R Merle Palmer Minority Scholarship Foundation

Organization Overview

R Merle Palmer Minority Scholarship Foundation, operating under the name Palmer Scholars, is located in Tacoma, WA. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Palmer Scholars employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palmer Scholars 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 06/2022, Palmer Scholars generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 19.9% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORTING UNDERREPRESENTED PIERCE COUNTY STUDENTS OF COLOR TO OVERCOME FINANCIAL, CULTURAL, AND SOCIAL BARRIERS IN THEIR PURSUIT OF HIGHER EDUCATION. OUR VISION IS FOR OUR STUDENTS TO SUCCEED IN GRADUATING FROM COLLEGE WITH THE ESSENTIAL TOOLS TO BE CATALYSTS FOR CHANGE, LEADERS IN OUR COMMUNITY, AND BECOME PERSONALLY EMPOWERED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDED SCHOLARSHIPS AND MENTORING SERVICES TO 189 STUDENTS DURING THE YEAR ENDED JUNE 30, 2022.


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)Compensation
Jonathan Jackson
Executive Director
$113,589
Amalia Perez
President
$0
Zach Parsons
Treasurer
$0
Marissa Rathbone
Immediate Past President
$0
Kacee Woods
Secretary
$0
Alex Davis
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$214,237
Related organizations$0
Government grants $534,259
All other contributions, gifts, grants, and similar amounts not included above$676,956
Noncash contributions included in lines 1a–1f $11,550
Total Revenue from Contributions, Gifts, Grants & Similar$1,425,452
Total Program Service Revenue$0
Investment income $31,575
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$13,033
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,443,994

Grants Recieved

Over the last fiscal year, we have identified 7 grants that R Merle Palmer Minority Scholarship Foundation has recieved totaling $303,950.

Awarding OrganizationAmount
Washington Womens Foundation

Seattle, WA

PURPOSE: EDUCATION

$100,000
Greater Tacoma Community Foundation

Tacoma, WA

PURPOSE: OPERATING SUPPORT, PROGRAM SUPPORT

$96,450
Schools Out Washington

Seattle, WA

PURPOSE: Washington Youth Development Nonprofit Relief Fund

$40,000
The Seattle Foundation

Seattle, WA

PURPOSE: TO PROVIDE GENERAL SUPPORT

$25,000
Foundation For Tacoma Students

Tacoma, WA

PURPOSE: 2021 TEACHER IMPACT AWARD PROGRAMS:TIA

$15,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$14,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$794,020
Earnings-$73,193
Admin Expense$6,751
Grants$29,300
Ending Balance$684,774

Create an account to unlock the data you need.

or