Philadelphia Bail Fund
- Assets
- $4.1m
- Revenue
- $743.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Philadelphia, PA
- Founding
- 02/2018
- Data as of
- 12/2022
- EIN
- 82-1360589
Organization Overview
Philadelphia Bail Fund is located in Philadelphia, PA. The organization was established in 2018. According to its NTEE Classification (I40) the organization is classified as: Rehabilitation Services for Offenders, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2022, Philadelphia Bail Fund employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philadelphia Bail Fund 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 12/2022, Philadelphia Bail Fund generated $743.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 56.3% each year . All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PHILADELPHIA BAIL FUND PROVIDES BAIL ASSISTANCE TO PHILADELPHIANS WHO ARE UNABLE TO PAY FOR THEIR FREEDOM, OFFERS POST-RELEASE SUPPORTS, AND ADVOCATES TO END WEALTH BASED DETENTION IN PHILADELPHIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PHILADELPHIA BAIL FUND OPERATES A REVOLVING BAIL FUND THAT PROVIDES BAIL ASSISTANCE TO PHILADELPHIANS WHO ARE UNABLE TO PAY FOR THEIR FREEDOM WITHIN THREE DAYS AFTER ARREST. THE PHILADELPHIA BAIL FUND ALSO WORKS WITH SOCIAL SERVICE PROVIDERS TO CONNECT INTERESTED CLIENTS IN NEED WITH RESOURCES IN THE AREAS OF EMPLOYMENT, TREATMENT, AND HOUSING AND ASSISTS CLIENTS WITH TRANSPORTATION TO AND FROM COURT. THE PHILADELPHIA BAIL FUND ALSO WORKS WITH ALLIES AND THE COMMUNITY TO ADVOCATE FOR AN END TO CASH BAIL IN PHILADELPHIA THROUGH ORGANIZING, RESEARCH, AND PUBLIC EDUCATION. THE PHILADELPHIA BAIL FUND IS A REVOLVING BAIL FUND AND THUS BAIL PROGRAM EXPENSES ONLY INCLUDE UNRECOVERABLE BAIL COST AND ADMINISTRATIVE BAIL FEES ASSOCIATED WITH THE FUND. THE PHILADELPHIA BAIL FUND RECEIVED AN UNPRECENTED AMOUNT OF INDIVIDUAL DONATIONS IN 2020 IN THE WAKE OF THE DEATH OF GEORGE FLOYD AND THE ENSUING PROTEST NATIONWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Matthias Board President | OfficerTrustee | 5 | $0 |
Arjun Malik Board Treasurer | OfficerTrustee | 5 | $0 |
Zoe Goldberg Board Secretary | OfficerTrustee | 5 | $0 |
Cal Barnett Mayotte Board Member | Trustee | 2 | $0 |
John Pace Board Member | Trustee | 2 | $0 |
Maia Jachimowicz Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $711,529 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $711,529 |
| Total Program Service Revenue | $0 |
| Investment income | $31,880 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $743,409 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $42,533 |
| Compensation of current officers, directors, key employees. | $6,380 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $307,080 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,635 |
| Payroll taxes | $16,053 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,725 |
| Fees for services: Accounting | $43,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,554 |
| Advertising and promotion | $18,755 |
| Office expenses | $20,725 |
| Information technology | $12,450 |
| Royalties | $0 |
| Occupancy | $37,232 |
| Travel | $1,233 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,725 |
| Insurance | $11,661 |
| All other expenses | $309,342 |
| Total functional expenses | $1,023,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,632,578 |
| Savings and temporary cash investments | $5,170 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,469 |
| Net Land, buildings, and equipment | $16,966 |
| Investments—publicly traded securities | $846,466 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,583,316 |
| Total assets | $4,145,965 |
| Accounts payable and accrued expenses | $2,800 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,800 |
| Net assets without donor restrictions | $3,903,653 |
| Net assets with donor restrictions | $239,512 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,145,965 |