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Nonprofit · EIN 23-7397301

PALACIOS MEDICAL FOUNDATION

Tax-exempt · PALACIOS, TX 77465

Financials

$645K$652K2023$651K$649K2024
Revenue Expenses · by fiscal year end
Financials of PALACIOS MEDICAL FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$650,668$648,800$1,868$270,190$0$270,190
December 31, 2023990$645,023$651,672-$6,649$268,322$0$268,322
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$6,410
Program service revenue
$641,477
Investment income
$2,781
Net gain from sales of assets
$2,317
Other revenue
$0

Expenses

Grants and similar amounts paid
$641,477
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$725
Depreciation
$2,824
Program services (functional)
$648,800

Balance sheet and other

Total assets, start of year
$268,322
Total assets, end of year
$270,190
Total liabilities, end of year
$0
Net assets, end of year
$270,190
Land, buildings and equipment
$204,584
Publicly traded securities
$20,373
Gross receipts
$650,668
Employees
0
State of legal domicile
TX

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 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
DALE BEHNKESECRETARY
Trustee or director, Officer
1$0
JOHN HARRISONPRESIDENT
Trustee or director, Officer
2$0
DAVID KINGDIRECTOR
Trustee or director
1$0
TROY LEWISDIRECTOR
Trustee or director
1$0
LAFY SAHATREASURER
Trustee or director, Officer
1$0
LELAND SINGERDIRECTOR
Trustee or director
1$0
SUE STACYDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
DAVID KINGDirector
Trustee or director
1$0
JOHN HARRISONPresident
Trustee or director
2$0
LAFY SAHATREASURER
Trustee or director, Officer
1$0
DALE BEHNKESECRETARY
Trustee or director, Officer
1$0
SUE STACYDIRECTOR
Trustee or director
1$0
LELAND SINGERDIRECTOR
Trustee or director
1$0
BILL YEAGERDirector
Trustee or director
0$0
CHARLOTTE TUCKERDirector
Trustee or director
1$0
TROY LEWISDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 560, PALACIOS, TX 77465-0560
Principal officer (990 for 2024)
JOHN HARRISON, 303 ROREM, PLACIOS, TX 77465
Signed the 990
JOHN HARRISON, PRESIDENT
Phone
(361) 972-3333
Return prepared by
KM&L LLC

Mission

ASSISTING THE COMMUNITY'S MEDICAL NEEDS.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDING MEDICAL FACILITIES TO LICENSED DOCTORS AND OTHER MEDICAL CARE PROVIDERS SERVING A RURAL COMMUNITY OF APPROXIMATELY 3,500 PEOPLE & SCHOLARSHIP TO MEDICAL STUDIES.
    Expenses $648,800 · grants $641,477 · revenue $641,477

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7397301
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1974
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$270,190
Income (IRS master file)
$650,668

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$650,668$648,800$270,190XML
990December 2023$645,023$651,672$268,322XML
990December 2022$643,852$646,702$274,816IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 23-7397301).

Questions about PALACIOS MEDICAL FOUNDATION

What is the EIN of PALACIOS MEDICAL FOUNDATION?
The employer identification number (EIN) of PALACIOS MEDICAL FOUNDATION is 23-7397301.
Is PALACIOS MEDICAL FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
Are donations to PALACIOS MEDICAL FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PALACIOS MEDICAL FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PALACIOS MEDICAL FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PALACIOS MEDICAL FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PALACIOS MEDICAL FOUNDATION?
The 990 for the year ended December 31, 2024 names JOHN HARRISON.
Who are the officers and directors of PALACIOS MEDICAL FOUNDATION?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does PALACIOS MEDICAL FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $650,668, expenses of $648,800 and total assets of $270,190 at year end.

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