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Philippine Development Foundation

EIN 94-3369973 · Palo Alto, CA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong93 out of 100GovernanceGood76 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$433,006
Spending
$446,720
Spent on programs
79%
Reserves
12.4 months of spending
Largest source of income
donations and private grants, 100%
Employees
2
Volunteers
23
Highest pay
$51,820, executive director (until 07/24)

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 93 out of 100. Higher than 76% of charities in its peer group (international, $250k to $1m).

  • Reserves

    35 of 35

    Spendable reserves would cover 12.4 months of spending.

  • Debt

    20 of 20

    It owes 2% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 3% of income.

  • Income trend

    15 of 15

    Income rose 201% on the year before.

  • Spending floor

    15 of 15

    79% of spending went to programs and raising each dollar of donations cost 2 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 76 out of 100. Higher than 58% of charities in its peer group (international, $250k to $1m).

  • Independent board

    25 of 25

    15 of 15 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $353,273 spent. 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.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since January 2001.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.