James G & Purcell Scheu Palmer Foundation
- Assets
- $332.6k
- Revenue
- $3.6k
- Investments
- $322.0k
- Employees
- 0
- Location
- Catskill, NY
- Founding
- 03/1997
- Data as of
- 12/2022
- EIN
- 36-4112851
Organization Overview
James G & Purcell Scheu Palmer Foundation is located in Catskill, NY. The organization was established in 1997. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. James G & Purcell Scheu Palmer 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, James G & Purcell Scheu Palmer Foundation generated $3.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (33.3%) each year. All expenses for the organization totaled $8.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (33.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, James G & Purcell Scheu Palmer Foundation has awarded 71 individual grants totaling $427,489. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,471 |
| Interest on Savings | $5 |
| Dividends & Interest | $7,535 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,398 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,613 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $979 |
| Total operating and administrative expenses | $3,244 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $8,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,654 |
| 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 | $321,974 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $332,628 |
| 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, James G & Purcell Scheu Palmer Foundation has awarded $13,750 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
THOMAS COLE HISTORIC SITE PURPOSE: TO ASSIST WITH CHARITABLE PURPOSE OF RECIPIENT | $1,000 |
CLOSE ENCOUNTERS WITH MUSIC PURPOSE: TO ASSIST WITH CHARITABLE PURPOSE OF RECIPIENT | $2,000 |
CREATE PURPOSE: TO ASSIST WITH CHARITABLE PURPOSE OF RECIPIENT | $250 |
WMHT PURPOSE: TO ASSIST WITH CHARITABLE PURPOSE OF RECIPIENT | $2,500 |
HOSPICE PURPOSE: TO ASSIST WITH CHARITABLE PURPOSE OF RECIPIENT | $1,000 |
VASSAR FUND PURPOSE: TO ASSIST WITH CHARITABLE PURPOSE OF RECIPIENT | $1,000 |