Overview
What is The Philadelphia Cultural Fund Inc?
The Philadelphia Cultural Fund Inc, established by the city of Philadelphia, serves as a grant-making entity that aids local arts organizations. Its primary role involves reviewing applications submitted by potential grantee organizations, requiring proof of 501(C)(3) status and related financial documents. Organizations without this status can apply through an approved fiscal sponsor. The fund demonstrated its commitment by granting support to 283 Philadelphia arts organizations and programs, showcasing its dedication to the city's cultural scene. Based in Philadelphia, Pennsylvania, the organization operates with a modest workforce of three individuals.
Official website here: www.philaculturalfund.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Stars)
The Philadelphia Cultural Fund Inc has achieved a high score of 96%, signifying strong performance in accountability and financial practices. This rating reflects a robust commitment to transparency and responsible management, essential for donor confidence and organizational integrity.
The organization boasts an entirely independent board with 16 members, indicating a governance structure that prioritizes impartial oversight. Its financial health is demonstrated by a low liabilities-to-assets ratio and a high program expense ratio, which suggests that a significant portion of its funds is directed towards its cultural initiatives rather than administrative costs.
While the rating highlights many strengths, it does not mention any specific programmatic achievements or community impact metrics. This absence might leave potential donors curious about the direct outcomes of their contributions and the overall effectiveness of the Philadelphia Cultural Fund Inc in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Philadelphia Cultural Fund Inc?
96% of 8 reviewers on Facebook recommend The Philadelphia Cultural Fund Inc. Here is a summary of their reviews:
Supporters express gratitude for the fund's contributions, specifically highlighting its role in promoting diverse arts and cultural initiatives, such as Project Capoeira. The nonprofit appears to successfully foster appreciation for various cultural expressions within the Philadelphia community.
The overall sentiment surrounding the organization is positive, with users acknowledging the significant impact it has on local arts. Many feel that the fund effectively delivers on its promise to support and enhance cultural projects, indicating a strong alignment with its mission.
This AI summary has been generated from reviews found on Facebook.
Is The Philadelphia Cultural Fund Inc legitimate?
The Philadelphia Cultural Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Philadelphia Cultural Fund Inc 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: $118,487
Professional Fundraising Fees: $0
Other Salaries and Wages: $75,890
For more financial information, click here
Official website here: www.philaculturalfund.org
What is the mission statement of The Philadelphia Cultural Fund Inc?
The Philadelphia Cultural Fund Inc was established with the purpose of conducting grant-making activities and offering assistance to local arts organizations. Its primary mission is to support these artistic entities by providing financial aid. To be eligible for grants, applicant organizations must possess a valid 501(C)(3) status, submit their Form 990 and related financial statements, and maintain an operational address within the city. Organizations without 501(C)(3) status can still apply through an approved fiscal sponsor. In the 202X fiscal year, grants were awarded to 283 Philadelphia arts organizations and programs.
Official website here: www.philaculturalfund.org
What is the revenue of The Philadelphia Cultural Fund Inc?
The Philadelphia Cultural Fund Inc's revenue in 2024 was $4,017,116.
Official website here: www.philaculturalfund.org
Who are the executives of The Philadelphia Cultural Fund Inc and what are their salaries?
The average compensation at The Philadelphia Cultural Fund Inc during 2024 was $64,792. There are 3 employees and 18 volunteers at The Philadelphia Cultural Fund Inc.
Here are 15 key members and their salaries:
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Official website here: www.philaculturalfund.org
Where can I find the form 990 for The Philadelphia Cultural Fund Inc?
The Philadelphia Cultural Fund Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.philaculturalfund.org
Learn more at the official website: www.philaculturalfund.org
Mission Statement of The Philadelphia Cultural Fund Inc
The Philadelphia Cultural Fund, established by the city, is dedicated to conducting grant-making activities and offering assistance to local arts organizations. Its mission is centered around supporting these artistic entities financially and contributing to their growth. To be eligible for funding, organizations must submit applications, providing proof of their 501(c)(3) tax-exempt status, copies of their Form 990, and financial statements. The applicant's physical address within Philadelphia is also a requirement. Organizations without 501(c)(3) status can still apply through an approved fiscal sponsor. In the 2022 fiscal year, grants were awarded to 283 Philadelphia-based arts organizations and programs.
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Impact
October, 2024
The Philadelphia Cultural Fund Inc significantly enhances the local arts landscape by providing essential financial support to a diverse array of arts organizations and programs within the city. By facilitating grant-making activities, it empowers 283 Philadelphia-based arts entities, helping to sustain and nurture cultural initiatives that enrich community life.
Through its rigorous application process, the Fund ensures that only established organizations with valid tax-exempt status receive funding, thereby promoting accountability and transparency. This meticulous approach allows grantee organizations to operate effectively and invest their resources into creative programming that reaches a wide audience. Additionally, the Fund’s assistance fosters collaboration and innovation among local artists and cultural institutions, driving the growth of Philadelphia's vibrant arts scene.
By supporting local arts, The Philadelphia Cultural Fund plays a crucial role in enhancing community engagement, attracting tourism, and contributing to the overall economic vitality of the region. This commitment to the arts not only elevates Philadelphia's cultural identity but also creates opportunities for artistic expression and development, ensuring a dynamic and inclusive cultural environment for residents and visitors alike.
This information is meant to be a general summary of The Philadelphia Cultural Fund Inc. 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 2024.
- Investment Income: $292
- Gross Receipts: $4,017,116
Assets and Liabilities:
- Total Assets: $3,335,189
- Total Liabilities: $3,091,592
- Net Assets: $243,597
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Organization Details
Founding Year
1992
Principal Officer
Gabriela Sanchez
Website
www.philaculturalfund.orgNTEE Category
Code: A120 - Arts
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