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← PHILADELPHIA CITY INSTITUTE

Form 990 for tax year 2023

Filed by PHILADELPHIA CITY INSTITUTE.

Totals

Total revenue
$869,679
Total expenses
$328,651
Contributions and grants received
$0
Grants paid
$280,000
Program service revenue
$0
Investment income
$869,679
Other revenue
$0
Total assets, end of year
$5,989,411
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$5,989,411
Program services expenses (Part IX)
$293,512
Management and general expenses
$35,139
Fundraising expenses
$0
Program service expenses (Part III)
$293,512

Program services were 89.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $182,442 · excluded $182,442

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $3,161,816

  • 7b · Less cost or other basis and sales expenses

    securities $2,474,579

  • 7c · Gain or loss

    securities $687,237

  • 7d · Net gain or loss

    total $687,237 · excluded $687,237

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $280,000 · program services $280,000

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $2,200 · management and general $2,200

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $26,274 · management and general $26,274

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $4,822 · management and general $4,822

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $15,355 · program services $13,512 · management and general $1,843 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $262,749 · end of year $224,026

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $150,000

  • 10c · Land, buildings and equipment, net

    beginning of year $150,000 · end of year $150,000

  • 11 · Investments: publicly traded securities

    beginning of year $5,035,634 · end of year $5,615,385

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $5,448,383 · end of year $5,989,411

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

THE PHILADELPHIA CITY INSTITUTE SUPPORTS VARIOUS PROGRAMS OF THE FREE LIBRARY FOUNDATION OF PHILADELPHIA AND IT LEASES THE REAL PROPERTY, FOR A ONE DOLLAR A YEAR RENT, TO THE CITY OF PHILADELPHIA TO BE USED AS A FREE LIBRARY.

Activities or mission (Part I)

PCI SUPPORTS VARIOUS PROGRAMS OF THE FREE LIBRARY FOUNDATION OF PHILADELPHIA.

  • THE PHILADELPHIA CITY INSTITUTE FORMED IN 1852, EXISTS TO PROMOTE THE MORAL AND INTELLECTUAL IMPROVEMENT OF YOUNG PERSONS. DURING THE SUBJECT YEAR, THE ORGANIZATION SUPPORTED THE FREE LIBRARY FOUNDATION OF PHILADELPHIA, A PUBLICLY SUPPORTED CHARITABLE, EDUCATIONAL ORGANIZATION. THE ORGANIZATION PROVIDED SUPPORT IN TWO WAYS. FIRST, IT PROVIDED FACILITIES AT 1901 LOCUST STREET, PHILADELPHIA, PENNSYLVANIA FOR THE OPERATION OF THE BRANCH OF THE FREE LIBRARY OF PHILADELPHIA. SECOND, IT MADE A GRANT TO THE SUPPORTED ORGANIZATION TO PROVIDE FINANCIAL SUPPORT.

    Expenses $293,512 · Grants $280,000

As filed on the 2023 return.

Listed in Part VII

  • Charles T Lee III

    President

    Total calculated
    $0
    Hours/week
    1

  • Barry N Eiswerth

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Josh Byrne

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Huntley Platt

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Richard Rp Distefano Esq

    ASSOCIATE TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Deidre Farmbry

    BOARD MANAGER (TIL 02/23)

    Total calculated
    $0
    Hours/week
    1

  • Hans Bombeck

    BOARD MANAGER

    Total calculated
    $0
    Hours/week
    1

  • George Reath Jr Esq

    BOARD MANAGER (TIL 07/23)

    Total calculated
    $0
    Hours/week
    1

  • Lewis L Neilson Jr Esq

    BOARD MANAGER

    Total calculated
    $0
    Hours/week
    1

  • James Hill

    Board Manager

    Total calculated
    $0
    Hours/week
    1

  • Priscilla Lukens

    BOARD MANAGER (TIL 07/23)

    Total calculated
    $0
    Hours/week
    1

  • Sara Biemiller

    bOARD MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Priscilla Lo

    BOARD MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Cirel Magen

    BOARD MANAGER (TIL 07/23)

    Total calculated
    $0
    Hours/week
    1

  • Rachel Katz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jahlee Hatchett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Radhika Cobb

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349321717

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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