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

501(c)(3) charity; gifts are tax-deductible.
54¢ of each $1 spent went to programs.
Run by 100 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $52K a year · 29% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
54%
of spending
Worth a look: 54% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$66K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
28 mo
of spending, in cash
Looks good: 28.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$283K
49% of total assets
Looks good: liabilities are 49% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$296K
+60% vs prior year
Spent
$237K
To programs
54%
Net assets
$299K
By yearFY2020–FY2024
Revenue
$296K
FY2024▲ +60%
Tap a bar for its year
Revenue by fiscal year
FY2020$80K
FY2021$223K
FY2022$125K
FY2023$186K
FY2024$296K
Expenses
$237K
FY2024▲ +107%
Tap a bar for its year
Expenses by fiscal year
FY2020$94K
FY2021$96K
FY2022$109K
FY2023$114K
FY2024$237K
Net assets
$299K
FY2024▲ +25%
Tap a bar for its year
Net assets by fiscal year
FY2020$25K
FY2021$152K
FY2022$168K
FY2023$239K
FY2024$299K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

54 cents of each dollar spent went to programs.

Program services 54% · $127K Management & general 45% · $107K Fundraising 1% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $66K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$65,531Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Emily Allen’s $66K as Executive Director is at the 60th percentile of top reported officer pay among 2215 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Rebecca L Branle—$67,505$65,646$25,962—
Emily Allen$65,531————
Holly Dekarske————$65,392

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Venture Lititzinc executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Revitalizes and supports downtown Lititz businesses to foster economic growth.

Questions for Venture Lititzinc

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Provided by the organization

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2 programs · $127K · in their own filed words · FY2024
01

Business 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.

$116Kprogram expense
02

The 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.

$11Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$296K
Ln 12
Fees for servicesLn 2g$146K
Other incomeLn 4–11$101K
Gifts and grantsLn 1h$44K
Money outPt IX
$237K
Ln 25
Programscol B$127K
Managementcol C$107K
Fundraisingcol D$3K
Owns and owesPt X
$299K
net assets · Ln 32
Cash and savingsLn 1–2$553K
Total assetsLn 16$582K
LiabilitiesLn 26$283K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$44K
Fees for servicesLn 2g$146K
Investment incomeLn 3$6K
Other incomeLn 4–11$101K
Total revenueLn 12$296K
Assets in detailPt X, end of year
CashLn 1$427K
SavingsLn 2$127K
Cash and savings togetherLn 1–2$553K
Total assetsLn 16$582K
LiabilitiesLn 26$283K
Net assetsLn 32$299K
OperationsPt I, VI
EmployeesI 52
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$469K$553K
Total assetsLn 16$494K$582K
LiabilitiesLn 26$255K$283K
Net assetsLn 32$239K$299K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$66K$66K
Other salaries and wagesLn 7$10K$10K
Payroll taxesLn 10$6K$6K
Accounting feesLn 11c$5K$5K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$4K$4K
Information technologyLn 14$6K$6K
TravelLn 17$1K$1K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$131K$127K$925$3K
All other expensesLn 24e$150$150
Total functional expensesLn 25$237K$127K$107K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $296K$237K$60K$299K 990 PDF
FY2023 $186K$114K$72K$239K 990 PDF
FY2022 $125K$109K$16K$168K 990 PDF
FY2021 $223K$96K$127K$152K 990 PDF
FY2020 $80K$94K−$14K$25K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $296,445 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $45,769$43,707
I-9 Program service revenuePrior year $0$146,307
I-10 Investment incomePrior year $6,605$5,864
I-11 Other revenuePrior year $133,379$100,567
I-12 Total revenuePrior year $185,753$296,445
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $72,956$81,068
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $41,125$155,568
I-18 Total expensesPrior year $114,081$236,636
I-19 Revenue less expensesPrior year $71,672$59,809
Part VI · Governance 10 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $296,445 across 7 lines filed
VIII-1f All other contributions, gifts and grants$43,707
VIII-1h Total contributions, gifts and grants$43,707
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $146,307$146,307
VIII-3 Investment incomeExcluded from tax $5,864$5,864
VIII-8 Net income from fundraising eventsExcluded from tax $100,088$100,088
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $479$479
VIII-12 Total revenueRelated to mission $146,786 · Unrelated business $0 · Excluded from tax $105,952$296,445
Part IX · Statement of functional expenses $236,636 across 11 lines filed
IX-5 Pay of current officers, directors and key staffManagement $65,531$65,531
IX-7 Other salaries and wagesManagement $9,776$9,776
IX-10 Payroll taxesManagement $5,761$5,761
IX-11c Accounting feesManagement $4,670$4,670
IX-12 Advertising and promotionManagement $3,895$3,895
IX-13 Office expensesManagement $4,211$4,211
IX-14 Information technologyManagement $6,484$6,484
IX-17 TravelManagement $1,476$1,476
IX-23 InsuranceManagement $3,720$3,720
IX-24 Other expenses (24a–d)Programs $127,107 · Management $925 · Fundraising $2,930$130,962
IX-24e All other expensesManagement $150$150
IX-25 Total functional expensesPrograms $127,107 · Management $106,599 · Fundraising $2,930$236,636
Part X · Balance sheet $582,014 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $352,565$426,523
X-2 Savings and temporary cash investmentsStart of year $116,143$126,866
X-9 Prepaid expenses and deferred chargesStart of year $25,152$28,625
X-16 Total assetsStart of year $493,860$582,014
X-17 Accounts payable and accrued expensesStart of year $5,209$6,108
X-19 Deferred revenueStart of year $139,622$162,618
X-25 Other liabilitiesStart of year $109,790$114,240
X-26 Total liabilitiesStart of year $254,621$282,966
X-27 Net assets without donor restrictionsStart of year $232,501$293,896
X-28 Net assets with donor restrictionsStart of year $6,738$5,152
X-32 Total net assets or fund balancesStart of year $239,239$299,048
X-33 Total liabilities and net assetsStart of year $493,860$582,014
Part XI · Reconciliation of net assets $299,048 net assets at year end
XI-1 Total revenue$296,445
XI-2 Total expenses$236,636
XI-3 Revenue less expenses$59,809
XI-4 Net assets at start of year$239,239
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$299,048

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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