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American Friends of the Louvre

NEW YORK, NY   |  www.aflouvre.org
GuideStar Charity Check

American Friends of the Louvre

EIN: 52-2376786


Mission

American Friends of the Louvre (AFL) was established in 2002 to strengthen ties between the Louvre and the American public and to formalize the longstanding generosity of American patrons. Through its support, AFL raises awareness of the Louvre’s collections and museum expertise and helps make the Museum’s exhibitions and permanent collections more accessible in the U.S. and around the world. To date, more than $60 million has been raised in support of the Museum and its nine curatorial departments as well as the Education Department, Auditorium, and Louvre Endowment. Initiatives supported range from scholarly research to gallery renovations, exhibitions and educational tools, and also include contemporary art installations, restorations and acquisitions.

Ruling year info

2002

Executive Director

Thomas E Moore III

Main address

1460 Broadway

NEW YORK, NY 10036 USA

Show more contact info

EIN

52-2376786

Subject area info

Arts and culture

Population served info

Adults

NTEE code info

Fund Raising and/or Fund Distribution (A12)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

United States Activities

AFL engages in fund raising and promotional activities in the U.S. on behalf of the Louvre museum. This includes securing funds for exhibitions, conservation, research and education projects as well as events to raise awareness of the Louvre exhibitions and loans in the U.S. AFL is a self sustaining organization and is responsible for raising funds to cover its own budget while at the same time securing major funding for Louvre projects.

Population(s) Served
Adults

Where we work

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023 info

SOURCE: IRS Form 990

17.84

Average of 5.15 over 10 years

Months of cash in 2023 info

SOURCE: IRS Form 990

11.5

Average of 11.4 over 10 years

Fringe rate in 2023 info

SOURCE: IRS Form 990

15%

Average of 12% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

American Friends of the Louvre

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

American Friends of the Louvre

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

American Friends of the Louvre

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of American Friends of the Louvre’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2019 2020 2021 2022 2023
Unrestricted surplus (deficit) before depreciation $1,089,855 $317,576 $550,413 $548,322 -$221,897
As % of expenses 94.0% 15.4% 11.7% 28.2% -8.0%
Unrestricted surplus (deficit) after depreciation $1,089,855 $317,576 $550,413 $548,322 -$221,897
As % of expenses 94.0% 15.4% 11.7% 28.2% -8.0%
Revenue composition info
Total revenue (unrestricted & restricted) $2,389,661 $3,194,218 $4,946,706 $3,317,532 $2,783,711
Total revenue, % change over prior year -24.0% 33.7% 54.9% -32.9% -16.1%
Program services revenue 33.8% 24.9% 13.3% 22.6% 30.2%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 2.0% 1.5% 1.8% 2.1% 4.0%
Government grants 0.0% 0.0% 1.5% 0.7% 0.0%
All other grants and contributions 48.4% 37.0% 72.6% 61.3% 61.8%
Other revenue 15.7% 36.6% 10.8% 13.2% 4.0%
Expense composition info
Total expenses before depreciation $1,159,055 $2,062,541 $4,693,999 $1,946,794 $2,784,406
Total expenses, % change over prior year -65.3% 78.0% 127.6% -58.5% 43.0%
Personnel 42.2% 23.1% 9.7% 24.8% 18.6%
Professional fees 2.3% 2.4% 2.1% 5.4% 2.8%
Occupancy 2.9% 1.8% 0.6% 1.7% 1.3%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 29.2% 64.5% 84.9% 58.1% 65.3%
All other expenses 23.4% 8.2% 2.6% 10.1% 12.0%
Full cost components (estimated) info 2019 2020 2021 2022 2023
Total expenses (after depreciation) $1,159,055 $2,062,541 $4,693,999 $1,946,794 $2,784,406
One month of savings $96,588 $171,878 $391,167 $162,233 $232,034
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $1,255,643 $2,234,419 $5,085,166 $2,109,027 $3,016,440

Capital structure indicators

Liquidity info 2019 2020 2021 2022 2023
Months of cash 11.4 8.1 8.1 28.0 11.5
Months of cash and investments 75.1 46.1 25.7 60.0 48.0
Months of estimated liquid unrestricted net assets 69.4 40.9 19.4 50.1 34.1
Balance sheet composition info 2019 2020 2021 2022 2023
Cash $1,104,930 $1,396,260 $3,158,170 $4,537,898 $2,662,505
Investments $6,147,492 $6,520,932 $6,905,355 $5,199,636 $8,467,265
Receivables $793,086 $1,403,304 $3,741,007 $2,262,738 $575,440
Gross land, buildings, equipment (LBE) $0 $0 $0 $0 $0
Accumulated depreciation (as a % of LBE) 0.0% 0.0% 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 9.5% 15.0% 25.9% 16.0% 4.9%
Unrestricted net assets $6,707,029 $7,024,605 $7,575,018 $8,123,340 $7,901,443
Temporarily restricted net assets $773,444 N/A N/A N/A N/A
Permanently restricted net assets $1,186,699 N/A N/A N/A N/A
Total restricted net assets $1,960,143 $2,204,401 $3,345,255 $2,739,876 $4,132,766
Total net assets $8,667,172 $9,229,006 $10,920,273 $10,863,216 $12,034,209

Key data checks

Key data checks info 2019 2020 2021 2022 2023
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Executive Director

Thomas E Moore III

Thomas E. Moore III is the current Executive Director at the American Friends of the Louvre. His primary focus is providing crucial support to the museum's collections, exhibitions, and programs while encouraging cross-cultural connection. A proud native New York, Thomas seamlessly integrates arts and culture into both his personal and professional life. He has held previous roles at the National Academy of Design and New York Road Runners. In 2022, Thomas took on the role of Executive Producer for the documentary series "Who's Behind Black Art," delving into the lives of contemporary Black artists. Thomas also serves on the board of the NYC Chapter of the Association of Fundraising Professionals. He has served as a mentor with New Inc., a mentorship program at the New Museum of Contemporary Art, and served on the Board of Directors at the American Friends of the Louvre prior to his appointment as Executive Director.

Number of employees

Source: IRS Form 990

American Friends of the Louvre

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

American Friends of the Louvre

Board of directors
as of 07/02/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Mr. Christopher Forbes

Forbes, Inc.

Laurence des Cars

Musee du Louvre

Becca Cason Thrash

Patrick A. Gerschel

Victoria Bjorklund

Andrew Barth

Max Blumberg

Manuel Camelo

Fiona M. Cibani

Henri de Castries

Stanislas de Quercize

Christina Eberli

Cynthia Friedman

Joan Kahn

Marc Ladreit de Lacharriere

Francoise Miller

Lionel Sauvage

Naoma Tate

Organizational demographics

SOURCE: Self-reported; last updated 5/28/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
Black/African American
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability