Overview
What is The Fabric Workshop And Museum?
The Fabric Workshop and Museum, located at 1214 Arch Street, Philadelphia, PA 19107, is a nonprofit organization dedicated to fostering creativity and innovation in the realm of textile art. Through its Artists-in-Residence program, it collaborates with contemporary artists from around the globe, offering them financial support, materials, and access to facilities and staff to meet their creative needs. This program encourages the exploration of experimental materials and techniques, resulting in the creation of fresh, captivating works. The Fabric Workshop and Museum's mission lies in collaborating with artists, thereby unveiling new possibilities in the realm of textile art. The organization is staffed by 40 employees.
Official website here: www.fabricworkshopandmuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Fabric Workshop and Museum has earned a commendable Four-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. With a high score of 94%, the organization demonstrates an effective financial management system and a commitment to transparency, as evidenced by its fully independent board and comprehensive financial practices.
Strengths highlighted in the evaluation include a robust program expense ratio of 64.22%, indicating a significant portion of funds is directed toward its mission. Additionally, the organization boasts a fundraising efficiency ratio of $0.11, showcasing its capability to effectively raise funds while maintaining low administrative costs. The presence of various governance policies further reinforces its credibility and commitment to ethical practices.
While the organization shows exceptional financial health with a low liabilities to assets ratio of 4.49%, there are no noted limitations in the data provided, suggesting a well-managed nonprofit with a strong focus on its operational effectiveness. Overall, The Fabric Workshop and Museum stands out as a reliable organization within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is The Fabric Workshop And Museum legitimate?
The Fabric Workshop And Museum is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Fabric Workshop And Museum 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: $179,663
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,231,347
For more financial information, click here
Official website here: www.fabricworkshopandmuseum.org
What is the mission statement of The Fabric Workshop And Museum?
The Fabric Workshop and Museum's mission lies in collaborating with artists, aiming to uncover new possibilities. Through their artists-in-residence program, they partner with contemporary artists from around the globe. This program supports both emerging and established artists by offering honorariums, materials, and utilization of facilities and staff to cater to their creative requirements. The museum's objective is to foster artistic growth and innovation by encouraging experimentation with unconventional materials and techniques.
Official website here: www.fabricworkshopandmuseum.org
Who is the CEO of The Fabric Workshop And Museum?
Regina Morgan is the President of The Fabric Workshop And Museum.
Official website here: www.fabricworkshopandmuseum.org
What is the revenue of The Fabric Workshop And Museum?
The Fabric Workshop And Museum's revenue in 2022 was $3,221,727.
Official website here: www.fabricworkshopandmuseum.org
Who are the executives of The Fabric Workshop And Museum and what are their salaries?
The average compensation at The Fabric Workshop And Museum during 2022 was $35,275. There are 40 employees and 17 volunteers at The Fabric Workshop And Museum.
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- Compensation: $171,208
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Official website here: www.fabricworkshopandmuseum.org
Where can I find the form 990 for The Fabric Workshop And Museum?
The Fabric Workshop And Museum's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fabricworkshopandmuseum.org
Learn more at the official website: www.fabricworkshopandmuseum.org
Mission Statement of The Fabric Workshop And Museum
The Fabric Workshop and Museum, a renowned organization, is committed to collaborating with artists to unveil new possibilities. At the heart of its mission, the institution works in close partnership with contemporary artists, providing them with an exceptional platform to experiment with innovative materials and techniques. This artists-in-residence program extends support to both emerging and established artists from across the globe. The program offers honoraria, materials, and utilizes its facilities and staff to cater to the creative requirements of these artists. By doing so, The Fabric Workshop and Museum plays a pivotal role in fostering artistic growth and creativity, thereby contributing to the wider artistic community.
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Impact
October, 2024
The Fabric Workshop and Museum significantly impacts the arts community by fostering collaboration between contemporary artists and innovative practices. Through its Artists-in-Residence program, it provides a platform for both emerging and established artists from around the world to explore and create new works using experimental materials and techniques. This initiative not only supports the creative process by offering honorariums and materials but also employs skilled facilities and staff to meet the specific needs of these artists. Located in Philadelphia, the workshop creates a dynamic environment that encourages artistic exploration and reveals new possibilities in contemporary art, enriching the cultural landscape and contributing to the development of unique art expressions.
This information is meant to be a general summary of The Fabric Workshop And Museum. 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: $33,096
- Program Service Revenue: $260,301
- Gross Receipts: $3,288,072
Assets and Liabilities:
- Total Assets: $4,519,118
- Total Liabilities: $203,089
- Net Assets: $4,316,029
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EXHIBITION & STUDIO
Revenue
$207,936
EDUC & PROGRAM
Revenue
$38,265
Organization Details
Founding Year
1976
Phone
(215) 561-8888Principal Officer
Regina Morgan
Main Address
1214 ARCH STREET, PHILADELPHIA, PA, 19107
NTEE Category
Code: J220 - Employment
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