Nonprofit · EIN 51-0546095
MANAS DEVELOPMENT GROUP
Tax-exempt · WASHINGTON, DC 20003
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,123,252 | $678,928 | $444,324 | $1,590,389 | $609,163 | $981,226 |
| December 31, 2023 | 990 | $442,276 | $553,983 | -$111,707 | $1,096,567 | $559,665 | $536,902 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,047,014
- Program service revenue
- $41,513
- Investment income
- $46,191
- Net income from fundraising events
- -$11,466
- Other revenue
- -$11,466
Expenses
- Grants and similar amounts paid
- $150,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $4,393
- Accounting fees
- $17,678
- Occupancy
- $11,280
- Travel
- $1,520
- Program services (functional)
- $617,759
- Management and general (functional)
- $61,169
Balance sheet and other
- Total assets, start of year
- $1,096,567
- Total assets, end of year
- $1,590,389
- Total liabilities, end of year
- $609,163
- Net assets, end of year
- $981,226
- Net assets without donor restrictions
- $981,226
- Gross receipts
- $1,146,319
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2005
- State of legal domicile
- DC
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SAMUEL LAM | PRESIDENT Trustee or director, Officer | 40 | $0 | $208,512 | $33,004 |
| BRYAN CHEUNG | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARK FRANCO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANDREW GIZINSKI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRANDON BOWEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SAMUEL LAM | PRESIDENT Trustee or director, Officer | 40 | $0 | $199,620 | $29,068 |
| BRYAN CHEUNG | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| KENLEY TARTER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 611 PENNSYLVANIA AVE SE 256, WASHINGTON, DC 20003-4303
- In care of
- % SAMUEL LAM
- Principal officer (990 for 2024)
- SAMUEL LAM, 611 PENNSYLVANIA AVE SE 256, WASHINGTON, DC 200034303
- Signed the 990
- SAMUEL LAM, PRESIDENT
- Phone
- (202) 675-8330
- Website
- WWW.MANASDEVELOPMENT.ORG
- Return prepared by
- BMSS LLC
Mission
THE GROUP PROVIDES BUSINESS DEVELOPMENT ASSISTANCE TO ENTREPRENEURS AND SMALL BUSINESS PERSONS IN DEVELOPING COUNTRIES. ALSO, THE GROUP ASSISTED COMPANIES TO EXECUTE IN EMERGING MARKETS TO FURTHER ECONOMIC DEVELOPMENT PROJECTS AND TO FACILITATE SUSTAINABLE DEVELOPMENT DIRECTLY AMONG THE POOR AND MARGINALIZED INDIVIDUALS IN MIDDLE EAST, NORTHERN AFRICA, AND ASIA. ENCOURAGES ENTREPRENEURSHIP AND CROSS-CULTURAL EXCHANGE AMONG SMALL BUSINESS PERSONS.
Program accomplishments
- SPECIFICALLY, THE GROUP PROMOTES ECONOMIC DEVELOPMENT PROJECTS TO FACILITATE BROAD ECONOMIC DEVELOPMENT IN ASIA, NORTH AFRICA, AND THE MIDDLE EAST.Expenses $617,759 · grants $150,000 · revenue $87,704
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0546095
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q32)
- Assets (IRS master file)
- $1,590,389
- Income (IRS master file)
- $1,146,319
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,123,252 | $678,928 | $1,590,389 | IRS |
| 990 | December 2023 | $442,276 | $553,983 | $1,096,567 | XML |
| 990 | December 2022 | $799,674 | $1,213,516 | $1,231,313 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 51-0546095).
Questions about MANAS DEVELOPMENT GROUP
- What is the EIN of MANAS DEVELOPMENT GROUP?
- The employer identification number (EIN) of MANAS DEVELOPMENT GROUP is 51-0546095.
- Is MANAS DEVELOPMENT GROUP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to MANAS DEVELOPMENT GROUP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MANAS DEVELOPMENT GROUP 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 MANAS DEVELOPMENT GROUP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MANAS DEVELOPMENT GROUP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MANAS DEVELOPMENT GROUP?
- The 990 for the year ended December 31, 2024 names SAMUEL LAM.
- Who are the officers and directors of MANAS DEVELOPMENT GROUP?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does MANAS DEVELOPMENT GROUP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,123,252, expenses of $678,928 and total assets of $1,590,389 at year end.
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