Center For Art In Wood Inc
- Assets
- $16.8m
- Revenue
- $733.8k
- Investments
- $0.0
- Employees
- 15
- Location
- Philadelphia, PA
- Founding
- 04/1987
- Data as of
- 12/2023
- EIN
- 22-2806780
Organization Overview
Center For Art In Wood Inc, operating under the name Museum For Art In Wood, is located in Philadelphia, PA. The organization was established in 1987. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 12/2023, Museum For Art In Wood employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Museum For Art In Wood 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 12/2023, Museum For Art In Wood generated $733.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 9.4% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE, EDUCATE & INSPIRE THE PUBLIC THROUGH EXHIBITION, COLLECTION & INTERPRETATION OF CONTEMPORARY ART IN WOOD
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITIONS REMAIN AT THE CORE OF THE MUSEUM'S PROGRAMMING. SINCE ITS INCEPTION IN 1986, THE MUSEUM'S EXHIBITIONS HAVE PRESENTED THE WORK OF ESTABLISHED AND EMERGING ARTISTS WHICH HAS SERVED TO MOVE THE FIELD OF ART IN WOOD TO THE FOREFRONT OF ARTS AND CULTURE. THE MUSEUM'S EXHIBITIONS RELATED ACHIEVEMENTS INCLUDE: ORGANIZING OVER 100 EXHIBITIONS TO SHOWCASE CREATIVITY AND CRAFTMANSHIP (TWELVE OF WHICH HAVE TOURED TO MUSEUMS AND AROUND THE US) AND PUBLISHED OVER 25 MAJOR CATALOGUES ABOUT VARIOUS ASPECTS OF WOOD ART AND THE ARTISTS.
SINCE 1995, THE MUSEUM FOR ART IN WOOD HAS AWARDED FELLOWSHIPS IN ITS ANNUAL WINDGATE ARTS RESIDENCY PROGRAM IN WOOD (WARP WOOD). IN 2016,THE MUSEUM ADDED ONE MORE FELLOWSHIP - A STUDENT ARTIST RESIDENT FELLOW. THIS PROGRAM IS A COLLEGIAL EXPERIENCE IN WHICH THE RESIDENT FELLOWS EXPLORE NEW WORK THROUGH RESEARCH, EXPLORATION, AND COLLABORATION. INCLUDED ANNUALLY ARE NOW SIX WOOD ARTISTS, WHICH INCLUDE THE STUDENT ARTIST, A PHOTOJOURNALIST, AND A SCHOLAR SELECTED FROM AN INTERNATIONAL POOL OF APPLICANTS. THEY WORK INDIVIDUALLY AND COLLABORATIVELY. THE SCHOLAR GAINS IN DEPTH UNDERSTANDING OF THE WOOD ART FIELD AND ITS PRACTITIONERS. THE DOCUMENTARY ARTIST DOCUMENTS THE PROGRAM EXPERIENCE IN TRADITIONAL AND INNOVATIVE WAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Fowler President | OfficerTrustee | 10 | $0 |
John Conver Lutz Vice President | OfficerTrustee | 10 | $0 |
Ed Bresler Treasurer | OfficerTrustee | 10 | $0 |
Joshua Aibel Secretary | OfficerTrustee | 10 | $0 |
Lisa Tremper Hanover Board Member | Trustee | 5 | $0 |
Leonard J Kreppel Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $199,277 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,277 |
| Total Program Service Revenue | $0 |
| Investment income | $466,102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,894 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $66,455 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $733,765 |
| 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. | $118,703 |
| Compensation of current officers, directors, key employees. | $17,805 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $320,665 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,744 |
| Payroll taxes | $41,153 |
| 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 | $58,558 |
| Fees for services: Other | $202,506 |
| Advertising and promotion | $38,103 |
| Office expenses | $39,188 |
| Information technology | $45,532 |
| Royalties | $0 |
| Occupancy | $190,895 |
| Travel | $56,370 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,845 |
| Insurance | $19,183 |
| All other expenses | $0 |
| Total functional expenses | $1,451,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $402,483 |
| Savings and temporary cash investments | $60 |
| Pledges and grants receivable | $170,521 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,997 |
| Prepaid expenses and deferred charges | $10,218 |
| Net Land, buildings, and equipment | $146,224 |
| Investments—publicly traded securities | $11,399,365 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,679,944 |
| Total assets | $16,826,812 |
| Accounts payable and accrued expenses | $43,286 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $994,139 |
| Total liabilities | $1,037,425 |
| Net assets without donor restrictions | $1,138,213 |
| Net assets with donor restrictions | $14,651,174 |
| 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 | $16,826,812 |