Totals
- Total revenue
- $321,059
- Total expenses
- $387,801
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $217,809
- Investment income
- $2,430
- Other revenue
- $100,820
- Total assets, end of year
- $153,879
- Total liabilities, end of year
- $79,253
- Net assets or fund balances, end of year
- $74,626
- Program services expenses (Part IX)
- $332,908
- Management and general expenses
- $41,342
- Fundraising expenses
- $13,551
- Program service expenses (Part III)
- $332,908
Program services were 85.8% 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: ANNUAL EVENT INCOME
-
2b · Program service revenue: FEE FOR SERVICE INCOME
total $15,880 · related or exempt $15,880
-
2c · Program service revenue: LEADERS LUNCHEON INCOME
total $54,425 · related or exempt $54,425
-
2d · Program service revenue: Membership Dues & Assessments
total $71,129 · related or exempt $71,129
-
2e · Program service revenue: MONTHLY EVENT INCOME
total $76,375 · related or exempt $76,375
-
3 · Investment income
total $2,430 · excluded $2,430
-
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
-
11a · Other revenue: CORPORATE SPONSORSHIPS
total $100,820 · related or exempt $100,820
-
11b · Other revenue: ROYALTY INCOME
-
11e · Other revenue, total
$100,820
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 $87,669 · program services $61,368 · management and general $17,534 · fundraising $8,767
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $60,470 · program services $51,399 · management and general $9,071
-
8 · Pension plan contributions
total $4,410 · program services $3,357 · management and general $792 · fundraising $261
-
9 · Other employee benefits
total $16,300 · program services $12,332 · management and general $2,953 · fundraising $1,015
-
10 · Payroll taxes
total $11,621 · program services $8,850 · management and general $2,086 · fundraising $685
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $8,475 · program services $6,525 · management and general $1,441 · fundraising $509
-
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 $1,490 · program services $1,148 · management and general $253 · fundraising $89
-
13 · Office expenses
total $1,917 · program services $1,476 · management and general $326 · fundraising $115
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $990 · management and general $990
-
17 · Travel
total $898 · program services $898
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $30 · management and general $30
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $5,692 · program services $4,279 · management and general $733 · fundraising $680
-
24a · Other expenses: Monthly Event Expenses
total $91,160 · program services $91,160
-
24b · Other expenses: Leaders Luncheon Expenses
total $50,079 · program services $50,079
-
24c · Other expenses: Credit Card Charges
total $10,768 · program services $9,691 · management and general $1,077
-
24d · Other expenses: Bookkeping Fees
total $9,600 · program services $7,392 · management and general $1,632 · fundraising $576
-
24e · All other expenses
total $26,232 · program services $22,954 · management and general $2,424 · fundraising $854
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $77,036 · end of year $74,967
-
2 · Savings and temporary cash investments
end of year $54,366
-
3 · Pledges and grants receivable
end of year $0
-
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 $22,722 · end of year $24,471
-
10a · Land, buildings and equipment: cost or other basis
$97,247
-
10b · Land, buildings and equipment: accumulated depreciation
$97,247
-
10c · Land, buildings and equipment, net
end of year $0
-
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
beginning of year $75 · end of year $75
-
17 · Accounts payable and accrued expenses
beginning of year $375 · end of year $1,428
-
19 · Deferred revenue
beginning of year $44,600 · end of year $77,825
-
27 · Net assets without donor restrictions
beginning of year $54,858 · end of year $74,626
Mission and programs · 2024
Mission
TO FOSTER COMMUNICATION, COOPERATION, EDUCATION AND SERVICES AMONG THE BUSINESSES OF CENTER CITY PHILADELPHIA AND TO MAINTAIN, PROMOTE AND IMPROVE THE COMMERCIAL VITALITY OF CENTER CITY PHILADELPHIA.
-
THROUGH VARIOUS MONTHLY, ANNUAL, LEADER LUNCHEON AND FEE FOR SERVICE EVENTS, THE ORGANIZATION FOSTERS COMMUNICATION, COOPERATION, EDUCATION AND SERVICES AMONG THE SMALL BUSINESSES OF CENTER CITY PHILADELPHIA AND HELPS MAINTAIN, PROMOTE AND IMPROVE THE COMMERCIAL VITALITY OF CENTER CITY PHILADELPHIA.
Expenses $332,908 · Revenue $247,500
As filed on the 2024 return.
Listed in Part VII
-
Benjamin FrankBENJAMIN FRANK
EXECUTIVE DIRECTOR
- Total calculated
- $87,669
- From this org
- $87,669
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
David LaneDAVID LANE
Vice President
- Total calculated
- $0
- Hours/week
- 3
-
Greg Deshields Cho CheGREG DESHIELDS CHO CHE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Susanne Spinell ShusterSUSANNE SPINELL SHUSTER
Secretary
- Total calculated
- $0
- Hours/week
- 3
-
Cynthia LechCYNTHIA LECH
Director
- Total calculated
- $0
- Hours/week
- 1
-
Heather ShoemakerHEATHER SHOEMAKER
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Taz SadhukhanTAZ SADHUKHAN
President & CEO
- Total calculated
- $0
- Hours/week
- 5
-
Hector BonesHECTOR BONES
Director
- Total calculated
- $0
- Hours/week
- 1
-
Deirdre HopkinsDEIRDRE HOPKINS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Andrew LovellANDREW LOVELL
Director
- Total calculated
- $0
- Hours/week
- 1
-
Matthew SkiltonMATTHEW SKILTON
Treasurer
- Total calculated
- $0
- Hours/week
- 3
-
John LeskowJOHN LESKOW
Director
- Total calculated
- $0
- Hours/week
- 1
-
Carol J De FriesCAROL J DE FRIES
Director
- Total calculated
- $0
- Hours/week
- 1
-
Michael ResnicMICHAEL RESNIC
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sean BoyceSEAN BOYCE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Greg DenisGREG DENIS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Georgette LunaGEORGETTE LUNA
Director
- Total calculated
- $0
- Hours/week
- 1
-
Enerel MunkhzulENEREL MUNKHZUL
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ed SeidersED SEIDERS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ellen SisleELLEN SISLE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tiffany SpragginsTIFFANY SPRAGGINS
Director
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 30 April 2025
- IRS schema version
- 2024v5.1
- Source object
- 202541209349300139
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