Michael Palm Foundation is located in New York, NY. The organization was established in 1995. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael Palm 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 12/2021, Michael Palm Foundation generated $124.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $67.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Michael Palm Foundation has awarded 15 individual grants totaling $145,200. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jennifer A Jamula Director/secretary | 2 | $0 | |
Brad M Jamula Director/treasurer | 2 | $0 | |
M Melissa Jamula Pres/chairperson | 2 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $49,676 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $74,788 |
Capital Gain Net Income | $74,788 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $124,464 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $1,111 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $766 |
Total operating and administrative expenses | $18,277 |
Contributions, gifts, grants paid | $49,200 |
Total expenses and disbursements | $67,477 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $17,642 |
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 | $1,267,634 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $1,285,276 |
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 |
Over the last fiscal year, Michael Palm Foundation has awarded $49,200 in support to 6 organizations.
Grant Recipient | Amount |
---|---|
GENESIUS THEATRE PURPOSE: CHARITABLE | $15,000 |
Reading, PA PURPOSE: CHARITABLE | $11,700 |
MICHAEL PALM THEATRE PURPOSE: CHARITABLE | $10,000 |
GIRLS ON THE RUN PURPOSE: CHARITABLE | $5,000 |
HAYMAKERS FOR HOPE PURPOSE: CHARITABLE | $5,000 |
GOOGLE WORKS CENTER FOR THE ARTS PURPOSE: CHARITABLE | $2,500 |
Organization Name | Assets | Revenue |
---|---|---|
Friends Of Mayanot Institute Inc New York, NY | $1,023,168 | $4,053,714 |
Four-Four Foundation Inc New York, NY | $21,732,131 | $6,162,056 |
Jkw Foundation Tr Ua 092597 New York, NY | $38,873,662 | $1,124,358 |
New England Region Volleyball Association Inc North Andover, MA | $1,524,058 | $3,442,158 |
Bristol County Savings Charitable Foundation Inc Taunton, MA | $0 | $5,133,523 |
Olean General Hospital Foundation Olean, NY | $48,066,140 | $6,076,941 |
Agudath Israel Of America Foundation New York, NY | $3,877,624 | $1,631,561 |
Cranaleith Spiritual Center Philadelphia, PA | $5,535,511 | $615,387 |
Adam R Rose Foundation New York, NY | $2,822,495 | $728,738 |
Westmoreland Human Services Inc Greensburg, PA | $2,474,468 | $644,876 |
Martha Lloyd Services Inc Troy, PA | $1,951,761 | $271,501 |
Harold D Wetterberg Foundation Morristown, NJ | $2,164,308 | $366,268 |