2025-11-17T18:12:57-06:00 2024-12-31 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 9TH FLOOR NEW YORK NY 100172013 990PF 2024-01-01 832902185 FORMAN ARTS INITIATIVE INC FORM 2154951160 201 ROUSE BLVD PHILADELPHIA PA 19112 THOMAS TRALA TREASURER/SECRETARY 2154951160 2025-11-17 1 0 DANIEL ROMANO P00504182 2125990100 2024 2025-03-06 01:10:19Z X 79041547 X 0 X 176353 176353 176353 28013 28013 28013 3041815 12800000 6776003 0 23542 0 23542 3269723 6980369 227908 394189 0 0 348142 93194 0 0 93194 207465 0 0 207465 61626 0 0 34450 152947 0 0 169469 240834 0 0 253540 102808 0 0 0 100000 0 0 0 185742 0 0 0 20755 0 0 20755 195936 0 0 235228 1755496 0 0 1362243 467732 394300 2223228 0 0 1756543 1046495 6980369 227908 205862 17121 17121 8597166 8597166 32514 1405 32514 32514 14819746 13487015 14819746 14819746 69850000 62950000 55575000 83544282 86416547 79041547 130002 157634 340000 70000 226825 214963 696827 442597 X 0 0 0 0 82847455 85973950 82847455 85973950 83544282 86416547 82847455 1046495 2080000 85973950 0 85973950 ART SALE - #1 D 2019-12-30 2024-04-22 850000 418700 431300 431300 ART SALE - #2 D 2019-12-30 2024-06-06 6950000 3093000 3857000 3857000 ART SALE - #3 D 2020-12-30 2024-09-04 5000000 2512297 2487703 2487703 6776003 0 97027 0 97027 0 97027 102330 0 56000 0 158330 0 61303 61303 0 0 0 0 0 0 0 0 1 1 1 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/CFO 10.00 121176 0 0 ADJOA JONES DE ALMEIDA 201 ROUSE BLVD PHILADELPHIA PA 19112 EXECUTIVE DIRECTOR 40.00 257544 16469 0 JAIME FRANKURT 201 ROUSE BLVD PHILADELPHIA PA 19112 BOARD OF DIRECTOR 1.00 0 0 0 LUKE NIKAS 201 ROUSE BLVD PHILADELPHIA PA 19112 BOARD OF DIRECTOR 1.00 0 0 0 WILLIAM R HITE JR 201 ROUSE BLVD PHILADELPHIA PA 19112 BOARD OF DIRECTOR 1.00 0 0 0 RASHID JOHNSON 201 ROUSE BLVD PHILADELPHIA PA 19112 BOARD OF DIRECTOR 1.00 0 0 0 WENDELL PRITCHETT 201 ROUSE BLVD PHILADELPHIA PA 19112 BOARD OF DIRECTOR 1.00 0 0 0 JUDILEE REED 201 ROUSE BLVD PHILADELPHIA PA 19112 BOARD OF DIRECTOR 1.00 0 0 0 SUNANDA GHOSH 201 ROUSE BLVD PHILADELPHIA PA 19112 ASSOCIATE EXECUTIVE 40.00 113067 8959 0 WILLIAM MARCELLUS ARMSTRONG 201 ROUSE BLVD PHILADELPHIA PA 19112 PROGRAM MANAGER 40.00 77329 8955 0 0 FB CAPITAL PARTNERS LP 201 ROUSE BLVD PHILADELPHIA PA 19112 ACCOUNTING 259799 DVDL DESIGN 1133 BROADWAY STE 1201 NEW YORK NY 10010 CONSULTING/ORG. DEV. 173960 COZEN O'CONNOR 1650 MARKET STREET SUITE 2800 PHILADELPHIA PA 19103 LEGAL SERVICES 56140 BLUE MEDIUM INC 526 W 26TH ST 708 NEW YORK NY 10001 ADVERTISING AND MARKETING 51798 0 PROMOTE THE STUDY, EDUCATION, CREATION, DISPLAY, ENGAGEMENT WITH AND GENERAL ADVANCEMENT OF THE ARTS 1362243 0 0 4243344 14189964 18433308 0 0 18433308 276500 18156808 907840 X 1756543 0 1756543 2018-12-20 X 227908 435245 224 1607 664984 193722 369958 190 1366 565236 1756543 2294388 6647335 1183614 11881880 394300 322000 530000 770000 2016300 1362243 1972388 6117335 413614 9865580 86416547 83544282 83337617 83778323 337076769 62950000 69851405 78900000 83730000 295431405 605227 683919 8031 1071 1298248 0 0 0 0 MICHAEL C FORMAN JENNIFER S RICE X PHILADELPHIA FOUNDATION 1835 MARKET STREET NO 2410 PHILADELPHIA PA 19103 PC ARTWORKS - 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 255000 DREXEL UNIVERSITY 1835 MARKET STREET NO 2410 PHILADELPHIA PA 19103 PC ART WORKS DREXEL CO-OP - SUPPORT IS INTENDED TO ESTABLISH THE FORMAN ARTS INITIATIVE CO-OP PROGRAM FUND AT THE LENFEST CENTER FOR CULTURAL PARTNERSHIPS. 75000 PHILADELPHIA MURAL ARTS ADVOCATES 1729 MT VERNON STREET PHILADELPHIA PA 19130 PC SUPPORT 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. 60000 BLACKSTAR PROJECTS INC 1901 SOUTH 9TH STREET 414 PHILADELPHIA PA 19148 PC GENERAL SUPPORT 4300 394300 0 18 176353 14 28013 18 3041815 EXPENSE RECOVERY 01 23542 0 3269723 0 3269723 0 0 0 0 0 0 0 0 0 0 ACCOUNTING SERVICES 138977 0 0 150839 TAX PREPARATION 13970 0 0 18630 CAPITALIZED BUILDING COSTS (SET ASIDE) 14819746 0 14819746 14819746 LEGAL FEES 61626 0 0 34450 ARTWORK 69850000 62950000 55575000 ART - OTHER 46109 0 0 52764 ART COLLECTIONS INSURANCE 85069 0 0 85093 OPERATING EXPENSES 14103 0 0 11641 PROGRAM - FAI STORIES 13900 0 0 48975 PROGRAMMING:ARTIST FEES:WORKSHOP FEES 5000 0 0 5000 PROGRAMMING - ADVISORY AND BOARD EXPENSES 23089 0 0 23089 PROGRAMMING - COMMUNITY ENGAGEMENT 8666 0 0 8666 EXPENSE RECOVERY 23542 23542 UNREALIZED GAIN/LOSS ART ADJUSTMENT 2080000 DUE TO FB CAPITAL PARTNERS LP 226825 214963 DVDL DESIGN 173960 0 0 184300 COMMUNITY RELATIONS 66874 0 0 69240 EXCISE TAX 100000 0 0 0