To provide strategic pro bono consulting to nonprofits through alumni of upenn.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Run by 197 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 $181K a year · 56% 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
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$52K
to officers and key staff · 32% of spending
Concern: pay to officers and key staff is 32% of spending; over 30%.
Pt VII · Sec A
33 mo
of spending, in cash
Looks good: 33.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $120K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$11K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$321K
+120% vs prior year
Spent
$167K
To programs
74%
Net assets
$454K
By yearFY2021–FY2025
Revenue
$321K
FY2025▲ +120%
Tap a bar for its year
Revenue by fiscal year
FY2021$119K
FY2022$330K
FY2023$110K
FY2024$145K
FY2025$321K
Expenses
$167K
FY2025▲ +36%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$123K
FY2023Not on file
FY2024Not on file
FY2025$167K
Net assets
$454K
FY2025▲ +51%
Tap a bar for its year
Net assets by fiscal year
FY2021$188K
FY2022$395K
FY2023$342K
FY2024$300K
FY2025$454K

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2013.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $123K Management & general 10% · $17K Fundraising 16% · $27K

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

18 people listed on the 990; $52K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$52,500Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Karen Epstein’s $52K as Executive Director is at the 31st percentile of top reported officer pay among 1709 $100K–1M community development 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 · 2 named individuals · Part VII

NameFY2025FY2022
Karen Epstein$52,500—
Karen Schub Epstein—$52,500

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.

See Pennpac INC 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 15aYes

Programs and updates

Offers pro bono consulting to nonprofits using UPenn alumni expertise.

Questions for Pennpac INC

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Provided by the organization

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1 program · $123K · in their own filed words · FY2024
01

Volunteer Program

Has completed several assignments using the following model: a project team of 4-6 alumni work together over the course of 8-10 weeks each devoting a few hours per week to assist the nonprofit organization with a specific business issue.

$123Kprogram 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
Total grants receivedfrom 4 funders$120K
See all 4 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$321K
Ln 12
Gifts and grantsLn 1h$294K
Fees for servicesLn 2g$18K
Investment incomeLn 3$9K
Money outPt IX
$167K
Ln 25
Programscol B$123K
Managementcol C$17K
Fundraisingcol D$27K
Owns and owesPt X
$454K
net assets · Ln 32
Cash and savingsLn 1–2$460K
Total assetsLn 16$465K
LiabilitiesLn 26$11K
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$294K
Fundraising eventsLn 1c$200K
Fees for servicesLn 2g$18K
Investment incomeLn 3$9K
Total revenueLn 12$321K
Assets in detailPt X, end of year
CashLn 1$73K
SavingsLn 2$387K
Cash and savings togetherLn 1–2$460K
Total assetsLn 16$465K
LiabilitiesLn 26$11K
Net assetsLn 32$454K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6197
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$283K$460K
Total assetsLn 16$306K$465K
LiabilitiesLn 26$6K$11K
Net assetsLn 32$300K$454K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$152K$115K$15K$23K
Advertising and promotionLn 12$609$487$122
Office expensesLn 13$208$156$21$31
Information technologyLn 14$6K$5K$612$918
TravelLn 17$832$624$83$125
InsuranceLn 23$813$813
Other expenses (24a–d)Ln 24$5K$2K$519$3K
All other expensesLn 24e$353$309$19$25
Total functional expensesLn 25$167K$123K$17K$27K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $321K$167K$154K$454K 990 PDF
FY2024 $145K$300K 990 PDF
FY2023 $110K$342K 990 PDF
FY2022 $330K$123K$207K$395K 990 PDF
FY2021 $119K$188K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $320,570 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $118,472$294,155
I-9 Program service revenuePrior year $0$17,500
I-10 Investment incomePrior year $4,942$8,915
I-11 Other revenuePrior year $22,000$0
I-12 Total revenuePrior year $145,414$320,570
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 $52,500$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $134,681$166,634
I-18 Total expensesPrior year $187,181$166,634
I-19 Revenue less expensesPrior year −$41,767$153,936
Part VI · Governance 17 of 17 board members independent, 2 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $320,570 across 7 lines filed
VIII-1c Fundraising events$200,240
VIII-1f All other contributions, gifts and grants$93,915
VIII-1h Total contributions, gifts and grants$294,155
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $17,500$17,500
VIII-3 Investment incomeExcluded from tax $8,915$8,915
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $17,500 · Unrelated business $0 · Excluded from tax $8,915$320,570
Part IX · Statement of functional expenses $166,634 across 8 lines filed
IX-11g Other fees for servicesPrograms $114,572 · Management $14,636 · Fundraising $23,154$152,362
IX-12 Advertising and promotionPrograms $487 · Fundraising $122$609
IX-13 Office expensesPrograms $156 · Management $21 · Fundraising $31$208
IX-14 Information technologyPrograms $4,591 · Management $612 · Fundraising $918$6,121
IX-17 TravelPrograms $624 · Management $83 · Fundraising $125$832
IX-23 InsuranceManagement $813$813
IX-24 Other expenses (24a–d)Programs $2,304 · Management $519 · Fundraising $2,513$5,336
IX-24e All other expensesPrograms $309 · Management $19 · Fundraising $25$353
IX-25 Total functional expensesPrograms $123,043 · Management $16,703 · Fundraising $26,888$166,634
Part X · Balance sheet $465,224 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $116,352$73,329
X-2 Savings and temporary cash investmentsStart of year $166,509$387,082
X-4 Accounts receivableStart of year $12,174$4,000
X-9 Prepaid expenses and deferred chargesStart of year $0$813
X-16 Total assetsStart of year $305,824$465,224
X-17 Accounts payable and accrued expensesStart of year $5,875$11,339
X-26 Total liabilitiesStart of year $5,875$11,339
X-27 Net assets without donor restrictionsStart of year $299,949$453,885
X-32 Total net assets or fund balancesStart of year $299,949$453,885
X-33 Total liabilities and net assetsStart of year $305,824$465,224
Part XI · Reconciliation of net assets $453,885 net assets at year end
XI-1 Total revenue$320,570
XI-2 Total expenses$166,634
XI-3 Revenue less expenses$153,936
XI-4 Net assets at start of year$299,949
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$453,885

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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