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FORMAN ARTS INITIATIVE INC

FORMAN ARTS INITIATIVE INC

Philadelphia, PA, US
•
501(c)3
•
EIN
83-2902185
•
HTTPS://FORMANARTSINITIATIVE.ORG
•
Private Operating Foundation
Private Foundation
Family Foundation
Regional Funder
funder logo

FORMAN ARTS INITIATIVE INC

Philadelphia, PA, US
•
501(c)3
•
EIN
83-2902185
•
HTTPS://FORMANARTSINITIATIVE.ORG
•
Private Operating Foundation
Private Foundation
Family Foundation
Regional Funder
Overview
Programs
990s
Income Statement
Balance Sheet
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Balance Sheet

Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)

$86,416,547

Other Assets
73%
Investments
17%
Cash & Equivalents
10%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Property, Plant, & Equipment (net)
0%
Liabilities in 2024 (Year End)

$442,597

Other Liabilities
49%
Payables & Accruals
36%
Grants Payable
16%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Tax-Exempt Bond Liabilities
N/A
Custodial & Escrow Liabilities
N/A
Assets
2023
2024
Change
Cash & Equivalents
$205,862
$8,614,287
+4084%
Receivables (Non-Related)
$1,405
$32,514
+2214%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$13,487,015
$14,819,746
+10%
Property, Plant, & Equipment (net)
-
-
-
Other Assets
$69,850,000
$62,950,000
-10%
Total Assets
$83,544,282
$86,416,547
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$130,002
$157,634
+21%
Grants Payable
$340,000
$70,000
-79%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
N/A
N/A
N/A
Custodial & Escrow Liabilities
N/A
N/A
N/A
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$226,825
$214,963
-5%
Total Liabilities
$696,827
$442,597
-36%
Net assets
2023
2024
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2023
2024
Change
Net assets
+$82,847,455
+$85,973,950
+4%
Balance Sheet
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