John N Palmer Foundation Inc
- Assets
- $55.1k
- Revenue
- $51.3k
- Investments
- $26.0k
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 08/1988
- Data as of
- 12/2022
- EIN
- 64-0750317
Organization Overview
John N Palmer Foundation Inc is located in Jackson, MS. The organization was established in 1988. 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. John N Palmer Foundation 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, John N Palmer Foundation Inc generated $51.3k 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 (10.7%) each year. All expenses for the organization totaled $112.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, John N Palmer Foundation Inc has awarded 93 individual grants totaling $3,000,340. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia P Mcclure Chairman | 10 | $0 | |
James B Palmer Director | 1 | $0 | |
Susan P Amaro Director | 10 | $0 | |
H Michael Kerce Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $51,290 |
| Interest on Savings | $0 |
| Dividends & Interest | $10 |
| Net Rental Income | $0 |
| 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 | $0 |
| Total Revenue | $51,300 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $25,246 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $343 |
| Total operating and administrative expenses | $74,589 |
| Contributions, gifts, grants paid | $38,000 |
| Total expenses and disbursements | $112,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,471 |
| 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 | $3,600 |
| Total assets | $55,116 |
| 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, John N Palmer Foundation Inc has awarded $38,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
JACKSON HEART FOUNDATION PURPOSE: UNRESTRICTED CASH GIFT | $5,000 |
MISSISSIPI TODAY PURPOSE: UNRESTRICTED CASH GIFT | $2,500 |
UNIVERSITY OF MISSISSIPPI FOUNDATIO PURPOSE: THAD COCHRAN LAW SCHOOL ENDOWMENT | $5,000 |
USA INTL BALLET COMPETITION PURPOSE: UNRESTRICTED CASH GIFT | $15,000 |
CATHOLIC CHARITIES INC PURPOSE: UNRESTRICTED CASH GIFT | $500 |
STEWPOT COMMUNITY SERVICES PURPOSE: UNRESTRICTED CASH GIFT | $10,000 |