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Nonprofiteer
← THE FABRIC WORKSHOP AND MUSEUM

Form 990 for tax year 2022

Filed by THE FABRIC WORKSHOP AND MUSEUM.

Totals

Total revenue
$2,689,214
Total expenses
$3,065,678
Contributions and grants received
$2,450,995
Grants paid
$0
Program service revenue
$146,937
Investment income
$50,040
Other revenue
$41,242
Total assets, end of year
$4,331,279
Total liabilities, end of year
$233,307
Net assets or fund balances, end of year
$4,097,972
Program services expenses (Part IX)
$1,967,742
Management and general expenses
$697,974
Fundraising expenses
$399,962
Program service expenses (Part III)
$1,967,742

Program services were 64.2% 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.

  • 1e · Government grants (contributions)

    $73,279

  • 1f · All other contributions, gifts and grants

    $2,377,716

  • 1g · Noncash contributions included above

    $53,022

  • 2a · Program service revenue: EXHIBITION & STUDIO

    total $107,946 · related or exempt $107,946

  • 2b · Program service revenue: EDUC & PROGRAM

    total $32,907 · related or exempt $32,907

  • 2f · All other program service revenue

    total $6,084 · related or exempt $6,084

  • 3 · Investment income

    total $50,040 · excluded $50,040

  • 10a · Gross sales of inventory

    $93,851

  • 10b · Cost of goods sold

    $52,609

  • 10c · Net income from sales of inventory

    total $41,242 · related or exempt $41,242

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $167,781 · program services $122,480 · management and general $25,167 · fundraising $20,134

  • 7 · Other salaries and wages

    total $1,160,488 · program services $851,179 · management and general $177,457 · fundraising $131,852

  • 9 · Other employee benefits

    total $164,868 · program services $120,354 · management and general $24,730 · fundraising $19,784

  • 10 · Payroll taxes

    total $111,756 · program services $81,582 · management and general $16,763 · fundraising $13,411

  • 11g · Fees: other

    total $525,661 · program services $175,528 · management and general $277,512 · fundraising $72,621

  • 12 · Advertising and promotion

    total $120,335 · program services $94,191 · management and general $11,240 · fundraising $14,904

  • 13 · Office expenses

    total $319,196 · program services $200,659 · management and general $21,599 · fundraising $96,938

  • 16 · Occupancy

    total $192,480 · program services $165,665 · management and general $18,032 · fundraising $8,783

  • 17 · Travel

    total $43,317 · program services $36,504 · management and general $6,552 · fundraising $261

  • 22 · Depreciation, depletion and amortization

    total $24,879 · program services $18,162 · management and general $3,732 · fundraising $2,985

  • 23 · Insurance

    total $61,938 · program services $4,416 · management and general $57,522

  • 24a · Other expenses: MULTIMEDIA

    total $92,659 · program services $39,651 · management and general $39,538 · fundraising $13,470

  • 24b · Other expenses: MISCELLANEOUS

    total $53,598 · program services $30,649 · management and general $18,130 · fundraising $4,819

  • 24c · Other expenses: ARTISTIC HONORANIUM

    total $26,722 · program services $26,722

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,199,266 · end of year $632,655

  • 2 · Savings and temporary cash investments

    beginning of year $552,041 · end of year $569,126

  • 3 · Pledges and grants receivable

    beginning of year $1,225,354 · end of year $1,345,830

  • 8 · Inventories for sale or use

    beginning of year $200,561 · end of year $209,231

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,161 · end of year $27,295

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

    $768,869

  • 10b · Land, buildings and equipment: accumulated depreciation

    $663,971

  • 10c · Land, buildings and equipment, net

    beginning of year $106,975 · end of year $104,898

  • 11 · Investments: publicly traded securities

    beginning of year $1,221,760 · end of year $1,413,140

  • 15 · Other assets

    beginning of year $0 · end of year $29,104

  • 17 · Accounts payable and accrued expenses

    beginning of year $203,089 · end of year $201,863

  • 25 · Other liabilities

    beginning of year $0 · end of year $31,444

  • 27 · Net assets without donor restrictions

    beginning of year $2,942,342 · end of year $2,475,493

  • 28 · Net assets with donor restrictions

    beginning of year $1,373,687 · end of year $1,622,479

Mission and programs · 2022

Mission

COLLABORATING WITH ARTISTS, REVEALING NEW POSSIBILITIES.

  • ARTISTS-IN-RESIDENCE PROGRAM - FWM COLLABORATES WITH CONTEMPORARY ARTISTS TO CREATE NEW WORKS USING EXPERIMENTAL MATERIALS AND TECHNIQUES. THE PROGRAM SUPPORTS EMERGING AND ESTABLISHED ARTISTS FROM AROUND THE WORLD BY PROVIDING HONORARIUMS AND MATERIALS AND EMPLOYING ITS FACILITIES AND STAFF TO ADDRESS THEIR CREATIVE NEEDS.

    Expenses $834,325

  • EXHIBITIONS - NEW WORK CREATED BY ARTISTS-IN-RESIDENCE FOR EXHIBITION AT FWM AND IN MUSEUMS AND GALLERIES AROUND THE WORLD. ARTWORKS FROM FWM'S PERMANENT COLLECTION ALSO SERVE AS THE BASIS FOR EXHIBITIONS AT FWM, AND ARE LOANED TO PEER INSTITUTIONS.

    Expenses $874,724 · Revenue $107,946

  • EDUCATIONAL PROGRAMS - FWM CONDUCTS LECTURES, TOURS, WORKSHOPS, AND PRODUCES PUBLICATIONS IN ORDER TO EDUCATE THE GENERAL PUBLIC ABOUT NEW FORMS OF ART AND EXHIBITION-MAKING. LOCAL YOUTH PARTICIPATE IN FAMILY AND AFTER SCHOOL EDUCATIONAL PROGRAMS FOR TRAINING IN SCREENPRINTING AND OTHER ARTISTIC TECHNIQUES. HIGH SCHOOL, COLLEGE, AND POST-GRADUATE APPRENTICE PROGRAMS OFFER STUDENTS THE OPPORTUNITY TO LEARN ALL ASPECTS OF SCREENPRINTING AND OTHER ART PRODUCTION TECHNIQUES, WHILE ALSO PARTICIPATING IN DAILY MUSEUM OPERATIONS.

    Expenses $258,693 · Revenue $80,233

As filed on the 2022 return.

Listed in Part VII

  • Maja Paumgarten Parker

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Jill Bonovitz

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Regina Morgan

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Harry Feldman

    SECRETARY (EFF 5/2023)

    Total calculated
    $0
    Hours/week
    0.5

  • Toyin Ajayi-Frankel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Margaret McGreal

    SECRETARY (TIL 5/2023)

    Total calculated
    $0
    Hours/week
    0.5

  • Lynn Leonard Hitschler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Emanuel Kelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ann Loftus

    DIRECTR (TIL 5/2023)

    Total calculated
    $0
    Hours/week
    0.5

  • Laurie McGahey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Eugene Mopsik

    DIRECTOR (TIL 5/2023)

    Total calculated
    $0
    Hours/week
    0.5

  • John B Ravenal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Gerri Spika

    DIRECTOR (EFF 5/2023)

    Total calculated
    $0
    Hours/week
    0.5

  • Jeremy Tenenbaum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Rachel Wonder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jeanne Sigler

    DIRECTOR (TIL 5/2023)

    Total calculated
    $0
    Hours/week
    0.5

  • Harry Philbrick

    INTERIM EXEC DIR (EFF 3/2023)

    Total calculated
    $0
    Hours/week
    40

  • Christina Vassallo

    EXECUTIVE DIRECTOR (TIL 3/2023)

    Total calculated
    $178,992
    From this org
    $178,992
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,992
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $178,992

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 August 2024
IRS schema version
2022v5.0
Source object
202402289349300705

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