Palmer Home For Children
- Assets
- $32.4m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 63
- Location
- Columbus, MS
- Founding
- 07/1946
- Data as of
- 06/2021
- EIN
- 64-0334999
Organization Overview
Palmer Home For Children is located in Columbus, MS. The organization was established in 1946. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2022, Palmer Home For Children employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palmer Home For Children 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 06/2021, Palmer Home For Children generated $7.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $5.7m during the year ending 06/2021. 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
SUPPORT OF UNDERPRIVILEGED CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ENTITY'S PRINCIPAL PROGRAMS INCLUDE RESIDENTIAL CARE, FOSTER HOME CARE, COUNSELING INDIVIDUALS AND FAMILIES, AND ADOPTION OF CHILDREN IN SELECTED INDIVIDUAL CASES. IT CONDUCTS A PROGRAM OF PUBLIC INFORMATION AND AWARENESS, ENCOURAGING CHRISTIAN FAMILY VALUES AND PRESENTING OTHER ISSUES OF IMPORTANCE TO THE GENERAL PUBLIC AT LARGE. THE HOME OVERSEES A MINISTRY OF CHRISTIAN CAREGIVERS WHO PROVIDE TEMPORARY, SOMETIMES LONG-TERM, CARE FOR CHILDREN OF MOTHERS WHO ARE INCARCERATED OR UNABLE TO CARE FOR THEIR CHILDREN; THIS MINISTRY IS REFERRED TO AS JONAH'S JOURNEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Drake Bassett President And CEO | Officer | 40 | $186,977 |
Sara Hollis SVP Engagement | Officer | 40 | $113,420 |
Anna Warren VP Childrens Services | Officer | 40 | $101,254 |
Jessica Corley VP Development | Officer | 40 | $95,751 |
Alan Walters Treasurer | OfficerTrustee | 1 | $0 |
Karen Carlisle Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $339,837 |
| Related organizations | $0 |
| Government grants | $717,590 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,975,375 |
| Noncash contributions included in lines 1a–1f | $1,157,503 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,032,802 |
| Total Program Service Revenue | $0 |
| Investment income | $16,163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $58,716 |
| Net Income from Fundraising Events | -$106,810 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $572,816 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,699,048 |
| 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. | $523,681 |
| Compensation of current officers, directors, key employees. | $78,548 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,037,542 |
| Pension plan accruals and contributions | $93,650 |
| Other employee benefits | $490,227 |
| Payroll taxes | $188,095 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,534 |
| Fees for services: Accounting | $135,840 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $332 |
| Fees for services: Other | $128,744 |
| Advertising and promotion | $141,901 |
| Office expenses | $238,746 |
| Information technology | $112,239 |
| Royalties | $0 |
| Occupancy | $318,707 |
| Travel | $354,287 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $874 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $333,171 |
| Insurance | $141,103 |
| All other expenses | $424,949 |
| Total functional expenses | $5,713,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,981,217 |
| Savings and temporary cash investments | $113,905 |
| Pledges and grants receivable | $85,380 |
| 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 | $16,230 |
| Net Land, buildings, and equipment | $8,073,547 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $15,129,421 |
| Intangible assets | $0 |
| Other assets | $1,982,554 |
| Total assets | $32,382,254 |
| Accounts payable and accrued expenses | $465,189 |
| 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 | $539,300 |
| Other liabilities | $258,210 |
| Total liabilities | $1,262,699 |
| Net assets without donor restrictions | $16,868,034 |
| Net assets with donor restrictions | $14,251,521 |
| 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 | $32,382,254 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Palmer Home For Children has recieved totaling $41,250.
| Awarding Organization | Amount |
|---|---|
Way Ahead Tr Uad 10-13-2011 Westhoff, TX PURPOSE: SUPPORT ORPHANED CHILDREN | $40,000 |
The Steve And Melody Golding Foundation Vicksburg, MS PURPOSE: CHARITABLE DONATION | $1,250 |
Endowment Analysis
| Beg. Balance | $10,955,651 |
| Earnings | -$1,527,040 |
| Ending Balance | $9,428,611 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holy Angels Residential Facility Shreveport, LA | $10,678,047 | $18,384,727 |
Ability Plus Inc Huntsville, AL | $7,298,940 | $15,981,400 |
Holston United Methodist Home For Children Inc Greeneville, TN | $27,641,839 | $16,110,226 |
Mur-Ci Homes Inc Antioch, TN | $9,901,370 | $14,568,313 |
Big Oak Ranch Inc Gadsden, AL | $68,210,031 | $23,919,818 |
Evergreen Presbyterian Ministries Of Texas Inc Haughton, LA | $7,845,590 | $11,531,814 |
Progress Inc Nashville, TN | $6,116,091 | $11,389,774 |
Independent Living Services Inc Conway, AR | $17,341,970 | $13,877,516 |
The Baddour Center Inc Senatobia, MS | $27,615,572 | $10,888,728 |
Rainbow Omega Inc Eastaboga, AL | $11,930,247 | $8,832,059 |
Boone County Independent Living Inc Harrison, AR | $4,645,348 | $6,486,487 |
Baptist Homes Inc Canton, MS | $11,542,978 | $7,741,164 |