Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1986.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
8 people listed on the 990; $566K paid to officers and key staff (Part VII, Section A).
David N Taylor’s $300K as President, C is at the 86th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 4 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| David N Taylor | $300,001 | $312,453 | $307,139 | $290,417 | $272,250 |
| Carl a Marrara | $179,384 | $189,966 | $148,048 | $112,557 | $100,463 |
| Carol Spanitz | $132,202 | $137,776 | $119,976 | $123,252 | $107,824 |
| Lowman S Henry | $100,000 | $111,136 | $106,300 | $93,437 | $85,932 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Pma Foundation executive salaries →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
Funds educational programs about business and public policies impacting Pennsylvania's economy.
Questions for Pma Foundation
Your first name shows with your question. Pma Foundation answers here, for everyone.
Everything necessary and appropriate to promote the economic prosperity of the commonwealth of pa and its manufacturing and service industries were achieved in carrying out the organization's exempt purpose.
Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-6296953) · Dispute this lineBy the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $46K | $227K |
| InvestmentsLn 11–13 | $40.4M | $42.4M |
| Land, buildings, equipmentLn 10c | $1.1M | $1.6M |
| Total assetsLn 16 | $41.6M | $44.2M |
| LiabilitiesLn 26 | $7K | $28K |
| Net assetsLn 32 | $41.6M | $44.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $656K | |||
| Other salaries and wagesLn 7 | $54K | |||
| Pension plan contributionsLn 8 | $2K | |||
| Other employee benefitsLn 9 | $6K | |||
| Payroll taxesLn 10 | $40K | |||
| Legal feesLn 11b | $57K | |||
| Accounting feesLn 11c | $6K | |||
| Lobbying feesLn 11d | $20K | |||
| Investment management feesLn 11f | $140K | |||
| Office expensesLn 13 | $103 | |||
| OccupancyLn 16 | $85K | |||
| Depreciation, depletion and amortizationLn 22 | $50K | |||
| InsuranceLn 23 | $12K | |||
| Other expenses (24a–d)Ln 24 | $834K | |||
| Total functional expensesLn 25 | $2.0M | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled with the IRS Nov 17, 2025 | $2.7M | $2.7M | −$3K | $43.9M | 990 PDF |
| FY2023Filed with the IRS Oct 29, 2024 | $2.0M | $2.7M | −$765K | $41.4M | 990 PDF |
| FY2022Filed with the IRS Nov 15, 2023 | $2.1M | $2.3M | −$261K | $38.9M | 990 PDF |
| FY2021Filed with the IRS Sep 23, 2022 | $3.2M | $2.5M | $705K | $47.1M | 990 PDF |
| FY2020 ViewingFiled with the IRS Oct 14, 2021 | $2.1M | $2.0M | $142K | $44.2M | 990 PDF |
Schedules filed Part IV
See the full FY2020 990
Part I · Summary $2,103,471 revenue, 12 lines filed
Part VI · Governance 6 of 6 board members independent, 2 to look at
Part VIII · Statement of revenue $2,103,471 across 5 lines filed
Part IX · Statement of functional expenses $1,961,921 across 14 lines filed
Part X · Balance sheet $44,247,515 assets, 11 lines filed
Part XI · Reconciliation of net assets $44,219,545 net assets at year end
Form 990 e-file FY2020 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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