Civic Intelligence

Assets Lancaster

990 • Fiscal year 2023 • EIN 23-2827808

Jul 01, 2022 to Jun 30, 2023 • Filed on Jan 31, 2024

Organization ProfileWWW.ASSETSPA.ORG
100 South Queen St Suite 246Lancaster, PA 17603

(717) 393-6089

Siviq Scores

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

Liabilities / Assets

85th percentile

0.53x

Higher debt load relative to assets than 85% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

86th percentile

0.85x

Higher debt load relative to revenue than 86% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

8th percentile

-45%

Higher net margin than 8% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

46th percentile

$43,375

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

67th percentile

12%

Faster asset growth than 67% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

10th percentile

-36%

Faster revenue growth than 10% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets85th percentile

Assets

Flat

$1,576,743

Flat from 2023

Net Assets

Flat

$746,439

Flat from 2023

Liabilities

Flat

$830,304

Flat from 2023

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin8th percentile

Revenue

Flat

$973,060

Flat from 2023

Expenses

Flat

$1,413,694

Flat from 2023

Net Income

Flat

-$440,634

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $463,362Liabilities 2011: $436,147Net Assets 2011: $27,2152011Assets 2012: $47,643Liabilities 2012: $147Net Assets 2012: $47,4962012Assets 2013: $72,346Liabilities 2013: $458Net Assets 2013: $71,8882013Assets 2014: $83,395Liabilities 2014: $101Net Assets 2014: $83,2942014Assets 2015: $567,445Liabilities 2015: $31,400Net Assets 2015: $536,0452015Assets 2016: $894,417Liabilities 2016: $113,551Net Assets 2016: $780,8662016Assets 2017: $1,041,993Liabilities 2017: $238,911Net Assets 2017: $803,0822017Assets 2018: $624,877Liabilities 2018: $254,283Net Assets 2018: $370,5942018Assets 2019: $1,031,880Liabilities 2019: $477,805Net Assets 2019: $554,0752019Assets 2021: $1,755,070Liabilities 2021: $670,665Net Assets 2021: $1,084,4052021Assets 2022: $1,401,857Liabilities 2022: $214,784Net Assets 2022: $1,187,0732022Assets 2023: $1,576,743Liabilities 2023: $830,304Net Assets 2023: $746,4392023Assets 2023: $1,576,743Liabilities 2023: $830,304Net Assets 2023: $746,4392023Assets 2024: $1,845,147Liabilities 2024: $1,217,748Net Assets 2024: $627,3992024

Highlighted filing

2023

Assets$1,576,743
Liabilities$830,304
Net Assets$746,439
Open 2023 Filing

Operations Trend

Revenue Growth10th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $177,623Expenses 2011: $179,722Net Income 2011: -$2,0992011Expenses 2012: $155,3342012Revenue 2013: $161,552Expenses 2013: $137,160Net Income 2013: $24,3922013Revenue 2014: $253,294Expenses 2014: $241,888Net Income 2014: $11,4062014Revenue 2015: $876,353Expenses 2015: $423,602Net Income 2015: $452,7512015Revenue 2016: $822,320Expenses 2016: $551,942Net Income 2016: $270,3782016Revenue 2017: $826,911Expenses 2017: $804,695Net Income 2017: $22,2162017Revenue 2018: $1,131,102Expenses 2018: $1,544,814Net Income 2018: -$413,7122018Revenue 2019: $1,533,097Expenses 2019: $1,349,616Net Income 2019: $183,4812019Revenue 2021: $2,780,579Expenses 2021: $2,318,936Net Income 2021: $461,6432021Revenue 2022: $1,513,730Expenses 2022: $1,411,062Net Income 2022: $102,6682022Revenue 2023: $973,060Expenses 2023: $1,413,694Net Income 2023: -$440,6342023Revenue 2023: $973,060Expenses 2023: $1,413,694Net Income 2023: -$440,6342023Revenue 2024: $1,355,244Expenses 2024: $1,474,284Net Income 2024: -$119,0402024

Highlighted filing

2023

Revenue$973,060
Expenses$1,413,694
Net Income-$440,634
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 31, 2024
Return Version
2022v5.0
Gross Receipts
$973,060
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$812,195$677,901▼ $134,294
Land, Buildings, and Equipment, Net$319,866$295,872▼ $23,994
Pledges and Grants Receivable$132,765--
Other Notes and Loans Receivable, Net$40,504$99,070▲ $58,566
Intangible Assets-$34,500-
Prepaid Expenses and Deferred Charges$10,924$12,266▲ $1,342
Accounts Receivable$26,115$2,181▼ $23,934
Total Assets$1,401,857$1,576,743▲ $174,886
Other Assets Total$59,488$454,953▲ $395,465
Liabilities
Other Liabilities$48,624$446,677▲ $398,053
Mortgage Notes Payable Secured by Investment Property$133,482$347,708▲ $214,226
Unsecured Notes Loans Payable$30,940$30,940→ $0
Accounts Payable and Accrued Expenses$1,738$4,979▲ $3,241
Total Liabilities$214,784$830,304▲ $615,520
Net Assets / Fund Balance
Net Assets With Donor Restrictions$862,419$959,220▲ $96,801
Net Assets Without Donor Restrictions$324,654$-212,781▼ $537,435
Total Net Assets Fund Balance$1,187,073$746,439▼ $440,634
Total Liabilities and Net Assets / Fund Balance$1,401,857$1,576,743▲ $174,886

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$237,557$27,738$265,295
Other Land Buildings$37,316$28,531$65,847
Equipment$20,999$23,523$44,522
Other Assets Org$9,232--
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jaime ArroyoCEOFT$43,375$43,375

Board Members and Trustees

NameTitle
Kent HartzlerChair
Liz MartinChair
Peter BarberVice Chair
Alex AlvarezDirector
Denise WaymanDirector
Francine McnairyDirector
Joaquin VillarrealDirector
Joseph MartinezDirector
Kathy GranboisDirector
Nancy NeffDirector
Lance GreeneSecretary
Julie PeacheyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$937,431
Program Service Revenue
$35,541
Investment Income
$0
Other Revenue
$88
All Other Contributions
$658,107
Change in Net Assets
$-440,634

Audited Revenue Reconciliation

Revenue per Audited Statements
$973,060
Total Revenue per Audited Statements
$973,060
Total Revenue per Form 990
$973,060
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,042,775
Other Expenses$345,269
Total Fundraising Expense$125,585
Grants and Similar Amounts Paid$25,650
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$555,103$158,601$79,300$793,004
Other Employee Benefits$79,093$22,598$11,299$112,990
Occupancy-$110,784-$110,784
Payroll Taxes$51,919$14,834$7,417$74,170
Office Expenses$44,691--$44,691
Current Officers, Directors, Trustees, and Key Employees$30,362$8,675$4,338$43,375
Depreciation Depletion-$40,562-$40,562
Grants to Domestic Individuals$25,650--$25,650
Pension Plan Contributions$13,465$3,847$1,924$19,236
All Other Expenses$11,732$3,352$1,696$16,780
Fees for Services Accounting$10,989$3,141$1,570$15,700
Insurance$10,666$3,048$1,524$15,238
Interest$8,861--$8,861
Other Expenses$8,160-$2,011$8,160
Fees for Services Other$62$17$9$88
Total Functional Expenses$918,650$369,459$125,585$1,413,694

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,413,694
Total Expenses per Audited Statements$1,413,694
Total Expenses per Form 990$1,413,694
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$365,339
Accrued Payroll$41,268
Compensated Absences$40,070
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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, Page 6, Part VI, Line 11B

“The 990 is reviewed with the board treasurer before filing.”

Form 990, Page 6, Part VI, Line 12C

“The organization annually monitors compliance with this policy by ensuring that board members fill out a form each year disclosing potential conflicts of interest. This information is kept on file.”

Form 990, Page 6, Part VI, Line 15A

“Compensation is based on comparable data obtained through the chamber of commerce wage and benefit survey.”

Form 990, Page 6, Part VI, Line 15B

“Officers of the board of directors are not compensated. Key employee compensation is based on comparable data obtained through the chamber of commerce.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are provided upon request.”

Filing and Contact Details

Filer

Filer Name
Assets Lancaster
EIN
23-2827808
Phone
7173936089
Address
100 SOUTH QUEEN ST SUITE 246, LANCASTER, PA 17603

Signing Officer

Name
Jaime Arroyo
Title
CEO
Phone
7173936089
Signed
2024-01-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jaime Arroyo
Formed
1995
Legal Domicile
Pa
Voting Board Members
13
Independent Board Members
12
Employees
25
Volunteers
17

Preparer

Firm
Bertz Hess & Co Llp
Address
36 EAST KING ST, LANCASTER, PA 17602
Preparer
Thomas a Wobber CPA
Phone
7173930767
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“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.”

Financial Statement Notes

Schedule D, Page 3, Part X

“Tax returns are open for examination by the internal revenue service for three years from the due date of the returns. The tax years subject to examination by the state jurisdiction are unlimited. The organization has evaluated its tax filings for the open tax years for uncertain tax positions.”

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

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IRS990/PensionPlanContributionsGrp/FundraisingAmt01924
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt035541
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME 98,300
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TAX RETURNS ARE OPEN FOR EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THREE YEARS FROM THE DUE DATE OF THE RETURNS. THE TAX YEARS SUBJECT TO EXAMINATION BY THE STATE JURISDICTION ARE UNLIMITED. THE ORGANIZATION HAS EVALUATED ITS TAX FILINGS FOR THE OPEN TAX YEARS FOR UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ASSETS 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.

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,576,743
Liabilities
$830,304
Net assets
$746,439
Revenue
$973,060
Expenses
$1,413,694
Net income
-$440,634
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.85$1.22$0.63$1.36$1.47$0.12
2023Detailed filing. Detailed filing data is available for this year.$1.58$0.83$0.75$0.97$1.41$0.44
2023Summary only. Only limited summary data is available for this year.$1.58$0.83$0.75$0.97$1.41$0.44
2022Summary only. Only limited summary data is available for this year.$1.40$0.21$1.19$1.51$1.41$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.76$0.67$1.08$2.78$2.32$0.46
2019Summary only. Only limited summary data is available for this year.$1.03$0.48$0.55$1.53$1.35$0.18
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.25$0.37$1.13$1.54$0.41
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.24$0.80$0.83$0.80$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.89$0.11$0.78$0.82$0.55$0.27
2015Detailed filing. Detailed filing data is available for this year.$0.57$0.03$0.54$0.88$0.42$0.45
2014Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.25$0.24$0.01
2013Summary only. Only limited summary data is available for this year.$0.07$0.00$0.07$0.16$0.14$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.00$0.05$0.16
2011Summary only. Only limited summary data is available for this year.$0.46$0.44$0.03$0.18$0.18$0.00