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Woodmere Art Museum, Inc.

Telling the Story of Philadelphia’s Art and Artists

Philadelphia, PA   |  www.woodmereartmuseum.org
GuideStar Charity Check

Woodmere Art Museum, Inc.

EIN: 23-1381459


Mission

To inspire creativity, learning, and self-expression through experiences with the art and artists of Philadelphia and the region.

Ruling year info

1940

Principal Officer

Dr. William Valerio

Main address

9201 Germantown Ave

Philadelphia, PA 19118 USA

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EIN

23-1381459

Subject area info

Museums

Art museums

Population served info

Children and youth

Adults

LGBTQ people

Heterosexuals

Women and girls

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NTEE code info

Art Museums (A51)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Woodmere Art Museum

A DYNAMIC MUSEUM THAT IS GROWING IN THE VITALITY OF ITS EXHIBITIONS AND PROGRAMMING, WOODMERE IS THE ONLY ART MUSEUM SOLELY FOCUSED ON THE WORK OF ARTISTS OF THE PHILADELPHIA REGION. THE MUSEUM ENGAGES A GROWING AND INCREASINGLY DIVERSE AUDIENCE (ATTENDANCE OF MORE THAN 46,000 IN 2018) THROUGH TEN OR MORE CHANGING EXHIBITIONS AND VIBRANT YEAR-ROUND PROGRAMMING. THE COLLECTION OF APPROXIMATELY 8,000 WORKS OF ART INCLUDES THE LARGEST CONCENTRATION OF WORK BY VIOLET OAKLEY AND HER CIRCLE, AS WELL AS IMPORTANT WORKS BY CHARLES WILLSON PEALE, BENJAMIN WEST, THOMAS SULLY, FREDERIC CHURCH, ARTHUR B. CARLES, BO BARTLETT, AND MANY OTHERS. IN ADDITION, WOODMERE’S HELEN MILLARD CHILDREN’S GALLERY SHOWCASES FIVE EXHIBITIONS ANNUALLY OF ART MADE BY CHILDREN REPRESENTING THE MODEL PROJECTS IN ARTS EDUCATION THAT CAN BE REPLICATED BY TEACHERS. IN RECENT YEARS, WOODMERE HAS “BROKEN OUTSIDE OF ITS WALLS” INSTALLING MONUMENTAL SCULPTURES BY HARRY BERTOIA, ROBINSON FREDENTHAL, SAM MAITIN AND DINA WIND ON THE MUSEUM’S SIX-ACRE LANDSCAPE, OPENING A PATH FORWARD FOR MORE EXPERIENCES THAT LINK ART, NATURE, AND ECOLOGICAL SERVICES. FURTHER ENGAGEMENT WITH THE PUBLIC IS PROVIDED THROUGH AN EXPANSIVE ARRAY OF EDUCATIONAL PROGRAMS, A FRIDAY-NIGHT JAZZ PROGRAM, FILM, AND YOGA.

Population(s) Served
Children and youth

Where we work

Awards

2013 Preservation Achievement Grand Jury Award 2013

Preservation Alliance of Greater Philadelphia

Financials

Woodmere Art Museum, Inc.
Fiscal year: Jan 01 - Dec 31
Financial documents
2021 2020 2019 2018
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

5.65

Average of 5.38 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

4

Average of 5.1 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

14%

Average of 14% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Woodmere Art Museum, Inc.

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Woodmere Art Museum, Inc.

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Woodmere Art Museum, Inc.

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Woodmere Art Museum, Inc.’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2017 2018 2019 2020 2022
Unrestricted surplus (deficit) before depreciation $1,383,587 -$552,167 $361,488 $538,066 $753,873
As % of expenses 49.2% -20.7% 12.7% 19.2% 22.0%
Unrestricted surplus (deficit) after depreciation $1,200,170 -$785,885 $134,310 $311,930 $470,721
As % of expenses 40.1% -27.1% 4.4% 10.3% 12.7%
Revenue composition info
Total revenue (unrestricted & restricted) $4,401,853 $2,844,266 $2,742,588 $3,237,366 $14,964,357
Total revenue, % change over prior year 125.3% -35.4% -3.6% 18.0% 0.0%
Program services revenue 5.4% 9.3% 9.8% 4.2% 1.5%
Membership dues 2.4% 3.6% 3.9% 1.6% 0.6%
Investment income 2.0% 4.0% 4.4% 2.6% 1.7%
Government grants 17.3% 3.0% 1.3% 1.0% 3.9%
All other grants and contributions 64.4% 71.2% 65.3% 87.3% 91.0%
Other revenue 8.5% 9.0% 15.3% 3.3% 1.3%
Expense composition info
Total expenses before depreciation $2,812,230 $2,668,057 $2,842,772 $2,799,895 $3,422,873
Total expenses, % change over prior year 3.9% -5.1% 6.5% -1.5% 0.0%
Personnel 48.6% 53.6% 53.2% 53.7% 43.8%
Professional fees 2.5% 1.9% 1.4% 2.2% 19.4%
Occupancy 7.2% 8.5% 8.5% 6.0% 11.4%
Interest 1.0% 1.0% 1.0% 0.8% 2.2%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 40.8% 35.0% 35.9% 37.4% 23.2%
Full cost components (estimated) info 2017 2018 2019 2020 2022
Total expenses (after depreciation) $2,995,647 $2,901,775 $3,069,950 $3,026,031 $3,706,025
One month of savings $234,353 $222,338 $236,898 $233,325 $285,239
Debt principal payment $439,775 $55,469 $55,469 $55,469 $524,099
Fixed asset additions $0 $0 $0 $0 $2,082,020
Total full costs (estimated) $3,669,775 $3,179,582 $3,362,317 $3,314,825 $6,597,383

Capital structure indicators

Liquidity info 2017 2018 2019 2020 2022
Months of cash 9.0 9.9 9.2 8.4 4.0
Months of cash and investments 36.1 35.8 36.6 41.3 48.5
Months of estimated liquid unrestricted net assets 20.2 18.3 18.1 19.7 18.5
Balance sheet composition info 2017 2018 2019 2020 2022
Cash $2,104,883 $2,197,671 $2,171,171 $1,966,746 $1,148,672
Investments $6,365,706 $5,756,076 $6,505,880 $7,664,551 $12,671,779
Receivables $734,457 $590,583 $448,355 $539,903 $11,915,721
Gross land, buildings, equipment (LBE) $7,082,394 $7,149,646 $7,207,000 $7,378,185 $11,973,007
Accumulated depreciation (as a % of LBE) 35.6% 38.5% 40.9% 43.0% 30.6%
Liabilities (as a % of assets) 5.4% 5.2% 4.8% 4.2% 6.6%
Unrestricted net assets $8,471,405 $7,685,520 $7,819,830 $8,131,760 $11,335,680
Temporarily restricted net assets $243,280 $712,092 N/A N/A N/A
Permanently restricted net assets $7,109,373 $6,348,471 N/A N/A N/A
Total restricted net assets $7,352,653 $7,060,563 $7,756,303 $8,906,582 $23,233,794
Total net assets $15,824,058 $14,746,083 $15,576,133 $17,038,342 $34,569,474

Key data checks

Key data checks info 2017 2018 2019 2020 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Principal Officer

Dr. William Valerio

William Valerio is the Patricia Van Burgh Allison Director and CEO of Woodmere. Dr. Valerio has more than 20 years of experience in senior curatorial and administrative positions in art museums. Prior to Woodmere, he served as Assistant Director for Administration at the Philadelphia Museum of Art and as Curator at the Queens Museum of Art in New York. Dr. Valerio attended Williams College, graduating cum laude and Phi Beta Kappa. He earned his MA in Art History at the University of Pennsylvania, PhD in Art History at Yale University, and MBA at the Wharton School of the University of Pennsylvania. He is widely published and has organized dozens of exhibitions; he is a fellow of the American Academy in Rome.

Number of employees

Source: IRS Form 990

Woodmere Art Museum, Inc.

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

Woodmere Art Museum, Inc.

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

Woodmere Art Museum, Inc.

Board of directors
as of 02/27/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

James Alexandre

John A Affleck

Retired

Amy Branch

Iroquois Group

Mick Byers

Rago Arts

Elie-Anne Chevrier

Ryan Farragut

US Roofing

Larry Finklestein, Esq

Blank Rome LLP

Irma Fralic

Ralph S. Hirshorn

Margaret Sadler

William Wolgin, MD

Katy Friedland

Russell Harris,MD

Kyle Salata

Margaret Steele

Organizational demographics

SOURCE: Self-reported; last updated 11/2/2022

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Gay, Lesbian, Bisexual, or other sexual orientations in the LGBTQIA+ community
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data