Parvee Foundation FY2023 filing

Doylestown, PA · Public charity (501(c)(3)) · Since 1979

✓ Tax-deductible Latest data FY2023
Revenue
$146K
▲ +19% vs prior year
Spent
$87K
To programs
85%
Net assets
$1.5M
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending December 2023 (IRS tax year 2023).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Foundation funders?
1 funder — Erik T Hostvedt Foundation
$1K in the latest grant year.
Spent on programs?
85% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +19% vs prior year
Legal name (IRS)Hdr · item CParvee Foundation
EINHdr · item D23-2107254
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFNov 1979
Year of formationHdr · item L1979
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CDoylestown, PA
NTEE classificationIRS BMFNonprofit

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.15
Program services85%$74K
Management & general15%$13K
Total functional expensesLn 25$87K

Financial health

Revenue & expenses by yearFY2020–FY2025
Revenue
$146K
FY2023▲ +19%
Expenses
$87K
FY2023▼ -35%
Program efficiency
85%
of spending reaches programs
Operating runway
211.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+40%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$1.5M
FY2023▲ +14%
Total liabilities
$0
FY2023
Revenue less expensesPt I · Ln 19$59K
Total assetsPt X · Ln 16$1.5M
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Balance Sheet

Part X · end of year
CashLn 1$113K
Total assetsLn 16$1.5M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.5M
Months of cash on handcomputed15.5

Statement of Revenue

Part VIII
Contributions & grants$85K · 58%
Investment income$61K · 42%
Contributions & grants58%$85K
Investment income42%$61K
Total revenueLn 12$146K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.5M · Operating expenses/yr $87K
211.3 months
Where the money goes
Program services
Program services $74K · Total expenses $87K
85%
Management & General
Management & general $13K · Total expenses $87K
15%
Fundraising
Fundraising $0 · Total expenses $87K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $86K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $85K · Total revenue $146K
58%
Government reliance
Government grants — · Total revenue $146K
—
Earned-income share
Program service revenue $0 · Total revenue $146K
0%
Investment reliance
Investment income $61K · Total revenue $146K
+42%
Program self-sufficiency
Program service revenue $0 · Total expenses $87K
0%
Growth & trend
Revenue growth (YoY)
This year $146K · Prior year $122K
+19%
Net-asset trend (YoY)
End of year $1.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $146K · Expenses $87K
+40%
Liabilities-to-Assets
Total liabilities — · Total assets $1.5M
—
Net-asset ratio
Net assets $1.5M · Total assets $1.5M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.4M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.5M
93%
People & payroll
Highest Reported Total Compensation
Individual Ed Kohlhepp · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $87K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $87K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 85%——
Overhead ratio 15%——
Fundraising cost ratio 0%——
Revenue growth 19%——
Investment management fee ratio 0.7%——
Accounting fee ratio 2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Assistant Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Parvee Foundation executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Provides monthly financial aid for Pine Run residents unable to pay their fees.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $74K of program spending, described in the organization's own filed words · FY2023.
01

Provide monthly benefits for residents of pine run retirement community who are no longer able to pay the monthly residents fee.

$74Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$1K
Grants paid · 9 grants · $643K · 2020–2025
Unitemized GrantFY2025$168,750
Unitemized GrantFY2024$80,800
Unitemized GrantFY2023$73,800
Pine Run CommunityPA · FY2022$66,000
Unitemized GrantFY2022$55,300
Unitemized GrantFY2021$51,090
Pine Run CommunityPA · FY2021$50,000
Unitemized GrantFY2020$66,948
Pine Run CommunityPA · FY2020$30,000

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $176K$185K-14% 990 PDF
FY2024 $204K$96K+40% 990 PDF
FY2023 Viewing $146K$87K+19% 990 PDF
FY2022 $122K$134K-31% 990 PDF
FY2021 $177K$114K+39% 990 PDF
FY2020 $127K$108K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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