Nonprofit · EIN 81-3170678
PHILADELPHIA FUND ALLIANCE
Tax-exempt (reinstated) · PHILADELPHIA, PA 19103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $127,672 | $101,159 | $26,513 | $34,178 | $0 | $34,178 |
| June 30, 2023 | 990 (amended) | $151,599 | $196,357 | -$44,758 | $40,972 | $0 | $40,972 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $199,041
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- -$71,369
- Other revenue
- -$71,369
Expenses
- Grants and similar amounts paid
- $100,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $100,000
- Management and general (functional)
- $1,159
Balance sheet and other
- Total assets, start of year
- $7,665
- Total assets, end of year
- $34,178
- Total liabilities, end of year
- $0
- Net assets, end of year
- $34,178
- Net assets without donor restrictions
- $34,178
- Gross receipts
- $199,041
- Employees
- 0
- Volunteers
- 25
- Year formed
- 2016
- 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 |
|---|---|---|---|
| BRUCE LETO | FOUNDER Trustee or director, Officer | 1 | $0 |
| MATTHEW DICLEMENTE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MICHAEL E DESNIN | SECRETARY Trustee or director, Officer | 1 | $0 |
| JOHN V BRAUN JR | VICE-CHAIR Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATTHEW R DICLEMENTE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MICHAEL E DRESNIN | SECRETARY Trustee or director, Officer | 1 | $0 |
| JOHN V BRAUN JR | Board Officer Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2005 MARKET ST STE 2600, PHILADELPHIA, PA 19103-7018
- In care of
- % THE ORGANIZATION
- Principal officer (990 for 2024)
- BRUCE LETO, 2005 Market Street Suite 2600, Philadelphia, PA 19103
- Signed the 990
- BRUCE LETO, FOUNDER
- Phone
- (215) 564-8686
- Return prepared by
- WITHUMSMITHBROWN PC
Mission
THE PHILADELPHIA FUND ALLIANCE IS A GROUP OF PHILADELPHIA-BASED ASSET MANAGEMENT INDUSTRY PROFESSIONALS FORMED TO HOLD AN ANNUAL FUNDRAISER TO BENEFIT ONE OR MORE CHARITIES IN THE GREATER PHILADELPHIA AREA. OUR MOTTO AND MISSION IS "MAKING A DIFFERENCE" - AND OUR SUPPORT OF VARIOUS CHARITIES TO RAISE SUPPORT AND AWARENESS IS HOW WE HAVE BEEN MAKING A DIFFERENCE FOR OVER A DECADE. OUR SUPPORT HAS HELPED CHARITIES THAT IMPACT THE COMMUNITY, CREATE OPPORTUNITIES FOR THOSE WITH VARIOUS NEEDS, PROVIDE HEALTHCARE AND LIFE-SAVING MEDICAL RESEARCH, ENVIRONMENTAL IMPACT AND PRESERVATION AND MUCH MORE!
Program accomplishments
- THE ORGANIZATION DOES NOT HAVE ANY PROGRAMS. IT SOLELY PREPARES FOR AND HOLDS AN ANNUAL FUNDRAISER TO BENEFIT ONE OR MORE CHARITIES IN THE GREATER PHILADELPHIA AREA. THEN IT DISTRIBUTES THE FUNDS TO SUCH CHARITIES.Expenses $100,000 · grants $100,000
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 | Check at the IRS |
IRS record
- EIN
- 81-3170678
- 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
- 2024
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $34,178
- Income (IRS master file)
- $199,041
Revocation and reinstatement
- Exemption revoked
- November 15, 2021
- Posted by the IRS
- March 14, 2022
- Reinstated
- Effective November 15, 2021
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $127,672 | $101,159 | $34,178 | IRS |
| 990 | June 2023 | $151,599 | $196,357 | $40,972 | XML |
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 81-3170678).
Questions about PHILADELPHIA FUND ALLIANCE
- What is the EIN of PHILADELPHIA FUND ALLIANCE?
- The employer identification number (EIN) of PHILADELPHIA FUND ALLIANCE is 81-3170678.
- Is PHILADELPHIA FUND ALLIANCE tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2021 and reinstated it effective November 15, 2021.
- Are donations to PHILADELPHIA FUND ALLIANCE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PHILADELPHIA FUND 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 PHILADELPHIA FUND 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 PHILADELPHIA FUND ALLIANCE 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 PHILADELPHIA FUND ALLIANCE?
- The 990 for the year ended June 30, 2025 names BRUCE LETO.
- Who are the officers and directors of PHILADELPHIA FUND ALLIANCE?
- The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does PHILADELPHIA FUND ALLIANCE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $127,672, expenses of $101,159 and total assets of $34,178 at year end.
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