Albertine Foundation
Nonprofit profile at a glance
- EIN
- 136165672
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 2124391449
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Cultural, Ethnic Awareness
Reported finances
- Revenue
- $5,648,156
- Expenses
- $4,760,501
- Assets
- $8,997,126
- Liabilities
- $77,733
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- LAURENT AUFFRET (EXECUTIVE DIRECTOR)
Highest reported compensation
- LAURENT AUFFRET (EXECUTIVE DIRECTOR): $125,195 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Albertine foundation is an american nonprofit organization dedicated to supporting french-american relations through innovative cultural and educational projects. Albertine foundation promotes artistic, literary and educational exchange and collaboration between creative professionals from both countries. With additional corporate, foundation, and individual support, albertine foundation administers grant programs in the performing and visual arts, cinema, translation, and secondary and higher education, while providing financial sponsorship to french-american festivals and other cultural initiatives. Albertine foundation focuses on new and recent work of living artists and the promotion of bilingualism and the french language.
What it reported doing in 2024
Etant donnes Contemporary Art aims to strengthen ties between France and the U.S. in the field of contemporary art by fostering active collaboration and encouraging long-lasting partnerships between French visual artists, curators, and collectives and American curators and cultural institutions. The fund supports the discovery of emerging talents, while also sustaining interest in established artists.
Operating model
- Revenue model
- Donor-supported. 75% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 47% for direct work, and 53% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 87
- Accountability: 100
- Sustainability: 70
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.3%; rating input score 77
- Program expense ratio: 91%; rating input score 91
- Fundraising efficiency: $34.32 raised per $1 spent on fundraising; rating input score 72; 72nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: 3 of 8 controls in place; rating input score 38
- Claims monitoring procedures: Pass
- Requires narrative reports: Pass
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Pass
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 15.7%; rating input score 72; 72nd percentile among comparable filings
- Total-asset coverage ratio: 1.89; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 86; 86th percentile among comparable filings
- Officer compensation ratio: 2.6%; rating input score 72; 72nd percentile among comparable filings
Growth
- Program expense growth: 8.6% per year; rating input score 100; 58th percentile among comparable filings
- Revenue growth: 3.5% per year; rating input score 100; 30th percentile among comparable filings
- Asset growth: 3.3% per year; rating input score 100; 26th percentile among comparable filings
Details
- Where the money goes: 77.3% of revenue deployed · 91% of spending went to programs
- Governance: 21 of 21 board members independent · 8 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $4.3M in reported program spending
- Leadership: top reported pay $125K · 21 people listed
- Consistency: 38 of 38 current checks pass
- Schedules: 6 filed schedules · includes major donors, foreign activity, and grants
- Filing history: 10 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 103 filed money-flow records
- Related organizations: 100 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Transparency & Controls: Foreign activity oversight: 5 of 8 not reported.