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

501(c)(3) charity; gifts are tax-deductible.
12¢ of each $1 spent went to programs.
$68K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
12%
of spending
Concern: 12% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$68K
to officers and key staff · 59% of spending
Concern: pay to officers and key staff is 59% of spending; over 30%.
Pt VII · Sec A
49 mo
of spending, in cash
Looks good: 49.3 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
$255K
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$186K
+49% vs prior year
Spent
$114K
To programs
12%
Net assets
$239K
By yearFY2020–FY2024
Revenue
$186K
FY2023▲ +49%
Tap a bar for its year
Revenue by fiscal year
FY2020$80K
FY2021$223K
FY2022$125K
FY2023$186K
FY2024$296K
Expenses
$114K
FY2023▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$94K
FY2021$96K
FY2022$109K
FY2023$114K
FY2024$237K
Net assets
$239K
FY2023▲ +43%
Tap a bar for its year
Net assets by fiscal year
FY2020$25K
FY2021$152K
FY2022$168K
FY2023$239K
FY2024$299K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

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

12 cents of each dollar spent went to programs.

Program services 12% · $14K Management & general 87% · $99K Fundraising 1% · $1K

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

12 people listed on the 990; $68K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$67,505Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$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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Your first name shows with your question. Venture Lititzinc answers here, for everyone.

Provided by the organization

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2 programs · $14K · in their own filed words · FY2023
01

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.

$10Kprogram expense
02

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.

$5Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$186K
Ln 12
Other incomeLn 4–11$133K
Gifts and grantsLn 1h$46K
Investment incomeLn 3$7K
Money outPt IX
$114K
Ln 25
Programscol B$14K
Managementcol C$99K
Fundraisingcol D$1K
Owns and owesPt X
$239K
net assets · Ln 32
Cash and savingsLn 1–2$469K
Total assetsLn 16$494K
LiabilitiesLn 26$255K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$46K
Investment incomeLn 3$7K
Other incomeLn 4–11$133K
Total revenueLn 12$186K
Assets in detailPt X, end of year
CashLn 1$353K
SavingsLn 2$116K
Cash and savings togetherLn 1–2$469K
Total assetsLn 16$494K
LiabilitiesLn 26$255K
Net assetsLn 32$239K
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 FY23End FY23
Cash and savingsLn 1–2$321K$469K
Total assetsLn 16$334K$494K
LiabilitiesLn 26$166K$255K
Net assetsLn 32$168K$239K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$68K$68K
Payroll taxesLn 10$5K$5K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$3K$3K
Information technologyLn 14$10K$10K
TravelLn 17$933$933
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$16K$14K$1K
All other expensesLn 24e$1K$150$1K
Total functional expensesLn 25$114K$14K$99K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $296K$237K$60K$299K 990 PDF
FY2023 Viewing $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 FY2023 990 (6 parts)
Part I · Summary $185,753 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $55,751$45,769
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $18$6,605
I-11 Other revenuePrior year $68,896$133,379
I-12 Total revenuePrior year $124,665$185,753
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 $70,707$72,956
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $38,247$41,125
I-18 Total expensesPrior year $108,954$114,081
I-19 Revenue less expensesPrior year $15,711$71,672
Part VI · Governance 12 of 12 board members independent, 2 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $185,753 across 6 lines filed
VIII-1f All other contributions, gifts and grants$45,769
VIII-1h Total contributions, gifts and grants$45,769
VIII-3 Investment incomeExcluded from tax $6,605$6,605
VIII-8 Net income from fundraising eventsExcluded from tax $102,378$102,378
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $31,001$31,001
VIII-12 Total revenueRelated to mission $31,001 · Unrelated business $0 · Excluded from tax $108,983$185,753
Part IX · Statement of functional expenses $114,081 across 10 lines filed
IX-5 Pay of current officers, directors and key staffManagement $67,505$67,505
IX-10 Payroll taxesManagement $5,451$5,451
IX-11c Accounting feesManagement $4,080$4,080
IX-12 Advertising and promotionManagement $3,568$3,568
IX-13 Office expensesManagement $2,516$2,516
IX-14 Information technologyManagement $10,193$10,193
IX-17 TravelManagement $933$933
IX-23 InsuranceManagement $2,936$2,936
IX-24 Other expenses (24a–d)Programs $14,193 · Management $1,425$15,618
IX-24e All other expensesManagement $150 · Fundraising $1,131$1,281
IX-25 Total functional expensesPrograms $14,193 · Management $98,757 · Fundraising $1,131$114,081
Part X · Balance sheet $493,860 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $219,653$352,565
X-2 Savings and temporary cash investmentsStart of year $101,410$116,143
X-9 Prepaid expenses and deferred chargesStart of year $12,625$25,152
X-16 Total assetsStart of year $333,688$493,860
X-17 Accounts payable and accrued expensesStart of year $5,967$5,209
X-19 Deferred revenueStart of year $61,900$139,622
X-25 Other liabilitiesStart of year $98,254$109,790
X-26 Total liabilitiesStart of year $166,121$254,621
X-27 Net assets without donor restrictionsStart of year $162,204$232,501
X-28 Net assets with donor restrictionsStart of year $5,363$6,738
X-32 Total net assets or fund balancesStart of year $167,567$239,239
X-33 Total liabilities and net assetsStart of year $333,688$493,860
Part XI · Reconciliation of net assets $239,239 net assets at year end
XI-1 Total revenue$185,753
XI-2 Total expenses$114,081
XI-3 Revenue less expenses$71,672
XI-4 Net assets at start of year$167,567
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$239,239

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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