Nonprofit · EIN 23-1581832
PHILADELPHIA FOUNDATION
Tax-exempt · PHILADELPHIA, PA 19103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $88,851,245 | $52,053,674 | $36,797,571 | $704,644,796 | $22,728,088 | $681,916,708 |
| December 31, 2023 | 990 | $57,345,521 | $54,267,925 | $3,077,596 | $630,809,001 | $25,715,571 | $605,093,430 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $66,089,710
- Program service revenue
- $659,023
- Investment income
- $22,078,930
- Net rental income
- $23,582
- Net gain from sales of assets
- $4,073,805
- Other revenue
- $23,582
Expenses
- Grants and similar amounts paid
- $42,876,874
- Compensation of officers, directors and key employees
- $965,881
- Other salaries and wages
- $2,130,565
- Salaries, compensation and benefits (total)
- $3,618,311
- Professional fundraising fees
- $0
- Legal fees
- $111,010
- Accounting fees
- $106,932
- Occupancy
- $245,593
- Travel
- $14,934
- Depreciation
- $92,095
- Program services (functional)
- $46,702,471
- Management and general (functional)
- $4,918,485
- Fundraising (functional)
- $432,718
Balance sheet and other
- Total assets, start of year
- $630,809,001
- Total assets, end of year
- $704,644,796
- Total liabilities, end of year
- $22,728,088
- Net assets, end of year
- $681,916,708
- Land, buildings and equipment
- $1,192,422
- Publicly traded securities
- $495,747,204
- Net assets without donor restrictions
- $657,991,750
- Net assets with donor restrictions
- $23,924,958
- Gross unrelated business income
- -$98,781
- Gross receipts
- $131,493,285
- Employees
- 57
- Volunteers
- 28
- Year formed
- 1918
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PEDRO A RAMOS | PRESIDENT & CEO, SECRETARY Officer | 35 | $451,338 | $77,078 |
| ORLANDO ESPOSITO | CHIEF INVEST. OFCR., CFO TO JUN 2024 Officer | 35 | $200,568 | $57,029 |
| JANICE MARINI | CHIEF ADVANCEMENT OFFICER Highest-paid employee | 35 | $190,798 | $40,885 |
| HELEN BOOTH | CHIEF OF STAFF Highest-paid employee | 35 | $170,834 | $56,581 |
| KEVIN DOW | EXEC. DIRECTOR, REGIONAL FOUNDATION Highest-paid employee | 35 | $174,502 | $18,887 |
| DENISE AYERS | DIRECTOR OF GRANTS AND PROGRAMS Highest-paid employee | 35 | $133,158 | $36,585 |
| THEODORE QUALLI | DIR. OF COMMUNICATIONS AND MARKETING Highest-paid employee | 35 | $151,947 | $16,282 |
| CHRISTINE CONTI | CHIEF FINANCIAL & ADMIN. OFFICER Officer | 35 | $116,827 | $11,683 |
| LON GREENBERG | CHAIR Trustee or director, Officer | 2.2 | $0 | $0 |
| WILLIAM J BURKE | TREASURER Trustee or director, Officer | 2.2 | $0 | $0 |
| KATE ALLISON | BOARD MEMBER Trustee or director | 2.2 | $0 | $0 |
| HOLLY FLANAGAN | BOARD MEMBER Trustee or director | 2.2 | $0 | $0 |
| CHRISTINA MESIRES FOURNARIS | BOARD MEMBER Trustee or director | 2.2 | $0 | $0 |
| WILLIAM P HANKOWSKY | BOARD MEMBER Trustee or director | 2.2 | $0 | $0 |
| DIXIANNE JAMES | BOARD MEMBER Trustee or director | 2.2 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALDUSTUS AJ JORDAN | BOARD MEMBER Trustee or director | 2.2 | $0 |
| SHIRIN KARSAN | BOARD MEMBER Trustee or director | 2.2 | $0 |
| SHARMAIN MATLOCK-TURNER | BOARD MEMBER Trustee or director | 2.2 | $0 |
| EVELYN MCNIFF | BOARD MEMBER Trustee or director | 2.2 | $0 |
| MICHAEL K PEARSON | BOARD MEMBER Trustee or director | 2.2 | $0 |
| WENDELL PRITCHETT | BOARD MEMBER Trustee or director | 2.2 | $0 |
| ANDREW ROGOFF | BOARD MEMBER Trustee or director | 2.2 | $0 |
| JANE SCACCETTI | BOARD MEMBER Trustee or director | 2.2 | $0 |
| EVAN URBANIA | BOARD MEMBER Trustee or director | 2.2 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PEDRO A RAMOS | PRESIDENT & CEO, SECRETARY Officer | 35 | $424,584 | $66,225 |
| ORLANDO ESPOSITO | CHIEF FINANCIAL OFFICER Officer | 35 | $200,158 | $51,544 |
| HELEN BOOTH | CHIEF OF STAFF Highest-paid employee | 35 | $164,942 | $39,273 |
| KEVIN DOW | EXEC. DIRECTOR, REGIONAL FOUNDATION Highest-paid employee | 35 | $169,000 | $18,387 |
| THEODORE QUALLI | DIR. OF COMMUNICATIONS AND MARKETING Highest-paid employee | 35 | $154,904 | $16,665 |
| DIANE MELLEY | EXECUTIVE DIR. & SENIOR ADVISOR Highest-paid employee | 35 | $115,583 | $39,546 |
| DEBORAH BENTZEL | SR. PROG. OFCR., REGIONAL FOUNDATION Highest-paid employee | 35 | $118,384 | $11,643 |
| LON GREENBERG | CHAIR JUL 2023, VICE CHAIR Trustee or director, Officer | 2.2 | $0 | $0 |
| WILLIAM J BURKE | TREASURER Trustee or director, Officer | 2.2 | $0 | $0 |
| KATE ALLISON | CHAIR TO JUN 2023, BRD MBR Trustee or director, Officer | 2.2 | $0 | $0 |
| STEVEN SCOTT BRADLEY | BOARD MEMBER Trustee or director | 2.2 | $0 | $0 |
| FERNANDO CHANG-MUY | BOARD MEMBER Trustee or director | 2.2 | $0 | $0 |
| HOLLY FLANAGAN | BOARD MEMBER Trustee or director | 2.2 | $0 | $0 |
| CHRISTINA MESIRES FOURNARIS | BOARD MEMBER Trustee or director | 2.2 | $0 | $0 |
| WILLIAM P HANKOWSKY | BOARD MEMBER Trustee or director | 2.2 | $0 | $0 |
| DIXIANNE JAMES | BOARD MEMBER Trustee or director | 2.2 | $0 | $0 |
| SHIRIN KARSAN | BOARD MEMBER Trustee or director | 2.2 | $0 | $0 |
| EVELYN MCNIFF | BOARD MEMBER Trustee or director | 2.2 | $0 | $0 |
| MICHAEL K PEARSON | BOARD MEMBER Trustee or director | 2.2 | $0 | $0 |
| R DUANE PERRY | BOARD MEMBER Trustee or director | 2.2 | $0 | $0 |
| WENDELL PRITCHETT | BOARD MEMBER Trustee or director | 2.2 | $0 | $0 |
| ANDREW ROGOFF | BOARD MEMBER Trustee or director | 2.2 | $0 | $0 |
| JANE SCACCETTI | BOARD MEMBER Trustee or director | 2.2 | $0 | $0 |
| EVAN URBANIA | BOARD MBR AS OF MAY 2023 Trustee or director | 2.2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1835 MARKET ST STE 2410, PHILADELPHIA, PA 19103-2909
- Principal officer (990 for 2024)
- PEDRO A RAMOS, 1835 MARKET STREET 2410, PHILADELPHIA, PA 19103
- Signed the 990
- PEDRO A RAMOS, PRESIDENT & CEO
- Phone
- (215) 563-6417
- Website
- WWW.PHILAFOUND.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
SEE SCHEDULE O.PHILADELPHIA FOUNDATION IS ONE OF THE COUNTRY'S FIRST PUBLICLY SUPPORTED COMMUNITY FOUNDATIONS AND THE LARGEST DEVOTED TO IMPROVING LIVES IN GREATER PHILADELPHIA. FOR OVER A CENTURY, COMMUNITY MEMBERS, CIVIC AND BUSINESS SECTOR LEADERS, AND NONPROFIT ORGANIZATIONS HAVE TURNED TO US FOR PARTNERSHIP AND COLLABORATION IN RESPONDING TO COMMUNITY NEEDS AND CREATING OPPORTUNITIES FOR IMPACT.IN OUR WORK AS A CIVIC CATALYST, TRUSTED PARTNER, AND STRATEGIC PROBLEM-SOLVER ALL DETAILED BELOW WE SEEK TO STRENGTHEN THE ECONOMIC, SOCIAL, AND CIVIC VITALITY OF THE REGION. WE USE A ROBUST PORTFOLIO OF APPROACHES STRATEGIC LEADER, FUNDER, CONVENOR, RESOURCE AGGREGATOR, POLICY ADVOCATE TO ADVANCE THAT MISSION. OUR PHILOSOPHY IS THAT PROVIDING CIVIC AND COMMUNITY LEADERSHIP IS NECESSARY FOR EFFECTIVE PHILANTHROPIC LEADERSHIP.
Program accomplishments
- SEE SCHEDULE O.1. CIVIC CATALYST: AS A PLACE-BASED PHILANTHROPIC AND CIVIC LEADER, WE CAN INVEST, PARTNER, LEAD, AND MAINTAIN FOCUS OVER AN EXTENDED TIME HORIZON. RECOGNIZING THESE STRENGTHS, INCREASINGLY WE ARE OPERATING PROACTIVELY IN OUR CIVIC LEADERSHIP ROLE DRIVING ATTENTION TO ISSUES AND BRINGING CAPACITY OFF THE SIDELINES. WE ALIGN DIVERSE STAKEHOLDERS (CIVIC, BUSINESS, NONPROFIT, GOVERNMENTAL) TO AMPLIFY IMPACT, MAKING THE WHOLE GREATER THAN THE SUM OF ITS PARTS. IN 2024, WE CONTINUED TO PLAY A LEADERSHIP ROLE IN THE CIVIC COALITION TO SAVE LIVES, WHICH SEEKS TO STRENGTHEN PROVEN GUN VIOLENCE INTERVENTION EFFORTS THROUGH SHARING VITAL DATA; FOSTERING NEW PARTNERSHIPS; GRANTMAKING; AND BUILDING A COLLABORATIVE INFRASTRUCTURE TO SUSTAIN PROGRESS OVER TIME. FROM 2023 TO 2024, HOMICIDES IN PHILADELPHIA DROPPED OVER 35% SAVING MORE THAN 140 LIVES. ALSO IN 2024, GALVANIZED BY HARVARD PROFESSOR RAJ CHETTY'S SOBERING FINDING THAT THE PHILADELPHIA METRO WAS LAST AMONG 50 MAJOR METROS IN 2024 FOR UPWARD ECONOMIC MOBILITY, PHILADELPHIA FOUNDATION'S BOARD OF MANAGERS PUT A STAKE IN THE GROUND: OVER THE NEXT 10 YEARS, WE WILL WORK TO MEASURABLY INCREASE FINANCIAL AND SOCIAL CAPITAL FOR THE MOST VULNERABLE IN OUR REGION.2. TRUSTED PARTNER: WE HAVE AN EXTENSIVE KNOWLEDGE BASE AND DEEP CONNECTIONS ACROSS THE REGION STRENGTHS THAT MATTER BOTH WHEN ADDRESSING LONG-STANDING CHALLENGES AND RESPONDING TO NEW CRISES. AS A RESULT, COMMUNITY MEMBERS, CIVIC AND BUSINESS SECTOR LEADERS, AND NONPROFIT ORGANIZATIONS TURN TO US FOR PARTNERSHIP AND COLLABORATION IN RESPONDING TO COMMUNITY NEEDS. THE PHILADELPHIA FOUNDATION ADDRESSED URGENT NEEDS ACROSS THE GREATER PHILADELPHIA REGION IN 2024, WITH NEARLY $63M IN GRANTS FROM ITS FUNDS AND THOSE OF ITS AFFILIATED SUPPORTING ORGANIZATIONS. 3. STRATEGIC PROBLEM-SOLVER: WE ARE UNIQUELY POSITIONED IN THE REGION'S PHILANTHROPIC ECOSYSTEM TO TRANSFORM WEALTH INTO LASTING IMPACT BRINGING A VISION FOR IMPACT TO LIFE. WE APPLY OUR EXPERTISE, RESOURCES, AND TOOLS TO HELP ITERATE, DEVELOP, AND STRENGTHEN A DONOR'S CONCEPT AND THEN EXECUTE ON IT. PHILADELPHIA FOUNDATION STEWARDS OVER 1,100 CHARITABLE FUNDS AND AWARDS OVER 1,000 GRANTS AND SCHOLARSHIPS EACH YEAR. IN PARTNERING WITH DONORS TO TRANSFORM GENEROSITY INTO LASTING IMPACT, WE SEEK TO ENSURE THAT PHILANTHROPIC DOLLARS REMAIN ACTIVE IN GREATER PHILADELPHIA AND AGGREGATE FUNDING TO MAXIMIZE IMPACT.Expenses $46,702,471 · grants $42,876,874 · revenue $659,023
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-1581832
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T310)
- Assets (IRS master file)
- $704,644,796
- Income (IRS master file)
- $131,493,285
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $88,851,245 | $52,053,674 | $704,644,796 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $57,345,521 | $54,267,925 | $630,809,001 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $80,318,312 | $48,747,954 | $584,384,980 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 23-1581832).
Questions about PHILADELPHIA FOUNDATION
- What is the EIN of PHILADELPHIA FOUNDATION?
- The employer identification number (EIN) of PHILADELPHIA FOUNDATION is 23-1581832.
- Is PHILADELPHIA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to PHILADELPHIA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PHILADELPHIA FOUNDATION 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 PHILADELPHIA FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PHILADELPHIA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PHILADELPHIA FOUNDATION?
- The 990 for the year ended December 31, 2024 names PEDRO A RAMOS.
- Who are the officers and directors of PHILADELPHIA FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 24 people; 8 received compensation from the organization, the highest $451,338 (PEDRO A RAMOS, PRESIDENT & CEO, SECRETARY).
- How much revenue does PHILADELPHIA FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $88,851,245, expenses of $52,053,674 and total assets of $704,644,796 at year end.
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