Civic Intelligence

Passano Foundation Inc.

990PF • Fiscal year 2023 • EIN 52-6036968

Jan 01, 2023 to Dec 31, 2023 • Filed on May 14, 2024

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

40th percentile

0.00x

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

2023 filings • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

40th percentile

0.00x

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

2023 filings • $500k-$1M nonprofits • Source year 2023

Net Margin

86th percentile

42%

Higher net margin than 86% of similar nonprofits.

2023 filings • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

57th percentile

$0

Higher top officer pay than 57% of similar nonprofits.

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

2023 filings • $500k-$1M nonprofits • Source year 2023

Asset Growth

65th percentile

7.9%

Faster asset growth than 65% of similar nonprofits.

2023 filings • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

98th percentile

550%

Faster revenue growth than 98% of similar nonprofits.

2023 filings • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets40th percentile

Assets

Up

$645,865

Up $47,444 (+7.9%) from 2022

Net Assets

Up

$645,865

Up $47,444 (+7.9%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin86th percentile

Revenue

Up

$131,596

Up $111,355 (+550%) from 2022

Expenses

Up

$76,925

Up $21,613 (+39%) from 2022

Net Income

Up

$54,671

Up $89,742 (+256%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth65th 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

2023

Assets$645,865
Liabilities$0
Net Assets$645,865
Open 2023 Filing

Operations Trend

Revenue Growth98th 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

2023

Revenue$131,596
Expenses$76,925
Net Income$54,671
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 14, 2024
Return Version
2023v5.0
Compensation and Service Providers
Top Officer Pay57th 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
Catherine Passano Mcdonnell
Title
Officer
Phone
2028621880
Signed
2024-05-14
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 Appendix332 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/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt1PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt2PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm0SA-JIN LEE - 2023 PASSANO AWARD REC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt0NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt1NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt2NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt0655 WEST BALTIMORE STREET
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt13400 N CHARLES STREET
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt210 DISCOVERY DRIVE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm0BALTIMORE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm1BALTIMORE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm2FARMINGTON
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd0MD
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd1MD
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd2CT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd021201
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd121218
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd206032
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriApprvFutAmt00
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt045000
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/AppliedToCurrentYearAmt038584
IRS990PF/UndistributedIncomeGrp/AppliedToPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt00
IRS990PF/UndistributedIncomeGrp/CorpusDistri170b1EOr4942g3Amt00
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt038584
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovAppCYAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt03029
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr4Amt05086
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr5Amt03320
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt03320
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt014531
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt06416
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt03029
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt05086
IRS990PF/UndistributedIncomeGrp/PriorYearDeficiencyOrTaxAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt00
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt045000
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt06416
IRS990PF/UndistributedIncomeGrp/Taxable1Amt00
IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt017851
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt011435
IRS990PF/UndistributedIncomeGrp/TotalForPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt00
OtherAssetsSchedule/OtherAssetsScheduleGrp/BOYBookValueAmt023848
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc0CHARLES SCHWAB 8990 CORP BONDS/US TREASURY BONDS
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYBookValueAmt050000
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYFMVAmt050000
OtherDecreasesSchedule/OtherDecreasesDetail/Amt07227
OtherDecreasesSchedule/OtherDecreasesDetail/Desc0PRIOR PERIOD ADJUSTMENT
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt121492
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0CHARLES SCHWAB
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt1MANAGEMENT FEES
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt10
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt121492
TaxesSchedule/TaxesDetail/Amt0391
TaxesSchedule/TaxesDetail/CategoryTxt0FOREIGN TAX PAID
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt00
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt0391
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CATHERINE PASSANO MCDONNELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum02028621880
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-14
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/IRSResponsiblePrtyInfoCurrInd01
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/ReturnTs02024-05-15T11:43:46-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CATHERINE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PASSANO MCDONNELL
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$645,865
Liabilities
$0
Net assets
$645,865
Revenue
$131,596
Expenses
$76,925
Net income
$54,671
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