2024-11-12T12:04:14-06:00 2023-12-31 222027092 WITHUMSMITHBROWN PC 1835 MARKET STREET PHILADELPHIA PA 19103 990 2023-01-01 201440309 PHILADELPHIA'S MAGIC GARDENS PHIL 2157330390 1020 SOUTH STREET PHILADELPHIA PA 19147 EMILY SMITH EXECUTIVE DIRECTOR 2157330390 2024-11-12 1 0 MELISSA DUNN P01278330 2155677770 2024-11-12 2023 2024-10-15 13:58:12Z EMILY SMITH 1020 SOUTH STREET PHILADELPHIA PA 19147 2600991 0 X WWW.PHILLYMAGICGARDENS.ORG X 2004 PA TO PRESERVE, INTERPRET & PROVIDE ACCESS TO ISAIAH ZAGAR'S UNIQUE MOSAIC ART. 15 15 20 23 0 0 553919 816254 1420387 1436616 0 0 180056 235403 2154362 2488273 0 0 0 0 988510 1012532 0 0 75747 543679 697542 1532189 1710074 622173 778199 4146075 5620836 822357 1518919 3323718 4101917 TO INSPIRE CREATIVITY AND COMMUNITY ENGAGEMENT BY EDUCATING THE PUBLIC ABOUT FOLK, MOSAIC, AND VISIONARY ART. PMG PRESERVES, INTERPRETS AND PROVIDES ACCESS TO ISAIAH ZAGAR'S UNIQUE MOSAIC ART ENVIRONMENT AND HIS PUBLIC MURALS. 0 0 1279111 1436616 TO PRESERVE, INTERPRET AND PROTECT THE ARTWORKS OF ISAIAH ZAGAR, EDUCATE THE PUBLIC ABOUT MOSAIC, FOLK AND VISIONARY ART AND FOSTER COMMUNITY ENGAGEMENT. 1279111 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 1 26 0 1 20 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 PA X THE ORGANIZATION 2157330390 1020 SOUTH STREET PHILADELPHIA PA 19147 CHARLES ACOSTA DIRECTOR 1.00 X 0 0 0 JOSELYN FERRER BASDEN DIRECTOR 1.00 X 0 0 0 EMILY FEST DIRECTOR 1.00 X 0 0 0 ALEXIS GARVIN TREASURER 1.00 X X 0 0 0 RACHAEL GRAY CRANDLEY DIRECTOR 1.00 X 0 0 0 JOHN FULLER PRESIDENT 1.00 X X 0 0 0 SHURDONNA JOSEPH DIRECTOR 1.00 X 0 0 0 STEFAN LESIUK DIRECTOR 1.00 X 0 0 0 CARA PEARSALL DIRECTOR 1.00 X 0 0 0 CAROL FRITZSCHE DIRECTOR 1.00 X 0 0 0 LEAH REISMAN DIRECTOR 1.00 X 0 0 0 ANDREW SIMONE SECRETARY 1.00 X X 0 0 0 LORENA RODRIGUEZ DE LA GARZA DIRECTOR (TIL 11/06/23) 1.00 X 0 0 0 YVONNE THORNBURG DIRECTOR 1.00 X 0 0 0 JULIA ZAGAR DIRECTOR 1.00 X 0 0 0 FRANK PELLICONE DIRECTOR 1.00 X 0 0 0 EMILY SMITH EXECUTIVE DIRECTOR 40.00 X 123653 0 9450 123653 0 9450 1 0 0 0 0 22293 793961 703100 816254 ADMISSIONS & PROG REV 713990 1436616 1436616 1436616 15600 0 15600 15600 15600 331506 112718 218788 218788 OTHER INCOME 900099 1015 1015 1015 2488273 1436616 0 235403 133103 109144 17303 6656 719462 589960 93531 35971 83857 68762 10901 4194 76110 62410 9894 3806 56951 26375 30576 64057 820 63234 3 77681 52709 20041 4931 194028 159103 25224 9701 22176 3818 18358 33348 27345 4335 1668 71645 58749 9314 3582 51028 41843 6634 2551 BANK & CREDIT CARD FEES 52160 42771 6781 2608 MISCELLANEOUS 39059 21157 17902 EVENT & EXHIBITION EXP 35409 14145 21188 76 1710074 1279111 355216 75747 701963 739213 1631563 1555262 47056 60562 66048 69383 13708 16771 3494469 314824 1685737 3179645 4146075 5620836 68827 86022 729000 753530 703897 822357 1518919 X 3323718 4101917 3323718 4101917 4146075 5620836 778199 0 X 0 1 X 1 0 X 75317 127709 89900 97194 816254 1206374 1536810 635988 1113377 1420387 1436616 6143178 1612127 763697 1203277 1517581 2252870 7349552 5600 703100 708700 0 5600 703100 708700 6640852 44781 36725 15392 16050 15600 128548 44781 36725 15392 16050 15600 128548 292642 332521 625163 1656908 800422 1218669 1826273 2600991 8103263 0.81950 0.93820 0.01590 0.01890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 313855 313855 3114434 269498 2844936 66180 45326 20854 3179645 X 2488273 0 2488273 0 2488273 1710074 0 1710074 0 1710074 PART III, LINE 1A: THE ORGANIZATION DOES NOT CAPITALIZE ITS MOSAICS ART NOR RECOGNIZE IT AS A REVENUE OR GAIN. FASB ASC 958-605, REVENUE RECOGNITION, PROVIDES THAT SUCH ART COLLECTIONS NEED NOT BE RECOGNIZED IF THEY ARE ADDED TO COLLECTIONS THAT ARE HELD FOR PUBLIC EXHIBITION, EDUCATION OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN; ARE PROTECTED, KEPT UNENCUMBERED, CARED FOR AND PRESERVED; AND ARE SUBJECT TO A POLICY THAT REQUIRES THE PROCEEDS FROM SALES OF COLLECTION ITEMS TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS AND/OR THE DIRECT CARE AND PRESERVATION OF THE ORGANIZATION'S EXISTING COLLECTIONS. PART X, LINE 2: GAAP REQUIRES ENTITIES TO EVALUATE, MEASURE, RECOGNIZE AND DISCLOSE ANY UNCERTAIN INCOME TAX POSITIONS TAKEN ON THEIR TAX RETURNS. GAAP PRESCRIBES A MINIMUM THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET IN ORDER TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION BELIEVES THAT IT HAD NO UNCERTAIN TAX POSITIONS AS DEFINED IN GAAP. JULIA ZAGAR BOARD MEMBER TO ASSIST THE ORGANIZATION WITH THE PURCHASE OF A BUILDING. X 765000 729000 0 0 1 729000 ISAIAH ZAGAR AND JULIA ZAGAR SPOUSE OF BOARD MEMBER AND BOARD MEMBER 765000 LOAN TO ORGANIZATION TO PURCHASE A BUILDING. 0 X 1 703100 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 JULIA ZAGAR (DIRECTOR) AND ISAIAH ZAGAR ARE MARRIED. ISAIAH ZAGAR IS A KEY SUBCONTRACTOR AND LANDLORD TO PMG. SEE SCHEDULE L. FORM 990, PART VI, SECTION B, LINE 11B THE FULL BOARD OF DIRECTORS IS GIVEN A DRAFT OF THE FORM 990 WITH SUFFICIENT TIME TO COMMENT ON AND ASK QUESTIONS PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE OR SHE SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15A ANNUAL REVIEWS AND EVERY THREE YEARS WE ASSESS ALL STAFF PAY WITH PAYROLL SURVEYS THAT SHOW AVERAGE PAY FOR OUR GEOGRAPHIC AREA. FORM 990, PART VI, SECTION C, LINE 19 REQUESTED INFORMATION WILL BE HONORED UPON A WRITTEN REQUEST TO THE ORGANIZATION'S EXECUTIVE DIRECTOR.