INDEPENDENCE BUSINESS ALLIANCE Charity Report

Public IRS 990 nonprofit record

INDEPENDENCE BUSINESS ALLIANCE

EIN 20-8060756 · Chambers of Commerce & Business Leagues (S41)

What they do

THE MISSION of THE INDEPENDENCE BUSINESS ALLIANCE is to PROMOTE GREATER PHILADELPHIAS LESBIAN, GAY, BISEXUAL, TRANSGENDER and QUEER BUSINESS and LEADERSHIP COMMUNITIES to ENHANCE FINANCIAL OPPORTUNITIES, FOSTER DIVERSITY, DEVELOP LEADERSHIP and COLLABORATION and ADVOCATE for POSITIVE CHANGE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $0.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders24 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

6.17%of revenue went to fundraising7.3% of expenses

$84.05spent for every $100 of revenueRevenue covered expenses this year.

8.67%of revenue went to management and office costs10.3% of expenses

$1.30in assets for every $1 spent this yearSome assets cannot be spent right away.

33.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $112,000 for ZACHARY WILCHA (CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$451,472

Mission workProgram services0.00% of revenue0.0% of expenses

ManagementOffice and general costs$39,1368.67% of revenue10.3% of expenses

FundraisingAsking for donations$27,8476.17% of revenue7.3% of expenses

Revenue left after expensesReported annual surplus$71,99315.95% of revenueShown in gray on the chart

Total expenses$379,47984.05% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 0.0% mission · 10.3% management · 7.3% fundraisingTotal expenses: 84.05% of revenue

2021Expense mix: 66.4% mission · 26.9% management · 6.8% fundraisingTotal expenses: 63.15% of revenue

2020Expense mix: 61.5% mission · 30.5% management · 7.9% fundraisingTotal expenses: 105.40% of revenue

2019Expense mix: 21.5% mission · 78.5% management · 0.0% fundraisingTotal expenses: 90.21% of revenue

2018Expense mix: 40.1% mission · 59.9% management · 0.0% fundraisingTotal expenses: 105.22% of revenue

2017Expense mix: 37.0% mission · 63.0% management · 0.0% fundraisingTotal expenses: 85.70% of revenue

2016Expense mix: 43.0% mission · 57.0% management · 0.0% fundraisingTotal expenses: 107.09% of revenue

Money in and money out

Revenue$451,472

Expenses$379,479

Annual surplus $71,993 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Management and office costs$39,136 · 10.3% of expenses

Fundraising$27,847 · 7.3% of expenses

See all reported dollar amounts

Revenue$451,472

Expenses$379,479

Assets$494,266

Income$451,472

Contributions$151,628

Fundraising$27,847

Grants given$20,000

Average grant$10,000

Management and general$39,136

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ZACHARY WILCHACEO · 40 hrs/week $112,000

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (24)

ZACHARY WILCHACEO

MATTHEW SHAPIROMEMBER

YURI CRUSCAMEMBER

XINYU XIEMEMBER

TIMOTHY RISSELMEMBER

TIA LYLES-WILLIAMSMEMBER

SYBIL DAVISMEMBER

SIOBHAN NEITZELTREASURER

SHENELLE BROOKSMEMBER

PETER ANDREW DANZIG-PALSENCIAMEMBER

NICK LANZIMEMBER

MEG RIDERMEMBER

ALISTAIR GLOVERMEMBER

MARS SHARROCKMEMBER

LORENA PLAZAMEMBER

KAELA BLANKSMEMBER

JONE MAGAGNAMEMBER

HALEIGH MCDONALDMEMBER

ELIZABETH WINGFIELDVICE PRESIDE

DARIUS MCLEANMEMBER

CAROLYN NATRINSECRETARY

BRETT MURPHYMEMBER

ANNE GEARYPRESIDENT

AMINA SHAHZADMEMBER

About this charity

Recognized since: January 2007
Location: 230 S BROAD STREET 17TH FLOOR, PHILADELPHIA, PA 19102
County: Philadelphia
In care of: SIOBHAN NEITZEL
Primary officer: SIOBHAN NEITZEL, TREASURER

How to reach them

WebsiteVisit the charity’s website Emailiba@thinkiba.com Phone(215) 557-0190

Filing and classification

Latest tax year: 2023
Tax period began: July 1, 2023
Return type: 990
Tax preparer: BARATZ & ASSOCIATES PA
NTEE classification: Chambers of Commerce & Business Leagues (S41)
IRS tax category: Chambers of Commerce & Business Leagues
Grant-giving organization: Yes