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Nonprofit · EIN 06-1797076

AMERICAN FRIENDS OF THE ART FUND

Tax-exempt · NEW YORK, NY 10019

Financials

$925K$64K2023$152K$1.1M2024
Revenue Expenses · by fiscal year end
Financials of AMERICAN FRIENDS OF THE ART FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$152,355$1,121,618-$969,263$89,551$0$89,551
December 31, 2023990$924,860$64,264$860,596$1,058,814$0$1,058,814
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$149,758
Program service revenue
$0
Investment income
$2,597
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,033,373
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$80,000
Accounting fees
$7,000
Program services (functional)
$1,033,373
Management and general (functional)
$88,245

Balance sheet and other

Total assets, start of year
$1,058,814
Total assets, end of year
$89,551
Total liabilities, end of year
$0
Net assets, end of year
$89,551
Gross receipts
$152,355
Employees
0
Volunteers
0
Year formed
2006
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MARINA A BEZRUKOVAPRESIDENT/TREASURER
Trustee or director, Officer
2$0
JENNIFER WALDMANSECRETARY
Trustee or director, Officer
1$0
SAMUEL SACHS IIDIRECTOR
Trustee or director, Officer
1$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
Marina A BezrukovaDirector/President/Treasur
Trustee or director, Officer
2$0
Jennifer WaldmanDirector/Secretary
Trustee or director, Officer
1$0
Samuel Sachs IIDirector
Trustee or director, Officer
1$0

Address and contacts

Address (IRS master file)
1350 AVE OF THE AMERICAFL2STE266, NEW YORK, NY 10019-0000
In care of
% MARINA A BEZRUKOVA
Mailing address (990-N for 2009)
Sullivan Cromwell LLP, 125 Broad Street, New York NY 10004
Principal officer (990 for 2024)
MARINA A BEZRUKOVA, 1350 AVE OF THE AMERICAFL2STE266, NEW YORK, NY 10019
Principal officer (990-N for 2009)
Marina A Bezrukova, Sullivan Cromwell LLP, 125 Broad Street, New York NY 10004
Signed the 990
MARINA A BEZRUKOVA, PRESIDENT
Phone
(646) 867-0994
Return prepared by
CASSIDY ADVISORS AND ACCOUNTANTS LLC

Mission

IN FURTHERANCE OF ITS EXEMPT PURPOSES, AMERICAN FRIENDS OF THE ART FUND ("AFAF") 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 AFAF DEEMS APPROPRIATE, INCLUDING IN SUPPORT OF AND TO PROMOTE THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF THE ART FUND (A CHARITABLE ORGANIZATION LOCATED IN LONDON, ENGLAND, OPERATING UNDER THE AWARD OF A ROYAL CHARTER AND REGISTERED AS A CHARITY IN THE UNITED KINGDOM) AND TO ENCOURAGE THE APPRECIATION AND ENJOYMENT OF ART IN GENERAL.

990 for the year ended December 31, 2024

Program accomplishments

  • TO SUPPORT MUSEUMS AND ART GALLERIES TO FURTHER THE GENERAL CHARITABLE PURPOSES OF EACH ENTITY.
    Expenses $1,033,373 · grants $1,033,373

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
06-1797076
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2007
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$89,551
Income (IRS master file)
$152,355

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$152,355$1,121,618$89,551XML
990December 2023$924,860$64,264$1,058,814XML
990December 2022$326,864$2,198,166$198,218IRS
990December 2021–––IRS
990December 2020–––IRS
990-N for 2009
Officer: Marina A Bezrukova
December 31, 2009≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-1797076).

Questions about AMERICAN FRIENDS OF THE ART FUND

What is the EIN of AMERICAN FRIENDS OF THE ART FUND?
The employer identification number (EIN) of AMERICAN FRIENDS OF THE ART FUND is 06-1797076.
Is AMERICAN FRIENDS OF THE ART FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
Are donations to AMERICAN FRIENDS OF THE ART FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does AMERICAN FRIENDS OF THE ART FUND file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of AMERICAN FRIENDS OF THE ART FUND due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did AMERICAN FRIENDS OF THE ART FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of AMERICAN FRIENDS OF THE ART FUND?
The 990 for the year ended December 31, 2024 names MARINA A BEZRUKOVA.
Who are the officers and directors of AMERICAN FRIENDS OF THE ART FUND?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does AMERICAN FRIENDS OF THE ART FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $152,355, expenses of $1,121,618 and total assets of $89,551 at year end.

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