AMERICAN FOLK ART MUSEUM Charity Report

Public IRS 990 nonprofit record

AMERICAN FOLK ART MUSEUM

EIN 13-1985627 · Arts, Culture & Humanities (A500)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $66.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders37 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

65.00%of revenue went to mission work66.5% of expenses · Program services

10.19%of revenue went to fundraising10.4% of expenses

$97.69spent for every $100 of revenueRevenue covered expenses this year.

22.50%of revenue went to management and office costs23.0% of expenses

$2.86in assets for every $1 spent this yearSome assets cannot be spent right away.

48.2%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $348,836 for JASON T BUSCH (DIRECTOR AND CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$6,148,511

Mission workProgram services$3,996,51465.00% of revenue66.5% of expenses

ManagementOffice and general costs$1,383,30522.50% of revenue23.0% of expenses

FundraisingAsking for donations$626,81010.19% of revenue10.4% of expenses

Revenue left after expensesReported annual surplus$141,8822.31% of revenueShown in gray on the chart

Total expenses$6,006,62997.69% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 66.5% mission · 23.0% management · 10.4% fundraisingTotal expenses: 97.69% of revenue

2023Expense mix: 69.8% mission · 20.3% management · 9.9% fundraisingTotal expenses: 120.29% of revenue

2022Expense mix: 66.4% mission · 19.6% management · 14.1% fundraisingTotal expenses: 56.10% of revenue

2021Expense mix: 65.9% mission · 16.1% management · 18.0% fundraisingTotal expenses: 78.93% of revenue

2020Expense mix: 60.1% mission · 19.0% management · 20.9% fundraisingTotal expenses: 104.06% of revenue

2019Expense mix: 60.5% mission · 20.3% management · 19.2% fundraisingTotal expenses: 105.18% of revenue

2018Expense mix: 67.2% mission · 15.2% management · 17.6% fundraisingTotal expenses: 113.81% of revenue

2017Expense mix: 69.2% mission · 14.0% management · 16.8% fundraisingTotal expenses: 125.78% of revenue

Money in and money out

Revenue$6,148,511

Expenses$6,006,629

Annual surplus $141,882 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,996,514 · 66.5% of expenses

Management and office costs$1,383,305 · 23.0% of expenses

Fundraising$626,810 · 10.4% of expenses

See all reported dollar amounts

Revenue$6,148,511

Expenses$6,006,629

Assets$17,155,441

Income$6,939,313

Contributions$2,966,233

Mission work (program services)$3,996,514

Fundraising$626,810

Management and general$1,383,305

Stocks and bonds$12,833,027

Investing fees$65,289

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JASON T BUSCHDIRECTOR AND CEO · 38 hrs/week $348,836Base $331,886 · Other $16,950

MARK EDENCHIEF FINANCIAL OFFICER · 38 hrs/week $175,317Base $166,163 · Other $9,154

KARLEY A KLOPFENSTEINDEPUTY DIRECTOR AND CHIEF DEVELOPMENT OFFICER · 38 hrs/week $129,233Base $117,907 · Other $11,326

VALERIE ROUSSEAUCURATORIAL CHAIR FOR EXHIBITIONS AND SENIOR CURATO · 38 hrs/week $119,176Base $100,379 · Other $18,797

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (37)

JASON T BUSCHDIRECTOR AND CEO

MARK EDENCHIEF FINANCIAL OFFICER

KARLEY A KLOPFENSTEINDEPUTY DIRECTOR AND CHIEF DEVELOPMENT OFFICER

VALERIE ROUSSEAUCURATORIAL CHAIR FOR EXHIBITIONS AND SENIOR CURATO

LUCY C DANZIGERVICE PRESIDENT

KARIN FIELDINGTRUSTEE

LANA MASORTRUSTEE

LAURA PARSONSTRUSTEE

LAWRENCE B BENENSONTRUSTEE

LEE ANN DILLONTRUSTEE

LESLIE SEEMANTRUSTEE

LUC M VOLATIERTRUSTEE

JOYCE B COWINTRUSTEE

LYBRA CLEMONSTRUSTEE

PETER RAPAPORTTRUSTEE

RAYMONDY THERMIDORTRUSTEE

ROBERTA S TERKOWITZSECRETARY

RODNEY BEARDTRUSTEE

WILLET BRACKEN EVANSTRUSTEE

EDWARD V BLANCHARD JRCHAIRMAN

BEN Z COHENTRUSTEE

BRETT A ROBBINSTREASURER

BRIAN DONNELLYTRUSTEE

BRUCE J WENDELTRUSTEE

CHRISTOPHER GIGIOTRUSTEE

DAVID DELUCATRUSTEE

DENNIS PAUSTENBACHTRUSTEE

EDWARD SHAPIROTRUSTEE

JULIA ALEXANDERTRUSTEE

ELIZABETH V WARRENPRESIDENT

ELLEN BROOKSTRUSTEE

GAIL WRIGHT SIRMANSTRUSTEE

GILL HOLLANDTRUSTEE

JAMES ROHRBACHTRUSTEE

JANE A SHALLATTRUSTEE

JOLIE ALTMANTRUSTEE

BARBARA L GORDONTRUSTEE

About this charity

Recognized since: January 1964
Location: 2 LINCOLN SQUARE, NEW YORK, NY 10023
County: New York
In care of: MARK EDEN
Primary officer: MARK EDEN, CHIEF FINANCIAL OFFICER

How to reach them

WebsiteVisit the charity’s website Emailinfo@folkartmuseum.org Phone(212) 595-9533

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
NTEE classification: Arts, Culture & Humanities (A500)