Nonprofit · EIN 23-2850840
NORTH PHILADELPHIA FINANCIAL PARTNERSHIP
Tax-exempt · PHILADELPHIA, PA 19103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,799,334 | $1,275,616 | $523,718 | $10,397,675 | $2,108,905 | $8,288,770 |
| June 30, 2024 | 990 | $1,123,180 | $944,938 | $178,242 | $8,957,235 | $1,210,132 | $7,747,103 |
| June 30, 2023 | 990 | $1,430,398 | $678,342 | $752,056 | $8,099,914 | $744,396 | $7,355,518 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,102,497
- of which government grants
- $1,102,497
- Program service revenue
- $286,852
- Investment income
- $409,985
- Net gain from sales of assets
- $176,028
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $241,493
- Other salaries and wages
- $379,196
- Salaries, compensation and benefits (total)
- $758,565
- Professional fundraising fees
- $0
- Accounting fees
- $38,920
- Occupancy
- $51,221
- Depreciation
- $4,550
- Program services (functional)
- $935,021
- Management and general (functional)
- $340,595
Balance sheet and other
- Total assets, start of year
- $8,957,235
- Total assets, end of year
- $10,397,675
- Total liabilities, end of year
- $2,108,905
- Net assets, end of year
- $8,288,770
- Land, buildings and equipment
- $13,509
- Publicly traded securities
- $5,119,710
- Net assets without donor restrictions
- $3,053,986
- Net assets with donor restrictions
- $5,234,784
- Gross receipts
- $2,821,837
- Employees
- 5
- Volunteers
- 6
- Year formed
- 1996
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LARRICO OWENS | EXECUTIVE DIRECTOR Officer | 50 | $236,589 | $4,904 |
| MILTON K LAWRENCE | SENIOR LOAN OFFICER Highest-paid employee | 40 | $126,106 | $17,430 |
| CHERYL MERRITT | SMALL BUSINESS ADVISOR Highest-paid employee | 40 | $107,853 | $20,656 |
| BEN GILBERT | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| SHIRLEY L COKER ESQ | VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| MARNICIA DEVORE | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| MARGARET A COBB | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| LISA CORBIN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| TAUSHA SAUNDERS | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LARRICO OWENS | EXECUTIVE DIRECTOR Officer | 50 | $215,696 | $2,600 |
| JAMES A WELLONS ESQ | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| SHIRLEY L COKER ESQ | VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| MARNICIA DEVORE | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| MARGARET A COBB | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| LISA CORBIN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| BEN GILBERT | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LARRICO OWENS | EXECUTIVE DIRECTOR Officer | 50 | $167,056 | $2,600 |
| JAMES A WELLONS ESQ | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| SHIRLEY L COKER ESQ | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MARNICIA DEVORE | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| MARGARET A COBB | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| LISA CORBIN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KEVIN VALENTINE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| BEN GILBERT | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| TARIK BROOKS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1760 MARKET ST STE 400, PHILADELPHIA, PA 19103-4111
- Principal officer (990 for 2024)
- LARRICO OWENS, 1760 MARKET STREET 400, PHILADELPHIA, PA 19103
- Signed the 990
- LARRICO OWENS, EXECUTIVE DIRECTOR
- Phone
- (215) 232-0516
- Website
- WWW.NPFP.ORG
- Return prepared by
- CBIZ ADVISORS LLC
Mission
TO FACILITATE ECONOMIC EMPOWERMENT AND FINANCIAL SELF-SUFFICIENCY FOR THE RESIDENTS LIVING IN DISTRESSED COMMUNITIES OF PHILADELPHIA.
Program accomplishments
- TO PROVIDE DEBT FINANCING AND BUSINESS SUPPORT SERVICES TO ENTREPRENEURS, BUSINESSES AND NON-PROFIT ORGANIZATIONS THAT ARE LOCATED OR SEEK TO LOCATE WITHIN THE THE DISTRESSED COMMUNITIES OF PHILADELPHIA.Expenses $935,021 · revenue $286,852
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 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2850840
- 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
- 1997
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S310)
- Assets (IRS master file)
- $10,397,675
- Income (IRS master file)
- $2,821,837
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,799,334 | $1,275,616 | $10,397,675 | IRS |
| 990 | June 2024 | $1,123,180 | $944,938 | $8,957,235 | XML |
| 990 | June 2023 | $1,430,398 | $678,342 | $8,099,914 | XML |
| 990 | June 2022 | $1,165,501 | $583,849 | $6,683,434 | 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 23-2850840).
Questions about NORTH PHILADELPHIA FINANCIAL PARTNERSHIP
- What is the EIN of NORTH PHILADELPHIA FINANCIAL PARTNERSHIP?
- The employer identification number (EIN) of NORTH PHILADELPHIA FINANCIAL PARTNERSHIP is 23-2850840.
- Is NORTH PHILADELPHIA FINANCIAL PARTNERSHIP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to NORTH PHILADELPHIA FINANCIAL PARTNERSHIP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NORTH PHILADELPHIA FINANCIAL PARTNERSHIP 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 NORTH PHILADELPHIA FINANCIAL PARTNERSHIP 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 NORTH PHILADELPHIA FINANCIAL PARTNERSHIP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NORTH PHILADELPHIA FINANCIAL PARTNERSHIP?
- The 990 for the year ended June 30, 2025 names LARRICO OWENS.
- Who are the officers and directors of NORTH PHILADELPHIA FINANCIAL PARTNERSHIP?
- The 990 for the year ended June 30, 2025 lists 9 people; 3 received compensation from the organization, the highest $236,589 (LARRICO OWENS, EXECUTIVE DIRECTOR).
- How much revenue does NORTH PHILADELPHIA FINANCIAL PARTNERSHIP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,799,334, expenses of $1,275,616 and total assets of $10,397,675 at year end.
Other nonprofits in PHILADELPHIA
- REINVESTMENT FUND INC EIN 23-2331946 · last filed 990 for 2024
- PHILADELPHIA INDUSTRIAL DEVELOPMENT CORP EIN 23-6050858 · last filed 990 for 2024
- PIDC COMMUNITY CAPITAL EIN 23-2889102 · last filed 990 for 2024
- PHILADELPHIA CITY FUND INC EIN 23-2174863 · last filed 990 for 2025
- GREATER PHILADELPHIA TOURISM MARKETING CORPORATION EIN 23-2847538 · last filed 990 for 2025
- PENNSYLVANIA MICROENTERPRISE COALITION EIN 23-2920364 · last filed 990 for 2025
- DELAWARE RIVER WATERFRONT CORPORATION EIN 23-1734559 · last filed 990 for 2025
- BEN FRANKLIN TECHNOLOGY CENTER OF SOUTHEASTERN PENNSYLVANIA EIN 23-2527210 · last filed 990 for 2025
All nonprofits in PHILADELPHIA · Pennsylvania · Community improvement and capacity building