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Nonprofiteer
← PENN-MAR FOUNDATION

Form 990 for tax year 2024

Filed by PENN-MAR FOUNDATION.

Totals

Total revenue
$3,225,870
Total expenses
$915,114
Contributions and grants received
$1,616,587
Grants paid
$618,474
Program service revenue
$0
Investment income
$1,672,389
Other revenue
-$63,106
Total assets, end of year
$20,181,066
Total liabilities, end of year
$92,355
Net assets or fund balances, end of year
$20,088,711
Program services expenses (Part IX)
$638,063
Management and general expenses
$255,507
Fundraising expenses
$21,544
Program service expenses (Part III)
$638,063

Program services were 69.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $492,224

  • 1f · All other contributions, gifts and grants

    $1,124,363

  • 1g · Noncash contributions included above

    $88,098

  • 3 · Investment income

    total $522,533 · excluded $522,533

  • 7a · Gross sales of assets other than inventory

    securities $1,149,856

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $1,149,856

  • 7d · Net gain or loss

    total $1,149,856 · excluded $1,149,856

  • 8a · Fundraising events: gross income

    $159,802

  • 8a · Fundraising events: contributions included on line 1c

    $492,224

  • 8b · Fundraising events: direct expenses

    $222,908

  • 8c · Net income from fundraising events

    total -$63,106 · excluded -$63,106

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $618,474 · program services $618,474

  • 11c · Fees: accounting

    total $11,440 · management and general $11,440

  • 11f · Fees: investment management

    total $44,067 · management and general $44,067

  • 24a · Other expenses: BAD DEBT

    total $200,000 · management and general $200,000

  • 24b · Other expenses: SPECIAL EVENT EXPENSES

    total $21,544 · fundraising $21,544

  • 24c · Other expenses: EMPLOYEE CARE FUND

    total $10,025 · program services $10,025

  • 24d · Other expenses: BANK FEES

    total $8,738 · program services $8,738

  • 24e · All other expenses

    total $826 · program services $826

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $309,049 · end of year $109,260

  • 2 · Savings and temporary cash investments

    beginning of year $2,155,111 · end of year $1,322,224

  • 3 · Pledges and grants receivable

    beginning of year $900,655 · end of year $556,650

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,330 · end of year $11,243

  • 12 · Investments: other securities

    beginning of year $14,237,260 · end of year $18,181,689

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,492 · end of year $34,744

  • 25 · Other liabilities

    beginning of year $57,611 · end of year $57,611

  • 27 · Net assets without donor restrictions

    beginning of year $10,988,782 · end of year $12,231,918

  • 28 · Net assets with donor restrictions

    beginning of year $6,549,520 · end of year $7,856,793

Mission and programs · 2024

Mission

TO MAKE GIFTS, GRANTS, LOANS, ETC. OF ANY OF ITS PROPERTY TO OR FOR THE BENEFIT OF PENN-MAR ORGANIZATION, INC. (OF MARYLAND) AND PENN-MAR ORGANIZATION, INC. (OF PENNSYLVANIA), BOTH 501 (C) (3) ORGANIZATIONS.

  • THE FOUNDATION RECEIVED CONTRIBUTIONS IN THE CURRENT YEAR THAT WILL BE USED FOR THE BENEFIT OF PENN-MAR ORGANIZATION, INC. (OF MARYLAND) AND PENN-MAR ORGANIZATION, INC. (OF PENNSYLVANIA)

    Expenses $638,063 · Grants $618,474

As filed on the 2024 return.

Listed in Part VII

  • Anthony Gallo

    IMMEDIATE PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Bruce Bartels

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anthony P Campisi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deric Emry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kristine Crosswhite

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Yanavitch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jason Polun

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Pitts-Madonna

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Julia Huggins

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Joe Dipaola

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Holly Litrenta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Shifrin

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Gregory T Miller

    CEO

    Total calculated
    $448,991
    From this org
    $0
    From related orgs
    $405,906
    Other
    $43,085
    Hours/week
    6

    Schedule J breakdown matched by us

    Base
    $0 + $405,906 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $43,085 related
    Filer's total
    $0 + $448,991 related

  • Katherine A Rogers

    ED

    Total calculated
    $250,797
    From this org
    $0
    From related orgs
    $230,876
    Other
    $19,921
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    $0 + $230,876 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $19,921 related
    Filer's total
    $0 + $250,797 related

  • Michael J Mahon

    CFO, IMMEDIATE PAST

    Total calculated
    $272,293
    From this org
    $0
    From related orgs
    $229,242
    Other
    $43,051
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $0 + $229,242 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $43,051 related
    Filer's total
    $0 + $272,293 related

  • Marvin Pyles

    CFO

    Total calculated
    $8,025
    From this org
    $0
    From related orgs
    $8,025
    Other
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
CERTAIN INDIVIDUALS WERE ABLE TO RECEIVE ADDITIONAL BENEFITS UNDER A 457(B) PLAN. THESE AMOUNTS HAVE BEEN LISTED AS NONTAXABLE BENEFITS IN PART II OF SCHEDULE J.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
13 February 2026
IRS schema version
2024v5.5
Source object
202620509349300307

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