Pennsylvania 30 Day Fund Inc
- Assets
- $76.2k
- Revenue
- $206.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- Data as of
- 12/2021
- EIN
- 85-0869736
Organization Overview
Pennsylvania 30 Day Fund Inc is located in Philadelphia, PA. According to its NTEE Classification (M12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pennsylvania 30 Day Fund Inc 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 12/2021, Pennsylvania 30 Day Fund Inc generated $206.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (74.0%) each year. All expenses for the organization totaled $617.9k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE OPROVIDE $3000 FORGIVABLE LOANS TO SMALL BUSINESSES ACROSS PENNSYLVANIA STRUGGLING WITH THE COVID-19 PANDEMIC AND RELATED SHUTDOWNS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COVID-19 CRISIS HAS PUT MILLIONS OF SMALL BUSINESS JOBS AT RISK. THESE SMALL BUSINESSES ARE EXPERIENCING A NEAR-FATAL CASH CRUNCH AS THEY STRUGGLE TO KEEP THEIR DOORS OPEN AND JOBS INTACT. THESE NEXT FEW CRITICAL MONTHS WILL IMPACT MILLIONS OF JOBS. THE NON-PROFIT PENNSYLVANIA 30 DAY FUND PROVIDES FORGIVABLE LOANS FOR PENNSYLVANIA-BASED SMALL BUSINESSES. THE FORGIVABLE LOAN IS INTENDED TO PROVIDE IMMEDIATE FINANCIAL ASSISTANCE (USUALLY WITHIN THREE DAYS) TO MEET PAYROLL, PRESERVE HEALTHCARE COVERAGE FOR EMPLOYEES AND SAVE JOBS WHILE THEY AWAIT THE ABILITY TO REOPEN OR THE RECEIPT OF ADDITIONAL ASSISTANCE. IN 2021, THE FUND RAISED OVER $200 THOUSAND AND PROVIDED ASSISTANCE TO 151 SMALL BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Phillips Director & Treas (term End Sept 2021) | OfficerTrustee | 10 | $0 |
Rodger Braunfeld Director & Secretary | OfficerTrustee | 10 | $0 |
Jeffrey Brown Chair | OfficerTrustee | 20 | $0 |
Jill Aschkenasy Director (term End Sept 2021) | Trustee | 20 | $0 |
Cassandra Bailey Director (term End Sept 2021) | Trustee | 10 | $0 |
Tony Payton Jr Director & Treas (term Start Sept 2021) | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $60,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $146,138 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $206,138 |
| Total Program Service Revenue | $0 |
| Investment income | $458 |
| 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 | $206,596 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $532,712 |
| Grants and other assistance to domestic individuals. | $27,000 |
| 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 | $17,302 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,165 |
| Advertising and promotion | $9,300 |
| Office expenses | $901 |
| Information technology | $85 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,089 |
| 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 | $0 |
| All other expenses | $386 |
| Total functional expenses | $617,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,175 |
| Savings and temporary cash investments | $0 |
| 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 | $76,175 |
| Accounts payable and accrued expenses | $4,900 |
| 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 | $4,900 |
| Net assets without donor restrictions | $71,275 |
| 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 | $76,175 |
Grants Awarded
Over the last fiscal year, Pennsylvania 30 Day Fund Inc has awarded $33,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Reading, PA PURPOSE: OPAKE INSTITUTE'S STUDENT POWERED BUSINESS INCUBATOR PROGRAM | $21,000 |
Philadelphia, PA PURPOSE: GRANT TO FUND 4 CHILDCARE PROVIDERS IN PHILADELPHIA | $12,000 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Pennsylvania 30 Day Fund Inc has recieved totaling $769,450.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $515,450 |
Daniel B And Florence E Green Foundation Conshohocken, PA PURPOSE: GENERAL FUND | $75,000 |
Pennsylvania Automotive Association Foundation Harrisburg, PA PURPOSE: GENERAL SUPPORT | $46,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $44,500 |
Vanguard Charitable Endowment Program Southeastern, PA PURPOSE: FOR RECIPIENT'S EXEMPT PURPOSE | $31,000 |
Operation Our Town Altoona, PA PURPOSE: COVID-19 SMALL BUSIN | $21,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American India Foundation New York, NY | $34,906,819 | $45,093,906 |
Amerisourcebergen Foundation Conshohocken, PA | $19,786,138 | $5,384,753 |
Ufcw Local 342 Safety Educational Cultural And Activities Fund Mineola, NY | $3,307,195 | $2,320,277 |
First Responder Center For Excellence For Reducing Occupation Crofton, MD | $363,541 | $1,510,968 |
Comprehensive Disaster Relief Germantown, MD | $527,664 | $1,403,872 |
Pennsylvania 30 Day Fund Inc Philadelphia, PA | $76,175 | $206,596 |
Emergency Services Association Of Central New York Inc Clinton, NY | $1,907,692 | $133,009 |
Keller Restaurant Relief Fund New York, NY | $232,881 | $378,111 |
Troopers United Hammonton, NJ | $188,863 | $384,747 |
Proampac Employee Assistance Fund Cincinnati, OH | $1,507,829 | $390,124 |
Ligonier Valley Fire Companies Ligonier, PA | $8,865 | $244,395 |
Union H E L P New York, NY | $290,499 | $0 |