BEN FRANKLIN TECHNOLOGY CENTER OF SOUTHEASTERN PENNSYLVANIA: Form 990, tax year 2020
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- Organization
- BEN FRANKLIN TECHNOLOGY CENTER OF SOUTHEASTERN PENNSYLVANIA (EIN 23-2527210)
- Tax period
- 2020-07-01 to 2021-06-30
- Filed
- 2022-05-12
- IRS object ID
- 202241329349303854
- Schema version
- 2020v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-05-12T11:32:07-05:00 | ReturnTs |
| Tax Period End | 2021-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 871353108 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EISNER ADVISORY GROUP LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 130 NORTH 18TH STREET SUITE 3000 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 191032757 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 232527210 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BEN FRANKLIN TECHNOLOGY PTRS OF SE PA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BENF | BusinessNameControlTxt |
| Phone | 2159726700 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4800 S 13TH ST-BLDG100 NO 200 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19112 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SCOTT NISSENBAUM | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 2159726700 | PhoneNum |
| Signature | 2022-05-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | SCOTT | PersonFirstNm |
| Person Last | NISSENBAUM | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | HELEN M MARTIN | PreparerPersonNm |
| PTIN | P01330899 | PTIN |
| Phone | 2158818800 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SCOTT NISSENBAUM | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4800 S 13TH ST-BLDG100 NO 200 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19112 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $15,746,170 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.SEP.BENFRANKLIN.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1988 | FormationYr |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Activity Or Mission | BEN FRANKLIN STIMULATES ECONOMIC GROWTH AND INNOVATION IN THE REGION (SEE SCHEDULE O FOR CONTINUATION) THROUGH INITIATIVES AND PARTNERSHIPS THAT ACCELERATE THE DEVELOPMENT OF NEW TECHNOLOGIES AND THEIR COMMERCIALIZATION PRIMARILY THROUGH INVESTMENTS IN AND SUPPORT OF TECHNOLOGY-BASED ENTERPRISES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 22 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 21 | VotingMembersIndependentCnt |
| Total Employee | 36 | TotalEmployeeCnt |
| Total Volunteers | 100 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $3,278,317 | PYContributionsGrantsAmt |
| CY Contributions Grants | $5,130,220 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $2,707,123 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $2,648,948 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,863,042 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,639,761 | CYInvestmentIncomeAmt |
| PY Other Revenue | $273,318 | PYOtherRevenueAmt |
| CY Other Revenue | -$56,434 | CYOtherRevenueAmt |
| PY Total Revenue | $8,121,800 | PYTotalRevenueAmt |
| CY Total Revenue | $9,362,495 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $119,997 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $25,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $4,780,409 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $5,743,993 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $4,750,173 | PYOtherExpensesAmt |
| CY Other Expenses | $2,774,313 | CYOtherExpensesAmt |
| PY Total Expenses | $9,650,579 | PYTotalExpensesAmt |
| CY Total Expenses | $8,543,306 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,528,779 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $819,189 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $94,236,953 | TotalAssetsBOYAmt |
| Total Assets EOY | $114,107,980 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $12,952,469 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $16,097,885 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $81,284,484 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $98,010,095 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | BEN FRANKLIN IS THE REGION'S PARTNER WITH A PURPOSE. WE STIMULATE ENTREPRENEURIAL POTENTIAL, ECONOMIC GROWTH AND INNOVATION IN GREATER PHILADELPHIA BY PROVIDING THE CAPITAL, COUNSEL, AND CONNECTIONS THAT ACCELERATE THE FORMATION AND GROWTH OF BOTH TECHNOLOGY DRIVEN ENTERPRISES AND PARTNERSHIPS THAT CREATE SUSTAINABLE EMPLOYMENT OPPORTUNITIES AND SPUR THE DEVELOPMENT, COMMERCIALIZATION AND ADOPTION OF ADVANCED TECHNOLOGIES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $2,817,519 | ExpenseAmt |
| Revenue | $2,648,948 | RevenueAmt |
| Desc | CAPITAL INVESTMENT, BUSINESS, AND TECHNICAL ASSISTANCE: BEN FRANKLIN TECHNOLOGY PARTNERS OF SOUTHEASTERN PENNSYLVANIA IS A PUBLIC/PRIVATE PARTNERSHIP WHOSE MISSION IS TO DRIVE ECONOMIC GROWTH AND JOB CREATION THROUGH TECHNOLOGY, INNOVATION, AND ENTREPRENEURSHIP. WE ARE PARTNERS WITH A PURPOSE.SINCE 1982, BEN FRANKLIN HAS SEEDED AND SUPPORTED ENTREPRENEURS AND INNOVATORS AS THE INVESTOR OF FIRST RESORT FOR GROWING TECHNOLOGY ENTERPRISES; PROVIDING THE CAPITAL, BUSINESS, AND TECHNICAL EXPERTISE TO HELP THEM ACHIEVE THEIR VISIONS. BEN FRANKLIN PROVIDES EARLY-STAGE COMPANIES CUSTOMIZED, (CONTINUED ON SCHEDULE O, PAGE 41)ONE-ON-ONE REAL-WORLD KNOWLEDGE IN PRODUCT DEVELOPMENT AND COMMERCIALIZATION, MARKETING, FUNDRAISING, ACCOUNTING, OPERATIONS, HUMAN RESOURCES, AND MORE, GIVING ACCESS TO ITS WIDE RANGE OF MENTORING, BUSINESS, AND TECHNOLOGY DEVELOPMENT SERVICES AND ITS EVER-EXPANDING NETWORK OF ADVISORS AND PARTNERS. DURING THE FISCAL YEAR 2021, BEN FRANKLIN COMMITTED $7,055,000 IN DIRECT INVESTMENTS AND DISBURSED $4,255,001 TO 34 COMPANIES. THE FAIR VALUE OF TOTAL COMPANY INVESTMENTS OF APPROX. $70,048,713 REFLECTED ON THE BALANCE SHEET. THE $2,136,776 EXPENSES IN THIS CATEGORY REPRESENT BUSINESS AND TECHNICAL ASSISTANCE PROVIDED TO THOSE EXISTING AND OTHER REGIONAL TECHNOLOGY-BASED COMPANIES WHO ARE PROSPECTIVE CLIENTS. SERVICES PROVIDED INCLUDE MENTORING, NETWORKING, TECHNICAL ASSISTANCE AND A FULL RANGE OF ENTREPRENEURIAL SUPPORT AND DIRECT ASSISTANCE DESIGNED TO HELP COMPANIES REACH TARGETED MILESTONES AND ACCELERATE THEIR PATH TO COMMERCIAL SUCCESS.FROM 2001 THROUGH 2021, BEN FRANKLIN HAS COMMITTED OVER $125 MILLION AND FUNDED AT LEAST 443 EARLY-STAGE COMPANIES. IN ADDITION, OUR CLIENTS HAVE RAISED MORE THAN $ 3.1 BILLION IN FOLLOW ON FUNDING. OUR CURRENT PORTFOLIO SPANS 202 REGIONAL ENTERPRISES. WE HAVE INVESTED CAPITAL OR OTHER RESOURCES IN MANY REGIONAL SEED FUNDS, ANGEL GROUPS AND ACCELERATORS. SOME OF THESE INITIATIVES INCLUDE EMERALD STAGE 2 VENTURES, RITTENHOUSE VENTURES, SEVENTY-SIX CAPITAL, BIOADVANCE VENTURES, DREAMIT VENTURES, MINORITY ANGEL INVESTOR NETWORK, AND MID-ATLANTIC ANGEL GROUP I & II. OUR PORTFOLIO OF COMPANIES HAS CREATED OR RETAINED AT LEAST 5,500 HIGH TECH JOBS IN THE REGION. BEN FRANKLIN ALSO MAINTAINS A ROBUST PARTNERSHIP WITH THE AREA IN WHICH UNIVERSITIES ARE LEVERAGING OVER $519.8 MILLION IN FUNDING TO THE REGION. TECHNOLOGY & ENTREPRENEURIAL INFRASTRUCTURE: BEN FRANKLIN'S MISSION IS TO IMPROVE THE REGION'S ECONOMY THROUGH THE DEVELOPMENT AND SUPPORT OF INFRASTRUCTURE FOR INNOVATION, INCLUDES WORK TO IDENTIFY SEED AND GROW REGIONAL RESOURCES THAT CATALYZE AND DEVELOP REGIONAL TECHNOLOGY ASSETS THAT CAN BECOME PLATFORMS FOR NEW ENTERPRISE GROWTH AND PROVIDE OPPORTUNITIES TO RETAIN AND ATTRACT TALENT. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,375,672 | ExpenseAmt |
| Grant | $25,000 | GrantAmt |
| Desc | TECHNOLOGY & ENTREPRENEURIAL INFRASTRUCTURE:BEN FRANKLIN LEADS AND PARTNERS IN THE FORMATION OF UNIVERSITY-INDUSTRY COMMERCIALIZATION MODELS; IDENTIFIES AND SUPPORTS COMMERCIALIZATION ACCELERATION ENGAGEMENTS BETWEEN TECHNOLOGY DEVELOPMENT RESOURCES AND EMERGING ENTERPRISES; PROVIDES SUPPORT AND/OR MANAGES REGIONAL INCUBATORS AND ACCELERATORS; ENDORSES THE PUBLICATION OF CAPITAL AND TECHNOLOGY REPORTS; ENGAGES IN EFFORTS TO STIMULATE COMPANY FORMATION AMONG WOMEN AND MINORITIES; IS ACTIVE IN THE REGION'S IMPACT INVESTMENT COMMUNITY; AND PARTNERS TO CREATE AN ENVIRONMENT OF INFORMATION EXCHANGE AND INTERACTION VIA SEMINARS AND EVENTS. THE $1,921,766 OF EXPENSES IN THIS CATEGORY (CONTINUED ON SCHEDULE O, PAGE 42)IS RESOURCED FROM FEDERAL, STATE, AND FOUNDATION GRANTS.FORMED BY BEN FRANKLIN AND EPAM, A LEADING GLOBAL PRODUCT DEVELOPMENT AND DIGITAL PLATFORM ENGINEERING SERVICES COMPANY, THE GLOBAL OPPORTUNITY PHILADELPHIA FUND (GO PHILLY FUND) FACILITATES INVESTOR PARTICIPATION IN THE BURGEONING OPPORTUNITY WITHIN GREATER PHILADELPHIA'S TECHNOLOGY-BASED VENTURES. GO PHILLY FUND PROVIDES CAPITAL FOR EARLY-STAGE TECHNOLOGY COMPANIES PRIMARILY IN THE GREATER PHILADELPHIA REGION (WHICH INCLUDES THE CITY OF PHILADELPHIA, BUCKS, CHESTER, DELAWARE AND MONTGOMERY COUNTIES). THE FUND INVESTS SIDE BY SIDE WITH BEN FRANKLIN IN EARLY-STAGE COMPANIES THAT PASS BEN FRANKLIN'S COMPREHENSIVE DUE DILIGENCE PROCESS, SUPPORTING THE GROWTH OF ENTERPRISES THAT BUILD THE COMMUNITY OF INNOVATION IN GREATER PHILADELPHIA. IN SPRING 2020, BEN FRANKLIN ANNOUNCED FORMATION OF THE SAVE OUR STARTUPS INITIATIVE (SOS), TO QUICKLY DEPLOY MORE THAN $2 MILLION IN THE PHILADELPHIA REGION'S EARLY-STAGE INNOVATION COMPANIES AFFECTED BY THE COVID-19 PANDEMIC. WITH $1 MILLION IN NEW CAPITAL COMMITTED BY THE PENNSYLVANIA DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT (DCED), $1 MILLION FROM BEN FRANKLIN, AND ADDITIONAL CAPITAL BEING RAISED FROM OTHER ORGANIZATIONS, SOS DEVOTED 100% OF THIS CAPITAL TO STARTUP COMPANIES IN OUR FIVE-COUNTY REGION OF PHILADELPHIA, BUCKS, CHESTER, DELAWARE, AND MONTGOMERY COUNTIES. SOS SUPPORTED COMPANIES UNABLE TO ACCESS FUNDING THROUGH THE RECENT BUSINESS SUPPORT CHANNELS, WHOSE STRUCTURES OFTEN DO NOT SUPPORT EARLY-STAGE INNOVATION-FOCUSED FIRMS.TO INCREASE THE PHILADELPHIA REGION'S SUPPORT AND DEVELOPMENT OF COMPANIES LED BY UNDERREPRESENTED FOUNDERS, BEN FRANKLIN COMMITTED A GRANT OF $150,000 FOR PHILLY STARTUP LEADERS' (PSL) FOUNDED IN PHILLY ACCELERATOR, ALONG WITH A COMMITMENT OF BEN FRANKLIN'S STAFF TIME, NETWORK, AND OTHER SUPPORT RESOURCES. THE COMMITMENT SUPPLEMENTED GRANTS FROM THE CITY OF PHILADELPHIA AND ECOMMERCE RETAILER GOPUFF. PSL WILL UTILIZE BEN FRANKLIN'S GRANT TO DEVELOP AND SUPPORT EMERGING TECHNOLOGY COMPANIES LED BY UNDERREPRESENTED FOUNDERS, TO FURTHER DEVELOP THE REGION'S PIPELINE OF HIGH-GROWTH INVESTMENT OPPORTUNITIES. AS A RESULT OF THE RESEARCH AND ANALYSIS BY THE ECONOMY LEAGUE OF GREATERPHILADELPHIA AND BEN FRANKLIN, IMPACTPHL WAS FORMED TO JUMP-START THE STRATEGY FOR GROWING PHILADELPHIA'S IMPACT ECONOMY. IMPACTPHL IS AN ALLIANCE OF ORGANIZATIONS AND INSTITUTIONS THAT BRING TOGETHER DOLLARS, TIME, AND LEADERSHIP TO ADVANCE GREATER PHILADELPHIA'S IMPACT ECONOMY ECOSYSTEM. IMPACTPHL WORKS TO ESTABLISH A WELCOMING FRONT DOOR FOR THOSE SEEKING TO PARTICIPATE IN THE REGIONAL IMPACT ECONOMY. IMPACTPHL VENTURES IS A $15 MILLION COLLABORATIVE TO GROW EARLY-STAGE TECHNOLOGY COMPANIES FOCUSED ON SOCIAL, ENVIRONMENTAL, AND HEALTH-FOCUSED IMPACT IN GREATER PHILADELPHIA. LED BY BEN FRANKLIN, ITS INITIAL PARTNERS INCLUDE SPRING POINT PARTNERS, INVESTOR'S CIRCLE, DREXEL UNIVERSITY, TEMPLE UNIVERSITY, INDEPENDENCE HEALTH GROUP, AND THE BUCKS COUNTY RETIREMENT BOARD. FORMED THROUGH THE SUPPORT OF FUNDING FROM A U.S. ECONOMIC DEVELOPMENT ADMINISTRATION GRANT TO BEN FRANKLIN IN 2016, IMPACTPHL VENTURES' UNIQUE MODEL UNITES EXISTING IMPACT INVESTORS WITH OTHER SEASONED INVESTORS THAT ARE NOW INCORPORATING SOCIAL OUTCOMES INTO THEIR INVESTMENT PERFORMANCE CRITERIA. BEN FRANKLIN PARTNERED WITH THE CITY OF PHILADELPHIA'S DEPARTMENT OF COMMERCE AND PIDC AS THE INVESTMENT FUND MANAGER FOR STARTUPPHL SEED FUND II. THE FUND TARGETS INVESTMENTS AVERAGING $150,000 - $200,000 IN SEED AND EARLY-STAGE TECHNOLOGY COMPANIES IN PHILADELPHIA. WITH A TARGET OF $5 MILLION, THE INVESTMENT FUND BRINGS NEEDED CAPITAL TO PHILADELPHIA STARTUPS.THE DIGITAL HEALTH SEED FUNDING INITIATIVE IS A PARTNERSHIP BETWEEN BEN FRANKLIN AND INDEPENDENCE HEALTH GROUP TO FUEL PHILADELPHIA'S INNOVATIVE DIGITAL HEALTH ECOSYSTEM AND GROW TECHNOLOGY-DRIVEN, EARLY-STAGE HEALTHCARE STARTUPS. THE INITIATIVE WAS BORN AS A RESPONSE TO A BURGEONING ECONOMIC VITALITY IN DIGITAL HEALTH EACH INTEND TO PLEDGE $2 MILLION OVER FOUR YEARS TO LAUNCH THE FUNDING INITIATIVE AND WILL IDENTIFY, VET, AND ALLOCATE FUNDS TO AUGMENT THE PHILADELPHIA REGION'S CONTINUED GROWTH AND DEVELOPMENT IN DIGITAL HEALTH. STARTUP COMPANIES RECEIVE FUNDS BASED UPON THE QUALITY OF THEIR BUSINESS MODEL, THE TECHNOLOGY'S VIABILITY, AND THE STRENGTH OF THEIR MANAGEMENT TEAM. BEN FRANKLIN JOINED THE DVN BETA PROGRAM OF DRAPER VENTURE NETWORK, A SELF-GOVERNED ORGANIZATION OF GLOBAL INDEPENDENT VENTURE FUNDS. THE NETWORK LINKS SEED-STAGE FUNDS WITH DVN'S MORE EXTENSIVE NETWORK OF 17 INDEPENDENT VENTURE FUNDS AND MORE THAN 500 PORTFOLIO COMPANIES WORLDWIDE. THE PROGRAM BRINGS TOGETHER EXPERIENCED INVESTORS AND INNOVATIVE ENTREPRENEURS FROM ACROSS SECTORS AND CONTINENTS TO SHARE STRATEGIES, SOURCE OPPORTUNITIES, AND CREATE GREATER VALUE. THE FIRST MEETING PROGRAM HELPS ENTREPRENEURS DEVELOP RELATIONSHIPS WITH LOCAL AND NATIONAL INSTITUTIONAL INVESTORS AND CORPORATIONS. THE PROGRAM LEVERAGES THE STRENGTH OF BEN FRANKLIN'S CONNECTIONS TO FACILITATE KEY EARLY CONVERSATIONS WITH POTENTIAL SOURCES OF CAPITAL AND PARTNERSHIPS AND ENCOMPASSES TWO TRACKS: VC FIRST MEETING AND CORPORATE FIRST MEETING. VC FIRST MEETING PROMISES BEN FRANKLIN PORTFOLIO COMPANIES A MEETING WITH PARTICIPATING INVESTORS, WHOSE INVESTMENT CRITERIA THEY MEET. CORPORATE FIRST MEETING PROMISES COMPANIES TO ACCESS DECISION-MAKERS AT POTENTIAL CORPORATE PARTNERS ACTIVELY LOOKING FOR INNOVATIVE TECHNOLOGIES. FOR BOTH ITERATIONS OF FIRST MEETING, BEN FRANKLIN HAS DEVELOPED PARTNERSHIPS WITH PARTICIPATING INVESTORS AND CORPORATIONS TO ASSURE FACILITATION AND EFFICACY OF THESE CRITICAL EARLY CONVERSATIONS. IN LINE WITH BEN FRANKLIN'S MENTORING EFFORTS, FIRST MEETING SUPPORTS ENTREPRENEURS WITH STRATEGIC, ACTIONABLE GUIDANCE FOR FUNDING OPPORTUNITIES AND CORPORATE COLLABORATION. MENTOR CONNECT, A PROGRAM PROVIDING FOUNDERS AND LEADERS OF EMERGING COMPANIES WITH COACHING, CONNECTIONS, AND TOOLS TO SUCCESSFULLY GROW THEIR BUSINESSES, BRINGS THE EXPERIENCE OF A CURATED TEAM OF LEADERS AND EXPERTS TO THE ENTREPRENEURS MOST READY TO GROW, ASSISTING IN THE DEVELOPMENT OF THEIR BUSINESS SKILLS. AS GUIDED BY THE PRINCIPLES AND STANDARDS OF MIT VENTURE MENTORING SERVICE, MENTORS DELIVER IMPARTIAL AND UNBIASED ADVICE BY A CODE OF ETHICS TO WHICH ALL MUST ADHERE. ENTREPRENEURS FROM THE PHILADELPHIA ALLIANCE FOR CAPITAL AND TECHNOLOGIES (PACT) AND BEN FRANKLIN NETWORKS RECEIVE PRACTICAL HANDS-ON ADVICE FROM TEAMS OF THREE TO FIVE MENTORS, TAILORED TO EACH VENTURE'S NEEDS. THE MENTORS VOLUNTEER THEIR WEALTH OF ENTREPRENEURIAL INSIGHTS FROM A BROAD RANGE OF INDUSTRY AND MARKET-TESTED EXPERIENCE.VC4BC IS A PARTNERSHIP BETWEEN THE BUCKS COUNTY RETIREMENT BOARD AND BEN FRANKLIN. VC4BC INVESTS $4 MILLION IN EMERGING ADVANCED TECHNOLOGY COMPANIES LOCATED IN, OR WILLING TO LOCATE TO, BUCKS COUNTY. ALL VC4BC INVESTMENT OPPORTUNITIES IN THE IT, HEALTH, DIGITAL HEALTH, AND PHYSICAL SCIENCES TECHNOLOGY SECTORS ARE EVALUATED THROUGH BEN FRANKLIN'S TECHNOLOGY SECTOR-SPECIFIC REVIEW PROCESS.VENTURE CHESCO INVESTS $4 MILLION IN EMERGING AND GROWING COMPANIES LOCATED IN, COMMITTED TO LOCATING IN, OR WITH SIGNIFICANT BUSINESS PRESENCE IN CHESTER COUNTY. BEN FRANKLIN AND CHESTER COUNTY HAVE EACH COMMITTED $2 MILLION IN FUNDS THAT ARE USED TO INVEST IN NEW TECHNOLOGY COMPANIES AND EXISTING COMPANIES LOOKING TO APPLY NEW TECHNOLOGIES TO THEIR BUSINESS OPERATIONS. SUPPORTING CHESTER'S VISTA 2025 INITIATIVE, VENTURE CHESCO FILLS A CRITICAL EARLY STAGE FUNDING GAP IN THE GROWTH CYCLE OF CHESTER COUNTY'S YOUNG COMPANIES AND COMPANIES LOOKING TO APPLY TECHNOLOGY TO IMPROVE BUSINESS PERFORMANCE.BEN FRANKLIN HAS PARTNERED WITH THE MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (MCIDA), AN INDEPENDENT ECONOMIC DEVELOPMENT AUTHORITY, TO LAUNCH THE MONTCO MADE INVESTMENT INITIATIVE, A PARTNERSHIP COMMITTING $1 MILLION IN INVESTMENT TO EMERGING AND GROWING COMPANIES LOCATED IN MONTGOMERY COUNTY. BEN FRANKLIN AND MCIDA ARE EACH COMMITTING $500,000 TO INVEST IN NEW TECHNOLOGY COMPANIES AND EXISTING COMPANIES LOOKING TO APPLY NEW TECHNOLOGIES TO THEIR BUSINESSES LOCATED IN MONTGOMERY COUNTY. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $5,193,191 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | Yes (1) | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 50 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 36 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 22 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 21 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROBIN CARROLL CONTROLLER | PersonNm |
| Phone | 2159726700 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4800 S 13TH STREET-BUILDING | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19112 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (32 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| ROSEANN B ROSENTHAL | ||||||||
| PRESIDENT THRU 12/31/20,CEO EMERITUS | 39.00 | Yes (X) | Yes (X) | $397,958 | $0 | $32,706 | ||
| SCOTT NISSENBAUM | ||||||||
| PRESIDENT AND CEO (EFF 1/1/21) | 55.00 | Yes (X) | Yes (X) | $252,639 | $0 | $41,707 | ||
| ADARE MCMILLAN | ||||||||
| CFO & ASSISTANT CORPORATE TREASURER | 47.00 | Yes (X) | $219,831 | $0 | $38,917 | |||
| ANTHONY GREEN | ||||||||
| VP OF SCIENCE & TECHNOLOGY | 44.00 | $197,007 | $0 | $41,761 | Yes (X) | |||
| MARGARET BRADLEY | ||||||||
| VICE PRESIDENT, STRATEGIC INITIATIVE | 42.00 | $188,377 | $0 | $47,420 | Yes (X) | |||
| JENNIFER HARTT | ||||||||
| DIRECTOR OF INVESTMENTS-LIFE SCIENCE | 54.00 | $203,120 | $0 | $15,358 | Yes (X) | |||
| RICHARD GENZER | ||||||||
| DIRECTOR, INVESTMENTS & IT | 35.00 | $193,529 | $0 | $22,680 | Yes (X) | |||
| OMAR MENCIN | ||||||||
| DIRECTOR OF INVESTMENT PARTNERSHIPS | 35.00 | $189,428 | $0 | $10,607 | Yes (X) | |||
| MARK TRABBOLD | ||||||||
| SR VP, STRATEGIC INITIATIVES GROUP | 38.00 | $181,772 | $0 | $12,691 | Yes (X) | |||
| DORTHEA CHRUPCALA | ||||||||
| ASSISTANT CORPORATE SECRETARY | 36.00 | Yes (X) | $68,668 | $0 | $35,330 | |||
| WILLIAM KIESLING | ||||||||
| COO & GENERAL COUNSEL (EFF 3/2021) | 52.00 | Yes (X) | $0 | $0 | $0 | |||
| CHARLES M ROBINS | ||||||||
| CHAIR OF THE BOARD | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JANICE GIANNINI | ||||||||
| VICE CHAIR OF THE BOARD | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| MINDY POSOFF | ||||||||
| CORPORATE SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| ROBERT CIARUFFOLI | ||||||||
| CORPORATE TREASURER & FIN COMM CHAIR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| MATTHEW CALLAHAN | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN CASTLEMAN | ||||||||
| DIRECTOR/CORPORATE DEVELOPMENT CO-CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| ALAN J COHN | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| DENISE DEVINE | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MIMI DRAKE | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| LEROY JONES | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ORIM GRAVES | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| NATE LENTZ | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN A LOFTUS | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| AMI MIRON | ||||||||
| DIRECTOR/INVESTMENT COMMITTEE CHAIR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JAMES D NARRON | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MR DOC PARGHI | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL PURCELL | ||||||||
| DIRECTOR/AUDIT COMMITTEE CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| TIMOTHY REESE | ||||||||
| DIRECTOR/GOVERNANCE & NOMINATING COMM CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| VINCE ROGUSKY | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| TUCKER TWITMYER | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| NICK WILKINSON | ||||||||
| DIRECTOR/CORPORATE DEVELOPMENT CO-CHAIR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,092,329 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $299,177 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 18 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| 5370 TECHNOLOGIES SOLUTIONS | |||||
| 26 N MAIN STREET | DOYLESTOWN | PA | 18901 | IT CONSULTANT | $142,701 |
| EISNERAMPER LLP | |||||
| 130 N 18TH STREET STE 3000 | PHILADELPHIA | PA | 19103 | AUDIT & TAX SERVICES | $107,250 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $5,130,220 | GovernmentGrantsAmt |
| Total Contributions | $5,130,220 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| LOAN INTEREST | 900099 | $2,487,797 | $2,487,797 |
| LOAN MAINTENANCE FEES | 900099 | $143,651 | $143,651 |
| APPLICATION & CLOSING FEES | 900099 | $17,500 | $17,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $2,648,948 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $281,699 | TotalRevenueColumnAmt |
| Exclusion | $281,699 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $12,385 | TotalRevenueColumnAmt |
| Exclusion | $12,385 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $821,286 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $890,105 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$68,819 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$68,819 | TotalRevenueColumnAmt |
| Exclusion | -$68,819 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $6,851,632 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,493,570 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,358,062 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,358,062 | TotalRevenueColumnAmt |
| Exclusion | $1,358,062 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,362,495 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,648,948 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,583,327 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,000 | TotalAmt |
| Program Services | $25,000 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,390,445 | TotalAmt |
| Program Services | $593,304 | ProgramServicesAmt |
| Management And General | $797,141 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,488,984 | TotalAmt |
| Program Services | $2,321,138 | ProgramServicesAmt |
| Management And General | $1,167,846 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $206,481 | TotalAmt |
| Program Services | $183,879 | ProgramServicesAmt |
| Management And General | $22,602 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $342,640 | TotalAmt |
| Program Services | $168,338 | ProgramServicesAmt |
| Management And General | $174,302 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $315,443 | TotalAmt |
| Program Services | $221,289 | ProgramServicesAmt |
| Management And General | $94,154 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,222 | TotalAmt |
| Program Services | $13,024 | ProgramServicesAmt |
| Management And General | $27,198 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,750 | TotalAmt |
| Management And General | $71,750 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $115,281 | TotalAmt |
| Program Services | $115,281 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $346,559 | TotalAmt |
| Program Services | $234,285 | ProgramServicesAmt |
| Management And General | $112,274 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,092 | TotalAmt |
| Program Services | $60,092 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $120,689 | TotalAmt |
| Program Services | $26,774 | ProgramServicesAmt |
| Management And General | $93,915 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $169,248 | TotalAmt |
| Program Services | $28,621 | ProgramServicesAmt |
| Management And General | $140,627 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $398,392 | TotalAmt |
| Management And General | $398,392 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,582 | TotalAmt |
| Program Services | $297 | ProgramServicesAmt |
| Management And General | $8,285 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,187 | TotalAmt |
| Management And General | $48,187 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,669 | TotalAmt |
| Management And General | $53,669 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $94,201 | TotalAmt |
| Program Services | $104 | ProgramServicesAmt |
| Management And General | $94,097 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| PROVISION FOR INTEREST | $694,709 | $694,709 | |
| PROVISION FOR LOAN LOSS | $271,048 | $271,048 | |
| OTHER EXPENSES | $109,363 | $63,687 | $45,676 |
| PORTFOLIO MGMT | $90,638 | $90,638 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $81,683 | TotalAmt |
| Program Services | $81,683 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,543,306 | TotalAmt |
| Program Services | $5,193,191 | ProgramServicesAmt |
| Management And General | $3,350,115 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,953,417 | BOYAmt |
| EOY | $5,273,589 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,646,010 | BOYAmt |
| EOY | $3,884,417 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $179,086 | BOYAmt |
| EOY | $229,144 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,183,307 | BOYAmt |
| EOY | $5,290,075 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $6,266,177 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,246,219 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,165,934 | BOYAmt |
| EOY | $4,019,958 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,966,385 | BOYAmt |
| EOY | $12,085,828 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,853,547 | BOYAmt |
| EOY | $11,430,772 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,577,226 | BOYAmt |
| EOY | $71,227,377 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $712,041 | BOYAmt |
| EOY | $666,820 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $94,236,953 | BOYAmt |
| EOY | $114,107,980 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $643,973 | BOYAmt |
| EOY | $1,361,807 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,051,694 | BOYAmt |
| EOY | $1,237,012 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,586,435 | BOYAmt |
| EOY | $3,462,510 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,670,367 | BOYAmt |
| EOY | $9,036,556 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,000,000 | BOYAmt |
| EOY | $1,000,000 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,952,469 | BOYAmt |
| EOY | $16,097,885 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $81,284,484 | BOYAmt |
| EOY | $98,010,095 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $81,284,484 | BOYAmt |
| EOY | $98,010,095 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $94,236,953 | BOYAmt |
| EOY | $114,107,980 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $819,189 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $15,906,422 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $10,108,896 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,460,390 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,867,316 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,278,317 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,130,220 | CurrentTaxYearAmt |
| Total | $29,845,139 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $10,108,896 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,460,390 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,867,316 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,278,317 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,130,220 | CurrentTaxYearAmt |
| Total | $29,845,139 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $29,845,139 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $210,114 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $350,984 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $556,974 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $637,207 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $410,465 | CurrentTaxYearAmt |
| Total | $2,165,744 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $126,260 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $199,228 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $50,644 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $154,324 | CurrentTaxYearMinus1YearAmt |
| Total | $530,456 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $32,541,339 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $16,876,904 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.91710 | PublicSupportCY170Pct |
| Public Support PY170 | 0.92360 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
Total Direct Lobbying TotalDirectLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $115,281 | FilingOrganizationsTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $115,281 | FilingOrganizationsTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $8,613,225 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $8,728,506 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $586,425 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $146,606 | FilingOrganizationsTotalAmt |
Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $631,921 | CurrentYearMinus3Amt |
| Current Year Minus2 | $536,172 | CurrentYearMinus2Amt |
| Current Year Minus1 | $632,529 | CurrentYearMinus1Amt |
| Current Year | $586,425 | CurrentYearAmt |
| Total | $2,387,047 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $3,580,571 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $107,914 | CurrentYearMinus3Amt |
| Current Year Minus2 | $108,356 | CurrentYearMinus2Amt |
| Current Year Minus1 | $118,473 | CurrentYearMinus1Amt |
| Current Year | $115,281 | CurrentYearAmt |
| Total | $450,024 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $157,980 | CurrentYearMinus3Amt |
| Current Year Minus2 | $134,043 | CurrentYearMinus2Amt |
| Current Year Minus1 | $158,132 | CurrentYearMinus1Amt |
| Current Year | $146,606 | CurrentYearAmt |
| Total | $596,761 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $895,142 | GrassrootsCeilingAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Historic Land Area | Yes (X) | HistoricLandAreaInd |
| Historic Structure | Yes (X) | HistoricStructureInd |
| Total Easements | 1 | TotalEasementsCnt |
| Total Acreage | 1.72 | TotalAcreageCnt |
| Historic Structure Easements | 1 | HistoricStructureEasementsCnt |
| Modified Easements | 0 | ModifiedEasementsCnt |
| States Easements Held | 1 | StatesEasementsHeldCnt |
| Written Policy Monitoring | Yes (1) | WrittenPolicyMonitoringInd |
| Staff Hours Spent Enforcement | 125.00 | StaffHoursSpentEnforcementCnt |
| Expenses Incurred Enforcement | $3,328 | ExpensesIncurredEnforcementAmt |
| Section170h Rqr Stsfd | Yes (1) | Section170hRqrStsfdInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $683,333 | OtherCostOrOtherBasisAmt |
| Book Value | $683,333 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,688,854 | OtherCostOrOtherBasisAmt |
| Depreciation | $507,692 | DepreciationAmt |
| Book Value | $3,181,162 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $689,481 | OtherCostOrOtherBasisAmt |
| Depreciation | $630,563 | DepreciationAmt |
| Book Value | $58,918 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $337,058 | OtherCostOrOtherBasisAmt |
| Depreciation | $256,583 | DepreciationAmt |
| Book Value | $80,475 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $867,451 | OtherCostOrOtherBasisAmt |
| Depreciation | $851,381 | DepreciationAmt |
| Book Value | $16,070 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $4,019,958 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | VANGUARD ULTRA - SHORT - TERM BOND ADMIRAL | Desc |
| Book Value | $11,430,772 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $11,430,772 | TotalBookValueSecuritiesAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (7 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| LOANS RECEIVABLE, NET | $20,581,477 | F |
| PRIVATE EQUITIES | $41,414,806 | F |
| WARRANTS | $2,685,373 | F |
| VENTURE FUNDS | $4,692,147 | F |
| OTHER | $405,983 | F |
| PUBLICLY HELD SHARES | $36,216 | F |
| CAPITAL POOLS | $1,411,375 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $71,227,377 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LINE OF CREDIT | Desc |
| Amt | $1,000,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,000,000 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART II, LINE 5: | THE BUILDING IS INSPECTED FOR DEFICIENCIES ON THE PRESERVATION ALLIANCE'S MINIMUM MAINTENANCE PROGRAM. WE HAVE A REGULARLY SCHEDULED TECHNICIAN ON SITE WEEKLY, WHO ALSO REVIEWS THE SITE FOR ANY DEFICIENCIES. |
| PART II, LINE 9: | PROPERTY AND EQUIPMENT ARE STATED AT COST LESS ACCUMULATED DEPRECIATION. PROPERTY AND EQUIPMENT ARE DEFINED BY BEN FRANKLIN AS ASSETS WITH A COST OF MORE THAN $10,000 AND AN ESTIMATED USEFUL LIFE IN EXCESS OF ONE YEAR. DEPRECIATION AND AMORTIZATION ARE COMPUTED ON A STRAIGHT-LINE BASIS OVER THE ESTIMATED LIVES OF THE ASSETS. LEASEHOLD IMPROVEMENTS ARE AMORTIZED OVER THE SHORTER OF THE LEASE PERIOD OR ESTIMATED USEFUL LIFE. ESTIMATED USEFUL LIVES OF ASSETS RANGE FROM THREE TO FIVE YEARS FOR EQUIPMENT, 10 TO 15 YEARS FOR LEASEHOLD IMPROVEMENTS, AND 39 YEARS FOR THE BUILDING. MANAGEMENT EVALUATES THE RECOVERABILITY OF LONG-LIVED ASSETS ON AN ONGOING BASIS AND RECOGNIZES ANY IMPAIRMENT IN THE YEAR OF DETERMINATION. LONG-LIVED ASSETS WERE TESTED FOR IMPAIRMENT AT JUNE 30, 2021 AND 2020, AND IN THE OPINION OF MANAGEMENT, THERE WAS NO IMPAIRMENT. IT IS REASONABLY POSSIBLE THAT RELEVANT CONDITIONS COULD CHANGE IN THE NEAR TERM AND NECESSITATE A CHANGE IN MANAGEMENT'S ESTIMATE OF THE RECOVERABILITY OF THESE ASSETS. BEN FRANKLIN RECORDS EXPENSES FOR MEETING THE EASEMENT REQUIREMENTS AS THEY ARE INCURRED. |
| PART X, LINE 2: | BEN FRANKLIN IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A NOT-FOR-PROFIT ORGANIZATION, BEN FRANKLIN IS ALSO EXEMPT FROM STATE AND LOCAL INCOME TAXES. MANAGEMENT HAS EVALUATED THE TAX POSITIONS OF BEN FRANKLIN AND CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR FURTHER DISCLOSURE IN THE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS. BEN FRANKLIN IS SUBJECT TO AUDITS BY TAXING JURISDICTIONS; HOWEVER, NO AUDITS FOR ANY PERIODS ARE CURRENTLY IN PROGRESS. MANAGEMENT RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF MANAGEMENT AND ADMINISTRATIVE EXPENSES. THERE WERE NO INCOME TAX RELATED INTEREST OR PENALTIES RECORDED FOR BEN FRANKLIN FOR EITHER OF THE YEARS ENDED JUNE 30, 2021 OR 2020. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|
| NEURALERT | ||||||
| 2025 WASHINGTON AVE | PHILADELPHIA | PA | 19146 | 834688289 | $10,000 | FABNET MATCHING FUNDS |
| RHEO TEK MEDICAL | ||||||
| 2275 BRIDGE ST BLDG 209 - STE 210 | PHILADELPHIA | PA | 19137 | 853898624 | $5,000 | PRIMA MATCHING FUNDS |
| OSCIFLEX | ||||||
| 5066 WEST CHESTER PIKE | NEWTOWN SQUARE | PA | 19073 | 823429730 | $10,000 | PRIMA MATCHING FUNDS |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 0 | Total501c3OrgCnt |
| Total Other Org | 3 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | PROCEDURES FOR MONITORING THE USE OF AWARDS: THE ORGANIZATION MONITORS THE USE OF FUNDS AWARDED BY PUTTING EACH AWARD THROUGH SEVERAL ROUNDS OF REVIEW DURING THE APPLICATION PROCESS, THE CONTRACTING PROCESS, REPORTING AND PAYMENT PROCESS. THE BOARD OF DIRECTORS HAS ULTIMATE AUTHORITY FOR ALLOCATION OF FUNDS. FOR TECHNOLOGY COMMERCIALIZATION AWARDS: 1. THE PROJECTS ARE REVIEWED INTERNALLY BY THE TECHNOLOGY COMMERCIALIZATION AND INVESTMENT GROUPS, AND IF ELIGIBLE FOR THE AWARD PROGRAM, TWO OUTSIDE REVIEWS ARE COMPLETED FOR RELEVANCY TO THE AWARD MISSION AND PROJECT SUCCESS PROBABILITY. 2. APPROVED PROJECTS ARE REVIEWED BY THE GRANT AND CONTRACT ACCOUNTANT TO ENSURE COMPLIANCE WITH AWARDS THRESHOLDS. 3. PROJECTS THAT MEET REQUIREMENTS IN THESE AREAS MOVE ON TO THE CONTRACTING PHASE. 4. THE BOARD OF DIRECTORS HAS ULTIMATE AUTHORITY FOR ALLOCATION OF FUNDS. AT THE CONTRACTING PHASE FOR ALL AWARDS: 1. THE GRANT AND CONTRACT ACCOUNTANT CREATES A CONTRACT. THE CONTRACT TEMPLATES WERE CREATED BY BEN FRANKLIN'S ATTORNEYS AND INCORPORATES ALL GRANT/AWARD REQUIREMENTS. 2. THE CONTRACT IS CIRCULATED FOR REVIEW, APPROVAL, AND SIGNATURE BY THE PROJECT MANAGER (VP THAT IS HEADING UP THE INITIATIVE), CONTROLLER, CHIEF FINANCIAL OFFICER, CHIEF OPERATING OFFICER & GENERAL COUNSEL AND CEO. AWARD REPORTING AND PAYMENT: 1. BEN FRANKLIN RECEIVES QUARTERLY UPDATES ON EACH AWARDED PROJECT AS WELL AS DETAILED INVOICES WHICH ARE REVIEWED BY THE GRANT AND CONTRACT ACCOUNTANT, VICE PRESIDENT, ASSISTANT CONTROLLER, CONTROLLER, CHIEF FINANCIAL OFFICER AND THE CHIEF OPERATING OFFICER & GENERAL COUNSEL. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROSEANN B ROSENTHAL | ||||||||||||||
| PRESIDENT THRU 12/31/20,CEO EMERITUS | $397,958 | $0 | $0 | $0 | $0 | $0 | $11,400 | $0 | $21,306 | $0 | $430,664 | $0 | $0 | $0 |
| SCOTT NISSENBAUM | ||||||||||||||
| PRESIDENT AND CEO (EFF 1/1/21) | $252,639 | $0 | $0 | $0 | $0 | $0 | $10,273 | $0 | $31,434 | $0 | $294,346 | $0 | $0 | $0 |
| ADARE MCMILLAN | ||||||||||||||
| CFO & ASSISTANT CORPORATE TREASURER | $219,831 | $0 | $0 | $0 | $0 | $0 | $6,786 | $0 | $32,131 | $0 | $258,748 | $0 | $0 | $0 |
| ANTHONY GREEN | ||||||||||||||
| VP OF SCIENCE & TECHNOLOGY | $197,007 | $0 | $0 | $0 | $0 | $0 | $8,011 | $0 | $33,750 | $0 | $238,768 | $0 | $0 | $0 |
| MARGARET BRADLEY | ||||||||||||||
| VICE PRESIDENT, STRATEGIC INITIATIVE | $188,377 | $0 | $0 | $0 | $0 | $0 | $6,523 | $0 | $40,897 | $0 | $235,797 | $0 | $0 | $0 |
| JENNIFER HARTT | ||||||||||||||
| DIRECTOR OF INVESTMENTS-LIFE SCIENCE | $203,120 | $0 | $0 | $0 | $0 | $0 | $8,152 | $0 | $7,206 | $0 | $218,478 | $0 | $0 | $0 |
| RICHARD GENZER | ||||||||||||||
| DIRECTOR, INVESTMENTS & IT | $193,529 | $0 | $0 | $0 | $0 | $0 | $7,100 | $0 | $15,580 | $0 | $216,209 | $0 | $0 | $0 |
| OMAR MENCIN | ||||||||||||||
| DIRECTOR OF INVESTMENT PARTNERSHIPS | $189,428 | $0 | $0 | $0 | $0 | $0 | $7,556 | $0 | $3,051 | $0 | $200,035 | $0 | $0 | $0 |
| MARK TRABBOLD | ||||||||||||||
| SR VP, STRATEGIC INITIATIVES GROUP | $181,772 | $0 | $0 | $0 | $0 | $0 | $7,189 | $0 | $5,502 | $0 | $194,463 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 4B | TEMPLE VENTURES IS A $1 MILLION CO-INVESTMENT PARTNERSHIP DESIGNED TO ASSIST STARTUP COMPANIES ADVANCING TEMPLE UNIVERSITY-CREATED TECHNOLOGIES. THE PARTNERSHIP WAS DESIGNED TO HELP CREATE INDEPENDENT STARTUP VENTURES IN THE GREATER PHILADELPHIA AREA FROM TEMPLE-BASED TECHNOLOGIES. TEMPLE AND BEN FRANKLIN INVEST BOTH CAPITAL AND CONSULTING RESOURCES TO DEVELOP GREAT IDEAS INTO PROMISING BUSINESSES. BEN FRANKLIN UTILIZES ITS CAPITAL, COUNSEL, AND CONNECTIONS TO HELP DEVELOP COMMERCIALIZATION STRATEGIES FROM THOSE TECHNOLOGIES, AND PROVIDE CRITICAL ACCESS TO THE REGION'S BROADER TECHNOLOGY INVESTMENT COMMUNITY. BEN FRANKLIN FABNET IS AN ADVANCED MANUFACTURING RESOURCE TO EMERGING VENTURES FOCUSED ON TRANSFORMING EARLY STAGE IDEAS AND INVENTIONS BASED ON OR ENABLED BY ADVANCED MANUFACTURING INTO PROTOTYPES OF COMMERCIAL PRODUCTS. STRUCTURED AS A VIRTUAL ACCELERATOR, FABNET'S 17 REGIONAL PARTNERS PROVIDE A NETWORK OF DESIGNERS, PROTOTYPERS, ENGINEERS, AND SMALL MANUFACTURERS THAT OFFER COMPANIES: 1) A PARTNERSHIP FOR DESIGN, RAPID PROTOTYPING, AND FABRICATION UTILIZING ADVANCED MANUFACTURING TECHNOLOGIES; 2) MATCHING FUNDS FOR REGIONAL COMPANIES THAT WISH TO INTEGRATE NEW DESIGN, PROTOTYPING, AND FABRICATION TECHNIQUES WITH THEIR BUSINESSES; AND 3) REDUCED TIME AND EXPENSE OF PROTOTYPE DEVELOPMENT THROUGH ACCESS TO SPECIALIZED FACILITIES, EQUIPMENT, AND EXPERTISE REQUIRED FOR DESIGN, SIMULATION, AND FABRICATION OF PRODUCTS. A VIRTUAL LIFE SCIENCES TECHNOLOGY CENTER, THE PHILADELPHIA REGION INTEGRATED MEDICINE ALLIANCE (PRIMA) WORKS TO EXPAND THE NETWORK OF RESOURCES AND SERVICE PROVIDERS WILLING TO WORK WITH EARLY STAGE COMPANIES AND ENTREPRENEURIAL FACULTY TO ACCELERATE THE COMMERCIALIZATION OF NOVEL TECHNOLOGIES. PRIMA FEATURES TWO MAIN COMPONENTS: A VIRTUAL NETWORK OF SERVICE PROVIDERS, THE PRIMA VIRTUAL COMMERCIALIZATION CENTER, TO ADVANCE COMMERCIALIZATION OF GROUNDBREAKING LIFE SCIENCE TECHNOLOGIES; AND PROGRAMS AND OPPORTUNITIES TO DEVELOP AND EXPAND A KNOWLEDGE WORKFORCE THROUGH STRATEGIC PARTNERSHIPS WITH TRAINING PROGRAMS AT THE REGION'S COMMUNITY COLLEGES AND RESEARCH INSTITUTIONS. |
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBERS OR STOCKHOLDERS OF THE ORGANIZATION THE SOLE MEMBER OF THIS CORPORATION IS UNIVERSITY CITY SCIENCE CENTER, A PENNSLYVANIA NONPROFIT CORPORATION. MEMBERSHIP OF THIS CORPORATION IS NON-TRANSFERABLE AND NON-ASSIGNABLE. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 REVIEW PROCESS CURRENTLY BEN FRANKLIN'S FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. ONCE COMPLETED, THE 990 IS REVIEWED BY THE ASSISTANT CONTROLLER AND CONTROLLER. IF FOUND TO BE COMPLETE AND SATISFACTORY, THE 990 IS PRESENTED TO THE COO AND GENERAL COUNSEL AND THE CEO FOR REVIEW. THE FINAL REVIEW PRIOR TO SUBMISSION TO THE IRS IS AT THE BOARD COMMITTEE LEVEL. A COPY OF THE 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD'S AUDIT COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST POLICY AND PROCEDURES A COMPLETE LIST OF CONFLICTS IS COMPILED ON A YEARLY BASIS AND REVIEWED BY THE BOARD CHAIRPERSON, CEO, CFO, COO & GENERAL COUNSEL AND THE ASSISTANT SECRETARY OF THE ORGANIZATION. YEARLY DISCLOSURE STATEMENTS ARE DELIVERED, MAILED, AND EMAILED TO EMPLOYEES, BOARD MEMBERS, COMMITTEE MEMBERS, DUE DILIGENCE CONSULTANTS, PORTFOLIO MANAGERS, AS WELL AS ANY ADDITIONAL GENERAL CONSULTANTS. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION PROCEDURES - TOP MANAGEMENT OFFICIAL CEO COMPENSATION AND BENEFITS ARE REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF DIRECTORS, BASED UPON RECOMMENDATIONS BY THE COMPENSATION SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. COMPENSATION PROCEDURES - OTHER OFFICERS ANNUAL COMPENSATION CHANGES FOR STAFF MEMBERS ARE PROPOSED BY MANAGEMENT TO THE COMPENSATION SUBCOMMITTEE. MANAGEMENT MAKES ITS RECOMMENDATION BASED ON EMPLOYEE PERFORMANCE, GOAL ACHIEVEMENT, AND EXTERNAL ANALYSES OF CURRENT MARKET SALARY DATA. THE COMPENSATION SUBCOMMITTEE REVIEWS RECOMMENDATIONS AND RELATED SUPPORT WITH MANAGEMENT AND APPROVES WHERE APPROPRIATE. COMPENSATION SUBCOMMITTEE REVIEW AND APPROVAL OF COMPENSATION CHANGES ARE APPROPRIATELY DOCUMENTED IN THE MEETING MINUTES. |
| FORM 990, PART VI, SECTION C, LINE 19 | DOCUMENTS FOR PUBLIC INSPECTION GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AS WELL AS FORM 1023 ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| BUILDING 100 LIMITED PARTNER LLC | |||||||||
| 4800 S 13TH STREET SUITE 200 | PHILADELPHIA | PA | 19112 | 811629336 | TO HOLD INTEREST IN BUILDING 100, LP | PA | -$68,026 | $4,146,328 | BEN FRANKLIN TECHNOLOGY PARTNERS OF SOUTHEASTERN PA |
| BUILDING 100 GENERAL PARTNER LLC | |||||||||
| 4800 S 13TH STREET SUITE 200 | PHILADELPHIA | PA | 19112 | 811518824 | TO HOLD INTEREST IN BUILDING 100, LP | PA | -$687 | $41,882 | BEN FRANKLIN TECHNOLOGY PARTNERS OF SOUTHEASTERN PA |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| STAGE2 CAPITAL ASSOC GP LLC | ||||||||||||||
| 500 N GULPH RD SUITE 101 | KING OF PRUSSIA | PA | 19406 | 262059251 | GENERAL PARTNER OF THE FUND | DE | BEN FRANKLIN | RELATED | -$5,044 | $1,168 | 0 | 0 | 0.68000 | |
| STAGE2 CAP MGMT LLC | ||||||||||||||
| 4800 S 13TH STREET SUITE 200 | PHILADELPHIA | PA | 19112 | 261887448 | MGMT COMPANY | DE | BEN FRANKLIN | RELATED | $9,300 | -$21,476 | 0 | 0 | 0.50000 | |
| GLOBAL OPPORTUNITY PHILADELPHIA FUND I LP | ||||||||||||||
| 4801 S BROAD ST - SUITE 200 | PHILADELPHIA | PA | 19112 | 832519944 | INVEST IN GROWTH STAGE COMPANIES IN THE IT SECTOR | DE | BEN FRANKLIN | RELATED | $34,982 | $1,869,312 | 0 | 0 | 0.24900 | |
| GLOBAL OPPORTUNITY PHILADELPHIA FUND GP LLC | ||||||||||||||
| 4800 S 13TH STREET SUITE 200 | PHILADELPHIA | PA | 19112 | 832532294 | GENERAL PARTNER OF THE FUND | DE | 0 | Yes (1) | N/A | |||||
| GLOBAL OPPORTUNITY PHILADELPHIA MANAGEMENT LLC | ||||||||||||||
| 4800 S 13TH STREET SUITE 200 | PHILADELPHIA | PA | 19112 | 832547248 | MGMT COMPANY | DE | 0 | Yes (1) | N/A | |||||
| GLOBAL OPPORTUNITY PHILADELPHIA CV LLC | ||||||||||||||
| 4800 S 13TH STREET SUITE 200 | PHILADELPHIA | PA | 19112 | 832562011 | ADMINISTERS CARRIED INTEREST OF THE FUND | DE | 0 | Yes (1) | N/A | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | Yes (1) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STAGE2 CAPITAL MANAGEMENT LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | J | TransactionTypeTxt |
| Involved | $6,120 | InvolvedAmt |
| Method Of Amount Determination | PER ACCT RECORD | MethodOfAmountDeterminationTxt |