Palmer Family Foundation Inc
- Assets
- $513.1k
- Revenue
- $18.7k
- Investments
- $499.4k
- Employees
- 0
- Location
- Grafton, WI
- Founding
- 04/2004
- Data as of
- 12/2023
- EIN
- 76-0476424
Organization Overview
Palmer Family Foundation Inc is located in Grafton, WI. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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 Family 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 12/2023, Palmer Family Foundation Inc generated $18.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $42.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Palmer Family Foundation Inc has awarded 248 individual grants totaling $540,500. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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 |
|---|---|---|---|
Jean Galvin President | 0 | $0 | |
James Palmer Treasurer | 0 | $0 | |
Michael Galvin VP | 0 | $0 | |
Jennifer Clement Secretary | 0 | $0 | |
Matthew Clark Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,115 |
| Dividends & Interest | $11,691 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,859 |
| Capital Gain Net Income | $1,859 |
| Net ST Capital Gain | $2,106 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,665 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $244 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,205 |
| Total operating and administrative expenses | $6,088 |
| Contributions, gifts, grants paid | $36,000 |
| Total expenses and disbursements | $42,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,770 |
| 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 | $513,134 |
| 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 Family Foundation Inc has awarded $36,000 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
SAMARITANS PURSE PURPOSE: GENERAL SUPPORT | $0 |
WORLD VISION PURPOSE: COVID HUNGER CRISIS | $0 |
THE HEALING CHAIR PURPOSE: FUNDS TO KANSAS CITY DIVISION | $0 |
MILWAUKEE RESCUE MISSION PURPOSE: SAFE HARBOR/JOY HOUSE | $2,000 |
SALVATION ARMY MILWAUKEE CTY PURPOSE: SHELTER/FOOD PANTRIES | $1,000 |
PROJECT LEMONADE PURPOSE: GENERAL SUPPORT | $0 |