2024-01-31T15:27:31-06:00 2023-06-30 911503183 DP&C PO BOX 1614 TACOMA WA 984011614 990 2022-07-01 911742581 R MERLE PALMER MINORITY SCHOLARSHIP FOUNDATION RMER 2535729008 PO BOX 7119 TACOMA WA 98417 DENISE NICOLE FRANKLIN INTERIM EXECUTIVE DIRECTOR 2535729008 2024-01-29 DENISE NICOLE FRANKLIN 999009999 1 ZACH R PARSONS P01420675 2535729922 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PALMER SCHOLARS DENISE NICOLE FRANKLIN PO BOX 7119 TACOMA WA 98417 1502583 0 X WWW.PALMERSCHOLARS.ORG X 1996 WA SUPPORTING UNDERREPRESENTED PIERCE COUNTY STUDENTS OF COLOR TO OVERCOME FINANCIAL, CULTURAL, AND SOCIAL BARRIERS IN THEIR PURSUIT OF HIGHER EDUCATION. OUR VISION IS FOR OUR STUDENTS TO SUCCEED IN GRADUATING FROM COLLEGE WITH THE ESSENTIAL TOOLS TO BE CATALYSTS FOR CHANGE, LEADERS IN OUR COMMUNITY, AND BECOME PERSONALLY EMPOWERED. 12 12 17 184 0 0 1425452 1475136 0 0 31575 27447 -13033 -57567 1443994 1445016 346642 347674 0 0 736876 890498 0 0 187633 275791 367490 1359309 1605662 84685 -160646 1801300 1681594 24073 19983 1777227 1661611 X SUPPORTING UNDERREPRESENTED PIERCE COUNTY STUDENTS OF COLOR TO OVERCOME FINANCIAL, CULTURAL, AND SOCIAL BARRIERS IN THEIR PURSUIT OF HIGHER EDUCATION. OUR VISION IS FOR OUR STUDENTS TO SUCCEED IN GRADUATING FROM COLLEGE WITH THE ESSENTIAL TOOLS TO BE CATALYSTS FOR CHANGE, LEADERS IN OUR COMMUNITY, AND BECOME PERSONALLY EMPOWERED. 0 0 1265788 347674 1445016 THE ORGANIZATION PROVIDED SCHOLARSHIPS AND MENTORING SERVICES TO 225 STUDENTS DURING THE YEAR ENDED JUNE 30, 2023. 1265788 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 30 0 17 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WA X X X PALMER SCHOLARS 2535729008 PO BOX 7119 TACOMA WA 98417 AMALIA PEREZ PRESIDENT 2.00 X X 0 0 0 ZACH PARSONS TREASURER 2.00 X X 0 0 0 KACEE WOODS SECRETARY 2.00 X X 0 0 0 MARISSA RATHBONE IMMEDIATE PAST PRESIDENT 2.00 X X 0 0 0 KIMBERLY GREEN AT-LARGE 1.00 X X 0 0 0 STEPHANIE CROOM-WILLIAMS MEMBER 1.00 X 0 0 0 HEATHER CURL MEMBER 1.00 X 0 0 0 ALEX DAVIS MEMBER 1.00 X 0 0 0 CHRISTAL HARRISON MEMBER 1.00 X 0 0 0 STEVE SCHAIN MEMBER 1.00 X 0 0 0 KIDANE YOHANNES MEMBER 1.00 X 0 0 0 JEANKIE ACZON MEMBER 1.00 X 0 0 0 JONATHAN JACKSON EXECUTIVE DIRECTOR 40.00 X 137083 0 10412 137083 0 10412 1 0 0 0 0 170974 641520 662642 1475136 27447 27447 0 170974 57567 -57567 -57567 1445016 0 0 -30120 347674 347674 151500 117161 11101 23238 592298 458047 43401 90850 11818 9165 891 1762 75257 58360 5676 11221 59625 46110 4369 9146 32469 6100 26369 3509 2282 1227 34668 17334 8667 8667 35323 17661 8831 8831 27195 22770 4425 9171 6878 1834 459 5001 5001 SCHOLAR EXPENSES 168037 168037 MENTOR EXPENSES 15750 15750 BAD DEBT EXPENSE 12000 12000 BANK FEES 8756 8756 15611 3611 10562 1438 1605662 1265788 152241 187633 481885 347698 252747 197239 35323 20904 86664 38869 6557 47795 340014 365193 684774 702765 1801300 1681594 24073 19983 24073 19983 X 971453 873010 805774 788601 1777227 1661611 1801300 1681594 -160646 45030 0 X 1 X 0 0 0 X 751172 1044202 1314905 1425452 1475136 6010867 751172 1044202 1314905 1425452 1475136 6010867 777188 5233679 13735 14544 22406 31575 27447 109707 6120574 0.85510 0.87070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 684774 54935 30000 6944 702765 794020 -73193 29300 6751 684774 633266 201574 34300 6520 794020 657756 8899 27100 6289 633266 657406 32867 26300 6217 657756 1.00000 1 0 86664 38869 47795 47795 ENDOWMENT RECEIVABLE 702765 702765 PART V, LINE 4: THE ORGANIZATION USES THE ANNUAL ENDOWMENT DISBURSEMENT TO PROVIDE SCHOLARSHIP MONIES TO STUDENTS. THE CORPUS AND ANY UNDISTRIBUTED EARNINGS IS USED AS A CONTINGENCY PLAN TO PAY OUT REMAINING SCHOLARSHIP PAYMENTS TO STUDENTS AS THEY FINISH COLLEGE, SHOULD THE ORGANIZATION CEASE TO EXIST. COCKTAILS FOR COMMITMENT 170974 170974 20603 4800 32164 170974 170974 20603 4800 32164 57567 -57567 1 COLLEGE SCHOLARSHIPS 144 347674 PART I, LINE 2: SCHOLARSHIP FUNDS ARE DISPERSED DIRECTLY TO INDIVIDUAL STUDENT TUITION ACCOUNTS AT THE VARIOUS HIGHER EDUCATION INSTITUTIONS INSTEAD OF DIRECTLY TO SCHOLARSHIP RECIPIENTS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE FOUNDATION'S EXECUTIVE DIRECTOR AND OR TREASURER, AND IS THEN DELIVERED TO ALL FOUNDATION BOARD MEMBERS FOR REVIEW AND DISCUSSION PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED BY THE BOARD OF DIRECTORS ANNUALLY. WHEN AN APPEARANCE OF CONFLICT IS POSSIBLE, IT IS DISCLOSED AND THE BOARD MEMBER ABSENTS HIMSELF/HERSELF FROM DISCUSSION AND VOTING. ANY SUCH OCCASIONS ARE REFLECTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE DIRECTOR COMPENSATION IS DETERMINED AFTER A BOARD REVIEW OF THIRD PARTY COMPENSATION DATA RELATED TO EQUIVALENT POSITIONS AND COMPARABLY SIZED ORGANIZATIONS. BOARD DELIBERATION AND CONSIDERATION IS DOCUMENTED IN BOARD MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE FORM 990, FINANCIAL STATEMENTS, AND FORM 1023 ARE AVAILABLE FOR MAILING TO THE GENERAL PUBLIC UPON REQUEST. IN ADDITION, THE FOUNDATION OFFICES ARE OPEN MONDAY-FRIDAY, 9AM-5PM. DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION AT THESE TIMES.