Old City Community Fund
- Assets
- $501.8k
- Revenue
- $160.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 09/2003
- Data as of
- 12/2023
- EIN
- 14-1844219
Organization Overview
Old City Community Fund is located in Philadelphia, PA. The organization was established in 2003. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old City Community Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Old City Community Fund generated $160.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $110.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OLD CITY COMMUNITY FUND (OCCF) IS A NONPROFIT ORGANIZATION WHOSE MISSION IS TO ENCOURAGE SUSTAINABLE GROWTH AND DEVELOPMENT IN OLD CITY WHILE PRESERVING THE NEIGHBORHOOD'S ESSENTIAL HISTORIC CHARACTER AND INDEPENDENT SPIRIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OBJECTIVE OF THE POCKET MAP IS TO FURNISH VISITORS TO THE OLD CITY NEIGHBORHOOD WITH A CONVENIENT INFORMATIONAL MAP THAT FEATURES A COMPREHENSIVE LISTING OF ALL THE BUSINESSES IN THE AREA. BUSINESSES INTERESTED IN BEING INCLUDED IN THE MAP ARE REQUIRED TO PAY A $75 FEE FOR THEIR LISTING. WE ANTICIPATE PRINTING APPROXIMATELY 50,000 COPIES OF THE GUIDE. THE POCKET MAP IS DISTRIBUTED TO ALL PARTICIPATING LOCAL BUSINESSES AND MADE AVAILABLE IN SELECT PHILADELPHIA TOURIST ATTRACTIONS. FOR DISTRIBUTION, WE RELY ON AN IN-HOUSE TEAM AS WELL AS CTM MEDIA GROUP.
PARKING STUDY
OCCF PROUDLY SHINES A SPOTLIGHT ON THE NEIGHBORHOOD WITH OLD CITY FEST, WHICH STANDS AS THE SINGLE LARGEST ANNUAL EVENT, DRAWING A REMARKABLE 20,000 VISITORS EACH YEAR. THIS FALL FESTIVAL IS A VIBRANT CELEBRATION OF ART, DESIGN, FASHION, FOOD, CREATIVITY, AND CULTURE. OLD CITY FEST IS A DEDICATED SHOWCASE OF OUR REGION'S PREMIER ARTS AND DESIGN DISTRICT, PUTTING LOCAL DESIGNERS, CREATIVE FIRMS, RESTAURANTS, RETAILERS, GALLERIES, THEATER, CULTURE, HISTORY, AND ARCHITECTURE AT THE FOREFRONT. IT'S AN EVENT THAT TRULY ENCAPSULATES THE ESSENCE AND DIVERSITY OF THE OLD CITY NEIGHBORHOOD.
OCCF PROUDLY HIGHLIGHTS ITS THRIVING DINING SCENE WITH OLD CITY EATS, A SUMMER-LONG PROGRAM THAT SPOTLIGHTS RESTAURANTS AND BARS. THIS ANNUAL BLOCK PARTY DRAWS IN AN IMPRESSIVE 3,000 ATTENDEES EACH YEAR.THIS SUMMERTIME INITIATIVE IS A GOLDEN OPPORTUNITY TO SHOWCASE OUR NEIGHBORHOOD'S DIVERSE RANGE OF RESTAURANTS, BARS, AND BYOB'S. PARTICIPATING ESTABLISHMENTS OFFER A SPECIAL DEAL, WITH ONE APPETIZER AVAILABLE AT A 50% DISCOUNT FROM ITS REGULAR PRICE, IN ADDITION TO AT LEAST ONE DRINK SPECIAL PRICED AT JUST $5.FOR BYOB'S AND BUSINESSES THAT DO NOT SERVE ALCOHOL, THE DEAL IS ADAPTED TO OFFER A SECOND APPETIZER AT 50% OFF THE REGULAR PRICE IN PLACE OF THE DRINK SPECIAL. THE PROGRAM RUNS EVERY THURSDAY FROM 5:00 TO 7:00 PM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheryl Bar Director | Trustee | 0.25 | $0 |
Donn Clendenon Director | Trustee | 0.25 | $0 |
Lauren Gilchrist Secretary | OfficerTrustee | 1 | $0 |
Lynn Haskin Chair | OfficerTrustee | 1 | $0 |
Pat Lavelle Director | Trustee | 0.25 | $0 |
Kelly Lee Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,000 |
| Total Program Service Revenue | $55,430 |
| Investment income | $5,274 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $160,704 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $97,824 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,743 |
| All other expenses | $825 |
| Total functional expenses | $110,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,366 |
| Savings and temporary cash investments | $255,396 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $501,762 |
| Accounts payable and accrued expenses | $17,794 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,794 |
| Net assets without donor restrictions | $483,968 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $501,762 |