Philadelelphia Stories INC FY2021 filing

Philadelphia, PA · Public charity (501(c)(3)) · Since 2004 · Arts & Culture

✓ Tax-deductible Latest data FY2021
Revenue
$69K
▲ +24% vs prior year
Spent
$58K
To programs
80%
Net assets
$90K
By yearFY2020–FY2025
Revenue
$69K
FY2021▲ +24%
Revenue by fiscal year
FY2020$56K
FY2021$69K
FY2022$86K
FY2023$58K
FY2024$45K
FY2025$39K
Expenses
$58K
FY2021▲ +59%
Expenses by fiscal year
FY2020$36K
FY2021$58K
FY2022$88K
FY2023$86K
FY2024$65K
FY2025$56K
Net assets
$90K
FY2021▲ +15%
Net assets by fiscal year
FY2020$79K
FY2021$90K
FY2022$88K
FY2023$61K
FY2024$41K
FY2025$24K
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Foundation funders?
1 funder — The Philadelphia Cultural Fund INC
$13K in the latest grant year.
Spent on programs?
80% to programs
Form 990 Part IX, latest filing.
Size and trend
<$100K
↑ +24% vs prior year
Legal name (IRS)Hdr · item CPhiladelelphia Stories INC
EINHdr · item D05-0601526
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJun 2005
Year of formationHdr · item L2004
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CPhiladelphia, PA
NTEE classificationIRS BMFArts & Culture (A33)
WebsiteHdr · item Jwww.philadelphiastories.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.20 Fundraising $0.01
Program services80%$46K
Management & general20%$11K
Fundraising1%$391
Total functional expensesLn 25$58K

Financial health

Program efficiency
80%
of spending reaches programs
Operating runway
16.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+17%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$90K
FY2021▲ +15%
Total assets by fiscal year
FY2020$79K
FY2021$90K
FY2022$88K
FY2023$62K
FY2024$43K
FY2025$25K
Total liabilities
$0
FY2021▼ -100%
Total liabilities by fiscal year
FY2020$12
FY2021$0
FY2022$0
FY2023$1K
FY2024$2K
FY2025$590
Revenue less expensesPt I · Ln 19$12K
Total assetsPt X · Ln 16$90K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$79K
Total assetsLn 16$90K
Total liabilitiesLn 26$0
Total net assetsLn 32$90K
Months of cash on handcomputed16.5

Statement of Revenue

Part VIII
Contributions & grants$45K · 64%
Program service revenue$25K · 36%
Contributions & grants64%$45K
Program service revenue36%$25K
Total revenueLn 12$69K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $79K · Operating expenses/yr $58K
16.5 months
Where the money goes
Program services
Program services $46K · Total expenses $58K
80%
Management & General
Management & general $11K · Total expenses $58K
20%
Fundraising
Fundraising $391 · Total expenses $58K
0.7%
Cost to raise $1
Fundraising expense (2-yr avg) $508 · Solicited contributions (2-yr avg) $46K
$0.01 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $45K · Total revenue $69K
64%
Government reliance
Government grants — · Total revenue $69K
—
Earned-income share
Program service revenue $25K · Total revenue $69K
36%
Investment reliance
Investment income $0 · Total revenue $69K
0%
Program self-sufficiency
Program service revenue $25K · Total expenses $58K
43%
Growth & trend
Revenue growth (YoY)
This year $69K · Prior year $56K
+24%
Net-asset trend (YoY)
End of year $90K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $69K · Expenses $58K
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $90K
—
Net-asset ratio
Net assets $90K · Total assets $90K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $90K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Gia Cavalli · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $58K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $58K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%——
Overhead ratio 20%——
Fundraising cost ratio 0.9%——
Revenue growth 24%——
Accounting fee ratio 6%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice-Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Yalonda Rice’s $2K as Executive Dir. is at the 15th percentile of top reported officer pay among 249 <$100K arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024
Yalonda Rice$2,500$5,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Publishes and distributes free literary works by local writers and artists.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $46K of program spending, described in the organization's own filed words · FY2021.
01

The organization published and distributed the work of local authors and artists.

$46Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$13K

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $39K$56K-15% 990 PDF
FY2024 $45K$65K-22% 990 PDF
FY2023 $58K$86K-33% 990 PDF
FY2022 $86K$88K+24% 990 PDF
FY2021 Viewing $69K$58K+24% 990 PDF
FY2020 $56K$36K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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