Promote learning, deliver health care, engage our communities and advance knowledge through research.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Run by 306 volunteers and 1,034 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $20.3M a year · 23% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.2M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
15 mo
of spending, in cash
Looks good: 14.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$58.6M
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 12 voting members
Looks good: 11 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$107.2M
+14% vs prior year
Spent
$77.2M
To programs
74%
Net assets
$284.9M
By yearFY2020–FY2025
Revenue
$107.2M
FY2025▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$73.1M
FY2021$79.4M
FY2022$91.5M
FY2023$90.4M
FY2024$93.6M
FY2025$107.2M
Expenses
$77.2M
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$64.5M
FY2021$62.6M
FY2022$65.5M
FY2023$70.2M
FY2024$73.5M
FY2025$77.2M
Net assets
$284.9M
FY2025▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$172.1M
FY2021$202.7M
FY2022$209.0M
FY2023$237.7M
FY2024$260.4M
FY2025$284.9M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1965.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $56.9M Management & general 26% · $19.9M Fundraising 1% · $392K

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

22 people listed on the 990; $3.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$1,207,266Pt VII · Sec A
Provost/Executive Vice President
$299,667Pt VII · Sec A
Vice Chancellor Finance/Treasurer
$240,409Pt VII · Sec A
Director of Clinic Radiology
$230,807Pt VII · Sec A
Dean of Research
$218,026Pt VII · Sec A
Vice Chancellor
$214,841Pt VII · Sec A
Vice Chancellor of Admissions
$214,360Pt VII · Sec A
Vice Chancellor
$209,118Pt VII · Sec A

Dennis Marchiori DC PHD’s $1.2M as President/CEO is at the 80th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Dennis Marchiori DC PHD$1,207,266—————
Dennis Marchiori DC—$556,175$536,695$512,857$520,107$499,110
Dan Weinert DC$299,667$276,760$262,723$256,398$214,861$240,504
Peter Martin DC—$178,471$260,440$259,613$257,009$252,160
Robert Percuoco DC$214,841$231,302$245,664$237,953$229,904$195,519
William Meeker DC———$167,867$241,839$234,201
Jennifer Randazzo$240,409$221,255$211,645$203,837$156,306$174,500
Ian McLean$230,807$202,768—$208,829$198,251$162,491

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Palmer College 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 15aYes

Programs and updates

Promote learning, deliver healthcare, engage communities, and advance knowledge through research.

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3 programs · $50.3M · in their own filed words · FY2024
01

Palmer college educates students with a doctor of chiropractic degree. Students are provided classroom and lab instruction to learn the science, art and philosophy of chiropractic. Enrollment for the spring 2025 term was 1,943 students.

$38.1Mprogram expense
02

Palmer college operates chiropractic clinics to extend the student education from the classroom to direct patient care. The doctor of chiropractic degree is a 10 trimester program of which the final 1/3 is spent in the clinic setting working with patients. Student tuition reported above is used to offset the cost of clinic operations.

$9.5Mprogram expense
03

Palmer center for chiropractic research is dedicated to impacting patient care and policy through research, analysis and intelligence. PCCR takes a comprehensive approach to research focusing on basic and clinical sciences in addition to health services work. Grant income received during the year was just over $1,100,000.

$2.7Mprogram 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 · FY2025
Total grants receivedfrom 1 funder$5K
Grants paid · 22 grants · $20.1M · 2019–2024
Unitemized GrantFY2024$2,671,848
Unitemized GrantFY2024$887,996
Unitemized GrantFY2023$2,547,593
Unitemized GrantFY2023$823,310
Cornbelt Running ClubIA · FY2023$6,500
Unitemized GrantFY2022$2,126,405
Unitemized GrantFY2022$802,561
Quad Cities Running Club INCIL · FY2022$20,000
Unitemized GrantFY2021$2,100,503
Unitemized GrantFY2021$798,888
Quad Cities Running Club INCIL · FY2021$10,000
Unitemized GrantFY2020$3,170,986
Unitemized GrantFY2020$754,013
See all 22 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$107.2M
Ln 12
Fees for servicesLn 2g$81.4M
Investment incomeLn 3$18.4M
Other incomeLn 4–11$4.2M
Money outPt IX
$77.2M
Ln 25
Programscol B$56.9M
Managementcol C$19.9M
Fundraisingcol D$392K
Owns and owesPt X
$284.9M
net assets · Ln 32
Cash and savingsLn 1–2$95.9M
Total assetsLn 16$343.5M
LiabilitiesLn 26$58.6M
PeoplePt VI, VII
22
listed · VII A
PaidVII A15
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.2M
Government grantsLn 1e$2.0M
Noncash giftsLn 1g$10K
Fees for servicesLn 2g$81.4M
Investment incomeLn 3$18.4M
Other incomeLn 4–11$4.2M
Gains on assetsLn 7$12.8M
Total revenueLn 12$107.2M
Assets in detailPt X, end of year
CashLn 1$1.0M
SavingsLn 2$94.9M
Cash and savings togetherLn 1–2$95.9M
InvestmentsLn 11–13$74.5M
Land, buildings, equipmentLn 10c$162.3M
Other assetsLn 15$5.6M
Total assetsLn 16$343.5M
LiabilitiesLn 26$58.6M
Net assetsLn 32$284.9M
OperationsPt I, VI
EmployeesI 51,034
VolunteersI 6306
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$63.5M$95.9M
InvestmentsLn 11–13$83.4M$74.5M
Land, buildings, equipmentLn 10c$160.7M$162.3M
Total assetsLn 16$320.1M$343.5M
LiabilitiesLn 26$59.6M$58.6M
Net assetsLn 32$260.4M$284.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$20K$20K
Grants to domestic individualsLn 2$3.6M$3.6M
Pay of current officers, directors and key staffLn 5$1.8M$15K$1.7M
Other salaries and wagesLn 7$26.6M$20.1M$6.4M
Pension plan contributionsLn 8$2.3M$1.4M$916K
Other employee benefitsLn 9$4.6M$3.4M$1.2M
Payroll taxesLn 10$2.0M$1.5M$547K
Legal feesLn 11b$173K$173K
Accounting feesLn 11c$102K$102K
Professional fundraising feesLn 11e$347K$347K
Investment management feesLn 11f$183K$183K
Other fees for servicesLn 11g$6.5M$4.8M$1.7M$40K
Advertising and promotionLn 12$1.7M$1.5M$226K$1K
Office expensesLn 13$2.0M$1.4M$585K$4K
Information technologyLn 14$3.6M$2.5M$1.1M
OccupancyLn 16$7.5M$6.0M$1.5M
TravelLn 17$446K$236K$209K$167
Conferences, conventions and meetingsLn 19$455K$13K$442K
InterestLn 20$1.8M$1.8M
Depreciation, depletion and amortizationLn 22$7.3M$5.8M$1.5M
InsuranceLn 23$1.5M$189K$1.3M
Other expenses (24a–d)Ln 24$2.2M$2.2M$6
All other expensesLn 24e$731K$512K$219K
Total functional expensesLn 25$77.2M$56.9M$19.9M$392K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $107.2M$77.2M$30.0M$284.9M 990 PDF
FY2024 $93.6M$73.5M$20.2M$260.4M 990 PDF
FY2023 $90.4M$70.2M$20.2M$237.7M 990 PDF
FY2022 $91.5M$65.5M$26.0M$209.0M 990 PDF
FY2021 $79.4M$62.6M$16.8M$202.7M 990 PDF
FY2020 $73.1M$64.5M$8.6M$172.1M 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 J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $107,212,971 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,898,815$3,189,552
I-9 Program service revenuePrior year $77,873,586$81,438,762
I-10 Investment incomePrior year $8,543,558$18,390,098
I-11 Other revenuePrior year $4,333,546$4,194,559
I-12 Total revenuePrior year $93,649,505$107,212,971
I-13 Grants and similar amounts paidPrior year $3,397,403$3,579,844
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $33,980,865$37,169,878
I-16a Professional fundraising feesPrior year $200,996$346,656
I-17 Other expensesPrior year $35,891,864$36,135,204
I-18 Total expensesPrior year $73,471,128$77,231,582
I-19 Revenue less expensesPrior year $20,178,377$29,981,389
Part VI · Governance 11 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members11
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $107,212,971 across 10 lines filed
Lines not itemized here account for $670,661 of total revenue; see the IRS return.
VIII-1e Government grants$2,025,888
VIII-1f All other contributions, gifts and grants$1,163,664
VIII-1g Noncash contributions (included above)$10,277
VIII-1h Total contributions, gifts and grants$3,189,552
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $81,354,204 · Excluded from tax $84,558$81,438,762
VIII-3 Investment incomeExcluded from tax $5,549,776$5,549,776
VIII-6 Net rental income or lossExcluded from tax $3,278,348$3,278,348
VIII-7 Net gain or loss on sales of assetsExcluded from tax $12,840,322$12,840,322
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $245,550$245,550
VIII-12 Total revenueRelated to mission $81,354,204 · Unrelated business $0 · Excluded from tax $22,669,215$107,212,971
Part IX · Statement of functional expenses $77,231,582 across 23 lines filed
IX-1 Grants to domestic organizationsPrograms $20,000$20,000
IX-2 Grants to domestic individualsPrograms $3,559,844$3,559,844
IX-5 Pay of current officers, directors and key staffPrograms $15,249 · Management $1,740,102$1,755,351
IX-7 Other salaries and wagesPrograms $20,137,565 · Management $6,412,718$26,550,283
IX-8 Pension plan contributionsPrograms $1,364,144 · Management $916,079$2,280,223
IX-9 Other employee benefitsPrograms $3,408,879 · Management $1,156,803$4,565,682
IX-10 Payroll taxesPrograms $1,471,584 · Management $546,755$2,018,339
IX-11b Legal feesManagement $172,768$172,768
IX-11c Accounting feesManagement $102,064$102,064
IX-11e Professional fundraising feesFundraising $346,656$346,656
IX-11f Investment management feesManagement $182,565$182,565
IX-11g Other fees for servicesPrograms $4,820,249 · Management $1,668,921 · Fundraising $40,069$6,529,239
IX-12 Advertising and promotionPrograms $1,502,003 · Management $225,529 · Fundraising $1,145$1,728,677
IX-13 Office expensesPrograms $1,445,177 · Management $584,671 · Fundraising $4,226$2,034,074
IX-14 Information technologyPrograms $2,495,383 · Management $1,066,054$3,561,437
IX-16 OccupancyPrograms $5,999,222 · Management $1,495,801$7,495,023
IX-17 TravelPrograms $236,455 · Management $209,265 · Fundraising $167$445,887
IX-19 Conferences, conventions and meetingsPrograms $12,759 · Management $442,437$455,196
IX-20 InterestPrograms $1,763,960$1,763,960
IX-22 Depreciation, depletion and amortizationPrograms $5,785,651 · Management $1,475,300$7,260,951
IX-23 InsurancePrograms $189,118 · Management $1,290,683$1,479,801
IX-24 Other expenses (24a–d)Programs $2,192,414 · Management $6$2,192,420
IX-24e All other expensesPrograms $512,017 · Management $219,125$731,142
IX-25 Total functional expensesPrograms $56,931,673 · Management $19,907,646 · Fundraising $392,263$77,231,582
Part X · Balance sheet $343,544,806 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $1,788,703$1,010,428
X-2 Savings and temporary cash investmentsStart of year $61,666,354$94,933,792
X-3 Pledges and grants receivableStart of year $2,309,046$1,938,211
X-4 Accounts receivableStart of year $918,642$592,088
X-8 Inventories for sale or useStart of year $691,233$584,103
X-9 Prepaid expenses and deferred chargesStart of year $1,386,154$2,131,283
X-10c Land, buildings and equipment, netStart of year $160,660,094$162,321,894
X-11 Publicly traded securitiesStart of year $81,927,691$73,418,555
X-13 Program-related investmentsStart of year $1,431,015$1,034,497
X-15 Other assetsStart of year $7,305,518$5,579,955
X-16 Total assetsStart of year $320,084,450$343,544,806
X-17 Accounts payable and accrued expensesStart of year $8,956,818$9,904,839
X-18 Grants payableStart of year $305,039$0
X-19 Deferred revenueStart of year $2,106,733$1,965,447
X-20 Tax-exempt bond liabilitiesStart of year $33,170,536$31,933,590
X-25 Other liabilitiesStart of year $784,570$810,413
X-26 Total liabilitiesStart of year $59,645,107$58,603,352
X-27 Net assets without donor restrictionsStart of year $202,246,255$226,208,828
X-28 Net assets with donor restrictionsStart of year $58,193,088$58,732,626
X-32 Total net assets or fund balancesStart of year $260,439,343$284,941,454
X-33 Total liabilities and net assetsStart of year $320,084,450$343,544,806
Part XI · Reconciliation of net assets $284,941,454 net assets at year end
XI-1 Total revenue$107,212,971
XI-2 Total expenses$77,231,582
XI-3 Revenue less expenses$29,981,389
XI-4 Net assets at start of year$260,439,343
XI-5 Net unrealized gains (losses) on investments−$4,298,741
XI-9 Other changes in net assets−$1,180,537
XI-10 Net assets at end of year$284,941,454

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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