Nonprofit · EIN 23-1584975
THE MERCHANTS FUND OF PHILADELPHIA
Tax-exempt · PHILADELPHIA, PA 19103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,185,121 | $2,290,619 | -$105,498 | $19,969,980 | $249,749 | $19,720,231 |
| December 31, 2024 | 990 | $1,845,017 | $1,145,083 | $699,934 | $18,150,318 | $157,283 | $17,993,035 |
| December 31, 2023 | 990 | $1,632,137 | $1,771,946 | -$139,809 | $16,227,053 | $894 | $16,226,159 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,673,875
- of which government grants
- $1,556,389
- Program service revenue
- $0
- Investment income
- $511,246
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,580,824
- Compensation of officers, directors and key employees
- $199,005
- Other salaries and wages
- $136,154
- Salaries, compensation and benefits (total)
- $371,587
- Professional fundraising fees
- $50,500
- Legal fees
- $1,312
- Accounting fees
- $20,355
- Occupancy
- $25,591
- Travel
- $10,997
- Program services (functional)
- $1,949,384
- Management and general (functional)
- $199,367
- Fundraising (functional)
- $141,868
Balance sheet and other
- Total assets, start of year
- $18,150,318
- Total assets, end of year
- $19,969,980
- Total liabilities, end of year
- $249,749
- Net assets, end of year
- $19,720,231
- Publicly traded securities
- $9,824,577
- Net assets without donor restrictions
- $10,427,581
- Net assets with donor restrictions
- $9,292,650
- Gross receipts
- $2,185,121
- Employees
- 6
- Volunteers
- 21
- Year formed
- 1854
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JILL FINK | EXECUTIVE DIRECTOR Officer | 40 | $179,432 | $19,573 |
| KERSEY AZOCAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TOM GINSBERG | Board Vice President Trustee or director, Officer | 1 | $0 | $0 |
| PETER GONZALES | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BRUCE HOTALING | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES JOHNSON-PIETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| VANESSA LOWE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SEULKY MCINNESHIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CAREY MORGAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| SHAWN NESBIT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SAMANTHA PORTER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ELBERT SAMPSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHALIMAR THOMAS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOANNA WINCHESTER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANA LISA YODER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ADNAN ZULFIQAR | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JILL FINK | EXECUTIVE DIRECTOR Officer | 40 | $172,634 | $15,678 |
| KERSEY AZOCAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TOM GINSBERG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PETER GONZALES | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| BRUCE HOTALING | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES JOHNSON-PIETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| VANESSA LOWE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SEULKY MCINNESHIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CAREY MORGAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| SHAWN NESBIT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SAMANTHA PORTER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ELBERT SAMPSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHALIMAR THOMAS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOANNA WINCHESTER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANA LISA YODER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ADNAN ZULFIQAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JILL FINK | EXECUTIVE DIRECTOR Officer | 40 | $147,356 | $17,186 |
| PETER GONZALES | BOARD PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ANA LISA YODER | BOARD VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| CAREY MORGAN | BOARD TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| SAMANTHA PORTER | BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KERSY AZOCAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TOM GINSBERG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRUCE HOTALING | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES JOHNSON-PIETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MELISSA KIM | BOARD MEMBER (UNTIL 9/23) Trustee or director | 1 | $0 | $0 |
| STEVEN KING | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SEULKY MCINNESHIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHAWN NESBIT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ELBERT SAMPSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHALIMER THOMAS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOANNA WINCHESTER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAFAN ZHANG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ADNAN ZULFIQAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1617 JFK BLVD SUITE 2042, PHILADELPHIA, PA 19103-1821
- In care of
- % JILL FINK
- Principal officer (990 for 2025)
- JILL FINK, 1617 JFK Blvd2042, Philadelphia, PA 191031833
- Signed the 990
- JILL FINK, EXECUTIVE DIRECTOR
- Phone
- (215) 399-1339
- Website
- www.merchantsfund.org
- Return prepared by
- WITHUMSMITHBROWN PC
Mission
THE MERCHANTS FUND PROVIDES GRANTS AND OTHER SUPPORT TO MERCHANTS AND SMALL BUSINESSES IN PHILADELPHIA.
Program accomplishments
- 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.Expenses $1,949,384 · grants $1,580,824
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-1584975
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T50)
- Assets (IRS master file)
- $19,969,980
- Income (IRS master file)
- $2,185,121
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,185,121 | $2,290,619 | $19,969,980 | XML |
| 990 | December 2024 | $1,845,017 | $1,145,083 | $18,150,318 | XML |
| 990 | December 2023 | $1,632,137 | $1,771,946 | $16,227,053 | XML |
| 990 | December 2022 | $540,760 | $1,100,033 | $14,303,804 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 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 23-1584975).
Questions about THE MERCHANTS FUND OF PHILADELPHIA
- What is the EIN of THE MERCHANTS FUND OF PHILADELPHIA?
- The employer identification number (EIN) of THE MERCHANTS FUND OF PHILADELPHIA is 23-1584975.
- Is THE MERCHANTS FUND OF PHILADELPHIA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to THE MERCHANTS FUND OF PHILADELPHIA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE MERCHANTS FUND OF PHILADELPHIA 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 THE MERCHANTS FUND OF PHILADELPHIA due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE MERCHANTS FUND OF PHILADELPHIA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of THE MERCHANTS FUND OF PHILADELPHIA?
- The 990 for the year ended December 31, 2025 names JILL FINK.
- Who are the officers and directors of THE MERCHANTS FUND OF PHILADELPHIA?
- The 990 for the year ended December 31, 2025 lists 16 people; 1 received compensation from the organization, the highest $179,432 (JILL FINK, EXECUTIVE DIRECTOR).
- How much revenue does THE MERCHANTS FUND OF PHILADELPHIA have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,185,121, expenses of $2,290,619 and total assets of $19,969,980 at year end.
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