Fringearts
- Assets
- $7.9m
- Revenue
- $2.6m
- Investments
- $442.5k
- Employees
- 134
- Location
- Philadelphia, PA
- Founding
- 03/1998
- Data as of
- 12/2019
- EIN
- 23-2936188
Organization Overview
Fringearts is located in Philadelphia, PA. The organization was established in 1998. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2019, Fringearts employed 134 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Fringearts generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO IMPLEMENT CHARITABLE AND EDUCATIONAL ACTIVITIES THROUGH PRESENTATION OF PERFORMING ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING EDUCATIONAL AND CULTURAL EVENTS THROUGH THE PRODUCTION OF PERFORMING ARTS IN THE PHILADELPHIA, PENNSYLVANIA AREA.
FRINGEARTS RECEIVED DONATED GOODS AND SERVICES FROM SEVERAL SOURCES WHICH WAS VALUED AT APPROXIMATELY 44,504.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Stuccio Pres & Produ | OfficerTrustee | 40 | $161,076 |
Amy Kurzban General Mana | Officer | 40 | $85,000 |
Melissa Bridge Director Of | Officer | 40 | $80,000 |
Jennifer Bohnenberger Vice Chair/s | OfficerTrustee | 1 | $0 |
Lisa Young Treasurer | OfficerTrustee | 1 | $0 |
Richard Vague Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wm Proud Masonry Restoration Co Contractor | 12/30/15 | $209,025 |
Pomegranate Arts Contractor | 12/30/15 | $187,186 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,961 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,528,954 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,557,915 |
| Total Program Service Revenue | $998,893 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $2,556,808 |
| 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 | $1,313,171 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $117,009 |
| Payroll taxes | $121,045 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $82,323 |
| Office expenses | $10,822 |
| Information technology | $39,758 |
| Royalties | $0 |
| Occupancy | $70,811 |
| Travel | $46,460 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,328 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $242,320 |
| Insurance | $81,514 |
| All other expenses | $344,222 |
| Total functional expenses | $3,365,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $350,914 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $334,483 |
| Accounts receivable, net | $148,312 |
| 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 | $37,412 |
| Net Land, buildings, and equipment | $6,484,522 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $442,500 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,000 |
| Total assets | $7,856,143 |
| Accounts payable and accrued expenses | $95,813 |
| Grants payable | $0 |
| Deferred revenue | $79,454 |
| 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 | $24,520 |
| Total liabilities | $199,787 |
| Net assets without donor restrictions | $6,834,805 |
| Net assets with donor restrictions | $821,551 |
| 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 | $7,856,143 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Fringearts has recieved totaling $26,000.
| Awarding Organization | Amount |
|---|---|
Raynier Institute & Foundation Wilmington, DE PURPOSE: GENERAL OPERATING EXPENSES | $25,000 |
Henry Dolfinger 2 Tr Uw Philadelphia, PA PURPOSE: GENERAL | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dia Center For The Arts Inc New York, NY | $215,209,262 | $19,693,933 |
Munson-Williams-Proctor Institute Utica, NY | $158,105,602 | $21,787,469 |
Lincoln Park Performing Arts Center Midland, PA | $28,358,003 | $10,070,121 |
One Club For Creativity Inc New York, NY | $17,370,873 | $10,229,352 |
Pioneer Works Art Foundation Brooklyn, NY | $9,810,347 | $14,225,980 |
Clay Center For The Arts & Sciences Of West Virginia Inc Charleston, WV | $117,444,990 | $7,906,903 |
St Anns Warehouse Inc Brooklyn, NY | $29,498,767 | $5,793,694 |
Mount Carmel Guild Education Newark, NJ | $2,049,445 | $5,990,545 |
Judd Foundation New York, NY | $82,389,087 | $7,883,436 |
Guild Hall Of East Hampton Inc East Hampton, NY | $19,476,368 | $4,741,119 |
Baltimore Office Of Promotion And The Arts Baltimore, MD | $4,346,902 | $4,925,846 |
Baltimores Festival Of The Arts Inc Baltimore, MD | $387,392 | $3,150,537 |