Civic Intelligence

Passano Foundation Inc.

990PF • Fiscal year 2021 • EIN 52-6036968

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 09, 2022

Organization Profile
1122 Kenilworth Drive 201Baltimore, MD 21204

(410) 825-0996

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

39th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

39th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • $500k-$1M nonprofits • Source year 2021

Net Margin

63rd percentile

22%

Higher net margin than 63% of similar nonprofits.

2021 filings • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

56th percentile

$0

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • $500k-$1M nonprofits • Source year 2021

Asset Growth

39th percentile

2.6%

Faster asset growth than 39% of similar nonprofits.

2021 filings • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

62nd percentile

30%

Faster revenue growth than 62% of similar nonprofits.

2021 filings • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets39th percentile

Assets

Up

$650,699

Up $16,725 (+2.6%) from 2020

Net Assets

Up

$650,699

Up $16,725 (+2.6%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin63rd percentile

Revenue

Up

$79,604

Up $18,591 (+30%) from 2020

Expenses

Up

$61,747

Up $11,408 (+23%) from 2020

Net Income

Up

$17,857

Up $7,183 (+67%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $1,270,355Liabilities 2011: $02011Assets 2012: $1,103,972Liabilities 2012: $02012Assets 2013: $1,048,620Liabilities 2013: $02013Assets 2014: $1,029,405Liabilities 2014: $02014Assets 2015: $874,149Liabilities 2015: $02015Assets 2019: $623,723Liabilities 2019: $0Net Assets 2019: $623,7232019Assets 2020: $633,974Liabilities 2020: $0Net Assets 2020: $633,9742020Assets 2021: $650,699Liabilities 2021: $0Net Assets 2021: $650,6992021Assets 2022: $598,421Liabilities 2022: $0Net Assets 2022: $598,4212022Assets 2023: $645,865Liabilities 2023: $0Net Assets 2023: $645,8652023Assets 2024: $629,043Liabilities 2024: $0Net Assets 2024: $629,0432024

Highlighted filing

2021

Assets$650,699
Liabilities$0
Net Assets$650,699
Open 2021 Filing

Operations Trend

Revenue Growth62nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$100K$0-$100K-$200KRevenue 2011: $147,808Expenses 2011: $168,132Net Income 2011: -$20,3242011Revenue 2012: $117,570Expenses 2012: $164,969Net Income 2012: -$47,3992012Revenue 2013: $74,842Expenses 2013: $146,380Net Income 2013: -$71,5382013Revenue 2014: $121,725Expenses 2014: $164,514Net Income 2014: -$42,7892014Revenue 2015: $22,734Expenses 2015: $172,161Net Income 2015: -$149,4272015Revenue 2019: $21,457Expenses 2019: $74,608Net Income 2019: -$53,1512019Revenue 2020: $61,013Expenses 2020: $50,339Net Income 2020: $10,6742020Revenue 2021: $79,604Expenses 2021: $61,747Net Income 2021: $17,8572021Revenue 2022: $20,241Expenses 2022: $55,312Net Income 2022: -$35,0712022Revenue 2023: $131,596Expenses 2023: $76,925Net Income 2023: $54,6712023Revenue 2024: $39,744Expenses 2024: $56,651Net Income 2024: -$16,9072024

Highlighted filing

2021

Revenue$79,604
Expenses$61,747
Net Income$17,857
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 9, 2022
Return Version
2021v4.2
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
E MAGRUDER PASSANO JRChairman-$0--
CATHERINE PASSANO MCDONNELLVice-Chairman-$0--
TAMMY PASSANO WIGGSTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Passano Foundation
EIN
52-6036968
Phone
4108250996
Address
1122 KENILWORTH DRIVE 201, BALTIMORE, MD 21204

Signing Officer

Name
Jordan Pierce
Title
Officer
Phone
2028621880
Signed
2022-11-09
Discuss with paid preparer
Yes

Preparer

Firm
Rosemckenna Pllc
Address
1717 PENNSYLVANIA AVE NW 750, WASHINGTON, DC 20006
Preparer
Steven E Rose
Phone
2028621880
Raw XML Appendix350 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm0E MAGRUDER PASSANO JR
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IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPYJeopardyInvstInd00
IRS990PF/StatementsRegardingActy4720Grp/UndistributedIncomePYInd00
IRS990PF/StatementsRegardingActyGrp/ActivitiesNotPreviouslyRptInd00
IRS990PF/StatementsRegardingActyGrp/AtLeast5000InAssetsInd01
IRS990PF/StatementsRegardingActyGrp/ChangesToArticlesOrBylawsInd00
IRS990PF/StatementsRegardingActyGrp/ComplyWithPublicInspRqrInd01
IRS990PF/StatementsRegardingActyGrp/DonorAdvisedFundInd00
IRS990PF/StatementsRegardingActyGrp/ForeignAccountsQuestionInd00
IRS990PF/StatementsRegardingActyGrp/Form1120POLFiledInd00
IRS990PF/StatementsRegardingActyGrp/Form990PFFiledWithAttyGenInd01
IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd00
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IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm0BALTIMORE
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IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd021204
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd00
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd00
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd00
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd0MD
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd00
IRS990PF/StatementsRegardingActyGrp/PersonsWithBooksName/BusinessNameLine1Txt0WAVERLY MANAGEMENT
IRS990PF/StatementsRegardingActyGrp/PhoneNum04108250996
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd00
IRS990PF/StatementsRegardingActyGrp/Section4955ManagersTaxAmt00
IRS990PF/StatementsRegardingActyGrp/Section4955OrganizationTaxAmt00
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd01
IRS990PF/StatementsRegardingActyGrp/TaxReimbursedAmt00
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd00
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt0N/A
IRS990PF/SumOfProgramRelatedInvstGrp/TotalAmt00
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt025000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt0GENERAL OPERATIONS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt0UNIVERSITY OF MARYLAND SCHOOL OF MEDICINE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt0PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt0NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt0655 WEST BALTIMORE STREET
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm0BALTIMORE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd0MD
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IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriApprvFutAmt00
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt025000
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd00
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt025000
IRS990PF/UndistributedIncomeGrp/AppliedToPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt00
IRS990PF/UndistributedIncomeGrp/CorpusDistri170b1EOr4942g3Amt00
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt048597
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovAppCYAmt023597
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt05086
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt03320
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr4Amt01734
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr5Amt081661
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt023597
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt058064
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt010140
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt05086
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt03320
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt01734
IRS990PF/UndistributedIncomeGrp/PriorYearDeficiencyOrTaxAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt00
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt025000
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/Taxable1Amt00
IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt068204
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt091801
IRS990PF/UndistributedIncomeGrp/TotalForPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt00
OtherAssetsSchedule/OtherAssetsScheduleGrp/BOYBookValueAmt097001
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc0CHARLES SCHWAB 8990 CORP BONDS/US TREASURY BONDS
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYBookValueAmt025836
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYFMVAmt026799
OtherDecreasesSchedule/OtherDecreasesDetail/Amt01132
OtherDecreasesSchedule/OtherDecreasesDetail/Desc0PRIOR PERIOD ADJUSTMENT
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0OTHER EXPENSES
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt0312
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/AdjustedNetIncomeAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/AdjustedNetIncomeAmt10
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt06241
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt130000
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0CHARLES SCHWAB FEES
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt1MANAGEMENT FEES
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt10
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt06241
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt130000
TaxesSchedule/TaxesDetail/AdjustedNetIncomeAmt00
TaxesSchedule/TaxesDetail/Amt0194
TaxesSchedule/TaxesDetail/CategoryTxt0FOREIGN TAX PAID
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt00
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt0194
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JORDAN PIERCE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum02028621880
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PASSANO FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0PASS
ReturnHeader/Filer/EIN0526036968
ReturnHeader/Filer/PhoneNum04108250996
ReturnHeader/Filer/USAddress/AddressLine1Txt01122 KENILWORTH DRIVE 201
ReturnHeader/Filer/USAddress/CityNm0BALTIMORE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021204
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454149985
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROSEMCKENNA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01717 PENNSYLVANIA AVE NW 750
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WASHINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0DC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020006
ReturnHeader/PreparerPersonGrp/PhoneNum02028621880
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN E ROSE
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-11-14T09:28:17-06:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JORDAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PIERCE
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$650,699
Liabilities
$0
Net assets
$650,699
Revenue
$79,604
Expenses
$61,747
Net income
$17,857
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.63$0.00$0.63$0.04$0.06$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$0.13$0.08$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.60$0.00$0.60$0.02$0.06$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$0.08$0.06$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.63$0.00$0.63$0.06$0.05$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.62$0.02$0.07$0.05
2015Summary only. Only limited summary data is available for this year.$0.87$0.00$0.02$0.17$0.15
2014Summary only. Only limited summary data is available for this year.$1.03$0.00$0.12$0.16$0.04
2013Summary only. Only limited summary data is available for this year.$1.05$0.00$0.07$0.15$0.07
2012Summary only. Only limited summary data is available for this year.$1.10$0.00$0.12$0.16$0.05
2011Summary only. Only limited summary data is available for this year.$1.27$0.00$0.15$0.17$0.02