Nonprofit · EIN 13-1985627
AMERICAN FOLK ART MUSEUM
Tax-exempt · NEW YORK, NY 10023
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $6,148,511 | $6,006,629 | $141,882 | $17,155,441 | $271,423 | $16,884,018 |
| June 30, 2024 | 990 | $5,537,927 | $6,661,763 | -$1,123,836 | $16,977,226 | $235,092 | $16,742,134 |
| June 30, 2023 | 990 | $9,565,100 | $5,366,290 | $4,198,810 | $16,954,252 | $407,884 | $16,546,368 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,966,233
- of which government grants
- $491,631
- Program service revenue
- $982,404
- Investment income
- $1,844,831
- Net gain from sales of assets
- -$1,510
- Net income from fundraising events
- $326,837
- Net income from sales of inventory
- $11,326
- Other revenue
- $355,043
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $518,000
- Other salaries and wages
- $2,085,681
- Salaries, compensation and benefits (total)
- $3,090,203
- Professional fundraising fees
- $0
- Legal fees
- $813,063
- Occupancy
- $386,456
- Travel
- $25,515
- Depreciation
- $120,139
- Program services (functional)
- $3,996,514
- Management and general (functional)
- $1,383,305
- Fundraising (functional)
- $626,810
Balance sheet and other
- Total assets, start of year
- $16,977,226
- Total assets, end of year
- $17,155,441
- Total liabilities, end of year
- $271,423
- Net assets, end of year
- $16,884,018
- Land, buildings and equipment
- $331,650
- Publicly traded securities
- $12,833,027
- Net assets without donor restrictions
- $511,485
- Net assets with donor restrictions
- $16,372,531
- Gross receipts
- $6,939,313
- Employees
- 46
- Volunteers
- 20
- Year formed
- 1961
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JASON T BUSCH | DIRECTOR AND CEO Officer | 37.5 | $331,886 | $16,950 |
| MARK EDEN | CHIEF FINANCIAL OFFICER Officer | 37.5 | $166,163 | $9,154 |
| KARLEY A KLOPFENSTEIN | DEPUTY DIRECTOR AND CHIEF DEVELOPMENT OFFICER Highest-paid employee | 37.5 | $117,907 | $11,326 |
| VALERIE ROUSSEAU | CURATORIAL CHAIR FOR EXHIBITIONS AND SENIOR CURATOR OF SELF-TAUGHT ART AND ART BRUT Highest-paid employee | 37.5 | $100,379 | $18,797 |
| BRETT A ROBBINS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN DONNELLY | TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| EDWARD V BLANCHARD JR | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ELIZABETH V WARREN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| GAIL WRIGHT SIRMANS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JANE A SHALLAT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KARIN FIELDING | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LAURA PARSONS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LAWRENCE B BENENSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LESLIE SEEMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LUCY C DANZIGER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
22 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER RAPAPORT | TRUSTEE Trustee or director, Officer | 1 | $0 |
| ROBERTA S TERKOWITZ | SECRETARY Trustee or director, Officer | 1 | $0 |
| BRUCE J WENDEL | TRUSTEE Trustee or director | 1 | $0 |
| JULIA ALEXANDER | TRUSTEE Trustee or director | 1 | $0 |
| LUC M VOLATIER | TRUSTEE Trustee or director | 1 | $0 |
| BARBARA L GORDON | TRUSTEE Trustee or director, Officer | 1 | $0 |
| WILLET BRACKEN EVANS | TRUSTEE Trustee or director | 1 | $0 |
| BEN Z COHEN | TRUSTEE Trustee or director | 1 | $0 |
| ELLEN BROOKS | TRUSTEE Trustee or director | 1 | $0 |
| CHRISTOPHER GIGIO | TRUSTEE Trustee or director | 1 | $0 |
| LANA MASOR | TRUSTEE Trustee or director | 1 | $0 |
| RAYMONDY THERMIDOR | TRUSTEE Trustee or director | 1 | $0 |
| JOYCE B COWIN | TRUSTEE Trustee or director | 1 | $0 |
| DAVID DELUCA | TRUSTEE Trustee or director | 1 | $0 |
| JOLIE ALTMAN | TRUSTEE Trustee or director | 1 | $0 |
| LYBRA CLEMONS | TRUSTEE Trustee or director | 1 | $0 |
| GILL HOLLAND | TRUSTEE Trustee or director | 1 | $0 |
| EDWARD SHAPIRO | TRUSTEE Trustee or director | 1 | $0 |
| JAMES ROHRBACH | TRUSTEE Trustee or director | 1 | $0 |
| LEE ANN DILLON | TRUSTEE Trustee or director | 1 | $0 |
| DENNIS PAUSTENBACH | TRUSTEE Trustee or director | 1 | $0 |
| RODNEY BEARD | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 35 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JASON T BUSCH | DIRECTOR AND CEO Officer | 35 | $321,882 | $19,928 |
| MARK EDEN | CHIEF FINANCIAL OFFICER Officer | 35 | $171,831 | $4,078 |
| KARLEY A KLOPFENSTEIN | DEPUTY DIRECTOR AND CHIEF DEVELOPMENT OFFICER Highest-paid employee | 35 | $116,592 | $20,134 |
| CHRISTOPHER GORMAN | DEPUTY DIRECTOR AND CHIEF COMMUNICATIONS OFFICER Highest-paid employee | 35 | $122,017 | $13,925 |
| VALERIE ROUSSEAU | CURATORIAL CHAIR FOR EXHIBITIONS AND SENIOR CURATOR OF SELF-TAUGHT ART AND ART BRUT Highest-paid employee | 35 | $103,720 | $27,610 |
| BRETT A ROBBINS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN DONNELLY | TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| EDWARD V BLANCHARD JR | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ELIZABETH V WARREN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| GAIL WRIGHT SIRMANS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JANE A SHALLAT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KARIN FIELDING | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LAURA PARSONS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LAWRENCE B BENENSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LESLIE SEEMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LUCY C DANZIGER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| PETER RAPAPORT | TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| ROBERTA S TERKOWITZ | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BRUCE J WENDEL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JULIA ALEXANDER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LUC M VOLATIER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BARBARA L GORDON | TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| WILLET BRACKEN EVANS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BEN Z COHEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ELLEN BROOKS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER GIGIO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LANA MASOR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RAYMONDY THERMIDOR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOYCE B COWIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID DELUCA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOLIE ALTMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LYBRA CLEMONS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GILL HOLLAND | TRUSTEE Trustee or director | 1 | $0 | $0 |
| EDWARD SHAPIRO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES ROHRBACH | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 30 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JASON T BUSCH | DIRECTOR AND CEO Officer | 35 | $306,069 | $18,176 |
| KARLEY A KLOPFENSTEIN | DEPUTY DIRECTOR AND CHIEF DEVELOPMENT OFFICER Highest-paid employee | 35 | $100,703 | $18,873 |
| CHRISTOPHER GORMAN | DEPUTY DIRECTOR AND CHIEF COMMUNICATIONS OFFICER Highest-paid employee | 35 | $100,423 | $2,953 |
| AUDREY HECKLER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| BARBARA L GORDON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRETT A ROBBINS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN DONNELLY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| EDWARD V BLANCHARD JR | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ELIZABETH V WARREN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| GAIL WRIGHT SIRMANS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JANE A SHALLAT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KARIN FIELDING | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LAURA PARSONS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LAWRENCE B BENENSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LESLIE SEEMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LUCY C DANZIGER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| PETER RAPAPORT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERTA S TERKOWITZ | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BRUCE J WENDEL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JULIA ALEXANDER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LUC M VOLATIER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SEOL PARK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLET BRACKEN EVANS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BEN Z COHEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ELLEN BROOKS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER GIGIO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LANA MASOR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RAYMONDY THERMIDOR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOYCE B COWIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID DELUCA | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2 LINCOLN SQUARE, NEW YORK, NY 10023-6229
- In care of
- % JASON T BUSCH
- Principal officer (990 for 2024)
- JASON T BUSCH, 2 LINCOLN SQUARE, NEW YORK, NY 10023
- Signed the 990
- MARK EDEN, CHIEF FINANCIAL OFFICER
- Phone
- (212) 595-9533
- Website
- www.folkartmuseum.org
Mission
FOUNDED IN 1961 THE AMERICAN FOLK ART MUSEUM IS THE NATIONS MUSEUM OF FOLK AND SELF-TAUGHT ARTISTS. CANDID GENUINE AND UNEXPECTED. AFAM CELEBRATES THE CREATIVITY OF INDIVIDUALS WHOSE SINGULAR TALENTS HAVE BEEN REFINED THROUGH PERSONAL EXPERIENCE RATHER THAN FORMAL ARTISTIC TRAINING WITH A COLLECTION SPANNING 7,500 WORKS OF ART FROM FOUR CENTURIES AND NEARLY EVERY CONTINENT THE MUSEUM ENGAGES PEOPLE OF ALL BACKGROUNDS THROUGH ITS COLLECTIONS EXHIBITIONS PUBLICATIONS AND PUBLIC PROGRAMS AS THE LEADING FORUM SHAPING THE UNDERSTANDING AND APPRECIATION OF FOLK AND SELF-TAUGHT ART THANKS TO THE GENEROUS SUPPORT OF OUR MEMBER PATRONS AND DONORS ADMISSION IS ALWAYS FREE.
Program accomplishments
- EXHIBITIONS AND COLLECTIONS - DEVELOPMENT AND PRESENTATION OF EXHIBITIONS AND PROGRAMS THAT PRESENT NEW IDEAS ARTISTS AND ARTWORKS THAT SHAPE AND DEFINE THE FIELD OF FOLK ART AND WORK OF SELF-TAUGHT ARTISTS. THE MUSEUM ALSO MAINTAINS AND PRESERVES A COMPREHENSIVE COLLECTION OF MORE THAT 7,000 OBJECTS; LOANS ARTWORKS TO OTHER INSTITUTIONS; ORGANIZES TRAVELING EXHIBITIONS AND MAKES ITS COLLECTION AVAILABLE FOR STUDY.Expenses $1,169,994 · revenue $242,876
- MUSEUM GIFT SHOP AND E-COMMERCE PLATFORM MAKES MERCHANDISE AVAILABLE TO THE PUBLIC INCLUDING HAND-MADE ITEMS ARTISTIC REPRODUCTIONS AND PUBLICATIONS THAT REFLECT THE MISSION AND VISION OF THE MUSEUM.Expenses $563,014 · revenue $574,340
- EDUCATION PROGRAMS THAT BENEFIT PRE-K THROUGH 12TH GRADE STUDENTS WITH SINGLE CLASS VISITS; MUSEUM-SCHOOL PARTNERSHIPS; TEEN DOCENT PROGRAMS AND SUMMER CAMP PROGRAMS; MONTHLY FAMILY PROGRAMS HANDS ON WORKSHOPS FOR ADULTS WEEKLY MUSIC EVENTS PROGRAMS FOR SENIORS WITH ALZHEIMERS DISEASE TOURS FOR BLIND AND VISTORS WITH LOW VISION A YEAR-LONG PAID INTERNSHIP FOR LAGUARDIA COMMUNITY COLLEGE STUDENTS PROFESSIONAL DEVELOPMENT WORKSHOPS FOR NYC TEACHERS AND OPEN HOUSES FOR TEACHERS AND SCHOOL ADMINISTRATORS; AN EDUCATIONAL LIBRARY AND STUDY CENTER FOR THE BENEFIT OF SCHOLARS AND RESEARCHERS AND THE GENERAL PUBLIC BY APPOINTMENT; AND ADULT PROGRAMS THAT SERVE LIFE-LONG LEARNERS WITH A ROBUST PROGRAM OF LECTURES FILMS DOCENT TOURS SYMPOSIA AND SPECIAL EVENTS.Expenses $354,115 · revenue $82,339
- SUPPORT SERVICESExpenses $1,909,391
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 13-1985627
- 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
- 1964
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A500)
- Assets (IRS master file)
- $17,155,441
- Income (IRS master file)
- $6,939,313
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $6,148,511 | $6,006,629 | $17,155,441 | IRS |
| 990 | June 2024 | $5,537,927 | $6,661,763 | $16,977,226 | IRS |
| 990 | June 2023 | $9,565,100 | $5,366,290 | $16,954,252 | XML |
| 990 | June 2022 | $5,728,873 | $4,521,552 | $11,749,573 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
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 13-1985627).
Questions about AMERICAN FOLK ART MUSEUM
- What is the EIN of AMERICAN FOLK ART MUSEUM?
- The employer identification number (EIN) of AMERICAN FOLK ART MUSEUM is 13-1985627.
- Is AMERICAN FOLK ART MUSEUM tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1964.
- Are donations to AMERICAN FOLK ART MUSEUM tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AMERICAN FOLK ART MUSEUM 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 FOLK ART MUSEUM due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AMERICAN FOLK ART MUSEUM last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of AMERICAN FOLK ART MUSEUM?
- The 990 for the year ended June 30, 2025 names JASON T BUSCH.
- Who are the officers and directors of AMERICAN FOLK ART MUSEUM?
- The 990 for the year ended June 30, 2025 lists 37 people; 4 received compensation from the organization, the highest $331,886 (JASON T BUSCH, DIRECTOR AND CEO).
- How much revenue does AMERICAN FOLK ART MUSEUM have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $6,148,511, expenses of $6,006,629 and total assets of $17,155,441 at year end.
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