Form 990 for tax year 2024
Filed by THE DELAWARE VALLEY LEGACY FUND.
Totals
- Total revenue
- $66,368
- Total expenses
- $112,910
- Contributions and grants received
- $79,632
- Grants paid
- $61,914
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- -$13,264
- Total assets, end of year
- $1,121,998
- Total liabilities, end of year
- $7,695
- Net assets or fund balances, end of year
- $1,114,303
- Program services expenses (Part IX)
- $82,488
- Management and general expenses
- $17,149
- Fundraising expenses
- $13,273
- Program service expenses (Part III)
- $82,488
Program services were 73.1% 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.
-
1c · Fundraising events
$32,760
-
1f · All other contributions, gifts and grants
$46,872
-
8a · Fundraising events: gross income
$43,664
-
8a · Fundraising events: contributions included on line 1c
$32,760
-
8b · Fundraising events: direct expenses
$56,928
-
8c · Net income from fundraising events
total -$13,264 · excluded -$13,264
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $53,914 · program services $53,914
-
2 · Grants to domestic individuals
total $8,000 · program services $8,000
-
11c · Fees: accounting
total $7,780 · management and general $7,780
-
11f · Fees: investment management
total $9,713 · program services $4,856 · management and general $1,943 · fundraising $2,914
-
11g · Fees: other
total $25,624 · program services $12,812 · management and general $5,125 · fundraising $7,687
-
13 · Office expenses
total $1,922 · program services $960 · management and general $385 · fundraising $577
-
14 · Information technology
total $1,507 · fundraising $1,507
-
19 · Conferences, conventions and meetings
total $496 · program services $496
-
23 · Insurance
total $2,547 · program services $1,450 · management and general $509 · fundraising $588
-
24a · Other expenses: BANK AND CREDIT CARD FEES
total $1,407 · management and general $1,407
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $38,153 · end of year $37,339
-
2 · Savings and temporary cash investments
end of year $12,596
-
13 · Investments: program-related
beginning of year $1,003,037 · end of year $1,072,063
-
17 · Accounts payable and accrued expenses
beginning of year $622 · end of year $7,695
-
27 · Net assets without donor restrictions
beginning of year $8,931 · end of year $13,639
-
28 · Net assets with donor restrictions
beginning of year $1,031,637 · end of year $1,100,664
Mission and programs · 2024
Mission
DVLF HAS BEEN SERVING THE EMERGING NEEDS OF THE LGBTQ COMMUNITY FOR 32 YEARS. THE ORGANIZATION WAS CREATED TO BENEFIT THE PHILADELPHIA REGION'S LGBTQ COMMUNITY BY RAISING MONEY FOR A PERMANENT ENDOWMENT. DVLF FOSTERS POSITIVE CHANGE EVERY YEAR THROUGH ADVOCACY, GRANTMAKING, SCHOLARSHIPS, PROGRAMMING AND EDUCATION. THIS YEAR, DVLF'S SIGNIFICANTLY INCREASED ITS GRANTMAKING TO INCLUDE EVEN MORE GRANTS AND SCHOLARSHIPS. EACH YEAR, DVLF EMPOWERS AND ENHANCES THE LIVES OF THE LGBTQ COMMUNITY BY INVESTING IN COMMUNITY WORK. IT'S CRITICAL MISSION PROVIDES SERVICES TO PROGRAMS SERVING THE LGBTQ COMMUNITY.
-
DVLF HAS BEEN SERVING THE EMERGING NEEDS OF THE LGBT COMMUNITY FOR 32 YEARS. THE ORGANIZATION WAS CREATED TO BENEFIT THE PHILADELPHIA REGION'S LGBTQ COMMUNITY BY RAISING MONEY FOR A PERMANENT ENDOWMENT. DVLF FOSTERS POSITIVE CHANGE EVERY YEAR THROUGH ADVOCACY, GRANTMAKING, SCHOLARSHIPS, PROGRAMMING AND EDUCATION. THIS YEAR, DVLF'S SIGNIFICANTLY INCREASED ITS GRANTMAKING TO INCLUDE EVEN MORE GRANTS AND SCHOLARSHIPS. EACH YEAR, DVLF EMPOWERS AND ENHANCES THE LIVES OF THE LGBTQ COMMUNITY BY INVESTING IN COMMUNITY WORK. IT'S CRITICAL MISSION PROVIDES SERVICES TO PROGRAMS SERVING THE LGBTQ COMMUNITY.
Expenses $82,488 · Grants $61,914
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Michael GrosbergMICHAEL GROSBERG
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Karl MichelfelderKARL MICHELFELDER
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
William LefflerWILLIAM LEFFLER
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Clay PayneCLAY PAYNE
GOVERNANCE C
- Total calculated
- $0
- Hours/week
- 2
-
Chase WrightCHASE WRIGHT
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Gloria MelunisGLORIA MELUNIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Michael KingMICHAEL KING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Christopher Barrett PolitanCHRISTOPHER BARRETT POLITAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
James WrightJAMES WRIGHT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
James C YoungJAMES C YOUNG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jake MaroneyJAKE MARONEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Keisha PriceKEISHA PRICE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Laura RyanLAURA RYAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
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
-
SUPPORT LGBT COMM.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 8 May 2025
- IRS schema version
- 2024v5.0
- Source object
- 202541359349302464
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