Nonprofit · EIN 31-1469468
WALTER B PALMER FOUNDATION INC
Tax-exempt · OXFORD, OH 45056
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $893,211 | $492,623 | $400,588 | $13,085,150 | $291,412 | $12,793,738 |
| June 30, 2024 | 990 | $246,138 | $283,328 | -$37,190 | $11,275,709 | $80,773 | $11,194,936 |
| December 31, 2023 | 990 | $427,311 | $224,671 | $202,640 | $11,105,641 | $86,436 | $11,019,205 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $366,242
- Investment income
- $340,437
- Net gain from sales of assets
- $82,704
- Other revenue
- $186,532
Expenses
- Grants and similar amounts paid
- $244,936
- Other salaries and wages
- $22,590
- Salaries, compensation and benefits (total)
- $22,590
- Professional fundraising fees
- $0
- Legal fees
- $33,519
- Depreciation
- $26,469
Balance sheet and other
- Total assets, start of year
- $11,275,709
- Total assets, end of year
- $13,085,150
- Total liabilities, end of year
- $291,412
- Net assets, end of year
- $12,793,738
- Land, buildings and equipment
- $2,625,000
- Publicly traded securities
- $6,755,669
- Net assets without donor restrictions
- $12,793,738
- Gross unrelated business income
- $526,969
- Gross receipts
- $2,693,658
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1924
- State of legal domicile
- OH
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bartholomew F Reuter | President Trustee or director, Officer | 4 | $0 |
| Christopher M Job | Director Trustee or director | 4 | $0 |
| Tucker D Lee | Director Trustee or director | 4 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bartholomew F Reuter | President Trustee or director, Officer | 4 | $0 |
| Christopher M Job | Director Trustee or director | 4 | $0 |
| Tucker D Lee | Director Trustee or director | 4 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bartholomew F Reuter | President Trustee or director, Officer | 4 | $0 |
| Joe Kohout Exit 623 | Vice President Trustee or director, Officer | 4 | $0 |
| Joe Passanise Exit 623 | Secretary/Treauser Trustee or director, Officer | 4 | $0 |
| Christopher M Job | Director Trustee or director | 4 | $0 |
| Tucker D Lee | Director Trustee or director | 4 | $0 |
| Samuel A Bluso Exit 623 | Director Trustee or director | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 2 S CAMPUS AVE, OXFORD, OH 45056-1801
- In care of
- % JOSEPH D KOHOUT
- Principal officer (990 for 2024)
- Bartholomew F Reuter, 2 South Campus Avenue, Oxford, OH 45056
- Signed the 990
- Patricia Howard, CFO
- Phone
- (513) 523-6345
- Return prepared by
- Barnes Dennig & Co LTD
Mission
The purpose of the Walter B. Palmer Foundation, Inc. is to assist Phi Delta Theta House Corporations and Phi Delta Theta General Fraternity by providing financial capital for acquisition of the chapter houses, improving and updating current chapter houses including life safety improvement, and preserving prime property locations at which no Phi Delta Theta Chapter is currently located, as well as providing support for fundraising projects to support the above activities. The Foundation should follow investment practices that further its capital strength in order to pursue the above goals, and for betterment of the Phi Delta Theta International Fraternity.
Program accomplishments
- Providing financial capital for acquisition of chapter houses, improving and updating current chapter houses including life safety improvements, and preserving prime property locations at which no Phi Delta Theta chapter is currently located as well as providing support for fundraising projects to support those activities.
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1469468
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1996
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $13,085,150
- Income (IRS master file)
- $2,693,658
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $893,211 | $492,623 | $13,085,150 | IRS |
| 990 | June 2024 | $246,138 | $283,328 | $11,275,709 | IRS |
| 990 | December 2023 | $427,311 | $224,671 | $11,105,641 | XML |
| 990 | December 2022 | $349,092 | $589,893 | $10,403,716 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 31-1469468).
Questions about WALTER B PALMER FOUNDATION INC
- What is the EIN of WALTER B PALMER FOUNDATION INC?
- The employer identification number (EIN) of WALTER B PALMER FOUNDATION INC is 31-1469468.
- Is WALTER B PALMER FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1996.
- Are donations to WALTER B PALMER FOUNDATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WALTER B PALMER FOUNDATION INC 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 WALTER B PALMER FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WALTER B PALMER FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of WALTER B PALMER FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names Bartholomew F Reuter.
- Who are the officers and directors of WALTER B PALMER FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does WALTER B PALMER FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $893,211, expenses of $492,623 and total assets of $13,085,150 at year end.
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