FORMAN ARTS INITIATIVE INC

FORMAN ARTS INITIATIVE INC · GetFunded

Financials

Giving

$1.8M

FY2024 · qualifying distributions

Total assets

$86.4M

FY2024 · end of year

Revenue

$3.3M

FY2024

Expenses

$2.2M

FY2024

Giving by year

Total assets by year

Year	Form	Revenue	Expenses	Giving	Assets	Net assets
FY2024	990-PF	$3,269,723	$2,223,228	$1,756,543	$86,416,547

Figures are as reported on the e-filed return, with no restatement. Fiscal years are the funder's own tax year, labelled by the calendar year the period ends in. A blank line means the return does not carry that figure; a real zero shows as $0. When an amended return replaces an original, every figure here uses the amended return. The original is not shown. Giving is what the funder actually paid out toward its charitable purpose in the year (qualifying distributions on Form 990-PF, charitable disbursements otherwise). Assets are what it holds; giving is what moves.

Grants paid

13 on file

Recipient	Purpose	Amount	Year	Source
PHILADELPHIA FOUNDATIONPHILADELPHIA, PA	CREATION OF THE ART WORKS FUND. THE PURPOSE OF THE FUND IS TO PROVIDE FUNDS FOR CREATIVITY, CULTURE AND ARTS ORGANIZATIONS AND ARTISTS WORKING IN THE COMMUNITY	$685,000	2021

Recipients are shown as the funder wrote them on the return. A recipient with a link was matched to an organization record; the rest stay as reported and are never guessed.

Officers and directors

Name	Title	Hours / week	Compensation
Michael C Forman	PRESIDENT	1.00	$0
Jennifer S Rice	VICE PRESIDENT	1.00	$0
Thomas Trala	TREASURER/SECRETARY/CFO	10.00	$121,176
Adjoa Jones De Almeida	EXECUTIVE DIRECTOR

From the officer list on the latest e-filed return. Compensation is as reported there; a blank means the return carries no figure.

FORMAN ARTS INITIATIVE INC

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What its returns show

FORMAN ARTS INITIATIVE INC

Can I apply?

What its returns show

Financials

What they fund

Grants paid

Officers and directors