Totals
- Total revenue
- $317,524
- Total expenses
- $289,783
- Contributions and grants received
- $304,773
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $11,760
- Other revenue
- $991
- Total assets, end of year
- $330,556
- Total liabilities, end of year
- $52,571
- Net assets or fund balances, end of year
- $277,985
- Program services expenses (Part IX)
- $276,954
- Management and general expenses
- $9,834
- Fundraising expenses
- $2,995
- Program service expenses (Part III)
- $276,954
Program services were 95.6% 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.
-
1f · All other contributions, gifts and grants
$304,773
-
1g · Noncash contributions included above
$5,051
-
3 · Investment income
total $11,760 · related or exempt $11,760
-
11a · Other revenue: MISCELLANEOUS
total $991 · related or exempt $991
-
11e · Other revenue, total
$991
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $25,000 · program services $18,750 · management and general $5,000 · fundraising $1,250
-
11g · Fees: other
total $37,253 · program services $35,895 · management and general $1,358
-
13 · Office expenses
total $873 · program services $550 · management and general $323
-
14 · Information technology
total $6,208 · program services $3,668 · management and general $1,173 · fundraising $1,367
-
17 · Travel
total $9,292 · program services $9,292
-
19 · Conferences, conventions and meetings
total $156,217 · program services $156,217
-
23 · Insurance
total $1,912 · management and general $1,912
-
24a · Other expenses: STUDENT ENHANCEMENT
total $27,367 · program services $27,332 · management and general $35
-
24b · Other expenses: CONTRIBUTIONS
total $20,000 · program services $20,000
-
24c · Other expenses: MEDIA FEES
total $5,250 · program services $5,250
-
24d · Other expenses: BANK AND CREDIT CARD FEES
total $386 · management and general $8 · fundraising $378
-
24e · All other expenses
total $25 · management and general $25
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $241,549 · end of year $255,733
-
7 · Other notes and loans receivable
beginning of year $9,475
-
9 · Prepaid expenses and deferred charges
beginning of year $17,138 · end of year $41,560
-
11 · Investments: publicly traded securities
beginning of year $27,083 · end of year $33,263
-
17 · Accounts payable and accrued expenses
beginning of year $1,550 · end of year $5,221
-
25 · Other liabilities
beginning of year $48,800 · end of year $47,350
-
27 · Net assets without donor restrictions
beginning of year $244,895 · end of year $277,985
Mission and programs · 2023
Mission
THE ORGANIZATION'S PURPOSE IS TO PROVIDE SCHOLARSHIPS FOR HIGHER EDUCATION (VIA THE PHILADELPHIA FOUNDATION) AND PROGRAMMING TO STUDENTS SUCH AS THE ANNUAL LEADERSHIP CAMP, SPEAKING SEMINARS, MENTORSHIP AND NETWORKING ACTIVITIES.
-
DURING THE FISCAL YEAR ENDING SEPTEMBER 30, 2024, THE FOUNDATION, AS WELL AS PRIVATE DONORS, PROVIDED FUNDING TOTALING 154,500 FOR THE HERB-IT- FORWARD SCHOLARSHIPS DISBURSED THROUGH THE PHILADELPHIA FOUNDATION. IN ADDITION, THE HERB-IT-FORWARD FOUNDATION FUNDED WEEKEND RETREATS AND SEVERAL EDUCATIONAL/NETWORKING EVENTS FOR THE SCHOLARSHIP RECIPIENTS.
Expenses $276,954 · Revenue $304,773
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Scot A FisherSCOT A FISHER
CHAIRMAN OF
- Total calculated
- $0
- Hours/week
- 5
-
Hal RosenbluthHAL ROSENBLUTH
VICE CHAIRMA
- Total calculated
- $0
- Hours/week
- 3
-
Shelly Lotman FisherSHELLY LOTMAN FISHER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Karen LotmanKAREN LOTMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Jeffrey LotmanJEFFREY LOTMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Stephen J IzziSTEPHEN J IZZI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Charles MurrayCHARLES MURRAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Nafis SmithNAFIS SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Stephanie HoffmanSTEPHANIE HOFFMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Anita HinsonANITA HINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Edward LackEDWARD LACK
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Jennifer JonesJENNIFER JONES
EXEC. DIR. /
- Total calculated
- $0
- Hours/week
- 20
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
- 2023
- Filed
- 27 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520589349300122
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