Nonprofit · EIN 90-0502551
LANCASTER AVENUE 21ST CENTURY BUSINESS ASSOCIATION
Also known as LANC21
Tax-exempt (reinstated) · PHILADELPHIA, PA 19104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,718,956 | $1,810,013 | -$91,057 | $278,121 | $260,028 | $18,093 |
| December 31, 2023 | 990 | $935,900 | $928,975 | $6,925 | $257,617 | $148,467 | $109,150 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,718,956
- of which government grants
- $1,320,534
- Membership dues
- $3,200
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $240,702
- Salaries, compensation and benefits (total)
- $360,597
- Professional fundraising fees
- $0
- Occupancy
- $24,332
- Depreciation
- $6,387
- Program services (functional)
- $1,538,511
- Management and general (functional)
- $271,502
Balance sheet and other
- Total assets, start of year
- $257,617
- Total assets, end of year
- $278,121
- Total liabilities, end of year
- $260,028
- Net assets, end of year
- $18,093
- Land, buildings and equipment
- $25,888
- Net assets without donor restrictions
- $18,093
- Gross receipts
- $1,718,956
- Employees
- 3
- Year formed
- 2011
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KWAKU BOATENG | EXEC. DIRECTOR Trustee or director, Officer, Highest-paid employee | 60 | $173,500 |
| JACKIE WILLIAMS | TREASURER Trustee or director, Officer | 5 | $86,400 |
| STEPHANIE COLLINS | SECRETARY Trustee or director | 5 | $21,300 |
| PEARL BAILEY-ANDERSON | VICE PRESIDENT Trustee or director, Officer | 50 | $0 |
| BELINDA PATRICK | BOARD MEMBER Trustee or director | 5 | $0 |
| TERRI SHOCKLEY | BOARD MEMBER Trustee or director | 5 | $0 |
| CLAUDE BARNES | BOARD MEMBER Trustee or director | 5 | $0 |
| JOEL SPIVAK | BOARD MEMBER Trustee or director | 5 | $0 |
| LISA ASHTON MATTIOLI | BOARD MEMBER Trustee or director | 5 | $0 |
| BENN ROE | BOARD MEMBER Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kwaku Boateng | Executive Dir. Trustee or director, Officer | 60 | $148,143 |
| Jacqueline L Williams | Director Trustee or director, Officer | 50 | $105,960 |
| Karen Hess | Trustee Trustee or director | 5 | $14,500 |
| Stephanie Collins | Trustee Trustee or director | 5 | $5,000 |
| Peral Bailey-Anderson | Trustee Trustee or director | 5 | $0 |
| Belinda Patrick | Trustee Trustee or director | 5 | $0 |
| Terri Shockley | Trustee Trustee or director | 5 | $0 |
| Claude Barnes | Trustee Trustee or director | 5 | $0 |
| Joel Spivak | Trustee Trustee or director | 5 | $0 |
| Lisa Ashton Mattioli | Trustee Trustee or director | 0 | $0 |
| Benn Roe | Trustee Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 3500 LANCASTER AVE, PHILADELPHIA, PA 19104-4916
- Mailing address (990-N for 2018)
- 3500 Lancaster Avenue, Philadelphia PA 19104
- Principal officer (990 for 2024)
- KWAKU BOATENG, 3500 LANCASTER AVE, PHILADELPHIA, PA 19104
- Principal officer (990-N for 2018)
- George Stevens, 3500 Lancaster Avenue, Philadelphia PA 19104
- Signed the 990
- KWAKU BOATENG, EXECUTIVE DIRECTOR
- Phone
- (215) 883-0109
- Website
- www.la21philly.org
- Return prepared by
- TRIFAITH TAX SOLUTIONS INC
Mission
TO FOSTER SUCCESS BUSINESS GROWTH AND ECONOMIC BETTERMENT OF THE LANCASTER AVENUE BUSINESS CORRIDOR AND THE CITY OF PHILADELPHIA AND TO PROVIDE TRAINING AND THE ENVIRONMENT TO HELP NEW AND ESTABLISHED BUSINESSES ADDRESS THE DIFFICULTIES OF STARTING , MAINTAINING AND NAVIGATING STEPS TO SUCCESS.
Program accomplishments
- THE SCALE UP YOUR BUSINESS PROGRAM TRAINS, COACHES, AND SUPPORTS THE NEXT GENERATION OF SUSTAINABLE, SCALABLE, AND REPLICABLE BUSINESSES.Expenses $452,507
- LANCASTERAVENUE SUPPORTS BUSINESSES BY PROVIDING TECHNICAL ASSISTANCE FOR ALMOST ALL ASPECTS OF BUSINESS CYCLE.Expenses $271,502
- RESPONSIBLE FOR CLEANING TWENTY BLOCKS OF THE LANCASTER AVENUE COMMERCIAL CORRIDOR. THIS RESPONSIBILITY IS MANAGED BY DIRECTLY ORGANIZING A CLEANING CREW AND COLLABORATING WITH BUSINESS OWNERS TO ENSURE THEY UNDERSTAND THEIR RESPONSIBILITIES.Expenses $814,502
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 | Not 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
- 90-0502551
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $278,121
- Income (IRS master file)
- $1,718,956
Revocation and reinstatement
- Exemption revoked
- May 15, 2012
- Posted by the IRS
- March 11, 2013
- Reinstated
- Effective January 15, 2015
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 | December 2024 | $1,718,956 | $1,810,013 | $278,121 | IRS |
| 990 | December 2023 | $935,900 | $928,975 | $257,617 | XML |
| 990 | December 2022 | $673,342 | $597,903 | $117,142 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2018 Officer: George Stevens | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
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 90-0502551).
Questions about LANCASTER AVENUE 21ST CENTURY BUSINESS ASSOCIATION
- What is the EIN of LANCASTER AVENUE 21ST CENTURY BUSINESS ASSOCIATION?
- The employer identification number (EIN) of LANCASTER AVENUE 21ST CENTURY BUSINESS ASSOCIATION is 90-0502551.
- Is LANCASTER AVENUE 21ST CENTURY BUSINESS ASSOCIATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2012 and reinstated it effective January 15, 2015.
- Are donations to LANCASTER AVENUE 21ST CENTURY BUSINESS ASSOCIATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LANCASTER AVENUE 21ST CENTURY BUSINESS ASSOCIATION 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 LANCASTER AVENUE 21ST CENTURY BUSINESS ASSOCIATION 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 LANCASTER AVENUE 21ST CENTURY BUSINESS ASSOCIATION 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 LANCASTER AVENUE 21ST CENTURY BUSINESS ASSOCIATION?
- The 990 for the year ended December 31, 2024 names KWAKU BOATENG.
- Who are the officers and directors of LANCASTER AVENUE 21ST CENTURY BUSINESS ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 3 received compensation from the organization, the highest $173,500 (KWAKU BOATENG, EXEC. DIRECTOR).
- How much revenue does LANCASTER AVENUE 21ST CENTURY BUSINESS ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,718,956, expenses of $1,810,013 and total assets of $278,121 at year end.
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