Nonprofit · EIN 23-2711699
AVENUE OF THE ARTS INC
Tax-exempt · PHILADELPHIA, PA 19109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,230,477 | $1,392,261 | -$161,784 | $911,615 | $745,850 | $165,765 |
| December 31, 2023 | 990 | $907,477 | $833,849 | $73,628 | $1,715,346 | $1,387,797 | $327,549 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,195,978
- of which government grants
- $1,060,934
- Membership dues
- $423
- Program service revenue
- $0
- Investment income
- $33,596
- Other revenue
- $903
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $143,949
- Other salaries and wages
- $50,006
- Salaries, compensation and benefits (total)
- $218,580
- Professional fundraising fees
- $0
- Accounting fees
- $41,027
- Occupancy
- $35,716
- Travel
- $19,575
- Program services (functional)
- $1,175,459
- Management and general (functional)
- $150,438
- Fundraising (functional)
- $66,364
Balance sheet and other
- Total assets, start of year
- $1,715,346
- Total assets, end of year
- $911,615
- Total liabilities, end of year
- $745,850
- Net assets, end of year
- $165,765
- Net assets without donor restrictions
- $165,765
- Gross receipts
- $1,230,477
- Employees
- 3
- Year formed
- 1992
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURA BURKHARDT | EXECUTIVE DI Trustee or director, Officer | 40 | $129,898 | $14,050 |
| MADELINE APOLLO | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| DAVID BLUM | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAMIE BRUNSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SERGIO COSCIA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CARL DRANOFF | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BROOK J LENFEST | DIRECTOR Trustee or director | 2 | $0 | $0 |
| THANUJA HAMILTON MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TOM MCCARTHY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| THOMAS MILES | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHELE PARCHMENT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DORIS PARENT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SALVATORE PATTI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JULIAN P RACKOW | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DIANE SEMINGSON | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BILL TIERNEY | DIRECTOR Trustee or director | 2 | $0 |
| NINA ZUCKER | SECRETARY Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURA BURKHARDT | EXECUTIVE DI Trustee or director, Officer | 40 | $122,400 | $16,639 |
| MADELINE APOLLO | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| DAVID BLUM | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAMIE BRUNSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CATHERINE COATE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CARL DRANOFF | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL BOWMAN ESQUIRE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BILL GEHRMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BROOK J LENFEST | DIRECTOR Trustee or director | 2 | $0 | $0 |
| THANUJA HAMILTON MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TOM MCCARTHY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| THOMAS MILES | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TIMOTHY MOIR | VICE CHAIRMA Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL NEWMUIS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SALVATORE PATTI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JULIAN P RACKOW | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DIANE SEMINGSON | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| KERRY WALK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| NINA ZUCKER | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 123 S BROAD ST STE 2035, PHILADELPHIA, PA 19109-1025
- Principal officer (990 for 2024)
- MADELINE APOLLO
- Signed the 990
- MADELINE APOLLO, TREASURER
- Phone
- (215) 834-1976
- Website
- WWW.AVENUEOFTHEARTS.ORG
- Return prepared by
- DEPIETTO & DEPIETTO LLC
Mission
OUR PRIMARY MISSION IS ADVOCACY FOR THE INTERESTS OF THE AVENUE OF THE ARTS STAKEHOLDERS ON ISSUES RANGING FROM STRATEGIC PLANNING TO MARKETING AND PLACE MAKING IN SUPPORT OF THE ECONOMIC AND CULTURAL VITALITY OF THIS GREAT STREET.
Program accomplishments
- ADVOCACY AND PLANNING - SEE ATTACHED NOTEExpenses $742,643
- STREETSCAPE ENHANCEMENT & MAINTENANCE - SEE ATTACHED NOTEExpenses $273,105
- MARKETING AND SPECIAL EVENTS - SEE ATTACHED NOTEExpenses $158,991
- FRIENDS OF THE AVENUE AND OTHER EVENTS - SEE ATTACHED NOTEExpenses $720
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2711699
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A260)
- Assets (IRS master file)
- $911,615
- Income (IRS master file)
- $1,230,477
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,230,477 | $1,392,261 | $911,615 | XML |
| 990 | December 2023 | $907,477 | $833,849 | $1,715,346 | XML |
| 990 | December 2022 | $721,623 | $662,581 | $1,012,654 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-2711699).
Questions about AVENUE OF THE ARTS INC
- What is the EIN of AVENUE OF THE ARTS INC?
- The employer identification number (EIN) of AVENUE OF THE ARTS INC is 23-2711699.
- Is AVENUE OF THE ARTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to AVENUE OF THE ARTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AVENUE OF THE ARTS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AVENUE OF THE ARTS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AVENUE OF THE ARTS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AVENUE OF THE ARTS INC?
- The 990 for the year ended December 31, 2024 names MADELINE APOLLO.
- Who are the officers and directors of AVENUE OF THE ARTS INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 1 received compensation from the organization, the highest $129,898 (LAURA BURKHARDT, EXECUTIVE DI).
- How much revenue does AVENUE OF THE ARTS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,230,477, expenses of $1,392,261 and total assets of $911,615 at year end.
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