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Nonprofit · EIN 23-2802171

THE DELAWARE VALLEY LEGACY FUND

Tax-exempt · PHILADELPHIA, PA 19103

Financials

$77K$134K2023$66K$113K2024
Revenue Expenses · by fiscal year end
Financials of THE DELAWARE VALLEY LEGACY FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$66,368$112,910-$46,542$1,121,998$7,695$1,114,303
December 31, 2023990$76,959$134,438-$57,479$1,041,190$622$1,040,568
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$79,632
Program service revenue
$0
Investment income
$0
Net income from fundraising events
-$13,264
Other revenue
-$13,264

Expenses

Grants and similar amounts paid
$61,914
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$7,780
Program services (functional)
$82,488
Management and general (functional)
$17,149
Fundraising (functional)
$13,273

Balance sheet and other

Total assets, start of year
$1,041,190
Total assets, end of year
$1,121,998
Total liabilities, end of year
$7,695
Net assets, end of year
$1,114,303
Net assets without donor restrictions
$13,639
Net assets with donor restrictions
$1,100,664
Gross receipts
$123,296
Employees
0
Volunteers
100
Year formed
1993
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, 2024, highest compensation first.

NameTitleHours / weekCompensation
MICHAEL GROSBERGPRESIDENT
Trustee or director, Officer
2$0
KARL MICHELFELDERVICE PRESIDE
Trustee or director, Officer
2$0
WILLIAM LEFFLERTREASURER
Trustee or director, Officer
2$0
CLAY PAYNEGOVERNANCE C
Trustee or director, Officer
2$0
CHASE WRIGHTSECRETARY
Trustee or director, Officer
2$0
GLORIA MELUNISBOARD MEMBER
Trustee or director
1$0
MICHAEL KINGBOARD MEMBER
Trustee or director
1$0
CHRISTOPHER BARRETT POLITANBOARD MEMBER
Trustee or director
1$0
JAMES WRIGHTBOARD MEMBER
Trustee or director
1$0
JAMES C YOUNGBOARD MEMBER
Trustee or director
1$0
JAKE MARONEYBOARD MEMBER
Trustee or director
1$0
KEISHA PRICEBOARD MEMBER
Trustee or director
1$0
LAURA RYANBOARD MEMBER
Trustee or director
1$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensation
MICHAEL GROSBERGPRESIDENT
Trustee or director, Officer
2$0
KARL MICHELFELDERVICE PRESIDE
Trustee or director, Officer
2$0
WILLIAM LEFFLERTREASURER
Trustee or director, Officer
2$0
CHASE WRIGHTSECRETARY
Trustee or director, Officer
2$0
GLORIA MELUNISBOARD MEMBER
Trustee or director
1$0
SAPPHO FULTONBOARD MEMBER
Trustee or director
1$0
CHRISTOPHER BARRETT POLITANBOARD MEMBER
Trustee or director
1$0
JAMES WRIGHTBOARD MEMBER
Trustee or director
1$0
JAMES C YOUNGBOARD MEMBER
Trustee or director
1$0
JAKE MARONEYBOARD MEMBER
Trustee or director
1$0
KEISHA PRICEBOARD MEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
1835 MARKET ST STE 2410, PHILADELPHIA, PA 19103-2909
In care of
% THE PHILADELPHIA FOUNDATION
Principal officer (990 for 2024)
MICHAEL GROSBERG, 1835 MARKET STREET SUITE 2410, PHILADELPHIA, PA 19103
Signed the 990
WILLIAM LEFFLER, TREASURER
Phone
(215) 563-6417
Return prepared by
O'HARA WARD & ASSOCIATES

Mission

DVLF HAS BEEN SERVING THE EMERGING NEEDS OF THE LGBTQ COMMUNITY FOR 32 YEARS. THE ORGANIZATION WAS CREATED TO BENEFIT THE PHILADELPHIA REGION'S LGBTQ COMMUNITY BY RAISING MONEY FOR A PERMANENT ENDOWMENT. DVLF FOSTERS POSITIVE CHANGE EVERY YEAR THROUGH ADVOCACY, GRANTMAKING, SCHOLARSHIPS, PROGRAMMING AND EDUCATION. THIS YEAR, DVLF'S SIGNIFICANTLY INCREASED ITS GRANTMAKING TO INCLUDE EVEN MORE GRANTS AND SCHOLARSHIPS. EACH YEAR, DVLF EMPOWERS AND ENHANCES THE LIVES OF THE LGBTQ COMMUNITY BY INVESTING IN COMMUNITY WORK. IT'S CRITICAL MISSION PROVIDES SERVICES TO PROGRAMS SERVING THE LGBTQ COMMUNITY.

990 for the year ended December 31, 2024

Program accomplishments

  • DVLF HAS BEEN SERVING THE EMERGING NEEDS OF THE LGBT COMMUNITY FOR 32 YEARS. THE ORGANIZATION WAS CREATED TO BENEFIT THE PHILADELPHIA REGION'S LGBTQ COMMUNITY BY RAISING MONEY FOR A PERMANENT ENDOWMENT. DVLF FOSTERS POSITIVE CHANGE EVERY YEAR THROUGH ADVOCACY, GRANTMAKING, SCHOLARSHIPS, PROGRAMMING AND EDUCATION. THIS YEAR, DVLF'S SIGNIFICANTLY INCREASED ITS GRANTMAKING TO INCLUDE EVEN MORE GRANTS AND SCHOLARSHIPS. EACH YEAR, DVLF EMPOWERS AND ENHANCES THE LIVES OF THE LGBTQ COMMUNITY BY INVESTING IN COMMUNITY WORK. IT'S CRITICAL MISSION PROVIDES SERVICES TO PROGRAMS SERVING THE LGBTQ COMMUNITY.
    Expenses $82,488 · grants $61,914

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-2802171
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
1995
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,121,998
Income (IRS master file)
$123,296

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$66,368$112,910$1,121,998IRS
990December 2023$76,959$134,438$1,041,190XML
990December 2022$138,658$156,044$1,028,924IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 23-2802171).

Questions about THE DELAWARE VALLEY LEGACY FUND

What is the EIN of THE DELAWARE VALLEY LEGACY FUND?
The employer identification number (EIN) of THE DELAWARE VALLEY LEGACY FUND is 23-2802171.
Is THE DELAWARE VALLEY LEGACY FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
Are donations to THE DELAWARE VALLEY LEGACY FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE DELAWARE VALLEY LEGACY FUND 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 DELAWARE VALLEY LEGACY FUND due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE DELAWARE VALLEY LEGACY FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of THE DELAWARE VALLEY LEGACY FUND?
The 990 for the year ended December 31, 2024 names MICHAEL GROSBERG.
Who are the officers and directors of THE DELAWARE VALLEY LEGACY FUND?
The 990 for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
How much revenue does THE DELAWARE VALLEY LEGACY FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $66,368, expenses of $112,910 and total assets of $1,121,998 at year end.

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