WOODMERE ART MUSEUM

EIN: 231381459 501(c)(3) Arts, Culture & Humanities

PHILADELPHIA, PA

Total Revenue
$4,813,071
Total Expenses
$3,769,533
Total Assets
$38,429,133
Net Assets
$36,743,997
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Financial Trends

Organization Details

Formation Year
1940
Legal Domicile
PA
Principal Officer
WILLIAM R VALERIO
Phone
2152470476
Tax Period
2023-01-01 to 2023-12-31

WOODMERE ART MUSEUM, founded in 1940, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.8M in total revenue in fiscal year 2023. Revenue fell 68% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.0M, a strong 22% operating margin.

Mission

TO INSPIRE CREATIVITY, LEARNING AND SELF-EXPRESSION THROUGH EXPERIENCES WITH THE ART AND ARTISTS OF PHILADELPHIA AND THE REGION.

Program Service Accomplishments

Program 1
Expenses: $629,781 Revenue: $4,568,915

OVERALL: A DYNAMIC MUSEUM THAT CONTINUES TO GROW IN THE VITALITY OF ITS EXHIBITONS AND PROGRAMMING, WOODMERE IS THE ONLY ART MUSEUM SOLELY FOCUSED ON THE WORK OF ARTISTS OF THE PHILADELPHIA REGION...

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OVERALL: A DYNAMIC MUSEUM THAT CONTINUES TO GROW IN THE VITALITY OF ITS EXHIBITONS AND PROGRAMMING, WOODMERE IS THE ONLY ART MUSEUM SOLELY FOCUSED ON THE WORK OF ARTISTS OF THE PHILADELPHIA REGION. THE MUSEUM ENGAGES A GROWING AND INCREASINGLY DIVERSE AUDIENCE THROUGH TEN OR MORE CHANGING EXHIBITIONS AND VIBRANT YEAR-ROUND PROGRAMMING. THE COLLECTION OF APPROXIMATELY 10,000 WORKS OF ART INCLUDES THE LARGEST CONCENTRATION OF WORK BY VIOLET OAKLEY AND HER CIRCLE, AS WELL AS IMPORTANT WORKS BY CHARLES WILLSON PEALE, BENJAMIN WEST, THOMAS SULLY, FREDERIC CHURCH, ARTHUR B. CHARLES, BO BARTLETT, AND MANY OTHERS. IN ADDITION,WOODMERE'S HELEN MILLARD CHILDREN'S GALLERY SHOWCASES FIVE EXHIBITIONS ANNUALLY OF ART MADE BY CHILDREN REPRESENTING THE MODEL PROJECTS IN ARTS EDUCATION THAT CAN BE REPLICATED BY TEACHERS. THE MUSEUM ALSO OFFERS AN EXPERIENCE OF OUTDOOR SCULPTURE IN THE CONTEXT OF NATURE AND THE ENVIRONMENTAL FEATURES OF THE MUSEUM'S GROUNDS. WOODMERE CONTINUES TO DEVELOP AND INTEGRATE THE EXPERIENCE ACROSS THE GROUNDS IN A MANNER THAT BRINGS ART IN CONVERSATION WITH ENVIRONMENTAL SCIENCE AND HORTICULTURAL INTEREST. FURTHER ENGAGEMENT WITH THE PUBLIC IS PROVIDED THROUGH AN EXPANSIVE ARRAY OF EDUCATIONAL PROGRAMS, SUCH AS A MUSIC SERIES PROGRAM, LECTURES, TOURS AND FILM. IN THE FALL OF 2021, WOODMERE ACQUIRED A 17,000 SQUARE-FOOT MANSION NAMED FRANCES M. MAGUIRE HALL FOR ART AND EDUCATION AT WOODMERE ART MUSEUM WHICH WILL ALLOW FOR A MAJOR TRANSFORMATIVE EXPANSION OF THE MUSEUM'S EXHIBITION AND OUTDOOR SPACES. IN ADDITION, THIS EXPANSION WILL PROVIDE A NEW DROP-IN ART SPACE FOR SCHOOL GROUPS AND FAMILIES AND WILL AUGMENT THE MUSEUM'S HIGHLY SUCCESSFUL EDUCATIONAL PROGRAMMING DESCRIBED ABOVE.WOODMERE IS ACCREDITED BY THE AMERICAN ALLIANCE OF MUSEUMS, A DISTINCTION HELD BY APPROXIMATELY THREE PERCENT OF ALL MUSEUMS NATIONWIDE. ALSO, ON THE NATIONAL REGISTER OF HISTORIC PLACES, WOODMERE IS DESIGNATED A SIGNIFICANT STRUCTURE THAT CONTRIBUTES TO THE CHARACTER OF THE CHESTNUT HILL HISTORIC DISTRICT IN PHILADELPHIA

Program 2
Expenses: $841,016 Revenue: $244,156

EDUCATION - EXHIBITIONS AT WOODMERE SERVE AS A PLATFORM FOR ONGOING SERIES OF EDUCATIONAL OPPORTUNITIES, LECTURES, GALLERY TALKS, FAMILY FESTIVALS, SCHOOL PROGRAMS, "ART OF OBSERVATION" PROGRAMS WITH...

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EDUCATION - EXHIBITIONS AT WOODMERE SERVE AS A PLATFORM FOR ONGOING SERIES OF EDUCATIONAL OPPORTUNITIES, LECTURES, GALLERY TALKS, FAMILY FESTIVALS, SCHOOL PROGRAMS, "ART OF OBSERVATION" PROGRAMS WITH MEDICAL SCHOOLS, AND PANEL DISCUSSIONS FEATURING TOP SCHOLARS AND ARTISTS. CLASSES ARE TAUGHT BY EDUCATORS AND PROFESSIONAL ARTISTS. APPROXIMATELY 3,100 ADULTS AND CHILDREN WERE ENROLLED IN ART CLASSES IN 2023.

Program 3
Expenses: $730,575

COLLECTIONS - CARING FOR WOODMERE'S COLLECTION OF MORE THAN 10,000 WORKS OF ART IS A PRIMARY ACTIVITY OF THE INSTITUTION. THE FOUNDER'S COLLECTION, THE CORE OF WHICH REMAINS ON VIEW AT WOODMERE TO...

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COLLECTIONS - CARING FOR WOODMERE'S COLLECTION OF MORE THAN 10,000 WORKS OF ART IS A PRIMARY ACTIVITY OF THE INSTITUTION. THE FOUNDER'S COLLECTION, THE CORE OF WHICH REMAINS ON VIEW AT WOODMERE TO THIS DAY, CONCENTRATES ON POST-CIVIL WAR AMERICAN PAINTINGS, WORKS BY PHILADLPHIA ARTISTS OF THE 19TH CENTURY, AND LANDSCAPE PAINTINGS OF THE HUDSON RIVER SCHOOL. WOODMERE ALSO HOLDS ONE OF THE NATION'S PREMIER COLLECTION OF PENNSYVANIA IMPRESSIONISTS, THE CIRCLE OF VIOLET OAKLEY, THE CIRCLE OF ARTHUR B. CARLES, AND MODERN AND CONTEMPORARY ART OF PHILADELPHIA. REALISM, MODERNISM, PRINTMAKING, CONCEPTUAL ART, AND MANY OTHER THREADS OF ART HISTORY HAVE DISTINCT AND SIGNIFICANT CONFIGURATIONS IN PHILADELPHIA, MAKING WOODMERE'S COLLECTION AN IMPORTANT CULTURAL ASSET OF THE CITY.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,989,091
Program Service Revenue $281,895
Investment Income $502,776
Other Revenue $39,309
TOTAL REVENUE $4,813,071

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,575,750
Fundraising Expenses $549,033
Program Expenses $2,893,856
Other Expenses $2,193,783
TOTAL EXPENSES $3,769,533

Year-over-Year Comparison

2023 2022 Change
Revenue $4,813,071 $14,964,357 -0.7%
Expenses $3,769,533 $3,706,025 +0.0%
Net Income $1,043,538 $11,258,332 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
19
Independent Members
19
Employees
35
Volunteers
114

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$524,017
Total Directors
31
$524,017
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM VALERIO PHD EXECUTIVE DIRECTOR AND CEO 60.00
Officer Director
$238,193 $13,468 $251,661
STEPHANIE CEHELSKY CFO 50.00
Officer Director
$129,917 $13,767 $143,684
ANN STANDISH DIRECTOR OF ADVANCEMENT 50.00
Officer Director
$125,272 $3,400 $128,672
JAMES ALEXANDRE PRESIDENT 5.00
Officer Director
$0 $0 $0
AMY BRANCH VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
MARGARET STEELE SECRETARY 2.00
Officer Director
$0 $0 $0
JOHN AFFLECK ASSISTANT TREASURER 2.00
Officer Director
$0 $0 $0
MARGARET SADLER TREASURER 2.00
Officer Director
$0 $0 $0
SUE ELLEN ALDERMAN TRUSTEE 2.00
Director
$0 $0 $0
MICK BYERS TRUSTEE 2.00
Director
$0 $0 $0
ELIE-ANNE CHEVRIER TRUSTEE 2.00
Director
$0 $0 $0
DAVIRAH DINKINS TRUSTEE 1.00
Director
$0 $0 $0
LAWRENCE FINKELSTEIN ESQ TRUSTEE 4.00
Director
$0 $0 $0
IRMA FRALIC TRUSTEE 2.00
Director
$0 $0 $0
STEPHANIE FLAGG MD TRUSTEE 1.00
Director
$0 $0 $0
RYAN FARRAGUT TRUSTEE 3.00
Director
$0 $0 $0
SARAH LODGE TRUSTEE 3.00
Director
$0 $0 $0
KYLE SALATA TRUSTEE 3.00
Director
$0 $0 $0
LYNN HITSCHLER TRUSTEE (ADVISORY) 0.50
Director
$0 $0 $0
ANNA WOODWARD TRUSTEE (ADVISORY) 0.25
Director
$0 $0 $0
KATIE FRIEDLAND TRUSTEE 2.00
Director
$0 $0 $0
RUSSELL HARRIS MD TRUSTEE 2.00
Director
$0 $0 $0
RALPH HIRSHORN TRUSTEE 1.00
Director
$0 $0 $0
GLENNA STONE TRUSTEE 2.00
Director
$0 $0 $0
WILLIAM D WOLGIN TRUSTEE 0.25
Director
$0 $0 $0
SEDRA SCHIFFMAN EMERITI TRUSTEE 0.25
Director
$0 $0 $0
MARY ANN SALLY WIRTS EMERITI TRUSTEE 0.50
Director
$0 $0 $0
JOSEPH NICHOLSON EMERITI TRUSTEE 0.25
Director
$0 $0 $0
LEONARD KLORFINE EMERITI TRUSTEE 0.25
Director
$0 $0 $0
MARGUERITE LENFEST EMERITI TRUSTEE 0.50
Director
$0 $0 $0
DIANNE MEYER ESQ EMERITI TRUSTEE 0.25
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $4,813,071 $3,769,533 $38,429,133 $1,043,538
2022 $14,964,357 $3,706,025 $37,013,939 $11,258,332
2021 $11,242,422 $3,400,663 $28,719,427 $7,841,759
2020 $3,237,366 $3,026,031 $17,785,548 $211,335
2019 $2,742,588 $3,069,950 $16,353,008 $-327,362
2018 $2,844,266 $2,901,775 $15,558,384 $-57,509
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