Nonprofit · EIN 22-2524368
THE PRESBYTERIAN FOUNDATION FOR PHILADELPHIA
Tax-exempt · PHILADELPHIA, PA 19119
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $26,601,989 | $4,811,408 | $21,790,581 | $416,121,207 | $0 | $416,121,207 |
| June 30, 2024 | 990 | $27,240,989 | $4,964,429 | $22,276,560 | $388,059,903 | $0 | $388,059,903 |
| June 30, 2023 | 990 | $13,454,877 | $4,980,212 | $8,474,665 | $353,123,423 | $0 | $353,123,423 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $26,601,989
- Net gain from sales of assets
- $20,915,611
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $10,000
- Program services (functional)
- $4,600,000
- Management and general (functional)
- $211,408
Balance sheet and other
- Total assets, start of year
- $388,059,903
- Total assets, end of year
- $416,121,207
- Total liabilities, end of year
- $0
- Net assets, end of year
- $416,121,207
- Publicly traded securities
- $258,459,799
- Net assets without donor restrictions
- $416,121,207
- Gross receipts
- $43,186,378
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1983
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Joseph Duffey | Chair, President & CEO Trustee or director, Officer | 1 | $0 | $400,316 | $84,896 |
| Michael DeMarco | Assistant Treasurer Officer | 1 | $0 | $275,127 | $76,464 |
| Max R Kent | Assistant Secretary Officer | 1 | $0 | $254,187 | $74,329 |
| Mary Naylor | Secretary Trustee or director, Officer | 1 | $0 | $76,025 | $0 |
| Stephen Mullin | Treasurer Trustee or director, Officer | 1 | $0 | $76,025 | $0 |
| Neil Pitts | Board Member Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Joseph Duffey | Chair, President & CEO Trustee or director, Officer | 1 | $0 | $394,445 | $84,508 |
| Michael DeMarco | Assistant Treasurer Officer | 1 | $0 | $267,089 | $67,209 |
| Max R Kent | Assistant Secretary Officer | 1 | $0 | $246,758 | $63,956 |
| Mary Naylor | Secretary Trustee or director, Officer | 1 | $0 | $73,811 | $0 |
| Stephen Mullin | Treasurer Trustee or director, Officer | 1 | $0 | $73,811 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Joseph Duffey | Chair, President & CEO Trustee or director, Officer | 1 | $0 | $368,702 | $80,107 |
| Michael DeMarco | Assistant Treasurer Officer | 1 | $0 | $259,285 | $69,490 |
| Max R Kent | Assistant Secretary Officer | 1 | $0 | $239,545 | $62,810 |
| Mary Naylor | Secretary Trustee or director, Officer | 1 | $0 | $71,661 | $0 |
| Stephen Mullin | Treasurer Trustee or director, Officer | 1 | $0 | $71,661 | $0 |
Address and contacts
- Address (IRS master file)
- 6970 GERMANTOWN AVE, PHILADELPHIA, PA 19119-2114
- Principal officer (990 for 2024)
- Michael P DeMarco, 6970 Germantown Avenue, Philadelphia, PA 19119
- Signed the 990
- Michael DeMarco, CFO
- Phone
- (215) 951-4290
- Website
- newcourtland.org
Mission
To provide financial support to NewCourtland (FID 23-2734102) in their care of the elderly, homeless and veterans. In addition, the organization provides executive leadership and strategic planning to NewCourtland and other affiliate organizations involved in elder care in Philadelphia -- nursing homes; elder, homeless and veteran housing; and community-based care for the elderly, homeless and veterans.
Program accomplishments
- Executive leadership and strategic planning for affiliate organizations involved in elder care and the disadvantaged in Philadelphia - nursing homes, elder housing, senior centers, housing for disadvantaged populations including veterans and the homeless.Expenses $4,600,000 · revenue $5,686,379
- N/A0
- None0
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2524368
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1990
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E110)
- Assets (IRS master file)
- $416,121,207
- Income (IRS master file)
- $43,186,378
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $26,601,989 | $4,811,408 | $416,121,207 | IRS |
| 990 | June 2024 | $27,240,989 | $4,964,429 | $388,059,903 | IRS |
| 990 | June 2023 | $13,454,877 | $4,980,212 | $353,123,423 | XML |
| 990 | June 2022 | $16,376,348 | $5,651,580 | $325,884,947 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2524368).
Questions about THE PRESBYTERIAN FOUNDATION FOR PHILADELPHIA
- What is the EIN of THE PRESBYTERIAN FOUNDATION FOR PHILADELPHIA?
- The employer identification number (EIN) of THE PRESBYTERIAN FOUNDATION FOR PHILADELPHIA is 22-2524368.
- Is THE PRESBYTERIAN FOUNDATION FOR PHILADELPHIA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to THE PRESBYTERIAN FOUNDATION FOR PHILADELPHIA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does THE PRESBYTERIAN FOUNDATION FOR PHILADELPHIA file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE PRESBYTERIAN FOUNDATION FOR PHILADELPHIA due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE PRESBYTERIAN FOUNDATION FOR PHILADELPHIA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of THE PRESBYTERIAN FOUNDATION FOR PHILADELPHIA?
- The 990 for the year ended June 30, 2025 names Michael P DeMarco.
- Who are the officers and directors of THE PRESBYTERIAN FOUNDATION FOR PHILADELPHIA?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does THE PRESBYTERIAN FOUNDATION FOR PHILADELPHIA have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $26,601,989, expenses of $4,811,408 and total assets of $416,121,207 at year end.
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