Palmer Bright Foundation
- Assets
- $165.8k
- Revenue
- $141.3k
- Investments
- $149.6k
- Employees
- 0
- Location
- Robesonia, PA
- Founding
- Data as of
- 12/2022
- EIN
- 85-4386450
Organization Overview
Palmer Bright Foundation is located in Robesonia, PA. 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 Bright 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 Bright Foundation generated $141.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (13.6%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A - INITIAL YEAR
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John F Palmer President | 0 | $0 | |
Steven Bright Secty/treasr | 0 | $0 | |
Leann Palmer Director | 0 | $0 | |
Amy Bright Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $61,505 |
| Interest on Savings | $30 |
| Dividends & Interest | $2,771 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $77,036 |
| Capital Gain Net Income | $26 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $141,342 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $195 |
| Total operating and administrative expenses | $3,132 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $13,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,201 |
| 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 | $165,783 |
| Accounts payable and accrued expenses | $750 |
| Grants payable | $5,000 |
| Deferred revenue | $84 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,834 |