Penn-Mar Development Corporation FY2023 filing

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To receive & administer funds for, to establish, maintain, supervise, coordinate, assist & perform planning and other functions for, and to carry out the charitable & educational purposes of Penn-Mar organization, INC. (of MD) and Penn-Mar organization, INC. (of PA)

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-1657868) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
100¢ 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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $26K a year · 80% of revenue · last 6 filings
A surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
22.9 mo
of spending, in cash
22.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$153K
27% of total assets
Liabilities are 27% of assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$30K
-6% vs prior year
Spent
$63K
To programs
100%
Net assets
$407K
By yearFY2020–FY2025
Revenue
$30K
FY2023▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$44K
FY2021$33K
FY2022$32K
FY2023$30K
FY2024$32K
FY2025$29K
Expenses
$63K
FY2023▲ +0.9%
Tap a bar for its year
Expenses by fiscal year
FY2020$53K
FY2021$45K
FY2022$62K
FY2023$63K
FY2024$65K
FY2025$69K
Net assets
$407K
FY2023▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020$483K
FY2021$471K
FY2022$440K
FY2023$407K
FY2024$374K
FY2025$334K

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

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 Aug 1999.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $63K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Chairman & CEO
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Penn-Mar Development Corporation 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 15aNo

Programs and updates

Administers funds and performs planning for charitable and educational purposes.

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1 program · $63K · in their own filed words · FY2022
01

Purchased property for the use of penn-mar organization, inc. (of MD) and penn-mar organization, inc. (of pa) in it's residential program for persons with developmental DISABILITIES.PROVIDED/RENTED living quarters to persons with developmental disabilities who participate in the programs of penn-mar organization, inc (of MD) and penn-mar…

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-1657868) · Dispute this line
$63Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$30K
Ln 12
Fees for servicesLn 2g$30K
Money outPt IX
$63K
Ln 25
Programscol B$63K
Owns and owesPt X
$407K
net assets · Ln 32
Cash and savingsLn 1–2$121K
Total assetsLn 16$560K
LiabilitiesLn 26$153K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$30K
Total revenueLn 12$30K
Assets in detailPt X, end of year
CashLn 1$121K
Cash and savings togetherLn 1–2$121K
Accounts receivableLn 4$1K
Land, buildings, equipmentLn 10c$438K
Total assetsLn 16$560K
LiabilitiesLn 26$153K
Net assetsLn 32$407K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$205K$121K
Land, buildings, equipmentLn 10c$410K$438K
Total assetsLn 16$619K$560K
LiabilitiesLn 26$178K$153K
Net assetsLn 32$440K$407K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K$1K
Depreciation, depletion and amortizationLn 22$15K$15K
Other expenses (24a–d)Ln 24$45K$45K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$63K$63K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 19, 2026 $29K$69K−$40K$334K 990 PDF
FY2024Filed with the IRS Apr 28, 2025 $32K$65K−$33K$374K 990 PDF
FY2023 ViewingFiled with the IRS Mar 8, 2024 $30K$63K−$33K$407K 990 PDF
FY2022Filed with the IRS Mar 16, 2023 $32K$62K−$31K$440K 990 PDF
FY2021Filed with the IRS May 12, 2022 $33K$45K−$12K$471K 990 PDF
FY2020Filed with the IRS Apr 22, 2021 $44K$53K−$10K$483K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $29,601 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $31,500$29,601
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $31,500$29,601
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $62,449$63,033
I-18 Total expensesPrior year $62,449$63,033
I-19 Revenue less expensesPrior year −$30,949−$33,432
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $29,601 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $29,601$29,601
VIII-12 Total revenueRelated to mission $29,601 · Unrelated business $0 · Excluded from tax $0$29,601
Part IX · Statement of functional expenses $63,033 across 4 lines filed
IX-11c Accounting feesPrograms $1,308$1,308
IX-22 Depreciation, depletion and amortizationPrograms $14,866$14,866
IX-24 Other expenses (24a–d)Programs $45,045$45,045
IX-24e All other expensesPrograms $1,814$1,814
IX-25 Total functional expensesPrograms $63,033 · Management $0 · Fundraising $0$63,033
Part X · Balance sheet $560,288 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $205,355$120,517
X-4 Accounts receivableStart of year $3,233$1,273
X-10c Land, buildings and equipment, netStart of year $410,264$438,498
X-16 Total assetsStart of year $618,852$560,288
X-17 Accounts payable and accrued expensesStart of year $178,454$153,323
X-26 Total liabilitiesStart of year $178,454$153,323
X-27 Net assets without donor restrictionsStart of year $440,398$406,965
X-32 Total net assets or fund balancesStart of year $440,398$406,965
X-33 Total liabilities and net assetsStart of year $618,852$560,288
Part XI · Reconciliation of net assets $406,965 net assets at year end
XI-1 Total revenue$29,601
XI-2 Total expenses$63,033
XI-3 Revenue less expenses−$33,432
XI-4 Net assets at start of year$440,398
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$406,965

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

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