DELAWARE VALLEY LEGACY FUND

EIN: 232802171 501(c)(3) Philanthropy & Grantmaking

PHILADELPHIA, PA

Total Revenue
$76,959
Total Expenses
$134,438
Total Assets
$1,041,190
Net Assets
$1,040,568
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
PA
Principal Officer
MICHAEL GROSBERG
Phone
2155636417
Tax Period
2023-01-01 to 2023-12-31

DELAWARE VALLEY LEGACY FUND, founded in 1993, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $77K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $134K exceeded revenue, resulting in a 75% operating deficit.

Mission

DVLF HAS BEEN SERVING THE EMERGING NEEDS OF THE LGBTQ COMMUNITY FOR ALMOST 30 YEARS. THE ORGANIZATION WAS CREATED TO BENEFIT THE PHILADELPHIA REGION'S LGBTQ COMMUNITY BY RAISING MONEY FOR A PERMANENT ENDOWMENT. DVLF FOSTERS POSITIVE CHANGE EVERY YEAR THROUGH ADVOCACY, GRANTMAKING, SCHOLARSHIPS, PROGRAMMING AND EDUCATION. THIS YEAR, DVLF'S SIGNIFICANTLY INCREASED ITS GRANTMAKING TO INCLUDE EVEN MORE GRANTS AND SCHOLARSHIPS. EACH YEAR, DVLF EMPOWERS AND ENHANCES THE LIVES OF THE LGBTQ COMMUNITY BY INVESTING IN COMMUNITY WORK. IT'S CRITICAL MISSION PROVIDES SERVICES TO PROGRAMS SERVING THE LGBTQ COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $76,959
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $76,959

Expense Breakdown

Grants Paid $46,823
Salaries & Benefits $0
Fundraising Expenses $22,392
Program Expenses $86,979
Other Expenses $87,615
TOTAL EXPENSES $134,438

Year-over-Year Comparison

2023 2022 Change
Revenue $76,959 $138,658 -0.4%
Expenses $134,438 $156,044 -0.1%
Net Income $-57,479 $-17,386 +2.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
100

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL GROSBERG PRESIDENT 2.00
Officer Director
$0 $0 $0
KARL MICHELFELDER VICE PRESIDE 2.00
Officer Director
$0 $0 $0
WILLIAM LEFFLER TREASURER 2.00
Officer Director
$0 $0 $0
CHASE WRIGHT SECRETARY 2.00
Officer Director
$0 $0 $0
GLORIA MELUNIS BOARD MEMBER 1.00
Director
$0 $0 $0
SAPPHO FULTON BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTOPHER BARRETT POLITAN BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES WRIGHT BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES C YOUNG BOARD MEMBER 1.00
Director
$0 $0 $0
JAKE MARONEY BOARD MEMBER 1.00
Director
$0 $0 $0
KEISHA PRICE BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $76,959 $134,438 $1,041,190 $-57,479
2022 $138,658 $156,044 $1,028,924 $-17,386
2021 $317,026 $109,082 $1,104,395 $207,944
2020 $68,388 $103,483 $809,199 $-35,095
2019 $106,297 $151,446 $817,434 $-45,149
2018 $127,329 $144,902 $789,636 $-17,573
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