Samuel S Fleisher Art Memorial Inc
- Assets
- $20.0m
- Revenue
- $3.3m
- Investments
- $12.1m
- Employees
- 136
- Location
- Philadelphia, PA
- Founding
- 10/1983
- Data as of
- 06/2022
- EIN
- 23-2249360
Organization Overview
Samuel S Fleisher Art Memorial Inc, operating under the name Fleisher Art Memorial, is located in Philadelphia, PA. The organization was established in 1983. 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 06/2022, Fleisher Art Memorial employed 136 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fleisher Art Memorial 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 06/2022, Fleisher Art Memorial generated $3.3m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $3.1m during the year ending 06/2022. While expenses have increased by 4.7% per year over the past 3 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
OPERATE & MAINTAIN A SCHOOL OF ART & MUSEUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YEAR-ROUND LOW-COST AND TUITION-FREE STUDIO CLASSES ONSITE AND ONLINE FOR ADULTS AND YOUTH, AND FREE DROP-IN PROGRAM FOR TEENS.
RESIDENCIES IN PUBLIC SCHOOLS AND COMMUNITY CENTERS FEATURING THEMED CURRICULUM-RELATED PROJECTS, NEIGHBORHOOD VISITS BY MOBILE ART STUDIO, AN ANNUAL ART FESTIVAL, AND DIA DE LOS MUERTOS CELEBRATION.
EXHIBITIONS OF JURIED LOCAL PROFESSIONAL ARTISTS, FACULTY AND STUDENTS,AND RELATED PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Johnston Treasurer | OfficerTrustee | 1 | $0 |
Nicole Allen White Board Member | Trustee | 1 | $0 |
Mark B Goodheart ESQ President | OfficerTrustee | 1 | $0 |
William Becker Vice President | OfficerTrustee | 1 | $0 |
Kevin Dow Secretary | OfficerTrustee | 1 | $0 |
Barbara Beck Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $91,195 |
| Fundraising events | $0 |
| Related organizations | $597,614 |
| Government grants | $365,090 |
| All other contributions, gifts, grants, and similar amounts not included above | $760,711 |
| Noncash contributions included in lines 1a–1f | $8,409 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,814,610 |
| Total Program Service Revenue | $1,052,512 |
| Investment income | $51,913 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,419 |
| Net Gain/Loss on Asset Sales | $315,327 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,287,761 |
| 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. | $108,162 |
| Compensation of current officers, directors, key employees. | $36,054 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,519,621 |
| Pension plan accruals and contributions | $25,004 |
| Other employee benefits | $160,736 |
| Payroll taxes | $116,252 |
| Fees for services: Management | $65,004 |
| Fees for services: Legal | $5,087 |
| Fees for services: Accounting | $20,349 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $113,639 |
| Fees for services: Other | $284,567 |
| Advertising and promotion | $4,612 |
| Office expenses | $54,436 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,866 |
| Travel | $2,533 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,291 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $191,382 |
| Insurance | $67,883 |
| All other expenses | $0 |
| Total functional expenses | $3,129,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $1,433,364 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $148,121 |
| Net Land, buildings, and equipment | $1,053,526 |
| Investments—publicly traded securities | $5,207,871 |
| Investments—other securities | $12,127,208 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,970,590 |
| Accounts payable and accrued expenses | $464,515 |
| Grants payable | $0 |
| Deferred revenue | $136,916 |
| 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 | $316,469 |
| Other liabilities | $0 |
| Total liabilities | $917,900 |
| Net assets without donor restrictions | $5,928,637 |
| Net assets with donor restrictions | $13,124,053 |
| 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 | $19,970,590 |