| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES | 12,200 | 0 | 0 | 12,200 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| PAGE 7, PART IX-A, SUMMARY OF CHARITABLE ACTIVITIES | AFSM SUMMARY OF CHARITABLE ACTIVITIES 2020THE YEAR OF 2020 BEGAN WITH THE AMERICAN FOUNDATION MOURNING THE LOSS OF LONG-TIME PRESIDENT AND BENEFACTRESS, MERILYN PHILLIPS HODGSON. SHE WILL BE SORELY MISSED BY THE AFSM TEAM AS WELL AS THE WORLD-WIDE ARCHAEOLOGICAL COMMUNITY AND HER MANY FRIENDS IN YEMEN AND ABOUT THE GLOBE WHOM SHE INFLUENCED GREATLY WITH HER DETERMINED PERSEVERANCE AND POSITIVE OUTLOOK.IN FEBRUARY, THE BOARD AND OFFICERS OF THE AFSM CONVENED AT THE ORGANIZATION'S FALLS CHURCH OFFICE. DR. ZAYDOON ZAID WAS ELECTED PRESIDENT OF THE AFSM AND WAS HONORED TO BE ABLE TO CARRY OUT MERILYN'S WISHES FOR THE ORGANIZATION. THROUGHOUT THAT MONTH, ZAYDOON ATTENDED MEETINGS WITH VARIOUS STAFF MEMBERS OF THE ARTHUR M. SACKLER GALLERY (NOW CALLED THE NATIONAL MUSEUM OF ASIAN ART) AS WELL AS THE J.M. KAPLAN FUND REGARDING THE RENCONTRES SABENNES (RS24) CONFERENCE TO BE HELD IN AMMAN IN JUNE. BOTH ORGANIZATIONS SIGNED ON ADMINISTRATIVELY AND FINANCIALLY TO SUPPORT THE EVENT AND TO FACILITATE EDUCATIONAL OPPORTUNITIES OFFERED TO YEMENI SCHOLARS IN THE REGION.IN EARLY MARCH, ZAYDOON ATTENDED MEETINGS WITH THE UNIVERSITY OF JORDAN, CAORC, AND THE DEPARTMENT OF ANTIQUITIES AND OTHER OFFICIALS FOR THE CONTINUED PLANNING FOR THE RENCONTRES SABENNES (RS24) TO BE HOSTED BY AFSM, NOW IN MEMORY OF MERILYN PHILLIPS HODGSON. UNFORTUNATELY, COVID STRUCK WORLDWIDE AND REQUIRED THE RS24 SCHEDULED DATES IN JUNE 2020 TO BE POSTPONED. THE FORCED LOCKDOWN OF ACTIVITIES AND TRAVEL DUE TO COVID 19 WAS A CHALLENGE; BUT IT DID NOT PREVENT DISCUSSIONS FROM CONTINUING REGARDING THE PROTECTION OF ANTIQUITIES AND THE CULTURAL PRESERVATION EFFORTS WITH CAORC AND THE SMITHSONIAN CULTURAL RESCUE INITIATIVE. A NEW TRAINING PROGRAM TO SUPPORT YEMEN'S CULTURAL HERITAGE AND MUSEUM PROFESSIONALS CONTINUES TO BE DEVELOPED BY THIS GROUP, LED BY STACY BOWE, TRAINING PROGRAM MANAGER AND LIZ KIRBY, DIRECTOR OF STRATEGIC PARTNERSHIPS AND COMMUNICATIONS. ZAYDOON TRAVELED BACK TO AMMAN IN SEPTEMBER FOR MORE MEETINGS TO SET NEW DATES FOR RS24 FOR 2021. ONCE TRAVEL RESTRICTIONS WERE LESSENED IN NOVEMBER, HE RETURNED TO THE US.FOLLOWING HIS ARRIVAL IN THE US, ZAYDOON MET WITH DR. ANTONIETTA CATANZARITI, THE ROBERT AND ARLENE KOGOD SECRETARIAL SCHOLAR AND ASSISTANT CURATOR FOR THE ANCIENT NEAR EAST, AT THE SMITHSONIAN'S NATIONAL MUSEUM OF ASIAN ART. THE TWO DISCUSSED IDEAS ABOUT THE FOUNDATION AND THE SMITHSONIAN GALLERIES WORKING TOGETHER IN THE FUTURE.WORK ON THE ARCHIVES OF THE FOUNDATION BEGAN AND WILL CONTINUE INDEFINITELY GIVEN THE LARGE VOLUME OF MATERIAL. THE AFSM AND THE SCIENTIFIC AND CULTURAL HISTORY COMMUNITY LOST AN IMPORTANT ASSOCIATE INVOLVED IN THE DISCOVERY, EDUCATION AND PRESERVATION OF THE HERITAGE OF YEMEN. MOHANAD AL-SAYANI, THE PRESIDENT OF GENERAL ORGANIZATION OF ANTIQUITIES AND MUSEUMS (GOAM) FOR YEMEN DIED SUDDENLY IN AUGUST 2020. MOHANAD HAD PREVIOUSLY SUPPORTED THE EUROPEAN AND AMERICAN EXHIBITION OF YEMENI ARTIFACTS, MANY OF WHICH WERE ON LOAN FOR THE TOUR FROM THE AFSM, PRIOR TO ELEVATING TO THE POSITION OF PRESIDENT WITH GOAM. WHILE WITH GOAM, HE MANAGED THE AGREEMENT FOR THE ARCHAEOLOGICAL CONCESSION IN MARIB, HELD BY THE AMERICAN FOUNDATION FOR THE STUDY OF MAN. THE FOUNDATION MOURNS THIS SUDDEN LOSS. ZAYDOON WAS ASKED BY YEMEN'S MINISTER OF CULTURE, HE MARWAN DAMMAJ, TO CONSULT ON THE PROCESS OF ADDING MARIB TO THE UNESCO WORLD HERITAGE SITE LIST AS THE KINGDOM OF SABAEAN CULTURE. FOR THIS PURPOSE, A COMMITTEE OF EXPERTS WAS ESTABLISHED TO PURSUE THAT GOAL.THE ANTIQUITIES COALITION CONTINUED ITS COLLABORATION AND DISCUSSIONS WITH THE AFSM REGARDING THE PROTECTION OF ANTIQUITIES. NETWORKING AND COLLABORATING WITH THESE ORGANIZATIONS WILL BE ONGOING FOR THE AFSM IN ORDER TO STRENGTHEN THE MISSION OF ALL INVOLVED IN THE WORLD OF CULTURAL HERITAGE PRESERVATION. |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| UBS CORPORATE STOCK | 99,765 | 162,086 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| UBS MUTUAL FUNDS- EQUITIES | AT COST | 232,537 | 276,426 |
| UBS MUTUAL FUNDS- FIXED INCOME | AT COST | 142,351 | 144,626 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| CAMERA | 2,095 | 2,095 | 0 | |
| 100.15 ACRES OF LAND | 910,000 | 0 | 910,000 |
| Description | Amount |
|---|---|
| UNREALIZED LOSS ON INVESTMENTS | 113,328 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FARMERS (GREENBELT PROJECT) | 2,944 | 0 | 0 | 2,944 |
| WATER (GREENBELT PROJECT) | 1,400 | 0 | 0 | 1,400 |
| GUARDS | 1,024 | 0 | 0 | 1,024 |
| DUES AND SUBSCRIPTIONS | 225 | 0 | 0 | 225 |
| INSURANCE | 1,587 | 0 | 0 | 1,587 |
| ELECTRIC | 802 | 0 | 0 | 802 |
| TELEPHONE | 1,035 | 0 | 0 | 1,035 |
| SUPPLIES | 195 | 0 | 0 | 195 |
| BANK FEES | 618 | 175 | 0 | 443 |
| MISC | 282 | 0 | 0 | 282 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONTRACT LABOR | 5,632 | 0 | 0 | 5,632 |
| CONSULTING | 60,000 | 0 | 0 | 60,000 |
| CT CORP REGISTERED AGENT | 329 | 0 | 0 | 329 |