Palmer Memorial foundation's mission is to fund the healthcare needs of our community that advance health and well-being in our service area through participation and organization of such activities designated to promote health initiatives. This mission will be done with the following values in the forefront: compassion, support, generosity, growth, integrity.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $87K a year · 59% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
140 mo
of spending, in cash
Looks good: 140.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $81
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$16K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 14 voting members
Looks good: 11 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$108K
Spent
$45K
To programs
86%
Net assets
$508K
By yearFY2020–FY2024
Revenue
$108K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$108K
FY2021$230K
FY2022$103K
FY2024$154K
FY2024$257K
Expenses
$45K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$45K
FY2021$60K
FY2022$66K
FY2024$76K
FY2024$70K
Net assets
$508K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$508K
FY2021$677K
FY2022$714K
FY2024$1.2M
FY2024$1.4M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1976.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $39K Management & general 14% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation
Administrator
$0Pt VII · Sec A
Finance Administrator
$0Pt VII · Sec A
Development Coordinator
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Foundation Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Palmer Memorial Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports Gundersen Palmer Lutheran Hospital and Clinics.

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Provided by the organization

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1 program · $39K · in their own filed words · FY2020
01

Palmer memorial foundation was established in 1975 as a non-profit organization whose sole objective and purpose is to fund the healthcare needs of northeast iowa. Over the years, gifts large and small have assisted the foundation inproviding new technology, education, services and programs to the community and palmer lutheran health…

$39Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$81
Grants paid · 7 grants · $147K · 2020–2024

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$108K
Ln 12
Gifts and grantsLn 1h$106K
Investment incomeLn 3$2K
Money outPt IX
$45K
Ln 25
Programscol B$39K
Managementcol C$6K
Owns and owesPt X
$508K
net assets · Ln 32
Cash and savingsLn 1–2$524K
Total assetsLn 16$524K
LiabilitiesLn 26$16K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$106K
Investment incomeLn 3$2K
Gains on assetsLn 7$0
Total revenueLn 12$108K
Assets in detailPt X, end of year
CashLn 1$524K
SavingsLn 2$0
Cash and savings togetherLn 1–2$524K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$524K
LiabilitiesLn 26$16K
Net assetsLn 32$508K
OperationsPt I, VI
EmployeesI 50
VolunteersI 624
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$471K$524K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$471K$524K
LiabilitiesLn 26$25K$16K
Net assetsLn 32$445K$508K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$29K$29K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$1K$1K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$5K$5K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$9K$9K
Total functional expensesLn 25$45K$39K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $154K$76K$79K$1.2M 990 PDF
FY2023 Not on file
FY2022 $103K$66K$37K$714K 990 PDF
FY2021 $230K$60K$169K$677K 990 PDF
FY2020 Viewing $108K$45K$63K$508K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $107,691 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $115,227$105,974
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $2,673$1,717
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $117,900$107,691
I-13 Grants and similar amounts paidPrior year $39,306$29,119
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $11,475$15,799
I-18 Total expensesPrior year $50,781$44,918
I-19 Revenue less expensesPrior year $67,119$62,773
Part VI · Governance 11 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members11
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $107,691 across 8 lines filed
VIII-1f All other contributions, gifts and grants$105,974
VIII-1h Total contributions, gifts and grants$105,974
VIII-3 Investment incomeExcluded from tax $1,717$1,717
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $1,717$107,691
Part IX · Statement of functional expenses $44,918 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $29,119$29,119
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $1,000$1,000
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $5,308$5,308
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $9,491$9,491
IX-25 Total functional expensesPrograms $38,610 · Management $6,308 · Fundraising $0$44,918
Part X · Balance sheet $523,907 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $470,547$523,907
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $470,547$523,907
X-17 Accounts payable and accrued expensesStart of year $25,337$15,924
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $25,337$15,924
X-27 Net assets without donor restrictionsStart of year $445,210$507,983
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $445,210$507,983
X-33 Total liabilities and net assetsStart of year $470,547$523,907
Part XI · Reconciliation of net assets $507,983 net assets at year end
XI-1 Total revenue$107,691
XI-2 Total expenses$44,918
XI-3 Revenue less expenses$62,773
XI-4 Net assets at start of year$445,210
XI-10 Net assets at end of year$507,983

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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