philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Manas Development Group

Tax-deductible

Washington, DC501(c)(3)InternationalEIN 51-0546095Revenue $1.1M in FY2024

On file with the IRSmanasdevelopment.org611 Pennsylvania Ave Se 256, 20003-4303 · Washington, DCTax-exempt since Sep 2006Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

Social and economic Development in economically underserved markets.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $35K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$609K
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+154% vs prior year
Spent
$679K
To programs
91%
Net assets
$981K
By yearFY2020–FY2024
Revenue
$1.1M
FY2024▲ +154%
Tap a bar for its year
Revenue by fiscal year
FY2020$906K
FY2021$620K
FY2022$800K
FY2023$442K
FY2024$1.1M
Expenses
$679K
FY2024▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2020$731K
FY2021$537K
FY2022$1.2M
FY2023$554K
FY2024$679K
Net assets
$981K
FY2024▲ +83%
Tap a bar for its year
Net assets by fiscal year
FY2020$963K
FY2021$1.0M
FY2022$649K
FY2023$537K
FY2024$981K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2006.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $618K Management & general 9% · $61K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Samuel Lam
President
$0Pt VII · Sec A
Bryan Cheung
Director
$0Pt VII · Sec A
Mark Franco
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Manas Development Group executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

Empowers underserved communities through social and economic development initiatives.

Questions for Manas Development Group

Tap to ask. Manas Development Group sees how many people are interested.

Your first name shows with your question. Manas Development Group answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $618K · in their own filed words · FY2024
01

Specifically, the group promotes economic development projects to facilitate broad economic development in asia, north africa, and the middle east.

$618Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Fidelity Investments Charitable Gift FundFY2024$25K
Total grants receivedfrom 1 funder$25K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$1.0M
Investment incomeLn 3$46K
Fees for servicesLn 2g$42K
Money outPt IX
$679K
Ln 25
Programscol B$618K
Managementcol C$61K
Owns and owesPt X
$981K
net assets · Ln 32
Cash and savingsLn 1–2$10K
Total assetsLn 16$1.6M
LiabilitiesLn 26$609K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Fundraising eventsLn 1c$5K
Fees for servicesLn 2g$42K
Investment incomeLn 3$46K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$10K
Cash and savings togetherLn 1–2$10K
InvestmentsLn 11–13$373K
Other assetsLn 15$2K
Total assetsLn 16$1.6M
LiabilitiesLn 26$609K
Net assetsLn 32$981K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$50$10K
InvestmentsLn 11–13$373K$373K
Total assetsLn 16$1.1M$1.6M
LiabilitiesLn 26$560K$609K
Net assetsLn 32$537K$981K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$150K$150K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$18K$18K
Other fees for servicesLn 11g$455K$453K$2K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$681$681
Information technologyLn 14$6K$6K
OccupancyLn 16$11K$11K
TravelLn 17$2K$2K
InterestLn 20$11K$11K
Other expenses (24a–d)Ln 24$20K$15K$5K
Total functional expensesLn 25$679K$618K$61K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.1M$679K$444K$981K 990 PDF
FY2023 $442K$554K−$112K$537K 990 PDF
FY2022 $800K$1.2M−$414K$649K 990 PDF
FY2021 $620K$537K$83K$1.0M 990 PDF
FY2020 $906K$731K$175K$963K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2024 990 (6 parts)
Part I · Summary $1,123,252 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $424,003$1,047,014
I-9 Program service revenuePrior year −$8,798$41,513
I-10 Investment incomePrior year $14,580$46,191
I-11 Other revenuePrior year $12,491−$11,466
I-12 Total revenuePrior year $442,276$1,123,252
I-13 Grants and similar amounts paidPrior year $0$150,000
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 $553,983$528,928
I-18 Total expensesPrior year $553,983$678,928
I-19 Revenue less expensesPrior year −$111,707$444,324
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,123,252 across 7 lines filed
VIII-1a Federated campaigns$1,042,014
VIII-1c Fundraising events$5,000
VIII-1h Total contributions, gifts and grants$1,047,014
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $41,513$41,513
VIII-3 Investment incomeRelated to mission $46,191$46,191
VIII-8 Net income from fundraising eventsExcluded from tax −$11,466−$11,466
VIII-12 Total revenueRelated to mission $87,704 · Unrelated business $0 · Excluded from tax −$11,466$1,123,252
Part IX · Statement of functional expenses $678,928 across 11 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $150,000$150,000
IX-11b Legal feesManagement $4,393$4,393
IX-11c Accounting feesManagement $17,678$17,678
IX-11g Other fees for servicesPrograms $452,759 · Management $2,356$455,115
IX-12 Advertising and promotionManagement $1,064$1,064
IX-13 Office expensesManagement $681$681
IX-14 Information technologyManagement $6,242$6,242
IX-16 OccupancyManagement $11,280$11,280
IX-17 TravelManagement $1,520$1,520
IX-20 InterestManagement $11,205$11,205
IX-24 Other expenses (24a–d)Programs $15,000 · Management $4,750$19,750
IX-25 Total functional expensesPrograms $617,759 · Management $61,169 · Fundraising $0$678,928
Part X · Balance sheet $1,590,389 assets, 12 lines filed
Asset lines not itemized here account for $1,031,544; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $50$9,759
X-3 Pledges and grants receivableStart of year $32,433$173,485
X-13 Program-related investmentsStart of year $373,251$373,251
X-15 Other assetsStart of year $2,350$2,350
X-16 Total assetsStart of year $1,096,567$1,590,389
X-17 Accounts payable and accrued expensesStart of year $111,777$161,407
X-24 Unsecured notes and loans payableStart of year $24,780$0
X-25 Other liabilitiesStart of year $423,108$447,756
X-26 Total liabilitiesStart of year $559,665$609,163
X-27 Net assets without donor restrictionsStart of year $536,902$981,226
X-32 Total net assets or fund balancesStart of year $536,902$981,226
X-33 Total liabilities and net assetsStart of year $1,096,567$1,590,389
Part XI · Reconciliation of net assets $981,226 net assets at year end
XI-1 Total revenue$1,123,252
XI-2 Total expenses$678,928
XI-3 Revenue less expenses$444,324
XI-4 Net assets at start of year$536,902
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$981,226

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.