Nonprofit · EIN 94-3369973
PHILIPPINE DEVELOPMENT FOUNDATION
Tax-exempt · PALO ALTO, CA 94301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $433,006 | $446,720 | -$13,714 | $471,111 | $10,367 | $460,744 |
| December 31, 2023 | 990 | $144,069 | $295,600 | -$151,531 | $412,873 | $13,159 | $399,714 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $517,425
- Program service revenue
- $0
- Investment income
- $644
- Net income from fundraising events
- -$85,063
- Other revenue
- -$85,063
Expenses
- Grants and similar amounts paid
- $245,000
- Compensation of officers, directors and key employees
- $89,811
- Salaries, compensation and benefits (total)
- $102,336
- Professional fundraising fees
- $0
- Accounting fees
- $41,494
- Travel
- $2,037
- Program services (functional)
- $353,273
- Management and general (functional)
- $81,833
- Fundraising (functional)
- $11,614
Balance sheet and other
- Total assets, start of year
- $412,873
- Total assets, end of year
- $471,111
- Total liabilities, end of year
- $10,367
- Net assets, end of year
- $460,744
- Publicly traded securities
- $76,490
- Net assets without donor restrictions
- $460,744
- Gross receipts
- $600,077
- Employees
- 2
- Volunteers
- 23
- Year formed
- 2000
- State of legal domicile
- CA
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 | Other / benefits |
|---|---|---|---|---|
| ANGELINA CASTRO | EXECUTIVE DIRECTOR (UNTIL 07/24) Officer | 40 | $43,428 | $8,392 |
| OLIVIA DE JESUS | EXECUTIVE DIRECTOR Officer | 40 | $37,992 | $0 |
| CATHERINE BUAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTINA ORIEL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTINE SONGCO LAU | TRUSTEE (UNTIL 05/24) Trustee or director | 1 | $0 | $0 |
| CRIS LIBAN | BOARD CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| DANILO LOPEZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DIOSDADO BANATAO | TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| DON LOPEZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ERIC MANLUNAS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GLORIA GIL | BOARD SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| JONES CASTRO | TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| LYNN HESS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARIA BANATAO | BOARD TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| PAOLO MALABUYO | BOARD VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RANDY REYES | TRUSTEE Trustee or director | 1 | $0 |
| REGINA MANZANA-SAWHNEY | TRUSTEE Trustee or director | 1 | $0 |
| RIGOBERTO ADVINCULA | TRUSTEE Trustee or director | 1 | $0 |
| SHERRI BURKE | TRUSTEE (UNTIL 01/24) Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANGELINA CASTRO | EXECUTIVE DIRECTOR Officer | 43.34 | $85,000 |
| DIOSDADO BANATAO | PRESIDENT/CHAIRMAN Trustee or director, Officer | 1 | $0 |
| JONES CASTRO | EXECUTIVE VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| CHRISTINE SONGCO LAU | TRUSTEE Trustee or director | 1 | $0 |
| REGINA MANZANA-SAWHNEY | TRUSTEE Trustee or director | 1 | $0 |
| MARIA BANATAO | TRUSTEE Trustee or director | 1 | $0 |
| SHERRI BURKE | TRUSTEE (UNTIL 2023) Trustee or director | 1 | $0 |
| RIGOBERTO ADVINCULA | TRUSTEE Trustee or director | 1 | $0 |
| DANILO LOPEZ | TREASURER Trustee or director, Officer | 1 | $0 |
| CATHERINE BUAN | TRUSTEE Trustee or director | 1 | $0 |
| LYNN HESS | TRUSTEE Trustee or director | 1 | $0 |
| ERIC MANLUNAS | TRUSTEE Trustee or director | 1 | $0 |
| CRIS LIBAN | TRUSTEE Trustee or director | 1 | $0 |
| PAOLO MALABUYO | TRUSTEE Trustee or director | 1 | $0 |
| RANDY REYES | TRUSTEE Trustee or director | 1 | $0 |
| CHRISTINA ORIEL | TRUSTEE Trustee or director | 1 | $0 |
| DON LOPEZ | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 325 LYTTON AVE APT 4A, PALO ALTO, CA 94301-1489
- In care of
- % THOMAS SILK
- Principal officer (990 for 2024)
- OLIVIA DE JESUS, 325 LYTTON AVENUE 4A, PALO ALTO, CA 94301
- Signed the 990
- OLIVIA DE JESUS, EXECUTIVE DIRECTOR
- Phone
- (650) 787-3804
- Website
- WWW.PHILDEV.ORG
- Return prepared by
- VASQUEZ COMPANY LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 94-3369973 or by the name PHILIPPINE DEVELOPMENT FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
PHILDEV USA IS AN INNOVATION ORGANIZATION WHOSE MISSION IS TO ACCELERATE SCIENCE AND TECHNOLOGY FOR NATIONAL DEVELOPMENT THROUGH INITIATIVES, PROGRAMS, AND PARTNERSHIPS. OUR VALUES ARE: EDUCATIONWE VALUE EDUCATION STRENGTHENING THE FOUNDATION THAT PAVES THE WAY FOR NATIONAL DEVELOPMENT, AND SUPPORTING ASPIRATIONS OF THE YOUTH AND OUR BEST MINDS THROUGH SCHOLARSHIPS AND OTHER LEARNING OPPORTUNITIES.INNOVATIONWE BELIEVE INNOVATION PUSHES KNOWLEDGE AND INDUSTRIES FORWARD STRENGTHENING OUR LINKS WITH AND AMONG ORGANIZATIONS, THE ACADEME AND PRIVATE INDUSTRY, AND INVESTING IN RESEARCH AND DEVELOPMENT.ENTREPRENEURSHIPWE EMPOWER THROUGH ENTREPRENEURSHIP CREATING A CULTURE OF CREATIVITY, TURNING IDEAS INTO VIABLE, SCALABLE AND SUSTAINABLE ENTERPRISES THAT CREATE JOBS AND SHARE WEALTH IN THE COMMUNITY.
Program accomplishments
- THE 2024 ANNUAL GALA IS PHILDEV'S SIGNATURE FUNDRAISER FOR THE BENEFIT OF PROGRAMS THAT PROVIDE STEM SCHOLARSHIPS TO COLLEGE STUDENTS. IT ALSO DOUBLES AS A PROGRAM TO RECOGNIZE ACHIEVEMENTS IN EDUCATION, INNOVATION AND ENTREPRENEURSHIP THROUGH PHILDEV AWARDS AND INSPIRE THE NEXT GENERATION OF LEADERS AND INNOVATORS. PHILDEV CONTINUES TO SUPPORT SCIENCE AND ENGINEERING SCHOLARS AT THE UNIVERSITY LEVEL. IN 2020, WE ADDED A MENTORSHIP PROGRAM, CALLED MULAT, IN PARTNERSHIP WITH INTEL. IN THE 2024 ACADEMIC YEAR, PHILDEV SUPPORTED 100 SCHOLARS. DURING 2024, THERE ARE 271 GRADUATES FOR THIS PROGRAM.Expenses $353,273 · grants $245,000
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 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
- 94-3369973
- 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
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q300)
- Assets (IRS master file)
- $471,111
- Income (IRS master file)
- $600,077
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $433,006 | $446,720 | $471,111 | XML |
| 990 | December 2023 | $144,069 | $295,600 | $412,873 | XML |
| 990 | December 2022 | $361,557 | $439,609 | $887,133 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2016 | – | – | – | 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 94-3369973).
Questions about PHILIPPINE DEVELOPMENT FOUNDATION
- What is the EIN of PHILIPPINE DEVELOPMENT FOUNDATION?
- The employer identification number (EIN) of PHILIPPINE DEVELOPMENT FOUNDATION is 94-3369973.
- Is PHILIPPINE DEVELOPMENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to PHILIPPINE DEVELOPMENT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PHILIPPINE DEVELOPMENT 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 PHILIPPINE DEVELOPMENT FOUNDATION 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 PHILIPPINE DEVELOPMENT FOUNDATION 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 PHILIPPINE DEVELOPMENT FOUNDATION?
- The 990 for the year ended December 31, 2024 names OLIVIA DE JESUS.
- Who are the officers and directors of PHILIPPINE DEVELOPMENT FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 19 people; 2 received compensation from the organization, the highest $43,428 (ANGELINA CASTRO, EXECUTIVE DIRECTOR (UNTIL 07/24)).
- How much revenue does PHILIPPINE DEVELOPMENT FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $433,006, expenses of $446,720 and total assets of $471,111 at year end.
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