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

P Michael Boone Foundation INC

Tax-deductible

Philadelphia, PA501(c)(3)Since 2016Human ServicesEIN 81-2560426Revenue $263K in FY2025

On file with the IRS532 W Midvale Ave, 19144-4618 · Philadelphia, PATax-exempt since Jul 2016Publicly supported — 509(a)(2)

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

Mentoring and training community youth for potential careers as barbers to provide for economic stability in their lives and neighborhoods.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
2 of 2
filings with a surplus
Average surplus $105K a year · 36% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 12.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $33K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$263K
-16% vs prior year
Spent
$229K
To programs
100%
Net assets
$231K
By yearFY2023–FY2025
Revenue
$263K
FY2025▼ -16%
Tap a bar for its year
Revenue by fiscal year
FY2023$69K
FY2024$313K
FY2025$263K
Expenses
$229K
FY2025▲ +67%
Tap a bar for its year
Expenses by fiscal year
FY2023Not on file
FY2024$137K
FY2025$229K
Net assets
$231K
FY2025▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2023$26K
FY2024$198K
FY2025$231K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2016.

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% · $229K

Form 990 Part IX, line 25. 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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Lanez Perry-Boone
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A

Prentice Boone’s $3K as President is at the 1st percentile of top reported officer pay among 2168 $100K–1M human services 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.

See P Michael Boone Foundation INC 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

Trains young people in barbering to build careers and strengthen their communities.

Questions for P Michael Boone Foundation INC

Tap to ask. P Michael Boone Foundation INC sees how many people are interested.

Your first name shows with your question. P Michael Boone Foundation INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $229K · in their own filed words · FY2025
01

Mentoring and training community youth for potential careers as barbers to provide for economic stability in their lives and neighborhoods.

$229Kprogram 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
Philadelphia City Fund INCFY2024$20K
The Philadelphia FoundationFY2024$13K
Total grants receivedfrom 2 funders$33K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$263K
Ln 12
Fees for servicesLn 2g$155K
Gifts and grantsLn 1h$104K
Other incomeLn 4–11$4K
Money outPt IX
$229K
Ln 25
Programscol B$229K
Owns and owesPt X
$231K
net assets · Ln 32
Cash and savingsLn 1–2$237K
Total assetsLn 16$237K
LiabilitiesLn 26$6K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$104K
Fees for servicesLn 2g$155K
Other incomeLn 4–11$4K
Total revenueLn 12$263K
Assets in detailPt X, end of year
CashLn 1$237K
Cash and savings togetherLn 1–2$237K
Total assetsLn 16$237K
LiabilitiesLn 26$6K
Net assetsLn 32$231K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
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 FY25End FY25
Cash and savingsLn 1–2$200K$237K
Total assetsLn 16$200K$237K
LiabilitiesLn 26$3K$6K
Net assetsLn 32$198K$231K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$747$747
Legal feesLn 11b$3K$3K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$6K$6K
OccupancyLn 16$34K$34K
TravelLn 17$8K$8K
Conferences, conventions and meetingsLn 19$4K$4K
InterestLn 20$205$205
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$165K$165K
All other expensesLn 24e$687$687
Total functional expensesLn 25$229K$229K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $263K$229K$34K$231K 990 PDF
FY2024 $313K$137K$176K$198K 990 PDF
FY2023 $69K$26K 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 FY2025 990 (6 parts)
Part I · Summary $262,522 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $130,000$103,522
I-9 Program service revenuePrior year $183,011$155,000
I-10 Investment income$0
I-11 Other revenue$4,000
I-12 Total revenuePrior year $313,011$262,522
I-13 Grants and similar amounts paidPrior year $2,790$747
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,450$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $130,861$228,241
I-18 Total expensesPrior year $137,101$228,988
I-19 Revenue less expensesPrior year $175,910$33,534
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $262,522 across 6 lines filed
VIII-1f All other contributions, gifts and grants$103,522
VIII-1h Total contributions, gifts and grants$103,522
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $155,000$155,000
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,000$4,000
VIII-12 Total revenueRelated to mission $159,000 · Unrelated business $0 · Excluded from tax $0$262,522
Part IX · Statement of functional expenses $228,988 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $747$747
IX-11b Legal feesPrograms $2,899$2,899
IX-12 Advertising and promotionPrograms $3,358$3,358
IX-13 Office expensesPrograms $6,405$6,405
IX-16 OccupancyPrograms $34,246$34,246
IX-17 TravelPrograms $8,135$8,135
IX-19 Conferences, conventions and meetingsPrograms $3,918$3,918
IX-20 InterestPrograms $205$205
IX-23 InsurancePrograms $3,027$3,027
IX-24 Other expenses (24a–d)Programs $165,361$165,361
IX-24e All other expensesPrograms $687$687
IX-25 Total functional expensesPrograms $228,988 · Management $0 · Fundraising $0$228,988
Part X · Balance sheet $237,236 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $200,464$237,236
X-16 Total assetsStart of year $200,464$237,236
X-17 Accounts payable and accrued expensesStart of year $2,832$6,070
X-26 Total liabilitiesStart of year $2,832$6,070
X-32 Total net assets or fund balancesStart of year $197,632$231,166
X-33 Total liabilities and net assetsStart of year $200,464$237,236
Part XI · Reconciliation of net assets $231,166 net assets at year end
XI-1 Total revenue$262,522
XI-2 Total expenses$228,988
XI-3 Revenue less expenses$33,534
XI-4 Net assets at start of year$197,632
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$231,166

Form 990 e-file (XML) FY2025 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.