John N Palmer Foundation Inc
- Assets
- $116.4k
- Revenue
- $209.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 08/1988
- Data as of
- 12/2021
- 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 12/2021, John N Palmer Foundation Inc generated $209.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $118.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, John N Palmer Foundation Inc has awarded 92 individual grants totaling $3,057,340. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia P Mcclure Chairman | 10 | $24,000 | |
James B Palmer Director | 1 | $0 | |
Susan P Amaro Director | 1 | $0 | |
H Michael Kerce Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $178,560 |
| Interest on Savings | $0 |
| Dividends & Interest | $1 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,271 |
| Capital Gain Net Income | $31,271 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $75 |
| Total Revenue | $209,907 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $10,560 |
| Interest | $36 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $396 |
| Total operating and administrative expenses | $35,992 |
| Contributions, gifts, grants paid | $82,500 |
| Total expenses and disbursements | $118,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,805 |
| 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 | $116,405 |
| 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 $82,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
MISSISSIPPI MUSEUMS CAMPAIGN PURPOSE: MUSEUM EXHIBITS AND ENDOWMENT | $25,000 |
Jackson, MS PURPOSE: UNRESTRICTED CASH GIFT | $20,000 |
Oxford, MS PURPOSE: THAD COCHRAN LAW SCHOOL ENDOWMENT | $10,000 |
Los Angeles, CA PURPOSE: UNRESTRICTED CASH GIFT TO MISSISSIPPI CHAPTER | $10,000 |
JACKSON HEART FOUNDATION PURPOSE: UNRESTRICTED CASH GIFT | $5,000 |
THE MIND CENTER AT UMMC PURPOSE: UNRESTRICTED CASH GIFT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Maclellan Foundation Inc Chattanooga, TN | $225,301,353 | $34,552,415 |
Town Branch Foundation Bentonville, AR | $511,930,269 | $39,195,874 |
The Frist Foundation Nashville, TN | $198,128,014 | $36,312,656 |
Zoma Foundation Bentonville, AR | $228,655,575 | $19,208,599 |
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
The William B Wiener Jr Foundation Shreveport, LA | $23,196,478 | $3,677,470 |
Bashinsky Foundation Inc Birmingham, AL | $2,626,965 | $3,568,518 |