Liabilities / Assets
76th percentile
Higher debt load relative to assets than 76% of similar nonprofits.
Haverford Partnership for Economic
EIN 27-2003423 • 501(c)3 • Havertown, PA
Profile
Discover haverford (hped)is a 501c3 nonprofit organization that facilitates government, businesses, commercial property owners and residents working together to promote economic growth throughout haverford township. Discover haverford boosts the local economy by supporting businesses, enhancing the image of haverford township, and revitalizing our business districts and public spaces.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.06x
Liabilities / Revenue
79th percentile
Higher debt load relative to revenue than 79% of similar nonprofits.
Net Margin
79th percentile
Higher net margin than 79% of similar nonprofits.
Top Officer Pay
93rd percentile
Higher top officer pay than 93% of similar nonprofits.
Top officer pay equals 17.5% of source-year revenue.
Asset Growth
77th percentile
Faster asset growth than 77% of similar nonprofits.
Revenue Growth
54th percentile
Faster revenue growth than 54% of similar nonprofits.
Balance Sheet
Assets
Up$275,039
Up $51,180 (+23%) from 2023
Liabilities
Down$16,282
Down $22,993 (-59%) from 2023
Net Assets
Up$258,757
Up $74,173 (+40%) from 2023
Revenue
Up$285,420
Up $2,996 (+1.1%) from 2023
Expenses
Up$211,247
Up $19,937 (+10%) from 2023
Net Income
Down$74,173
Down $16,941 (-19%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $275,039
- Liabilities
- $16,282
- Net assets
- $258,757
- Revenue
- $285,420
- Expenses
- $211,247
- Net income
- $74,173
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Oct 31, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $290,930
Mission and Program Overview
Mission
Discover haverford (hped)is a 501c3 nonprofit organization that facilitates government, businesses, commercial property owners and residents working together to promote economic growth throughout haverford township. Discover haverford boosts the local economy by supporting businesses, enhancing the image of haverford township, and revitalizing our business districts and public spaces.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $137,151 | $238,896 | ▲ $101,745 |
| Cash and Non-Interest-Bearing Accounts | $85,608 | $35,043 | ▼ $50,565 |
| Total Assets | $223,859 | $275,039 | ▲ $51,180 |
| Other Assets Total | $1,100 | $1,100 | → $0 |
| Liabilities | |||
| Other Liabilities | $30,400 | $10,907 | ▼ $19,493 |
| Deferred Revenue | $8,875 | $5,375 | ▼ $3,500 |
| Total Liabilities | $39,275 | $16,282 | ▼ $22,993 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $184,584 | $258,757 | ▲ $74,173 |
| Total Net Assets Fund Balance | $184,584 | $258,757 | ▲ $74,173 |
| Total Liabilities and Net Assets / Fund Balance | $223,859 | $275,039 | ▲ $51,180 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Jeanne Angell | Executive Di | PT | $49,982 | $49,982 |
Board Members and Trustees
| Name | Title |
|---|---|
| Jonathan Druhan | President |
| Angela Serensky | Board Member |
| Angelo Capuzzi | Board Member |
| Caroline Finnegan | Board Member |
| Cathy Carroll | Board Member |
| Colette Bannan | Board Member |
| Donald Kelly | Board Member |
| George Lavin | Board Member |
| Jenn Bazydlo | Board Member |
| Melissa Shaw | Board Member |
| Christine Faris | Secretary |
| Walter Mcmahon | Treasurer |
| Derek Koffel | Vice Preside |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $102,518
- Program Service Revenue
- $142,905
- Investment Income
- $7,748
- Other Revenue
- $32,249
- All Other Contributions
- $46,274
- Change in Net Assets
- $74,173
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $111,207 |
| Salaries, Compensation, and Employee Benefits | $100,040 |
| Total Fundraising Expense | $10,004 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | $37,487 | $7,497 | $4,998 | $49,982 |
| Other Salaries and Wages | $31,755 | $6,351 | $4,234 | $42,340 |
| All Other Expenses | $8,800 | $18,893 | - | $27,693 |
| Other Expenses | $10,251 | $10,693 | - | $10,251 |
| Payroll Taxes | $5,788 | $1,158 | $772 | $7,718 |
| Fees for Services Legal | - | $4,320 | - | $4,320 |
| Fees for Services Accounting | - | $2,500 | - | $2,500 |
| Office Expenses | - | $161 | - | $161 |
| Total Functional Expenses | $149,670 | $51,573 | $10,004 | $211,247 |
Fundraising, Events, and Gaming
- Fundraising activities
- Yes
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $37,759 |
| Fundraising Direct Expenses | $5,510 |
| Professional Fundraising Fees | $0 |
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Havertown Holid | $23,986 | $23,986 | $3,621 | $20,365 |
| Haverfood Festi | $13,773 | $13,773 | $1,889 | $11,884 |
| Total Events | $37,759 | $37,759 | $5,510 | $32,249 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Deferred/prepaid Haverford Twp Rev | $6,889 |
| Credit Card Payable | $4,018 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- 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
- Yes
- 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 4
“Organization filed articles of amendment with the state of pa, creating additional provisions. Amendments not considered material. Copy is attached.”
Form 990, Page 6, Part VI, Line 11B
“Key matters are discussed with all board members. The president and treasurer review all sections and line items prior to submission.”
Form 990, Page 6, Part VI, Line 12C
“Disclosure is required in writing, on an annual basis or as a situation arises, of competing interests that might prevent board members from acting in the best interest of discover haverford. Meetings include reminders to board and/or staff members of potential conflicts during discussions where such a conflict might be relevant. As applicable, removal from discussions, actions, votes or other activities in relation to the conflict may be necessary.”
Form 990, Page 6, Part VI, Line 15A
“The executive committee conducts an annual review of the executive director's compensation and any benefits during its regular budget planning process and makes a recommendation for the upcoming year. The recommendation will be based on a combination of regional comparability data for nonprofit executive director compensation and the organization's financial capabilities as determined through our annual and long-range budget planning processes. The recommended compensation and benefits are submitted to the full board along with the upcoming year's full budget for review and approval.”
Form 990, Page 6, Part VI, Line 15B
“N/A”
Form 990, Page 6, Part VI, Line 19
“Documents are made available upon request.”
Filing and Contact Details
Filer
- Filer Name
- Haverford Partnership for Economic
- EIN
- 27-2003423
- Phone
- 6109455822
- Address
- 412 DARBY ROAD, HAVERTOWN, PA 19083
Signing Officer
- Name
- Jonathan Druhan
- Title
- President
- Phone
- 6109455822
- Signed
- 2025-10-31
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Jonathan Druhan
- Formed
- 2010
- Legal Domicile
- Pa
- Voting Board Members
- 12
- Independent Board Members
- 12
- Employees
- 3
- Volunteers
- 170
Preparer
- Firm
- Rrc Accounting Services LLC
- Address
- 290 KING OF PRUSSIA RD BLDG 2 ST, RADNOR, PA 19087
- Preparer
- Walter S Mcmahon
- Phone
- 4842546800
Supplemental Narrative
Additional Explanations
FORM 990 - ORGANIZATION'S MISSION
“Discover haverford (hped)is a 501c3 nonprofit organization that facilitates government, businesses, commercial property owners and residents working together to promote economic growth throughout haverford township. Discover haverford boosts the local economy by supporting businesses, enhancing the image of haverford township, and revitalizing our business districts and public spaces.”
Form 990, Part IX, Line 24E
“Rent & utilities 0 8,787 0 conferences 4,770 0 0 insurance 0 3,390 0 meals 0 3,289 0 advertising and marketing 2,052 53 0 marketing/printing 1,978 0 0 bank service charge 0 896 0 other event 0 890 0 payroll service fee 0 754 0 dues and subs 0 724 0 business registration fee 0 110 0 total 8,800 18,893 0”
Raw XML AppendixShowing 400 of 426 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.
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|---|---|---|
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| IRS990/Desc | 0 | STREETSCAPE IMPROVEMENTS.DISCOVER HAVERFORD IS COMMITTED TO BEAUTIFYING OUR BUSINESS DISTRICTS AND PUBLIC SPACES WHICH INCLUDE INSTALLING PLANTERS, GARDENS AND WALKWAYS. WE ALSO DESIGN SIGNS TO CREATE A STRONGER SENSE OF PLACE AND IDENTITY. STREET AMENTITIES INCLUDING BENCHES AND TRASH CANS HAVE ALSO BEEN INSTALLED. |
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| IRS990/MissionDesc | 0 | DISCOVER HAVERFORD (HPED)IS A 501C3 NONPROFIT ORGANIZATION THAT FACILITATES GOVERNMENT, BUSINESSES, COMMERCIAL PROPERTY OWNERS AND RESIDENTS WORKING TOGETHER TO PROMOTE ECONOMIC GROWTH THROUGHOUT HAVERFORD TOWNSHIP. DISCOVER HAVERFORD BOOSTS THE LOCAL ECONOMY BY SUPPORTING BUSINESSES, ENHANCING THE IMAGE OF HAVERFORD TOWNSHIP, AND REVITALIZING OUR BUSINESS DISTRICTS AND PUBLIC SPACES. |
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| IRS990/OperateHospitalInd | 0 | false |
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| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 1100 |
| IRS990/OtherExpensesGrp/Desc | 0 | PLANTERS AND WATERING |
| IRS990/OtherExpensesGrp/Desc | 1 | BUSINESS PROMOTION EVENTS |
| IRS990/OtherExpensesGrp/Desc | 2 | OFFICE EXPENSE |
| IRS990/OtherExpensesGrp/Desc | 3 | BUSINESS DISTRICT ENHANCE |
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| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 7718 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrincipalOfficerNm | 0 | JONATHAN DRUHAN |
| IRS990/ProfessionalFundraisingInd | 0 | false |
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| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 236000 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | HAVERFORD TOWNSHIP |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | FACADE GRANT PROGRAM |
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| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | BUSINESS RECRUITMENT AND SUPPORT. CREATION OF BUSINESS RECRUITMENT PACKET, WORKSHOPS, WINDOW AND FACADE DESIGN CONSULTATIONS, MATCHING FACADE GRANTS, COMMUNICATION WITH BUSINESSES AND OTHER INTERESTED COMMUNITY MEMBERS ABOUT IMPORTANT ISSUES, PROJECTS AND PROGRAMS VIA MONTHLY NEWSLETTER, WEBSITE, FACEBOOK AND INSTAGRAM. PROVIDE NETWORKING OPPORTUNITIES AND ANNUAL AWARDS OF EXCELLENCE TO BUSINESSES FOR CIVIC ENGAGEMENT, FACADE IMPROVEMENTS, ETC. WE WORK WITH THE TOWNSHIP TO CREATE A SUPPORTIVE ENVIRONMENT FOR BUSINESSES. |
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| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 60245 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | BUSINESS PROMOTIONS. WE WORK TO RAISE PUBLIC AWARENESS ABOUT THE IMPORTANCE OF SUPPORTING OUR BUSINESSES THROUGH OUR NEWSLETTER, WEBSITE, SOCIAL MEDIA, SIGNAGE, AND A VARIETY OF PROGRAMS AND EVENTS. THESE INCLUDE AN ONLINE RESTAURANT GUIDE, BROCHURE OF BUSINESSES WHO OFFER SENIOR DISCOUNTS, HOSTING OF FESTIVALS AND EVENTS INCLUDING HAVERTOWN HOLIDAY FESTIVAL, SHOP SMALL SATURDAY, AND DINING CLUB. |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DEFERRED/PREPAID HAVERFORD TWP REV |
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| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DISCOVER HAVERFORD (HPED)IS A 501C3 NONPROFIT ORGANIZATION THAT FACILITATES GOVERNMENT, BUSINESSES, COMMERCIAL PROPERTY OWNERS AND RESIDENTS WORKING TOGETHER TO PROMOTE ECONOMIC GROWTH THROUGHOUT HAVERFORD TOWNSHIP. DISCOVER HAVERFORD BOOSTS THE LOCAL ECONOMY BY SUPPORTING BUSINESSES, ENHANCING THE IMAGE OF HAVERFORD TOWNSHIP, AND REVITALIZING OUR BUSINESS DISTRICTS AND PUBLIC SPACES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ORGANIZATION FILED ARTICLES OF AMENDMENT WITH THE STATE OF PA, CREATING ADDITIONAL PROVISIONS. AMENDMENTS NOT CONSIDERED MATERIAL. COPY IS ATTACHED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | KEY MATTERS ARE DISCUSSED WITH ALL BOARD MEMBERS. THE PRESIDENT AND TREASURER REVIEW ALL SECTIONS AND LINE ITEMS PRIOR TO SUBMISSION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DISCLOSURE IS REQUIRED IN WRITING, ON AN ANNUAL BASIS OR AS A SITUATION ARISES, OF COMPETING INTERESTS THAT MIGHT PREVENT BOARD MEMBERS FROM ACTING IN THE BEST INTEREST OF DISCOVER HAVERFORD. MEETINGS INCLUDE REMINDERS TO BOARD AND/OR STAFF MEMBERS OF POTENTIAL CONFLICTS DURING DISCUSSIONS WHERE SUCH A CONFLICT MIGHT BE RELEVANT. AS APPLICABLE, REMOVAL FROM DISCUSSIONS, ACTIONS, VOTES OR OTHER ACTIVITIES IN RELATION TO THE CONFLICT MAY BE NECESSARY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE EXECUTIVE COMMITTEE CONDUCTS AN ANNUAL REVIEW OF THE EXECUTIVE DIRECTOR'S COMPENSATION AND ANY BENEFITS DURING ITS REGULAR BUDGET PLANNING PROCESS AND MAKES A RECOMMENDATION FOR THE UPCOMING YEAR. THE RECOMMENDATION WILL BE BASED ON A COMBINATION OF REGIONAL COMPARABILITY DATA FOR NONPROFIT EXECUTIVE DIRECTOR COMPENSATION AND THE ORGANIZATION'S FINANCIAL CAPABILITIES AS DETERMINED THROUGH OUR ANNUAL AND LONG-RANGE BUDGET PLANNING PROCESSES. THE RECOMMENDED COMPENSATION AND BENEFITS ARE SUBMITTED TO THE FULL BOARD ALONG WITH THE UPCOMING YEAR'S FULL BUDGET FOR REVIEW AND APPROVAL. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | RENT & UTILITIES 0 8,787 0 CONFERENCES 4,770 0 0 INSURANCE 0 3,390 0 MEALS 0 3,289 0 ADVERTISING AND MARKETING 2,052 53 0 MARKETING/PRINTING 1,978 0 0 BANK SERVICE CHARGE 0 896 0 OTHER EVENT 0 890 0 PAYROLL SERVICE FEE 0 754 0 DUES AND SUBS 0 724 0 BUSINESS REGISTRATION FEE 0 110 0 TOTAL 8,800 18,893 0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 4 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART IX, LINE 24E |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JONATHAN DRUHAN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
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