The-Philadelphia Poverty Action Fund
- Assets
- $8.2m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- Data as of
- 06/2023
- EIN
- 87-2442054
Organization Overview
The-Philadelphia Poverty Action Fund is located in Philadelphia, PA. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. The-Philadelphia Poverty Action 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 06/2023, The-Philadelphia Poverty Action Fund generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (50.6%) each year. All expenses for the organization totaled $8.4m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, The-Philadelphia Poverty Action Fund has awarded 47 individual grants totaling $14,654,407. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE DIRECT PROGRAMS AND SERVICES THAT DEMONSTRABLY REDUCE POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS ARE DESIGNED TO CONNECT PEOPLE EXPERIENCING POVERTY WITH PUBLIC BENEFITS, SUBSIDIES & RESOURCES FOR WHICH THEY ARE ELIGIBLE, FOR INSTANCE, FREE TAX PREPARATION, ACCESS TO BENEFITS & WAGE SUPPORTS, & FINANCIAL & LEGAL COUNSELING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Banks Executive Director | Officer | 37.5 | $200,085 |
Dalila Wilson-Scott Board Chair | OfficerTrustee | 1 | $0 |
Douglas Oliver Vice Chair | OfficerTrustee | 1 | $0 |
Tiffany Tavarez Secretary | OfficerTrustee | 1 | $0 |
Bart Blatstein Director | Trustee | 1 | $0 |
Leslie Callahan Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Drexel University Evaluation | 6/29/23 | $408,051 |
Uwgpsnj Admin. & Prog Srvcs | 6/29/23 | $370,992 |
The Urban Institute Evaluation | 6/29/23 | $223,333 |
Brownstone Marketing | 6/29/23 | $137,300 |
Kevin Rafter Evaluation | 6/29/23 | $187,748 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $550,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $937,805 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,487,805 |
| Total Program Service Revenue | $0 |
| Investment income | $58,346 |
| 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 | $1,546,151 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,574,587 |
| 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. | $205,825 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,482 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,521,362 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,003 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,430,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,630,092 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $322,100 |
| Accounts receivable, net | $0 |
| 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 | $101,667 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $109,895 |
| Total assets | $8,163,754 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,577,087 |
| 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 | $1,577,087 |
| Net assets without donor restrictions | $526,281 |
| Net assets with donor restrictions | $6,060,386 |
| 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 | $8,163,754 |
Grants Awarded
Over the last fiscal year, The-Philadelphia Poverty Action Fund has awarded $6,574,587 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER PHILADELPHIA COMMUNITY ALLIANCE PURPOSE: General Support | $1,500,000 |
CAMPAIGN FOR WORKING FAMILIES PURPOSE: General Support | $1,200,000 |
AFRICAN CULTURAL ALLIANCE OF NORTH AMERICA PURPOSE: General Support | $1,030,000 |
LOCAL INITIATIVES SUPPORT CORPORTATION PURPOSE: General Support | $1,025,000 |
COMMUNITY LEGAL SERVICES PURPOSE: General Support | $400,000 |
BEECH COMMUNITY SERVICES PURPOSE: General Support | $300,000 |