Palko Family Foundation
- Assets
- $512.7k
- Revenue
- $71.0k
- Investments
- $471.7k
- Employees
- 0
- Location
- Medina, OH
- Founding
- 09/2015
- Data as of
- 12/2023
- EIN
- 47-2285129
Organization Overview
Palko Family Foundation is located in Medina, OH. The organization was established in 2015. 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. Palko Family 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, Palko Family Foundation generated $71.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $37.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Palko Family Foundation has awarded 229 individual grants totaling $165,817. 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 |
|---|---|---|---|
George J Palko President | 1 | $0 | |
Linda E Palko Vice-President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $49,850 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,165 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,019 |
| Capital Gain Net Income | $3,019 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $71,034 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,199 |
| Total operating and administrative expenses | $11,019 |
| Contributions, gifts, grants paid | $26,400 |
| Total expenses and disbursements | $37,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,997 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $512,663 |
| 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, Palko Family Foundation has awarded $26,400 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVEMENT CENTERS FOR CHILDREN PURPOSE: GENERAL UNRESTICTED DONATION | $250 |
AMERICAN BRAIN TUMOR ASSOCIATION PURPOSE: GENERAL UNRESTICTED DONATION | $100 |
CATHOLIC CHARITIES PURPOSE: GENERAL UNRESTRICTED DONATION | $300 |
CORNERSTONE OF HOPE PURPOSE: GENERAL UNRESTICTED DONATION | $500 |
CLEVELAND STATE UNIVERSITY PURPOSE: GENERAL UNRESTRICTED DONATION | $10,000 |
EHRBAR ANGELS FOUNDATION PURPOSE: GENERAL UNRESTICTED DONATION | $150 |