Palmer Philanthropies Foundation
- Assets
- $726.0
- Revenue
- $18.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- 05/2006
- Data as of
- 12/2022
- EIN
- 65-1246017
Organization Overview
Palmer Philanthropies Foundation is located in Santa Monica, CA. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palmer Philanthropies Foundation 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, Palmer Philanthropies Foundation generated $18.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.0%) each year. All expenses for the organization totaled $18.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (17.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES FUNDING TO AN IRC 501(C)(3) NONPROFIT ORGANIZATION RELATED TO ITS CAMPUS EXPANSION. THE NONPROFIT ASSISTS AND SUPPORTS INCARCERATED AND FORMER GANG MEMBERS OBTAIN GAINFUL EMPLOYMENT, JOB TRAINING AND OTHER RELATED ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Bren Palmer President | 1 | $0 | |
Dan S Palmer Jr Sec./ Treas. | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $18,900 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,900 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $175 |
| Total operating and administrative expenses | $770 |
| Contributions, gifts, grants paid | $17,650 |
| Total expenses and disbursements | $18,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $726 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $726 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Palmer Philanthropies Foundation has awarded $104,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
KEVIN CORDASCO FOUNDATION PURPOSE: CHARITABLE | $3,500 |
GEORGETOWN UNIVERSITY PURPOSE: EDUCATION | $11,000 |
HOMEBOY INDUSTRIES PURPOSE: CHARITABLE | $60,000 |
MARLBOROUGH SCHOOL PURPOSE: EDUCATION | $25,000 |
THE PARISH OF ST MATTHEWS PURPOSE: CHARITABLE | $4,500 |