Knowledge Center

Two Organizations, One Shared Vision: A Stronger Community

running-a-business | Read Time: 3 minutes

By WSFS Contributor | Published: January 2022

image

How WSFS Helps The Boys & Girls Clubs of Philadelphia Serve the Region’s Most In-Need
The Boys & Girls Clubs of Philadelphia has been serving youth since 1887, when the Germantown Club first opened its doors. Since then, the organization has expanded, providing quality programming to youth in neighborhoods across Philadelphia. Its mission: to enable all young people, especially those most in need, to reach their full potential as productive, caring, responsible citizens. Over the past 134 years, The Boys & Girls Clubs of Philadelphia has grown to 21 clubs throughout the region’s most impoverished communities and the dedicated staff, volunteers, and partners work together to impact more than 9,600 young people each year.

“As a nonprofit organization, financial stability is always top of mind,” said Joseph and Lisabeth Marziello, President-CEOs of the Boys & Girls Clubs of Philadelphia. “How can we be sure we are operating as efficiently and responsibly as possible so that the maximum amount of dollars can be spent where they are truly needed… providing resources and programming to those in need. Strong financial relationships are key to the growing demands and strategic landscape of our fast-paced nonprofit.”

Strengthening the financial stability of the organization was a core tenet of the Marziellos’ mission when they joined The Boys & Girls Clubs in 2012. Their longstanding relationship with the team at WSFS has been critical in helping to ensure that the community’s everchanging needs are met.

“The key advantages to working with a partner like WSFS is that they are local,” added the Marziellos. “Not only are they local, but they also understand the community and our needs. WSFS has woven their business into the fabric of this region.”

Most importantly, the Marziellos note that in addition to their WSFS team’s historical knowledge of The Club’s operations and community, they share in its core values of trust, loyalty, ethics, transparency, and civic responsibility.

Duane Lacsamana and Pat Fisher of WSFS have worked with The Boys and Girls Clubs of Philadelphia for years, providing guidance in key financial aspects, such as applying for available grants and understanding eligibility requirements for different programs within the City of Philadelphia and the Philadelphia Housing Authority. Amid the pandemic, the two organizations navigated the unprecedented times together as The Boys & Girls Clubs operations pivoted to providing meals to low-income families while working to retain more than 220 employee positions.

Lacsamana states, “Working side by side with the Boys and Girls Clubs of Philadelphia really allowed me to see the results from their fundraising and the impact it has on our community. The Marziellos have transformed several buildings into a haven for the children of our City. Now, more than ever, with COVID-19 and the rising gun violence that plagues the city, the clubs and their programs have allowed the children to empower themselves, learn, and just be kids. We are fortunate to play a small part of their success.”

What’s next for The Clubs?

“We are continuing to change the landscape of opportunity with renovated buildings, new construction, new and improved programs, and transformational life experiences for the kids who need us most,” said the Marziellos.

 

Why a Local Banking Partner Might be the Best Fit for Your National Business

We first started HLI Rail and Rigging and Mars Transformers in the tri-state area, moving turbines, generators, large portions of bridges, and even buildings by ocean, barge, rail, and large and small trucks. If something heavy needs to be moved, we are the team to do it. Since then, we have scaled our business and now operate across North America. An important part of this growth was finding the right business partners. Just as important as your accountant, machine equipment or computer systems, is the right banking partner.

Read More

How a New Banking Partner Can Change the Trajectory of Your Business

Having been a business owner for 40 years, I know that making the decision to change vendors, after years of partnership, can be daunting. Now, apply that to switching a banking relationship, and the decision becomes harder. A proven track record and solid customer relationships are a driving factor in the success of our Pennsauken-based business, our best attribute has been the ability to adapt and tackle projects with a dedicated approach and attention to detail.

Read More

Top Tools to Improve Cash Flow

Having solid cash management practices is one of the most essential processes in any company. Without a set of smart strategies for monitoring, assessing and improving the company’s financials, it can quite simply find itself out of business.

Read More

Proactive Considerations for Mitigating Financial Cyberattacks

Whether it’s a compromised business email, ransomware, accounts payable fraud, mail theft, or an investment scam, we’ve all heard of, experienced or know someone who has fallen victim to one of these fraud trends. Even as technology companies and financial sectors work together to develop innovative ways to protect accounts and businesses, hackers are working simultaneously to develop their own “innovative” methods to gain access to money that isn’t theirs.

Read More

Cash Flow Tips to Help Your Business Post-Pandemic

It’s no secret that the COVID-19 pandemic forced a surge in technology adoption across numerous industries. However, despite the availability of technology-driven forms of payment such as credit cards, P2P, and mobile wallets, a recent nationwide study by Cash Connect and One Poll revealed that out of 1,500 people surveyed, 40% prefer to use cash as their payment method. Furthermore, 51% of respondents agreed that using cash helps them budget their money, underlying the notion that cash remains a mainstay. Knowing these preferences amongst consumers, it’s imperative that businesses continue to make cash payments a priority.

Read More