Monument Lab INC FY2023 filing

Tax-deductible

Philadelphia, PA501(c)(3)Since 2021Arts & CultureEIN 86-3119416Revenue $5.0M in FY2023

On file with the IRSmonumentlab.com1617 John F Kennedy Blvd Ste 2034, 19103-1821 · Philadelphia, PATax-exempt since Mar 2022Publicly supported charity — 170(b)(1)(A)(vi)

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Monument Lab is a nonprofit public art and history studio based in philadelphia. Monument Lab cultivates and facilitates critical conversations around the past, present, and future of monuments.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$249K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $856K a year · 30% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$249K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$168K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.0M
×15 vs prior year
Spent
$2.0M
To programs
74%
Net assets
$3.3M
By yearFY2022–FY2024
Revenue
$5.0M
FY2023▲ ×15
Tap a bar for its year
Revenue by fiscal year
FY2022$338K
FY2023$5.0M
FY2024$3.3M
FY2024$7.1M
Expenses
$2.0M
FY2023▲ ×198
Tap a bar for its year
Expenses by fiscal year
FY2022$10K
FY2023$2.0M
FY2024$4.0M
FY2024$4.6M
Net assets
$3.3M
FY2023▲ ×10
Tap a bar for its year
Net assets by fiscal year
FY2022$328K
FY2023$3.3M
FY2024$2.6M
FY2024$5.1M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $1.5M Management & general 16% · $325K Fundraising 11% · $215K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $249K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$132,000Pt VII · Sec A
Chief Operating Officer
$116,900Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Paul M Farber’s $165K as Executive Director is at the 72nd percentile of top reported officer pay among 3924 $1–10M 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 · 2 named individuals · Part VII

NameFY2024FY2024FY2023
Paul M Farber$164,800$132,000$132,000
Kristen Giannantonio$144,200$116,900$116,900

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.

See Monument Lab INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Facilitates conversations about monuments' past, present, and future through public art and history.

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Provided by the organization

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3 programs · $368K · in their own filed words · FY2022
01

Regeneration Re

Generation is a nationwide participatory public art and history project organized by monument lab. The project elevates people shaping the next generation of monuments reckoning with and reimagining public memory.

$181Kprogram expense
02

Plot of land plot of land is a podcast series from monument lab that explores how land ownership and housing in the united states have been shaped by the entrenched interplay of power, public memory, and privatization.

$113Kprogram expense
03

Beyond Granite

Pulling together monument lab was invited to curate "pulling together," the plot exhibition of the "beyond granite" initiative on the national mall from august 18- september 18, 2023. The exhibition featured prototype monuments that respond to the central question, "what stories remaing untold on the national mall?" "beyond granite…

$74Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$5K
Grants paid · 20 grants · $1.0M · 2023–2024
University of WashingtonFY2024$15,000
The Descendants ProjectLA · FY2024$15,000
Calvary Episcopal ChurchFY2024$15,000
Laramie Public Art CoalitionWY · FY2024$15,000
University of WashingtonFY2023$85,000
The Descendants ProjectLA · FY2023$85,000
Calvary Episcopal ChurchFY2023$85,000
Laramie Public Art CoalitionWY · FY2023$85,000
See all 20 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$5.0M
Ln 12
Gifts and grantsLn 1h$4.4M
Fees for servicesLn 2g$616K
Money outPt IX
$2.0M
Ln 25
Programscol B$1.5M
Managementcol C$325K
Fundraisingcol D$215K
Owns and owesPt X
$3.3M
net assets · Ln 32
Cash and savingsLn 1–2$872K
Total assetsLn 16$3.5M
LiabilitiesLn 26$168K
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.4M
Fees for servicesLn 2g$616K
Total revenueLn 12$5.0M
Assets in detailPt X, end of year
CashLn 1$872K
Cash and savings togetherLn 1–2$872K
Other assetsLn 15$89K
Total assetsLn 16$3.5M
LiabilitiesLn 26$168K
Net assetsLn 32$3.3M
OperationsPt I, VI
EmployeesI 532
VolunteersI 69
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$330K$872K
Total assetsLn 16$336K$3.5M
LiabilitiesLn 26$8K$168K
Net assetsLn 32$328K$3.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$194K$156K$17K$22K
Other salaries and wagesLn 7$734K$588K$65K$81K
Other employee benefitsLn 9$61K$44K$11K$6K
Payroll taxesLn 10$64K$52K$5K$7K
Other fees for servicesLn 11g$522K$433K$75K$14K
Advertising and promotionLn 12$15K$4K$9K$2K
Office expensesLn 13$17K$1K$15K$25
Information technologyLn 14$22K$18K$4K$0
OccupancyLn 16$88K$70K$18K$0
TravelLn 17$135K$87K$45K$3K
InsuranceLn 23$29K$2K$25K$2K
Other expenses (24a–d)Ln 24$126K$44K$22K$60K
All other expensesLn 24e$42K$11K$13K$18K
Total functional expensesLn 25$2.0M$1.5M$325K$215K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $3.3M$4.0M−$745K$2.6M 990 PDF
FY2023 Viewing $5.0M$2.0M$3.0M$3.3M 990 PDF
FY2022 $338K$10K$328K$328K 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
See the full FY2023 990 (6 parts)
Part I · Summary $5,032,924 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $323,257$4,417,124
I-9 Program service revenuePrior year $15,000$615,800
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $338,257$5,032,924
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$1,053,676
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $10,323$994,900
I-18 Total expensesPrior year $10,323$2,048,576
I-19 Revenue less expensesPrior year $327,934$2,984,348
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $5,032,924 across 4 lines filed
Lines not itemized here account for $18,707 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$4,417,124
VIII-1h Total contributions, gifts and grants$4,417,124
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$597,093
VIII-12 Total revenueRelated to mission $615,800 · Unrelated business $0 · Excluded from tax $0$5,032,924
Part IX · Statement of functional expenses $2,048,576 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $155,554 · Management $17,316 · Fundraising $21,573$194,443
IX-7 Other salaries and wagesPrograms $587,853 · Management $65,357 · Fundraising $80,674$733,884
IX-9 Other employee benefitsPrograms $44,164 · Management $10,669 · Fundraising $6,074$60,907
IX-10 Payroll taxesPrograms $52,006 · Management $5,283 · Fundraising $7,153$64,442
IX-11g Other fees for servicesPrograms $432,685 · Management $75,391 · Fundraising $14,360$522,436
IX-12 Advertising and promotionPrograms $3,593 · Management $9,227 · Fundraising $2,214$15,034
IX-13 Office expensesPrograms $1,142 · Management $15,471 · Fundraising $25$16,638
IX-14 Information technologyPrograms $17,567 · Management $4,392 · Fundraising $0$21,959
IX-16 OccupancyPrograms $70,071 · Management $17,518 · Fundraising $0$87,589
IX-17 TravelPrograms $86,915 · Management $44,503 · Fundraising $3,201$134,619
IX-23 InsurancePrograms $2,159 · Management $25,223 · Fundraising $1,573$28,955
IX-24 Other expenses (24a–d)Programs $43,578 · Management $21,861 · Fundraising $60,330$125,769
IX-24e All other expensesPrograms $10,655 · Management $13,024 · Fundraising $18,222$41,901
IX-25 Total functional expensesPrograms $1,507,942 · Management $325,235 · Fundraising $215,399$2,048,576
Part X · Balance sheet $3,480,641 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $329,934$871,574
X-3 Pledges and grants receivable$2,500,064
X-4 Accounts receivable$2,700
X-8 Inventories for sale or use$17,195
X-15 Other assetsStart of year $6,000$89,108
X-16 Total assetsStart of year $335,934$3,480,641
X-17 Accounts payable and accrued expensesStart of year $8,000$13,420
X-25 Other liabilities$154,326
X-26 Total liabilitiesStart of year $8,000$167,746
X-27 Net assets without donor restrictionsStart of year $130,676$3,084,895
X-28 Net assets with donor restrictionsStart of year $197,258$228,000
X-32 Total net assets or fund balancesStart of year $327,934$3,312,895
X-33 Total liabilities and net assetsStart of year $335,934$3,480,641
Part XI · Reconciliation of net assets $3,312,895 net assets at year end
XI-1 Total revenue$5,032,924
XI-2 Total expenses$2,048,576
XI-3 Revenue less expenses$2,984,348
XI-4 Net assets at start of year$327,934
XI-8 Prior period adjustments$613
XI-10 Net assets at end of year$3,312,895

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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