Nonprofit · EIN 23-2855262
VESTEDIN
Tax-exempt · PHILADELPHIA, PA 19104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,262,353 | $2,127,158 | -$864,805 | $6,132,490 | $1,146,780 | $4,985,710 |
| June 30, 2024 | 990 | $1,428,855 | $2,619,074 | -$1,190,219 | $6,877,654 | $1,027,139 | $5,850,515 |
| June 30, 2023 | 990 | $1,888,461 | $2,031,552 | -$143,091 | $8,094,075 | $1,053,341 | $7,040,734 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,012,034
- of which government grants
- $230,447
- Program service revenue
- $236,095
- Investment income
- $3,392
- Net income from fundraising events
- $10,832
- Other revenue
- $10,832
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $139,777
- Other salaries and wages
- $558,695
- Salaries, compensation and benefits (total)
- $863,934
- Professional fundraising fees
- $0
- Legal fees
- $28,038
- Accounting fees
- $106,397
- Occupancy
- $88,620
- Travel
- $21,663
- Depreciation
- $4,901
- Program services (functional)
- $1,795,957
- Management and general (functional)
- $307,328
- Fundraising (functional)
- $23,873
Balance sheet and other
- Total assets, start of year
- $6,877,654
- Total assets, end of year
- $6,132,490
- Total liabilities, end of year
- $1,146,780
- Net assets, end of year
- $4,985,710
- Land, buildings and equipment
- $108,277
- Net assets without donor restrictions
- $4,234,109
- Net assets with donor restrictions
- $751,601
- Gross receipts
- $1,304,864
- Employees
- 15
- Volunteers
- 195
- 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 |
|---|---|---|---|---|
| JAMES R BURNETT | EXECUTIVE DIRECTOR Officer | 40 | $128,728 | $38,254 |
| ISMAIL SHAHID | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ROBYN CHIN | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| NAJA MUHAMMAD | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MALCOLM YATES | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KIMBERLY REED | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANDRE ANDREWS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| VANESSA WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DARRYL RIDGEWAY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ALAN WILSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CIERRAH WEST-WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JACQUELINE LOPEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES R BURNETT | EXECUTIVE DIRECTOR Officer | 40 | $117,511 | $34,261 |
| ISMAIL SHAHID | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ROBYN CHIN | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| NAJA MUHAMMAD | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MALCOLM YATES | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KIMBERLY REED | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANDRE ANDREWS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| VANESSA WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DARRYL RIDGEWAY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ALAN WILSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CIERRAH WEST-WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JACQUELINE LOPEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES R BURNETT | EXECUTIVE DIRECTOR Officer, Highest-paid employee | 40 | $103,102 | $26,850 |
| ISMAIL SHAHID | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ROBYN CHIN | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| NAJA MUHAMMAD | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MALCOLM YATES | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KIMBERLY REED | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANDRE ANDREWS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| VANESSA WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DARRYL RIDGEWAY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ALAN WILSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CIERRAH WEST-WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JACQUELINE LOPEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3675 MARKET STREET, PHILADELPHIA, PA 19104-2897
- In care of
- % CRYSTAL RANDALL
- Principal officer (990 for 2024)
- JAMES BURNETT, 3675 MARKET STREET SUITE 200, PHILADELPHIA, PA 19104
- Signed the 990
- JAMES R BURNETT, EXECUTIVE DIRECTOR
- Phone
- (215) 452-0100
- Return prepared by
- RUOTOLO SPEWAK & CO
Mission
VESTEDINS MISSION IS TO FACILITATE ECONOMIC EMPOWERMENT TO SMALL BUSINESSES & THE COMMUNITY AND INCREASED EMPLOYMENT OPPORTUNITIES IN THE PHILADELPHIA AREA.
Program accomplishments
- PROVIDES ECONOMIC EMPOWERMENT TO SMALL BUSINESSES & THE COMMUNITY AND INCREASED EMPLOYMENT OPPORTUNITIES IN THE PHILADELPHIA AREA. PROVIDES CAPITAL, TECHNICAL ASSISTANCE AND FINANCIAL SERVICES AS AN INNOVATIVE RESPONSE TO A LOW-INCOME COMMUNITY HISTORICALLY UNDER SERVED BY TRADITIONAL FINANCIAL INSTITUTIONS. VESTEDIN ALSO OPERATES A PROGRAM FOR HIGH SCHOOL STUDENTS TO PROVIDE INSIGHT INTO FINANCIAL EDUCATION, COLLEGE PLANNING AND CAREER PLANNING.Expenses $1,795,957 · grants $365,073 · revenue $236,095
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
- 23-2855262
- 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
- 1999
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L80)
- Assets (IRS master file)
- $6,132,490
- Income (IRS master file)
- $1,304,864
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,262,353 | $2,127,158 | $6,132,490 | XML |
| 990 | June 2024 | $1,428,855 | $2,619,074 | $6,877,654 | XML |
| 990 | June 2023 | $1,888,461 | $2,031,552 | $8,094,075 | XML |
| 990 | June 2022 | $1,842,886 | $1,579,248 | $7,760,084 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 23-2855262).
Questions about VESTEDIN
- What is the EIN of VESTEDIN?
- The employer identification number (EIN) of VESTEDIN is 23-2855262.
- Is VESTEDIN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to VESTEDIN tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VESTEDIN 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 VESTEDIN 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 VESTEDIN 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 VESTEDIN?
- The 990 for the year ended June 30, 2025 names JAMES BURNETT.
- Who are the officers and directors of VESTEDIN?
- The 990 for the year ended June 30, 2025 lists 12 people; 1 received compensation from the organization, the highest $128,728 (JAMES R BURNETT, EXECUTIVE DIRECTOR).
- How much revenue does VESTEDIN have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,262,353, expenses of $2,127,158 and total assets of $6,132,490 at year end.
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