Palm Healthcare Foundation Inc
- Assets
- $85.9m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 13
- Location
- West Palm Beach, FL
- Founding
- 09/1984
- Data as of
- 06/2023
- EIN
- 59-2391119
Organization Overview
Palm Healthcare Foundation Inc is located in West Palm Beach, FL. The organization was established in 1984. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2023, Palm Healthcare Foundation Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palm Healthcare 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 06/2023, Palm Healthcare Foundation Inc generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $5.1m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Palm Healthcare Foundation Inc has awarded 249 individual grants totaling $19,027,853. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION INSPIRES AND FUNDS SOLUTIONS FOR BETTER HEALTH THROUGH COMMUNITY COLLABORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH PALM HEALTH FOUNDATION'S FUNDRAISING, GRANTMAKING, AND INITIATIVES, WE ARE:BUILDING A CULTURE OF HEALTH: WE SUPPORT COMMUNITY HEALTH INITIATIVES THAT PROMOTE THE ADOPTION OF HEALTHY LIFESTYLES AND TACKLE THE SOCIAL, ECONOMIC, AND ENVIRONMENTAL FACTORS THAT IMPACT HEALTH IN OUR NEIGHBORHOODS.ADVANCING BRAIN HEALTH: WE INSPIRE UNIQUE PARTNERSHIPS AND INNOVATIVE NETWORKS BETWEEN BRAIN SCIENCE, COMMUNITY MEMBERS, AND CARE SETTINGS TO MAKE PALM BEACH COUNTY A NATIONAL LEADER IN PROMOTING BRAIN HEALTH.STRENGTHENING THE HEALTH PROFESSIONS: WE SUPPORT EDUCATIONAL PROGRAMS SUCH AS SCHOLARSHIPS AND TRAININGS THAT IMPROVE THE QUALITY OF CARE IN CLINICAL AND COMMUNITY-BASED SETTINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Alina Alonso Trustee | OfficerTrustee | 2 | $0 |
Denise Bober Immediate Past Chair | OfficerTrustee | 2 | $0 |
Greg Quattlebaum Trustee | OfficerTrustee | 2 | $0 |
Dave Wisehaupt Chair | OfficerTrustee | 1 | $0 |
Ruth Schwarkopf Trustee | Trustee | 1 | $0 |
Nat Nason Treasurer | Trustee | 1 | $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 | $1,085,009 |
| Noncash contributions included in lines 1a–1f | $44,668 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,085,009 |
| Total Program Service Revenue | $82,438 |
| Investment income | $1,947,901 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$299,275 |
| Net Gain/Loss on Asset Sales | -$822,465 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,993,608 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,040,688 |
| 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. | $474,405 |
| Compensation of current officers, directors, key employees. | $124,626 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $818,957 |
| Pension plan accruals and contributions | $43,074 |
| Other employee benefits | $112,520 |
| Payroll taxes | $84,281 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,195 |
| Fees for services: Accounting | $36,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $392,950 |
| Fees for services: Other | $272,591 |
| Advertising and promotion | $285,967 |
| Office expenses | $30,168 |
| Information technology | $90,454 |
| Royalties | $0 |
| Occupancy | $152,244 |
| Travel | $11,678 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $182,423 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,940 |
| Insurance | $26,960 |
| All other expenses | $1,208 |
| Total functional expenses | $5,097,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $867,609 |
| 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 | $29,224 |
| Net Land, buildings, and equipment | $4,929,958 |
| Investments—publicly traded securities | $77,159,294 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,871,672 |
| Total assets | $85,858,257 |
| Accounts payable and accrued expenses | $173,608 |
| Grants payable | $400,000 |
| 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 | $77,270 |
| Total liabilities | $650,878 |
| Net assets without donor restrictions | $62,105,707 |
| Net assets with donor restrictions | $23,101,672 |
| 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 | $85,858,257 |
Grants Awarded
Over the last fiscal year, Palm Healthcare Foundation Inc has awarded $2,040,688 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
ALPERT JEWISH FAMILY & CHILDREN SERVICES PURPOSE: Mental Health First Aid | $81,318 |
AMERICAN HEART ASSOCIATION PURPOSE: Culture of Health Network - Healthier Jupiter's Impact and Legacy | $50,000 |
BELLA'S ANGELS PURPOSE: General Operational Support | $10,000 |
CATHOLIC CHARITIES DIOCESE OF PALM BEACH PURPOSE: Interfaith Health & Wellness program | $15,000 |
BIG DOG RANCH RESCUE INC PURPOSE: Capitol support and Naming opportunity | $25,000 |
COMMUNITY PARTNERS OF SOUTH FLORIDA PURPOSE: Fiscal agent for Healthier Lake worth beach | $252,000 |