The Merchants Fund Of Philadelphia
- Assets
- $16.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 2
- Location
- Philadelphia, PA
- Founding
- 01/1945
- Data as of
- 12/2023
- EIN
- 23-1584975
Organization Overview
The Merchants Fund Of Philadelphia is located in Philadelphia, PA. The organization was established in 1945. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Merchants Fund Of Philadelphia employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merchants Fund Of Philadelphia is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Merchants Fund Of Philadelphia has awarded 895 individual grants totaling $8,650,962. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE GRANTS AND OTHER SUPPORT TO MERCHANTS AND SMALL BUSINESSES IN PHILADELPHIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAKE DIRECT GRANTS TO BUSINESSES, SUPPORTING RETIRED MERCHANTS THROUGH OUR LEGACY PROGRAM, AND OFFERING "BEYOND THE GRANT" SERVICES THAT PROVIDE COACHING AND OTHER BUSINESS SUPPORT SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Gonzales Board President | OfficerTrustee | 1 | $0 |
Ana Lisa Yoder Board Vice President | OfficerTrustee | 1 | $0 |
Carey Morgan Board Treasurer | OfficerTrustee | 1 | $0 |
Samantha Porter Board Secretary | OfficerTrustee | 1 | $0 |
Kersy Azocar Board Member | Trustee | 1 | $0 |
Tom Ginsberg Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $25,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,000,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $166,325 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,191,325 |
| Total Program Service Revenue | $0 |
| Investment income | $440,812 |
| 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 | $1,632,137 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,362,850 |
| Grants and other assistance to domestic individuals. | $29,580 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $164,542 |
| Compensation of current officers, directors, key employees. | $46,960 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,643 |
| Pension plan accruals and contributions | $4,597 |
| Other employee benefits | $9,033 |
| Payroll taxes | $17,982 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,349 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,145 |
| Advertising and promotion | $3,324 |
| Office expenses | $0 |
| Information technology | $13,332 |
| Royalties | $0 |
| Occupancy | $15,431 |
| Travel | $2,412 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,281 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,419 |
| All other expenses | $11,026 |
| Total functional expenses | $1,771,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $381,602 |
| Savings and temporary cash investments | $23,351 |
| 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 | $21,496 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,182,869 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,617,735 |
| Total assets | $16,227,053 |
| Accounts payable and accrued expenses | $894 |
| 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 | $894 |
| Net assets without donor restrictions | $8,608,424 |
| Net assets with donor restrictions | $7,617,735 |
| 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 | $16,227,053 |
Grants Awarded
Over the last fiscal year, The Merchants Fund Of Philadelphia has awarded $1,243,472 in support to 105 organizations.
| Grant Recipient | Amount |
|---|---|
2637BREW INC PURPOSE: EMERGENCY | $20,000 |
4 KINGS TIRES PURPOSE: EMERGENCY | $10,000 |
A TASTE OF SPAIN PURPOSE: STABILIZATION | $5,500 |
AB BEAUTY PURPOSE: STABILIZATION | $7,500 |
ALPER AUTOMOTIVE INC PURPOSE: EMERGENCY | $10,000 |
AKSUM CAFE PURPOSE: STABILIZATION | $8,400 |