2024-11-15T11:36:16-06:00 2023-12-31 330700332 VASQUEZ COMPANY LLP 655 N CENTRAL AVE STE 1550 GLENDALE CA 91203 990 2023-01-01 943369973 PHILIPPINE DEVELOPMENT FOUNDATION DBA PHILDEV USA PHIL 6506569507 325 LYTTON AVENUE 4A PALO ALTO CA 94301 OLIVIA DE JESUS EXECUTIVE DIRECTOR 6506569507 2024-11-14 1 0 REGINA L PRINCE CPA P00576936 2138731700 2023 2024-10-15 13:58:12Z OLIVIA DE JESUS 325 LYTTON AVENUE 4A PALO ALTO CA 94301 261322 0 X WWW.PHILDEV.ORG X 2000 CA PHILDEV'S MISSION IS TO PROVIDE THE FILIPINO-AMERICAN COMMUNITIES IN THE USA WITH AN EFFECTIVE MECHANISM FOR PHILANTHROPIC ACTIVITIES AND TO ASSIST THE CIVIL SOCIETY ORGANIZATIONS IN THE PHILIPPINES WITH THIS RESOURCE. 15 15 1 17 0 0 361557 224972 0 0 0 0 0 -80903 361557 144069 178818 104138 0 0 92427 91446 10000 5500 19057 158364 94516 439609 295600 -78052 -151531 562257 412873 11013 13159 551244 399714 X 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. 0 0 203375 104138 THE 2023 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 2023 ACADEMIC YEAR, PHILDEV SUPPORTED 75 SCHOLARS. DURING 2023, THERE ARE 222 GRADUATES FOR THIS PROGRAM. 203375 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 9 0 1 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 CA IL X OLIVIA DE JESUS 6506569507 325 LYTTON AVE STE 4A PALO ALTO CA 94301 DIOSDADO BANATAO PRESIDENT/CHAIRMAN 1.00 X X 0 0 0 JONES CASTRO EXECUTIVE VICE CHAIRMAN 1.00 X X 0 0 0 CHRISTINE SONGCO LAU TRUSTEE 1.00 X 0 0 0 REGINA MANZANA-SAWHNEY TRUSTEE 1.00 X 0 0 0 MARIA BANATAO TRUSTEE 1.00 X 0 0 0 SHERRI BURKE TRUSTEE (UNTIL 2023) 1.00 X 0 0 0 RIGOBERTO ADVINCULA TRUSTEE 1.00 X 0 0 0 DANILO LOPEZ TREASURER 1.00 X X 0 0 0 CATHERINE BUAN TRUSTEE 1.00 X 0 0 0 LYNN HESS TRUSTEE 1.00 X 0 0 0 ERIC MANLUNAS TRUSTEE 1.00 X 0 0 0 CRIS LIBAN TRUSTEE 1.00 X 0 0 0 PAOLO MALABUYO TRUSTEE 1.00 X 0 0 0 RANDY REYES TRUSTEE 1.00 X 0 0 0 CHRISTINA ORIEL TRUSTEE 1.00 X 0 0 0 DON LOPEZ TRUSTEE 1.00 X 0 0 0 ANGELINA CASTRO EXECUTIVE DIRECTOR 43.34 X 85000 0 0 85000 0 0 0 0 0 0 0 117482 107490 224972 36350 117482 117253 -80903 -80903 144069 0 0 -80903 X 104138 104138 85000 51000 29750 4250 6446 3868 2256 322 13129 6281 4405 2443 5500 5500 43967 23664 16597 3706 1604 1604 13259 6714 3843 2702 6164 4310 1720 134 481 481 TAXES & LICENSES 12298 12298 SPONSORSHIP 3400 3400 DUES & SUBSCRIPTIONS 172 172 OTHER EXPENSE 42 42 295600 203375 73168 19057 562257 412873 13062 13062 0 0 562257 412873 11013 13159 11013 13159 X 551244 399714 551244 399714 562257 412873 -151531 0 X 1 X 0 0 0 X 536211 546795 419519 361557 224972 2089054 536211 546795 419519 361557 224972 2089054 562810 1526244 60 9 69 108039 1024 22533 106093 36350 274039 2363162 0.64580 0.65380 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 3,816. GROSS FUNDRAISING INCOME - 2019 AMOUNT: $ 103,603. 2021 AMOUNT: $ 22,533. 2022 AMOUNT: $ 106,093. 2023 AMOUNT: $ 36,350. FOREX GAIN/LOSS - 2019 AMOUNT: $ 620. 2020 AMOUNT: $ 1,024. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13062 13062 0 0 1 0 0 0 0 0 0 0 0 0 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, FOR FUNDING OF PHILIPPINE SCIENCE & ENGINEERING SCHOLARSHIP PROGRAM 100000 ACH 0 BOOK 1 0 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE THE U. S. INCLUDE OBTAINING REPORTS THAT SUPPORT THE BUDGETED AMOUNTS SUBMITTED WITH THE GRANT REQUEST ARE SPENT ACCORDINGLY. FINANCIAL REPORTS ARE PERIODICALLY OBTAINED TO SUPPORT THE GRANT EXPENDITURES ARE CONSISTENT WITH THE WRITTEN AGREEMENT. X X X 1 GINA LONGMIRE 1547 GEARY RD UNIT 104 WALNUT CREEK CA 94597 FUNDRAISING SUPPORT - PLANNER FEE 0 0 5500 0 5500 HI NY CA ANNUAL GALA 153832 117482 36350 69989 47264 153832 117482 36350 69989 47264 117253 -80903 FORM 990 PAGE 2 PART III LINE 1 PHILDEV'S MISSION IS TO PROVIDE THE FILIPINO-AMERICAN COMMUNITIES IN THE USA WITH AN EFFECTIVE MECHANISM FOR PHILANTHROPIC ACTIVITIES AND TO ASSIST THE CIVIL SOCIETY ORGANIZATIONS IN THE PHILIPPINES WITH THIS RESOURCE. OUR VISION: EDUCATION WE 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. INNOVATION WE 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. ENTREPRENEURSHIP WE 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. FORM 990, PART VI, SECTION A, LINE 2 DIOSDADO BANATAO, CHAIR AND MARIA BANATAO, TRUSTEE, ARE FAMILY MEMBERS. ANGELINA CASTRO, EXECUTIVE DIRECTOR AND JONES CASTRO, EXECUTIVE VICE CHAIRMAN ARE FAMILY MEMBERS. DANNY LOPEZ, TREASURER AND DON LOPEZ, TRUSTEE ARE FAMILY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B PHILIPPINE DEVELOPMENT FOUNDATION'S CPA FIRM AND FINANCE TEAM PREPARE THE FORM 990. THE FORM IS THEN REVIEWED AND APPROVED BY THE ORGANIZATION'S EXECUTIVE DIRECTOR. THE FORM 990, INCLUDING ALL SCHEDULES, IS THEN PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE COVERED PERSONS UNDER PHILDEV'S CONFLICT OF INTEREST POLICY. AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM IS REQUIRED TO BE COMPLETED BY ALL COVERED PERSONS WHEREIN THEY AFFIRM THAT THEY 1) HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; 2) HAVE READ AND UNDERSTAND THE CONFLICT OF INTEREST POLICY; 3) AGREE TO COMPLY WITH THE CONFLICT OF INTEREST POLICY; 4) AFFIRM ANY TRANSACTIONS THEY OR A FAMILY MEMBER HAVE ENTERED INTO, DIRECTLY OR INDIRECTLY, WITH PHILDEV; 5) AFFIRM WHETHER THEY OR A FAMILY MEMBER HELD A POSITION WITH AN ORGANIZATION THE PHILDEV HAS ANY BUSINESS RELATIONSHIP WITH; 6) AFFIRM WHETHER THEY OR A FAMILY MEMBER HAD A FINANCIAL INTEREST IN ANY ORGANIZATION THAT PHILDEV HAS OR IS CONTEMPLATING ENTERING INTO A BUSINESS RELATIONSHIP WITH; AND 7) AFFIRM WHETHER THEY OR A FAMILY MEMBER RECEIVED ANY GIFTS, MONEY, LOANS OR OTHER TYPE OF SERVICE OR FAVOR WITH A MARKET VALUE OF $200 OR MORE FROM ANY PERSON OR ORGANIZATION THAT HAS, OR IS SEEKING TO HAVE, A BUSINESS RELATIONSHIP WITH THE PHILDEV. THE BOARD OF DIRECTORS REVIEWS THE ANNUAL DISCLOSURES AND ADDRESSES ANY POTENTIAL CONFLICTS OF INTEREST, WITH ANY INTERESTED PERSON ABSTAINING FROM THE DELIBERATION AND DISCUSSION OF THE MATTER. FORM 990, PART VI, SECTION B, LINE 15A PHILDEV'S BOARD OF DIRECTORS HAS A PROCESS FOR REVIEWING AND APPROVING THE COMPENSATION OF THE EXECUTIVE DIRECTOR ON A REGULAR BASIS TO DETERMINE IT IS FAIR AND REASONABLE WITH THE GOAL OF RETAINING EMPLOYEES AT COMPENSATION LEVELS WITHIN APPROPRIATE MARKET RANGE. THE PROCESS FOR DETERMINING THE COMPENSATION PAID TO THE EXECUTIVE DIRECTOR INCLUDES THE APPROVAL OF THE COMPENSATION ARRANGEMENT IN ADVANCE, BY THE BOARD OF DIRECTORS, WITH ALL PERSONS WITH A CONFLICT OF INTEREST ABSTAINING FROM THE BOARD'S DELIBERATION AND DISCUSSION. THE BOARD REVIEWS DATA OF COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED NONPROFIT EXECUTIVES AT SIMILARLY SITUATED ENTITIES. THE DOCUMENTATION OF THE BOARD INCLUDES THE TERMS OF THE TRANSACTION AND THE DATE OF APPROVAL, THE MEMBERS WHO WERE PRESENT DURING THE DEBATE AND VOTE ON THE TRANSACTION, A DESCRIPTION OF THE COMPARABLE DATA AND HOW IT WAS OBTAINED, AND DOCUMENTATION OF THE BASIS FOR THE DETERMINATION. FORM 990, PART VI, SECTION C, LINE 19 SOME OR ALL OF THESE ITEMS MAYBE AVAILABLE THROUGH THE WEBSITE AND ANNUAL REPORT. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 23,664. MANAGEMENT AND GENERAL EXPENSES 16,597. FUNDRAISING EXPENSES 3,706. TOTAL EXPENSES 43,967. PHILIPPINE S&T DEVELOPMENT FOUNDATION-MANILA INC 29TH FLOOR ROBINSON CYBER GAMMA BL PASIG CITY RP FOR EDUCATIONAL RESEARCH AND SCIENTIFIC ACTIVITIES. RP 501(C)(3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0