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Nonprofiteer
← PHILADELPHIA CITY INSTITUTE

Form 990 for tax year 2022

Filed by PHILADELPHIA CITY INSTITUTE.

Totals

Total revenue
$279,894
Total expenses
$371,295
Contributions and grants received
$0
Grants paid
$327,000
Program service revenue
$0
Investment income
$279,894
Other revenue
$0
Total assets, end of year
$5,448,383
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$5,448,383
Program services expenses (Part IX)
$338,666
Management and general expenses
$32,629
Fundraising expenses
$0
Program service expenses (Part III)
$338,666

Program services were 91.2% 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.

  • 3 · Investment income

    total $159,444 · excluded $159,444

  • 7a · Gross sales of assets other than inventory

    securities $1,550,993

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

    securities $1,430,543

  • 7c · Gain or loss

    securities $120,450

  • 7d · Net gain or loss

    total $120,450 · excluded $120,450

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $327,000 · program services $327,000

  • 11f · Fees: investment management

    total $26,835 · management and general $26,835

  • 19 · Conferences, conventions and meetings

    total $3,924 · management and general $3,924

  • 23 · Insurance

    total $13,257 · program services $11,666 · management and general $1,591

  • 24a · Other expenses: MISCELLANEOUS

    total $279 · management and general $279

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $215,314 · end of year $262,749

  • 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 $5,174,470 · end of year $5,035,634

  • 29 · Capital stock, trust principal or current funds

    beginning of year $5,539,784 · end of year $5,448,383

  • 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 · 2022

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 $338,666 · Grants $327,000

As filed on the 2022 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

    Total calculated
    $0
    Hours/week
    1

  • Hans Bombeck

    BOARD MANAGER

    Total calculated
    $0
    Hours/week
    1

  • George Reath Jr Esq

    BOARD MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Rita Hunter

    BOARD MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Lewis L Neilson Jr Esq

    BOARD MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Ray Edgerton

    BOARD MANAGER

    Total calculated
    $0
    Hours/week
    1

  • James Hill

    BOARD MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Priscilla Lukens

    BOARD MANAGER

    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

    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
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349331541

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