Totals
- Total revenue
- $1,179,972
- Total expenses
- $1,747,585
- Contributions and grants received
- $1,151,074
- Grants paid
- $155,350
- Program service revenue
- $26,937
- Investment income
- $0
- Other revenue
- $1,961
- Total assets, end of year
- $1,111,040
- Total liabilities, end of year
- $984,587
- Net assets or fund balances, end of year
- $126,453
- Program services expenses (Part IX)
- $1,202,707
- Management and general expenses
- $404,522
- Fundraising expenses
- $140,356
- Program service expenses (Part III)
- $1,202,707
Program services were 68.8% 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.
-
1e · Government grants (contributions)
$556,667
-
1f · All other contributions, gifts and grants
$594,407
-
2a · Program service revenue: INTEREST INCOME
total $18,907 · related or exempt $18,907
-
2b · Program service revenue: PROGRAM SERVICE REVENUE
total $8,030 · related or exempt $8,030
-
11a · Other revenue: MISCELLANEOUS INCOME
total $1,961 · excluded $1,961
-
11e · Other revenue, total
$1,961
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $155,350 · program services $155,350
-
5 · Compensation of officers, directors and key employees
total $164,392 · program services $115,075 · management and general $32,878 · fundraising $16,439
-
7 · Other salaries and wages
total $714,981 · program services $500,486 · management and general $142,997 · fundraising $71,498
-
8 · Pension plan contributions
total $23,748 · program services $16,623 · management and general $4,750 · fundraising $2,375
-
9 · Other employee benefits
total $145,512 · program services $101,559 · management and general $29,302 · fundraising $14,651
-
10 · Payroll taxes
total $78,192 · program services $54,735 · management and general $15,638 · fundraising $7,819
-
11b · Fees: legal
total $525 · program services $367 · management and general $105 · fundraising $53
-
11c · Fees: accounting
total $17,675 · program services $12,373 · management and general $3,535 · fundraising $1,767
-
11g · Fees: other
total $45,134 · program services $31,594 · management and general $9,027 · fundraising $4,513
-
13 · Office expenses
total $36,410 · program services $36,236 · fundraising $174
-
16 · Occupancy
total $110,784 · management and general $110,784
-
20 · Interest
total $6,633 · program services $6,633
-
22 · Depreciation, depletion and amortization
total $48,630 · management and general $48,630
-
23 · Insurance
total $8,684 · program services $6,079 · management and general $1,737 · fundraising $868
-
24a · Other expenses: PROGRAM EXPENSES
total $100,986 · program services $93,179 · fundraising $7,807
-
24b · Other expenses: BAD DEBT EXPENSE
total $42,951 · program services $42,951
-
24c · Other expenses: REPAIRS AND MAINTENANCE
total $11,726 · program services $9,381 · fundraising $2,345
-
24d · Other expenses: TELEPHONE
total $10,413 · program services $7,289 · management and general $2,083 · fundraising $1,041
-
24e · All other expenses
total $24,859 · program services $12,797 · management and general $3,056 · fundraising $9,006
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $536,036 · end of year $183,474
-
2 · Savings and temporary cash investments
beginning of year $387,073 · end of year $247,886
-
4 · Accounts receivable
beginning of year $1,995 · end of year $500
-
7 · Other notes and loans receivable
beginning of year $115,513 · end of year $110,087
-
9 · Prepaid expenses and deferred charges
beginning of year $24,716 · end of year $16,618
-
10a · Land, buildings and equipment: cost or other basis
$370,850
-
10b · Land, buildings and equipment: accumulated depreciation
$137,743
-
10c · Land, buildings and equipment, net
beginning of year $267,749 · end of year $233,107
-
14 · Intangible assets
beginning of year $20,513 · end of year $6,525
-
15 · Other assets
beginning of year $491,552 · end of year $312,843
-
17 · Accounts payable and accrued expenses
beginning of year $7,560 · end of year $20,859
-
19 · Deferred revenue
beginning of year $650,000 · end of year $567,990
-
23 · Secured mortgages and notes payable
beginning of year $201,850 · end of year $115,908
-
24 · Unsecured notes and loans payable
beginning of year $30,940 · end of year $30,940
-
25 · Other liabilities
beginning of year $327,398 · end of year $248,890
-
27 · Net assets without donor restrictions
beginning of year $7,364 · end of year $55,839
-
28 · Net assets with donor restrictions
beginning of year $620,035 · end of year $70,614
Mission and programs · 2024
Mission
ASSETS LANCASTER IS A NON-PROFIT THAT WORKS WITH START-UP AND EXISTING BUSINESSES TO FORM A MORE EQUITABLE AND ETHICAL ECONOMY. ASSETS LANCASTER OFFERS IN-DEPTH TRAINING AND FINANCING FOR ENTREPRENEURS, AND WORKS WITH ESTABLISHED BUSINESSES TO IMPROVE THEIR SOCIAL AND ENVIRONMENTAL IMPACT.
Activities or mission (Part I)
ASSETS LANCASTER CREATES ECONOMIC OPPORTUNITY AND CULTIVATES ENTREPRENEURIAL LEADERSHIP TO ALLEVIATE POVERTY AND BUILD VIBRANT AND SUSTAINABLE COMMUNITIES.
-
ASSETS LANCASTER OFFERS MICROENTERPRISE DEVELOPMENT THROUGH TRAINING AND LENDING SERVICES FOR MICROENTERPRISES. ASSETS LANCASTER'S MICRO-LENDING IS DESIGNED TO PROVIDE SMALL AMOUNTS OF WORKING CAPITAL TO BUSINESS ENTREPRENEURS. THE LOANS WILL TYPICALLY RANGE BETWEEN 10,000 AND 20,000. THERE WERE 13 NEW LOANS WITH AN AVERAGE BALANCE OF 10,769 FOR THE FISCAL YEAR ENDING 6/30/25.
Expenses $1,202,707 · Grants $155,350 · Revenue $26,937
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jaime ArroyoJAIME ARROYO
CEO
- Total calculated
- $107,961
- From this org
- $97,721
- From related orgs
- $0
- Other
- $10,240
- Hours/week
- 40
-
Andres ZorillaANDRES ZORILLA
INTERIM EXEC
- Total calculated
- $81,884
- From this org
- $66,671
- From related orgs
- $0
- Other
- $15,213
- Hours/week
- 40
-
Peter BarberPETER BARBER
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Champagne DomingoCHAMPAGNE DOMINGO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Amer Al FayadhAMER AL FAYADH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jessica GehmanJESSICA GEHMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kathy GranboisKATHY GRANBOIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lance GreeneLANCE GREENE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Kent HartzlerKENT HARTZLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Becca HrubochakBECCA HRUBOCHAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tom MalesicTOM MALESIC
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Joseph MartinezJOSEPH MARTINEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Yessenia RiosYESSENIA RIOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Denise WaymanDENISE WAYMAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
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
- 26 February 2026
- IRS schema version
- 2024v5.0
- Source object
- 202630589349300448
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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