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← INDEPENDENCE BUSINESS ALLIANCE

Form 990 for tax year 2022

Filed by INDEPENDENCE BUSINESS ALLIANCE.

Totals

Total revenue
$321,169
Total expenses
$248,962
Contributions and grants received
$98,832
Grants paid
$2,974
Program service revenue
$222,250
Investment income
$87
Other revenue
$0
Total assets, end of year
$427,838
Total liabilities, end of year
$152,254
Net assets or fund balances, end of year
$275,584
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
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.

  • 1a · Federated campaigns

    $20,000

  • 1e · Government grants (contributions)

    $37,500

  • 1f · All other contributions, gifts and grants

    $41,332

  • 2a · Program service revenue: CORPORATE PARTNERSHIP

    total $108,685 · related or exempt $108,685

  • 2b · Program service revenue: EVENTS

    total $60,113 · related or exempt $25,803 · excluded $34,310

  • 2c · Program service revenue: DUES

    total $53,452 · related or exempt $53,452

  • 3 · Investment income

    total $87 · excluded $87

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,974

  • 5 · Compensation of officers, directors and key employees

    total $100,523

  • 7 · Other salaries and wages

    total $38,853

  • 9 · Other employee benefits

    total $1,800

  • 10 · Payroll taxes

    total $12,081

  • 11c · Fees: accounting

    total $4,660

  • 12 · Advertising and promotion

    total $467

  • 13 · Office expenses

    total $17,633

  • 16 · Occupancy

    total $45,033

  • 19 · Conferences, conventions and meetings

    total $10,312

  • 20 · Interest

    total $3,514

  • 23 · Insurance

    total $3,949

  • 24a · Other expenses: MEMBERSHIP

    total $6,500

  • 24b · Other expenses: MEMBER DEVELOPMENT

    total $663

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $72,687 · end of year $89,546

  • 2 · Savings and temporary cash investments

    beginning of year $258,101 · end of year $313,449

  • 3 · Pledges and grants receivable

    beginning of year $22,968 · end of year $22,968

  • 15 · Other assets

    beginning of year $1,875 · end of year $1,875

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,254 · end of year $2,254

  • 24 · Unsecured notes and loans payable

    beginning of year $150,000 · end of year $150,000

  • 27 · Net assets without donor restrictions

    beginning of year $198,877 · end of year $222,733

  • 28 · Net assets with donor restrictions

    beginning of year $4,500 · end of year $52,851

Mission and programs · 2022

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 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Zach Wilcha

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $99,492
    From this org
    $94,417
    From related orgs
    $0
    Other
    $5,075
    Hours/week
    40
  • Anne Geary

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5
  • Greg Deshields

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5
  • Carolyn Natrin

    SECRETARY

    Total calculated
    $0
    Hours/week
    3
  • Brett Murphy

    TREASURER

    Total calculated
    $0
    Hours/week
    5
  • Kaela Blanks

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Susan Cirilli

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Andrew Clark

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Yuri Crusca

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Sybil Davis

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Marcus Iannozzi

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Nick Lanzi

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Diana Lu

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jone Magagna

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Haleigh McDonald

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Darius McClean

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Siobhan Neitzel

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Lorena Plaza

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Anthony Reto

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Meg Rider

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Timothy Rissel

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Lee Singletary

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kanak Singh

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Amina Shahzad

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mars Sharrock

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Brandon Thompson

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Tia Lyles-Williams

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Lizzy Wingfield

    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
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202421349349305282

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