2016-02-15T00:00:00-06:00 2015-06-30 231144520 TAIT WELLER & BAKER LLP 1818 MARKET STREET SUITE 2400 PHILADELPHIA PA 19103 990 2014-07-01 522376786 AMERICAN FRIENDS OF THE LOUVRE INC AMER 9177175037 305 EAST 47TH STREET 10TH FLOOR NEW YORK NY 10017 SUE DEVINE EXECUTIVE DIRECTOR 9177175037 2016-02-16 1 STACY CULLEN P00974308 2159798800 2016-02-16 2014 2016-08-17 19:52:53Z SUE DEVINE 305 EAST 47TH STREET 10TH FLOOR NEW YORK NY 10017 4845199 0 X WWW.AFLOUVRE.ORG X 2002 DE TO SOLICIT FUNDS FOR, MAKE GRANTS TO SUPPORT AND RAISE PUBLIC AWARENESS IN THE UNITED STATES OF THE LOUVRE MUSEUM AND ITS EXTENSIVE COLLECTION OF ART. 16 16 5 16 0 0 726359 1267428 805500 881533 198861 718814 -30401 14025 1700319 2881800 1368202 732868 0 0 463503 420624 0 0 220979 354797 318499 2186502 1471991 -486183 1409809 10007522 10395262 2859943 2333313 7147579 8061949 TO SOLICIT FUNDS FOR, MAKE GRANTS TO SUPPORT AND RAISE PUBLIC AWARENESS IN THE UNITED STATES OF THE LOUVRE MUSEUM AND ITS EXTENSIVE COLLECTION OF ART. 0 0 997168 732868 881533 TO SOLICIT FUNDS FOR, MAKE GRANTS TO SUPPORT, AND RAISE PUBLIC AWARENESS IN THE UNITED STATES OF THE LOUVRE MUSEUM AND ITS EXTENSIVE COLLECTION OF WORKS OF ART. AMERICAN FRIENDS OF THE LOUVRE, ALSO SUPPORTS THE LOUVRE IN ITS EFFORTS TO IMPROVE EDUCATIONAL TOOLS AND VISITING CONDITIONS, PARTICULARLY FOR AMERICAN AND OTHER ENGLISH-SPEAKING VISITORS AND PROMOTES COLLABORATIONS BETWEEN THE LOUVRE AND AMERICAN INSTITUTIONS THROUGH THE DEVELOPMENT OF CULTURAL ACTIVITIES IN THE U.S., SUCH AS EXHIBITIONS, EDUCATIONAL PROGRAMS AND PROFESSIONAL AND SCHOLARLY EXCHANGES. AFL PARTICIPATES IN THE FINANCING OF LOUVRE PROJECTS, SUCH AS RENOVATIONS OF GALLERIES, RESTORATIONS, FELLOWSHIPS, AND EDUCATIONAL PROGRAMS BOTH IN FRANCE AND THE U.S. 997168 1 1 0 0 0 0 0 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 6 0 1 5 1 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY NJ MA GA FL CT CA WA X SUE DEVINE 9177175031 305 EAST 47TH STREET 10TH FLOOR NEW YORK NY 10017 CHRISTOPHER FORBES CHAIRMAN/DIRECTOR 4.00 X X 0 0 0 JEAN-LUC MARTINEZ PRESIDENT/DIRECTOR 1.00 X X 0 0 0 BECCA CASON THRASH VICE CHAIR/DIRECTOR 3.00 X X 0 0 0 PATRICK A GERSCHEL TREASURER/DIRECTOR 1.00 X X 0 0 0 VICTORIA B BJORKLUND SECRETARY/DIRECTOR 1.00 X X 0 0 0 MAX BLUMBERG DIRECTOR 0.20 X 0 0 0 VICTORIA CUMMOCK DIRECTOR 0.10 X 0 0 0 HENRI DE CASTRIES DIRECTOR 0.10 X 0 0 0 MARC LADREIT DE LACHARRIERE DIRECTOR 0.10 X 0 0 0 CARL PASCARELLA DIRECTOR 0.10 X 0 0 0 HIH PRINCESS NAPOLEON DIRECTOR 0.10 X 0 0 0 JOAN KAHN DIRECTOR 0.10 X 0 0 0 ADAM PRESS DIRECTOR 0.10 X 0 0 0 MICHAEL SPALTER DIRECTOR 0.10 X 0 0 0 LIONEL SAUVAGE DIRECTOR 0.10 X 0 0 0 ANDREW BARTH DIRECTOR 0.10 X 0 0 0 SUE DEVINE EXECUTIVE DIRECTOR 40.00 X 210000 0 22475 210000 0 22475 1 0 1 0 0 151408 1116020 546515 1267428 MEMBERSHIPS 900099 881533 881533 881533 76433 76433 2494903 1852522 642381 642381 642381 124902 151408 110877 14025 14025 2881800 881533 0 732839 732868 732868 232590 77530 77530 77530 142008 47336 47336 47336 6447 2149 2149 2149 18624 6208 6208 6208 20955 6985 6985 6985 9072 9072 10500 10500 7947 2649 2649 2649 36062 17518 8772 9772 2760 920 920 920 73800 24600 24600 24600 27720 9240 9240 9240 98282 58540 10609 29133 7499 567 6365 567 REGISTRATION AND OTHER 26212 26212 CONTINGENCIES 7223 6225 499 499 MEMBERSHIP BENEFITS 4092 1364 1364 1364 STAFF DEVELOPMENT 2214 738 738 738 5116 1731 2096 1289 1471991 997168 253844 220979 1617498 2214256 2013841 1663859 6000 6180 3005183 3045967 3365000 3465000 10007522 10395262 36117 40788 2823826 2292525 2859943 2333313 X 6618949 6948510 80477 129438 448153 984001 7147579 8061949 10007522 10395262 1409809 -495439 0 X 0 1 X 0 0 X 9005060 943840 7223315 726359 1267428 19166002 9005060 943840 7223315 726359 1267428 19166002 9941091 9224911 16596 4920 33433 176990 76433 308372 19474374 6706300 0.47370 0.47650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 1 3190458 535848 221013 180260 3767059 1907932 1282526 3190458 1585112 402317 79497 1907932 1457464 179191 51543 1585112 1410812 98056 51404 1457464 0.70440 0.26120 0.03440 0 0 0 DONATED ARTWORK 3447000 OTHER ASSETS 18000 3465000 X 2386361 -495439 -495439 2881800 0 2881800 1471991 0 1471991 0 1471991 PART III, LINE 4: THE ORGANIZATION HAS A COLLECTION OF WORKS OF ART, INCLUDING PAINTINGS AND DECORATIVE ARTS, CREATED BY ARTISTS BEFORE 1850. IT ALSO HAS A COLLECTION OF ARCHIVAL MATERIALS ON EUROPEAN ARTISTS FROM THIS PERIOD. THESE WORKS AND ARCHIVAL MATERIALS HAVE BEEN ACQUIRED THROUGH DONATIONS FROM INDIVIDUALS. PART X, LINE 2: MANAGEMENT HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN TAX YEARS (2012-2014) OR EXPECTED TO BE TAKEN IN AFL'S 2015 TAX RETURN AND HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. 1 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION. GRANTS TO SUPPORT VARIOUS PROJECTS RELATED TO THE LOUVRE IN PARIS, FRANCE. 732868 0 0 0 0 0 0 732868 0 732868 EUROPE (INCLUDING ICELAND AND GREENLAND) OTHER LOUVRE PROJECTS. 14963 WIRE TRANSFER. EUROPE (INCLUDING ICELAND AND GREENLAND) WRIGHTSMAN TABLE. 400000 WIRE TRANSFER. EUROPE (INCLUDING ICELAND AND GREENLAND) INTERNATIONAL COUNCIL GRANT FOR BRIEF HISTORY OF FUTURE EXHIBIT. 256000 WIRE TRANSFER. EUROPE (INCLUDING ICELAND AND GREENLAND) TESCHEN TABLE. 15325 WIRE TRANSFER. EUROPE (INCLUDING ICELAND AND GREENLAND) YVONNE RAINER PERFORMANCE. 15750 WIRE TRANSFER. EUROPE (INCLUDING ICELAND AND GREENLAND) EDUCATION TOURS OF THE LOUVRE. 5190 WIRE TRANSFER. EUROPE (INCLUDING ICELAND AND GREENLAND) LES AMIS DU LOUVRE EVENT. 10640 WIRE TRANSFER. EUROPE (INCLUDING ICELAND AND GREENLAND) INTERNATIONAL COUNCIL GRANT. 15000 PLEDGED IN FY 15 WITH PAYMENT TO BE MADE IN FY16. 1 0 0 0 0 0 0 0 PART I, LINE 2: FOR EACH GRANT MADE BY THE ORGANIZATION, THE FOLLOWING TWO ARTICLES ARE INCLUDED IN THE GRANT AGREEMENT WITH THE GRANTEE WHICH REFLECT HOW THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS OUTSIDE OF THE UNITED STATES: 1). THE [GRANTEE] SHALL SUBMIT A WRITTEN REPORT TO AFL'S BOARD OF DIRECTORS ON OR AFTER [DATE] OF THE YEAR FOLLOWING THE FINAL EXPENDITURE OF THE GRANT FUNDS FOR THE PROJECT. IF THE GRANT FUNDS ARE EXPENDED FOR THE PROJECT OVER A PERIOD OF TIME THAT EXCEEDS ONE YEAR, THE [GRANTEE] SHALL FURNISH INTERIM REPORTS ON OR AFTER [DATE] OF EACH YEAR DURING WHICH GRANT FUNDS ARE OUTSTANDING, IN ADDITION TO FURNISHING THE REPORT DUE AFTER FINAL EXPENDITURE OF THE GRANT FUNDS. THESE REPORTS SHOULD BE SUBSTANTIALLY IN THE FORM OF THE ATTACHED ANNUAL REPORT AND SHOULD CONTAIN: (A) AN ATTESTATION AS TO THE APPROPRIATE USE OF THE GRANT FUNDS BY THE [GRANTEE] SIGNED BY AN AUTHORIZED INDIVIDUAL OF THE [GRANTEE] AND (B) AN ANALYSIS OF THE SUCCESS OF THE PROJECT, WITH A DESCRIPTION OF HOW IT WAS CARRIED OUT. 2). AFL MAY MONITOR THE PROGRESS OF THE PROJECT (INCLUDING BY MAKING SITE VISITS), INQUIRE ABOUT THE PROJECT, ITS IMPLEMENTATION, AND FINANCES WITH REPRESENTATIVES OF THE [GRANTEE], AND REVIEW RECORDS AND OTHER MATERIAL, INCLUDING FINANCIAL RECORDS, CONNECTED WITH THE PROJECT. YOUNG PATRONS CIRCLE 75499 37338 38161 19588 27694 800 5141 PALM BEACH GALA 99200 57100 42100 800 4631 2 101611 56970 44641 40600 7807 3819 276310 151408 124902 60188 35501 1600 13591 110880 14022 X X X 0 0 0 0 0 0 0 0 0 SUE DEVINE EXECUTIVE DIRECTOR 210000 0 0 0 0 0 14700 0 7775 0 232475 0 0 0 X 1 500000 FMV X 18TH CENTURY TRIP TO PARIS 2 40600 FMV X STUDIO TOUR AND CLASS 1 5000 FMV X FRENCH COURSE 1 615 FMV X PRIVATE TOUR OF THE LOUVRE 1 300 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FORM 990 IS PROVIDED TO THE CHAIRMAN AND SECRETARY OF THE BOARD AND THE EXECUTIVE DIRECTOR FOR THEIR REVIEW. A COPY OF THE FINAL FORM 990 IS THEN PROVIDED TO EACH BOARD MEMBER PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MAILS OUT A FORM ONCE A YEAR ASKING BOARD MEMBERS TO DISCLOSE ANY CONFLICTS OF INTEREST IN WRITING. THEY ARE REQUIRED TO SIGN THE FORM AND RETURN IT TO THE ORGANIZATION'S OFFICE WHERE THE FORMS ARE KEPT ON FILE. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE CONDUCTS AN ANNUAL PERFORMANCE EVALUATION OF THE EXECUTIVE DIRECTOR AND SETS COMPENSATION IN ACCORDANCE WITH THE REBUTTABLE PRESUMPTION PROCEDURE OF THE INTERMEDIATE SANCTIONS RULES SET FORTH IN CODE SECTION 4958 AND THE CONFLICT OF INTEREST PROVISIONS OF SECTION 144 OF THE DELAWARE GENERAL CORPORATION LAW. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE.