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Nonprofiteer
← LANCASTER AVENUE 21ST CENTURY BUSINESS ASSOCIATION

Form 990 for tax year 2022

Filed by LANCASTER AVENUE 21ST CENTURY BUSINESS ASSOCIATION.

Totals

Total revenue
$673,342
Total expenses
$597,903
Contributions and grants received
$673,342
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$117,142
Total liabilities, end of year
$14,917
Net assets or fund balances, end of year
$102,225
Program services expenses (Part IX)
$390,454
Management and general expenses
$207,250
Fundraising expenses
$199
Program service expenses (Part III)
$390,454

Program services were 65.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $2,339

  • 1e · Government grants (contributions)

    $560,303

  • 1f · All other contributions, gifts and grants

    $110,700

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $181,659 · program services $28,850 · management and general $152,809

  • 11c · Fees: accounting

    total $20,350 · program services $11,850 · management and general $8,500

  • 12 · Advertising and promotion

    total $7,951 · program services $975 · management and general $6,976

  • 13 · Office expenses

    total $4,299 · management and general $4,299

  • 16 · Occupancy

    total $16,101 · management and general $16,101

  • 22 · Depreciation, depletion and amortization

    total $288 · program services $288

  • 23 · Insurance

    total $768 · management and general $768

  • 24a · Other expenses: PROFESSIONAL SERVICES T

    total $223,057 · program services $223,057

  • 24b · Other expenses: PROGRAM EXPENSES

    total $122,298 · program services $122,298

  • 24c · Other expenses: ADMINISTRATITIVE

    total $5,359 · program services $100 · management and general $5,259

  • 24d · Other expenses: MEALS AND ENTERETAINMEN

    total $3,145 · program services $448 · management and general $2,697

  • 24e · All other expenses

    total $12,628 · program services $2,588 · management and general $9,841 · fundraising $199

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,333 · end of year $22,921

  • 4 · Accounts receivable

    beginning of year $50,205 · end of year $86,446

  • 9 · Prepaid expenses and deferred charges

    end of year $13

  • 10a · Land, buildings and equipment: cost or other basis

    $8,050

  • 10b · Land, buildings and equipment: accumulated depreciation

    $288

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $7,762

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,752 · end of year $14,917

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $26,786 · end of year $102,225

Mission and programs · 2022

Mission

TO PROVIDE TRAINING, RESOURCES, AND ENVIRONMENT TO HELP NEW AND ESTABLISHED BUSINESSES ADDRESS THE DIFFICULTIES OF STARTING, MAINTAINING, AND NAVIGATING THE NECESSARY CHANGES NEEDED TO FOSTER SUCCESSFUL BUSINESS GROWTH AND ECONOMIC BETTERMENT OF THE LANCASTER AVENUE CORRIDOR AND THE CITY OF PHILADELPHIA.

  • RESPONSIBLE FOR MAINTAINING TWENTY BLOCKS OF THE LANCASTER AVENUE COMMERCIAL CORRIDOR. THIS RESPONSIBILITY IS MANAGED BY DIRECTLY ORGANIZING A CLEANING CREW AND COLLABORATING WITH BUSINESS OWNERS TO ENSURE THEY UNDERSTAND THEIR RESPONSIBILITIES.

    Expenses $117,807 · Revenue $166,749

  • THE SCALE UP YOUR BUSINESS PROGRAM TRAINS, COACHES, AND SUPPORTS THE NEXT GENERATION OF SUSTAINABLE, SCALABLE, AND REPLICABLE BUSINESSES.

    Expenses $133,585 · Revenue $133,585

  • LANCASTER AVENUE SUPPORTS BUSINESSES BY PROVIDING ACCESS TO TECHNICAL ASSISTANCE FOR ALMOST ALL ASPECTS OF A BUSINESS CYCLE. THEY INCLUDE: MARKETING, LEGAL/REGULATORY/TAX, AND SOFT SKILLS. LANCASTER AVENUE SUPPORTS THE MARKETING FUNCTION BY PROVIDING SOCIAL MEDIA AUDITS, DIGITAL MARKETING, MARKET ANALYSIS, COMPETITIVE ENVIRONMENT ANALYSIS, BUSINESS MODEL EVALUATION, RISK & GROWTH OPPORTUNITY, FINANCIAL PERSPECTIVE, AND ASSISTS WITH CUSTOMER ACQUISITION. LANCASTER AVENUE PROVIDES BUSINESSES WITH ACCESS TO EXPERIENCED LAWYERS AND ACCOUNTANTS WHO OFFER SUPPORT FOR BOOKKEEPING/ACCOUNTING, LEGAL ISSUES, CASH FLOW PROJECTION/ANALYSIS, LICENSE & REGISTRATION FILINGS, TAX PREPARATION, AND CITY, STATE, AND FEDERAL SUPPORT PROGRAMS. LANCASTER AVENUE ALSO PROVIDES BUSINESS AMBASSADORSHIP, SHADOWING, AND MENTORING.

    Expenses $121,973 · Revenue $229,970

  • LANCASTER AVENUE RUNS NUMEROUS EVENTS TO SUPPORT SMALL BUSINESSES ALONG THE LANCASTER AVENUE BUSINESS CORRIDOR AND SUPPORT SMALL BUSINESSES THROUGHOUT PHILADELPHIA WITH BUSINESS COACHING, TECHNICAL ASSISTANCE, AND REFERRALS.

    Expenses $17,089 · Revenue $137,200

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • George Stevens

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Pearl Bailey-Anderson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Belinda Patrick

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Terri Shockley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Claude Barnes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Karen Hess

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Joel Spivak

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Brian Higgins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Lisa Ashton Mattioli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Benn Roe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Stephanie Collins

    DIRECTOR

    Total calculated
    $11,100
    From this org
    $11,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.75

  • Jacqueline L Williams

    OPERATIONS DIRECTOR

    Total calculated
    $70,152
    From this org
    $70,152
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Kwaku Boateng

    EXECUTIVE DIRECTOR

    Total calculated
    $111,507
    From this org
    $111,507
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
23 June 2023
IRS schema version
2022v5.0
Source object
202331779349300608

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