2023-10-03T12:47:22-05:00 2022-12-31 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990PF 2022-01-01 832902185 FORMAN ARTS INITIATIVE INC FORM 2154951160 201 ROUSE BLVD PHILADELPHIA PA 19112 THOMAS TRALA TREASURER/SECRETARY 2154951160 2023-10-03 1 THOMAS TRALA 999009999 1 DANIEL ROMANO P00504182 2125990100 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z X X 83337616 X 7508000 224 224 224 0 0 7508224 224 224 67934 0 0 65934 44896 0 0 43574 77507 0 0 47577 14288 0 0 14288 223813 63 0 173226 201 201 0 0 19876 1033 0 18843 567804 13912 0 553893 1016319 15209 0 917335 530000 530000 1546319 15209 0 1447335 5961905 0 224 48323 3762 3762 2121794 2121794 2121794 83730000 81212060 81212060 83778323 83337616 83337616 13838 63785 3574119 53098 56420 66936 3694324 X 0 0 0 0 83711387 79643292 83711387 79643292 83778323 83337616 83711387 5961905 0 89673292 10030000 79643292 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 PA 1 1 0 0 0 1 HTTPS://FORMANARTSINITIATIVE.ORG MICHAEL C FORMAN 2154951160 201 ROUSE BLVD PHILADELPHIA PA 19112 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MICHAEL C FORMAN 201 ROUSE BLVD PHILADELPHIA PA 19112 PRESIDENT 1.00 0 0 0 JENNIFER S RICE 201 ROUSE BLVD PHILADELPHIA PA 19112 VICE PRESIDENT 1.00 0 0 0 THOMAS TRALA 201 ROUSE BLVD PHILADELPHIA PA 19112 TREASURER/SECRETARY 10.00 67934 0 0 NONE 0 DVDL DESIGN 1133 BROADWAY STE 1201 NEW YORK NY 10010 CONSULTING/ORG. DEV. 223750 FB CAPITAL PARTNERS LP 201 ROUSE BLVD PHILADELPHIA PA 19112 ACCOUNTING 112830 0 PROMOTE THE STUDY, EDUCATION, DISPLAY AND ADVANCEMENT OF THE ARTS 917334 0 0 156201 88408 244609 0 0 244609 3669 240940 12047 X 1447335 0 5200000 6647335 2018-12-20 X 224 1607 33 0 1864 190 1366 28 0 1584 6647335 1183614 1132220 369947 9333116 530000 770000 870000 0 2170000 6117335 413614 262220 369947 7163116 83337617 83778323 83649211 55786110 306551261 78900000 83730000 83630000 51780000 298040000 8031 1071 770 0 9872 0 0 0 0 MICHAEL C FORMAN JENNIFER S RICE X DREXEL UNIVERSITY 3201 ARCH STREET NO 400 PHILADELPHIA PA 19104 PC SUPPORT 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. 75000 PHILADELPHIA FOUNDATION 1835 MARKET STREET NO 2410 PHILADELPHIA PA 19103 PC 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. 455000 530000 0 14 224 0 224 0 224 0 0 0 0 0 0 0 0 0 0 X X 1 MICHAEL C FORMAN C/O 201 ROUSE BLVD STE 675 PHILADELPHIA PA 19112 575000 X 2 FORMAN FAMILY FOUNDATION C/O 201 ROUSE BLVD STE 675 PHILADELPHIA PA 19112 6932500 X GRANT THORNTON LLP 14288 0 0 14288 FORM 990-PF, PART XI - QUALIFYING DISTRIBUTIONS PURSUANT TO IRS TREASURY REGULATION SECTION 53.4942(A)(3)(C)(I), THE FORMAN ARTS INITIATIVE ("FAI") IS PROVIDING THE FOLLOWING DISCLOSURE WITH RESPECT TO THE QUALIFYING DISTRIBUTIONS REPORTED ON PART XI LINE 4 OF THE FORM 990-PF.DURING 2022, THE FORMAN FAMILY FOUNDATION ("FFF") MADE A CASH GRANT OF $6,932,5000 TO FORMAN ARTS INITIATIVE ("FAI") ; EXPENDITURES INCURRED BY FAI WITH THESE FUNDS HAVE BEEN INCLUDED IN FAI'S CALCULATION OF QUALIFYING DISTRIBUTIONS AND SHALL BE TREATED AS QUALIFYING DISTRIBUTIONS ON THE TAX RETURN OF FAI. THIS IS PERMITTED UNDER 53.4942(A)(3)(C)(1) BECAUSE:1. NOT LATER THAN ONE YEAR AFTER THE END OF THE TAX YEAR IN WHICH FAI RECEIVED FUNDING FROM FFF, IT MADE DISTRIBUTIONS EQUAL TO THE FULL AMOUNT OF THE CONTRIBUTION; THE DISTRIBUTIONS CONSTITUTE A QUALIFYING DISTRIBUTION THAT IS TREATED AS BEING MADE OUT OF CORPUS, AND2. FAI HAS PROVIDED ADEQUATE RECORDS TO FFF THAT IT HAS ACTUALLY PAID OUT THE GRANTED FUNDS TO QUALIFYING EXPENDITURES. 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