Civic Intelligence

Philippine Development Foundation DBA Phildev USA

990 • Fiscal year 2016 • EIN 94-3369973

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 07, 2018

325 Lytton Avenue No 4APalo Alto, CA 94301

(650) 288-3937

Siviq Scores

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

Liabilities / Assets

67th percentile

0.02x

Higher debt load relative to assets than 67% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

66th percentile

0.01x

Higher debt load relative to revenue than 66% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

9th percentile

-43%

Higher net margin than 9% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

93rd percentile

$54,168

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 17.7% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

9th percentile

-51%

Faster asset growth than 9% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

11th percentile

-44%

Faster revenue growth than 11% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$180,303

Down $184,682 (-51%) from 2015

Net Assets

Down

$175,988

Down $130,775 (-43%) from 2015

Liabilities

Down

$4,315

Down $53,907 (-93%) from 2015

Revenue

Down

$306,791

Down $236,489 (-44%) from 2015

Expenses

Down

$437,566

Down $292,577 (-40%) from 2015

Net Income

Up

-$130,775

Up $56,088 (+30%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $943,685Liabilities 2010: $14,390Net Assets 2010: $929,2952010Assets 2011: $968,729Liabilities 2011: $20,229Net Assets 2011: $948,5002011Assets 2012: $307,517Liabilities 2012: $39,952Net Assets 2012: $267,5652012Assets 2013: $288,408Liabilities 2013: $17,556Net Assets 2013: $270,8522013Assets 2014: $500,405Liabilities 2014: $7,427Net Assets 2014: $492,9782014Assets 2015: $364,985Liabilities 2015: $58,222Net Assets 2015: $306,7632015Assets 2016: $180,303Liabilities 2016: $4,315Net Assets 2016: $175,9882016Assets 2017: $324,204Liabilities 2017: $11,420Net Assets 2017: $312,7842017Assets 2018: $398,272Liabilities 2018: $26,003Net Assets 2018: $372,2692018Assets 2019: $539,011Liabilities 2019: $5,933Net Assets 2019: $533,0782019Assets 2020: $1,100,803Liabilities 2020: $46,384Net Assets 2020: $1,054,4192020Assets 2021: $640,053Liabilities 2021: $10,013Net Assets 2021: $630,0402021Assets 2022: $887,133Liabilities 2022: $55,401Net Assets 2022: $831,7322022Assets 2023: $412,873Liabilities 2023: $13,159Net Assets 2023: $399,7142023Assets 2024: $471,111Liabilities 2024: $10,367Net Assets 2024: $460,7442024

Highlighted filing

2016

Assets$180,303
Liabilities$4,315
Net Assets$175,988

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,590,2612010Expenses 2011: $1,398,9092011Expenses 2012: $1,630,7842012Revenue 2013: $761,735Expenses 2013: $758,448Net Income 2013: $3,2872013Revenue 2014: $715,454Expenses 2014: $493,328Net Income 2014: $222,1262014Revenue 2015: $543,280Expenses 2015: $730,143Net Income 2015: -$186,8632015Revenue 2016: $306,791Expenses 2016: $437,566Net Income 2016: -$130,7752016Revenue 2017: $439,526Expenses 2017: $302,730Net Income 2017: $136,7962017Revenue 2018: $296,997Expenses 2018: $237,512Net Income 2018: $59,4852018Revenue 2019: $540,707Expenses 2019: $379,898Net Income 2019: $160,8092019Revenue 2020: $547,819Expenses 2020: $214,220Net Income 2020: $333,5992020Revenue 2021: $419,528Expenses 2021: $400,642Net Income 2021: $18,8862021Revenue 2022: $361,557Expenses 2022: $439,609Net Income 2022: -$78,0522022Revenue 2023: $144,069Expenses 2023: $295,600Net Income 2023: -$151,5312023Revenue 2024: $433,006Expenses 2024: $446,720Net Income 2024: -$13,7142024

Highlighted filing

2016

Revenue$306,791
Expenses$437,566
Net Income-$130,775
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 7, 2018
Return Version
2016v3.0
Gross Receipts
$306,791
Mission and Program Overview

Mission

Phildev is a nonprofit, innovation organization that accelerates science and technology for national programs and initiatives. Our mission is to eradicate poverty in the philippines and enable success for all filipinos. Phildev brings together government organizations, the academe and private industry to build sustainable and economic growth for the philippines. We form partnerships, channel investments, and help build a robust stem environment through programs in education, innovation, and entrepreneurship.

Fundraising through events organized by volunteers, fundraising workshop for volunteer groups and partnership with filipino-american organizations and associates.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$363,185$164,996▼ $198,189
Accounts Receivable$1,800$15,307▲ $13,507
Total Assets$364,985$180,303▼ $184,682
Liabilities
Accounts Payable and Accrued Expenses$58,222$4,315▼ $53,907
Total Liabilities$58,222$4,315▼ $53,907
Net Assets / Fund Balance
Unrestricted Net Assets$262,717$101,942▼ $160,775
Temporarily Rstr Net Assets$44,046$74,046▲ $30,000
Total Net Assets Fund Balance$306,763$175,988▼ $130,775
Total Liabilities and Net Assets / Fund Balance$364,985$180,303▼ $184,682
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Angelina CastroExecutive DirectorFT$54,168$54,168

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$306,031
Program Service Revenue
$0
Investment Income
$123
Other Revenue
$637
All Other Contributions
$219,188
Change in Net Assets
$-130,775

Audited Revenue Reconciliation

Revenue per Audited Statements
$306,791
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$306,791
Total Revenue per Form 990
$306,791
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$228,555
Grants and Similar Amounts Paid$140,100
Salaries, Compensation, and Employee Benefits$68,911
Total Fundraising Expense$42,936
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$140,100--$140,100
Travel$122,048$1,890-$123,938
Fees for Services Other$36,345$23,883-$60,228
Current Officers, Directors, Trustees, and Key Employees$27,564$21,414$5,190$54,168
Other Salaries and Wages-$6,150$8,593$14,743
Conferences and Meetings$178$2,829-$3,007
All Other Expenses$117$1,821-$1,938
Other Expenses-$1,512$29,153$1,512
Insurance-$1,194-$1,194
Total Functional Expenses$326,352$68,278$42,936$437,566

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$437,566
Total Expenses per Audited Statements$437,566
Total Expenses per Form 990$437,566
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$86,843---
Total Events$86,843---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Diosdado banatao, chair and maria banatao, trustee are married to each other.

Form 990, Part VI, Section B, Line 11B

Philippine development foundation outside auditors and finance staff prepare the form 9990. The form is then reviewed and approved by the organization cfo. The form is then sent to the full board before mailing.

Form 990, Part VI, Section B, Line 12C

Philippine development foundation (pdf) requires all employees to disclose, at least annually all sources of income from compensation or from ownership of every outside entity that (a) sold, supplied or provided services (b) operated a competing enterprise or (c) provided goods or services to pdf in the last six months. Pdf also requires all directors to annually sign a statement affirming (a) receipt of pdf conflict of interest policy (b) understanding of the policy and (c) agreement with the policy. Pdf conflict of interest policy describes how pdf will resolve possible conflicts of interest.

Form 990, Part VI, Section C, Line 19

Some or all of these items maybe available through the website and annual report.

Filing and Contact Details

Filer

Filer Name
Philippine Development Foundation
EIN
94-3369973
Phone
6502883937
Address
325 LYTTON AVENUE NO 4A, PALO ALTO, CA 94301

Signing Officer

Name
Angelina Castro
Title
Executive Director
Phone
5105020122
Signed
2018-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angelina Castro
Formed
2000
Legal Domicile
CA
Voting Board Members
16
Independent Board Members
16
Employees
1
Volunteers
0

Preparer

Firm
Vasquez & Co Llp
Address
801 SOUTH GRAND AVE SUITE 400, LOS ANGELES, CA 90017
Preparer
Lynn D Boster
Phone
2138731700
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional fees: program service expenses 36,345. Management and general expenses 23,883. Fundraising expenses 0. Total expenses 60,228.

Amended Return

Received audited financial statement after the last filing deadline. Several numbers have changed from the original filed return. Amendment was done to correct all the numbers pursuant to the audit.

Financial Statement Notes

PART X, LINE 2:

The corporation qualifies as a tax exempt organization under internal revenue code section 501(c)(3) and california revenue and taxation code 23701d. The corporation has evaluated its tax positions and the certainty as to whether those positions will be sustained in the event of an audit by taxing authorities at the federal and state levels. The primary tax positions evaluated relate to the corporations continued qualification as a tax-exempt organization and whether there are unrelated business income activities that would be taxable. Management has determined that all income tax positions will more likely than not (>50%) be sustained upon potential audit or examination; therefore, no disclosure of uncertain income tax positions are required. The corporation files information returns in the us federal jurisdiction and the state of california. With few exceptions, the corporation is no longer subject to u.s. Federal and state examinations by tax authorities for years before 2012.

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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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IRS990/GrantAmt0140100
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0306791
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01194
IRS990/InsuranceGrp/TotalAmt01194
IRS990/InvestmentIncomeGrp/ExclusionAmt0123
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0123
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0FUNDRAISING THROUGH EVENTS ORGANIZED BY VOLUNTEERS, FUNDRAISING WORKSHOP FOR VOLUNTEER GROUPS AND PARTNERSHIP WITH FILIPINO-AMERICAN ORGANIZATIONS AND ASSOCIATES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd01
IRS990/NetAssetsOrFundBalancesBOYAmt0306763
IRS990/NetAssetsOrFundBalancesEOYAmt0175988
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ADVOCACY & PROMOTIONS
IRS990/OtherExpensesGrp/Desc1MEMBERSHIP DUES & SUBSC
IRS990/OtherExpensesGrp/Desc2TAXES & LICENSES
IRS990/OtherExpensesGrp/Desc3OTHER EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt029153
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05300
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12285
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21512
IRS990/OtherExpensesGrp/TotalAmt029153
IRS990/OtherExpensesGrp/TotalAmt15300
IRS990/OtherExpensesGrp/TotalAmt22285
IRS990/OtherExpensesGrp/TotalAmt31512
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/Desc1FOREX LOSS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01930
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1-1293
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01930
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1-1293
IRS990/OtherRevenueTotalAmt0637
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt08593
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt06150
IRS990/OtherSalariesAndWagesGrp/TotalAmt014743
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ANGELINA CASTRO
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0544705
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0463000
IRS990/PYInvestmentIncomeAmt054
IRS990/PYOtherExpensesAmt0224011
IRS990/PYOtherRevenueAmt0-1479
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-186863
IRS990/PYSalariesCompEmpBnftPaidAmt043132
IRS990/PYTotalExpensesAmt0730143
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0543280
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-130775
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0306031
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0542905
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0715410
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0760601
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0935977
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03260924
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0123
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt054
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0854
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt015834
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt016865
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0637
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0-1479
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0-23
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0-1962
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0-2827
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.68520
IRS990ScheduleA/PublicSupportPY170Pct00.71630
IRS990ScheduleA/PublicSupportTotal170Amt02244003
IRS990ScheduleA/SubstantialContributorsTotAmt01016921
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0306031
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0542905
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0715410
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0760601
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0935977
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03260924
IRS990ScheduleA/TotalSupportAmt03274962
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0437566
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0306791
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION QUALIFIES AS A TAX EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE 23701D. THE CORPORATION HAS EVALUATED ITS TAX POSITIONS AND THE CERTAINTY AS TO WHETHER THOSE POSITIONS WILL BE SUSTAINED IN THE EVENT OF AN AUDIT BY TAXING AUTHORITIES AT THE FEDERAL AND STATE LEVELS. THE PRIMARY TAX POSITIONS EVALUATED RELATE TO THE CORPORATIONS CONTINUED QUALIFICATION AS A TAX-EXEMPT ORGANIZATION AND WHETHER THERE ARE UNRELATED BUSINESS INCOME ACTIVITIES THAT WOULD BE TAXABLE. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS WILL MORE LIKELY THAN NOT (>50%) BE SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURE OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE CORPORATION FILES INFORMATION RETURNS IN THE US FEDERAL JURISDICTION AND THE STATE OF CALIFORNIA. WITH FEW EXCEPTIONS, THE CORPORATION IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0437566
IRS990ScheduleD/TotalRevenuePerForm990Amt0306791
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0306791
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0437566
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinutationTotalEmployeeCnt00
IRS990ScheduleF/ContinutationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0140100
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0CHECK DISBURSEMENT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0SCHOLARSHIP PROGRAMS/RENOVATION OF SCHOOL BUILDING/INTERNET CONNECTION TO ALL PUBLIC HIGH SCHOOL IN THE PHILIPPINES/FACULTY RETENTION PROGRAM
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0EAST ASIA AND THE PACIFIC
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0BOOK
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt00
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt00
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt086843
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt086843
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt086843
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt086843
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DIOSDADO BANATAO, CHAIR AND MARIA BANATAO, TRUSTEE ARE MARRIED TO EACH OTHER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PHILIPPINE DEVELOPMENT FOUNDATION OUTSIDE AUDITORS AND FINANCE STAFF PREPARE THE FORM 9990. THE FORM IS THEN REVIEWED AND APPROVED BY THE ORGANIZATION CFO. THE FORM IS THEN SENT TO THE FULL BOARD BEFORE MAILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PHILIPPINE DEVELOPMENT FOUNDATION (PDF) REQUIRES ALL EMPLOYEES TO DISCLOSE, AT LEAST ANNUALLY ALL SOURCES OF INCOME FROM COMPENSATION OR FROM OWNERSHIP OF EVERY OUTSIDE ENTITY THAT (A) SOLD, SUPPLIED OR PROVIDED SERVICES (B) OPERATED A COMPETING ENTERPRISE OR (C) PROVIDED GOODS OR SERVICES TO PDF IN THE LAST SIX MONTHS. PDF ALSO REQUIRES ALL DIRECTORS TO ANNUALLY SIGN A STATEMENT AFFIRMING (A) RECEIPT OF PDF CONFLICT OF INTEREST POLICY (B) UNDERSTANDING OF THE POLICY AND (C) AGREEMENT WITH THE POLICY. PDF CONFLICT OF INTEREST POLICY DESCRIBES HOW PDF WILL RESOLVE POSSIBLE CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SOME OR ALL OF THESE ITEMS MAYBE AVAILABLE THROUGH THE WEBSITE AND ANNUAL REPORT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 36,345. MANAGEMENT AND GENERAL EXPENSES 23,883. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 60,228.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5RECEIVED AUDITED FINANCIAL STATEMENT AFTER THE LAST FILING DEADLINE. SEVERAL NUMBERS HAVE CHANGED FROM THE ORIGINAL FILED RETURN. AMENDMENT WAS DONE TO CORRECT ALL THE NUMBERS PURSUANT TO THE AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.01$0.46$0.43$0.45$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.41$0.01$0.40$0.14$0.30$0.15
2022Detailed filing. Detailed filing data is available for this year.$0.89$0.06$0.83$0.36$0.44$0.08
2021Detailed filing. Detailed filing data is available for this year.$0.64$0.01$0.63$0.42$0.40$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.10$0.05$1.05$0.55$0.21$0.33
2019Detailed filing. Detailed filing data is available for this year.$0.54$0.01$0.53$0.54$0.38$0.16
2018Detailed filing. Detailed filing data is available for this year.$0.40$0.03$0.37$0.30$0.24$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.32$0.01$0.31$0.44$0.30$0.14
2016Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$0.31$0.44$0.13
2015Detailed filing. Detailed filing data is available for this year.$0.36$0.06$0.31$0.54$0.73$0.19
2014Detailed filing. Detailed filing data is available for this year.$0.50$0.01$0.49$0.72$0.49$0.22
2013Detailed filing. Detailed filing data is available for this year.$0.29$0.02$0.27$0.76$0.76$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.04$0.27$1.63
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.02$0.95$1.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.01$0.93$1.59