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EIN 23-2827808

Assets Lancaster

IRS 501(c) type
501(c)(3)
Num. employees
25
City
Lancaster
State
Pennsylvania
Year formed
1995
Most recent tax filings
2023-06-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
Assets Lancaster is a non-profit that works with start-up and existing businesses to form a more equitable and ethical economy. Assets Lancaster offers in-depth training and financing for entrepreneurs, and works with established businesses to improve their social and environmental impact. Assets Lancaster creates economic opportunity and cultivates entrepreneurial leadership to alleviate poverty and build vibrant and sustainable communities. Assets Lancaster changes lives and promotes economic development by providing business support services to aspiring entrepreneurs.
Total revenues
$973,060
2023
Total expenses
$1,413,694
2023
Total assets
$1,576,743
2023
Num. employees
25
2023

Program areas at Assets Lancaster

Assets Lancaster offers microenterprise development through training and lending services for microenterprises. Additionally, it offers consulting services to established businesses to measure and improve social and environmental performance. Assets Lancaster's micro-lending is designed to provide small amounts of working capital to business entrepreneurs. The loans will typically range between 1,000 and 20,000. There were 17 new loans with an average balance of 9,305 for the fiscal year ending 6/30/23.

Who funds Assets Lancaster

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Pennsylvania Cdfi Network$232,941
Lancaster County Community FoundationFood Lab Incubator, Cbo Capacity Building, General Operating Support$154,530
Opportunity Finance Network (OFN)Ofn Cdfi Tech Grant Program Supported By Google.org$100,000
...and 9 more grants received

Personnel at Assets Lancaster

NameTitleCompensation
Jaime ArroyoChief Executive Officer$43,375
Craig DalenChief Strategy Officer
Melisa BaezChief Program Officer
Karen RomanDirector of Finance and Operations
Gretchen LusbyDirector of Marketing
...and 16 more key personnel

Financials for Assets Lancaster

RevenuesFYE 06/2023
Total grants, contributions, etc.$937,431
Program services$35,541
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$88
Total revenues$973,060

Form 990s for Assets Lancaster

Fiscal year endingDate received by IRSFormPDF link
2023-062024-02-28990View PDF
2022-062023-03-15990View PDF
2021-062022-03-18990View PDF
2019-062021-01-28990View PDF
2018-062019-05-14990View PDF
...and 8 more Form 990s
Data update history
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $7,500 from PPL Foundation
December 24, 2023
Received grants
Identified 6 new grant, including a grant for $154,530 from Lancaster County Community Foundation
October 23, 2023
Received grants
Identified 6 new grant, including a grant for $232,941 from Pennsylvania Cdfi Network
June 17, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 15, 2023
Updated personnel
Identified 4 new personnel
Nonprofit Types
Business and community development organizationsFamily service centersCharities
Issues
Business and industry
Characteristics
State / local levelReceives government fundingTax deductible donations
General information
Address
100 S Queen St Suite 246
Lancaster, PA 17603
Metro area
Lancaster, PA
County
Lancaster County, PA
Website URL
assetspa.org/ 
Phone
(717) 393-6089
IRS details
EIN
23-2827808
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1995
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Independent
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