Overview
What is Penn-Mar Foundation?
Penn-Mar Foundation is a nonprofit organization, headquartered in Freeland, Maryland, with a secondary location in Pennsylvania. Its primary mission is to support Penn-Mar Organization, Inc., a nonprofit organization based in both states, through donations and other forms of assistance. The Foundation's activities involve making gifts, grants, loans, and other forms of property transfers to benefit these two organizations. The Penn-Mar Foundation serves as a crucial source of support for Penn-Mar Organization, Inc., enabling it to carry out its mission of providing assistance to individuals with intellectual and developmental disabilities.
Official website here: www.penn-mar.org
Is Penn-Mar Foundation legitimate?
Penn-Mar Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Penn-Mar 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: $16,750
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.penn-mar.org
What is the mission statement of Penn-Mar Foundation?
The Penn-Mar Foundation's primary mission is to provide financial support in the form of gifts, grants, loans, and other forms of aid to Penn-Mar Organization, Inc., which operates in both Maryland and Pennsylvania. This non-profit organization aims to benefit these two 501(c)(3) entities directly. The foundation receives contributions during the year, which are subsequently utilized for the betterment of Penn-Mar Organization, Inc. in both states. In essence, the Penn-Mar Foundation serves as a financial resource to support the operations and initiatives of Penn-Mar Organization, Inc. in its mission to serve individuals with intellectual disabilities.
Official website here: www.penn-mar.org
Who is the CEO of Penn-Mar Foundation?
Gregory T Miller is the CEO of Penn-Mar Foundation The CEO's salary of Penn-Mar Foundation is $0 and their total compensation is $350,791.
Official website here: www.penn-mar.org
What is the revenue of Penn-Mar Foundation?
Penn-Mar Foundation's revenue in 2023 was $1,931,835.
Official website here: www.penn-mar.org
Who are the executives of Penn-Mar Foundation and what are their salaries?
There 89 volunteers at Penn-Mar Foundation.
Here are 18 key members and their salaries (Penn-Mar Foundation's CEO's salary is $0 and their total compensation is $350,791):
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- Compensation: $0
- Related: $350,791
- Other: $0
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- Related: $202,954
- Other: $0
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- Related: $190,187
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- Related: $192,263
- Other: $0
- Compensation: $0
- Related: $224,754
- Other: $0
Official website here: www.penn-mar.org
Where can I find the form 990 for Penn-Mar Foundation?
Penn-Mar Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.penn-mar.org
Learn more at the official website: www.penn-mar.org
Mission Statement of Penn-Mar Foundation
Penn-Mar Foundation is an organization with a mission to provide financial assistance in the form of gifts, grants, loans, and other forms of property to Penn-Mar Organization, Inc., which operates in both Maryland and Pennsylvania. This nonprofit aims to support the beneficial work of both Penn-Mar Organization, Inc. entities, both of which are recognized as 501(c)(3) organizations. By making these contributions, Penn-Mar Foundation plays a crucial role in furthering the objectives and initiatives of Penn-Mar Organization, Inc. in its respective states.
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Impact
October, 2024
Penn-Mar Foundation has a significant impact by providing financial support through gifts, grants, and loans that directly benefit the Penn-Mar Organizations in Maryland and Pennsylvania. This support enhances the services and programs offered by these organizations, which are dedicated to improving the lives of individuals with disabilities. By channeling contributions into resources and opportunities that empower individuals, the foundation plays a crucial role in fostering community inclusion and promoting independence for those it serves. Its commitment to philanthropy ensures that essential services are sustained and expanded, creating lasting positive effects on the lives of individuals and their families.
This information is meant to be a general summary of Penn-Mar 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $254,169
- Gross Receipts: $2,161,338
Assets and Liabilities:
- Total Assets: $13,176,710
- Total Liabilities: $175,625
- Net Assets: $13,001,085
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Organization Details
Founding Year
1996
Principal Officer
Michael Mahon
Website
www.penn-mar.orgNTEE Category
Code: T30Z - Philanthropy
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