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  4. Forman Arts Initiative
EIN 83-2902185

Forman Arts Initiative

IRS 501(c) type
501(c)(3)
Num. employees
1
City
Philadelphia
State
Pennsylvania
Year formed
2020
Most recent tax filings
2023-12-01
NTEE code, primary
T20: Private Foundations
Description
Forman Art Institute is a private foundation that promotes the study, education, display and advancement of the arts. It is located in Philadelphia, PA.
Total revenues
$-1,800,926
2023
Total expenses
$2,944,911
2023
Total assets
$83,544,282
2023
Num. employees
1
2023

Program areas at Forman Arts Initiative

Promote the study, education, display and advancement of the Arts

Grants made by Forman Arts Initiative

GranteeGrant descriptionAmount
The Philadelphia Foundation (PF)Artworks (Yr4) - Grant To Support Arts, Culture & Creativity in Community-Based Organizations & Artists Working in Partnership With Black, Indigenous, People of Color, Other Marginalized, & Vulnerable Communities in the Greater Phila Area.$215,000
Drexel UniversitySupport Is Intended To Establish the Forman Arts Initiative Co-Op Program Fund at the Lenfest Center for Cultural Partnerships. the Program Is Intended To Run for 5 Years.$75,000
Mural Arts PhiladelphiaSupport for Public Works Residency Program That Embeds Artists in City Government Agencies Or Other Similar Organizations To Propose and Implement Creative Solutions To Pressing Civic Challenges.$30,000
...and 1 more grant made

Who funds Forman Arts Initiative

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Forman Family FoundationGrant To Fai for Art Purchase$5,460,000
National Philanthropic TrustCulture & Arts$1,000,000
The Forman Family FoundationGrant To Fai for Building Purchases for Future Museum$717,500
...and 2 more grants received

Personnel at Forman Arts Initiative

NameTitleCompensation
Marion WeissCo - Founder, Weiss and Manfredi
Tyler HaysArtist; Founder, BDDW
Adjoa Jones de AlmeidaExecutive Director
Jessica MorganDirector, Dia Artfoundation
Marcellus ArmstrongProgram Manager
...and 3 more key personnel

Financials for Forman Arts Initiative

RevenuesFYE 12/2023
Total grants, contributions, etc.$1,715,000
Investment income and dividends$315,324
Net rental income$0
Net gain from sale of non-inventory assets$-3,831,250
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$-1,800,926

Form 990s for Forman Arts Initiative

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990PFView PDF
2022-122023-10-03990PFView PDF
2021-122022-11-15990PFView PDF
2020-122022-01-31990PFView PDF
2019-122021-06-15990PFView PDF
...and 1 more Form 990
Data update history
November 21, 2024
Updated personnel
Identified 2 new personnel
December 28, 2023
Received grants
Identified 4 new grant, including a grant for $5,460,000 from The Forman Family Foundation
November 26, 2023
Posted financials
Added Form 990PF for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2020
Nonprofit Types
Grantmaking organizationsPrivate foundationsFamily foundationsPrivate operating foundationsCharities
Issues
Arts, cultural, and humanities
Characteristics
Provides grantsState / local levelTax deductible donationsAccepts online donations
General information
Address
201 Rouse Blvd
Philadelphia, PA 19112
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County
Philadelphia County, PA
Website URL
formanartsinitiative.org/ 
Phone
(215) 495-1160
IRS details
EIN
83-2902185
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2020
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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