2024-03-06T10:31:38-08:00 2023-06-30 223209898 RUOTOLO SPEWAK & CO 101 CHESTNUT AVE MOUNT LAUREL NJ 08054 990 2022-07-01 232855262 VESTEDIN VEST 2154520100 3675 MARKET STREET PHILADELPHIA PA 19104 JAMES R BURNETT EXECUTIVE DIRECTOR 2154520100 2024-03-06 true JAMES BURNETT XXX-XX-XXXX true DUSTIN B WARD CPA MBA P01589702 8562731282 2024-03-06 3 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z JAMES BURNETT 3675 MARKET STREET SUITE 200 PHILADELPHIA PA 19104 1924224 false X www.vestedin.org. X 1996 PA VESTEDIN'S MISSION IS TO FACILITATE ECONOMIC EMPOWERMENT TO SMALL BUSINESSES & THE COMMUNITY AND INCREASED EMPLOYMENT OPPORTUNITIES IN THE PHILADELPHIA AREA. 11 11 13 30 0 0 1512515 1411641 321682 450471 288 8982 8401 17367 1842886 1888461 0 0 481632 653452 0 39258 1097616 1378100 1579248 2031552 263638 -143091 7760084 8094075 576259 1053341 7183825 7040734 VESTEDIN'S MISSION IS TO FACILITATE ECONOMIC EMPOWERMENT TO SMALL BUSINESSES & THE COMMUNITY AND INCREASED EMPLOYMENT OPPORTUNITIES IN THE PHILADELPHIA AREA. false false 1707874 524776 450471 PROVIDES ECONOMIC EMPOWERMENT TO SMALL BUSINESSES & THE COMMUNITY AND INCREASED EMPLOYMENT OPPORTUNITIES IN THE PHILADELPHIA AREA. PROVIDES CAPITAL, TECHNICAL ASSISTANCE AND FINANCIAL SERVICES AS AN INNOVATIVE RESPONSE TO A LOW-INCOME COMMUNITY HISTORICALLY UNDER SERVED BY TRADITIONAL FINANCIAL INSTITUTIONS. VESTEDIN ALSO OPERATES A PROGRAM FOR HIGH SCHOOL STUDENTS TO PROVIDE INSIGHT INTO FINANCIAL EDUCATION, COLLEGE PLANNING AND CAREER PLANNING. 1707874 true true false false false false false false false false true false false true true true true false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false true 1 0 false 13 true false false false false false false false false false false false false X 11 11 false false false false false false false true true false false true true true true true true true true true true PA X JAMES BURNETT 2154520100 3675 MARKET STREET SUITE 200 PHILADELPHIA PA 19104 JAMES R BURNETT EXECUTIVE DIRECTOR 40.00 X X 103102 0 26850 ISMAIL SHAHID CHAIRMAN 1.00 X X 0 0 0 ROBYN CHIN VICE CHAIRMAN 1.00 X X 0 0 0 NAJA MUHAMMAD TREASURER 1.00 X X 0 0 0 MALCOLM YATES SECRETARY 1.00 X X 0 0 0 KIMBERLY REED BOARD MEMBER 1.00 X 0 0 0 ANDRE ANDREWS BOARD MEMBER 1.00 X 0 0 0 VANESSA WILLIAMS BOARD MEMBER 1.00 X 0 0 0 DARRYL RIDGEWAY BOARD MEMBER 1.00 X 0 0 0 ALAN WILSON BOARD MEMBER 1.00 X 0 0 0 CIERRAH WEST-WILLIAMS BOARD MEMBER 1.00 X 0 0 0 JACQUELINE LOPEZ BOARD MEMBER 1.00 X 0 0 0 103102 0 26850 1 false false false 632265 779376 1411641 INVESTMENT INCOME FROM JOINT VENTURE 525990 305856 0 0 PROGRAM SERVICE REVENUE 525990 110469 0 0 INTEREST INCOME - LOANS 532000 27029 0 0 LOAN FEES 525990 7117 0 0 450471 8982 0 8982 53130 35763 17367 0 17367 1888461 450471 0 26349 120018 77678 36339 6001 423323 385575 31720 6028 66770 60131 6639 0 43341 31277 10848 1216 82310 46385 35925 0 74292 50136 21185 2971 64059 29380 33384 1295 3185 330 2855 0 87699 56973 30726 0 31662 16549 15113 0 43759 6278 15734 21747 5469 0 5469 0 22607 14042 8565 0 SMALL BUSINESS RELIEF GRANTS 524776 524776 0 0 BAD DEBT EXPENSE 309721 309721 0 0 WESGOLD FELLOWS 71588 71588 0 0 LOAN SERVICING 7419 7419 0 0 49554 19636 29918 0 2031552 1707874 284420 39258 1964101 2756393 1742505 1282017 601550 324050 786461 1020913 12081 11847 203311 151450 55190 51861 72892 73008 2525304 2573986 7760084 8094075 72401 96012 116599 567206 387259 390123 576259 1053341 X 5433922 5226710 1749903 1814024 7183825 7040734 7760084 8094075 -143091 X false true X true false X 0 0 458826 346733 2502891 1539822 1464771 6313043 89392 62035 398898 111728 144615 806668 72148 190431 380614 209954 305856 1159003 0 620366 599199 3282403 1861504 1915242 8278714 0 0 0 8278714 2103 898 221 288 8982 12492 2103 898 221 288 8982 12492 8291206 0.99850 0.99910 0.00150 0.00090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 62115 15939 46176 12249 12249 0 88453 82768 5685 40494 40494 0 51861 INVESTMENT IN WEST GOLD LLC 2386282 SECURITY DEPOSITS 4026 DUE FROM RELATED PARTY 183678 2573986 0 FUNDS HELD FOR OTHER ENTITIES 14132 OTHER LIABILITIES 2798 LINE OF CREDIT 373193 390123 X 1888461 1888461 1888461 2031552 2031552 2031552 Pt X, Line 2 VESTEDIN IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, VESTEDIN QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS PROVIDED. VESTEDIN HAS REVIEWED TAX POSITIONS TAKEN IN FILINGS WITH FEDERAL AND STATE JURISDICTIONS AND BELIEVES THOSE POSITIONS WOULD BE SUSTAINED SHOULD THE FILINGS BE EXAMINED BY THE RELEVANT TAXING AUTHORITY. FOR FEDERAL INCOME TAX PURPOSES, THE RETURNS REMAIN OPEN FOR POSSIBLE EXAMINATION THREE YEARS AFTER THEY ARE FILED. Pt X, Line 2 VESTEDIN'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN OTHER EXPENSE IN THE STATEMENT OF ACTIVITIES. NO INTEREST AND PENALTIES WERE RECORDED DURING THE YEAR ENDED JUNE 30, 2023. ANNUAL FUNDRAISING BREAKFAST 31972 31972 16258 ANNUAL FOUNDERS DAY 21158 21158 9380 10125 53130 53130 25638 10125 35763 17367 Pt VI, Line 11b THE PRESIDENT AND TREASURER REVIEW THE 990 Pt VI, Line 12c THE CONFLICT OF INTEREST STATEMENT IS REVIEWED AND Pt VI, Line 12c DISCUSSED ON A REGULAR BASIS W/STAFF AND BOARD MEMBERS Pt VI, Line 15a COMPENSATION FOR TOP OFFICIAL IN THE ORG. IS DETERMINED Pt VI, Line 15a BY THE BOARD OF DIRECTORS. THE BOARD USES INFORMATION Pt VI, Line 15a FROM THE IRS AND OTHER JURISDICTIONS TO DETERMINE Pt VI, Line 15a COMPENSATION. Pt VI, Line 15b COMPENSATION OF KEY EMPLOYEES IS APPROVED BY THE BOARD Pt VI, Line 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL Pt VI, Line 19 STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE Pt VI, Line 19 AVAILABLE TO THE PUBLIC IN THE ORGANIZATION'S OFFICE Pt VI, Line 19 UPON REQUEST