Forman Arts Initiative Inc
Forman Arts Initiative Inc is a private foundation focused on Arts, Culture & Humanities, based in Philadelphia, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $86.4M in total assets. In 2024, it awarded 4 grants totaling $394K. Net investment income was $7.0M.
Forman Arts Initiative Inc at a glance
In short: Forman Arts Initiative Inc gave $394K across 4 grants in 2024 (avg $99K), mostly in Pennsylvania. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $394,300
- +22.5% vs 2023
- Grants made (2024)
- 4
- +0.0% vs 2023
- Average grant
- $98,575
- +22.5% vs 2023
- Median grant
- $67,500
- Total assets
- $86,416,547
- +3.4% vs 2023
- Primary geography
- Pennsylvania (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Forman Arts Initiative Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Philadelphia Foundation ($255K). Together the top 4 received $394K.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was in the $50–100K range: 5 grants of 13 (38%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
How Forman Arts Initiative Inc gives
- Giving fell 49% from 2021 to 2024. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $322K (2023) to $770K (2021). In 2024 it made 4 grants totaling $394K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Philadelphia Foundation Philadelphia, PA | Artworks - grant to support arts, culture and creativity in community-based organizations and artists working in partnership with black, indigenous, people of color, other marginalized, and vulnerable communities in the greater philadelphia area | $255,000 |
| Drexel University Philadelphia, PA | Art works drexel co-op - support is intended to establish the forman arts initiative co-op program fund at the lenfest center for cultural partnerships. | $75,000 |
| Philadelphia Mural Arts Advocates Philadelphia, PA | Support for public works residency program that embeds artists in city government agencies or other similar organizations to propose and implement creative solutions to pressing civic challenges. | $60,000 |
| Blackstar Projects Inc Philadelphia, PA | General Support | $4,300 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income |
|---|---|---|---|---|---|---|---|
| 2024 | $86,416,547 | $3,269,723 | $2,223,228 | $394,300 | 4 | $1,756,543 | $6,980,369 |
| 2023 | $83,544,282 | $-1,800,926 | $2,944,911 | $322,000 | 4 | $2,294,388 | $6,713,303 |
| 2022 | $83,337,616 | $7,508,224 | $1,546,319 | $530,000 | 2 | $6,647,335 | — |
| 2021 | $83,778,323 | $1,235,746 | $1,250,550 | $770,000 | 3 | $1,183,614 | $3 |
| 2020 | $83,649,211 | $28,975,050 | $1,134,949 | — | — | — | $33 |
Leadership & Key People
Officers and directors from IRS filings
Forman Arts Initiative Inc is led by Adjoa Jones De Almeida, Executive Director on the 2024 filing; 2 of 10 officers listed in 2024 are compensated.
Officers on the 2024 filing
Adjoa Jones De Almeida
Executive Director
New on the 2024 filing
40 hrs/week
$258K (2024)
Michael C. Forman
President
On filings since 2020
1 hr/week
No compensation reported
Jaime Frankurt
Board of Director
New on the 2024 filing
1 hr/week
No compensation reported
Judilee Reed
Board of Director
New on the 2024 filing
1 hr/week
No compensation reported
Luke Nikas
Board of Director
New on the 2024 filing
1 hr/week
No compensation reported
Rashid Johnson
Board of Director
New on the 2024 filing
1 hr/week
No compensation reported
Wendell Pritchett
Board of Director
New on the 2024 filing
1 hr/week
No compensation reported
William R. Hite Jr.
Board of Director
New on the 2024 filing
1 hr/week
No compensation reported
Thomas Trala
Treasurer, Secretary & CFO
Treasurer & Secretary → Treasurer, Secretary & CFO, 2024
On filings since 2020
10 hrs/week
$42K (2021) → $121K (2024)
Jennifer S. Rice
Vice President
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $258K, to Adjoa Jones De Almeida (Executive Director). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Forman Arts Initiative Inc
How much does Forman Arts Initiative Inc give each year?
Forman Arts Initiative Inc gave $394K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $322K across 4 grants.
What is Forman Arts Initiative Inc's typical grant size?
Forman Arts Initiative Inc's median grant in 2024 was $67,500, and its average grant was $98,575, across 4 grants on its 2024 IRS Form 990-PF.
Where does Forman Arts Initiative Inc give grants?
Forman Arts Initiative Inc gives mostly in Pennsylvania: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Philadelphia, PA (4 grants).
Does Forman Arts Initiative Inc give general operating support?
Yes: 25% of Forman Arts Initiative Inc's 2024 grants with a stated purpose (1 of 4) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Forman Arts Initiative Inc?
Forman Arts Initiative Inc reported $86.4M in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $3.3M.
What is Forman Arts Initiative Inc?
Forman Arts Initiative Inc is a private foundation focused on Arts, Culture & Humanities, based in Philadelphia, PA. It holds $86.4M in total assets as of 2024.
What is Forman Arts Initiative Inc's EIN?
Forman Arts Initiative Inc's EIN (Employer Identification Number) is 83-2902185. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Forman Arts Initiative Inc funds
Arts, Culture & Humanities Open opportunities, soonest deadline first.
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Forman Arts Initiative Inc down — hundreds of funders to go?