Joe & Jean Palmer Endowment Fund
- Assets
- $243.1k
- Revenue
- $13.7k
- Investments
- $240.3k
- Employees
- 0
- Location
- Duncan, OK
- Founding
- 10/2001
- Data as of
- 02/2023
- EIN
- 73-1593688
Organization Overview
Joe & Jean Palmer Endowment Fund is located in Duncan, OK. The organization was established in 2001. 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. Joe & Jean Palmer Endowment Fund 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 02/2023, Joe & Jean Palmer Endowment Fund generated $13.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.6%) each year. All expenses for the organization totaled $15.8k during the year ending 02/2023. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Joe & Jean Palmer Endowment Fund has awarded 58 individual grants totaling $190,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Holmes President | 0.1 | $0 | |
Brian Churchman Secretary/treasurer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,801 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,872 |
| Capital Gain Net Income | $1,872 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,673 |
| 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 | $1,000 |
| Total operating and administrative expenses | $2,766 |
| Contributions, gifts, grants paid | $13,000 |
| Total expenses and disbursements | $15,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,727 |
| 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 | $240,333 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $243,060 |
| 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, Joe & Jean Palmer Endowment Fund has awarded $60,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXANDRA MANOLOPOULOS PURPOSE: SCHOLARSHIP | $2,000 |
CAROLINE CHERRY PURPOSE: SCHOLARSHIP | $2,000 |
JERICA GERMAN PURPOSE: SCHOLARSHIP | $2,000 |
LAURA MALEHORN PURPOSE: SCHOLARSHIP | $2,000 |
JORDAN FUCHS PURPOSE: SCHOLARSHIP | $2,000 |
MITCHELL HANSON PURPOSE: SCHOLARSHIP | $1,000 |