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French American Museum Exchange Inc

EIN 20-4343950 · Essex, CT

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood71 out of 100GovernanceGood87 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE ORGANIZATION FOSTERS BILATERAL EXCHANGES OF INFORMATION, PERSONNEL, TECHNOLOGY AND RESOURCES BETWEEN A GROUP OF 31 (NORTH AMERICAN (15) AND FRENCH (16)) REGIONAL ART MUSEUMS.

Income
$402,616
Spending
$481,907
Spent on programs
73%
Reserves
20.2 months of spending
Largest source of income
donations and private grants, 84%
Employees
1
Volunteers
49
Highest pay
$102,183, exec directo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 71 out of 100. Higher than 44% of charities in its peer group (arts and culture, $250k to $1m).

  • Reserves

    35 of 35

    Spendable reserves would cover 20.2 months of spending.

  • Debt

    16 of 20

    It owes 18% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 20% of income.

  • Income trend

    5 of 15

    Income fell 15% on the year before.

  • Spending floor

    15 of 15

    73% of spending went to programs and raising each dollar of donations cost 4 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 87 out of 100. Higher than 76% of charities in its peer group (arts and culture, $250k to $1m).

  • Independent board

    25 of 25

    27 of 27 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    12 of 15

    Its accounts were reviewed or compiled by an independent accountant, but not audited.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $320,953 spent. THE ORGANIZATION FOSTERS BILATERAL EXCHANGES OF INFORMATION, PERSONNEL, TECHNOLOGY AND RESOURCES BETWEEN A GROUP OF 31 (NORTH AMERICAN (15) AND FRENCH (16)) REGIONAL ART MUSEUMS.
  2. $672 spent. FRAME FACILITATES EDUCATIONAL INITIATIVES BY MAKING THEIR RESOURCES AVAILABLE TO THE PUBLIC ON BOTH SIDES OF THE ATLANTIC. THE BI-LINGUAL FRAME INITIATIVES ARE INFORMED BY THE PERMANENT COLLECTIONS AT EACH OF THE MEMBER MUSEUMS.
  3. $10,000 spent. THE ORGANIZATION PROVIDED GRANTS TO FIVE (5) MEMBER MUSEUMS FOR PROGRAM PURPOSES.
  4. $20,206 spent. FRAME'S WEBSITE IS THE PRIMARY TOOL FOR THE PRESENTATION OF ITS EXHIBITIONS, PUBLICATIONS, AND EDUCATION PROGRAMS.
  5. FRAME'S WEBSITE IS THE PRIMARY TOOL FOR THE PRESENTATION OF ITS EXHIBITIONS, PUBLICATIONS, AND EDUCATION PROGRAMS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since April 2006.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.