Manas Development Group: FY2021 Nonprofit Profile & Form 990 (EIN 51-0546095)

Revenue by fiscal year
FY2020	$906K
FY2021	$620K
FY2022	$800K
FY2023	$442K
FY2024	$1.1M

Expenses by fiscal year
FY2020	$731K
FY2021	$537K
FY2022	$1.2M
FY2023	$554K
FY2024	$679K

Net assets by fiscal year
FY2020	$963K
FY2021	$1.0M
FY2022	$649K
FY2023	$537K
FY2024	$981K

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

86 cents of each dollar spent went to programs.

86%

14%

Program services 86% · $459K Management & general 14% · $78K

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

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

Robert Dunlop

Director

$0Pt VII · Sec A

Kenley Tarter

Director

$0Pt VII · Sec A

Robert Cline JR

Director

$0Pt VII · Sec A

See Manas Development Group 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

Empowers underserved communities through social and economic development initiatives.

Provided by the organization

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1 program · $459K · in their own filed words · FY2021

01

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

$459Kprogram 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 FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$620K

Ln 12

Gifts and grantsLn 1h$557K

Fees for servicesLn 2g$40K

Investment incomeLn 3$20K

Money outPt IX

$537K

Ln 25

Programscol B$459K

Managementcol C$78K

Owns and owesPt X

$1.0M

net assets · Ln 32

Cash and savingsLn 1–2$25K

Total assetsLn 16$1.7M

LiabilitiesLn 26$628K

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$557K

Fees for servicesLn 2g$40K

Investment incomeLn 3$20K

Other incomeLn 4–11$4K

Total revenueLn 12$620K

Assets in detailPt X, end of year

CashLn 1$25K

Cash and savings togetherLn 1–2$25K

InvestmentsLn 11–13$421K

Other assetsLn 15$69K

Total assetsLn 16$1.7M

LiabilitiesLn 26$628K

Net assetsLn 32$1.0M

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$20K	$25K
InvestmentsLn 11–13	$384K	$421K
Total assetsLn 16	$1.4M	$1.7M
LiabilitiesLn 26	$394K	$628K
Net assetsLn 32	$963K	$1.0M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Legal feesLn 11b	$8K		$8K
Accounting feesLn 11c	$9K		$9K
Other fees for servicesLn 11g	$459K	$458K	$750
Advertising and promotionLn 12	$17K		$17K
Office expensesLn 13	$4K		$4K
Information technologyLn 14	$7K		$7K
OccupancyLn 16	$17K		$17K
TravelLn 17	$3K	$1K	$2K
Conferences, conventions and meetingsLn 19	$546		$546
InterestLn 20	$1K		$1K
InsuranceLn 23	$3K		$3K
Other expenses (24a–d)Ln 24	$8K		$8K
Total functional expensesLn 25	$537K	$459K	$78K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$1.1M	$679K	$444K	$981K	990 PDF
FY2023	$442K	$554K	−$112K	$537K	990 PDF
FY2022	$800K	$1.2M	−$414K	$649K	990 PDF
FY2021 Viewing	$620K	$537K	$83K	$1.0M	990 PDF
FY2020	$906K	$731K	$175K	$963K	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 (6 parts)

Part I · Summary $620,334 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $902,271$556,561

I-9 Program service revenuePrior year $3,617$40,481

I-10 Investment incomePrior year $0$19,737

I-11 Other revenuePrior year $0$3,555

I-12 Total revenuePrior year $905,888$620,334

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 $731,250$537,166

I-18 Total expensesPrior year $731,250$537,166

I-19 Revenue less expensesPrior year $174,638$83,168

Part VI · Governance 3 of 5 board members independent, 3 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members3

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 $620,334 across 6 lines filed

VIII-1f All other contributions, gifts and grants$556,561

VIII-1h Total contributions, gifts and grants$556,561

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $40,481$40,481

VIII-3 Investment incomeRelated to mission $19,737$19,737

VIII-8 Net income from fundraising eventsExcluded from tax $3,555$3,555

VIII-12 Total revenueRelated to mission $60,218 · Unrelated business $0 · Excluded from tax $3,555$620,334

Part IX · Statement of functional expenses $537,166 across 12 lines filed

IX-11b Legal feesManagement $8,286$8,286

IX-11c Accounting feesManagement $8,543$8,543

IX-11g Other fees for servicesPrograms $458,128 · Management $750$458,878

IX-12 Advertising and promotionManagement $17,034$17,034

IX-13 Office expensesManagement $3,972$3,972

IX-14 Information technologyManagement $7,155$7,155

IX-16 OccupancyManagement $16,743$16,743

IX-17 TravelPrograms $1,160 · Management $2,326$3,486

IX-19 Conferences, conventions and meetingsManagement $546$546

IX-20 InterestManagement $1,200$1,200

IX-23 InsuranceManagement $3,363$3,363

IX-24 Other expenses (24a–d)Management $7,960$7,960

IX-25 Total functional expensesPrograms $459,288 · Management $77,878 · Fundraising $0$537,166

Part X · Balance sheet $1,673,780 assets, 12 lines filed

Asset lines not itemized here account for $984,141; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $19,500$25,299

X-3 Pledges and grants receivableStart of year $429,740$174,954

X-13 Program-related investmentsStart of year $383,593$420,773

X-15 Other assetsStart of year $63,588$68,613

X-16 Total assetsStart of year $1,356,609$1,673,780

X-17 Accounts payable and accrued expensesStart of year $62,406$191,090

X-24 Unsecured notes and loans payableStart of year $165,000$225,000

X-25 Other liabilitiesStart of year $166,339$211,658

X-26 Total liabilitiesStart of year $393,745$627,748

X-27 Net assets without donor restrictionsStart of year $962,864$1,046,032

X-32 Total net assets or fund balancesStart of year $962,864$1,046,032

X-33 Total liabilities and net assetsStart of year $1,356,609$1,673,780

Part XI · Reconciliation of net assets $1,046,032 net assets at year end

XI-1 Total revenue$620,334

XI-2 Total expenses$537,166

XI-3 Revenue less expenses$83,168

XI-4 Net assets at start of year$962,864

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$1,046,032

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

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Manas Development Group FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV