Penn-Mar Foundation FY2021 filing

Tax-deductible

Freeland, MD501(c)(3)Foundations & GrantmakersEIN 23-2854773

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.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
6 of 6
filings with a surplus
Average surplus $2.0M a year · 74% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
17 mo
of spending, in cash
Looks good: 16.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $118K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$85K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.4M
+91% vs prior year
Spent
$654K
To programs
67%
Net assets
$12.3M
By yearFY2020–FY2025
Revenue
$3.4M
FY2021▲ +91%
Revenue by fiscal year
FY2020$1.8M
FY2021$3.4M
FY2022$3.7M
FY2023$1.9M
FY2024$2.0M
FY2025$3.2M
Expenses
$654K
FY2021▼ -13%
Expenses by fiscal year
FY2020$748K
FY2021$654K
FY2022$645K
FY2023$667K
FY2024$572K
FY2025$915K
Net assets
$12.3M
FY2021▲ +48%
Net assets by fiscal year
FY2020$8.3M
FY2021$12.3M
FY2022$13.0M
FY2023$15.0M
FY2024$17.5M
FY2025$20.1M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Dec 1997.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $436K Management & general 6% · $42K Fundraising 27% · $176K

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

Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Investment Committee Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Penn-Mar 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 15aNo

Programs and updates

Provides property, money, and loans to support Penn-Mar organizations in Maryland and Pennsylvania.

Provided by the organization

This section is blank until Penn-Mar Foundation claims this page.

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1 program service account for $436K of program spending, described in the organization's own filed words · FY2020.
01

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)

$436Kprogram expense

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Funders

Who pays for it.

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 2 funders$118K
Grants paid · 12 grants · $2.9M · 2019–2024
Penn-Mar Organization INC (md)MD · FY2024$321,138
Penn-Mar Organization INC (pa)MD · FY2024$297,336
Penn-Mar Organization INC (md)MD · FY2023$216,523
Penn-Mar Organization INC (pa)MD · FY2023$157,612
Penn-Mar Organization INC (md)MD · FY2022$395,345
Penn-Mar Organization INC (pa)MD · FY2022$124,332
Penn-Mar Organization INC (pa)MD · FY2021$350,000
Penn-Mar Organization INC (pa)MD · FY2020$349,995
Penn-Mar Organization INC (md)MD · FY2019$508,491
Penn-Mar Organization INC (pa)MD · FY2019$117,812

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$3.4M
Ln 12
Gifts and grantsLn 1h$2.8M
Investment incomeLn 3$583K
Money outPt IX
$654K
Ln 25
Programscol B$436K
Managementcol C$42K
Fundraisingcol D$176K
Owns and owesPt X
$12.3M
net assets · Ln 32
Cash and savingsLn 1–2$909K
Total assetsLn 16$12.4M
LiabilitiesLn 26$85K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.8M
Noncash giftsLn 1g$35K
Fundraising eventsLn 1c$492K
Investment incomeLn 3$583K
Gains on assetsLn 7$477K
Total revenueLn 12$3.4M
Assets in detailPt X, end of year
CashLn 1$420K
SavingsLn 2$490K
Cash and savings togetherLn 1–2$909K
InvestmentsLn 11–13$10.2M
Total assetsLn 16$12.4M
LiabilitiesLn 26$85K
Net assetsLn 32$12.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 658
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$937K$909K
InvestmentsLn 11–13$6.9M$10.2M
Total assetsLn 16$8.4M$12.4M
LiabilitiesLn 26$105K$85K
Net assetsLn 32$8.3M$12.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$421K$421K
Accounting feesLn 11c$13K$13K
Professional fundraising feesLn 11e$133K$133K
Investment management feesLn 11f$29K$29K
Other expenses (24a–d)Ln 24$58K$15K$43K
Total functional expensesLn 25$654K$436K$42K$176K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.2M$915K$2.3M$20.1M 990 PDF
FY2024 $2.0M$572K$1.4M$17.5M 990 PDF
FY2023 $1.9M$667K$1.3M$15.0M 990 PDF
FY2022 $3.7M$645K$3.1M$13.0M 990 PDF
FY2021 Viewing $3.4M$654K$2.7M$12.3M 990 PDF
FY2020 $1.8M$748K$1.0M$8.3M 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
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $3,372,642 across 8 lines filed
VIII-1c Fundraising events$492,146
VIII-1f All other contributions, gifts and grants$2,297,093
VIII-1g Noncash contributions (included above)$34,689
VIII-1h Total contributions, gifts and grants$2,789,239
VIII-3 Investment incomeExcluded from tax $106,636$106,636
VIII-7 Net gain or loss on sales of assetsExcluded from tax $476,767$476,767
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $583,403$3,372,642
Part IX · Statement of functional expenses $653,860 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $420,636$420,636
IX-11c Accounting feesManagement $13,459$13,459
IX-11e Professional fundraising feesFundraising $133,000$133,000
IX-11f Investment management feesManagement $28,813$28,813
IX-24 Other expenses (24a–d)Programs $15,012 · Fundraising $42,940$57,952
IX-25 Total functional expensesPrograms $435,648 · Management $42,272 · Fundraising $175,940$653,860
Part X · Balance sheet $12,363,560 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $381,771$419,822
X-2 Savings and temporary cash investmentsStart of year $555,536$489,629
X-3 Pledges and grants receivableStart of year $486,773$1,216,911
X-9 Prepaid expenses and deferred chargesStart of year $7,735$9,993
X-12 Other securitiesStart of year $6,945,661$10,227,205
X-16 Total assetsStart of year $8,377,476$12,363,560
X-17 Accounts payable and accrued expensesStart of year $28,959$26,370
X-25 Other liabilitiesStart of year $51,696$58,229
X-26 Total liabilitiesStart of year $104,584$84,599
X-27 Net assets without donor restrictionsStart of year $5,358,982$8,236,978
X-28 Net assets with donor restrictionsStart of year $2,913,910$4,041,983
X-32 Total net assets or fund balancesStart of year $8,272,892$12,278,961
X-33 Total liabilities and net assetsStart of year $8,377,476$12,363,560
Part XI · Reconciliation of net assets $12,278,961 net assets at year end
XI-1 Total revenue$3,372,642
XI-2 Total expenses$653,860
XI-3 Revenue less expenses$2,718,782
XI-4 Net assets at start of year$8,272,892
XI-5 Net unrealized gains (losses) on investments$1,287,287
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$12,278,961

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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