Form 990 for tax year 2024
Filed by LANCASTER AVENUE 21ST CENTURY BUSINESS ASSOCIATION.
Totals
- Total revenue
- $1,718,956
- Total expenses
- $1,810,013
- Contributions and grants received
- $1,718,956
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $278,121
- Total liabilities, end of year
- $260,028
- Net assets or fund balances, end of year
- $18,093
- Program services expenses (Part IX)
- $1,538,511
- Management and general expenses
- $271,502
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,538,511
Program services were 85.0% 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
$3,200
-
1e · Government grants (contributions)
$1,320,534
-
1f · All other contributions, gifts and grants
$395,222
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $240,702 · program services $204,597 · management and general $36,105
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $119,895 · program services $101,911 · management and general $17,984
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $392 · program services $333 · management and general $59
-
13 · Office expenses
total $110,886 · program services $94,253 · management and general $16,633
-
14 · Information technology
total $19,399 · program services $16,490 · management and general $2,909
-
15 · Royalties
total $0
-
16 · Occupancy
total $24,332 · program services $20,682 · management and general $3,650
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $10,363 · program services $8,808 · management and general $1,555
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $6,387 · program services $5,429 · management and general $958
-
23 · Insurance
total $1,812 · program services $1,540 · management and general $272
-
24a · Other expenses: CONTRACTORS
total $870,915 · program services $743,564 · management and general $127,351
-
24b · Other expenses: JOB SUPPLIES
total $284,387 · program services $241,729 · management and general $42,658
-
24c · Other expenses: ADMINISTRATIVE
total $98,094 · program services $80,380 · management and general $17,714
-
24d · Other expenses: SUPPLIES
total $1,996 · program services $1,677 · management and general $319
-
24e · All other expenses
total $20,453 · program services $17,118 · management and general $3,335
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $15,781 · end of year $149,182
-
3 · Pledges and grants receivable
beginning of year $209,367 · end of year $103,051
-
9 · Prepaid expenses and deferred charges
beginning of year $194
-
10a · Land, buildings and equipment: cost or other basis
$38,950
-
10b · Land, buildings and equipment: accumulated depreciation
$13,062
-
10c · Land, buildings and equipment, net
beginning of year $32,275 · end of year $25,888
-
17 · Accounts payable and accrued expenses
beginning of year $23,467 · end of year $10,028
-
19 · Deferred revenue
beginning of year $125,000 · end of year $250,000
-
27 · Net assets without donor restrictions
beginning of year $109,150 · end of year $18,093
Mission and programs · 2024
Mission
TO FOSTER SUCCESS BUSINESS GROWTH AND ECONOMIC BETTERMENT OF THE LANCASTER AVENUE BUSINESS CORRIDOR AND THE CITY OF PHILADELPHIA AND TO PROVIDE TRAINING AND THE ENVIRONMENT TO HELP NEW AND ESTABLISHED BUSINESSES ADDRESS THE DIFFICULTIES OF STARTING , MAINTAINING AND NAVIGATING STEPS TO SUCCESS.
Activities or mission (Part I)
TO FOSTER SUCCESSFUL BUSINESS GROWTH AND ECONOMIC BETTERMENT OF THE LANCASTER AVENUE BUSINESS CORRIDOR AND THE CITY OF PHILADELPHIA.
-
THE SCALE UP YOUR BUSINESS PROGRAM TRAINS, COACHES, AND SUPPORTS THE NEXT GENERATION OF SUSTAINABLE, SCALABLE, AND REPLICABLE BUSINESSES.
Expenses $452,507
-
LANCASTERAVENUE SUPPORTS BUSINESSES BY PROVIDING TECHNICAL ASSISTANCE FOR ALMOST ALL ASPECTS OF BUSINESS CYCLE.
Expenses $271,502
-
RESPONSIBLE FOR CLEANING 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 $814,502
As filed on the 2024 return.
Listed in Part VII
-
Kwaku BoatengKWAKU BOATENG
EXEC. DIRECTOR
- Total calculated
- $173,500
- From this org
- $173,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 60
-
Jackie WilliamsJACKIE WILLIAMS
TREASURER
- Total calculated
- $86,400
- From this org
- $86,400
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Stephanie CollinsSTEPHANIE COLLINS
SECRETARY
- Total calculated
- $21,300
- From this org
- $21,300
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Pearl Bailey-AndersonPEARL BAILEY-ANDERSON
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 50
-
Belinda PatrickBELINDA PATRICK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Terri ShockleyTERRI SHOCKLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Claude BarnesCLAUDE BARNES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Joel SpivakJOEL SPIVAK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Lisa Ashton MattioliLISA ASHTON MATTIOLI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Benn RoeBENN ROE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
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
- 2024
- Filed
- 12 May 2026
- IRS schema version
- 2024v5.2
- Source object
- 202611329349306296
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