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Nonprofiteer
← THE VISIONS FUND AT THE PHILADELPHIA FOUNDATION

Form 990 for tax year 2023

Filed by THE VISIONS FUND AT THE PHILADELPHIA FOUNDATION.

Totals

Total revenue
$6,523,640
Total expenses
$0
Contributions and grants received
$6,523,640
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$6,523,640
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,523,640
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

  • 1d · Related organizations

    $6,523,640

  • 1g · Noncash contributions included above

    $1,523,640

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $5,000,000

  • 9 · Prepaid expenses and deferred charges

    end of year $402,500

  • 11 · Investments: publicly traded securities

    end of year $372,217

  • 12 · Investments: other securities

    end of year $748,923

  • 27 · Net assets without donor restrictions

    end of year $6,523,640

Mission and programs · 2023

Mission

TO MAKE IMPACT INVESTMENTS THAT SUPPORT THE MISSION OF THE PHILADELPHIA FOUNDATION.

  • DELAWARE CHARITABLE ASSETS, INC. (DCA), A NONPROFIT CORPORATION, WAS INCORPORATED AS A TYPE I SUPPORTING ORGANIZATION TO THE PHILADELPHIA FOUNDATION (TPF), A RELATED 501(C)(3) PUBLIC CHARITY, ON OCTOBER 26, 2015, TO MAKE GRANTS FOR CHARITABLE PURPOSES THAT SUPPORT THE MISSION OF TPF. ON DECEMBER 22, 2023 DCA WAS CHANGED TO THE VISIONS FUND AT THE PHILADELPHIA FOUNDATION (VFPF). THE VISIONS FUND AT THE PHILADELPHIA FOUNDATION WAS FUNDED BY AN END-OF-YEAR GRANT FROM THE HARRY R. HALLORAN JR. CHARITABLE TRUST, A TYPE 1 SUPPORTING ORGANIZATION TO TPF, IN ORDER TO MAKE IMPACT INVESTMENTS THAT SUPPORT THE MISSION OF TPF.

As filed on the 2023 return.

Listed in Part VII

  • Pedro Ramos

    PRESIDENT & CEO, SECRETARY

    Total calculated
    $490,809
    From this org
    $0
    From related orgs
    $424,584
    Other
    $66,225
    Hours/week
    1 + 37.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $423,810 related
    Bonus
    $0
    Other
    $0 + $774 related
    Deferred
    $0 + $42,900 related
    Nontaxable benefits
    $0 + $23,325 related
    Filer's total
    $0 + $490,809 related

  • Lon Greenberg

    CHAIR AS OF 7/1/23, VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3.4 related

  • William J Burke

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3.4 related

  • Kate Allison

    CHAIR TO 6/30/23,BRD MBR TO 12/22/23

    Total calculated
    $0
    Hours/week
    1 + 3.4 related

  • Steven Scott Bradley

    BOARD MEMBER TO 12/22/23

    Total calculated
    $0
    Hours/week
    0.1 + 3.4 related

  • Fernando Chang-Muy

    BOARD MEMBER TO 12/22/23

    Total calculated
    $0
    Hours/week
    0.1 + 3.4 related

  • Holly Flanagan

    BOARD MEMBER TO 12/22/23

    Total calculated
    $0
    Hours/week
    0.1 + 3.4 related

  • Christina Mesires Fournaris

    BOARD MEMBER TO 12/22/23

    Total calculated
    $0
    Hours/week
    0.1 + 3.4 related

  • William P Hankowsky

    BOARD MEMBER TO 12/22/23

    Total calculated
    $0
    Hours/week
    0.1 + 3.4 related

  • Dixianne James

    BOARD MEMBER TO 12/22/23

    Total calculated
    $0
    Hours/week
    0.1 + 3.4 related

  • Shirin Karsan

    BOARD MEMBER TO 12/22/23

    Total calculated
    $0
    Hours/week
    0.1 + 3.4 related

  • Evelyn McNiff

    BOARD MEMBER TO 12/22/23

    Total calculated
    $0
    Hours/week
    0.1 + 3.4 related

  • Michael K Pearson

    BOARD MEMBER TO 12/22/23

    Total calculated
    $0
    Hours/week
    0.1 + 3.4 related

  • R Duane Perry

    BOARD MEMBER TO 12/22/23

    Total calculated
    $0
    Hours/week
    0.1 + 3.4 related

  • Wendell Pritchett

    BOARD MEMBER TO 12/22/23

    Total calculated
    $0
    Hours/week
    0.1 + 3.4 related

  • Andrew Rogoff

    BOARD MEMBER TO 12/22/23

    Total calculated
    $0
    Hours/week
    0.1 + 3.4 related

  • Jane Scaccetti

    BOARD MEMBER TO 12/22/23

    Total calculated
    $0
    Hours/week
    0.1 + 3.4 related

  • Evan Urbania

    BOARD MEMBER TO 12/22/23

    Total calculated
    $0
    Hours/week
    0.1 + 3.4 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)

PART I, LINE 3
THE FUND DOES NOT PAY OUT ANY COMPENSATION. ALL COMPENSATION DISCLOSED ON THE RETURN IS COMPENSATION FROM A RELATED ORGANIZATION FOR SERVICES RENDERED TO THAT RELATED ORGANIZATION. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO DETERMINE COMPENSATION: - COMPENSATION COMMITTEE - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4B
AS PART OF COMPENSATION FROM THE RELATED ORGANIZATION, PEDRO A. RAMOS PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN TO WHICH $9,900 WAS CONTRIBUTED DURING THE CALENDAR YEAR 2023. THIS AMOUNT IS INCLUDED IN THE AMOUNT REPORTED ON SCHEDULE J, PART II, COLUMN (C).

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202423179349308422

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