Overview
What is Pennsylvania Academy Of The Fine Arts?
The Pennsylvania Academy of the Fine Arts (PAFA) is a renowned nonprofit institution based in Philadelphia, Pennsylvania. Established as the first art museum and school in the United States, PAFA embraces the transformative power of art and art-making. With a rich history, PAFA offers post-secondary education programs in fine arts, awarding certificates, Bachelor of Fine Arts degrees, and Master of Fine Arts degrees. Their comprehensive curriculum covers various disciplines such as painting, print-making, sculpting, and drawing. The academy's mission extends beyond education, as it also boasts an impressive gallery collection of American art. In addition, PAFA sponsors fine arts classes for all ages and conducts community outreach by providing free arts programs. With a dedicated workforce of 281 individuals, PAFA continues to inspire artists and art enthusiasts in Philadelphia and beyond.
Official website here: www.pafa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Pennsylvania Academy Of The Fine Arts has received an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. With a score of 96%, the organization demonstrates strong oversight and governance, including an entirely independent board and comprehensive financial audits. This indicates a commitment to transparency and ethical management of its resources.
Strengths of the Pennsylvania Academy Of The Fine Arts include a significant focus on program expenses, with approximately 81% of its expenditures directed towards its programs. This emphasizes the organization's core mission of supporting fine arts education and outreach. Additionally, the presence of robust policies regarding conflicts of interest and whistleblower protections showcases its dedication to responsible financial practices and organizational integrity.
While the data does not indicate any specific limitations, the overwhelmingly positive rating suggests a well-managed organization. The strong financial practices and high program expense ratio reinforce the Academy's commitment to its mission and the responsible stewardship of donor funds. Overall, this rating signals to potential donors and supporters that their contributions are likely to be utilized effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Pennsylvania Academy Of The Fine Arts legitimate?
Pennsylvania Academy Of The Fine Arts is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pennsylvania Academy Of The Fine Arts submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $412,737
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,398,418
For more financial information, click here
Official website here: www.pafa.org
What is the mission statement of Pennsylvania Academy Of The Fine Arts?
The Pennsylvania Academy of the Fine Arts, the first art museum and school in the United States, champions the transformative power of art and art-making. The academic institution operates a post-secondary educational program in fine arts and manages a gallery collection of American art. In addition, it sponsors fine arts classes for individuals of all ages and offers free arts programs. The post-secondary fine arts program at PAFA encompasses courses in painting, print-making, sculpting, and drawing. Students can earn a four-year certificate, a Bachelor of Fine Arts degree, or a Master of Fine Arts degree upon completion.
Official website here: www.pafa.org
Who is the CEO of Pennsylvania Academy Of The Fine Arts?
Maryanne Murphy is the Chairman of Pennsylvania Academy Of The Fine Arts. The CEO's salary of Pennsylvania Academy Of The Fine Arts is $0 and their total compensation is $0.
Official website here: www.pafa.org
What is the revenue of Pennsylvania Academy Of The Fine Arts?
Pennsylvania Academy Of The Fine Arts's revenue in 2022 was $21,075,014.
Official website here: www.pafa.org
Who are the executives of Pennsylvania Academy Of The Fine Arts and what are their salaries?
The average compensation at Pennsylvania Academy Of The Fine Arts during 2022 was $24,239. There are 281 employees and 44 volunteers at Pennsylvania Academy Of The Fine Arts.
Here are 51 key members and their salaries (Pennsylvania Academy Of The Fine Arts's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.pafa.org
Where can I find the form 990 for Pennsylvania Academy Of The Fine Arts?
Pennsylvania Academy Of The Fine Arts's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pafa.org
Learn more at the official website: www.pafa.org
Mission Statement of Pennsylvania Academy Of The Fine Arts
The Pennsylvania Academy of the Fine Arts, or PAFA, is a pioneering institution that has been celebrating the transformative power of art and art-making since it first opened as the country's first art museum and school. The Academy's mission encompasses both education and exhibition, as it operates a post-secondary educational program in fine arts and maintains a gallery collection of American art.
PAFA's educational program provides opportunities for students to delve into various disciplines of fine arts, including painting, print-making, sculpting, and drawing. The Academy grants certificates for a four-year program, as well as Bachelor of Fine Arts and Master of Fine Arts degrees. By fostering creativity and technical skill, PAFA empowers its students to become successful artists and make significant contributions to the arts community.
The Pennsylvania Academy of the Fine Arts not only focuses on advanced education but also extends its reach to individuals of all ages through fine arts classes and free arts programs. By fostering a vibrant learning environment, PAFA continues to uphold its rich legacy and inspire future generations of artists.
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Impact
October, 2024
The Pennsylvania Academy of the Fine Arts (PAFA) serves as a pivotal institution in the art community, profoundly influencing art education and appreciation in the United States. As the first art museum and school in the country, PAFA celebrates the transformative power of art and art-making, fostering creativity and artistic expression among its students and the wider public.
Through its comprehensive post-secondary fine arts programs, PAFA provides a solid foundation in various disciplines, including painting, print-making, sculpting, and drawing. The academy's commitment to cultivating talent is evident in its offerings, which include a four-year certificate, Bachelor of Fine Arts, and Master of Fine Arts degrees. This robust educational framework not only nurtures budding artists but also contributes to the cultural landscape by producing skilled professionals who can enrich the art world.
Moreover, PAFA enhances its impact through community outreach, sponsoring fine arts classes for individuals of all ages. These initiatives promote accessibility to art education and engage diverse populations, fostering a lifelong appreciation for the arts. The academy's gallery collection of American art further emphasizes its role as a steward of cultural heritage, providing a platform for both historical and contemporary artistic dialogue.
In summary, PAFA significantly shapes the artistic terrain by educating new generations of artists, promoting community engagement, and preserving American art, thus reinforcing the vital role of art in society.
This information is meant to be a general summary of Pennsylvania Academy Of The Fine Arts. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,086,597
- Program Service Revenue: $9,318,689
- Gross Receipts: $30,516,957
Assets and Liabilities:
- Total Assets: $117,779,162
- Total Liabilities: $26,467,438
- Net Assets: $91,311,724
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$7,473,506
RENTALS FOR EXEMPT ACT.
Revenue
$692,047
CONTINUING EDUCATION
Revenue
$583,416
WOMENS BOARD REVENUE
Revenue
$368,100
MUSEUM ADMISS/COLLECT
Revenue
$201,620
Organization Details
Founding Year
1805
Phone
(215) 972-7600Principal Officer
Maryanne Murphy
Main Address
128 NORTH BROAD STREET, PHILADELPHIA, PA, 19102
Website
www.pafa.orgNTEE Category
Code: B400 - Education
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