Philadelphias Magic Gardens
- Assets
- $4.1m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 24
- Location
- Philadelphia, PA
- Founding
- 12/2004
- Data as of
- 12/2022
- EIN
- 20-1440309
Organization Overview
Philadelphias Magic Gardens is located in Philadelphia, PA. The organization was established in 2004. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Philadelphias Magic Gardens employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philadelphias Magic Gardens is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Philadelphias Magic Gardens generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 10.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE, INTERPRET & PROVIDE ACCESS TO ISAIAH ZAGAR'S UNIQUE MOSAIC ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESERVE, INTERPRET AND PROTECT THE ARTWORKS OF ISAIAH ZAGAR, EDUCATE THE PUBLIC ABOUT MOSAIC, FOLK AND VISIONARY ART AND FOSTER COMMUNITY ENGAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Acosta Director | Trustee | 2 | $0 |
Joselyn Ferrer Basden Director | Trustee | 2 | $0 |
Emily Fest Director | Trustee | 2 | $0 |
Alexis Garvin Treasurer | OfficerTrustee | 2 | $0 |
Rachael Gray Crandley Director | Trustee | 2 | $0 |
John Fuller President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $456,725 |
| All other contributions, gifts, grants, and similar amounts not included above | $97,194 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $553,919 |
| Total Program Service Revenue | $1,420,387 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,050 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $159,882 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,154,362 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $126,313 |
| Compensation of current officers, directors, key employees. | $16,421 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $700,209 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $83,125 |
| Payroll taxes | $78,863 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,888 |
| Advertising and promotion | $29,854 |
| Office expenses | $59,001 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $147,983 |
| Travel | $30,771 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $35,570 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,209 |
| Insurance | $34,449 |
| All other expenses | $0 |
| Total functional expenses | $1,532,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $701,963 |
| Savings and temporary cash investments | $1,631,563 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,056 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $66,048 |
| Prepaid expenses and deferred charges | $13,708 |
| Net Land, buildings, and equipment | $1,685,737 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,146,075 |
| Accounts payable and accrued expenses | $68,827 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $753,530 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $822,357 |
| Net assets without donor restrictions | $3,323,718 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,146,075 |