Kip And Amy Palmer Family Foundation Inc
- Assets
- $1.7m
- Revenue
- $46.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Dover, DE
- Founding
- 12/2019
- Data as of
- 12/2022
- EIN
- 83-4700373
Organization Overview
Kip And Amy Palmer Family Foundation Inc is located in Dover, DE. The organization was established in 2019. 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. Kip And Amy 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 12/2022, Kip And Amy Palmer Family Foundation Inc generated $46.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 43.1% each year .
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwight M Palmer President, Treasurer, Director | 0.5 | $0 | |
Amy E Palmer Vice President, Secretary, Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $40,730 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,357 |
| Capital Gain Net Income | $5,357 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $46,087 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $626 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $275 |
| Total operating and administrative expenses | $19,389 |
| Contributions, gifts, grants paid | $26,250 |
| Total expenses and disbursements | $45,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,330 |
| 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 | $1,648,261 |
| Total assets | $1,747,591 |
| 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, Kip And Amy Palmer Family Foundation Inc has awarded $26,250 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CHRISTINE G WATT SCHOLARSHIP FUND PURPOSE: UNRESTRICTED | $5,000 |
INDIANA UNIVERSITY FOUNDATION PURPOSE: NEURODYNAMICS OF MEMORY | $5,000 |
MAYO CLINIC PURPOSE: GREATEST NEEDS AT MAYO CLINIC | $3,000 |
RONALD MCDONALD HOUSE PURPOSE: UNRESTRICTED | $5,000 |
ST JUDE CHILDREN'S RESEARCH HOSPITAL PURPOSE: UNRESTRICTED | $5,000 |
WILLOW DOMESTIC VIOLENCE CENTER PURPOSE: UNRESTRICTED | $3,250 |