Foundation for Philippine Progress EIN 82-4798841 Form 990 (PDF) Claim this org

Foundation for Philippine Progress FY2022 filing

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Empowers communities with programs for health, education, and human rights in the Philippines. For fiscal year 2022 it reported $290K in revenue, $303K in expenses, and $46K in net assets.Pt I

Type
Public charity (501(c)(3)) · International
Location
Portland, OR
Website
www.philippineprogress.org
Filings
3 on file (2022–2022)
Revenue
$290KFY2022
Expenses
$303K
Net assets
$46K
People
5
Filings
3
Updates
0
More identity details & actions ⌄
EIN  82-4798841 Public charity (501(c)(3)) Portland, OR
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Empowers communities with programs for health, education, and human rights in the Philippines.
Leadership
Rossella De Leon · Executive Director · $30K
Money in and out
$290K revenue, $303K expenses
Bottom line
94% program efficiency
Where the money goes · FY2022
Total revenue
$290K
Pt VIII · Ln 12
Total expenses
$303K
Pt IX · Ln 25
Net assets
$46K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$13K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.05 Fundraising $0.00
Program efficiency
94%
of spending reaches programs
Operating runway
1.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$290K
FY2022
Expenses
$303K
FY2022
Total assets
$46K
FY2022
Total liabilities
$0
FY2022
Total revenue
$290K
Pt VIII · Ln 12
Total expenses
$303K
Pt IX · Ln 25
Net assets
$46K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$13K
Total assetsPt X · Ln 16$46K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFoundation for Philippine Progress
EINHdr · item D82-4798841
Principal addressHdr · item CPortland, OR
WebsiteHdr · item Jwww.philippineprogress.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q30)
Ruling yearIRS BMFApr 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
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
Executive Director
$30,000Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Vice Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Rossella De Leon’s $30K as Executive Director is at the 72nd percentile of top reported officer pay among 165 <$100K international 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022
Rossella De Leon$30,000$30,000$30,000

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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Mission & Programs · Part III

Where the work happens

3 program services account for $273K of program spending, described in the organization's own filed words · FY2022.
01

Oregon Health Authority

Public Health Division grant for several community health program elements directed towards providing culturally responsive and appropriate services for members of the Filipino community through the Filipino Bayanihan Center. The Foundation for Philippine Progress Inc. served as fiscal sponsor for this grant.

$234Kprogram expense
02

Funds distributed to several community-based partner organizations in the Philippines to provide on-the-ground relief support following Typhoon Odette Typhoon Agaton Northern Luzon earthquake Typhoon Karding and Typhoon Paeng.

$34Kprogram expense
03

Funds used for the planning and implementation of Filipino language learning and cultural appreciation series entitled Wikang Kayumanggi conducted primarily online. The language learning series was attended by over 50 students mostly of Filipino heritage from across the United States.

$5Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$290K
Investment income$12
— government grantsLn 1e$246K
Total revenueLn 12$290K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.05 Fundraising $0.00
Program services94%$285K
Management & general5%$15K
Fundraising$911
Total functional expensesLn 25$303K

Balance Sheet

Part X · end of year
CashLn 1$46K
Total assetsLn 16$46K
Total liabilitiesLn 26$0
Total net assetsLn 32$46K
Months of cash on handcomputed1.8

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $46K · Operating expenses/yr $303K
1.8 months
Where the money goes
Program services
Program services $285K · Total expenses $303K
94%
Management & General
Management & general $15K · Total expenses $303K
5%
Fundraising
Fundraising $911 · Total expenses $303K
0.3%
Cost to raise $1
Fundraising expense $911 · Solicited contributions $44K
$0.02 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $290K · Total revenue $290K
100%
Government reliance
Government grants $246K · Total revenue $290K
85%
Earned-income share
Program service revenue $0 · Total revenue $290K
0%
Investment reliance
Investment income $12 · Total revenue $290K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $303K
0%
Growth & trend
Revenue growth (YoY)
This year $290K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $46K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $290K · Expenses $303K
-5%
Liabilities-to-Assets
Total liabilities — · Total assets $46K
Net-asset ratio
Net assets $46K · Total assets $46K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $46K
0%
People & payroll
Highest Reported Total Compensation
Individual Rossella De Leon · Reported title Executive Director · Highest reported compensation $30K · Total expenses $303K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $303K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 5%
Fundraising cost ratio 0.3%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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 · FY2023
Total grants receivedfrom 1 funder$55
Grants paid · 1 grant · $234K · 2022–2022
Filipino Bayanihan CenterOR · FY2022$234,400

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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)$71K revenue · ⤓ 990 PDF
FY2023$334K revenue · ⤓ 990 PDF
FY2022$290K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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