Venture Lititzinc EIN 20-3826812 Form 990 (PDF) Claim this org

Venture Lititzinc

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Revitalizes and supports downtown Lititz businesses to foster economic growth. For fiscal year 2024 it reported $296K in revenue, $237K in expenses, and $299K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Lititz, PA
Website
www.venturelititz.com
Filings
5 on file (2020–2024)
Revenue
$296KFY2024
Expenses
$237K
Net assets
$299K
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-3826812 Public charity (501(c)(3)) Lititz, PA
Form 990 (PDF)
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Size
$100K–1M
What they do
Revitalizes and supports downtown Lititz businesses to foster economic growth.
Leadership
Emily Allen · Executive Director · $66K
Money in and out
$296K revenue, $237K expenses
Bottom line
54% program efficiency
Where the money goes · FY2024
Total revenue
$296K
Pt VIII · Ln 12
Total expenses
$237K
Pt IX · Ln 25
Net assets
$299K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $60K
Where spending went · Part IX cols B–D
Program services $0.54 Management & general $0.45 Fundraising $0.01
Program efficiency
54%
of spending reaches programs▲ +332% vs prior filing year
Operating runway
28.1mo
months of highly liquid reserves at operating expense rate▼ -43% vs prior filing year
Surplus margin
+20%
revenue over expenses, this year▼ -48% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$296K
FY2024▲ +60%
Expenses
$237K
FY2024▲ +107%
Total assets
$582K
FY2024▲ +18%
Total liabilities
$283K
FY2024▲ +11%
Total revenue
$296K
Pt VIII · Ln 12
Total expenses
$237K
Pt IX · Ln 25
Net assets
$299K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$60K
Total assetsPt X · Ln 16$582K
Program-expense ratioPt IX · col B54%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

2 program services account for $127K of program spending, described in the organization's 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

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CVenture Lititzinc
EINHdr · item D20-3826812
Principal addressHdr · item CLititz, PA
WebsiteHdr · item Jwww.venturelititz.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A20)
Ruling yearIRS BMFNov 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

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 2212 $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.

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Statement of Revenue

Part VIII
Program service revenue$146K · 49%
Other revenue$101K · 34%
Contributions & grants$44K · 15%
Investment income$6K · 2%
Program service revenue49%$146K
Other revenue34%$101K
Contributions & grants15%$44K
Investment income2%$6K
Total revenueLn 12$296K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.54 Management & general $0.45 Fundraising $0.01
Program services54%$127K
Management & general45%$107K
Fundraising1%$3K
Total functional expensesLn 25$237K

Balance Sheet

Part X · end of year
CashLn 1$553K
Total assetsLn 16$582K
Total liabilitiesLn 26$283K
Total net assetsLn 32$299K
Months of cash on handcomputed28.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $553K · Operating expenses/yr $237K
28.1 months
Where the money goes
Program services
Program services $127K · Total expenses $237K
54%
Management & General
Management & general $107K · Total expenses $237K
45%
Fundraising
Fundraising $3K · Total expenses $237K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $48K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $44K · Total revenue $296K
15%
Government reliance
Government grants — · Total revenue $296K
Earned-income share
Program service revenue $146K · Total revenue $296K
49%
Investment reliance
Investment income $6K · Total revenue $296K
+2%
Program self-sufficiency
Program service revenue $146K · Total expenses $237K
62%
Growth & trend
Revenue growth (YoY)
This year $296K · Prior year $186K
+60%
Revenue CAGR
FY2020 $80K · FY2024 $296K
+39%
Net-asset trend (YoY)
End of year $299K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $296K · Expenses $237K
+20%
Liabilities-to-Assets
Total liabilities — · Total assets $582K
Net-asset ratio
Net assets $299K · Total assets $582K
51%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $582K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Emily Allen · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $66K · Total expenses $237K
28%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $81K · Total expenses $237K
34%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 54%
Overhead ratio 45%
Fundraising cost ratio 7%
Revenue growth 60%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

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

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$296K revenue · viewing · ⤓ 990 PDF
FY2023$186K revenue · ⤓ 990 PDF
FY2022$125K revenue · ⤓ 990 PDF
FY2021$223K revenue · ⤓ 990 PDF
FY2020$80K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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