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
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star Rating)
The Merchants Fund Of Philadelphia has achieved a commendable 92% rating from Charity Navigator, indicating strong performance in accountability and finance. This high score reflects the organization's commitment to transparency and responsible financial management, with the majority of its board members being independent and a solid program expense ratio of over 90%. The absence of any significant asset diversion further underscores its reliability.
Strengths include a fully independent board, effective oversight with an audit committee, and comprehensive policies in place related to conflict of interest and document retention. The organization demonstrates a robust financial health profile, reflected in a favorable liabilities to assets ratio of 0.00%. Such metrics suggest that The Merchants Fund Of Philadelphia effectively utilizes its resources to support its mission.
However, there is a notable limitation in the absence of a whistleblower policy, which could impact its overall governance framework. While this does not overshadow its high performance in other areas, addressing this gap could enhance the organization's accountability practices even further.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Merchants Fund Of Philadelphia?
The Merchants Fund of Philadelphia has received positive recognition from a few users, even though it currently has no overall ratings. One notable comment highlights a successful $10,000 grant awarded to FunTimes Magazine, emphasizing the nonprofit's impactful contribution to the community. The reviewer specifically commended the efforts of Ms. Blakely and her team, indicating a strong leadership presence.
While there are only a few reviews available, the sentiment conveyed suggests that the organization is making tangible contributions and supports local initiatives effectively. The acknowledgment of grant success reflects a commitment to enhancing community welfare, which has left a favorable impression on those involved.
Overall, there's a clear sense of appreciation for the services that The Merchants Fund provides, signaling that it is viewed as a valuable resource within the Philadelphia community.
This AI summary has been generated from reviews found on Facebook.
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.
Heare 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:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $144,296
- Related: $0
- Other: $8,285
Official website here: www.merchantsfund.org
Where can I find the form 990 for The Merchants Fund Of Philadelphia?
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.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 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.
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.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $382,508
- Gross Receipts: $1,362,463
Assets and Liabilities:
- Total Assets: $14,303,804
- Total Liabilities: $10,000
- Net Assets: $14,293,804
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1854
Phone
(215) 399-1339Principal Officer
Jill Fink
Main Address
1617 JOHN F KENNEDY BLVD 2042, PHILADELPHIA, PA, 191031833
Website
www.merchantsfund.orgNTEE Category
Code: Z99 - Unknown
If you are a representative of The Merchants Fund Of Philadelphia and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.