Form 990 for tax year 2023
Filed by LANCASTER AVENUE 21ST CENTURY BUSINESS ASSOCIATION.
Totals
- Total revenue
- $935,900
- Total expenses
- $928,975
- Contributions and grants received
- $935,900
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $257,617
- Total liabilities, end of year
- $148,467
- Net assets or fund balances, end of year
- $109,150
- Program services expenses (Part IX)
- $803,492
- Management and general expenses
- $125,284
- Fundraising expenses
- $199
- Program service expenses (Part III)
- $803,492
Program services were 86.5% 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
$8,100
-
1e · Government grants (contributions)
$760,923
-
1f · All other contributions, gifts and grants
$166,877
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
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 $273,603 · program services $241,072 · management and general $32,531
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $22,000 · management and general $22,000
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $9,680 · program services $5,194 · management and general $4,486
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $7,150 · program services $7,150
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $6,339 · program services $2,075 · management and general $4,264
-
13 · Office expenses
total $5,403 · program services $1,600 · management and general $3,803
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $24,163 · management and general $24,163
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $6,387 · program services $6,387
-
23 · Insurance
total $1,360 · management and general $1,360
-
24a · Other expenses: Contractors
total $488,787 · program services $488,787
-
24b · Other expenses: Administrative
total $29,291 · program services $18,009 · management and general $11,282
-
24c · Other expenses: Supplies
total $13,061 · program services $6,226 · management and general $6,835
-
24d · Other expenses: Prizes for competition
total $7,453 · program services $7,453
-
24e · All other expenses
total $34,298 · program services $19,539 · management and general $14,560 · fundraising $199
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $22,921 · end of year $15,781
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $86,446 · end of year $209,367
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $13 · end of year $194
-
10a · Land, buildings and equipment: cost or other basis
$38,950
-
10b · Land, buildings and equipment: accumulated depreciation
$6,675
-
10c · Land, buildings and equipment, net
beginning of year $7,762 · end of year $32,275
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $14,917 · end of year $23,467
-
19 · Deferred revenue
end of year $125,000
-
27 · Net assets without donor restrictions
beginning of year $102,225 · end of year $109,150
Mission and programs · 2023
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 Business Coridor 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 $450,474 · Revenue $453,814
-
Lancaster avenue supports businesses by providing access to technical assistance for almost all aspects of a business cycle.
Expenses $177,252 · Revenue $275,800
-
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 $175,766 · Revenue $191,608
As filed on the 2023 return.
Listed in Part VII
-
Kwaku Boateng
Executive Dir.
- Total calculated
- $148,143
- From this org
- $148,143
- From related orgs
- $0
- Other
- $0
- Hours/week
- 60
-
Jacqueline L Williams
Director
- Total calculated
- $105,960
- From this org
- $105,960
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
-
Karen Hess
Trustee
- Total calculated
- $14,500
- From this org
- $14,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Stephanie Collins
Trustee
- Total calculated
- $5,000
- From this org
- $5,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Peral Bailey-Anderson
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Belinda Patrick
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Terri Shockley
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Claude Barnes
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Joel Spivak
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Lisa Ashton Mattioli
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Benn Roe
Trustee
- Total calculated
- $0
- Hours/week
- 0
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
- 11 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432559349300028
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