Paltown Development Foundation Inc
- Assets
- $306.3k
- Revenue
- $699.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Crownsville, MD
- Founding
- 09/2017
- Data as of
- 12/2022
- EIN
- 81-4532089
Organization Overview
Paltown Development Foundation Inc is located in Crownsville, MD. The organization was established in 2017. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Paltown Development Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paltown Development Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Paltown Development Foundation Inc generated $699.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 40.6% each year . All expenses for the organization totaled $644.3k during the year ending 12/2022. While expenses have increased by 43.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLONTOWN: ONLINE COMMUNITY FOR COLORECTAL CANCER PATIENTS AND CAREGIVERS. COLONTOWN GREW BY OVER 1300 MEMBERS IN 2022 AND SERVED 8,000 BY END OF YEAR. THE COMMUNITY INCLUDES 125 GROUPS, AND IS MANAGED BY A TEAM OF PATIENTS AND CAREGIVERS, INCLUDING A FULL TIME PROGRAM MANAGER, ALONG WITH MORE THAN 100 VOLUNTEER MEMBER ADMINS.
COLONTOWN UNIVERSITY IS AN ONLINE DISEASE EDUCATION RESOURCE FOR COLORECTAL CANCER PATIENTS AND CAREGIVERS, PROVIDING MULTIMEDIA LEARNING CENTERS ON TOPICS OF HIGH INTEREST TO PATIENTS. IN 2022, PALTOWN LAUNCHED A NEW WEBSITE TO HOUSE COLONTOWN UNIVERSITY, OFFERING HUNDREDS OF PAGES OF HIGH QUALITY EDUCATIONAL CONTENT, INCLUDING 59 ZOOM PRESENTATIONS BY RESEARCHERS AND CLINICIANS. THE NEW SITE HAD 25,000 VISITORS IN ITS FIRST YEAR.
SEARCHING SAFARI IS A 4-WEEK GUIDED WORKSHOP TO HELP STAGE IV MSS PATIENTS AND CAREGIVERS FIND POTENTIAL CLINICAL TRIALS. PARTICIPANTS GAIN ACCESS TO RESOURCES FOR UNDERSTANDING TRIALS, A PERSONAL TRIAL LIST TO REFERENCE IN THE FUTURE, AND A COHORT OF FELLOW TRIAL SEEKERS FOR ONGOING SUPPORT! COLONTOWN UNIVERSITY DEVELOPED A NEW WEBSITE FOR THIS PROGRAM IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trevor Barlow Board Chair | OfficerTrustee | 2 | $0 |
Linh Nguyen Treasurer | OfficerTrustee | 0.25 | $0 |
Howard Brown Director | Trustee | 0.25 | $0 |
Sam Dharia Director (from 11/22) | Trustee | 0.25 | $0 |
Kelly Nelson Director | Trustee | 0.25 | $0 |
Michael Schoenbaum Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $699,483 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $699,483 |
| Total Program Service Revenue | $0 |
| Investment income | $25 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $699,508 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $119,508 |
| Compensation of current officers, directors, key employees. | $18,865 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,833 |
| Pension plan accruals and contributions | $4,067 |
| Other employee benefits | $0 |
| Payroll taxes | $6,950 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,169 |
| Fees for services: Accounting | $24,431 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $273,126 |
| Advertising and promotion | $8,532 |
| Office expenses | $18,985 |
| Information technology | $29,507 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,421 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $72,233 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,482 |
| All other expenses | $1,363 |
| Total functional expenses | $644,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $279,541 |
| Pledges and grants receivable | $20,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,782 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $306,323 |
| Accounts payable and accrued expenses | $6,710 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,710 |
| Net assets without donor restrictions | $214,034 |
| Net assets with donor restrictions | $85,579 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $306,323 |