Nonprofit · EIN 20-8060756
INDEPENDENCE BUSINESS ALLIANCE
Tax-exempt · PHILADELPHIA, PA 19102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $451,472 | $379,479 | $71,993 | $494,266 | $146,689 | $347,577 |
| June 30, 2023 | 990 | $321,169 | $248,962 | $72,207 | $427,838 | $152,254 | $275,584 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $151,628
- of which government grants
- $150,000
- Program service revenue
- $299,753
- Investment income
- $91
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $112,000
- Other salaries and wages
- $107,500
- Salaries, compensation and benefits (total)
- $255,911
- Professional fundraising fees
- $0
- Program services (functional)
- $312,496
- Management and general (functional)
- $39,136
- Fundraising (functional)
- $27,847
Balance sheet and other
- Total assets, start of year
- $427,838
- Total assets, end of year
- $494,266
- Total liabilities, end of year
- $146,689
- Net assets, end of year
- $347,577
- Net assets without donor restrictions
- $246,951
- Net assets with donor restrictions
- $100,626
- Gross receipts
- $451,472
- Employees
- 3
- Volunteers
- 23
- Year formed
- 2007
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ZACHARY WILCHA | CEO Officer | 40 | $112,000 |
| ANNE GEARY | PRESIDENT Trustee or director, Officer | 5 | $0 |
| ELIZABETH WINGFIELD | VICE PRESIDE Trustee or director, Officer | 5 | $0 |
| CAROLYN NATRIN | SECRETARY Trustee or director, Officer | 5 | $0 |
| SIOBHAN NEITZEL | TREASURER Trustee or director, Officer | 5 | $0 |
| KAELA BLANKS | MEMBER Trustee or director | 1 | $0 |
| MARS SHARROCK | MEMBER Trustee or director | 1 | $0 |
| YURI CRUSCA | MEMBER Trustee or director | 1 | $0 |
| HALEIGH MCDONALD | MEMBER Trustee or director | 1 | $0 |
| BRETT MURPHY | MEMBER Trustee or director | 1 | $0 |
| SHENELLE BROOKS | MEMBER Trustee or director | 1 | $0 |
| PETER ANDREW DANZIG-PALSENCIA | MEMBER Trustee or director | 1 | $0 |
| SYBIL DAVIS | MEMBER Trustee or director | 1 | $0 |
| ALISTAIR GLOVER | MEMBER Trustee or director | 1 | $0 |
| NICK LANZI | MEMBER Trustee or director | 1 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIA LYLES-WILLIAMS | MEMBER Trustee or director | 1 | $0 |
| JONE MAGAGNA | MEMBER Trustee or director | 1 | $0 |
| DARIUS MCLEAN | MEMBER Trustee or director | 1 | $0 |
| LORENA PLAZA | MEMBER Trustee or director | 1 | $0 |
| MEG RIDER | MEMBER Trustee or director | 1 | $0 |
| TIMOTHY RISSEL | MEMBER Trustee or director | 1 | $0 |
| AMINA SHAHZAD | MEMBER Trustee or director | 1 | $0 |
| MATTHEW SHAPIRO | MEMBER Trustee or director | 1 | $0 |
| XINYU XIE | MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 28 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ZACH WILCHA | CHIEF EXECUTIVE OFFICER Officer | 40 | $94,417 | $5,075 |
| ANNE GEARY | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| GREG DESHIELDS | VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| CAROLYN NATRIN | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| BRETT MURPHY | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| KAELA BLANKS | MEMBER Trustee or director | 1 | $0 | $0 |
| SUSAN CIRILLI | MEMBER Trustee or director | 1 | $0 | $0 |
| ANDREW CLARK | MEMBER Trustee or director | 1 | $0 | $0 |
| YURI CRUSCA | MEMBER Trustee or director | 1 | $0 | $0 |
| SYBIL DAVIS | MEMBER Trustee or director | 1 | $0 | $0 |
| MARCUS IANNOZZI | MEMBER Trustee or director | 1 | $0 | $0 |
| NICK LANZI | MEMBER Trustee or director | 1 | $0 | $0 |
| DIANA LU | MEMBER Trustee or director | 1 | $0 | $0 |
| JONE MAGAGNA | MEMBER Trustee or director | 1 | $0 | $0 |
| HALEIGH MCDONALD | MEMBER Trustee or director | 1 | $0 | $0 |
| DARIUS MCCLEAN | MEMBER Trustee or director | 1 | $0 | $0 |
| SIOBHAN NEITZEL | MEMBER Trustee or director | 1 | $0 | $0 |
| LORENA PLAZA | MEMBER Trustee or director | 1 | $0 | $0 |
| ANTHONY RETO | MEMBER Trustee or director | 1 | $0 | $0 |
| MEG RIDER | MEMBER Trustee or director | 1 | $0 | $0 |
| TIMOTHY RISSEL | MEMBER Trustee or director | 1 | $0 | $0 |
| LEE SINGLETARY | MEMBER Trustee or director | 1 | $0 | $0 |
| KANAK SINGH | MEMBER Trustee or director | 1 | $0 | $0 |
| AMINA SHAHZAD | MEMBER Trustee or director | 1 | $0 | $0 |
| MARS SHARROCK | MEMBER Trustee or director | 1 | $0 | $0 |
| BRANDON THOMPSON | MEMBER Trustee or director | 1 | $0 | $0 |
| TIA LYLES-WILLIAMS | MEMBER Trustee or director | 1 | $0 | $0 |
| LIZZY WINGFIELD | MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 230 S BROAD ST FL 17, PHILADELPHIA, PA 19102-4103
- In care of
- % HOWARD R CHILDS
- Principal officer (990 for 2023)
- SIOBHAN NEITZEL, 230 S BROAD ST, 17TH FLR, PHILADELPHIA, PA 19102
- Signed the 990
- SIOBHAN NEITZEL, TREASURER
- Phone
- (215) 557-0190
- Website
- WWW.THINKIBA.COM
- Return prepared by
- BARATZ & ASSOCIATES PA
Mission
THE MISSION OF THE INDEPENDENCE BUSINESS ALLIANCE IS TO PROMOTE GREATER PHILADELPHIA'S LESBIAN, GAY, BISEXUAL, TRANSGENDER AND QUEER BUSINESS AND LEADERSHIP COMMUNITIES TO ENHANCE FINANCIAL OPPORTUNITIES, FOSTER DIVERSITY, DEVELOP LEADERSHIP AND COLLABORATION AND ADVOCATE FOR POSITIVE CHANGE.
Program accomplishments
- EACH JUNE, THE ORGANIZATION HOSTS AN ANNUAL EVENT WHICH INCLUDES THE ELECTION OF OFFICERS, AN OPPORTUNITY FOR THE MEMBERS AND GUESTS TO NETWORK AND INCLUDES A PROGRAM OF SPEAKERS THAT INCLUDE ELECTED OFFICIALS, REPRESENTATIVES OF OTHER CHAMBERS OF COMMERCE AND A REPORT OF THE STATUS OF THE ORGANIZATION FROM THE PRESIDENT OF THE INDEPENDENCE BUSINESS ALLIANCE.
- MONTHLY NETWORKING EVENTS THAT ARE CO-SPONSORED BY ANOTHER ORGANIZATION GIVE OUR MEMBERS AN OPPORTUNITY TO NETWORK WITH OTHER BUSINESS OWNERS, SELF EMPLOYED AND OTHER PROFESSIONAL INDIVIDUALS.
- OTHER PROGRAMS AND CONFERENCES ARE HOSTED TO PROVIDE BUSINESS OWNERS WITH INFORMATION SUCH AS OBTAINING LOANS, WRITING AND IMPLEMENTING A BUSINESS PLAN, MARKETING STRATEGIES, TAX REGULATIONS, USING TECHNOLOGY AND OTHER TOPICS OF INTEREST TO BUSINESS OWNERS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-8060756
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2007
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $494,266
- Income (IRS master file)
- $451,472
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $451,472 | $379,479 | $494,266 | IRS |
| 990 | June 2023 | $321,169 | $248,962 | $427,838 | XML |
| 990 | June 2022 | $323,936 | $204,577 | $355,631 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-8060756).
Questions about INDEPENDENCE BUSINESS ALLIANCE
- What is the EIN of INDEPENDENCE BUSINESS ALLIANCE?
- The employer identification number (EIN) of INDEPENDENCE BUSINESS ALLIANCE is 20-8060756.
- Is INDEPENDENCE BUSINESS ALLIANCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2007.
- Are donations to INDEPENDENCE BUSINESS ALLIANCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INDEPENDENCE BUSINESS ALLIANCE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INDEPENDENCE BUSINESS ALLIANCE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDEPENDENCE BUSINESS ALLIANCE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of INDEPENDENCE BUSINESS ALLIANCE?
- The 990 for the year ended June 30, 2024 names SIOBHAN NEITZEL.
- Who are the officers and directors of INDEPENDENCE BUSINESS ALLIANCE?
- The 990 for the year ended June 30, 2024 lists 24 people; 1 received compensation from the organization, the highest $112,000 (ZACHARY WILCHA, CEO).
- How much revenue does INDEPENDENCE BUSINESS ALLIANCE have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $451,472, expenses of $379,479 and total assets of $494,266 at year end.
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