RESOLVE PHILADELPHIA INC

EIN: 832762074 501(c)(3) Education

PHILADELPHIA, PA

Total Revenue
$4,397,928
Total Expenses
$3,137,921
Total Assets
$2,451,087
Net Assets
$2,312,403
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
PA
Principal Officer
JEAN FRIEDMAN-RUDOVSKY
Phone
2153093166
Tax Period
2023-01-01 to 2023-12-31

RESOLVE PHILADELPHIA INC, founded in 2019, is a community nonprofit in the Education sector that reported $4.4M in total revenue in fiscal year 2023. Revenue surged 80% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 29% operating margin.

Mission

IN A TIME OF WIDESPREAD MISTRUST, POLITICAL DIVISION, AND INDUSTRY (CONTINUE TO SCHEDULE O) UPHEAVAL, JOURNALISTS MUST HAVE A NEW RESOLVE: THEY MUST CONSIDER NOT JUST WHAT THEY REPORT, BUT HOW THEY FIND, FRAME, AND TELL STORIES ABOUT COMMUNITIES WHO ARE OFTEN INACCURATELY DEPICTED IN THE MEDIA. JOURNALISTS OFTEN DO NOT CONSIDER THE PERSPECTIVES OF COMMUNITY MEMBERS IN HOW COVERAGE IS CONCEIVED, OFTEN LEADING TO CONCEPTS AND LANGUAGE THAT PROMOTE STEREOTYPES, ERASE NUANCE, OR HIGHLIGHT IMPLICIT BIAS. RESOLVE PHILLY WAS FORMED TO ADDRESS HOW THE INDUSTRY CAN MORE EFFECTIVELY COVER THESE COMMUNITIES PARTICULARLY THOSE EXPERIENCING RACIAL INJUSTICE AND ECONOMIC HARDSHIP BY INCLUDING THEIR PERSPECTIVES AND VOICES DIRECTLY IN REPORTING. ELEVATING THOSE VOICES ENABLES COMMUNITIES TO TELL THEIR OWN STORIES AND HELPS TO CHANGE THE PERCEPTIONS THAT PERPETUATE DISCRIMINATION.

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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 $4,285,667
Program Service Revenue $112,261
Investment Income $0
Other Revenue $0
TOTAL REVENUE $4,397,928

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,392,424
Fundraising Expenses $173,733
Program Expenses $1,965,892
Other Expenses $745,497
TOTAL EXPENSES $3,137,921

Year-over-Year Comparison

2023 2022 Change
Revenue $4,397,928 $2,443,342 +0.8%
Expenses $3,137,921 $2,488,396 +0.3%
Net Income $1,260,007 $-45,054 -29.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
7
Employees
38
Volunteers
11

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
6
$249,999
Total Directors
13
$249,999
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEAN FRIEDMAN-RUDOVSKY EXECUTIVE DIRECTOR 40.00
Officer Director
$148,576 $732 $149,308
CASSIE J HAYNES CO-EXECUTIVE DIRECTOR (THRU 12/23) 40.00
Officer Director
$90,653 $7,038 $97,691
LIZA GROSS PRESIDENT CO-CHAIR 1.00
Officer Director
$0 $0 $0
DAVID BROWN PRESIDENT CO-CHAIR (EFF 6/23) 1.00
Officer Director
$0 $0 $0
SHERYL KANTROWITZ BOARD SECRETARY 1.00
Officer Director
$3,000 $0 $3,000
SANDY HE BOARD TREASURER 1.00
Officer Director
$0 $0 $0
GLENN BERGMAN DIRECTOR 1.00
Director
$0 $0 $0
CHENJERAI KUMANUIKA DIRECTOR (EFF 3/23) 1.00
Director
$0 $0 $0
JULIE MOOS DIRECTOR (EFF 6/23) 1.00
Director
$0 $0 $0
CHERYL THOMPSON-MORTON DIRECTOR (EFF 3/23) 1.00
Director
$0 $0 $0
LETRELL CRITTENDEN DIRECTOR (THRU 12/31/23) 1.00
Director
$0 $0 $0
JOHN L JACKSON DIRECTOR (THRU 6/14/23) 1.00
Director
$0 $0 $0
JAMAINE SMITH DIRECTOR (THRU 3/1/23) 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 $4,397,928 $3,137,921 $2,451,087 $1,260,007
2022 $2,443,342 $2,488,396 $1,249,729 $-45,054
2021 $1,151,164 $1,825,583 $1,461,224 $-674,419
2020 $3,609,977 $1,942,760 $1,997,435 $1,667,217
2019 $711,241 $606,589 $203,686 $104,652
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