Nonprofit · EIN 13-3748059
PALM FOUNDATION
Tax-exempt · NEW YORK, NY 10274
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2025 | 990-PF | $1,678,115 | $722,500 | $955,615 | $11,549,591 | $0 | $11,549,591 |
| April 30, 2024 | 990-PF | $773,130 | $853,978 | -$80,848 | $10,852,276 | $258,300 | $10,593,976 |
Financial details: 990-PF for the year ended April 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $270,505
- Interest
- $62,348
- Net gain from sales of assets
- $1,142,217
- Other income
- $203,045
Expenses
- Grants and similar amounts paid
- $687,500
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $687,500
- Excise tax on investment income
- $23,326
Balance sheet and other
- Total assets, start of year
- $10,852,276
- Total assets, end of year
- $11,549,591
- Total liabilities, end of year
- $0
- Net assets, end of year
- $11,549,591
- Fair market value of assets
- $18,383,669
- Qualifying distributions
- $687,500
- Net investment income
- $1,678,115
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended April 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGORY K PALM PO Box 73 Bowling Green Station, New York, NY 102740073 | TRUSTEE | 1 | $0 |
| SUSAN ROSE PALM PO Box 73 Bowling Green Station, New York, NY 102740073 | TRUSTEE | 1 | $0 |
| KATHERINE PALM PO Box 73 Bowling Green Station, New York, NY 102740073 | TRUSTEE | 1 | $0 |
| JENNIFER PALM PO Box 73 Bowling Green Station, New York, NY 102740073 | TRUSTEE | 1 | $0 |
990-PF for the year ended April 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGORY K PALM PO Box 73 Bowling Green Station, New York, NY 102740073 | TRUSTEE | 1 | $0 |
| SUSAN ROSE PALM PO Box 73 Bowling Green Station, New York, NY 102740073 | TRUSTEE | 1 | $0 |
| KATHERINE PALM PO Box 73 Bowling Green Station, New York, NY 102740073 | TRUSTEE | 1 | $0 |
| JENNIFER PALM PO Box 73 Bowling Green Station, New York, NY 102740073 | TRUSTEE | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 73, NEW YORK, NY 10274-0073
- In care of
- % GOLDMAN PARTNER OFFICE GPO
- Signed the 990-PF
- Gregory Palm, TRUSTEE
- Phone
- (212) 902-8711
- Return prepared by
- ERNST & YOUNG US LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | Not on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990-PF on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990-PF on file |
IRS record
- EIN
- 13-3748059
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1994
- Accounting year ends
- April
- Files
- Form 990-PF
- Assets (IRS master file)
- $11,549,591
- Income (IRS master file)
- $1,678,115
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | April 2025 | – | – | – | IRS |
| 990-PF | April 2024 | $773,130 | $853,978 | $10,852,276 | IRS |
| 990-PF | April 2023 | $495,533 | $896,393 | $10,674,824 | IRS |
| 990-PF | April 2022 | – | – | – | IRS |
| 990-PF | April 2021 | – | – | – | IRS |
| 990-PF | April 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about PALM FOUNDATION
- What is the EIN of PALM FOUNDATION?
- The employer identification number (EIN) of PALM FOUNDATION is 13-3748059.
- Is PALM FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to PALM FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PALM FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PALM FOUNDATION due?
- The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PALM FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended April 2025.
- Who are the officers and directors of PALM FOUNDATION?
- The 990-PF for the year ended April 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does PALM FOUNDATION have?
- On its 990-PF for the year ended April 30, 2025 it reported revenue of $1,678,115, expenses of $722,500 and total assets of $11,549,591 at year end.
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