Joe & Jean Palmer Endowment Fund
- Assets
- $266.7k
- Revenue
- $37.4k
- Investments
- $263.4k
- Employees
- 0
- Location
- Duncan, OK
- Founding
- 10/2001
- Data as of
- 02/2022
- 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 02/2022, Joe & Jean Palmer Endowment Fund generated $37.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $20.8k during the year ending 02/2022. While expenses have increased by 8.5% per year over the past 5 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.
Since 2020, Joe & Jean Palmer Endowment Fund has awarded 56 individual grants totaling $163,000. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
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 | $16,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,626 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,784 |
| Capital Gain Net Income | $18,784 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $37,410 |
| 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 | $1,107 |
| Total operating and administrative expenses | $2,777 |
| Contributions, gifts, grants paid | $18,000 |
| Total expenses and disbursements | $20,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,263 |
| 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 | $263,396 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $266,659 |
| 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 $39,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
MORGAN ROBERTS PURPOSE: SCHOLARSHIP | $6,000 |
ALEXANDRA MANOLOPOULOS PURPOSE: SCHOLARSHIP | $6,000 |
DRUE HOAGLAND PURPOSE: SCHOLARSHIP | $4,000 |
MITCHELL HANSON PURPOSE: SCHOLARSHIP | $4,000 |
JORDAN FUCHS PURPOSE: SCHOLARSHIP | $3,000 |
CAROLINE CHERRY PURPOSE: SCHOLARSHIP | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anheuser-Busch Foundation Clayton, MO | $1,201,059 | $8,412,886 |
Hoblitzelle Foundation Dallas, TX | $135,054,358 | $12,987,577 |
Schlessman Foundation Inc Denver, CO | $82,645,895 | $9,127,697 |
Hillcrest Foundation Dallas, TX | $133,849,487 | $13,362,957 |
Robert M Beren Foundation Inc Wichita, KS | $0 | $13,792,730 |
Huffington Foundation Houston, TX | $143,567,137 | $11,559,123 |
Marilyn And Sonny Oates Foundation Dallas, TX | $9,716,063 | $15,482,909 |
Frank E & Seba B Payne Foundation 31-55459-5 Dallas, TX | $0 | $7,949,536 |
Ewing Halsell Foundation San Antonio, TX | $128,225,154 | $18,962,628 |
Steward Family Foundation St Louis, MO | $23,736 | $8,567,873 |
Knobloch Family Foundation Houston, TX | $166,642,525 | $7,681,170 |
Hermann Family Foundation St Louis, MO | $60,142,710 | $16,411,582 |