Hermitage Museum Foundation (USA) Inc C/o Jackie Connor - White and Case Llp

Nonprofit profile at a glance

EIN
133777395
IRS 990-EZ coverage
2018–2020
Forms available
Form 990-EZ 2020
Location
New York, NY, USA
Phone
3123166022
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
International Cultural Exchange

Official website

Reported finances

Revenue
$194,098
Expenses
$211,230
Assets
$28,603
Liabilities
$41,351

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • PETER L SCHAFFER (PRESIDENT - RESIGNED 5/1/2022)
  • SARANNA BIEL-COHEN (EXECUTIVE DIRECTOR)

People named in this filing

  • LYNDSAY C HOWARD (DIRECTOR - RESIGNED 12/202)
  • THIERRY MOREL (DIRECTOR)
  • JOACHIM PISARRO (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To contribute to the preservation and promotion of the hermitage museum in st. Petersburg, russia.

What it reported doing in 2020

The hermitage museum foundation (USA), inc., formally known as the american friends of the state hermitage museum, inc. ("hmf") was first established in New York in 1994. Today, hmf contributes to the preservation and promotion of the rich cultural heritage of the hermitage museum in st. Petersburg, russia (the "museum"), its more than three million objects, and the museum's historic buildings.hmf supports the museum's collections, as well as its artistic and educational missions. Hmf sponsors restorations, exhibitions of american art, private curatorial tours, member trips, concerts, film screenings, and lectures. It works closely with other foundations, museums, and businesses in the united states supporting the museum and advancing russian-american cultural diplomacy.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 100
  • Sustainability: 12
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.4%; rating input score 85
  • Program expense ratio: 78.5%; rating input score 78

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -8.8%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 0.14; rating input score 10; 10th percentile among comparable filings
  • Liabilities to assets ratio: 1.45; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 17%; rating input score 24; 24th percentile among comparable filings

Growth

  • Program expense growth: 68.7% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 101.4% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 54% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 85.4% of revenue deployed · 78.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $166K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2018 to 2020
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • High — Sustainability: Operating margin scored 13/100.
  • High — Sustainability: Total-asset coverage ratio scored 10/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.
  • High — Sustainability: Officer compensation ratio scored 24/100.