2026-08-18T16:06:39-05:00 2025-12-31 WITHUMSMITHBROWN PC 1835 MARKET STREET SUITE 1710 PHILADELPHIA PA 191032945 990 2025-01-01 231584975 The Merchants Fund of Philadelphia % JILL FINK MERC 2153991339 1617 JFK Blvd Suite 2042 Philadelphia PA 191031833 JILL FINK EXECUTIVE DIRECTOR 2153991339 2026-05-15 true Thomas Parisi P00013287 2155462140 2025 2025-03-06 01:10:19Z JILL FINK 1617 JFK Blvd2042 Philadelphia PA 191031833 2185121 false X www.merchantsfund.org X 1854 PA TO PROVIDE GRANTS AND OTHER SUPPORT TO MERCHANTS AND SMALL BUSINESSES IN PHILADELPHIA. 15 15 6 21 0 948564 1673875 0 0 896453 511246 0 0 1845017 2185121 661544 1580824 0 0 296862 371587 0 50500 141868 186677 287708 1145083 2290619 699934 -105498 18150318 19969980 157283 249749 17993035 19720231 X THE MERCHANTS FUND PROVIDES GRANTS AND OTHER SUPPORT TO MERCHANTS AND SMALL BUSINESSES IN PHILADELPHIA. false false 1949384 1580824 MAKE DIRECT GRANTS TO BUSINESSES, SUPPORTING RETIRED MERCHANTS THROUGH OUR LEGACY PROGRAM, AND OFFERING "BEYOND THE GRANT" SERVICES THAT PROVIDE COACHING AND OTHER BUSINESS SUPPORT SERVICES. 1949384 true true false false false false false false false false false false false true false true true false false false false false false true false false false true true true false false false false false false false false false false false false false false false false false true 124 0 true 6 true false false false false false false false false false false false false X 15 15 false false false false false false false true true false false true true true true true true true true false PA X X JILL FINK 2153391339 1617 JOHN F KENNEDY BLVD Philadelphia PA 191031833 JILL FINK EXECUTIVE DIRECTOR 40.0 0.0 X 179432 0 19573 KERSEY AZOCAR BOARD MEMBER 1.0 0.0 X 0 0 0 TOM GINSBERG Board Vice President 1.0 0.0 X X 0 0 0 PETER GONZALES BOARD CHAIR 1.0 0.0 X X 0 0 0 BRUCE HOTALING BOARD MEMBER 1.0 0.0 X 0 0 0 JAMES JOHNSON-PIETT BOARD MEMBER 1.0 0.0 X 0 0 0 VANESSA LOWE BOARD MEMBER 1.0 0.0 X 0 0 0 SEULKY MCINNESHIN BOARD MEMBER 1.0 0.0 X 0 0 0 CAREY MORGAN TREASURER 1.0 0.0 X X 0 0 0 SHAWN NESBIT BOARD MEMBER 1.0 0.0 X 0 0 0 SAMANTHA PORTER SECRETARY 1.0 0.0 X X 0 0 0 ELBERT SAMPSON BOARD MEMBER 1.0 0.0 X 0 0 0 SHALIMAR THOMAS BOARD MEMBER 1.0 0.0 X 0 0 0 JOANNA WINCHESTER BOARD MEMBER 1.0 0.0 X 0 0 0 ANA LISA YODER BOARD MEMBER 1.0 0.0 X 0 0 0 ADNAN ZULFIQAR BOARD MEMBER 1.0 0.0 X 0 0 0 179432 0 19573 1 false true false 0 1556389 117486 1673875 0 511246 511246 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2185121 511246 1550857 1550857 29967 29967 0 0 199005 112504 43948 42553 0 136154 76973 30068 29113 1856 1049 410 397 9753 5514 2154 2085 24819 14030 5481 5308 0 1312 1312 20355 20355 0 50500 50500 62667 62667 114257 102873 6756 4628 0 27576 18188 4802 4586 19357 15205 4126 26 0 25591 10920 13219 1452 10997 10437 207 353 0 0 0 0 0 5596 867 3862 867 2290619 1949384 199367 141868 X 179384 396581 706035 479676 265654 125000 0 0 0 0 0 0 0 0 0 0 84938 76496 0 0 8691442 9824577 0 0 0 0 0 0 8222865 9067650 18150318 19969980 1144 0 0 0 156139 249749 0 0 0 0 0 0 0 0 0 0 0 0 157283 249749 X 9504516 10427581 8488519 9292650 17993035 19720231 18150318 19969980 X -105498 987909 844785 X false true X true false X 560300 158252 1191325 948564 1673875 4532316 0 0 560300 158252 1191325 948564 1673875 4532316 302224 4230092 423308 406619 440812 896453 511246 2678438 0 0 7210754 0.58664 0.62906 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED PERPETUAL TRUST 9067650 9067650 0 0 X 3955148 987909 844785 1832694 2122454 62667 62667 2185121 2227952 2227952 62667 62667 2290619 Form 990, Schedule D, Part XI, Line 2d CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS - $844,785. Form 990, Schedule D, Part X - Line 2 THE FUND IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FUND'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE FUND QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). GAAP REQUIRES ENTITIES TO EVALUATE, MEASURE AND RECOGNIZE ANY UNCERTAIN TAX POSITIONS. GAAP PRESCRIBES A MINIMUM THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET IN ORDER TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. THE FUND BELIEVES THAT IT HAD NO UNCERTAIN TAX POSITIONS AS DEFINED BY GAAP. 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873861709 5300 EMERGENCY JOURNEY HAIR SALON 7041 CASTOR AVE Philadelphia PA 19149 815152030 5143 EMERGENCY 0 104 STIPENDS 5 29967 Part I Description of Procedure for Monitoring Use of Funds TMF uses QuickBooks for all accounting and tracks revenue and expenses by Class in order to monitor how grant & government income is spent. Further a grant management software is used to track all grant payments made to small businesses. Reports from the grant management software and QuickBooks are compared as a means of ensuring that there are no DISCREPANCIES. A SCORING RUBRIC HAS BEEN DEVELOPED THAT PROVIDES A SCORE FOR EACH APPLICATION BASED ON HOW WELL THE APPLICANT/PROJECT MEETS FUNDING PRIORITIES AND THE GOALS OF THE GRANT PROGRAM. ADDITIONAL CONSIDERATION IS GIVEN TO THE IMPACT THE GRANT WOULD HAVE ON THE MERCHANT AND FOR THE BUSINESS, AS WELL AS ANY ADDITIONAL IMPACT OR BENEFIT TO THE LARGER NEIGHBORHOOD AND COMMUNITY. X X X X false false false false false false false false false JILL FINK EXECUTIVE DIRECTOR 179432 0 0 0 0 0 8972 0 10601 0 199005 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B: IN 2022, THE ORGANIZATION ESTABLISHED AN AUDIT COMMITTEE AS A SUB-COMMITTEE OF THE FINANCE COMMITTEE TO PERFORM AN INITIAL REVIEW OF THE FORM 990 BEFORE IT IS PROVIDED TO THE FULL BOARD PRIOR TO FILING. THE FULL BOARD WILL THEN REVIEW THE FORM 990 AND VOTE TO "ACCEPT" THE FILING. FORM 990, PART VI, SECTION B, LINE 12C: AN INTERESTED PERSON MUST DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST AND MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE MANAGERS OR THE EXECUTIVE DIRECTOR. AFTER DISCLOSURE OF THE ACTUAL OR POSSIBLE CONFLICTS OF INTERESTS AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, THE MANAGERS SHALL DETERMINE WHETHER A CONFLICT EXISTS. IN THE EVENT A MANAGER IS THE INTERESTED PERSON, THE INTERESTED PERSON SHALL ABSTAIN FROM PARTICIPATING IN SUCH DECISION. THE MANAGERS SHALL MEMORIALIZE THEIR CONSIDERATION OF REPORTED CONFLICTS OF INTEREST IN THE MINUTES OF THE RELEVANT MANAGERS' MEETING OR PROGRAM COMMITTEE MEETING OR IN SUCH OTHER PERMANENT WRITTEN RECORD OF TMF AS THEY SHALL DEEM APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15A: THE MANAGERS SHALL HAVE THE FINAL RESPONSIBILITY FOR DETERMINING APPROPRIATE COMPENSATION FOR MANAGERS, THE EXECUTIVE DIRECTOR, EMPLOYEES, MEMBERS OF ADVISORY TEAMS, OR OTHER CONSULTANTS. THE MANAGERS SHALL SEEK INFORMATION AND ADVICE FROM OUTSIDE SOURCES WITH REGARD TO APPROPRIATE COMPENSATION FOR INDIVIDUALS WHO PROVIDE SERVICES TO TMF BY COMPARING INDIVIDUALS AT OTHER ORGANIZATIONS WHO PERFORM SIMILAR TASKS AND WHO HAVE SIMILAR RESPONSIBILITIES AND COMPARABLE EDUCATION, EXPERIENCE AND SKILLS. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, PART XII, LINE 9: CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS - $844,785.