The Fabric Workshop and Museum

EIN: 232018929 501(c)(3) Employment

Philadelphia, PA

Total Revenue
$2,408,729
Total Expenses
$3,402,420
Total Assets
$3,654,258
Net Assets
$3,427,439
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
PA
Principal Officer
Kelly shindler
Phone
2155618888
Tax Period
2023-10-01 to 2024-09-30

The Fabric Workshop and Museum, founded in 1976, is a community nonprofit in the Employment sector that reported $2.4M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $3.4M exceeded revenue, resulting in a 41% operating deficit.

Mission

COLLABORATING WITH ARTISTS, REVEALING NEW POSSIBILITIES.

Program Service Accomplishments

Program 1
Expenses: $736,013

ARTISTS-IN-RESIDENCE PROGRAM - FWM COLLABORATES WITH CONTEMPORARY ARTISTS TO CREATE NEW WORKS USING EXPERIMENTAL MATERIALS AND TECHNIQUES. THE PROGRAM SUPPORTS EMERGING AND ESTABLISHED ARTISTS FROM...

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ARTISTS-IN-RESIDENCE PROGRAM - FWM COLLABORATES WITH CONTEMPORARY ARTISTS TO CREATE NEW WORKS USING EXPERIMENTAL MATERIALS AND TECHNIQUES. THE PROGRAM SUPPORTS EMERGING AND ESTABLISHED ARTISTS FROM AROUND THE WORLD BY PROVIDING HONORARIUMS AND MATERIALS AND EMPLOYING ITS FACILITIES AND STAFF TO ADDRESS THEIR CREATIVE NEEDS.

Program 2
Expenses: $1,101,145 Revenue: $63,200

EXHIBITIONS - NEW WORK CREATED BY ARTISTS-IN-RESIDENCE FOR EXHIBITION AT FWM AND IN MUSEUMS AND GALLERIES AROUND THE WORLD. ARTWORKS FROM FWM'S PERMANENT COLLECTION ALSO SERVE AS THE BASIS FOR...

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EXHIBITIONS - NEW WORK CREATED BY ARTISTS-IN-RESIDENCE FOR EXHIBITION AT FWM AND IN MUSEUMS AND GALLERIES AROUND THE WORLD. ARTWORKS FROM FWM'S PERMANENT COLLECTION ALSO SERVE AS THE BASIS FOR EXHIBITIONS AT FWM AND ARE LOANED TO PEER INSTITUTIONS.

Program 3
Expenses: $169,162 Revenue: $34,259

EDUCATIONAL PROGRAMS - FWM CONDUCTS LECTURES, TOURS, WORKSHOPS, AND PRODUCES PUBLICATIONS IN ORDER TO EDUCATE THE GENERAL PUBLIC ABOUT NEW FORMS OF ART AND EXHIBITION-MAKING. LOCAL YOUTH PARTICIPATE...

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EDUCATIONAL PROGRAMS - FWM CONDUCTS LECTURES, TOURS, WORKSHOPS, AND PRODUCES PUBLICATIONS IN ORDER TO EDUCATE THE GENERAL PUBLIC ABOUT NEW FORMS OF ART AND EXHIBITION-MAKING. LOCAL YOUTH PARTICIPATE IN FAMILY AND AFTER SCHOOL EDUCATIONAL PROGRAMS FOR TRAINING IN SCREENPRINTING AND OTHER ARTISTIC TECHNIQUES. HIGH SCHOOL, COLLEGE, AND POST-GRADUATE APPRENTICE PROGRAMS OFFER STUDENTS THE OPPORTUNITY TO LEARN ALL ASPECTS OF SCREENPRINTING AND OTHER ART PRODUCTION TECHNIQUES, WHILE ALSO PARTICIPATING IN DAILY MUSEUM OPERATIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,062,884
Program Service Revenue $97,459
Investment Income $39,237
Other Revenue $209,149
TOTAL REVENUE $2,408,729

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,791,891
Fundraising Expenses $433,067
Program Expenses $2,006,320
Other Expenses $1,610,529
TOTAL EXPENSES $3,402,420

Year-over-Year Comparison

2023 2022 Change
Revenue $2,408,729 $2,689,214 -0.1%
Expenses $3,402,420 $3,065,678 +0.1%
Net Income $-993,691 $-376,464 +1.6%
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
14
Independent Members
14
Employees
65
Volunteers
28

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
6
$157,200
Total Directors
15
$157,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Harry Philbrick Interim Exec dir (til 9/2024) 40.0
Officer Director
$157,200 $0 $157,200
Maja Paumgarten Parker President 5.0
Officer Director
$0 $0 $0
Jill Bonovitz Vice President 0.5
Officer Director
$0 $0 $0
Regina Morgan Treasurer 5.0
Officer Director
$0 $0 $0
Harry Feldman Secretary 0.5
Officer Director
$0 $0 $0
Toyin Ajayi-Frankel Director 0.5
Director
$0 $0 $0
Lynn leonard Hitschler Director 0.5
Director
$0 $0 $0
Emanuel Kelly Director (til 1/2024) 0.5
Director
$0 $0 $0
shannon maldonaldo Director 0.5
Director
$0 $0 $0
Laurie McGahey Director 0.5
Director
$0 $0 $0
Gerri Spilka Director 0.5
Director
$0 $0 $0
Jeremy Tenenbaum Director 0.5
Director
$0 $0 $0
Rachel Wonder Director 0.5
Director
$0 $0 $0
Margaret maggie mcgreal Director 0.5
Director
$0 $0 $0
nick schonberger Director 0.5
Director
$0 $0 $0
kelly shindler Executive Director 40.0
Officer
$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 $2,408,729 $3,402,420 $3,654,258 $-993,691
2023 $2,689,214 $3,065,678 $4,331,279 $-376,464
2022 $3,221,727 $3,094,756 $4,519,118 $126,971
2021 $3,548,170 $2,791,428 $4,958,570 $756,742
2020 $2,703,580 $2,660,837 $3,961,637 $42,743
2019 $3,068,167 $2,982,160 $3,686,938 $86,007
2018 $2,737,550 $2,789,748 $3,586,946 $-52,198
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