The Merchants Fund Of Philadelphia

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 231584975 ✦ Philadelphia, PA ✦ Designated as a 501(c)(3)

Overview

What is The Merchants Fund Of Philadelphia?

The Merchants Fund of Philadelphia is a nonprofit organization, headquartered at 1617 John F. Kennedy Blvd, 2042, Philadelphia, PA 19103-1833. Their primary mission is to provide financial assistance and support to merchants and small businesses in the city. They accomplish this by making direct grants and offering additional business support services through their "Beyond the Grant" program. This program includes coaching and other resources designed to help these businesses thrive. The Merchants Fund of Philadelphia employs a team of three individuals, committed to enhancing Philadelphia's business community.


Official website here: www.merchantsfund.org

Is The Merchants Fund Of Philadelphia legitimate?

The Merchants Fund Of Philadelphia is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Merchants Fund Of Philadelphia submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $152,581
Professional Fundraising Fees: $0
Other Salaries and Wages: $53,519

For more financial information, click here


Official website here: www.merchantsfund.org

What is the mission statement of The Merchants Fund Of Philadelphia?

The Merchants Fund of Philadelphia's mission is centered around providing assistance to merchants and small businesses. This assistance comes in the form of grants and additional support. Beyond financial aid, they offer coaching and other business-related services through their "Beyond the Grant" program. Moreover, they provide support to retired merchants through their Legacy Program. In essence, the Merchants Fund aims to bolster the financial and operational well-being of the merchant community.


Official website here: www.merchantsfund.org

Who is the CEO of The Merchants Fund Of Philadelphia?

Jill Fink is the Board Chair of The Merchants Fund Of Philadelphia.


Official website here: www.merchantsfund.org

What is the revenue of The Merchants Fund Of Philadelphia?

The Merchants Fund Of Philadelphia's revenue in 2022 was $540,760.


Official website here: www.merchantsfund.org

Who are the executives of The Merchants Fund Of Philadelphia and what are their salaries?

The average compensation at The Merchants Fund Of Philadelphia during 2022 was $68,700. There are 3 employees and 19 volunteers at The Merchants Fund Of Philadelphia.

Here are 16 key members and their salaries:

    Jill Fink (Executive Director)
  • Compensation: $144,296
  • Related: $0
  • Other: $8,285

    • Bruce Hotaling (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steven King (Board Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Johnson-Piett (Board Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ana Lisa Yoder (Board Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kersy Azocar (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Banks (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Melissa Kim (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carey Morgan (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shawn Nesbit (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Samantha Porter (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shalimar Thomas (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andy Toy (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dafan Zhang (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Adnan Zulfiqar (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Ginsberg (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.merchantsfund.org

    Where can I find the form 990 for The Merchants Fund Of Philadelphia?

    The The Merchants Fund Of Philadelphia’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.merchantsfund.org

    Learn more at the official website: www.merchantsfund.org

    Mission Statement of The Merchants Fund Of Philadelphia

    The Merchants Fund of Philadelphia, a nonprofit organization, is committed to providing grants and other forms of support to merchants and small businesses within its community. Its mission is to extend financial assistance and resources to these businesses, thereby fostering their growth and sustainability. Beyond offering direct financial aid, The Merchants Fund also extends its support to retired merchants through its Legacy Program. Furthermore, the organization offers additional services beyond grants, such as coaching and business support, collectively referred to as "Beyond the Grant" services. These additional offerings aim to equip businesses with the necessary tools and knowledge to thrive and overcome challenges.

    Impact

    This information is meant to be a general summary of The Merchants Fund Of Philadelphia. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    The Merchants Fund Of Philadelphia directly impacts Philadelphia's merchants and small businesses by providing grants and other support to help them thrive. This support includes making direct grants, offering coaching and business support services, and supporting retired merchants through the Legacy Program. Through these initiatives, The Merchants Fund contributes to the growth and sustainability of businesses in Philadelphia, ultimately benefiting the local economy and community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $382,508
  • Program Service Revenue: $0
  • Gross Receipts: $1,362,463

    • Assets and Liabilities:
  • Total Assets: $14,303,804
  • Total Liabilities: $10,000
  • Net Assets: $14,293,804
  • Organization Details

    Founding Year

    1854

    Principal Officer

    Jill Fink

    Main Address

    1617 JOHN F KENNEDY BLVD 2042, PHILADELPHIA, PA, 191031833

    NTEE Category

    Code: Z99 - Unknown

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