What the amendment changed
Compared with the return it replaced , filed 30 April 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
- Total revenue
- $2,008,633 changed to $2,184,750
- Total expenses
- $892,471 changed to $599,453
- Other revenue
- $4,470 changed to $180,587
- Total assets, end of year
- $12,482,501 changed to $13,526,293
- Net assets or fund balances, end of year
- $12,482,501 changed to $13,526,293
- Program services expenses
- $516,987 changed to $540,006
- Management and general expenses
- $375,484 changed to $59,447
- Program service expenses (Part III)
- not reported changed to $540,006
Listed only on the earlier return
- FRANK P LOUCHHEIM
- PNC BANK N A
Totals
- Total revenue
- $2,184,750
- Total expenses
- $599,453
- Contributions and grants received
- $0
- Grants paid
- $466,480
- Program service revenue
- $0
- Investment income
- $2,004,163
- Other revenue
- $180,587
- Total assets, end of year
- $13,526,293
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $13,526,293
- Program services expenses (Part IX)
- $540,006
- Management and general expenses
- $59,447
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $540,006
Program services were 90.1% 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 $285,524 · excluded $285,524
-
7a · Gross sales of assets other than inventory
securities $8,350,737
-
7b · Less cost or other basis and sales expenses
securities $6,632,098
-
7c · Gain or loss
securities $1,718,639
-
7d · Net gain or loss
total $1,718,639 · excluded $1,718,639
-
11d · All other revenue
total $180,587 · unrelated business $17,467 · excluded $163,120
-
11e · Other revenue, total
$180,587
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $466,480 · program services $466,480
-
5 · Compensation of officers, directors and key employees
total $88,941 · program services $44,471 · management and general $44,470
-
11b · Fees: legal
total $11,214 · program services $11,214
-
11f · Fees: investment management
total $7,211 · management and general $7,211
-
22 · Depreciation, depletion and amortization
total $3,254 · program services $3,254
-
23 · Insurance
total $5,427 · program services $5,427
-
24a · Other expenses: Foreign Taxes
total $7,752 · management and general $7,752
-
24b · Other expenses: Consultiong Fees
total $7,500 · program services $7,500
-
24c · Other expenses: Membership Fees
total $1,660 · program services $1,660
-
24d · Other expenses: 990T Estimated Taxes
total $9 · management and general $9
-
24e · All other expenses
total $5 · management and general $5
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $6
-
2 · Savings and temporary cash investments
beginning of year $608,205 · end of year $576,517
-
10a · Land, buildings and equipment: cost or other basis
$627,168
-
10b · Land, buildings and equipment: accumulated depreciation
$3,254
-
10c · Land, buildings and equipment, net
end of year $623,914
-
11 · Investments: publicly traded securities
beginning of year $9,049,182 · end of year $10,108,831
-
12 · Investments: other securities
beginning of year $1,718,393 · end of year $2,217,025
-
29 · Capital stock, trust principal or current funds
beginning of year $11,374,301 · end of year $13,529,547
-
31 · Retained earnings, endowment or other funds
beginning of year $1,479 · end of year -$3,254
Mission and programs · 2024
Mission
TO PROVIDE FINANCIAL SUPPORT TO THE PHILADELPHIA MUSEUM OF ART FOR UPKEEP AND OPERATION OF THE GRAPHIC SKETCH CLUB, RENAMED THE SAMUEL S. FLEISHER ART MEMORIAL, AS A TEACHING INSTITUTION, MUSEUM OR SANCTUARY.
-
TO PROVIDE FINANCIAL SUPPORT TO THE PHILADELPHIA MUSEUM OF ARTFOR UPKEEP AND OPERATION OF THE SAMUELS FLEISHER ART MEMORIAL.
Expenses $540,006 · Grants $466,480
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
JOHN P LOUCHHEIM
CO-TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
THE GLENMEDE TRUST CO N A
CO-TRUSTEE
- Total calculated
- $88,941
- From this org
- $88,941
- From related orgs
- $0
- Other
- $0
- Hours/week
- 18
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
-
$466,480
TO PROVIDE FINANCIAL SUPPORT FOR THE UPKEEP OF THE SAMUEL FLEISHER ART MEMORIAL
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.
-
501(C)(3) · GENERAL SUPPORT · PA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 30 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513169349301506
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