Fringearts
- Assets
- $8.4m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 82
- Location
- Philadelphia, PA
- Founding
- 03/1998
- Data as of
- 12/2023
- 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 12/2023, Fringearts employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fringearts 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 12/2023, Fringearts generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
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:
PROVIDING EDUCATIONAL AND CULTURAL EVENTS THROUGH THE PRODUCTION OF PERFORMING ARTS IN THE PHILADELPHIA, PENNSYLVANIA AREA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Dichter Chair | Trustee | 5 | $0 |
Jennifer Bohnenberger Vice Chair/s | OfficerTrustee | 1 | $0 |
Lisa Young Treasurer | OfficerTrustee | 1 | $0 |
Donald Bains Director | Trustee | 1 | $0 |
Theresa Spencer Director | Trustee | 1 | $0 |
Anthony Forte Director | Trustee | 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 | $24,560 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,554,927 |
| Noncash contributions included in lines 1a–1f | $37,728 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,579,487 |
| Total Program Service Revenue | $886,649 |
| Investment income | $1,422 |
| 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 | $2,467,558 |
| 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. | $257,712 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $783,556 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $119,642 |
| Payroll taxes | $94,212 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,794 |
| Advertising and promotion | $12,700 |
| Office expenses | $47,491 |
| Information technology | $41,736 |
| Royalties | $0 |
| Occupancy | $68,277 |
| Travel | $18,786 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,487 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $223,243 |
| Insurance | $65,951 |
| All other expenses | $33,566 |
| Total functional expenses | $2,624,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,839 |
| Savings and temporary cash investments | $393,354 |
| Pledges and grants receivable | $652,200 |
| Accounts receivable, net | $177,599 |
| 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 | $13,988 |
| Net Land, buildings, and equipment | $6,355,527 |
| Investments—publicly traded securities | $442,500 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $136,500 |
| Total assets | $8,418,507 |
| Accounts payable and accrued expenses | $157,162 |
| Grants payable | $0 |
| Deferred revenue | $34,050 |
| 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 | $237,220 |
| Total liabilities | $428,432 |
| Net assets without donor restrictions | $7,025,515 |
| Net assets with donor restrictions | $964,560 |
| 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 | $8,418,507 |