Overview
What is Lancaster Avenue 21st Century Business Association?
The Lancaster Avenue 21st Century Business Association is a dedicated nonprofit organization situated in Philadelphia, Pennsylvania. Their primary mission is to maintain the cleanliness and upkeep of a 20-block commercial corridor along Lancaster Avenue. This is achieved by coordinating with a cleaning crew and engaging with local business owners to ensure they understand their environmental responsibilities. Beyond this, the association offers valuable training, resources, and an supportive environment to help both new and established businesses overcome challenges in their growth journey within the Lancaster Avenue corridor and the broader city of Philadelphia. The ultimate goal is to foster successful business growth and contribute to the economic enhancement of the area.
Official website here: www.la21philly.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
Lancaster Avenue 21st Century Business Association has achieved a solid Three-Star rating, reflecting its strong performance in accountability and finance. The charity's score is primarily based on this aspect, with a perfect score in various financial metrics, including an independent board composition and a clean audit report. The organization demonstrates a commitment to transparency and good governance through its documented policies and practices.
One of the notable strengths of this nonprofit is its high percentage of independent board members, which promotes effective oversight and decision-making. Additionally, the organization has maintained a low liabilities-to-assets ratio, indicating a healthy financial position. The presence of essential policies, including conflict of interest and whistleblower protections, further enhances its accountability standards.
However, while the organization excels in governance, its program expense ratio of 59.26% suggests that there may be room for improvement in allocating resources towards programmatic activities. Overall, Lancaster Avenue 21st Century Business Association shows a commendable commitment to financial integrity and accountability, though enhancing program expenditure could strengthen its impact further.
This AI summary has been generated from information found on Charity Navigator.
Is Lancaster Avenue 21st Century Business Association legitimate?
Lancaster Avenue 21st Century Business Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lancaster Avenue 21st Century Business Association 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: $181,659
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.la21philly.org
What is the mission statement of Lancaster Avenue 21st Century Business Association?
The Lancaster Avenue 21st Century Business Association is dedicated to assisting both new and established businesses in overcoming the challenges associated with starting, maintaining, and adapting to necessary changes. Their primary goal is to foster successful business growth and contribute to the economic improvement of their community. They achieve this by providing essential training and resources, creating an enabling environment, and advocating for the necessary changes needed for business success. The association takes responsibility for maintaining a twenty-block commercial corridor, working collaboratively with business owners to ensure they understand their responsibilities and contribute to a clean and well-maintained area.
Official website here: www.la21philly.org
Who is the CEO of Lancaster Avenue 21st Century Business Association?
Kwaku Boateng is the President of Lancaster Avenue 21st Century Business Association.
Official website here: www.la21philly.org
What is the revenue of Lancaster Avenue 21st Century Business Association?
Lancaster Avenue 21st Century Business Association's revenue in 2022 was $673,342.
Official website here: www.la21philly.org
Who are the executives of Lancaster Avenue 21st Century Business Association and what are their salaries?
Here are 13 key members and their salaries:
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- Compensation: $111,507
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Official website here: www.la21philly.org
Where can I find the form 990 for Lancaster Avenue 21st Century Business Association?
Lancaster Avenue 21st Century Business Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.la21philly.org
Learn more at the official website: www.la21philly.org
Mission Statement of Lancaster Avenue 21st Century Business Association
The Lancaster Avenue 21st Century Business Association is dedicated to providing assistance for new and established businesses in overcoming the challenges associated with starting, maintaining, and adapting to the necessary changes required for successful business growth. This nonprofit organization aims to contribute to the economic betterment of the Lancaster Avenue corridor and the city of Philadelphia as a whole. To accomplish this mission, they offer a range of resources and training programs, working to create an environment that fosters business success. In addition to this, the association takes on the responsibility of maintaining a twenty-block stretch of the Lancaster Avenue commercial corridor by organizing a cleaning crew and collaborating with business owners, ensuring they understand their responsibilities. This proactive approach to community development and business support is a testament to Lancaster Avenue 21st Century Business Association's commitment to fostering a thriving business environment.
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Impact
July, 2024
Lancaster Avenue 21st Century Business Association has significantly impacted the economic betterment of the Lancaster Avenue corridor and the city of Philadelphia by providing training, resources, and a supportive environment for new and established businesses. They help businesses address the challenges of starting, maintaining, and adapting to necessary changes for successful growth. Additionally, the association plays a crucial role in maintaining cleanliness along twenty blocks of the commercial corridor through organizing a cleaning crew and working with business owners to ensure their responsibilities are understood. Their efforts contribute to community improvement and economic development in Philadelphia.
This information is meant to be a general summary of Lancaster Avenue 21st Century Business Association. 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.
- Gross Receipts: $673,342
Assets and Liabilities:
- Total Assets: $117,142
- Total Liabilities: $14,917
- Net Assets: $102,225
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Organization Details
Founding Year
2011
Phone
(215) 883-0109Principal Officer
Kwaku Boateng
Main Address
3500 LANCASTER AVE, PHILADELPHIA, PA, 19104
Website
www.la21philly.orgNTEE Category
Code: S31 - Community improvement
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