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Nonprofiteer
← ATHENAEUM OF PHILADELPHIA

Form 990 for tax year 2022

Filed by ATHENAEUM OF PHILADELPHIA.

Totals

Total revenue
$2,839,249
Total expenses
$1,631,017
Contributions and grants received
$662,570
Grants paid
$29,500
Program service revenue
$410,597
Investment income
$1,752,072
Other revenue
$14,010
Total assets, end of year
$27,799,626
Total liabilities, end of year
$65,031
Net assets or fund balances, end of year
$27,734,595
Program services expenses (Part IX)
$1,150,918
Management and general expenses
$311,098
Fundraising expenses
$169,001
Program service expenses (Part III)
$1,150,918

Program services were 70.6% 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.

  • 1f · All other contributions, gifts and grants

    $662,570

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $249,330 · related or exempt $249,330

  • 2b · Program service revenue: OUTSIDE SERVICES

    total $130,944 · related or exempt $54,562 · unrelated business $76,382

  • 2c · Program service revenue: PROGRAMS-MEMBERS,OTHERS

    total $30,205 · related or exempt $30,205

  • 2d · Program service revenue: SALE OF PUBLICATIONS

    total $118 · related or exempt $118

  • 3 · Investment income

    total $404,248 · excluded $404,248

  • 7a · Gross sales of assets other than inventory

    securities $18,912,354

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

    securities $17,564,530

  • 7c · Gain or loss

    securities $1,347,824

  • 7d · Net gain or loss

    total $1,347,824 · excluded $1,347,824

  • 11a · Other revenue: MISCELLANEOUS

    total $14,010 · related or exempt $14,010

  • 11e · Other revenue, total

    $14,010

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $29,500 · program services $29,500

  • 5 · Compensation of officers, directors and key employees

    total $186,547 · program services $83,946 · management and general $55,964 · fundraising $46,637

  • 7 · Other salaries and wages

    total $376,973 · program services $278,129 · management and general $65,681 · fundraising $33,163

  • 8 · Pension plan contributions

    total $31,005 · program services $20,154 · management and general $6,591 · fundraising $4,260

  • 9 · Other employee benefits

    total $73,766 · program services $52,187 · management and general $13,830 · fundraising $7,749

  • 10 · Payroll taxes

    total $42,111 · program services $27,374 · management and general $8,952 · fundraising $5,785

  • 11b · Fees: legal

    total $13,434 · management and general $13,434

  • 11c · Fees: accounting

    total $44,282 · management and general $44,282

  • 11f · Fees: investment management

    total $26,664 · management and general $26,664

  • 11g · Fees: other

    total $67,881 · program services $14,183 · management and general $28,630 · fundraising $25,068

  • 13 · Office expenses

    total $96,339 · program services $76,649 · management and general $7,438 · fundraising $12,252

  • 16 · Occupancy

    total $171,638 · program services $123,408 · management and general $29,297 · fundraising $18,933

  • 22 · Depreciation, depletion and amortization

    total $205,054 · program services $205,054

  • 23 · Insurance

    total $43,379 · program services $30,798 · management and general $6,144 · fundraising $6,437

  • 24a · Other expenses: MEMBER PROGRAMMING

    total $119,872 · program services $116,103 · management and general $283 · fundraising $3,486

  • 24b · Other expenses: COLLECTION STORAGE OFF-

    total $66,745 · program services $66,745

  • 24c · Other expenses: PROFESSIONAL DUES

    total $7,153 · program services $5,884 · management and general $771 · fundraising $498

  • 24d · Other expenses: ACQUISITIONS AND CONSER

    total $2,009 · program services $2,009

  • 24e · All other expenses

    total $26,665 · program services $18,795 · management and general $3,137 · fundraising $4,733

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $321,022 · end of year $214,451

  • 2 · Savings and temporary cash investments

    beginning of year $2,736,748 · end of year $1,703,458

  • 3 · Pledges and grants receivable

    beginning of year $296,228 · end of year $218,736

  • 4 · Accounts receivable

    beginning of year $31,297 · end of year $15,073

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,969 · end of year $8,063

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

    $7,238,211

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

    $3,431,366

  • 10c · Land, buildings and equipment, net

    beginning of year $1,503,149 · end of year $3,806,845

  • 11 · Investments: publicly traded securities

    beginning of year $15,165,972 · end of year $14,849,336

  • 15 · Other assets

    beginning of year $6,678,156 · end of year $6,983,664

  • 17 · Accounts payable and accrued expenses

    beginning of year $234,502 · end of year $65,031

  • 27 · Net assets without donor restrictions

    beginning of year $6,890,814 · end of year $8,607,707

  • 28 · Net assets with donor restrictions

    beginning of year $19,623,225 · end of year $19,126,888

Mission and programs · 2022

Mission

THE ATHENAEUM OF PHILADELPHIA NURTURES CURIOSITY IN MEMBERS AND NEIGHBORS, STRENGTHENING COMMUNITY THROUGH LEARNING, DISCOURSE AND MEANINGFUL ENGAGEMENT. THE ATHENAEUM IS A HISTORIC AND VIBRANT PHILADELPHIA-CENTERED AND MEMBER-SUPPORTED CIRCULATING LIBRARY, RESEARCH ARCHIVE AND CULTURAL FORUM DEDICATED TO HARNESSING OUR RESOURCES - OUR EXPERT STAFF, OUR COLLECTIONS OF BOOKS, ART AND ARCHITECTURE TREASURES AND OUR NATIONAL HISTORIC LANDMARK BUILDING - TO STRENGTHEN OUR GROWING COMMUNITY THROUGH IDEAS, CULTURAL ENGAGEMENT AND FELLOWSHIP.

  • MUSEUM/LIBRARY BUILDING: THE ATHENAEUM'S THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES IN FYE 2023 WERE 1) MAINTAINING AND OPERATING THE ATHENAEUM'S 1847 NATIONAL HISTORIC LANDMARK BUILDING AND ITS CIRCULATING AND SPECIAL COLLECTIONS; 2) PAYING THE SALARIES AND BENEFITS OF THE STAFF NEEDED TO PROVIDE PROGRAMS AND SERVICES TO MEMBERS AND THE PUBLIC AND CARE FOR THE BUILDING AND COLLECTIONS; AND 3) PROVIDE PUBLIC RESEARCH SUPPORT. 1) THE ATHENAEUM BUILDING AND COLLECTIONS REQUIRE CARE AND UPKEEP, WHICH IN FYE 2023 INCLUDED THE RESTORATION OF THE EXTERIOR OF THE BUILDING AND INTERIOR RENOVATIONS TO IMPROVE WORK SPACES FOR STAFF, EXHIBITION GALLERIES, AND WORK AND GATHERING SPACES FOR MEMBERS AND THE PUBLIC. THE SPECIAL COLLECTIONS CONSIST OF MORE THAN 800,000 BOOKS, MANUSCRIPTS, MAPS, PHOTOGRAPHS, AND ARCHITECTURAL DRAWINGS OF PARTICULAR VALUE TO ARCHITECTURAL HISTORIANS, HISTORIANS, AND PRESERVATIONIST. THOUSANDS ARE AVAILABLE FOR RESEARCH ON TWO SITES MAINTAINED BY THE ATHENAEUM: PHILAGEOHISTORY.ORG AND PHILADELPHIABUILDINGS.ORG AND WERE ACCESSED BY MORE THAN 150,000 PEOPLE IN FYE 2023, WHILE STAFF SERVED MORE THAN 30 RESEARCH REQUESTS IN PERSON, PHONE, OR VIA EMAIL EACH MONTH. THE ATHENAEUM'S CIRCULATING COLLECTION OF BOOKS, EBOOKS, AUDIOBOOKS, AND PERIODICALS THAT ARE PART OF THE CIRCULATING BUILDING ARE NOT CAPITALIZED. 2) PERSONNEL COSTS MAKE UP A LARGE PERCENTAGE OF THE ANNUAL BUDGET. OUR TEAM OF LIBRARIANS AND CURATOR CARE FOR OUR COLLECTIONS AND MAKE THEM AVAILABLE TO MEMBERS AND RESEARCHERS. IN FYE 2023, MORE THAN 8,000 ITEMS CIRCULATED. FRONT DESK, MEMBERSHIP, AND PROGRAMMING STAFF PROVIDED HOSPITALITY, TOURS, AND A ROBUST SCHEDULE OF MORE THAN 100 PROGRAMS AND EVENTS IN FYE2023, ALMOST ALL OF WHICH WERE OPEN TO BOTH MEMBERS AND THE PUBLIC. 3) PUBLIC RESEARCH SUPPORT. THE ATHENAEUM SUPPORTS A ROBUST PROGRAM OF FELLOWSHIPS, INTERNSHIPS, AND PRIZES THROUGH THE CHARLES E. PETERSON FELLOWSHIP AND THE PETERSON PRIZES. EACH YEAR, THE CHARLES E. PETERSON FELLOWSHIP COMMITTEE REVIEWS APPLICATIONS AND AWARDS FUNDING TO RESEARCHERS AND SCHOLARS WHOSE PROJECTS FOCUS ON AMERICAN ARCHITECTURE, DESIGN, LANDSCAPE, OR ENGINEERING PRIOR TO 1860. THE FELLOWSHIP ALSO SUPPORTS 1-3 UNDERGRADUATE OR GRADUATE INTERNS TO GAIN EXPERIENCE WORKING WITH OUR ARCHITECTURAL COLLECTIONS. TEE CHARLES E. PETERSON PRIZES ARE JOINTLY OVERSEEN BY THE ATHENAEUM OF PHILADELPHIA, THE LIBRARY OF CONGRESS, THE NATIONAL PARK SERVICE, AND THE AMERICAN INSTITUTE OF ARCHITECTS, AND AWARD CASH PRIZES TO TEAMS OF COLLEGE STUDENTS FOR THE BEST ARCHITECTURAL DRAWINGS OF HISTORIC STRUCTURES IN CONJUNCTION WITH THE NATIONAL PARK SERVICE'S HISTORIC AMERICAN BUILDINGS SURVEY (HABS) PROGRAM.

    Expenses $1,150,918 · Grants $29,500 · Revenue $410,597

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joan Countryman

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Adele Gorrilla

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Michael Horgan

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Lynn Schwartz

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.3

  • Jeffrey Cooper

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Michael Gary

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Lea Sherk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Robert Linck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Gregory Montanaro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Robert Morris Steiner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • David Rowland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Veronica Chapman-Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • F Scott Donahue Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Richard Bartholomew

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Jeffrey Cohen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Nancy Moses

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Matt Rader

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Bernard Resnick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Ralph Rosen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Beth Hessel

    EXECUTIVE DIRECTOR

    Total calculated
    $183,200
    From this org
    $161,019
    From related orgs
    $0
    Other
    $22,181
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,019
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $22,181
    Filer's total
    $183,200

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

None.

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
8 May 2024
IRS schema version
2022v5.0
Source object
202411299349301911

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