North 10 Philadelphia
- Assets
- $18.4m
- Revenue
- $2.9m
- Investments
- $5.4m
- Employees
- 34
- Location
- Wayne, PA
- Founding
- 11/2019
- Data as of
- 06/2023
- EIN
- 20-5105110
Organization Overview
North 10 Philadelphia, operating under the name The Lenfest Center, is located in Wayne, PA. The organization was established in 2019. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 06/2023, Lenfest Center employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lenfest Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Lenfest Center generated $2.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.1%) each year. All expenses for the organization totaled $4.3m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
NORTH10, PHILADELPHIA IS COMMITTED TO IMPROVING LIFE OUTCOMES FOR THE COMMUNITY MEMBERS OF HUNTING PARK AND EAST TIOGA NEIGHBORHOODS THROUGH ITS FOUR PILLARS OF EDUCATION, ECONOMIC DEVELOPMENT, HOUSING, AND WELLNESS. 3890 NORTH 10TH STREET, L.L.C. WAS INCORPORATED ON JULY 29, 2005, FOR THE PURPOSE OF TRANSFORMING AN ABANDONED SEPTA REPAIR STATION AT 3890 NORTH 10TH STREET INTO A MODEL COMMUNITY GATHERING SPACE, CONSTRUCTING THE LENFEST CENTER (THE "CENTER"). LOCATED IN THE HUNTING PARK SECTION OF NORTH PHILADELPHIA THE 52,000 SQUARE-FOOT LENFEST CENTER WAS DESIGNED AS A SAFE AND WELCOMING COMMUNITY- FOCUSED HUB OFFERING YEAR-ROUND RECREATIONAL, EDUCATIONAL, AND OTHER RESOURCES FOR NEIGHBORHOOD CHILDREN AND ADULTS TO LEAD HEALTHY AND FULFILLING LIVES. ON DECEMBER 21, 2014, 3890 NORTH 10TH STREET, L.L.C. WAS CONVERTED FROM A PENNSYLVANIA LIMITED LIABILITY COMPANY TO A DELAWARE NON- PROFIT CORPORATION AND ITS NAME WAS CHANGED TO 3890 NORTH 10TH STREET, INC. IT WAS THEN DOMESTICATED AS A P
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H Chase Lenfest President | 1 | $0 | |
Ingrid Boucher Board Member | 1 | $0 | |
John Henry Board Member | 1 | $0 | |
Thomas Pasch Board Member | 1 | $0 | |
Leah Stauffer Board Member | 1 | $0 | |
John Tupponce Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,700,395 |
| Interest on Savings | $53,442 |
| Dividends & Interest | $81,125 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$16,501 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $60,092 |
| Total Revenue | $2,878,553 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $334,681 |
| Other employee salaries and wages | $1,037,861 |
| Pension plans, employee benefits | $316,773 |
| Interest | $3,814 |
| Taxes | $1,991 |
| Depreciation | $469,232 |
| Occupancy | $215,213 |
| Travel, conferences, and meetings | $20,804 |
| Printing and publications | $0 |
| Other expenses | $1,061,723 |
| Total operating and administrative expenses | $4,001,388 |
| Contributions, gifts, grants paid | $250,127 |
| Total expenses and disbursements | $4,251,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,862 |
| Savings and temporary cash investments | $1,394,156 |
| Net Accounts receivable | $6,893 |
| Net Pledges Receivable | $441,219 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,487 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,946,907 |
| Net Land, buildings, and equipment | $10,865,891 |
| Other assets | $282,442 |
| Total assets | $18,385,088 |
| Accounts payable and accrued expenses | $396,271 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $308,247 |
| Total liabilities | $704,518 |