Palms For Life Fund Inc
- Assets
- $826.7k
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 2
- Location
- Bronxville, NY
- Founding
- 07/2006
- Data as of
- 12/2021
- EIN
- 16-1760622
Organization Overview
Palms For Life Fund Inc is located in Bronxville, NY. The organization was established in 2006. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 12/2021, Palms For Life Fund Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palms For Life Fund 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 12/2021, Palms For Life Fund Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 53.2% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 50.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVOCATE FOR AND SUPPORT THE CREATION OF INFRASTRUCTURE THAT SUPPORTS BASIC HUMAN RIGHTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PALMS FOR LIFE FUND (PFLF) IS WORKING IN SOUTHERN AFRICA TO IMPROVE WELL-BEING, HUMAN RIGHTS, AND ACCESS TO EDUCATION FOR MOST VULNERABLE POPULATIONS. WE USE A RESULTS-DRIVEN, HUMAN RIGHTS APPROACH, WITHIN THE CONTEXT OF THE UN SUSTAINABLE DEVELOPMENT GOALS.IN NAMIBIA AND BOTSWANA, PFLF IMPLEMENTS A 3-YEAR SOCIAL DEVELOPMENT PROGRAM, WITH GENEROUS FUNDING BY A PRIVATE FAMILY FOUNDATION. THIS PROGRAM WORKS WITH HISTORICALLY MARGINALISED INDIGENOUS GROUPS: THE SAN IN NAMIBIA, AND INDIGENOUS POPULATIONS (MAINLY SAN COMMUNITIES IN BOTSWANA). IN BOTH COUNTRIES, PFLF WORKS CLOSELY WITH GOVERNMENT AND LOCAL IMPLEMENTING PARTNERS, WHO ARE EXPERTS IN THEIR PARTICULAR AREAS OF SOCIAL DEVELOPMENT. PROJECTS ARE DIVERSE AND RANGE FROM VOCATIONAL AND EDUCATIONAL SCHOLARSHIPS, TO HYDROPONICS INSTALLATIONS, TO INTERVENTIONS TO ELIMINATE GENDER-BASED VIOLENCE.IN ESWATINI, PFLF HAS COMPLETED OVER 10 YEARS OF SOCIAL DEVELOPMENT WORK WITH PROJECTS FOCUSING ON VULNERABLE CHILDREN, IMPROVING ACCESS TO SANITATION/WATER, ACCESS TO EARLY CHILDHOOD EDUCATION FOR ALL, AND HUMAN RIGHTS FOR PEOPLE WITH DISABILITIES AND DIFFERING ABILITIES. CURRENTLY, PFLF IS MANAGING A SMALL GRANTS PROGRAMME IN ESWATINI FOR TARGETED, SHORT-TERM INTERVENTIONS, WITH BIG IMPACT; THESE PROJECTS ARE KINDLY FUNDED BY ONE FAMILY FOUNDATION IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hannah Laufer-Rottman Executive Director | Officer | 40 | $79,000 |
Andrew J Trager Treasurer | OfficerTrustee | 2 | $0 |
Naama Laufer President | OfficerTrustee | 2 | $0 |
Eric Moskowitz Director | Trustee | 1 | $0 |
Ellen Jacobson Director | Trustee | 1 | $0 |
Cara Yar Khan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,922 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,335,694 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,371,616 |
| Total Program Service Revenue | $2,229 |
| Investment income | $370 |
| 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 | $2,374,215 |
| 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. | $79,000 |
| Compensation of current officers, directors, key employees. | $7,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,240 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,821 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,183 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $155,956 |
| Advertising and promotion | $5,111 |
| Office expenses | $0 |
| Information technology | $114,993 |
| Royalties | $0 |
| Occupancy | $45,766 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $182 |
| Insurance | $375 |
| All other expenses | $0 |
| Total functional expenses | $1,695,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $826,231 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500 |
| Total assets | $826,731 |
| Accounts payable and accrued expenses | $4,720 |
| 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 | $16,303 |
| Total liabilities | $21,023 |
| Net assets without donor restrictions | $805,708 |
| Net assets with donor restrictions | $0 |
| 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 | $826,731 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Palms For Life Fund Inc has recieved totaling $10,124.
| Awarding Organization | Amount |
|---|---|
Marble Fund Inc New York, NY PURPOSE: EDUCATIONAL AND OTHER CHARITABLE PURPOSES TO ORGANIZATIONS UNDER SECTION 501(C)(3). | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $124 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
All Hands And Hearts Smart Response Inc Mattapoisett, MA | $9,975,050 | $9,148,388 |
New York Disaster Interfaith Services Inc New York, NY | $1,215,905 | $3,973,628 |
New Jersey Emergency Medical Services Task Force Support Group Neptune, NJ | $1,607,746 | $6,008,506 |
Northwest Emergency Medical Services Inc Elizabethtown, PA | $7,341,931 | $4,423,978 |
The Cantor Fitzgerald Relief Fund New York, NY | $15,461,041 | $7,931,714 |
Order Of Malta Worldwide Relief Malteser International Americas New York, NY | $6,306,407 | $9,070,949 |
Foot Locker Foundation Inc New York, NY | $2,631,002 | $5,090,961 |
Hatzolah Emergency Medical Services Inc Lakewood, NJ | $8,708,564 | $5,878,916 |
Haiti Air Ambulance Service Inc Melville, NY | $5,771,221 | $4,102,528 |
Hatzalah Of The Rockaways & Nassau County Inc Far Rockaway, NY | $8,706,144 | $4,943,822 |
Tuesdays Children Manhasset, NY | $2,126,606 | $3,255,466 |
Childrens Aid Society Of Mercer County Mercer, PA | $1,039,826 | $2,286,304 |