Bob And Leda Palmatter Foundation
- Assets
- $9.5m
- Revenue
- $3.2m
- Investments
- $9.4m
- Employees
- 0
- Location
- Spring Lake, MI
- Founding
- Data as of
- 12/2021
- EIN
- 81-4662111
Organization Overview
Bob And Leda Palmatter Foundation is located in Spring Lake, MI.
For the year ending 12/2021, Bob And Leda Palmatter Foundation generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 53.3% each year . All expenses for the organization totaled $295.4k during the year ending 12/2021. While expenses have increased by 34.5% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bob And Leda Palmatter Foundation has awarded 13 individual grants totaling $611,600. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAKES DIRECT CASH CONTRIBUTIONS TO VARIOUS RELIGIOUS, CHARITABLE, AND EDUCATIONAL ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leda Palmatter Trustee | 1 | $0 | |
Robert R Palmatter Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,947,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $280,949 |
| 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 | $3,228,449 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,144 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $670 |
| Total operating and administrative expenses | $3,372 |
| Contributions, gifts, grants paid | $292,000 |
| Total expenses and disbursements | $295,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,452 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $53,537 |
| 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 | $9,490,645 |
| 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, Bob And Leda Palmatter Foundation has awarded $292,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Grand Haven, MI PURPOSE: RELIGIOUS | $243,500 |
ADRA INTERNATIONAL PURPOSE: CHARITABLE/RELIGIOUS | $20,000 |
SEVENTH-DAY ADVENTIST CHURCH PURPOSE: RELIGIOUS | $18,000 |
Grand Haven, MI PURPOSE: RELIGIOUS | $8,500 |
MOSAIC COUNSELING PURPOSE: CHARITABLE | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Divine Savior Healthcare Inc Portage, WI | $146,404,206 | $99,548,163 |
Berks County School Districts Health Tr Reading, PA | $37,307,686 | $92,475,879 |
Jackson Park Hospital Foundation Chicago, IL | $132,629,667 | $107,987,360 |
St Margarets Health Spring Valley Spring Valley, IL | $107,727,640 | $91,881,221 |
Upmc Lititz Harrisburg, PA | $81,864,299 | $83,139,500 |
Procter & Gamble Benefit Plan Trust Cincinnati, OH | $69,184,153 | $97,679,425 |
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
Providence Health Alliance Inc St Louis, MO | $27,745,143 | $62,779,739 |
American Society For Testing And Materials West Conshohocken, PA | $507,262,217 | $135,712,233 |
University Pediatric Associates Inc Indianapolis, IN | $25,897,136 | $100,827,780 |
Philadelphia Post-Acute Partnersllc Philadelphia, PA | $76,499,158 | $101,068,675 |
Alexian Brothers Ambulatory Group St Louis, MO | $321,335,814 | $68,677,417 |