Palmer Williams Group Inc
- Assets
- $719.1k
- Revenue
- $228.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Prichard, AL
- Founding
- 03/2014
- Data as of
- 12/2022
- EIN
- 45-5438173
Organization Overview
Palmer Williams Group Inc is located in Prichard, AL. The organization was established in 2014. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palmer Williams Group Inc 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, Palmer Williams Group Inc generated $228.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $176.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GROUP PROVIDES A FREE 8 WEEK SPRING FOOTBALL AND CHEER CLINIC FOR BOYS AND GIRLS AGED 4-13. THERE WERE OVER 150 BOYS AND GIRLS THAT PARTICIPATED. THEY HOST A YEAR END BANQUET FOR THE YOUTH SPORTS PROGRAM.THE GROUP ALSO PROVIDES AN ANNUAL YOUTH CAMP TO BOYS AND GIRLS AGES 4-13.
THE GROUP OFFERED A FREE SPRING BREAK CHEER CLINIC TO GIRLS AGES 4-13. THE GROUP ALSO PROVIDED FREE LIFE SKILLS WORKSHOPS TO KIDS AGES 6-14. THE WORKSHOPS HAD SPEAKERS THAT DISCUSSED FINANCIAL LITERACY AS WELL AS HEALTH AND NUTRITION. DINNER FOR ATTENDANTS WAS PROVIDED AT NO CHARGE.
IMPLEMENTED THE ENTREPRENEURIAL YOUTH OF AMERICA CLUB @ VIGOR HIGH SCHOOL. HOSTED 1ST ANNUAL BOSSIN' UP TEEN PITCH COMPETITION IN MOBILE AND AWARDED 4,000 IN PRIZES.
SPONSORED DAPHNE HS TRACK TEAM AND MOBILE CHRISTIAN VOLLEYBALL TEAM. DONATED 30 PAIRS OF BASEBALL CLEATS TO WILLIAMSON HIGH SCHOOL BASEBALL TEAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherman Williams President | 0 | $0 | |
David Palmer Vice Preside | 0 | $0 | |
Chinita Williams Secretary | 0 | $0 | |
Tammy Palmer Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,098 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $21,363 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $105,356 |
| Total Revenue | $228,854 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $7,730 |
| Taxes | $3,027 |
| Depreciation | $7,373 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $13,094 |
| Printing and publications | $0 |
| Other expenses | $145,076 |
| Total operating and administrative expenses | $176,300 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $176,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $443,707 |
| 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 | $0 |
| Net Land, buildings, and equipment | $275,366 |
| Other assets | $0 |
| Total assets | $719,073 |
| Accounts payable and accrued expenses | $13,031 |
| 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 | $206,667 |
| Total liabilities | $219,698 |