Assets Lancaster

Organization Overview

Assets Lancaster is located in Lancaster, PA. The organization was established in 1996. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Assets Lancaster employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Assets Lancaster 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, Assets Lancaster generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 14.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ASSETS LANCASTER CREATES ECONOMIC OPPORTUNITY AND CULTIVATES ENTREPRENEURIAL LEADERSHIP TO ALLEVIATE POVERTY AND BUILD VIBRANT AND SUSTAINABLE COMMUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ASSETS LANCASTER OFFERS MICROENTERPRISE DEVELOPMENT THROUGH TRAINING AND LENDING SERVICES FOR MICROENTERPRISES. ADDITIONALLY, IT OFFERS CONSULTING SERVICES TO ESTABLISHED BUSINESSES TO MEASURE AND IMPROVE SOCIAL AND ENVIRONMENTAL PERFORMANCE. ASSETS LANCASTER'S MICRO-LENDING IS DESIGNED TO PROVIDE SMALL AMOUNTS OF WORKING CAPITAL TO BUSINESS ENTREPRENEURS. THE LOANS WILL TYPICALLY RANGE BETWEEN 1,000 AND 20,000. THERE WERE 10 NEW LOANS WITH AN AVERAGE BALANCE OF 8,000 FOR THE FISCAL YEAR ENDING 6/30/22.


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Board, Officers & Key Employees

Name (title)Compensation
Kent Hartzler
Treasurer
$0
Alex Alvarez
Vice Chair
$0
Liz Martin
Chair
$0
Julie Peachey
Secretary
$0
Jesse Casler
Ex-Officio
$0
Jaime Arroyo
CEO
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $632,876
All other contributions, gifts, grants, and similar amounts not included above$802,849
Noncash contributions included in lines 1a–1f $10,678
Total Revenue from Contributions, Gifts, Grants & Similar$1,435,725
Total Program Service Revenue$47,750
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$49,911
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,513,730

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Assets Lancaster has recieved totaling $317,471.

Awarding OrganizationAmount
National Association For Latino Community Asset Builders

San Antonio, TX

PURPOSE: Small Business

$105,000
Lancaster County Community Foundation

Lancaster, PA

PURPOSE: DESIGNATED FOR GENERAL OPERATING SUPPORT, CBO & BUSINESS PARTNERSHIP, FOOD LAB INCUBATOR PROGRAM

$104,690
The Blackbaud Giving Fund

Charleston, SC

PURPOSE: GENERAL SUPPORT

$50,050
The Blackbaud Giving Fund

Charleston, SC

PURPOSE: GENERAL SUPPORT

$50,050
Mccance Foundation Tr

North Scituate, MA

PURPOSE: GENERAL SUPPORT

$7,500
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$131
View Grant Recipient Profile

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