2025-11-14T17:11:52-06:00 2024-12-31 330700332 VASQUEZ COMPANY LLP 655 N CENTRAL AVE STE 1550 GLENDALE CA 91203 990 2024-01-01 943369973 PHILIPPINE DEVELOPMENT FOUNDATION DBA PHILDEV USA PHIL 6507873804 325 LYTTON AVENUE 4A PALO ALTO CA 94301 OLIVIA DE JESUS EXECUTIVE DIRECTOR 6506569507 2025-11-13 1 0 REGINA L PRINCE CPA P00576936 2138731700 2024 2025-03-06 01:10:19Z OLIVIA DE JESUS 325 LYTTON AVENUE 4A PALO ALTO CA 94301 600077 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 2 23 0 0 224972 517425 0 0 0 644 -80903 -85063 144069 433006 104138 245000 0 0 91446 102336 5500 0 11614 94516 99384 295600 446720 -151531 -13714 412873 471111 13159 10367 399714 460744 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 353273 245000 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. 353273 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 12 0 1 2 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 CATHERINE BUAN TRUSTEE 1.00 X 0 0 0 CHRISTINA ORIEL TRUSTEE 1.00 X 0 0 0 CHRISTINE SONGCO LAU TRUSTEE (UNTIL 05/24) 1.00 X 0 0 0 CRIS LIBAN BOARD CHAIR 5.00 X X 0 0 0 DANILO LOPEZ TRUSTEE 1.00 X 0 0 0 DIOSDADO BANATAO TRUSTEE 1.00 X X 0 0 0 DON LOPEZ TRUSTEE 1.00 X 0 0 0 ERIC MANLUNAS TRUSTEE 1.00 X 0 0 0 GLORIA GIL BOARD SECRETARY 3.00 X X 0 0 0 JONES CASTRO TRUSTEE 1.00 X X 0 0 0 LYNN HESS TRUSTEE 1.00 X 0 0 0 MARIA BANATAO BOARD TREASURER 5.00 X X 0 0 0 PAOLO MALABUYO BOARD VICE CHAIR 3.00 X X 0 0 0 RANDY REYES TRUSTEE 1.00 X 0 0 0 REGINA MANZANA-SAWHNEY TRUSTEE 1.00 X 0 0 0 RIGOBERTO ADVINCULA TRUSTEE 1.00 X 0 0 0 SHERRI BURKE TRUSTEE (UNTIL 01/24) 1.00 X 0 0 0 ANGELINA CASTRO EXECUTIVE DIRECTOR (UNTIL 07/24) 40.00 X 43428 0 8392 OLIVIA DE JESUS EXECUTIVE DIRECTOR 40.00 X 37992 0 0 81420 0 8392 0 0 0 0 0 289174 228251 13258 517425 644 644 82008 289174 167071 -85063 -85063 433006 0 0 -84419 X 245000 245000 89811 53886 31434 4491 5000 3000 1750 250 7525 4515 2634 376 41494 14523 24897 2074 120 120 1037 1037 45906 26535 14948 4423 708 708 5926 5814 112 2037 2037 1763 1763 TAXES & LICENSES 343 343 MISCELLANEOUS EXPENSES 50 50 446720 353273 81833 11614 412873 375235 14806 4580 0 0 76490 412873 471111 13159 10367 13159 10367 X 399714 460744 399714 460744 412873 471111 -13714 59734 15010 0 X 0 0 0 X 546795 419519 361557 224972 517425 2070268 546795 419519 361557 224972 517425 2070268 615462 1454806 9 644 653 1024 22533 106093 36350 82008 248008 2318929 0.62740 0.64580 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS FUNDRAISING INCOME - 2021 AMOUNT: $ 22,533. 2022 AMOUNT: $ 106,093. 2023 AMOUNT: $ 36,350. 2024 AMOUNT: $ 82,008. FOREX GAIN/LOSS - 2020 AMOUNT: $ 1,024. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 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. 245000 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. ANNUAL GALA 371182 289174 82008 41168 50201 11081 64621 371182 289174 82008 41168 50201 11081 64621 167071 -85063 1 0 0 0 0 0 0 0 0 PART I, LINE 4A ANGELINA CASTRO, FORMER EXECUTIVE DIRECTOR, RECEIVED A SEVERANCE PAY OF 8,392 DURING 2024. X 2 10000 APPRAISAL VALUE X 2 17578 AVG. QUOTED MKT PRICE X AIRLINE TICKETS 3 14280 COST X GOLF OUTING 4 9075 RETAIL COST X HAWAII TICKETS 1 4000 COST X CLOTHING 2 1195 THRIFT SHOP VALUE X GIFT BASKET 2 1017 COST X GIFT CERTIFICATE 1 100 COST 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING IN PART I, COLUMN B, THE NUMBER OF CONTRIBUTIONS. 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, TRUSTEE AND MARIA BANATAO, BOARD TREASURER, ARE FAMILY MEMBERS. ANGELINA CASTRO, EXECUTIVE DIRECTOR AND JONES CASTRO, TRUSTEE 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 0. MANAGEMENT AND GENERAL EXPENSES 540. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 540. PAYROLL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 497. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 497. 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