American Friends of the Paris Opera and Ballet Inc

What it reported doing in 2024

Our primary mission is to share the many treasures of the paris opra directly with the american audiences and foster cultural and artistic exchanges between the united states and france. Since its inception, afpob has facilitated numerous tours by the paris opera, the opera ballet, and the acadmie as well as arranged u.s. Appearances by artists affiliated with the paris opera. Concurrently, afpob has brought many works to paris, showcasing american artists such as jerome robbins, trisha brown, william christie, peter sellars, and robert wilson. Additionally, afpob regularly organizes trips to paris for its patrons, providing them with an opportunity to immerse themselves in france's cultural richness, along with traveling exhibitions, soires, and galas.one of our core objectives is to build cultural bridges between the paris opera, american audiences, and artists. Today, afpob embodies the significance of promoting franco-american friendship and cultural exchange between these two countries through the arts. We achieve this through a vibrant and dynamic program of artistic and educational exchanges, patrons' trips, and special events throughout the year.we offer individuals the opportunity to become more involved in the diverse projects and programs of the paris opera, including scholarships and exchange programs. Additionally, supporters can underwrite opera or choreography productions, contribute to renovations, and participate in major paris opera events.

Financial Efficiency

• Mission deployment rate: 59.3%; rating input score 59
• Program expense ratio: 95.8%; rating input score 96
• Fundraising efficiency: $98.2 raised per $1 spent on fundraising; rating input score 86; 86th percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.3%; rating input score 93; 17th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: 1 of 8 controls in place; rating input score 12
  • Claims monitoring procedures: Pass
  • Requires narrative reports: Limited
  • Conducts field audits: Limited
  • May suspend future funding: Limited
  • Requires financial reports: Limited
  • Conducts site visits: Limited
  • Requires grant agreements: Limited
  • May require repayment: Limited
• Grant itemization coverage: 50%; rating input score 50; 15th 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: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 39%; rating input score 89; 89th percentile among comparable filings
• Total-asset coverage ratio: 1.37; rating input score 48; 48th percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 84; 84th percentile among comparable filings
• Officer compensation ratio: 5.6%; rating input score 50; 50th percentile among comparable filings

Growth

• Program expense growth: 15.1% per year; rating input score 100; 78th percentile among comparable filings
• Revenue growth: 20.1% per year; rating input score 100; 88th percentile among comparable filings
• Asset growth: 15.6% per year; rating input score 100; 76th percentile among comparable filings