Form 990 for tax year 2023
Filed by INDEPENDENCE BUSINESS ALLIANCE.
Totals
- Total revenue
- $451,472
- Total expenses
- $379,479
- Contributions and grants received
- $151,628
- Grants paid
- $0
- Program service revenue
- $299,753
- Investment income
- $91
- Other revenue
- $0
- Total assets, end of year
- $494,266
- Total liabilities, end of year
- $146,689
- Net assets or fund balances, end of year
- $347,577
- Program services expenses (Part IX)
- $312,496
- Management and general expenses
- $39,136
- Fundraising expenses
- $27,847
- Program service expenses (Part III)
- not reported
Program services were 82.3% 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.
-
1e · Government grants (contributions)
$150,000
-
1f · All other contributions, gifts and grants
$1,628
-
2a · Program service revenue: CORPORATE PARTNERSHIP
total $197,889 · related or exempt $197,889
-
2b · Program service revenue: PROGRAM EVENT INCOME
total $52,408 · related or exempt $52,408
-
2c · Program service revenue: MEMBERSHIP DUES
total $49,456 · related or exempt $49,456
-
3 · Investment income
total $91 · excluded $91
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $112,000 · program services $89,600 · management and general $11,200 · fundraising $11,200
-
7 · Other salaries and wages
total $107,500 · program services $86,000 · management and general $10,750 · fundraising $10,750
-
9 · Other employee benefits
total $18,767 · program services $15,013 · management and general $1,877 · fundraising $1,877
-
10 · Payroll taxes
total $17,644 · program services $14,116 · management and general $1,764 · fundraising $1,764
-
13 · Office expenses
total $14,367 · program services $11,493 · management and general $1,437 · fundraising $1,437
-
20 · Interest
total $4,210 · management and general $4,210
-
23 · Insurance
total $5,233 · management and general $5,233
-
24a · Other expenses: EVENT COSTS
total $78,452 · program services $78,452
-
24b · Other expenses: SPONSORSHIPS
total $11,500 · program services $11,500
-
24c · Other expenses: STAFF AND BOARD EXPENSES
total $4,668 · program services $3,734 · management and general $467 · fundraising $467
-
24d · Other expenses: BANK CHARGES
total $3,234 · program services $2,588 · management and general $323 · fundraising $323
-
24e · All other expenses
total $1,904 · management and general $1,875 · fundraising $29
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $89,546 · end of year $157,756
-
2 · Savings and temporary cash investments
beginning of year $313,449 · end of year $313,542
-
3 · Pledges and grants receivable
beginning of year $22,968 · end of year $22,968
-
15 · Other assets
beginning of year $1,875
-
17 · Accounts payable and accrued expenses
beginning of year $2,254 · end of year $2,477
-
24 · Unsecured notes and loans payable
beginning of year $150,000 · end of year $144,212
-
27 · Net assets without donor restrictions
beginning of year $222,733 · end of year $246,951
-
28 · Net assets with donor restrictions
beginning of year $52,851 · end of year $100,626
Mission and programs · 2023
Mission
THE MISSION OF THE INDEPENDENCE BUSINESS ALLIANCE IS TO PROMOTE GREATER PHILADELPHIA'S LESBIAN, GAY, BISEXUAL, TRANSGENDER AND QUEER BUSINESS AND LEADERSHIP COMMUNITIES TO ENHANCE FINANCIAL OPPORTUNITIES, FOSTER DIVERSITY, DEVELOP LEADERSHIP AND COLLABORATION AND ADVOCATE FOR POSITIVE CHANGE.
-
EACH JUNE, THE ORGANIZATION HOSTS AN ANNUAL EVENT WHICH INCLUDES THE ELECTION OF OFFICERS, AN OPPORTUNITY FOR THE MEMBERS AND GUESTS TO NETWORK AND INCLUDES A PROGRAM OF SPEAKERS THAT INCLUDE ELECTED OFFICIALS, REPRESENTATIVES OF OTHER CHAMBERS OF COMMERCE AND A REPORT OF THE STATUS OF THE ORGANIZATION FROM THE PRESIDENT OF THE INDEPENDENCE BUSINESS ALLIANCE.
-
MONTHLY NETWORKING EVENTS THAT ARE CO-SPONSORED BY ANOTHER ORGANIZATION GIVE OUR MEMBERS AN OPPORTUNITY TO NETWORK WITH OTHER BUSINESS OWNERS, SELF EMPLOYED AND OTHER PROFESSIONAL INDIVIDUALS.
-
OTHER PROGRAMS AND CONFERENCES ARE HOSTED TO PROVIDE BUSINESS OWNERS WITH INFORMATION SUCH AS OBTAINING LOANS, WRITING AND IMPLEMENTING A BUSINESS PLAN, MARKETING STRATEGIES, TAX REGULATIONS, USING TECHNOLOGY AND OTHER TOPICS OF INTEREST TO BUSINESS OWNERS.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Zachary WilchaZACHARY WILCHA
CEO
- Total calculated
- $112,000
- From this org
- $112,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Anne GearyANNE GEARY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Elizabeth WingfieldELIZABETH WINGFIELD
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 5
-
Carolyn NatrinCAROLYN NATRIN
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Siobhan NeitzelSIOBHAN NEITZEL
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Kaela BlanksKAELA BLANKS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mars SharrockMARS SHARROCK
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Yuri CruscaYURI CRUSCA
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Haleigh McDonaldHALEIGH MCDONALD
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brett MurphyBRETT MURPHY
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Shenelle BrooksSHENELLE BROOKS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Peter Andrew Danzig-PalsenciaPETER ANDREW DANZIG-PALSENCIA
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sybil DavisSYBIL DAVIS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Alistair GloverALISTAIR GLOVER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nick LanziNICK LANZI
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tia Lyles-WilliamsTIA LYLES-WILLIAMS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jone MagagnaJONE MAGAGNA
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Darius McLeanDARIUS MCLEAN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lorena PlazaLORENA PLAZA
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Meg RiderMEG RIDER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Timothy RisselTIMOTHY RISSEL
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Amina ShahzadAMINA SHAHZAD
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Matthew ShapiroMATTHEW SHAPIRO
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Xinyu XieXINYU XIE
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521359349306267
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