EIN 83-2902185

Forman Arts Initiative

IRS 501(c) type
501(c)(3)
Num. employees
1
Year formed
2020
Most recent tax filings
2022-12-01
NTEE code, primary
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
$7,508,224
2022
Total expenses
$1,546,319
2022
Total assets
$83,337,616
2022
Num. employees
1
2022

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 (Yr2) - 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.$455,000
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

Who funds Forman Arts Initiative

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Forman Family FoundationGrant To Fai for Art Purchase$5,460,000
The Forman Family FoundationGrant To Fai for Building Purchases for Future Museum$717,500
The Forman Family FoundationGrant To Fai To Support Art Commission and Art Work Grant Programs$455,000
...and 1 more grant received

Personnel at Forman Arts Initiative

NameTitleCompensation
Marion WeissCo - Founder, Weiss and Manfredi
Tyler HaysArtist; Founder, BDDW
Claire WeiszPrincipal - In - Charge, Wxy Studio
Jessica MorganDirector, Dia Artfoundation
Eli ProsperImpact Manager, City Year Philadelphia
...and 2 more key personnel

Financials for Forman Arts Initiative

RevenuesFYE 12/2022
Total grants, contributions, etc.$7,508,000
Investment income and dividends$224
Net rental income$0
Net gain from sale of non-inventory assets$0
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$7,508,224

Form 990s for Forman Arts Initiative

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-03990PFView PDF
2021-122022-11-15990PFView PDF
2020-122022-01-31990PFView PDF
2019-122021-06-15990PFView PDF
2018-122020-01-27990PFView PDF
Data update history
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
May 22, 2023
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate operating foundationsCharities
Issues
Arts, cultural, and humanities
Characteristics
Provides grantsState / local levelTax deductible 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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