Civic Intelligence

Venture Lititzinc

990 • Fiscal year 2020 • EIN 20-3826812

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 04, 2021

Organization ProfileWWW.VENTURELITITZ.COM
7 S Broad StLititz, PA 17543-1401

(717) 626-6332

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

0.79x

Higher debt load relative to assets than 92% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

95th percentile

1.16x

Higher debt load relative to revenue than 95% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

23rd percentile

-18%

Higher net margin than 23% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

95th percentile

$65,392

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 81.4% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

38th percentile

-2.1%

Faster asset growth than 38% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

32nd percentile

-35%

Faster revenue growth than 32% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$118,225

Down $2,530 (-2.1%) from 2019

Net Assets

Down

$25,052

Down $14,159 (-36%) from 2019

Liabilities

Up

$93,173

Up $11,629 (+14%) from 2019

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin23rd percentile

Revenue

Down

$80,336

Down $44,070 (-35%) from 2019

Expenses

Down

$94,495

Down $9,504 (-9.1%) from 2019

Net Income

Down

-$14,159

Down $34,566 (-169%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2011: $125,018Liabilities 2011: $18,347Net Assets 2011: $106,6712011Assets 2012: $158,034Liabilities 2012: $20,238Net Assets 2012: $137,7962012Assets 2013: $112,852Liabilities 2013: $34,821Net Assets 2013: $78,0312013Assets 2014: $74,192Liabilities 2014: $32,609Net Assets 2014: $41,5832014Assets 2015: $84,150Liabilities 2015: $40,085Net Assets 2015: $44,0652015Assets 2016: $49,589Liabilities 2016: $28,105Net Assets 2016: $21,4842016Assets 2017: $108,360Liabilities 2017: $70,259Net Assets 2017: $38,1012017Assets 2018: $116,464Liabilities 2018: $97,660Net Assets 2018: $18,8042018Assets 2019: $120,755Liabilities 2019: $81,544Net Assets 2019: $39,2112019Assets 2020: $118,225Liabilities 2020: $93,173Net Assets 2020: $25,0522020Assets 2021: $246,313Liabilities 2021: $94,457Net Assets 2021: $151,8562021Assets 2022: $333,688Liabilities 2022: $166,121Net Assets 2022: $167,5672022Assets 2023: $493,860Liabilities 2023: $254,621Net Assets 2023: $239,2392023Assets 2024: $582,014Liabilities 2024: $282,966Net Assets 2024: $299,0482024

Highlighted filing

2020

Assets$118,225
Liabilities$93,173
Net Assets$25,052
Open 2020 Filing

Operations Trend

Revenue Growth32nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KExpenses 2011: $137,6942011Expenses 2012: $102,2272012Revenue 2013: $57,849Expenses 2013: $117,614Net Income 2013: -$59,7652013Revenue 2014: $70,423Expenses 2014: $106,871Net Income 2014: -$36,4482014Revenue 2015: $110,823Expenses 2015: $108,341Net Income 2015: $2,4822015Revenue 2016: $73,826Expenses 2016: $96,407Net Income 2016: -$22,5812016Revenue 2017: $73,467Expenses 2017: $56,850Net Income 2017: $16,6172017Revenue 2018: $91,957Expenses 2018: $111,254Net Income 2018: -$19,2972018Revenue 2019: $124,406Expenses 2019: $103,999Net Income 2019: $20,4072019Revenue 2020: $80,336Expenses 2020: $94,495Net Income 2020: -$14,1592020Revenue 2021: $222,752Expenses 2021: $95,948Net Income 2021: $126,8042021Revenue 2022: $124,665Expenses 2022: $108,954Net Income 2022: $15,7112022Revenue 2023: $185,753Expenses 2023: $114,081Net Income 2023: $71,6722023Revenue 2024: $296,445Expenses 2024: $236,636Net Income 2024: $59,8092024

Highlighted filing

2020

Revenue$80,336
Expenses$94,495
Net Income-$14,159
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 4, 2021
Return Version
2020v4.1
Gross Receipts
$165,470
Mission and Program Overview

Mission

Venture lititz was established to serve as a community based economic developmententity for the business district of lititz, pennsylvania. The organization strives to enchance the look, feel and functionality of the lititz business district, promote downtown lititz as a desirable place to live, shop and visit, and develop and execute a plan to grow the economic base of the downtown lititz business district.

Promote and develop the downtown business district located in lititz, pennsylvania

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$75,243$75,273▲ $30
Cash and Non-Interest-Bearing Accounts$45,512$42,952▼ $2,560
Total Assets$120,755$118,225▼ $2,530
Liabilities
Other Liabilities$75,939$89,485▲ $13,546
Accounts Payable and Accrued Expenses$5,605$3,688▼ $1,917
Total Liabilities$81,544$93,173▲ $11,629
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$33,483$18,857▼ $14,626
Net Assets With Donor Restrictions$5,728$6,195▲ $467
Total Net Assets Fund Balance$39,211$25,052▼ $14,159
Total Liabilities and Net Assets / Fund Balance$120,755$118,225▼ $2,530
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Holly DekarskeExecutive DirectorFT$65,392$65,392

Board Members and Trustees

NameTitle
Jim WengerPresident
Donna FeltonVice-president
Christine SenenichBoard Member
Jon WalkerBoard Member
Maria ElliotBoard Member
Mark HoughBoard Member
Robyn TalleyBoard Member
Shirley FlickingerBoard Member
Tim GeigerBoard Member
Todd DickinsonSecretary
Sheri GarmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$58,022
Program Service Revenue
$0
Investment Income
$231
Other Revenue
$22,083
All Other Contributions
$58,022
Change in Net Assets
$-14,159
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$71,778
Other Expenses$22,717
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons-$65,458-$65,458
Advertising-$6,341-$6,341
Payroll Taxes-$6,320-$6,320
Insurance-$4,374-$4,374
Fees for Services Accounting-$3,990-$3,990
Information Technology-$3,009-$3,009
Office Expenses-$1,489-$1,489
Other Expenses$901$150-$150
All Other Expenses$33--$33
Total Functional Expenses$2,121$92,374$0$94,495
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$105,837
Fundraising Direct Expenses$85,134
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fire & Ice Festival$86,041$86,041$83,531$2,510
Taste of Lititz$17,175$17,175$1,578$15,597
Total Events$103,216$103,216$85,109$18,107
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lititz Dollar Program$76,094
Ppp Loan$13,391
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Form 990 prepared by independent accountant is provided to the board at the april meeting. Treasurer reviewed the form with the board and approval is received before filing.”

Form 990, Part VI, Section B, Line 15A

“Review of comparable salaries for individuals with similar qualifications. Documentation of salary items noted in meeting minutes.”

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. Requests must be made to the executive director of the organization.”

Filing and Contact Details

Filer

Filer Name
Venture Lititzinc
EIN
20-3826812
Phone
7176266332
Address
7 S BROAD ST, LITITZ, PA 17543-1401

Signing Officer

Name
Sheri Garman
Title
Treasurer
Phone
7176266332
Signed
2021-11-04

Organization Details

Principal Officer
Sheri Garman
Formed
2005
Legal Domicile
Pa
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
100

Preparer

Firm
Acuity Advisors and Cpas Llp
Address
454 NEW HOLLAND AVENUE SUITE 200, LANCASTER, PA 17602-2289
Preparer
Debra S High CPA
Phone
7172395180
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization has no tax positions that must be considered for disclosure under financial accounting standards board(fasb) accounting standard codification(asc) 740-10, accounting for uncertainty in income taxes. If applicable, the organization will recognize accrued interest related to unrecognized tax benefits in interest expense and penalties in other expenses. The organization had no interest or penalties related to unrecognized tax benefits for the year ended december 31, 2020.”

Raw XML AppendixShowing 400 of 431 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd01
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt05605
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt03688
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROMOTE AND DEVELOP THE DOWNTOWN BUSINESS DISTRICT LOCATED IN LITITZ, PENNSYLVANIA
IRS990/AdvertisingGrp/ManagementAndGeneralAmt06341
IRS990/AdvertisingGrp/TotalAmt06341
IRS990/AllOtherContributionsAmt058022
IRS990/AllOtherExpensesGrp/ProgramServicesAmt033
IRS990/AllOtherExpensesGrp/TotalAmt033
IRS990/AnnualDisclosureCoveredPrsnInd00
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum07176266332
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt07 S BROAD ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0LITITZ
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0175431401
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt045512
IRS990/CashNonInterestBearingGrp/EOYAmt042952
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompDisqualPersonsGrp/ManagementAndGeneralAmt065458
IRS990/CompDisqualPersonsGrp/TotalAmt065458
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt058022
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0231
IRS990/CYOtherExpensesAmt022717
IRS990/CYOtherRevenueAmt022083
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-14159
IRS990/CYSalariesCompEmpBnftPaidAmt071778
IRS990/CYTotalExpensesAmt094495
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt080336
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0BUSINESS PROMOTIONS AND PROGRAMS TO PROMOTE DOWNTOWN LITITZ AS A DESIRABLE PLACE TO LIVE, SHOP AND VISIT AND DEVELOP AND EXECUTE A PLAN TO GROW THE ECONOMIC BASE OF THE LITITZ BUSINESS DISTRICT.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt05728
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt06195
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02088
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03990
IRS990/FeesForServicesAccountingGrp/TotalAmt03990
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0JIM WENGER
IRS990/Form990PartVIISectionAGrp/PersonNm1DONNA FELTON
IRS990/Form990PartVIISectionAGrp/PersonNm2SHERI GARMAN
IRS990/Form990PartVIISectionAGrp/PersonNm3TODD DICKINSON
IRS990/Form990PartVIISectionAGrp/PersonNm4MARK HOUGH
IRS990/Form990PartVIISectionAGrp/PersonNm5ROBYN TALLEY
IRS990/Form990PartVIISectionAGrp/PersonNm6SHIRLEY FLICKINGER
IRS990/Form990PartVIISectionAGrp/PersonNm7CHRISTINE SENENICH
IRS990/Form990PartVIISectionAGrp/PersonNm8JON WALKER
IRS990/Form990PartVIISectionAGrp/PersonNm9TIM GEIGER
IRS990/Form990PartVIISectionAGrp/PersonNm10MARIA ELLIOT
IRS990/Form990PartVIISectionAGrp/PersonNm11HOLLY DEKARSKE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1165392
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt085134
IRS990/FundraisingGrossIncomeAmt0105837
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0165470
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt03009
IRS990/InformationTechnologyGrp/TotalAmt03009
IRS990/InsuranceGrp/ManagementAndGeneralAmt04374
IRS990/InsuranceGrp/TotalAmt04374
IRS990/InvestmentIncomeGrp/ExclusionAmt0231
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0231
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0VENTURE LITITZ WAS ESTABLISHED TO SERVE AS A COMMUNITY BASED ECONOMIC DEVELOPMENT ENTITY FOR THE BUSINESS DISTRICT OF LITITZ, PENNSYLVANIA. THE ORGANIZATION STRIVES TO ENHANCE THE LOOK, FEEL AND FUNCTIONALITY OF THE LITITZ BUSINESS DISTRICT, PROMOTE DOWNTOWN LITITZ AS A DESIRABLE PLACE TO LIVE, SHOP AND VISIT, AND DEVELOP AND EXECUTE A PLAN TO GROW THE ECONOMIC BASE OF THE DOWNTOWN LITITZ BUSINESS DISTRICT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt039211
IRS990/NetAssetsOrFundBalancesEOYAmt025052
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt020703
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt020703
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt033483
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt018857
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01489
IRS990/OfficeExpensesGrp/TotalAmt01489
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MEMBERSHIP FEES
IRS990/OtherExpensesGrp/Desc1BUSINESS PROMOTION
IRS990/OtherExpensesGrp/Desc2WAYFINDING SIGNS
IRS990/OtherExpensesGrp/Desc3TAX REGISTRATION FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01243
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1150
IRS990/OtherExpensesGrp/ProgramServicesAmt01187
IRS990/OtherExpensesGrp/ProgramServicesAmt1901
IRS990/OtherExpensesGrp/TotalAmt01243
IRS990/OtherExpensesGrp/TotalAmt11187
IRS990/OtherExpensesGrp/TotalAmt2901
IRS990/OtherExpensesGrp/TotalAmt3150
IRS990/OtherLiabilitiesGrp/BOYAmt075939
IRS990/OtherLiabilitiesGrp/EOYAmt089485
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISC. REVENUE-RELATED-
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01380
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01380
IRS990/OtherRevenueTotalAmt01380
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06320
IRS990/PayrollTaxesGrp/TotalAmt06320
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SHERI GARMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0THE GOAL OF VENTURE LITITZ IS TO MARKET THE DOWNTOWN LITITZ AREA AS A DESIRABLE PLACE TO LIVE, SHOP, VISIT, AND INVEST. THE ORGANIZATION ESTABLISHED A DOWNTOWN FARMERS MARKET BEGINNING IN 2008. THIS MARKET PROVIDES BOROUGH RESIDENTS WITH A PEDESTRIAN ACCESSIBLE LOCATION TO PURCHASE FRESH PRODUCE AND OTHER FARM RELATED GOODS. THE MARKET CREATES VISABILITY AND TANGIBILITY OF THE IMPORTANCE OF AGRICULTURE IN THE LITITZ AREA AS WELL AS INCREASING FOOT TRAFFIC WITHIN THE DOWNTOWN BUSINESS DISTRICT. ACTIVITY FOR 2020 WAS GREATLY IMPACTED DUE TO COVID.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt033
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt033594
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0178
IRS990/PYOtherExpensesAmt032979
IRS990/PYOtherRevenueAmt090634
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt020407
IRS990/PYSalariesCompEmpBnftPaidAmt071020
IRS990/PYTotalExpensesAmt0103999
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0124406
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-14159
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt075243
IRS990/SavingsAndTempCashInvstGrp/EOYAmt075273
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt058022
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt033594
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt033269
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt030241
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt046668
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0201794
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt021000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt021000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt021000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt018000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt024000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt0105000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0231
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0178
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt063
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0203
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt039
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0714
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0473315
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01380
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt09266
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt05657
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt09816
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt010161
IRS990ScheduleA/OtherIncome170Grp/TotalAmt036280
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.89240
IRS990ScheduleA/PublicSupportPY170Pct00.86670
IRS990ScheduleA/PublicSupportTotal170Amt0306794
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt079022
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt054594
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt054269
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt048241
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt070668
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0306794
IRS990ScheduleA/TotalSupportAmt0343788
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt076094
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt113391
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LITITZ DOLLAR PROGRAM
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PPP LOAN
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS NO TAX POSITIONS THAT MUST BE CONSIDERED FOR DISCLOSURE UNDER FINANCIAL ACCOUNTING STANDARDS BOARD(FASB) ACCOUNTING STANDARD CODIFICATION(ASC) 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. IF APPLICABLE, THE ORGANIZATION WILL RECOGNIZE ACCRUED INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OTHER EXPENSES. THE ORGANIZATION HAD NO INTEREST OR PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS FOR THE YEAR ENDED DECEMBER 31, 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt089485
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt085109
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FIRE & ICE FESTIVAL
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0TASTE OF LITITZ
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt086041
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt017175
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0103216
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt086041
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt017175
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0103216
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt018107
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt085109
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt083531
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt01578
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 PREPARED BY INDEPENDENT ACCOUNTANT IS PROVIDED TO THE BOARD AT THE APRIL MEETING. TREASURER REVIEWED THE FORM WITH THE BOARD AND APPROVAL IS RECEIVED BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEW OF COMPARABLE SALARIES FOR INDIVIDUALS WITH SIMILAR QUALIFICATIONS. DOCUMENTATION OF SALARY ITEMS NOTED IN MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. REQUESTS MUST BE MADE TO THE EXECUTIVE DIRECTOR OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0120755
IRS990/TotalAssetsEOYAmt0118225
IRS990/TotalAssetsGrp/BOYAmt0120755
IRS990/TotalAssetsGrp/EOYAmt0118225
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt058022
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt092374
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02121
IRS990/TotalFunctionalExpensesGrp/TotalAmt094495
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt081544
IRS990/TotalLiabilitiesEOYAmt093173
IRS990/TotalLiabilitiesGrp/BOYAmt081544
IRS990/TotalLiabilitiesGrp/EOYAmt093173
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt039211
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt025052
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02121
IRS990/TotalReportableCompFromOrgAmt065392
IRS990/TotalRevenueGrp/ExclusionAmt020934
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01380
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt080336
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0120755
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0118225
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0326 ENGLISH IVY DRIVE
IRS990/USAddress/CityNm0LITITZ
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd017543
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.VENTURELITITZ.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$118,225
Liabilities
$93,173
Net assets
$25,052
Revenue
$80,336
Expenses
$94,495
Net income
-$14,159
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.82$2.83$2.99$2.96$2.37$0.60
2023Detailed filing. Detailed filing data is available for this year.$4.94$2.55$2.39$1.86$1.14$0.72
2022Detailed filing. Detailed filing data is available for this year.$3.34$1.66$1.68$1.25$1.09$0.16
2021Detailed filing. Detailed filing data is available for this year.$2.46$0.94$1.52$2.23$0.96$1.27
2020Detailed filing. Detailed filing data is available for this year.$1.18$0.93$0.25$0.80$0.94$0.14
2019Detailed filing. Detailed filing data is available for this year.$1.21$0.82$0.39$1.24$1.04$0.20
2018Detailed filing. Detailed filing data is available for this year.$1.16$0.98$0.19$0.92$1.11$0.19
2017Detailed filing. Detailed filing data is available for this year.$1.08$0.70$0.38$0.73$0.57$0.17
2016Detailed filing. Detailed filing data is available for this year.$0.50$0.28$0.21$0.74$0.96$0.23
2015Detailed filing. Detailed filing data is available for this year.$0.84$0.40$0.44$1.11$1.08$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.74$0.33$0.42$0.70$1.07$0.36
2013Detailed filing. Detailed filing data is available for this year.$1.13$0.35$0.78$0.58$1.18$0.60
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.58$0.20$1.38$1.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$0.18$1.07$1.38