2023-10-19T10:03:10-05:00 2022-12-31 232896692 BBD LLP 1835 MARKET STREET 3RD FLOOR PHILADELPHIA PA 19103 990 2022-01-01 231584975 THE MERCHANTS FUND OF PHILADELPHIA MERC 2153991339 1617 JOHN F KENNEDY BLVD 2042 PHILADELPHIA PA 191031833 JILL FINK EXECUTIVE DIRECTOR 2153991339 2023-10-19 1 JILL FINK 999009999 0 JENNIFER SOLOT P00749373 2155677770 2023-10-05 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JILL FINK 1617 JOHN F KENNEDY BLVD 2042 PHILADELPHIA PA 191031833 1362463 0 X WWW.MERCHANTSFUND.ORG X 1854 PA TO PROVIDE GRANTS AND OTHER SUPPORT TO MERCHANTS AND SMALL BUSINESSES IN PHILADELPHIA. 15 15 3 19 0 0 560300 158252 0 0 856916 382508 0 0 1417216 540760 793501 718997 0 0 235904 236685 0 0 5000 91066 144351 1120471 1100033 296745 -559273 18136342 14303804 16834 10000 18119508 14293804 THE MERCHANTS FUND PROVIDES GRANTS AND OTHER SUPPORT TO MERCHANTS AND SMALL BUSINESSES IN PHILADELPHIA. 0 0 947927 718997 MAKE DIRECT GRANTS TO BUSINESSES, SUPPORTING RETIRED MERCHANTS THROUGH OUR LEGACY PROGRAM, AND OFFERING "BEYOND THE GRANT" SERVICES THAT PROVIDE COACHING AND OTHER BUSINESS SUPPORT SERVICES. 947927 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 PA X THE ORGANIZATION 2153991339 1617 JOHN F KENNEDY BLVD 2042 PHILADELPHIA PA 191031833 BRUCE HOTALING BOARD CHAIR 1.00 X X 0 0 0 STEVEN KING BOARD VICE CHAIR 1.00 X X 0 0 0 JAMES JOHNSON-PIETT BOARD TREASURER 1.00 X X 0 0 0 ANA LISA YODER BOARD SECRETARY 1.00 X X 0 0 0 KERSY AZOCAR BOARD MEMBER 1.00 X 0 0 0 MICHAEL BANKS BOARD MEMBER 1.00 X 0 0 0 MELISSA KIM BOARD MEMBER 1.00 X 0 0 0 CAREY MORGAN BOARD MEMBER 1.00 X 0 0 0 SHAWN NESBIT BOARD MEMBER 1.00 X 0 0 0 SAMANTHA PORTER BOARD MEMBER 1.00 X 0 0 0 SHALIMAR THOMAS BOARD MEMBER 1.00 X 0 0 0 ANDY TOY BOARD MEMBER 1.00 X 0 0 0 DAFAN ZHANG BOARD MEMBER 1.00 X 0 0 0 ADNAN ZULFIQAR BOARD MEMBER 1.00 X 0 0 0 TOM GINSBERG BOARD MEMBER 1.00 X 0 0 0 JILL FINK EXECUTIVE DIRECTOR 40.00 X 144296 0 8285 144296 0 8285 1 0 1 0 0 158252 158252 406619 406619 797592 821703 -24111 -24111 -24111 540760 0 0 382508 680237 680237 38760 38760 152581 101849 48006 2726 53519 35725 16838 956 701 468 220 13 13285 8868 4180 237 16599 11080 5222 297 20380 20380 70901 31057 39844 5386 5386 9370 9370 14942 7420 6779 743 4838 4838 6812 3817 2967 28 5013 4113 900 MISCELLANEOUS 6709 4939 1770 1100033 947927 147106 5000 220401 209127 348391 10000 18683 19234 9823827 6942389 8073431 6774663 18136342 14303804 2834 14000 10000 16834 10000 X 9998537 7510031 8120971 6783773 18119508 14293804 18136342 14303804 X -559273 -1967663 -1298768 X 0 1 X 1 0 X 1721610 560300 158252 2440162 1721610 560300 158252 2440162 4017 2436145 358215 11368 49128 423308 406619 1248638 3688800 0.66040 0.56700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 6774663 6774663 X -2725671 -1967663 -1298768 -3266431 540760 0 540760 1100033 0 1100033 0 1100033 PART X, LINE 2: GAAP REQUIRES ENTITIES TO EVALUATE, MEASURE AND RECOGNIZE ANY UNCERTAIN TAX POSITIONS. GAAP PRESCRIBES A MINIMUM THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET IN ORDER TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. THE FUND BELIEVES THAT IT HAD NO UNCERTAIN TAX POSITIONS AS DEFINED BY GAAP. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS -1,298,768. 1 2 SISTERS GROCERY STORE 6550 WOODLAND AVE PHILALDELPHIA PA 19142 462445254 10000 0 STABILIZATION ACTUALIDAD INFORMATIVA TV 314 FANSHAWE ST PHILADELPHIA PA 19111 455499669 10000 0 STABILIZATION ADONIS GALLERY 4733 N FRONT ST PHILADELPHIA PA 19120 096983264 10000 0 STABILIZATION AMERICAN AUTO BODY REPAIR & TIRE INC 241 W CAMBRIA ST PHILADELPHIA PA 19133 831374442 10000 0 STABILIZATION ARTESANA MUNDO DE QUEEN 642 MCCLELLAN STREET PHILADELPHIA PA 19148 925994649 10000 0 STABILIZATION CANTINA LA MARTINA 2800 D STREET PHILADELPHIA PA 19134 872378640 10000 0 STABILIZATION CREATIONS BY SABOR BORICUA 4719 N 5TH ST PHILADELPHIA PA 19120 261910879 10000 0 STABILIZATION D ROSE BEAUTY SALON 4653 NORTH 5TH STREET PHILADELPHIA PA 19140 680338392 10000 0 STABILIZATION D'CLASICOS BARBERSHOP 4947 N 5TH STREET PHILADELPHIA PA 19120 263354815 10000 0 STABILIZATION DIVA BEAUTY SUPPLY 5526-30 NORTH 5TH STREET PHILADELPHIA PA 19120 232796082 10000 0 STABILIZATION DUBOSE PRINTING AND BUSINESS SERVICES 7592 HAVERFORD AVE SUITE A PHILADELPHIA PA 19151 475471635 10000 0 STABILIZATION EL SABOR CHAPIN 1446 S 8TH STREET PHILADELPHIA PA 19148 896149513 10000 0 STABILIZATION EL SABOR DE CASA 1054 E LYCOMING ST PHILADELPHIA PA 19124 166862263 8000 0 STABILIZATION EL SABOR DE MARIA & CATERING 5132 N 5TH STREET PHILADELPHIA PA 19111 842528737 10000 0 STABILIZATION FDR VENDORS 2149 S 19TH ST PHILADELPHIA PA 19145 862465462 10000 0 SPECIAL GROUP FLAKELY 220 KRAMS AVE PINK DOOR PHILADELPHIA PA 19127 821368356 10000 0 STABILIZATION GRANT BLVD 3605 LANCASTER AVENUE PHILADELPHIA PA 19104 823208401 10000 0 STABILIZATION GREG'S KITCHEN 4460 MAIN STREET PHILADELPHIA PA 19127 463766767 10000 0 STABILIZATION I HEART CAMBODIA 2207 S7 ST PHILADELPHIA PA 19148 814743514 10000 0 STABILIZATION KALAS'S ESTTICA UNISEX 1345 E PASSYUNK AVENUE PHILADELPHIIA PA 19147 844386225 10000 0 STABILIZATION LA PRINCESA MINI MARKET 1701 N 3RD STREET PHILADELPHIA PA 19122 830529594 20000 0 EMERGENCY LEE'S DELI 4700 BALTIMORE AVE PHILADELPHIA PA 19143 187706221 15000 0 EMERGENCY LINCOLN FRIED CHICKEN 2614 WEST GIRARD AVE PHILADELPHIA PA 19130 208206401 15000 0 EMERGENCY LM NUTRITION 151 W WYOMING AVE PHILADELPHIA PA 19140 030825008 10000 0 STABILIZATION MARIAM PRODUCE MARKET 4662 FRANKFORD AVE PHILALDEPHIA PA 19124 822467650 10000 0 STABILIZATION MARIA'S RESTAURANT 4058 NORTH 5TH STREET PHILADELPHIA PA 19149 830543241 10000 0 STABILIZATION MARSH MANE 529 S 4TH STREET PHILADELPHIA PA 19147 823317310 10000 0 STABILIZATION MING RIVER SIDEWALK CAFE 148 N 10TH STREET PHILADELPHIA PA 19107 270425927 7500 0 EMERGENCY NOR HALAL MEATS AND GROCERY 649 DURFOR STREET PHILADELPHIA PA 19148 895221601 7000 0 STABILIZATION NUSAN TARA INA 2115 S 7TH ST PHILADELPHIA PA 19148 320489119 10000 0 STABILIZATION P&B BREAKFAST 6003 N 5TH ST PHILADELPHIA PA 19120 189702035 10000 0 STABILIZATION PICHARDO BEAUTY SALON & SPA 2716 N 5TH STREET PHILADELPHIA PA 19133 123801468 10000 0 STABILIZATION PULPERIA EL TRIUNFO 2203 S7TH STREET PHILADELPHIA PA 19148 308935735 10000 0 STABILIZATION QT VIETNAMESE SANDWICH 48 N 10 STREET PHILADELPHIA PA 19107 475204985 10000 0 STABILIZATION SHALOM MINI MARKET 274 W DUNCANNON AVE PHILADELPHIA PA 19120 844956609 10000 0 STABILIZATION SHIAO LAN KUNG RESTAURANT 930 RACE STREET PHILADELPHIA PA 19107 232712188 7000 0 EMERGENCY SKY CAFE 1122-38 WASHINGTON AVE PHILADELPHIA PA 19147 475645329 10000 0 STABILIZATION STYLES INSPIRED BY MARC 3854 LANCASTER AVE PHILADELPHIA PA 19104 873198512 10000 0 STABILIZATION SUPER DELI NUEVO AMANECER 2900 N HANCOCK ST PHILADELPHIA PA 19133 814763520 10000 0 STABILIZATION TASTY TEA 2223 S 7TH ST PHILADELPHIA PA 19148 852971264 10000 0 STABILIZATION TOP CUT SALON 237 N 10TH ST PHILADELPHIA PA 19107 262707282 10000 0 STABILIZATION T-SWIRL CREPE 150 N 10TH STREET PHILADELPHIA PA 19107 473560394 10000 0 EMERGENCY UNRIVALED 2221 S 7TH STREET PHILADELPHIA PA 19148 851210406 10000 0 STABILIZATION URBANE DEVELOPMENT INC 135 MADISON AVE 8TH FLOOR NEW YORK NY 10016 263715677 145000 0 COMMMUNITY WEALTH BUILDING STRATEGIES VIENTIANE BISTRO 2537 KENSINGTON AVE PHILADELPHIA PA 19125 821152188 10000 0 STABILIZATION WANG'S CUISINE 2333 N FRONT STREET PHILADELPHIA PA 19133 473860178 10000 0 STABILIZATION XIOMARA GROCERY 3050 FRANKFORD PHILADELPHIA PA 19134 475286678 10000 0 COMMUNITY WEALTH BUSINESS STRATEGIES 0 47 SUPPORT STIPEND TO RETIREES/INDIGENT MERCHANTS 8 38760 PART I, LINE 2: TMF USES QUICKBOOKS FOR ALL ACCOUNTING AND TRACKS REVENUE AND EXPENSES BY CLASS IN ORDER TO MONITOR HOW GRANT & GOVERNMENT INCOME IS SPENT. FURTHER, A GRANT MANAGEMENT SOFTWARE IS USED TO TRACK ALL GRANT PAYMENTS MADE TO SMALL BUSINESSES. REPORTS FROM THE GRANT MANAGEMENT SOFTWARE AND QUICKBOOKS ARE COMPARED AS A MEANS OF ENSURING THAT THERE ARE NO DISCREPANCIES. A SCORING RUBRIC HAS BEEN DEVELOPED THAT PROVIDES A SCORE FOR EACH APPLICATION BASED ON HOW WELL THE APPLICANT/PROJECT MEETS FUNDING PRIORITIES AND THE GOALS OF THE GRANT PROGRAM. ADDITIONAL CONSIDERATION IS GIVEN TO THE IMPACT THE GRANT WOULD HAVE ON THE MERCHANT AND FOR THE BUSINESS, AS WELL AS ANY ADDITIONAL IMPACT OR BENEFIT TO THE LARGER NEIGHBORHOOD AND COMMUNITY. X X X X 0 0 0 0 0 0 0 0 0 JILL FINK EXECUTIVE DIRECTOR 144296 0 0 0 0 0 0 0 8285 0 152581 0 0 0 URBANE DEVELOPMENT INC THE PRINCIPAL AND CEO OF URBANE DEVELOPMENT, INC. IS A BOARD MEMBER. 145000 GRANT FOR COMMMUNITY WEALTH BUILDING STRATEGIES FORM 990, PART VI, SECTION B, LINE 11B IN 2022, THE ORGANIZATION ESTABLISHED AN AUDIT COMMITTEE AS A SUB-COMMITTEE OF THE FINANCE COMMITTEE TO PERFORM AN INITIAL REVIEW OF THE FORM 990 BEFORE IT IS PROVIDED TO THE FULL BOARD PRIOR TO FILING. THE FULL BOARD WILL THEN REVIEW THE FORM 990 AND VOTE TO "ACCEPT" THE FILING. FORM 990, PART VI, SECTION B, LINE 12C AN INTERESTED PERSON MUST DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST AND MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE MANAGERS OR THE EXECUTIVE DIRECTOR. AFTER DISCLOSURE OF THE ACTUAL OR POSSIBLE CONFLICTS OF INTERESTS AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, THE MANAGERS SHALL DETERMINE WHETHER A CONFLICT EXISTS. IN THE EVENT A MANAGER IS THE INTERESTED PERSON, THE INTERESTED PERSON SHALL ABSTAIN FROM PARTICIPATING IN SUCH DECISION. THE MANAGERS SHALL MEMORIALIZE THEIR CONSIDERATION OF REPORTED CONFLICTS OF INTEREST IN THE MINUTES OF THE RELEVANT MANAGERS' MEETING OR PROGRAM COMMITTEE MEETING OR IN SUCH OTHER PERMANENT WRITTEN RECORD OF TMF AS THEY SHALL DEEM APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15A THE MANAGERS SHALL HAVE THE FINAL RESPONSIBILITY FOR DETERMINING APPROPRIATE COMPENSATION FOR MANAGERS, THE EXECUTIVE DIRECTOR, EMPLOYEES, MEMBERS OF ADVISORY TEAMS, OR OTHER CONSULTANTS. THE MANAGERS SHALL SEEK INFORMATION AND ADVICE FROM OUTSIDE SOURCES WITH REGARD TO APPROPRIATE COMPENSATION FOR INDIVIDUALS WHO PROVIDE SERVICES TO TMF BY COMPARING INDIVIDUALS AT OTHER ORGANIZATIONS WHO PERFORM SIMILAR TASKS AND WHO HAVE SIMILAR RESPONSIBILITIES AND COMPARABLE EDUCATION, EXPERIENCE AND SKILLS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS -1,298,768.