Nonprofit · EIN 23-2851068
PEC FOUNDATION
Tax-exempt · PHILADELPHIA, PA 19104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $227,236 | $25,440 | $201,796 | $10,876,703 | $3,174,161 | $7,702,542 |
| June 30, 2024 | 990 | $292,206 | $24,329 | $267,877 | $9,822,825 | $2,689,482 | $7,133,343 |
| June 30, 2023 | 990 (amended) | $203,812 | $28,081 | $175,731 | $7,364,774 | $805,001 | $6,559,773 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $227,236
- Net gain from sales of assets
- $76,839
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $10,000
- Management and general (functional)
- $15,440
Balance sheet and other
- Total assets, start of year
- $9,822,825
- Total assets, end of year
- $10,876,703
- Total liabilities, end of year
- $3,174,161
- Net assets, end of year
- $7,702,542
- Publicly traded securities
- $5,745,859
- Net assets without donor restrictions
- $7,417,436
- Net assets with donor restrictions
- $285,106
- Gross receipts
- $227,236
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1996
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KATHLEEN DESMOND | PRESIDENT - HOPEPHL Officer | 2 | $0 | $176,533 | $12,419 |
| PAMELA HANSEN | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| TRINA SMITH | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| STEVEN SCADUTO | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| STEVE FAHRINGER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KATHLEEN DESMOND | PRESIDENT - HOPEPHL Officer | 2 | $0 | $176,062 | $18,977 |
| PAMELA HANSEN | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| TRINA SMITH | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| STEVE SCADUTO | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| STEVE FAHRINGER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| BLAIR BOROCH | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KATHLEEN DESMOND | PRESIDENT - HOPEPHL Officer | 2 | $0 | $168,806 | $11,844 |
| ELLEN BROTMAN | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| PAM HANSEN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| STEVE FAHRINGER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| STEVE SCADUTO | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CHRISTINE JACOBS | TREASURER Trustee or director | 2 | $0 | $0 | $0 |
| TRINA SMITH | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| BLAIR BOROCH | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 325 N 39TH ST, PHILADELPHIA, PA 19104-4656
- In care of
- % GRANT RAWDIN
- Principal officer (990 for 2024)
- KATHLEEN DESMOND, 325 N 39TH STREET, PHILADELPHIA, PA 19104
- Signed the 990
- KATHLEEN DESMOND, PRESIDENT
- Phone
- (215) 382-7523
- Website
- WWW.HOPEPHL.ORG
- Return prepared by
- EISNER ADVISORY GROUP LLC
Mission
THE MISSION OF PEC FOUNDATION IS TO OVERSEE, INVEST, AND MAKE QUALIFYING GRANTS TO THE FOLLOWING PENNSYLVANIA NONPROFIT CORPORATIONS: HOPEPHL AND HOPEPHL COMMUNITY DEVELOPMENT CORPORATION.
Program accomplishments
- THE FOUNDATION IS A SUPPORTING ORGANIZATION AND IS ORGANIZED AND OPERATED TO RAISE AND MANAGE FUNDS FOR THE BENEFIT AND SUPPORT OF HOPEPHL AND THE HOPEPHL COMMUNITY DEVELOPMENT CORPORATION.Expenses $10,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2851068
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1996
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L80Z)
- Assets (IRS master file)
- $10,876,703
- Income (IRS master file)
- $227,236
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $227,236 | $25,440 | $10,876,703 | IRS |
| 990 | June 2024 | $292,206 | $24,329 | $9,822,825 | IRS |
| 990 | June 2023 | $203,812 | $28,081 | $7,364,774 | XML |
| 990 | June 2022 | $356,608 | $16,711 | $6,447,398 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-2851068).
Questions about PEC FOUNDATION
- What is the EIN of PEC FOUNDATION?
- The employer identification number (EIN) of PEC FOUNDATION is 23-2851068.
- Is PEC FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to PEC FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does PEC FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PEC FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PEC FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PEC FOUNDATION?
- The 990 for the year ended June 30, 2025 names KATHLEEN DESMOND.
- Who are the officers and directors of PEC FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does PEC FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $227,236, expenses of $25,440 and total assets of $10,876,703 at year end.
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