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← PENNSYLVANIA ACADEMY OF THE FINE ARTS

Form 990 for tax year 2022

Filed by PENNSYLVANIA ACADEMY OF THE FINE ARTS.

Totals

Total revenue
$17,455,345
Total expenses
$21,905,254
Contributions and grants received
$5,701,224
Grants paid
$3,675,596
Program service revenue
$9,138,163
Investment income
$2,391,392
Other revenue
$224,566
Total assets, end of year
$120,817,479
Total liabilities, end of year
$29,361,532
Net assets or fund balances, end of year
$91,455,947
Program services expenses (Part IX)
$17,699,609
Management and general expenses
$3,079,222
Fundraising expenses
$1,126,423
Program service expenses (Part III)
$17,699,609

Program services were 80.8% 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.

  • 1c · Fundraising events

    $385,745

  • 1e · Government grants (contributions)

    $109,000

  • 1f · All other contributions, gifts and grants

    $5,206,479

  • 1g · Noncash contributions included above

    $470,723

  • 2a · Program service revenue: TUITION AND FEES

    total $7,304,309 · related or exempt $7,304,309

  • 2b · Program service revenue: CONTINUING EDUCATION

    total $739,894 · related or exempt $739,894

  • 2c · Program service revenue: RENTALS FOR EXEMPT ACT.

    total $496,683 · related or exempt $496,683

  • 2d · Program service revenue: MUSEUM ADMISS/COLLECT

    total $299,902 · related or exempt $299,902

  • 2e · Program service revenue: WOMENS BOARD REVENUE

    total $297,375 · related or exempt $297,375

  • 3 · Investment income

    total $1,666,052 · excluded $1,666,052

  • 6a · Gross rents

    real property $140,220

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $140,220

  • 6d · Net rental income or loss

    total $140,220 · excluded $140,220

  • 7a · Gross sales of assets other than inventory

    securities $15,107,644

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

    securities $14,382,304

  • 7c · Gain or loss

    securities $725,340

  • 7d · Net gain or loss

    total $725,340 · excluded $725,340

  • 8a · Fundraising events: gross income

    $129,897

  • 8a · Fundraising events: contributions included on line 1c

    $385,745

  • 8b · Fundraising events: direct expenses

    $210,272

  • 8c · Net income from fundraising events

    total -$80,375 · excluded -$80,375

  • 10a · Gross sales of inventory

    $261,028

  • 10b · Cost of goods sold

    $98,714

  • 10c · Net income from sales of inventory

    total $162,314 · related or exempt $108,951 · unrelated business $53,363

  • 11a · Other revenue: MISCELLANEOUS

    total $2,407 · related or exempt $2,407

  • 11e · Other revenue, total

    $2,407

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $3,675,596 · program services $3,675,596

  • 5 · Compensation of officers, directors and key employees

    total $272,726 · management and general $272,726

  • 7 · Other salaries and wages

    total $6,663,480 · program services $4,631,616 · management and general $1,267,227 · fundraising $764,637

  • 8 · Pension plan contributions

    total $179,378 · program services $125,963 · management and general $32,313 · fundraising $21,102

  • 9 · Other employee benefits

    total $637,525 · program services $439,027 · management and general $124,953 · fundraising $73,545

  • 10 · Payroll taxes

    total $499,358 · program services $332,728 · management and general $110,891 · fundraising $55,739

  • 11b · Fees: legal

    total $58,024 · program services $24,492 · management and general $33,532

  • 11c · Fees: accounting

    total $78,543 · management and general $78,543

  • 11f · Fees: investment management

    total $214,591 · management and general $214,591

  • 11g · Fees: other

    total $851,479 · program services $439,552 · management and general $391,604 · fundraising $20,323

  • 12 · Advertising and promotion

    total $148,058 · program services $105,092 · management and general $41,694 · fundraising $1,272

  • 13 · Office expenses

    total $670,013 · program services $572,396 · management and general $20,792 · fundraising $76,825

  • 14 · Information technology

    total $80,051 · management and general $80,051

  • 16 · Occupancy

    total $2,127,303 · program services $2,127,303

  • 17 · Travel

    total $257,487 · program services $228,486 · management and general $13,997 · fundraising $15,004

  • 19 · Conferences, conventions and meetings

    total $23,438 · program services $4,320 · management and general $19,034 · fundraising $84

  • 20 · Interest

    total $875,445 · program services $804,952 · management and general $70,493

  • 22 · Depreciation, depletion and amortization

    total $1,975,219 · program services $1,975,219

  • 23 · Insurance

    total $449,253 · program services $449,253

  • 24a · Other expenses: INSTALLATIONS

    total $824,997 · program services $824,997

  • 24b · Other expenses: MEMBERSHIP DUES AND SUB

    total $409,668 · program services $201,426 · management and general $205,307 · fundraising $2,935

  • 24c · Other expenses: RENTAL EXPENSES - STUDE

    total $259,369 · program services $259,369

  • 24d · Other expenses: RECEPTIONS AND ENTERTAI

    total $205,150 · program services $82,249 · management and general $30,262 · fundraising $92,639

  • 24e · All other expenses

    total $469,103 · program services $395,573 · management and general $71,212 · fundraising $2,318

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $871,007 · end of year $271,094

  • 2 · Savings and temporary cash investments

    beginning of year $2,297,663 · end of year $2,652,018

  • 3 · Pledges and grants receivable

    beginning of year $1,103,935 · end of year $1,283,538

  • 4 · Accounts receivable

    beginning of year $12,762 · end of year $152,422

  • 8 · Inventories for sale or use

    beginning of year $112,982 · end of year $100,461

  • 9 · Prepaid expenses and deferred charges

    beginning of year $353,882 · end of year $241,212

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

    $83,123,643

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

    $35,558,168

  • 10c · Land, buildings and equipment, net

    beginning of year $49,111,490 · end of year $47,565,475

  • 11 · Investments: publicly traded securities

    beginning of year $38,720,705 · end of year $39,077,378

  • 12 · Investments: other securities

    beginning of year $22,100,141 · end of year $26,019,594

  • 15 · Other assets

    beginning of year $3,094,595 · end of year $3,454,287

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,228,266 · end of year $1,242,585

  • 19 · Deferred revenue

    beginning of year $229,960 · end of year $182,490

  • 20 · Tax-exempt bond liabilities

    beginning of year $24,733,579 · end of year $24,666,521

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $3,250,000

  • 25 · Other liabilities

    beginning of year $275,633 · end of year $19,936

  • 27 · Net assets without donor restrictions

    beginning of year $50,763,226 · end of year $47,773,114

  • 28 · Net assets with donor restrictions

    beginning of year $40,548,498 · end of year $43,682,833

Mission and programs · 2022

Mission

THE ACADEMY OPERATES A POST-SECONDARY EDUCATIONAL PROGRAM IN FINE ARTS AS WELL AS A GALLERY COLLECTION OF AMERICAN ART. IN ADDITION, THE ACADEMY SPONSORS FINE ARTS CLASSES FOR ALL AGES AND FREE ARTS PROGRAMS.

Activities or mission (Part I)

AS THE FIRST ART MUSEUM AND SCHOOL IN THE US, PAFA CELEBRATES THE TRANSFORMATIVE POWER OF ART AND ART-MAKING.

  • PAFA'S POST-SECONDARY FINE ARTS PROGRAM OFFERS PROGRAMS IN PAINTING, PRINT-MAKING, SCULPTING AND DRAWING. THE SCHOOL GRANTS A FOUR YEAR CERTIFICATE, A BACHELOR OF FINE ARTS DEGREE, AND A MASTER OF FINE ARTS DEGREE.

    Expenses $14,015,741 · Grants $3,675,596 · Revenue $7,306,716

  • PAFA OPERATES A GALLERY THAT DISPLAYS GREAT WORKS OF AMERICAN ART. IT IS THE OLDEST SUCH GALLERY IN THE U.S. AND ITS PRINCIPAL BUILDING IS A HISTORICAL STRUCTURE. THE SCHOOL ALSO HOSTS SEVERAL SPECIAL EXHIBITIONS EACH YEAR.

    Expenses $2,987,567 · Revenue $1,202,911

  • PUBLIC EDUCATION TEAM SPONSORS FINE ART CLASSES FOR ALL AGES BOTH ON AND OFF-SITE.

    Expenses $696,301 · Revenue $739,894

As filed on the 2022 return.

Listed in Part VII

  • ANNE E MCCOLLUM

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • ERIC G PRYOR

    PRESIDENT & CEO

    Total calculated
    $373,977
    From this org
    $335,192
    From related orgs
    $0
    Other
    $38,785
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $310,192
    Bonus
    $25,000
    Other
    $0
    Deferred
    $9,154
    Nontaxable benefits
    $29,631
    Filer's total
    $373,977

  • SUSAN M HENDRICKSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • CHARLES E CHASE

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • WILLIAM P HANKOWSKY

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    5

  • REGINALD M BROWNE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • EMILY CAVANAUGH

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • ERIC W NOLL

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • JOSEPH D CULLEY

    TREASURER, VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • DONALD R CALDWELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • JONATHAN L COHEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • MARIANNE DEAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • KEVIN F DONOHOE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • MARK A DOUGLAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • JILL HOLLER DUROVSIK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • ROBERT I FRIEDMAN ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • PIA HALLORAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • CHARLES H HARPER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • JONATHAN HIRSCH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • RO KING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • SUSAN KLINE KLEHR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • ROBERT E KOHLER PH D

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • JOEL M KOPPELMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • ANDREW KRESS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • JANNIE K LAU

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • MARGUERITE LENFEST

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • VALENTINE JAMES LINK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • WINSTON I LOWE ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • KENNETH MITCHELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • JBRIEN MURPHY MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • SANDRA NORCROSS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • JAMES E O'NEILL ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • THOMAS N PAPPAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • THEODORE O ROGERS JR ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • GREGORY L SEGALL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • ARLEN SHENKMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • JUNE MARSHALL SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • RICHARD W SNOWDEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • JOHN TOATES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • ROBERT CLARK WILLIAMS JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • KENNETH R WOODCOCK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • ELLIOT CLARK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • WILLIAM FARRELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • LYDIA HAMILTON BROWN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • BRYAN P BAUGH MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • MARYANNE MURPHY

    CHIEF FINANCIAL OFFICER

    Total calculated
    $256,141
    From this org
    $227,000
    From related orgs
    $0
    Other
    $29,141
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,000
    Bonus
    $25,000
    Other
    $0
    Deferred
    $9,074
    Nontaxable benefits
    $20,067
    Filer's total
    $256,141

  • CLINT JUKKALA

    DEAN OF SCHOOL OF FINE ART

    Total calculated
    $227,892
    From this org
    $202,000
    From related orgs
    $0
    Other
    $25,892
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,000
    Bonus
    $0
    Other
    $0
    Deferred
    $8,035
    Nontaxable benefits
    $17,857
    Filer's total
    $227,892

  • LISA KUHNLE-BIAGAS

    CHIEF HR OFFICER

    Total calculated
    $227,931
    From this org
    $202,000
    From related orgs
    $0
    Other
    $25,931
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,000
    Bonus
    $0
    Other
    $0
    Deferred
    $8,074
    Nontaxable benefits
    $17,857
    Filer's total
    $227,931

  • JANE ALLSOPP

    VP MAJOR GIFTS

    Total calculated
    $226,995
    From this org
    $202,000
    From related orgs
    $0
    Other
    $24,995
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,000
    Bonus
    $10,000
    Other
    $0
    Deferred
    $7,138
    Nontaxable benefits
    $17,857
    Filer's total
    $226,995

  • RYAN BURTON-ROMERO

    DEAN OF STUDENTS AND ENROL

    Total calculated
    $199,443
    From this org
    $176,753
    From related orgs
    $0
    Other
    $22,690
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,753
    Bonus
    $0
    Other
    $0
    Deferred
    $7,065
    Nontaxable benefits
    $15,625
    Filer's total
    $199,443

  • MEGAN MCCARTHY

    SENIOR DIRECTOR INDIVIDUAL GIVING

    Total calculated
    $164,341
    From this org
    $145,640
    From related orgs
    $0
    Other
    $18,701
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,640
    Bonus
    $0
    Other
    $0
    Deferred
    $5,826
    Nontaxable benefits
    $12,875
    Filer's total
    $164,341

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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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
13 May 2024
IRS schema version
2022v5.0
Source object
202441349349305879

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