Paltown Development Foundation INC EIN 81-4532089 Form 990 (PDF) Claim this org

Paltown Development Foundation INC

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Connects colorectal cancer patients and caregivers through a network of online support groups and resources. For fiscal year 2024 it reported $998K in revenue, $719K in expenses, and $470K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Edgewater, MD
Website
www.paltown.org
Filings
5 on file (2020–2024)
Revenue
$998KFY2024
Expenses
$719K
Net assets
$470K
People
16
Filings
5
Updates
0
More identity details & actions ⌄
EIN  81-4532089 Public charity (501(c)(3)) Edgewater, MD
Form 990 (PDF)
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Size
$100K–1M
What they do
Connects colorectal cancer patients and caregivers through a network of online support groups and resources.
Leadership
Tiffany Studebaker Freeman · Dir of Ops & Finance (from 6/24) · $50K
Money in and out
$998K revenue, $719K expenses
Bottom line
62% program efficiency
Where the money goes · FY2024
Total revenue
$998K
Pt VIII · Ln 12
Total expenses
$719K
Pt IX · Ln 25
Net assets
$470K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $280K
Where spending went · Part IX cols B–D
Program services $0.62 Management & general $0.33 Fundraising $0.05
Program efficiency
62%
of spending reaches programs▼ -6% vs prior filing year
Operating runway
8.3mo
months of highly liquid reserves at operating expense rate▲ +186% vs prior filing year
Surplus margin
+28%
revenue over expenses, this year▲ +365% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$998K
FY2024▲ +42%
Expenses
$719K
FY2024▼ -8%
Total assets
$496K
FY2024▲ +129%
Total liabilities
$27K
FY2024▲ +113%
Total revenue
$998K
Pt VIII · Ln 12
Total expenses
$719K
Pt IX · Ln 25
Net assets
$470K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$280K
Total assetsPt X · Ln 16$496K
Program-expense ratioPt IX · col B62%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

3 program services account for $354K of program spending, described in the organization's own filed words · FY2024.
01

Colontown

The colontown online community for colorectal cancer patients and caregivers grew from serving 10,000 members at the beginning of the year to over 12,600 by year end. The community of over 100 distinct subgroups is managed by a team of patients and caregivers, including a full-time program manager, along with more than 100 volunteer…

$258Kprogram expense
02

Colontown university is an online colorectal cancer education resource created with a patient centric lens. Patients and caregivers work together with our digital editor to create hundreds of pages of high-quality educational content.

$54Kprogram expense
03

Platform

Colontown has grown since its inception in 2011 to more than 100 private facebook groups serving over 11,000 colorectal cancer patients and caregivers. Facebook offers no native capability to manage collections of groups in a centralized way, and provides very limited analytic and administrative capabilities.

$42Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPaltown Development Foundation INC
EINHdr · item D81-4532089
Principal addressHdr · item CEdgewater, MD
WebsiteHdr · item Jwww.paltown.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFSep 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Dir of Ops & Finance (from 6/24)
$49,624Pt VII · Sec A
COO (until 6/24)
$35,028Pt VII · Sec A
Executive Dir. (from 11/24)
$18,215Pt VII · Sec A
Dir., Then Co-Chair (trans @ 11/24)
$0Pt VII · Sec A
Treasurer (from 6/24)
$0Pt VII · Sec A
Treasurer (until 6/24)
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Tiffany Studebaker Freeman’s $50K as Dir of Ops & Finance (from 6/24) is at the 37th percentile of top reported officer pay among 2165 $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.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Susan Wysoki$150,651$75,000$35,000
Erika Brown$69,984
Tiffany Studebaker Freeman$49,624
Nancy Seybold$35,028$40,000$40,000$40,000$39,500
Lindsay Sichta$18,215

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.

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Statement of Revenue

Part VIII
Contributions & grants100%$998K
Total revenueLn 12$998K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.62 Management & general $0.33 Fundraising $0.05
Program services62%$449K
Management & general33%$237K
Fundraising5%$33K
Total functional expensesLn 25$719K

Balance Sheet

Part X · end of year
CashLn 1$475K
Total assetsLn 16$496K
Total liabilitiesLn 26$27K
Total net assetsLn 32$470K
Months of cash on handcomputed7.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $495K · Operating expenses/yr $719K
8.3 months
Where the money goes
Program services
Program services $449K · Total expenses $719K
62%
Management & General
Management & general $237K · Total expenses $719K
33%
Fundraising
Fundraising $33K · Total expenses $719K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $56K · Solicited contributions (3-yr avg) $801K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $998K · Total revenue $998K
100%
Government reliance
Government grants — · Total revenue $998K
Earned-income share
Program service revenue $0 · Total revenue $998K
0%
Investment reliance
Investment income $0 · Total revenue $998K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $719K
0%
Growth & trend
Revenue growth (YoY)
This year $998K · Prior year $705K
+42%
Revenue CAGR
FY2020 $440K · FY2024 $998K
+23%
Net-asset trend (YoY)
End of year $470K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $998K · Expenses $719K
+28%
Liabilities-to-Assets
Total liabilities — · Total assets $496K
Net-asset ratio
Net assets $470K · Total assets $496K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $20K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $496K
4%
People & payroll
Highest Reported Total Compensation
Individual Tiffany Studebaker Freeman · Reported title DIR OF OPS & FINANCE (FROM 6/24) · Highest reported compensation $50K · Total expenses $719K
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $219K · Total expenses $719K
31%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 62%
Overhead ratio 33%
Fundraising cost ratio 3%
Revenue growth 42%
Investment management fee ratio 0.03%
Legal fee ratio 2%
Accounting fee ratio 7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 2 grants · $44K · 2021–2024
Unitemized GrantFY2024$19,213
Unitemized GrantFY2021$24,345

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$998K revenue · viewing · ⤓ 990 PDF
FY2023$705K revenue · ⤓ 990 PDF
FY2022$700K revenue · ⤓ 990 PDF
FY2021$566K revenue · ⤓ 990 PDF
FY2020$440K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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