Philadelphia Sketch Club
- Assets
- $682.9k
- Revenue
- $86.0k
- Investments
- $6.0k
- Employees
- 2
- Location
- Philadelphia, PA
- Founding
- 02/1991
- Data as of
- 05/2022
- EIN
- 23-6291644
Organization Overview
Philadelphia Sketch Club is located in Philadelphia, PA. The organization was established in 1991. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2022, Philadelphia Sketch Club employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philadelphia Sketch Club 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 05/2022, Philadelphia Sketch Club generated $86.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.0%) each year. All expenses for the organization totaled $104.6k during the year ending 05/2022. 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
SEE ATTACHED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHED PROGRAM ACCOMPLISHMENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Weiner Vice President | OfficerTrustee | 20 | $0 |
Richard A Harrington President | OfficerTrustee | 20 | $0 |
Elise Anzini Secretary | OfficerTrustee | 3 | $0 |
William C Patterson Treasurer | OfficerTrustee | 20 | $0 |
Jacqueline Barnett Director | Trustee | 5 | $0 |
Renard Edwards Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $19,675 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,734 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,544 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,953 |
| Total Program Service Revenue | $26,289 |
| Investment income | $7,005 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $775 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $86,022 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,002 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $300 |
| Payroll taxes | $2,493 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $743 |
| Office expenses | $2,917 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $15,492 |
| Insurance | $8,870 |
| All other expenses | $37,061 |
| Total functional expenses | $104,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,853 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $12,649 |
| 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 | $4,015 |
| Net Land, buildings, and equipment | $298,599 |
| Investments—publicly traded securities | $188,111 |
| Investments—other securities | $6,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,702 |
| Total assets | $682,929 |
| Accounts payable and accrued expenses | $7,245 |
| Grants payable | $0 |
| Deferred revenue | $4,610 |
| 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 | $0 |
| Total liabilities | $11,855 |
| Net assets without donor restrictions | $671,074 |
| 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 | $682,929 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Philadelphia Sketch Club has recieved totaling $7,090.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $7,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $90 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Glenstone Foundation Potomac, MD | $0 | $596,667,510 |
The Andy Warhol Foundation For The Visual Arts Inc New York, NY | $375,628,094 | $51,526,373 |
Painting Industry Insurance Fund Strongsville, OH | $10,051,774 | $13,147,287 |
The American Ceramic Society Inc Westerville, OH | $14,880,081 | $7,163,335 |
Production Industrial Tech Textile & Prof Employees Loc 124 Wlfr Fund Valhalla, NY | $838,103 | $5,998,825 |
Lily Auchincloss Foundation Inc New York, NY | $46,827,043 | $6,935,321 |
Solow Art And Architecture Foundation New York, NY | $241,786,081 | $29,285,009 |
Municipal Art Society Of New York New York, NY | $12,093,728 | $3,370,052 |
The Wildenstein Plattner Institute New York, NY | $1,898,409 | $4,064,152 |
Museum Of Contemporary Art Cleveland Cleveland, OH | $27,997,238 | $2,174,653 |
Drawing Center Inc New York, NY | $11,094,197 | $3,697,448 |
Glass City Academy Toledo, OH | $3,212,958 | $2,938,051 |