2025-02-25T15:21:28-06:00 2024-12-31 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2024-01-01 465299350 American Friends of the Prado Museum AMER 6124180385 600 South Second St - 201 Minneapolis MN 55401 Jose A Peris Vice President 6123033141 2025-02-25 1 1 Heidi Sachs P01273512 6122536500 2025-02-24 2024 2025-03-06 01:10:19Z Carlos Zurita 600 South Second St - 201 Minneapolis MN 55401 312023 0 X www.afpradomuseum.org X 2014 MN To foster philanthropic support for the Prado Museum in Madrid, Spain 5 5 0 5 0 0 378892 299336 0 0 12469 12687 0 0 391361 312023 426000 374406 0 0 0 0 0 0 0 31654 14387 457654 388793 -66293 -76770 9139532 9062762 0 0 9139532 9062762 X Born out of the greatest appreciation for these outstanding collections, American Friends is a U.S. 501(c)(3) non-profit organization dedicated to fostering philanthropic support for the conservation, dissemination, and enjoyment of the value, excellence, and history of Spanish, European, and classical Greco-Roman cultural heritage safeguarded in the Prado Museum in Madrid, Spain, for the benefit of all humanity. 0 0 374406 374406 American Friends of the Prado Museum is particularly focused on contributing to the sustainment of the important artistic treasures in the Prado Museum in Madrid, Spain, and promoting further knowledge of the Prado Museum and Spanish art. 374406 1 1 0 0 0 0 0 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 MN X Jose A Peris 6123033141 600 South Second Street 201 Minneapolis MN 55401 X Carlos Zurita Duque de Sonia Chair 1.00 X X 0 0 0 Jose A Peris Vice President 1.00 X X 0 0 0 Rolf Engh Secretary 1.00 X X 0 0 0 Christina Simmons Member 1.00 X 0 0 0 Javier Solana de Madariaga Member 1.00 X 0 0 0 0 0 0 0 0 0 0 0 299336 21005 299336 12687 12687 312023 0 0 12687 374406 374406 10425 10425 Bank and Filing Fees 3962 3962 388793 374406 14387 0 194632 285262 14900 27500 8930000 8750000 9139532 9062762 0 0 X 9139532 9062762 9139532 9062762 9139532 9062762 -76770 0 X 0 1 X 1 0 X 545913 446362 150018 378892 299336 1820521 545913 446362 150018 378892 299336 1820521 705703 1114818 289 68 5003 12469 12687 30516 1851037 0.60230 0.56760 X Schedule A, Part VI, List of Unusual Grants: Description: Buste de Femme by Picasso Amount: 8750000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 8750000 X X X 0 0 Artwork 8750000 8750000 X 312023 0 312023 0 312023 388793 0 388793 0 388793 Part III, Line 4: The artwork is the Buste de Femme by Picasso. The piece is currently on loan to the Prado Museum located in Madrid, Spain, in furtherance with the organization's exempt purpose. Part X, Line 2: The Organization believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The Organization would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. 1 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 1 1 Fundraising, program services, administration General Support 374406 1 1 0 0 1 1 374406 0 374406 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium General Support 194406 Wire Transfer 180000 Artwork Appraisal 1 0 0 0 0 0 0 0 X 1 21005 FMV 0 0 0 0 Part I, Column (b): The number of contributions is reported in column (b). Form 990, Part VI, Section A, line 8b The organization does not have any committees with the authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11b The Form 990 will be provided to the Board of Directors prior to filing with the IRS. Form 990, Part VI, Section B, line 12c It shall be the policy of this corporation that all directors, officers, and committee members of this corporation shall scrupulously avoid any conflict between their own respective individual interests and the interests of this corporation in any and all actions taken by them on behalf of this corporation in their representative capacities. Directors, officers, and committee members shall comply with the Conflict of Interest Policy approved by the Board of Directors, as it is amended from time to time, and shall annually acknowledge receiving the Conflict of Interest Policy. Form 990, Part VI, Section C, line 19 The organization makes it governing documents, conflict of interest policy, and financial statements are made available to the public upon request.