Nonprofit · EIN 22-3037993
AMERICAN FRIENDS OF MASTERWORKS INC
Tax-exempt · IRVINGTON, NY 10533
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $249,837 | $447,938 | -$198,101 | $72,456 | $0 | $72,456 |
| December 31, 2023 | 990 | $654,860 | $406,600 | $248,260 | $275,557 | $5,000 | $270,557 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $243,687
- Membership dues
- $12,450
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- $6,150
- Other revenue
- $6,150
Expenses
- Grants and similar amounts paid
- $435,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $9,954
- Program services (functional)
- $435,000
- Management and general (functional)
- $12,938
Balance sheet and other
- Total assets, start of year
- $275,557
- Total assets, end of year
- $72,456
- Total liabilities, end of year
- $0
- Net assets, end of year
- $72,456
- Net assets without donor restrictions
- $66,956
- Net assets with donor restrictions
- $5,500
- Gross receipts
- $249,837
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1997
- State of legal domicile
- DE
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLOTTE SULLIVAN | SECRETARY Trustee or director, Officer | 10 | $0 |
| ANNE S WILLIAMS | BOARD MEMBER Trustee or director | 10 | $0 |
| BETTY KRULIK | TREASURER Trustee or director, Officer | 10 | $0 |
| KATHARINE HAINES | ASST. TREASURER Trustee or director, Officer | 10 | $0 |
| CLAUDIA WARDMAN | BOARD MEMBER Trustee or director | 10 | $0 |
| PAM GOLDIE-MORRISON | BOARD MEMBER Trustee or director | 10 | $0 |
| MARY ELLEN SNOW | CHAIRWOMAN Trustee or director, Officer | 10 | $0 |
| SUSAN E MENCONI | BOARD MEMBER Trustee or director | 10 | $0 |
| ASHLEY DUNNE | BOARD MEMBER Trustee or director | 10 | $0 |
| STEPHANIE SEBESTA | BOARD MEMBER Trustee or director | 10 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANNE S WILLIAMS | BOARD MEMBER Trustee or director | 10 | $0 |
| CLAUDIA WARDMAN | BOARD MEMBER Trustee or director | 10 | $0 |
| PAM GOLDIE-MORRISON | BOARD MEMBER Trustee or director | 10 | $0 |
| ELINOR J FERDON | BOARD EMERITUS Trustee or director | 10 | $0 |
| SUSAN E MENCONI | BOARD MEMBER Trustee or director | 10 | $0 |
| ASHLEY DUNNE | BOARD MEMBER Trustee or director | 10 | $0 |
| STEPHANIE SEBESTA | BOARD MEMBER Trustee or director | 10 | $0 |
| CHARLOTTE SULLIVAN | SECRETARY Officer | 10 | $0 |
| BETTY KRULIK | TREASURER Officer | 10 | $0 |
| KATHARINE HAINES | ASST. TREASURER Officer | 10 | $0 |
| MARY ELLEN SNOW | CHAIRWOMAN Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 260 BIRCH LN, IRVINGTON, NY 10533-2306
- In care of
- % KITTY HAINES
- Principal officer (990 for 2024)
- BETTY KRULIK, 260 BIRCH LANE, IRVINGTON, NY 10533
- Signed the 990
- BETTY KRULIK, TREASURER
- Phone
- (917) 582-1300
- Return prepared by
- PRESTI & NAEGELE LLC
Mission
THE FOUNDATION WAS FORMED TO SUPPORT DOMESTIC PROGRAMS, LECTURES AND EXHIBITIONS FOR THE PURPOSE OF EDUCATING THE PUBLIC ABOUT ART EDUCATION AND DEPICTING THE SCENERY AND TERRAIN OF BERMUDA.
Program accomplishments
- THE AMERICAN FRIENDS OF MASTERWORKS INC., SUPPORTS THE WORK OF THE MASTERWORKS MUSEUM OF BERMUDA ART. THE ORGANIZATION RAISES FUNDS TO SUPPORT THE MUSEUM INCLUDING ART EDUCATION FOR STUDENTS.Expenses $435,000 · grants $435,000
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-3037993
- 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
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q122)
- Assets (IRS master file)
- $72,456
- Income (IRS master file)
- $249,837
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $249,837 | $447,938 | $72,456 | XML |
| 990 | December 2023 | $654,860 | $406,600 | $275,557 | XML |
| 990 | December 2022 | $135,491 | $157,522 | $22,297 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 22-3037993).
Questions about AMERICAN FRIENDS OF MASTERWORKS INC
- What is the EIN of AMERICAN FRIENDS OF MASTERWORKS INC?
- The employer identification number (EIN) of AMERICAN FRIENDS OF MASTERWORKS INC is 22-3037993.
- Is AMERICAN FRIENDS OF MASTERWORKS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to AMERICAN FRIENDS OF MASTERWORKS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AMERICAN FRIENDS OF MASTERWORKS INC 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 MASTERWORKS INC 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 MASTERWORKS INC 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 MASTERWORKS INC?
- The 990 for the year ended December 31, 2024 names BETTY KRULIK.
- Who are the officers and directors of AMERICAN FRIENDS OF MASTERWORKS INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does AMERICAN FRIENDS OF MASTERWORKS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $249,837, expenses of $447,938 and total assets of $72,456 at year end.
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