PROPUBLICA Fearless Reporting for an Informed Society — Join Us.
DONATE
Skip to content
ProPublica Donate
ProPublica Donate

American Friends Of Masterworks Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: International, Foreign Affairs and National Security / Fund Raising and/or Fund Distribution (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$655k (2023)

Expenses
$407k (2023)

Total Assets
$276k (2023)

Total Liabilities
$5k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$654,860
Expenses
$406,600
Net Income
$248,260
Net Assets
$270,557
Notable Sources of Revenue Percent of Total Revenue
Contributions $654,860
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $275,557
Total Liabilities $5,000
Net Assets $270,557
Compensation
Key Employees and Officers Compensation Related Other
Anne S Williams (Board Member) $0 $0 $0
Claudia Wardman (Board Member) $0 $0 $0
Pam Goldie Morrison (Board Member) $0 $0 $0
Elinor J Ferdon (Board Emeritus) $0 $0 $0
Susan E Menconi (Board Member) $0 $0 $0
Ashley Dunne (Board Member) $0 $0 $0
Stephanie Sebesta (Board Member) $0 $0 $0
Charlotte Sullivan (Secretary) $0 $0 $0
Betty Krulik (Treasurer) $0 $0 $0
Katharine Haines (Asst. Treasurer) $0 $0 $0
Mary Ellen Snow (Chairwoman) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$135,491
Expenses
$157,522
Net Income
-$22,031
Net Assets
$22,297
Notable Sources of Revenue Percent of Total Revenue
Contributions $135,491
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $22,297
Total Liabilities $0
Net Assets $22,297
Compensation
Key Employees and Officers Compensation Related Other
Anne S Williams (Board Member) $0 $0 $0
Claudia Wardman (Board Member) $0 $0 $0
Pam Goldie Morrison (Board Member) $0 $0 $0
Elinor J Ferdon (Board Emritus) $0 $0 $0
Susan E Menconi (Board Member) $0 $0 $0
Ashley Dunne (Board Member) $0 $0 $0
Stephanie Sebesta (Board Member) $0 $0 $0
Charlotte Sullivan (Secretary) $0 $0 $0
Betty Krulik (Treasurer) $0 $0 $0
Katharine Haines (Asst. Treasurer) $0 $0 $0
Mary Ellen Snow (Chairwoman) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$429,804
Expenses
$543,052
Net Income
-$113,248
Net Assets
$44,328
Notable Sources of Revenue Percent of Total Revenue
Contributions $424,851
98.8%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,953
1.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $44,328
Total Liabilities $0
Net Assets $44,328
Compensation
Key Employees and Officers Compensation Related Other
Anne S Williams (Board Member) $0 $0 $0
Claudia Wardman (Board Member) $0 $0 $0
Pam Goldie Morrison (Board Member) $0 $0 $0
Elinor J Ferdon (Board Member) $0 $0 $0
Mary Ellen Snow (Chairwoman) $0 $0 $0
Susan E Menconi (Board Member) $0 $0 $0
Ashley Dunne (Board Member) $0 $0 $0
Carole Reed (Board Member) $0 $0 $0
Charlotte Sullivan (Secretary) $0 $0 $0
Betty Krulik (Treasurer) $0 $0 $0
Katharine Haines (Asst. Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$864,090
Expenses
$718,250
Net Income
$145,840
Net Assets
$157,576
Notable Sources of Revenue Percent of Total Revenue
Contributions $862,465
99.8%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $1,625
0.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $157,576
Total Liabilities $0
Net Assets $157,576
Compensation
Key Employees and Officers Compensation Related Other
Anne S Williams (Board Member) $0 $0 $0
Claudia Wardman (Board Member) $0 $0 $0
Pam Goldie Morrison (Board Member) $0 $0 $0
Elinor J Ferdon (Board Member) $0 $0 $0
Mary Ellen Snow (Chairwoman) $0 $0 $0
Susan E Menconi (Board Member) $0 $0 $0
Ashley Dunne (Board Member) $0 $0 $0
Charlotte Sullivan (Secretary) $0 $0 $0
Betty Krulik (Treasurer) $0 $0 $0
Katharine Haines (Asst. Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$527,778
Expenses
$521,461
Net Income
$6,317
Net Assets
$11,736
Notable Sources of Revenue Percent of Total Revenue
Contributions $527,778
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $11,736
Total Liabilities $0
Net Assets $11,736
Compensation
Key Employees and Officers Compensation Related Other
Anne S Williams (Board Member) $0 $0 $0
Claudia Wardman (Board Member) $0 $0 $0
Pam Goldie Morrison (Board Member) $0 $0 $0
Maryelli Johnson (Board Member) $0 $0 $0
Mary Ellen Snow (President) $0 $0 $0
Charlotte Sullivan (Board Member) $0 $0 $0
Patricia Tenney (Board Member) $0 $0 $0
Susan E Menconi (Secretary) $0 $0 $0
Betty Krulik (Treasurer) $0 $0 $0
Katharine Haines (Asst. Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$522,905
Expenses
$578,369
Net Income
-$55,464
Net Assets
$5,419
Notable Sources of Revenue Percent of Total Revenue
Contributions $522,905
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,419
Total Liabilities $0
Net Assets $5,419
Compensation
Key Employees and Officers Compensation Related Other
Anne S Williams (Board Member) $0 $0 $0
Elinor J Ferdon (Emeritae) $0 $0 $0
Claudia Wardman (Board Member) $0 $0 $0
Pam Goldie Morrison (Board Member) $0 $0 $0
Maryelli Johnston (Board Member) $0 $0 $0
Mary Ellen Snow (President) $0 $0 $0
Susan E Menconi (Vice President) $0 $0 $0
Betty Krulik (Secretary) $0 $0 $0
Katharine Haines (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$365,290
Expenses
$347,313
Net Income
$17,977
Net Assets
$60,883
Notable Sources of Revenue Percent of Total Revenue
Contributions $365,290
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $60,883
Total Liabilities $0
Net Assets $60,883
Compensation
Key Employees and Officers Compensation Related Other
Anne S Williams (Board Member) $0 $0 $0
Elinor J Ferdon (Emeritae) $0 $0 $0
Claudia Wardman (Board Member) $0 $0 $0
Pam Goldie Morrison (Board Member) $0 $0 $0
Maryelli Johnston (Board Member) $0 $0 $0
Mary Ellen Snow (President) $0 $0 $0
Susan E Menconi (Vice President) $0 $0 $0
Betty Krulik (Secretary) $0 $0 $0
Katharine Haines (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$119,565
Expenses
$122,560
Net Income
-$2,995
Net Assets
$42,906
Notable Sources of Revenue Percent of Total Revenue
Contributions $119,565
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $42,956
Total Liabilities $50
Net Assets $42,906
Compensation
Key Employees and Officers Compensation Related Other
Martin J Merritt (Director) $0 $0 $0
Anne S Williams (Board Member) $0 $0 $0
Elinor J Ferdon (Emeritae) $0 $0 $0
Joyce Heinzerling (Board Member) $0 $0 $0
Claudia Wardman (Board Member) $0 $0 $0
Pam Goldie Morrison (Board Member) $0 $0 $0
Maryelli Johnston (Board Member) $0 $0 $0
Mary Ellen Snow (President) $0 $0 $0
Suzanne Schultz (Board Member) $0 $0 $0
Susan E Menconi (Vice President) $0 $0 $0
Betty Krulick (Secretary) $0 $0 $0
Katharine Haines (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$174,655
Expenses
$154,490
Net Income
$20,165
Net Assets
$45,901
Notable Sources of Revenue Percent of Total Revenue
Contributions $174,655
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $45,951
Total Liabilities $50
Net Assets $45,901
Compensation
Key Employees and Officers Compensation Related Other
Martin J Merritt (Director) $0 $0 $0
Anne S Williams (Board Member) $0 $0 $0
Joyce Heinzerling (Board Member) $0 $0 $0
Claudia Wardman (Board Member) $0 $0 $0
Pam Goldie Morrison (Board Member) $0 $0 $0
Maryelli Johnston (Board Member) $0 $0 $0
Mary Ellen Snow (Board Member) $0 $0 $0
Susan E Menconi (Vice President) $0 $0 $0
Betty Krulick (Secretary) $0 $0 $0
Ellie Ferdon (President) $0 $0 $0
Katharine Haines (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$407,570
Expenses
$395,947
Net Income
$11,623
Net Assets
$25,736
Notable Sources of Revenue Percent of Total Revenue
Contributions $407,570
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $25,736
Total Liabilities $0
Net Assets $25,736
Compensation
Key Employees and Officers Compensation Related Other
Martin J Merritt (Director) $0 $0 $0
Anne S Williams (Board Member) $0 $0 $0
Joyce Heinzerling (Board Member) $0 $0 $0
Claudia Wardman (Board Member) $0 $0 $0
Pam Goldie Morrison (Board Member) $0 $0 $0
Maryelli Johnston (Board Member) $0 $0 $0
Mary Ellen Snow (Board Member) $0 $0 $0
Susan E Menconi (Vice President) $0 $0 $0
Betty Krulick (Secretary) $0 $0 $0
Ellie Ferdon (President) $0 $0 $0
Katharine Haines (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$207,153
Expenses
$299,733
Net Income
-$92,580
Net Assets
$14,113
Notable Sources of Revenue Percent of Total Revenue
Contributions $207,132
100.0%
Program Services $0
Investment Income $21
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $144,934
Total Liabilities $130,821
Net Assets $14,113
Compensation
Key Employees and Officers Compensation Related Other
Martin J Merritt (Director) $0 $0 $0
Anne S Williams (Board Member) $0 $0 $0
Betty Krulick (Secretary) $0 $0 $0
Ellie Ferdon (President) $0 $0 $0
Kitty Haines (Treasurer) $0 $0 $0
Joyce Heinzerling (Board Member) $0 $0 $0
Maureen Mccarron (Board Member) $0 $0 $0
Joe Kelly (Board Member) $0 $0 $0
Claudia Wardman (Board Member) $0 $0 $0
Pam Goldie Morrison (Board Member) $0 $0 $0
Maryelli Johnston (Board Member) $0 $0 $0
Mary Ellen Snow (Board Member) $0 $0 $0
Susan E Menconi (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$450,970
Expenses
$380,789
Net Income
$70,181
Net Assets
$106,693
Notable Sources of Revenue Percent of Total Revenue
Contributions $445,870
98.9%
Program Services $0
Investment Income $25
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $5,075
1.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $106,693
Total Liabilities $0
Net Assets $106,693

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$307,299
Expenses
$403,291
Net Income
-$95,992
Net Assets
$36,512
Notable Sources of Revenue Percent of Total Revenue
Contributions $314,005
> 100%
Program Services $0
Investment Income $415
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$7,470
Sales of Assets $349
0.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $166,512
Total Liabilities $130,000
Net Assets $36,512

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »