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The Pec Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 232851068 ✦ Philadelphia, PA ✦ Designated as a 501(c)(3)

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Overview

What is The Pec Foundation?

The Pec Foundation is a supporting organization based in Philadelphia, Pennsylvania. Established with the purpose of raising and managing funds, this nonprofit is committed to benefiting and supporting the People's Emergency Center (PEC) and the People's Emergency Center Community Development Corporation (PEC CDC). The mission of the Pec Foundation involves overseeing, investing, and making qualifying grants to these two Pennsylvania nonprofit corporations. The PEC focuses on providing essential services, while the PEC CDC works on community development initiatives, aiming to improve the lives of the local community.


Official website here: www.pec-care.org

Is The Pec Foundation legitimate?

The Pec Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Pec Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.pec-care.org

What is the mission statement of The Pec Foundation?

The Pec Foundation's mission is centered around overseeing, investing, and providing qualifying grants to two specific Pennsylvania nonprofit corporations: People's Emergency Center and People's Emergency Center Community Development Corporation. The foundation serves as a supporting organization, aiming to raise and manage funds for the benefit and support of these two entities. Its primary objective is to contribute to their operations and initiatives.


Official website here: www.pec-care.org

Who is the CEO of The Pec Foundation?

Kathleen Desmond is the Board Chair of The Pec Foundation.


Official website here: www.pec-care.org

What is the revenue of The Pec Foundation?

The Pec Foundation's revenue in 2022 was $356,608.


Official website here: www.pec-care.org

Who are the executives of The Pec Foundation and what are their salaries?

There 6 volunteers at The Pec Foundation.


Here are 8 key members and their salaries:


Ellen Brotman (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg El (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Fahringer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Damien Ghee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christine Jacobs (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Pahides (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathleen Desmond (President - Pec)
  • Compensation: $0
  • Related: $181,444
  • Other: $19,106
Timothy Klarich (Vp Finance - Pec (Thru 7/9/21))
  • Compensation: $0
  • Related: $83,355
  • Other: $9,902


Official website here: www.pec-care.org

Where can I find the form 990 for The Pec Foundation?

The Pec Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.pec-care.org

Learn more at the official website: www.pec-care.org

Mission Statement of The Pec Foundation

The Pec Foundation is committed to overseeing, investing, and granting funds to two Pennsylvania-based nonprofit corporations: People's Emergency Center and People's Emergency Center Community Development Corporation. The primary objective of this supporting organization is to contribute to the well-being and advancement of these nonprofits. The Pec Foundation plays a pivotal role in managing resources, ensuring the sustainable growth and development of the People's Emergency Center and the People's Emergency Center Community Development Corporation. By providing qualifying grants, the foundation actively supports the missions and initiatives of these organizations, thereby contributing to their overall success.

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Impact




October, 2024

The Pec Foundation plays a pivotal role in enhancing the quality of life for individuals and families in Philadelphia, specifically through its support of the People's Emergency Center and the People's Emergency Center Community Development Corporation. By overseeing, investing, and distributing qualifying grants, the foundation directly contributes to crucial initiatives aimed at alleviating homelessness and fostering community development.

Its efforts focus on raising and managing funds that support housing stability and related services, ensuring that vulnerable populations have access to essential resources and safe living conditions. The foundation's impact is evident in the lives it touches; by facilitating programs that empower residents, promote self-sufficiency, and strengthen communities, it contributes not only to individual well-being but also to the social fabric of the city. Through targeted investments and a commitment to long-term change, the Pec Foundation helps create pathways to better housing, economic opportunity, and community resilience.




This information is meant to be a general summary of The Pec Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$356,608 (2022)
Expenses
$16,711 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $356,608
  • Gross Receipts: $1,351,963

Assets and Liabilities:

  • Total Assets: $6,447,398
  • Total Liabilities: $416,461
  • Net Assets: $6,030,937

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Organization Details

Founding Year

1996

Principal Officer

Kathleen Desmond

Main Address

325 N 39TH STREET, PHILADELPHIA, PA, 19104

NTEE Category

Code: L80Z - Housing

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