Civic Intelligence

Forman Arts Initiative Inc.

990PF • Fiscal year 2019 • EIN 83-2902185

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 15, 2020

Organization Profile
201 Rouse Blvd Suite 675Philadelphia, PA 19112

(215) 495-1160

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

11th percentile

0.00x

Higher debt load relative to assets than 11% of similar nonprofits.

2019 filings • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

10th percentile

0.00x

Higher debt load relative to revenue than 10% of similar nonprofits.

2019 filings • $50M-$100M nonprofits • Source year 2019

Net Margin

99th percentile

98%

Higher net margin than 99% of similar nonprofits.

2019 filings • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

13th percentile

$0

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • $50M-$100M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Balance Sheet
Liabilities / Assets11th percentile

Assets

$55,786,110

No earlier filing loaded for comparison.

Net Assets

$55,786,110

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue10th percentileNet Margin99th percentile

Revenue

$19,656,832

No earlier filing loaded for comparison.

Expenses

$370,722

No earlier filing loaded for comparison.

Net Income

$19,286,110

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2019: $55,786,110Liabilities 2019: $0Net Assets 2019: $55,786,1102019Assets 2020: $83,649,211Liabilities 2020: $23,000Net Assets 2020: $83,626,2112020Assets 2021: $83,778,323Liabilities 2021: $66,936Net Assets 2021: $83,711,3872021Assets 2022: $83,337,616Liabilities 2022: $3,694,324Net Assets 2022: $79,643,2922022Assets 2023: $83,544,282Liabilities 2023: $696,827Net Assets 2023: $82,847,4552023Assets 2024: $86,416,547Liabilities 2024: $442,597Net Assets 2024: $85,973,9502024

Highlighted filing

2019

Assets$55,786,110
Liabilities$0
Net Assets$55,786,110
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MRevenue 2019: $19,656,832Expenses 2019: $370,722Net Income 2019: $19,286,1102019Revenue 2020: $28,975,050Expenses 2020: $1,134,949Net Income 2020: $27,840,1012020Revenue 2021: $1,235,746Expenses 2021: $1,250,550Net Income 2021: -$14,8042021Revenue 2022: $7,508,224Expenses 2022: $1,546,319Net Income 2022: $5,961,9052022Revenue 2023: -$1,800,926Expenses 2023: $2,944,911Net Income 2023: -$4,745,8372023Revenue 2024: $3,269,723Expenses 2024: $2,223,228Net Income 2024: $1,046,4952024

Highlighted filing

2019

Revenue$19,656,832
Expenses$370,722
Net Income$19,286,110
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 15, 2020
Return Version
2019v5.1
Compensation and Service Providers
Top Officer Pay13th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael C FormanPresident-$0--
Jennifer S RiceVice President-$0--
Filing and Contact Details

Filer

Filer Name
Forman Art Institute Inc
EIN
83-2902185
In Care Of
% MICHAEL C FORMAN
Phone
2154951160
Address
201 Rouse Blvd Suite 675, Philadelphia, PA 19112

Signing Officer

Name
Michael Forman
Title
President
Phone
2154951160
Signed
2020-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Grant Thornton Llp
Address
2001 MARKET STREET SUITE 700, PHILADELPHIA, PA 19103
Preparer
Grant Thornton Ll
Phone
2155614200
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc0Artwork - Untitled (Beach Scene) 03
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc1Artwork - Trauerseeschwalbe, 1972
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc2Artwork -Cumberland, 2018 - Joe Bradley
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc3Artwork - Cay - Sam Gilliam
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IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc5Artwork - Debris Field (Red) #6
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc6Artwork - Terra Incognita By Kerry James Marshall
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc7Artwork - Wall of Light Frieze
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc8Artwork - Large Reversal 6
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc9Artwork - Large Reveral 9
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc10Artwork - Dialogue, 2016
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc11Artwork - El Nino: For Charlie Park
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc12Artwork - Slab III By kevin Beasley
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Document Assets

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Filings

Displayed year

2019 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$55,786,110
Liabilities
$0
Net assets
$55,786,110
Revenue
$19,656,832
Expenses
$370,722
Net income
$19,286,110
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$86.4$0.44$86.0$3.27$2.22$1.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$83.5$0.70$82.8$1.80$2.94$4.75
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$83.3$3.69$79.6$7.51$1.55$5.96
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$83.8$0.07$83.7$1.24$1.25$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$83.6$0.02$83.6$29.0$1.13$27.8
2019Detailed filing. Detailed filing data is available for this year.$55.8$0.00$55.8$19.7$0.37$19.3