Paloheimo Foundation
- Assets
- $12.7m
- Revenue
- $1.2m
- Investments
- $7.1m
- Employees
- 0
- Location
- South Pasadena, CA
- Founding
- 02/2002
- Data as of
- 12/2022
- EIN
- 94-6752361
Organization Overview
Paloheimo Foundation is located in South Pasadena, CA. The organization was established in 2002. 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. Paloheimo 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, Paloheimo Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Paloheimo Foundation has awarded 27 individual grants totaling $4,769,222. 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 |
|---|---|---|---|
Paul Halme Board Member | 18 | $15,500 | |
George Paloheimo Board Member | 2 | $3,000 | |
Morgan Halme Board Member | 2 | $3,000 | |
George Paloheimo Jr Board Member | 2 | $3,000 | |
Martti Paloheimo Board Member | 2 | $3,000 | |
Melissa Halme Redell Board Member | 2 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $193,153 |
| Net Rental Income | $650,456 |
| Net Gain on Sale of Assets | $243,535 |
| Capital Gain Net Income | $243,535 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $98,510 |
| Total Revenue | $1,185,654 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $321,926 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,103 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $27,430 |
| Printing and publications | $0 |
| Other expenses | $37,483 |
| Total operating and administrative expenses | $418,767 |
| Contributions, gifts, grants paid | $1,492,791 |
| Total expenses and disbursements | $1,911,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,152,591 |
| 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 | $4,420,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,125,629 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,672,004 |
| 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 | $103,839 |
| Total liabilities | $103,839 |
Grants Awarded
Over the last fiscal year, Paloheimo Foundation has awarded $1,492,791 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ACEQUIA MADRE HOUSE PURPOSE: GENERAL OPERATING SUPPORT, CREATIVE DIALOGUE & COLLECTIONS | $400,000 |
AUTRY MUSEUM OF THE AMERICAN WEST PURPOSE: HUMAN NATURE: WATERWAYS | $50,000 |
FINLANDIA FOUNDATION NATIONAL PURPOSE: MATCHING GRANT, ADMINISTRATION, TECHNOLOGY, NEWSLETTER AND SPECIAL PROJECTS | $300,000 |
EL RANCHO DE LAS GOLONDRINAS PURPOSE: MEMBERSHIP MATCH, WASTEWATER TREATMENT | $227,230 |
FINLANDIA UNIVERSITY PURPOSE: PALOHEIMO FELLOWS PROGRAM 2022-2023 | $55,000 |
LEONORA JA YRJO PALOHEIMO SAATIO PURPOSE: GENERAL OPERATING SUPPORT | $114,979 |