The mission of Pec Foundation is to oversee, invest, and make qualifying grants to the following pennsylvania nonprofit corporations: hopephl and hopephl community development corporation.

501(c)(3) charity; gifts are tax-deductible.
36¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $128K a year · 59% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
36%
of spending
Concern: 36% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
90 mo
of spending, in cash
Plus $6.4M in investments, Pt X · Ln 11–13
Looks good: 90.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$805K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$204K
-43% vs prior year
Spent
$28K
To programs
36%
Net assets
$6.6M
By yearFY2020–FY2025
Revenue
$204K
FY2023▼ -43%
Tap a bar for its year
Revenue by fiscal year
FY2020$34K
FY2021$189K
FY2022$357K
FY2023$204K
FY2024$292K
FY2025$227K
Expenses
$28K
FY2023▲ +68%
Tap a bar for its year
Expenses by fiscal year
FY2020$220K
FY2021$221K
FY2022$17K
FY2023$28K
FY2024$24K
FY2025$25K
Net assets
$6.6M
FY2023▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.7M
FY2021$6.6M
FY2022$6.0M
FY2023$6.6M
FY2024$7.1M
FY2025$7.7M

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1996.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

36 cents of each dollar spent went to programs.

Program services 36% · $10K Management & general 64% · $18K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Board Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President - Hopephl
$0Pt VII · Sec A
See The Pec Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Invests in and grants funds to Pennsylvania nonprofits for community development.

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Provided by the organization

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2 programs · $12K · in their own filed words · FY2022
01

The foundation is a supporting organization and is organized and operated to raise and manage funds for the benefit and support of hopephl and the hopephl community development corporation.

$10Kprogram expense
02

The foundation is a supporting organization and is organized and operated to raise and manage funds for the benefit and support of hopephl and the hopephl community development corporation.

$2Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $400K · 2019–2020
People's Emergency CenterPA · FY2020$200,000
People's Emergency CenterPA · FY2019$200,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$204K
Ln 12
Investment incomeLn 3$330K
Money outPt IX
$28K
Ln 25
Programscol B$10K
Managementcol C$18K
Owns and owesPt X
$6.6M
net assets · Ln 32
Cash and savingsLn 1–2$211K
Total assetsLn 16$7.4M
LiabilitiesLn 26$805K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$330K
Total revenueLn 12$204K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$211K
Total assetsLn 16$7.4M
LiabilitiesLn 26$805K
Net assetsLn 32$6.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $227K$25K$202K$7.7M 990 PDF
FY2024 $292K$24K$268K$7.1M 990 PDF
FY2023 Viewing $204K$28K$176K$6.6M 990 PDF
FY2022 $357K$17K$340K$6.0M 990 PDF
FY2021 $189K$221K−$33K$6.6M 990 PDF
FY2020 $34K$220K−$186K$5.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons A · Public support O · Explanations
See the full FY2023 990 (1 part)
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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