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Nonprofiteer
← O A P INC

Form 990 for tax year 2022

Filed by O A P INC.

Totals

Total revenue
$581,559
Total expenses
$312,106
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$571,173
Investment income
$0
Other revenue
$10,386
Total assets, end of year
$2,880,141
Total liabilities, end of year
$1,388,902
Net assets or fund balances, end of year
$1,491,239
Program services expenses (Part IX)
$287,136
Management and general expenses
$24,970
Fundraising expenses
$0
Program service expenses (Part III)
$287,136

Program services were 92.0% 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.

  • 2a · Program service revenue: PROGRAM SERVICE RENTAL INCOME

    total $571,173 · related or exempt $571,173

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: REIMBURSEMENTS

    total $10,386 · excluded $10,386

  • 11e · Other revenue, total

    $10,386

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 $0

  • 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 $0

  • 11a · Fees: management

    total $19,879 · program services $18,289 · management and general $1,590 · fundraising $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $6,998 · program services $6,438 · management and general $560 · fundraising $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $24,513 · program services $22,552 · management and general $1,961 · fundraising $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $24,007 · program services $22,086 · management and general $1,921 · fundraising $0

  • 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 $81,258 · program services $74,757 · management and general $6,501 · fundraising $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: ADMINISTRATIVE

    total $99,407 · program services $91,454 · management and general $7,953 · fundraising $0

  • 24b · Other expenses: TAXES

    total $35,869 · program services $32,999 · management and general $2,870 · fundraising $0

  • 24c · Other expenses: LIFE SAFETY

    total $18,943 · program services $17,428 · management and general $1,515 · fundraising $0

  • 24d · Other expenses: MISCELLANEOUS EXPENSES

    total $1,232 · program services $1,133 · management and general $99 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,280,304 · end of year $1,275,301

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $3,233,250

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,628,410

  • 10c · Land, buildings and equipment, net

    beginning of year $1,683,598 · end of year $1,604,840

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,742,116 · end of year $1,388,902

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,000 · end of year $1,000

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $1,575,723 · end of year $1,575,723

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$354,937 · end of year -$85,484

Mission and programs · 2022

Mission

TO CREATE A MORE LIVABLE ATMOSPHERE FOR STUDENTS, FACULTY, ADMINISTRATION EMPLOYEES AND RESIDENTS OF THE UNIVERSITY CITY/WEST PHILADELPHIA COMMUNITY.

Activities or mission (Part I)

TO CREATE A MORE LIVABLE ATMOSPHERE FOR STUDENTS, FACULTY, ADMINISTRATION, EMPLOYEES AND RESIDENTS OF THE UNIVERSITY CITY/WEST PHILADELPHIA COMMUNITY.

  • EXPENSES RELATED TO THE ACCOMPLISHMENT OF THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE TO MAINTAIN A SAFER, MORE SECURE ENVIRONMENT FOR STUDENTS, FACULTY, ADMINISTRATION, EMPLOYEES, AND RESIDENTS OF THE UNIVERSITY CITY/WEST PHILADELPHIA COMMUNITY, AS WELL AS TO IMPROVE UNIVERSITY LIFE AND THE UNDERGRADUATE EXPERIENCE AT THE UNIVERSITY OF PENNSYLVANIA.

    Expenses $287,136 · Revenue $571,173

As filed on the 2022 return.

Listed in Part VII

  • Anne Papageorge

    DIRECTOR

    Total calculated
    $826,404
    From this org
    $0
    From related orgs
    $758,705
    Other
    $67,699
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $549,378 related
    Bonus
    $0 + $138,000 related
    Other
    $0 + $71,327 related
    Deferred
    $0 + $49,950 related
    Nontaxable benefits
    $0 + $17,749 related
    Filer's total
    $0 + $826,404 related

  • Edwin D Datz

    PRESIDENT & DIRECTOR

    Total calculated
    $313,835
    From this org
    $0
    From related orgs
    $270,006
    Other
    $43,829
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $268,124 related
    Bonus
    $0 + $175 related
    Other
    $0 + $1,707 related
    Deferred
    $0 + $23,700 related
    Nontaxable benefits
    $0 + $20,129 related
    Filer's total
    $0 + $313,835 related

  • Elizabeth Hansen

    TREASURER

    Total calculated
    $243,095
    From this org
    $0
    From related orgs
    $208,177
    Other
    $34,918
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $208,052 related
    Bonus
    $0
    Other
    $0 + $125 related
    Deferred
    $0 + $19,184 related
    Nontaxable benefits
    $0 + $15,734 related
    Filer's total
    $0 + $243,095 related

  • Melissa Brown

    Director & Secretary

    Total calculated
    $233,760
    From this org
    $0
    From related orgs
    $190,436
    Other
    $43,324
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $190,270 related
    Bonus
    $0
    Other
    $0 + $166 related
    Deferred
    $0 + $17,585 related
    Nontaxable benefits
    $0 + $25,739 related
    Filer's total
    $0 + $233,760 related

  • Jee He Kim

    DIRECTOR & VP (THRU 10/22)

    Total calculated
    $193,359
    From this org
    $0
    From related orgs
    $168,233
    Other
    $25,126
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $153,835 related
    Bonus
    $0
    Other
    $0 + $14,398 related
    Deferred
    $0 + $14,200 related
    Nontaxable benefits
    $0 + $10,926 related
    Filer's total
    $0 + $193,359 related

  • Elizabeth Druck Davis

    DIRECTOR (AS OF 4/23)

    Total calculated
    $0
    Hours/week
    1 + 54 related

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

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3
TOP MANAGEMENT COMPENSATION AS PROVIDED IN THE FORM 990, SCHEDULE J INSTRUCTIONS, SINCE THE ORGANIZATION RELIES ON A RELATED ORGANIZATION WHICH USES ONE OR MORE OF THE METHODS DESCRIBED IN LINE 3 TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION, THIS QUESTION HAS BEEN LEFT UNANSWERED. REFER TO SCHEDULE O FOR A DESCRIPTION OF THE COMPENSATION REVIEW AND APPROVAL PROCESS. ------------------------------
SCHEDULE J, PART I, LINE 4B
SUPP NONQUALIFIED RET. PLAN PARTICIPATION CERTAIN OFFICERS AND/OR KEY EMPLOYEES OF THIS ORGANIZATION ARE COMPENSATED BY A RELATED ORGANIZATION, THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA ("UNIVERSITY"). THE UNIVERSITY MAINTAINS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") DESIGNED FOR SENIOR ADMINISTRATORS AND DEANS OF THE UNIVERSITY AS DESIGNATED BY THE BOARD OF TRUSTEES WHO HAVE MADE THE 5% EMPLOYEE CONTRIBUTION TO THE UNIVERSITY'S 403(B) PLAN, HAVE UNIVERSITY COMPENSATION OVER CERTAIN IRS PROSCRIBED THRESHOLDS, AND ARE ACTIVELY EMPLOYED BY THE UNIVERSITY WHEN THE CONTRIBUTION IS MADE. VESTING IN THE SERP OCCURS AFTER EACH THREE YEARS OF PARTICIPATION AND UPON THE OCCURRENCE OF CERTAIN EVENTS (ATTAINMENT OF AGE 65, DEATH, DISABILITY, OR INVOLUNTARY TERMINATION WITHOUT "CAUSE"). CONTRIBUTIONS FOR THOSE WHO HAVE REACHED AGE 65 WILL BE FULLY VESTED WHEN MADE. UPON REACHING A VESTING DATE, PARTICIPANTS WILL AUTOMATICALLY RECEIVE A "PARTIAL" DISTRIBUTION WHICH WILL BE WITHHELD TO SATISFY THE TAX CONSEQUENCES OF VESTING. THE BALANCE OF VESTED SERP ACCOUNT WILL REMAIN IN THE PLAN AND WILL BE DISTRIBUTED (PLUS OR MINUS INVESTMENT EARNINGS/LOSSES) UPON TERMINATION OF EMPLOYMENT. PARTICIPANTS WHO VOLUNTARILY TERMINATE BEFORE VESTING WILL FORFEIT THE BALANCE IN THEIR ACCOUNTS. THE FOLLOWING INDIVIDUALS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A PARTICIPATED IN THE SERP PLAN DURING THE YEAR AND/OR RECEIVED DISTRIBUTIONS DURING THE YEAR: ANNE PAPAGEORGE- NO DISTRIBUTION

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

No itemized grants to organizations on this return.

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.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • PDCP 1740 FUND LP

    INVESTMENT · IL

    Directly controlled by NA

  • CYRUS 1740 FUND LP

    INVESTMENT · NY

    Directly controlled by NA

  • CYRUS 1740 MASTER FUND LP

    INVESTMENT · CJ

    Directly controlled by NA

  • DVG 1740 FUND LP

    INVESTMENT · CT

    Directly controlled by NA

  • EAST MARSHALL STREET PARTNERSHIP LP

    INVESTMENT · PA

    Directly controlled by NA

  • FERN HILL PARTNERSHIP III LP

    RENTAL · PA

    Directly controlled by NA

  • FERN HILL LLC

    RENTAL · PA

    Directly controlled by NA

  • GALLOPAVO LP

    INVESTMENT · TX

    Directly controlled by NA

  • JOG V C LIMITED PARTNERSHIP

    INVESTMENT · CA

    Directly controlled by NA

  • JOG VI C LIMITED PARTNERSHIP

    INVESTMENT · CA

    Directly controlled by NA

  • KINGSTOWN 1740 FUND LP

    INVESTMENT · NY

    Directly controlled by NA

  • LANCASTER PET PARTNERSHIP LLP

    MEDICAL SERVICES · PA

    Directly controlled by NA

  • LG HEALTH COMM CARE COLLAB II

    ACO · PA

    Directly controlled by NA

  • LG HEALTH COMMUNITY CARE COLLABORATIVE

    ACO · PA

    Directly controlled by NA

  • MRI GROUP LLP

    MEDICAL SERVICES · PA

    Directly controlled by NA

  • NEIGHBRHD PRES & DEV FUND LP

    RENTAL · PA

    Directly controlled by NA

  • OAKLANDS WAY MEDICAL BUILDING ASSOCIATES

    RENTAL · PA

    Directly controlled by NA

  • SRP INVESTORS FUND A LP

    INVESTMENT · TX

    Directly controlled by NA

  • TURK'S HEAD SURGERY CENTER

    MEDICAL SERVICES · PA

    Directly controlled by NA

  • ST-TO RIBBIT OPPORTUNITY V LLC

    INVESTMENT · CA

    Directly controlled by NA

  • UNIVERSA BLACK SWAN PROTECTION PROTOCOL

    INVESTMENT · FL

    Directly controlled by NA

  • AXIS UKA GP LLC

    INVESTMENT · NY

    Directly controlled by NA

  • LIFT REAL ESTATE PARTNERS FUND II LP

    INVESTMENT · CA

    Directly controlled by NA

  • BEXP II (PARALLEL) LP

    INVESTMENT · TX

  • FORERUNNER BUILDERS F-G LP

    INVESTMENT · CA

    Directly controlled by NA

  • GCM CARRIAGE SPV LP

    INVESTMENT · NY

    Directly controlled by NA

  • INITIALIZED CBH SPV LLC

    INVESTMENT · CA

    Directly controlled by NA

  • SAILINGSTONE GLOBAL NATURAL RESOURCES

    INVESTMENT · TX

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ARCM 1740 LTD

    C-CORP · INVESTMENTS · CJ

    Directly controlled by TRUSTEES

  • CIRCLE MEDICAL ASSURANCE CO

    C-CORP · INSURANCE · PA

    Directly controlled by TRUSTEES

  • CLINICAL HEALTH CARE ASSOC OF NJ PC

    C-CORP · PHYS MGMT · PA

    Directly controlled by CCA

  • DELANCEY CORPORATION

    C-CORP · RENTAL · PA

    Directly controlled by PA HOSPITAL

  • FRANKLIN CASUALTY INSURANCE CO

    C-CORP · INSURANCE · VT

    Directly controlled by TRUSTEES

  • LANCASTER GENERAL 457 DEFERRED COMP PLAN

    TRUST · TRUST · PA

    Directly controlled by LG HEALTH

  • LANCASTER GENERAL INSURANCE COMPANY

    C-CORP · INSURANCE · CJ

    Directly controlled by LG HEALTH

  • LANCASTER GENERAL SERVICES INC

    C-CORP · PROPERTY SVCS · PA

    Directly controlled by LG HEALTH

  • NAYA 1740 FUND LTD

    C-CORP · INVESTMENTS · CJ

    Directly controlled by TRUSTEES

  • PENN MEDICINE LONDON LIMITED

    LIMITED COMPANY · NETWORKING · UK

    Directly controlled by UPENN INT'L

  • PENN WHARTON CONSULTING (BEIJING) CO LTD

    C-CORP · BUS. CONSULTING · CH

    Directly controlled by UPENN INT'L

  • PHI PHARMACY INC

    C-CORP · INACTIVE · NJ

    Directly controlled by PHCS HOLDING

  • PRINCETON HEALTH INC & SUBS

    C-CORP · MEDICAL · NJ

    Directly controlled by PHCS HOLDING

  • QUAKER INSURANCE COMPANY LTD

    C-CORP · SELF-INSURANCE · BD

    Directly controlled by TRUSTEES

  • THE PAM 1740 FUND LTD

    C-CORP · INVESTMENTS · CJ

    Directly controlled by TRUSTEES

  • TURK'S HEAD HEALTH SERVICES INC

    C-CORP · MEDICAL SERVICES · PA

    Directly controlled by CCH&HS

  • UPENN HOSPITALITY INC

    C-CORP · HOTEL/RESTAURANT · PA

    Directly controlled by TRUSTEES

  • CYRUS 1740 FUND LTD

    LIMITED COMPANY · INVESTMENTS · CJ

    Directly controlled by TRUSTEES

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202401349349300245

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