Form 990 for tax year 2023

Totals

Total revenue

$455,601

Total expenses

$502,338

Contributions and grants received

$288,801

Grants paid

$487,731

Program service revenue

$0

Investment income

$166,800

Other revenue

$0

Total assets, end of year

$2,756,236

Total liabilities, end of year

$9,151

Net assets or fund balances, end of year

$2,747,085

Program services expenses (Part IX)

$487,849

Management and general expenses

$14,489

Fundraising expenses

$0

Program service expenses (Part III)

$487,849

Program services were 97.1% 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.

Mission and programs · 2023

• PARADIGM SCHOLARSHIP FOR WORKING WOMENAWARDED ANNUALLY TO WOMEN WHO WISH TO COMPLETE THEIR UNDERGRADUATE DEGREES WHILE WORKING FULL TIME.

  Expenses $76,207 · Grants $76,089

• SELECT GREATER PHILADELPHIA GRANT THE PURPOSE OF THE PROGRAM IS TO SUPPORT EDUCATIONAL, OUTREACH AND MAKETING ACTIVITIES OF SELECT GREATER PHILADELPHIA (SELECT) IN CONNECTION WITH ITS REGIONAL BUSINESS MARKETING CAMPAIGN. THESE ACTIVITIES ARE DESIGNED TO CONTRIBUTE TO THE REVITALIZATION OF THE GREATER PHILADELPHIA REGION, THEREBY COMBATING COMMUNITY DETERIORATION, LESSENING THE BURDENS OF GOVERNMENT AND CREATING JOB OPPORTUNITIES FOR LOW INCOME, UNEMPLOYED AND UNDER EMPLOYED RESIDENTS.

  Expenses $290,000 · Grants $290,000

• ARTS AND BUSINESS COUNCIL GRANT THE ARTS & BUSINESS COUNCIL OF GREATER PHILADELPHIA (ABC) FOSTERS COLLABORATION AND EXCHANGE BETWEEN THE CREATIVE AND BUSINESS COMMUNITIES FOR THE SOCIAL AND ECONOMIC BENEFIT OF THE GREATER PHILADELPHIA REGION.

  Expenses $7,500 · Grants $7,500

• OTHER PROGRAM SERVICES TO ASSIST IN THE EDUCATIONAL, CULTURAL AND ECONOMIC DEVELOPMENT OF THE GREATER PHILADELPHIA REGION.

  Expenses $114,142 · Grants $114,142

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• CHAMBER OF COMMERCE GR PHILADELPHIA

  $290,000

  TO CONTRIBUTE TO SELECT GREATER PHILADELPHIA'S REGIONAL MARKETING EFFORT TO PROMOTE ECONOMIC REVITALIZATION OF THE REGION AND TO ATTRACT, GROW AND RETAIN BUSINESSES AND JOBS, INCLUDING JOBS FOR LOW INCOME, UNEMPLOYED AND UNDEREMPLOYED RESIDENTS OF THE REGION.

• UNIVERSITY CITY DISTRICT

  $10,000

  WITH THE CONTRIBUTIONS RECEIVED FROM THE REGIONAL FOUNDATION, THE UNIVERSITY CITY DISTRICT WORKS WITHIN A PLACE-BASED, DATE-DRIVEN FRAMEWORK TO INVEST IN WORLD-CLASS PUBLIC SPACES, ADDRESS CRIME AND PUBLIC SAFETY, SUPPORT SMALL BUSINESSES ALONG OUR COMMERCIAL CORRIDORS, CONNECT LOW-INCOME PHILADELPHIANS TO CAREERS WITH EMPLOYER PARTNERS, AND PROMOTE JOB GROWTH AND INNOVATION.

• CHAMBER OF COMMERCE GR PHILADELPHIA

  $7,500

  TO SUPPORT THE PROGRAMS OF THE ARTS AND BUSINESS COUNCIL OF GREATER PHILADELPHIA, INCLUDING BUSINESS ON BOARD AND EXPERTISE AND RESOURCES FROM THE BUSINESS SECTOR.

• WEST PHILA ALLIANCE FOR CHILDREN

  $5,400

  CONTRIBUTIONS TO WEST PHILADELPHIA ALLIANCE FOR CHILDREN ARE USED TO BRING BOOKS, READING, AND LIBRARIES TO LOW-INCOME SCHOOLCHILDREN IN GRADES K-4, DURING THE EARLY AND CRITICAL YEARS OF THEIR EDUCATIONAL CAREERS.

• THE PHILA CITIZEN

  $5,250

  THE PHILADELPHIA CITIZEN IS A NONPARTISAN MEDIA OUTLET THAT COMBINES SOLUTIONS-BASED JOURNALISM, CALLS TO ACTION AN CIVIC-MINDED EVENTS WITH THE GOAL OF BOLSTERING DEMOCRACY IN THE AMERICAN CITY WHERE IT WAS BORN.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• CHAMBER OF COMMERCE FOR GR PHILADELPHIA

  501(C)(6) · BUSINESS LEAGUE · PA

• GPCC RESOURCES INC

  501(C)(6) · PROMOTE TRADE/COMMERCE · PA

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Provenance

Return type

form_990

Tax year

2023

Filed

15 April 2025

IRS schema version

2023v6.0

Source object

202531129349300333

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