The Fabric Workshop And Museum
- Assets
- $4.3m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 62
- Location
- Philadelphia, PA
- Founding
- 08/1977
- Data as of
- 09/2023
- EIN
- 23-2018929
Organization Overview
The Fabric Workshop And Museum is located in Philadelphia, PA. The organization was established in 1977. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 09/2023, Fabric Workshop And Museum employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fabric Workshop And Museum 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 09/2023, Fabric Workshop And Museum generated $2.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $3.1m during the year ending 09/2023. 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
COLLABORATING WITH ARTISTS, REVEALING NEW POSSIBILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTISTS-IN-RESIDENCE PROGRAM - FWM COLLABORATES WITH CONTEMPORARY ARTISTS TO CREATE NEW WORKS USING EXPERIMENTAL MATERIALS AND TECHNIQUES. THE PROGRAM SUPPORTS EMERGING AND ESTABLISHED ARTISTS FROM AROUND THE WORLD BY PROVIDING HONORARIUMS AND MATERIALS AND EMPLOYING ITS FACILITIES AND STAFF TO ADDRESS THEIR CREATIVE NEEDS.
EXHIBITIONS - NEW WORK CREATED BY ARTISTS-IN-RESIDENCE FOR EXHIBITION AT FWM AND IN MUSEUMS AND GALLERIES AROUND THE WORLD. ARTWORKS FROM FWM'S PERMANENT COLLECTION ALSO SERVE AS THE BASIS FOR EXHIBITIONS AT FWM, AND ARE LOANED TO PEER INSTITUTIONS.
EDUCATIONAL PROGRAMS - FWM CONDUCTS LECTURES, TOURS, WORKSHOPS, AND PRODUCES PUBLICATIONS IN ORDER TO EDUCATE THE GENERAL PUBLIC ABOUT NEW FORMS OF ART AND EXHIBITION-MAKING. LOCAL YOUTH PARTICIPATE IN FAMILY AND AFTER SCHOOL EDUCATIONAL PROGRAMS FOR TRAINING IN SCREENPRINTING AND OTHER ARTISTIC TECHNIQUES. HIGH SCHOOL, COLLEGE, AND POST-GRADUATE APPRENTICE PROGRAMS OFFER STUDENTS THE OPPORTUNITY TO LEARN ALL ASPECTS OF SCREENPRINTING AND OTHER ART PRODUCTION TECHNIQUES, WHILE ALSO PARTICIPATING IN DAILY MUSEUM OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maja Paumgarten Parker President | OfficerTrustee | 10 | $0 |
Jill Bonovitz Vice President | OfficerTrustee | 0.5 | $0 |
Regina Morgan Treasurer | OfficerTrustee | 5 | $0 |
Harry Feldman Secretary (eff 5/2023) | OfficerTrustee | 0.5 | $0 |
Toyin Ajayi-Frankel Director | Trustee | 0.5 | $0 |
Margaret Mcgreal Secretary (til 5/2023) | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $73,279 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,377,716 |
| Noncash contributions included in lines 1a–1f | $53,022 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,450,995 |
| Total Program Service Revenue | $146,937 |
| Investment income | $50,040 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $41,242 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,689,214 |
| 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. | $167,781 |
| Compensation of current officers, directors, key employees. | $25,167 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,160,488 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $164,868 |
| Payroll taxes | $111,756 |
| 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 | $525,661 |
| Advertising and promotion | $120,335 |
| Office expenses | $319,196 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $192,480 |
| Travel | $43,317 |
| 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 | $24,879 |
| Insurance | $61,938 |
| All other expenses | $0 |
| Total functional expenses | $3,065,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $632,655 |
| Savings and temporary cash investments | $569,126 |
| Pledges and grants receivable | $1,345,830 |
| 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 | $209,231 |
| Prepaid expenses and deferred charges | $27,295 |
| Net Land, buildings, and equipment | $104,898 |
| Investments—publicly traded securities | $1,413,140 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,104 |
| Total assets | $4,331,279 |
| Accounts payable and accrued expenses | $201,863 |
| 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 | $31,444 |
| Total liabilities | $233,307 |
| Net assets without donor restrictions | $2,475,493 |
| Net assets with donor restrictions | $1,622,479 |
| 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 | $4,331,279 |