempt purposes, the corporation receives money and property by gift, devise or bequest, invests and reinvests the same, and applies the income and principal thereof, as the Board of Directors from time to time determines, within or without the United States of America, exclusively for charitable or educational purposes, through contributions to charitable organizations, or directly, for such activities in furtherance of its charitable purposes as the Board of Directors of the corporation deems appropriate, including in support of and to promote the charitable and educational activities of the Moderna Museet (a museum of modern and contemporary art located in Stockholm, Sweden) and to encourage the appreciation and enjoyment of modern art in general. Form 990, Part VI, Section A, line 2 Helena Skarstedt, Director and President and Per J. Skarstedt, Director and Treasurer have a family relationship. Form 990, Part VI, Section A, line 8b Not applicable Form 990, Part VI, Section B, line 11b The organization's financial statements are reviewed or audited by an independent accountant, as required by the applicable state law, and its Form 990 is reviewed by the organization's legal counsel at Sullivan & Cromwell LLP. The Form 990 is then reviewed by the organization's President who is given ample time and opportunity to discuss her comments and questions with the return preparer, the organization's legal counsel and, if needed, other members of the organization's Board of Directors. Finally, the organization provides a copy of Form 990 to the Board of Directors (each member receiving his or her individual copy), giving the Board an opportunity to provide input and address its questions or comments with the organization's legal counsel and Officers before or at the next Board meeting. Form 990, Part VI, Section B, line 12c Each person governed by the conflict of interest policy files a disclosure statement with the President of the organization. A disclosure statement must also be filed by any person who is a nominee for election or has been proposed for appointment to a position in the organization. It is the policy of the organization that any interest described in a conflict of interest policy statement be disclosed before any transaction is consummated. It is the continuing responsibility of all persons governed by the policy to scrutinize their transactions for potential conflicts and to make such disclosures. Disclosure shall be made to the organization's President, who shall bring these matters to the attention of the Board of Directors. The Board (other than interested Directors, if any) shall then determine whether there is a potential conflict of interest and, after so affirmatively determining such conflict, the Board may take actions that are in the best interest of the organization. Form 990, Part VI, Section B, line 15 Not applicable Form 990, Part VI, Section C, line 19 To the extent the organization's governing documents (articles of incorporation and bylaws) and conflict of interest policy of the organization are subject to the Federal public disclosure rules (or state public disclosure rules), these documents are made publicly available as applicable law may require. Form 990, Part VII Contact Addresses for Officers, Directors, Etc Helena Skarstedt - 115 East 73rd Street, New York, NY 10021. Per Skarstedt - 115 East 73rd Street, New York, NY 10021. Ake Skeppner - 333 Avenue Moliere, , Bruxelles, BELGIUM 1180. Peggy Anderson - 79 Horatio Street, New York, NY 10014. Bjorn Konig - 31 Chester Terrace, , London, UNITED KINGDOM NW1 4ND. Katarina Swanstrom - Moderna Museet Box 16382, , Stockholm, SWEDEN 103 27. Form 990, Page 7, Part VII, Address of officers Form 990, Part IX, line 11g Bank fees: Program service expenses 0. Management and general expenses 2,366. Fundraising expenses 0. Total expenses 2,366. Domestic agent: Program service expenses 0. Management and general expenses 433. Fundraising expenses 0. Total expenses 433. NYS filing fee: Program service expenses 0. Management and general expenses 75. Fundraising expenses 0. Total expenses 75. Transportation of artwork: Program service expenses 0. Management and general expenses 630. Fundraising expenses 0. Total expenses 630. Framing Atelier : Program service expenses 0. Management and general expenses 3,199. Fundraising expenses 0. Total expenses 3,199. Acquisition of Artwork : Program service expenses 0. Management and general expenses 118,000. Fundraising expenses 0. Total expenses 118,000.