Woodmere Art Museum, Inc.
Telling the Story of Philadelphia’s Art and Artists
Woodmere Art Museum, Inc.
EIN: 23-1381459
Programs and results
Reports and documents
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Our programs
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.
Where we work
Awards
2013 Preservation Achievement Grand Jury Award 2013
Preservation Alliance of Greater Philadelphia
External reviews

Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2020 info
12.89
Months of cash in 2020 info
8.4
Fringe rate in 2020 info
15%
Funding sources info
Assets & liabilities info
Woodmere Art Museum, Inc.
Revenue & expensesFiscal Year: Jan 01 - Dec 31
SOURCE: IRS Form 990
Woodmere Art Museum, Inc.
Balance sheetFiscal Year: Jan 01 - Dec 31
SOURCE: IRS Form 990
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: Jan 01 - Dec 31
SOURCE: IRS Form 990
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 | 2016 | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|---|
Unrestricted surplus (deficit) before depreciation | $1,298,568 | $1,383,587 | -$552,167 | $361,488 | $538,066 |
As % of expenses | 48.0% | 49.2% | -20.7% | 12.7% | 19.2% |
Unrestricted surplus (deficit) after depreciation | $1,121,544 | $1,200,170 | -$785,885 | $134,310 | $311,930 |
As % of expenses | 38.9% | 40.1% | -27.1% | 4.4% | 10.3% |
Revenue composition info | |||||
---|---|---|---|---|---|
Total revenue (unrestricted & restricted) | $1,953,566 | $4,401,853 | $2,844,266 | $2,742,588 | $3,237,366 |
Total revenue, % change over prior year | -49.7% | 125.3% | -35.4% | -3.6% | 18.0% |
Program services revenue | 11.9% | 5.4% | 9.3% | 9.8% | 4.2% |
Membership dues | 5.0% | 2.4% | 3.6% | 3.9% | 1.6% |
Investment income | 4.6% | 2.0% | 4.0% | 4.4% | 2.6% |
Government grants | 1.8% | 17.3% | 3.0% | 1.3% | 1.0% |
All other grants and contributions | 69.3% | 64.4% | 71.2% | 65.3% | 87.3% |
Other revenue | 7.4% | 8.5% | 9.0% | 15.3% | 3.3% |
Expense composition info | |||||
---|---|---|---|---|---|
Total expenses before depreciation | $2,706,034 | $2,812,230 | $2,668,057 | $2,842,772 | $2,799,895 |
Total expenses, % change over prior year | 5.4% | 3.9% | -5.1% | 6.5% | -1.5% |
Personnel | 50.5% | 48.6% | 53.6% | 53.2% | 53.7% |
Professional fees | 5.9% | 2.5% | 1.9% | 1.4% | 2.2% |
Occupancy | 6.4% | 7.2% | 8.5% | 8.5% | 6.0% |
Interest | 1.0% | 1.0% | 1.0% | 1.0% | 0.8% |
Pass-through | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
All other expenses | 36.3% | 40.8% | 35.0% | 35.9% | 37.4% |
Full cost components (estimated) info | 2016 | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|---|
Total expenses (after depreciation) | $2,883,058 | $2,995,647 | $2,901,775 | $3,069,950 | $3,026,031 |
One month of savings | $225,503 | $234,353 | $222,338 | $236,898 | $233,325 |
Debt principal payment | $0 | $439,775 | $55,469 | $55,469 | $55,469 |
Fixed asset additions | $1,326,190 | $0 | $0 | $0 | $0 |
Total full costs (estimated) | $4,434,751 | $3,669,775 | $3,179,582 | $3,362,317 | $3,314,825 |
Capital structure indicators
Liquidity info | 2016 | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|---|
Months of cash | 9.6 | 9.0 | 9.9 | 9.2 | 8.4 |
Months of cash and investments | 34.6 | 36.1 | 35.8 | 36.6 | 41.3 |
Months of estimated liquid unrestricted net assets | 16.6 | 20.2 | 18.3 | 18.1 | 19.7 |
Balance sheet composition info | 2016 | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|---|
Cash | $2,169,003 | $2,104,883 | $2,197,671 | $2,171,171 | $1,966,746 |
Investments | $5,637,935 | $6,365,706 | $5,756,076 | $6,505,880 | $7,664,551 |
Receivables | $407,961 | $734,457 | $590,583 | $448,355 | $539,903 |
Gross land, buildings, equipment (LBE) | $7,134,130 | $7,082,394 | $7,149,646 | $7,207,000 | $7,378,185 |
Accumulated depreciation (as a % of LBE) | 32.7% | 35.6% | 38.5% | 40.9% | 43.0% |
Liabilities (as a % of assets) | 10.4% | 5.4% | 5.2% | 4.8% | 4.2% |
Unrestricted net assets | $7,271,235 | $8,471,405 | $7,685,520 | $7,819,830 | $8,131,760 |
Temporarily restricted net assets | $489,960 | $243,280 | $712,092 | N/A | N/A |
Permanently restricted net assets | $6,334,026 | $7,109,373 | $6,348,471 | N/A | N/A |
Total restricted net assets | $6,823,986 | $7,352,653 | $7,060,563 | $7,756,303 | $8,906,582 |
Total net assets | $14,095,221 | $15,824,058 | $14,746,083 | $15,576,133 | $17,038,342 |
Key data checks
Key data checks info | 2016 | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|---|
Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
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 employeesSOURCE: IRS Form 990
Compensation data
Woodmere Art Museum, Inc.
Highest paid employeesSOURCE: IRS Form 990
Compensation data
Woodmere Art Museum, Inc.
Board of directorsas of 02/27/2023
Board of directors data
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
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Leadership
The organization's leader identifies as:
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