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Philadelphia Hospitality Investment Levy

Phil

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Category: Community Improvement, Capacity Building / Promotion of Business (NTEE)

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$6.48M (2023)

Expenses
$1.19M (2023)

Total Assets
$19.2M (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2018 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,478,962
Expenses
$1,189,722
Net Income
$5,289,240
Net Assets
$19,159,245
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,893,115
91.0%
Investment Income $395,533
6.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $190,314
2.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $19,159,245
Total Liabilities $0
Net Assets $19,159,245
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Edward Grose (President & Ceo) $0 $0 $0
Leonard Buckley (Board Member) $0 $0 $0
Jim Mcswigan (Board Member) $0 $0 $0
Angela Bauer (Board Member) $0 $0 $0
Reginald Archambault (Board Member) $0 $0 $0
James Adamson (Board Member) $0 $0 $0
Jo Ann Bongart (Board Member) $0 $0 $0
Sebastien Gressier (Board Member) $0 $0 $0
Evan Evans (Board Member) $0 $0 $0
Matt Nelson (Board Member) $0 $0 $0
Darryll Adams (Board Member) $0 $0 $0
Ken Reed (Board Member) $0 $0 $0
Colin Walsh (Board Member) $0 $0 $0
Ed Baten (Board Member) $0 $0 $0
Derek Beckman (Board Member) $0 $0 $0
Ken Lanigan (Board Member) $0 $0 $0
Jim Salvo (Board Member) $0 $0 $0
Michael Ryan (Board Member) $0 $0 $0
Anne Nadol (Board Member) $0 $0 $0
Joshua Rueckheim (Finance Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,441,846
Expenses
$2,180,151
Net Income
$3,261,695
Net Assets
$12,786,846
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,014,360
92.1%
Investment Income $155,624
2.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $271,862
5.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $12,786,846
Total Liabilities $0
Net Assets $12,786,846
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Leonard Buckley (Board Member) $0 $0 $0
Jim Mc Swigan (Board Member) $0 $0 $0
Angela Bauer (Board Member) $0 $0 $0
Reginald Archambault (Board Member) $0 $0 $0
James Adamson (Board Member) $0 $0 $0
Jo Ann Bongart (Board Member) $0 $0 $0
Annette Crispin (Board Member) $0 $0 $0
Vinesha Wimberly (Board Member) $0 $0 $0
Jim Salvo (Board Member) $0 $0 $0
Colin Walsh (Board Member) $0 $0 $0
Ed Baten (Board Member) $0 $0 $0
Anne Nadol (Board Member) $0 $0 $0
Sebastien Gressier (Board Member) $0 $0 $0
Bob Cosgrove (Board Member) $0 $0 $0
Evan Evans (Board Member) $0 $0 $0
Edward Farrington (Board Member) $0 $0 $0
Matt Nelson (Board Member) $0 $0 $0
Joann Wrenn (Board Member) $0 $0 $0
Edward Grose (President) $0 $0 $0
Joshua Rueckheim (Assistant Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,390,979
Expenses
$3,694,182
Net Income
-$303,203
Net Assets
$11,013,026
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,897,376
85.4%
Investment Income $142,195
4.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $351,408
10.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $11,013,026
Total Liabilities $0
Net Assets $11,013,026
Compensation
Key Employees and Officers Compensation Related Other
Leonard Buckley (Board Member) $0 $0 $0
Jim Mcswigan (Board Member) $0 $0 $0
Angela Bauer (Board Member) $0 $0 $0
Reginald Archambault (Board Member) $0 $0 $0
James Adamson (Board Member) $0 $0 $0
Annette Crispin (Board Member) $0 $0 $0
Jim Salvo (Board Member) $0 $0 $0
Vinesha Wimberly (Board Member) $0 $0 $0
Mary Culbert (Board Member) $0 $0 $0
Nour Laasri (Board Member) $0 $0 $0
Hans Ritten (Board Member) $0 $0 $0
Ed Baten (Board Member) $0 $0 $0
Colin Walsh (Board Member) $0 $0 $0
Jo Ann Bongart (Treasurer) $0 $0 $0
Edward Grose (President) $0 $0 $0
Joshua Rueckheim (Assistant Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,318,815
Expenses
$1,028,786
Net Income
$1,290,029
Net Assets
$10,804,169
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,940,922
83.7%
Investment Income $170,478
7.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $206,415
8.9%
Net Inventory Sales $0
Other Revenue $1,000
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,804,169
Total Liabilities $0
Net Assets $10,804,169
Compensation
Key Employees and Officers Compensation Related Other
Leonard Buckley (Board Member) $0 $0 $0
Jim Mcswigan (Board Member) $0 $0 $0
Angela Bauer (Board Member) $0 $0 $0
Reginald Archambault (Board Member) $0 $0 $0
James Adamson (Board Member) $0 $0 $0
Sean Mchugh (Board Member) $0 $0 $0
Jim Salvo (Board Member) $0 $0 $0
Addy Maini (Board Member) $0 $0 $0
Rick Staub (Board Member) $0 $0 $0
Nour Laasri (Board Member) $0 $0 $0
Michael Rashid (Board Member) $0 $0 $0
Ed Baten (Board Member) $0 $0 $0
Jo Ann Bongart (Treasurer) $0 $0 $0
Edward Grose (President) $0 $0 $0
Joshua Rueckheim (Assistant Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,074,016
Expenses
$1,719,372
Net Income
$4,354,644
Net Assets
$8,949,518
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,849,060
96.3%
Investment Income $121,454
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $103,402
1.7%
Net Inventory Sales $0
Other Revenue $100
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $8,949,518
Total Liabilities $0
Net Assets $8,949,518
Compensation
Key Employees and Officers Compensation Related Other
Leonard Buckley (Board Member) $0 $0 $0
Jay Dellavecchia (Board Member) $0 $0 $0
Angela Bauer (Board Member) $0 $0 $0
Reginald Archambault (Board Member) $0 $0 $0
James Adamson (Board Member) $0 $0 $0
Michele Yost (Board Member) $0 $0 $0
Derek Beckman (Board Member) $0 $0 $0
Jim Salvo (Board Member) $0 $0 $0
Jack Haggerty (Board Member) $0 $0 $0
Rick Staub (Board Member) $0 $0 $0
Nour Laasri (Board Member) $0 $0 $0
John Montano (Board Member) $0 $0 $0
Ed Baten (Board Member) $0 $0 $0
Harold Epps (Board Member) $0 $0 $0
Jo Ann Bongart (Treasurer) $0 $0 $0
Edward Grose (President) $0 $0 $0
Joshua Rueckheim (Assistant Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,260,559
Expenses
$938,506
Net Income
$4,322,053
Net Assets
$4,219,757
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,237,297
99.6%
Investment Income $27,109
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$3,849
Net Inventory Sales $0
Other Revenue $2
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,219,757
Total Liabilities $0
Net Assets $4,219,757
Compensation
Key Employees and Officers Compensation Related Other
Leonard Buckley (Board Member) $0 $0 $0
Jay Dellavecchia (Board Member) $0 $0 $0
Angela Bauer (Board Member) $0 $0 $0
Reginald Archambault (Board Member) $0 $0 $0
James Adamson (Board Member) $0 $0 $0
Michele Yost (Board Member) $0 $0 $0
Derek Beckman (Board Member) $0 $0 $0
Jim Salvo (Board Member) $0 $0 $0
Jack Haggerty (Board Member) $0 $0 $0
Rick Staub (Board Member) $0 $0 $0
Nour Laasri (Board Member) $0 $0 $0
Marsha Ray (Board Member) $0 $0 $0
Ed Baten (Board Member) $0 $0 $0
Harold Epps (Board Member) $0 $0 $0
Jo Ann Bongart (Treasurer) $0 $0 $0
Bob Allen (Board Member Left Before Dec. 2018) $0 $0 $0
Edward Grose (President) $0 $0 $0

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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