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Filing year 2024

FORMAN ARTS INITIATIVE INC

Philadelphia, Pennsylvania·EIN 83-2902185·NTEE A51 · Arts, Culture & Humanities·501(c)(3)
Total revenue
$3.3M
Total assets
$86.4M
Total expenses
$2.2M
Reported officers
10

Executive compensation

Form 990-PF · Part VIII · 2 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Arts, Culture & Humanities organizations in Pennsylvania.

Executive Director
Above 90th percentile
$258k
$277k
Treasurer/secretary/cfo
Board Treasurer
Above 90th percentilevs Arts, Culture & Humanities peers nationwide
$121k
$130k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 8 unpaid individuals.

Browse compensation in Arts, Culture & Humanities

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at FORMAN ARTS INITIATIVE INC equaled 12% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.

This organization (2024)
12%
Sector median
11%
Middle half of sector
5% to 20%

Based on 17,098 arts, culture & humanities organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$394k

Itemized grants

4

Median grant

$68k

RecipientLocationPurposeAmount
PHILADELPHIA FOUNDATIONPHILADELPHIA, PAARTWORKS - GRANT TO SUPPORT ARTS, CULTURE AND CREATIVITY IN COMMUNITY-BASED ORGANIZATIONS AND ARTISTS WORKING IN PARTNERSHIP WITH BLACK, INDIGENOUS, PEOPLE OF COLOR, OTHER MARGINALIZED, AND VULNERABLE COMMUNITIES IN THE GREATER PHILADELPHIA AREA$255k
DREXEL UNIVERSITYPHILADELPHIA, PAART WORKS DREXEL CO-OP - SUPPORT IS INTENDED TO ESTABLISH THE FORMAN ARTS INITIATIVE CO-OP PROGRAM FUND AT THE LENFEST CENTER FOR CULTURAL PARTNERSHIPS.$75k
PHILADELPHIA MURAL ARTS ADVOCATESPHILADELPHIA, PASUPPORT 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.$60k
BLACKSTAR PROJECTS INCPHILADELPHIA, PAGENERAL SUPPORT$4k
Compare this foundation's grantees

Up 128%
from 2023

From $113k in 2023 to $258k in 2024.

$113k
2023
$258k
2024
In today's dollarsEst.
Up 120% in real terms$126k to $277k

Estimated with Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Treasurer pay rose 7% from 2023 to 2024.

$113k in 2023 to $121k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($50M - $150M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about FORMAN ARTS INITIATIVE INC

What does the Chief Executive Officer of FORMAN ARTS INITIATIVE INC earn?

In 2024, the Chief Executive Officer of FORMAN ARTS INITIATIVE INC received $257,544 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Arts, Culture & Humanities organizations in Pennsylvania: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at FORMAN ARTS INITIATIVE INC compare with similar nonprofits?

Compared with the same role at Arts, Culture & Humanities organizations in Pennsylvania, the 2024 pay of the Chief Executive Officer at FORMAN ARTS INITIATIVE INC falls in the top 10%. In 2024, the highest total compensation at FORMAN ARTS INITIATIVE INC equaled 12% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.

What are FORMAN ARTS INITIATIVE INC's revenue and expenses?

In 2024, FORMAN ARTS INITIATIVE INC reported $3.3M in total revenue and $2.2M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($50M - $150M), because foundation pay scales with assets under management, not revenue.