2026-05-04T10:11:51-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 200 BRICKSTONE SQUARE SUITE 103 ANDOVER MA 01810 990 2024-12-11 331289358 ARTPHILLY ARTP 2673378755 1315 WALNUT STREET 732 PHILADELPHIA PA 191074710 KATHERINE SACHS BOARD PRESIDENT 2673378755 2026-04-27 1 0 LUKE BURNETT P01079018 9786202000 2026-04-21 2024 2025-03-06 01:10:19Z X WILLIAM ADAIR 1315 WALNUT STREET 732 PHILADELPHIA PA 191074710 2735640 0 X WWW.ARTPHILLY.ORG X 2024 PA TO AMPLIFY PHILADELPHIA'S ARTS AND CULTURE BY COMMISSIONING, PRESENTING, PRODUCING, AND PROMOTING ART OF ALL KINDS FOR LOCAL AUDIENCES AND THE WORLD. 3 2 0 2 0 0 2730341 0 0 5299 2735640 0 0 123480 0 82394 796424 919904 1815736 2389925 574189 1815736 X THE MISSION OF ARTPHILLY IS TO AMPLIFY PHILADELPHIA'S ARTS AND CULTURE BY COMMISSIONING, PRESENTING, PRODUCING, AND PROMOTING ART OF ALL KINDS FOR LOCAL AUDIENCES AND THE WORLD. ITS VISION IS TO SPOTLIGHT(CONTINUED ON SCHEDULE O)THE CITY OF PHILADELPHIA AS A GLOBALLY RECOGNIZED HUB FOR ARTS AND CULTURE, CELEBRATED FOR ITS VIBRANT CREATIVE COMMUNITIES AND DIVERSE ARTISTIC EXPRESSIONS. 0 0 636935 0 0 OUR PROGRAMMING SUPPORTS OUR MISSION TO STRENGTHEN PHILADELPHIA'S ARTS AND CULTURE BY PRESENTING, PRODUCING, AND PROMOTING VARIOUS ART FORMS FOR BOTH LOCAL AND GLOBAL AUDIENCES. WE ARE DEDICATED TO PRESENTING THE FULL BREADTH OF PHILADELPHIA'S CREATIVE EXPRESSIONS WHILE ADVANCING EQUITY AND ECONOMIC INCLUSION FOR THE REGION'S DIVERSE ARTISTS AND ARTS ORGANIZATIONS. THIS IS ACHIEVED THROUGH OUR CORE VALUES: (A) TRANSPARENCY: CREATING CONNECTIONS THAT ARE GENUINE AND BUILT ON TRUST, (B) COLLABORATION: FUELING COLLECTIVE CREATIVITY AND ENGAGING DIVERSE TALENTS, (C) EQUITY: PRACTICING RESPECTFUL AND POSITIVE RECOGNITION AND UNDERSTANDING, AND (D) EXCELLENCE: STRIVING WITH INTEGRITY FOR THE HIGHEST STANDARDS. 636935 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X THE ORGANIZATION 2673378755 1315 WALNUT STREET PHILADELPHIA PA 191074710 X KATHERINE SACHS PRESIDENT 1.00 X X 0 0 0 WILLIAM ADAIR CREATIVE & ED, TREASURER 40.00 X X 0 0 0 JOHN MCINERNEY SECRETARY 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 420000 2310341 2730341 MISCELLANEOUS 900099 5299 5299 5299 2735640 0 0 5299 27415 2742 21931 2742 77208 49137 15649 12422 9023 4474 3241 1308 9834 4877 3532 1425 7498 7498 10223 10223 53878 35504 7997 10377 82610 40964 29673 11973 13733 11768 1965 23045 23045 17145 8502 6158 2485 4030 4030 2525 2525 ARTIST & CURATORIAL FEE 469496 469496 REPAYMENT OF GRANT FUND 51486 51486 SPECIAL EVENTS 49133 9471 39662 EQUIPMENT LEASE & MAINT 9008 9008 2614 2614 919904 636935 200575 82394 973324 1120486 12482 49000 0 0 49000 0 234633 0 2389925 345658 0 228531 0 574189 X 865736 950000 0 1815736 0 2389925 1815736 0 X X 0 1 X 1 0 X 2730341 2730341 2730341 2730341 1185861 1544480 5299 5299 2735640 X PART II, SHORT YEAR EXPLANATION: THE ORGANIZATION WAS INCORPORATED ON 12/11/2024. THIS FORM 990 REPRESENTS THE ORGANIZATION'S INITIAL SHORT TAX YEAR FROM THE DATE OF INCORPORATION THROUGH 06/30/2025. SCHEDULE A REFLECTS CONTRIBUTIONS AND SUPPORT RECEIVED DURING THIS INITIAL SHORT PERIOD. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 49000 49000 49000 OPERATING RIGHT-OF-USE ASSETS 234633 234633 CURRENT LEASE LIABILITY - OPERATING 78431 LONG-TERM LEASE LIABILITY - OPERATING 150100 228531 X 2735640 0 2735640 0 2735640 919904 0 919904 0 919904 PART X, LINE 2: THE ORGANIZATION IS ORGANIZED AS A COMMONWEALTH OF PENNSYLVANIA NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(A) AS ORGANIZATIONS DESCRIBED IN IRC SECTION 501(C)(3), AND QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER IRC SECTIONS 170(B)(1)(A)(VI). THE ORGANIZATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ORGANIZATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSES. WE HAVE DETERMINED THAT THE ORGANIZATION IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAVE NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS.) MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. FORM 990, PART VI, SECTION A, LINE 1A THERE MAY BE AN EXECUTIVE COMMITTEE, WHICH SHALL BE COMPRISED OF THE OFFICERS OF THE ORGANIZATION. THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE THE POWERS AND AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT AND BUSINESS OF THE ORGANIZATION, EXCEPT THAT NEITHER THE EXECUTIVE COMMITTEE, NOR ANY OTHER COMMITTEE ESTABLISHED BY THE BOARD, SHALL HAVE POWER OR AUTHORITY AS TO: A) SUBMISSION TO THE MEMBERS OF ANY ACTION REQUIRING APPROVAL OF THE MEMBERS; B) THE CREATION OR FILLING OF VACANCIES OF THE BOARD OF DIRECTORS; C) THE ADOPTION, AMENDMENT, OR REPEAL OF THESE BYLAWS; D) THE AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD OF DIRECTORS THAT BY ITS TERMS IS AMENDABLE OR REPEALABLE ONLY BY THE BOARD; E) ACTION ON MATTERS COMMITTED BY THESE BYLAWS OR RESOLUTION OF THE BOARD OF DIRECTORS TO ANOTHER COMMITTEE OF THE BOARD; OR F) ACTION ON MATTERS PERTAINING TO THE ACQUISITION, SALE, MORTGAGE, OR PLEDGE OF REAL PROPERTY (SEE SECTION 6.2 OF THESE BYLAWS FOR BOARD APPROVAL REQUIRED). ANY ACTION OF COMMITTEES BESTOWED WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD SHALL BE COMMUNICATED TO THE BOARD AT THE NEXT BOARD MEETING. SUBJECT TO THE RESTRICTIONS ON THE COMMITTEE POWERS PROVIDED IN THIS SECTION 4.1, RATIFICATION OF COMMITTEE ACTION IS NOT REQUIRED. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION SHALL HAVE FOUR MEMBERS WHO SHALL BE NAMED IN THE ORGANIZATION'S ARTICLES OF INCORPORATION (THE "MEMBERS"), AS MAY BE AMENDED BY THE MEMBERS. PURSUANT TO 15 PA.C.S. 5769, EACH MEMBER MAY TRANSFER THE MEMBERSHIP (AND/OR ANY RIGHTS ARISING THEREFROM) AT ANY TIME IF THE MEMBER DOES SO IN WRITING PRIOR TO OR UPON THE TERMINATION OF THE MEMBER'S MEMBERSHIP INTERESTS (AND THE RIGHTS ARISING THEREFROM) AND PROVIDED THAT NOTHING OF VALUE IS GIVEN IN RETURN FOR SUCH TRANSFER. A MEMBER MAY NOT TRANSFER MEMBERSHIP OR ANY RIGHT ARISING THEREFROM UNLESS ALL MEMBERS CONSENT. TERMINATION OF A MEMBER'S INTEREST AND RIGHTS MAY ONLY OCCUR UPON DEATH, RESIGNATION, OR BY COURT ORDER. UPON TRANSFER OF A MEMBER'S MEMBERSHIP INTERESTS (AND ALL RIGHTS ARISING THEREFROM), THE ORGANIZATION'S ARTICLES OF INCORPORATION MUST BE AMENDED TO REFLECT THE NAME(S) OF ANY SUCCESSOR MEMBER(S). IF ALL MEMBERS DIE OR RESIGN OR ARE OTHERWISE TERMINATED WITHOUT PRIOR APPOINTMENT OF A SUCCESSOR, THE BOARD OF DIRECTORS SHALL BECOME THE MEMBERS OF THE ORGANIZATION, AND THE BOARD OF DIRECTORS SHALL AMEND THE ORGANIZATION'S ARTICLES OF INCORPORATION TO PROVIDE THAT THE ORGANIZATION SHALL HAVE NO MEMBERS, AS DEFINED UNDER SECTION 5103 OF THE ACT, AND THE ORGANIZATION SHALL THEREAFTER BE GOVERNED BY ITS BOARD OF DIRECTORS, IN ACCORDANCE WITH SECTION 5751(B) OF THE ACT. ANY TRANSFER OF A MEMBER'S INTEREST IN THE ORGANIZATION MUST BE MADE IN WRITING, BUT NO CERTIFICATE OR CERTIFICATES ARE NECESSARY TO EVIDENCE THE MEMBERSHIP INTEREST TO BE TRANSFERRED, AND THE TRANSFER SHALL BE DEEMED EFFECTIVE IMMEDIATELY UPON ANY DESIGNATED SUCCESSOR'S(S') WRITTEN ACCEPTANCE(S) OF THE MEMBER'S MEMBERSHIP INTERESTS (AND THE RIGHTS ARISING THEREFROM) AND THE SIMULTANEOUS OR SUBSEQUENT RESIGNATION OF THE MEMBER OR OTHER TERMINATION OF THE MEMBER'S MEMBERSHIP INTERESTS (AND THE RIGHTS ARISING THEREFROM). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND IS REVIEWED AND APPROVED BY MANAGEMENT. ALL BOARD MEMBERS RECEIVE THE IRS FORM 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTED INDIVIDUAL HAS A DUTY TO DISCLOSE IN GOOD FAITH TO THE CORPORATION'S BOARD OF DIRECTORS THE MATERIAL FACTS OF ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST OF SUCH TRUSTED INDIVIDUAL OR A RELATED PARTY. TRUSTED INDIVIDUALS SHALL MAKE DISCLOSURES BY COMPLETING A CONFLICT OF INTEREST STATEMENT AND DISCLOSURE FORM ("DISCLOSURE FORM") ON AN ANNUAL BASIS, PRIOR TO INITIAL ELECTION, APPOINTMENT, OR COMMENCEMENT OF SERVICE FOR THE CORPORATION, AND ON AN ON-GOING BASIS AS ANY NEW ACTIVITIES OR RELATIONSHIPS ARISE. DISCLOSURE FORMS SHALL BE SUBMITTED BY STAFF TO THE EXECUTIVE DIRECTOR, AND BY BOARD MEMBERS TO THE PRESIDENT OF THE BOARD (OR TO ANOTHER CORPORATION STAFF PERSON OR OFFICE DESIGNATED TO RECEIVE AND COLLATE THE DISCLOSURE FORMS). THE PRESIDENT OR THE PRESIDENT'S DESIGNEE ("PRESIDENT") SHALL REVIEW ALL DISCLOSURE FORMS SUBMITTED BY STAFF AND BOARD MEMBERS; SHALL MAINTAIN THE DISCLOSURE FORMS ON A PERMANENT BASIS AS PART OF THE CORPORATION'S BOOKS AND RECORDS; AND SHALL REPORT ON CONFLICTS ANNUALLY TO THE BOARD. IF A SITUATION ARISES THAT THE PRESIDENT DETERMINES REQUIRES THE BOARD'S IMMEDIATE ATTENTION, THE PRESIDENT SHALL TIMELY REPORT IT TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A AS PART OF THE ANNUAL EXECUTIVE DIRECTOR PERFORMANCE REVIEW, THE BOARD WILL REVIEW UPDATED COMPENSATION ANALYSIS WHICH INCLUDES REVIEWING THE COMPENSATION FROM SIMILAR ORGANIZATIONS. THE PROCESS ABOVE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THEIR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.