Fund For Philadelphia Inc
- Assets
- $24.2m
- Revenue
- $18.3m
- Investments
- $0.0
- Employees
- 3
- Location
- Philadelphia, PA
- Founding
- 02/1982
- Data as of
- 06/2022
- EIN
- 23-2174863
Organization Overview
Fund For Philadelphia Inc, operating under the name The Mayor's Fund for Philadelphia, is located in Philadelphia, PA. The organization was established in 1982. As of 06/2022, Mayor's Fund for Philadelphia employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mayor's Fund for Philadelphia 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 06/2022, Mayor's Fund for Philadelphia generated $18.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $15.2m during the year ending 06/2022. While expenses have increased by 2.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mayor's Fund for Philadelphia has awarded 317 individual grants totaling $11,496,782. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AS A KEY PARTNER IN ADVANCING THE CITY'S PRIORITIES, WE ENVISION A COHESIVE, VIBRANT, SUPPORTIVE, EQUITABLE PHILADELPHIA WHERE ALL RESIDENTS CAN PROSPER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHLCONNECTED CONNECTS UP TO 35,000 PRE-K THRU 12 STUDENT HOUSEHOLDS WITH INTERNET SERVICE. THE PROGRAM, THROUGH KEY PARTNERSHIPS WITH THE SCHOOL DISTRICT OF PHILADELPHIA, SELECT CHARTER SCHOOLS, AND THE INDEPENDENCE MISSION SCHOOLS, ALSO PROVIDE DIGITAL SKILLS TRAINING AND SUPPORT. THERE ARE TWO CORE COMPONENTS OF PHLCONNECTED: 1.WIRED, HIGH SPEED, RELIABILE INTERNET TO THE HOME FROM COMCAST'S INTERNET ESSENTIALS PROGRAM, OR A HIGH-SPEED MOBILE HOTSPOT FROM T-MOBILE FOR FAMILES WHO ARE HOUSING-INSECURE OR NEED A MOBILE INTERNET SOLUTION; 2. DIGITAL SKILLS TRAINING AND TECH SUPPORT.
THE PHILADELPHIA MARATHON IS UNIQUE IN A RUNNING EVENT IN THAT IT IS PRODUCED AND OPERATED BY THE CITY OF PHILADELPHIA. THE CITY HOSTS THE INTERNATIONAL RUNNING COMMUNITY FOR A MARATHON AND ASSOCIATED RACES (AN EXPOSITION AND HALF MARATHON) OVER THE COURSE OF A WEEKEND. IN RECENT YEAR, THE ANNUAL TOTAL PARTICIPATION HAS AVERAGED 31,000 PEOPLE.
THE CITY OF PHILADELPHIA LAUNCHED INDEGO BIKE SHARE AS THE CITY'S NEWEST FORM OF PUBLIC TRANSPORTATION IN 2015. INDEGO BIKE SHARE IS AN INITIATIVE OF THE CITY AND WORKS TO BUILD AN EQUITABLE BIKE SHARE SYSTEM IN THE CITY. THE CITY OWNS OVER 1,000 SELF-SERVE BIKES AND OVER 130 STATIONS THROUGHOUT THE CITY. INDEGO BIKE SHARE OFFERS 24/7 ACCESS TO THEIR BIKES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jody B Greenblatt Executive Director | Officer | 40 | $127,625 |
Marlene Olshan Board Vice Chair | OfficerTrustee | 2 | $0 |
Richard Levins Board Chair | OfficerTrustee | 2 | $0 |
Vaughn Ross Board Treasurer | OfficerTrustee | 2 | $0 |
Laura Solomon Board Secretary | OfficerTrustee | 2 | $0 |
David Wilson Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
All Fitness Events Llc Marketing/consulting | 6/29/22 | $234,171 |
Hinge Collective Llc Architecture | 6/29/22 | $187,798 |
Ops Security Group Security | 6/29/22 | $200,047 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,776,337 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,776,337 |
| Total Program Service Revenue | $3,493,766 |
| Investment income | $0 |
| 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 | $18,270,036 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $658,596 |
| Grants and other assistance to domestic individuals. | $101,550 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $162,800 |
| Compensation of current officers, directors, key employees. | $162,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $163,223 |
| Pension plan accruals and contributions | $15,357 |
| Other employee benefits | $31,782 |
| Payroll taxes | $22,813 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,739 |
| Fees for services: Accounting | $107,233 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,736,617 |
| Advertising and promotion | $291,009 |
| Office expenses | $1,105,349 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $65,058 |
| Travel | $127,372 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,362 |
| Interest | $1,808 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,266 |
| Insurance | $75,774 |
| All other expenses | $0 |
| Total functional expenses | $15,241,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $329,258 |
| Savings and temporary cash investments | $21,094,978 |
| Pledges and grants receivable | $2,712,578 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $414 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,806 |
| Net Land, buildings, and equipment | $9,804 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,656 |
| Total assets | $24,191,494 |
| Accounts payable and accrued expenses | $812,933 |
| Grants payable | $0 |
| Deferred revenue | $1,098,015 |
| 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 | $1,919 |
| Other liabilities | $1,992,779 |
| Total liabilities | $3,905,646 |
| Net assets without donor restrictions | -$383,819 |
| Net assets with donor restrictions | $20,669,667 |
| 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 | $24,191,494 |
Grants Awarded
Over the last fiscal year, Fund For Philadelphia Inc has awarded $710,173 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: Program Funding | $105,000 |
CAMPAIGN FOR WORKING FAMILIES PURPOSE: Program Funding | $65,000 |
Philadelphia, PA PURPOSE: Program Funding | $58,547 |
Philadelphia, PA PURPOSE: Program Funding | $53,332 |
Philadelphia, PA PURPOSE: Program Funding | $53,203 |
Philadelphia, PA PURPOSE: Program Funding | $42,462 |
Grants Recieved
Over the last fiscal year, we have identified 25 grants that Fund For Philadelphia Inc has recieved totaling $6,375,231.
| Awarding Organization | Amount |
|---|---|
William Penn Foundation Philadelphia, PA PURPOSE: COMMUNITY RESOURCE CORPS | $1,000,000 |
Elevate 215 Philadelphia, PA PURPOSE: Technical Assistance | $625,000 |
William Penn Foundation Philadelphia, PA PURPOSE: INTEGRATING EARLY LITERACY INTO PARKS AND REC SUMMER OFFERINGS | $543,970 |
William Penn Foundation Philadelphia, PA PURPOSE: INTEGRATING EARLY LITERACY INTO PARKS AND REC SUMMER OFFERINGS | $506,013 |
William Penn Foundation Philadelphia, PA PURPOSE: PHILADELPHIA K-12 PHLCONNECTED DIGITAL EQUITY PROGRAM | $500,000 |
William Penn Foundation Philadelphia, PA PURPOSE: COMMUNITY RESOURCE CORPS | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For Philadelphia Inc Philadelphia, PA | $24,191,494 | $18,270,036 |
Ontario County Four Seasons Local Development Canandaigua, NY | $1,590,606 | $993,248 |
Pittsburgh Council For International Visitors Pciv Pittsburgh, PA | $22,323 | $143,676 |
Philadelphia Hospitality Inc Philadelphia, PA | $24,262 | $175,670 |
Catskill Association For Tourism Services Inc Leeds, NY | $13,377 | $0 |