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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
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Programs
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Income Statement
Balance Sheet
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Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$3,269,723

Other
94%
Investments
6%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$2,223,228

Salaries & Benefits
31%
Grants
21%
Fees to Service Providers
20%
Other
14%
Offices, Occupancy & IT
8%
Interest
5%
Benefits to Members
0%
Advertising & Promotion
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,715,000
$0
-100%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$315,324
$204,366
-35%
Other
-$3,831,250
$3,065,357
-180%
Total Revenues
-$1,800,926
$3,269,723
-282%
Expenses
2023
2024
Change
Grants
$662,000
$467,732
-29%
Benefits to Members
$0
$0
-
Salaries & Benefits
$152,372
$694,848
+356%
Fees to Service Providers
$537,342
$455,407
-15%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$126,248
$185,742
+47%
Interest
$1,053,332
$102,808
-90%
Depreciation
$0
$0
-
Other
$413,617
$316,691
-23%
Total Expenses
$2,944,911
$2,223,228
-25%
Net income
2023
2024
Change
Net income
-$4,745,837
+$1,046,495
-122%
Income Statement
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