The@palm Tree Foundation
- Assets
- $4.0m
- Revenue
- $201.4k
- Investments
- $4.0m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 05/2002
- Data as of
- 12/2023
- EIN
- 94-3387977
Organization Overview
The@palm Tree Foundation is located in San Francisco, CA. The organization was established in 2002. 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. The@palm Tree 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 12/2023, The@palm Tree Foundation generated $201.4k 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 (3.7%) each year. All expenses for the organization totaled $293.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, The@palm Tree Foundation has awarded 64 individual grants totaling $2,179,493. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lev J Leytes President | 4 | $0 | |
Galina I Leytes Cfo/sec | 16 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,084 |
| Dividends & Interest | $118,936 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $80,333 |
| Capital Gain Net Income | $80,333 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $201,353 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,156 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $175 |
| Total operating and administrative expenses | $20,460 |
| Contributions, gifts, grants paid | $273,076 |
| Total expenses and disbursements | $293,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,551 |
| 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 | $4,039,011 |
| 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, The@palm Tree Foundation has awarded $273,076 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
PERSIMMON FOUNDATION JEWISH COMMUNITY FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $225,000 |
SUMMIT PREP BOYS SOCCER PURPOSE: GENERAL OPERATING SUPPORT | $520 |
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: GENERAL OPERATING SUPPORT | $24,000 |
SILICON VALLEY INTERNATIONAL SCHOOL PURPOSE: GENERAL OPERATING SUPPORT | $3,715 |
THE SECOND OPINION PURPOSE: GENERAL OPERATING SUPPORT | $3,708 |
UC FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |