Nonprofit · EIN 38-3577492
HP FOUNDATION
Tax-exempt · SUTTONS BAY, MI 49682
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $76,516 | $139,074 | -$62,558 | $1,129,031 | $0 | $1,129,031 |
| December 31, 2024 | 990-PF | $75,567 | $120,777 | -$45,210 | $1,191,734 | $0 | $1,191,734 |
| December 31, 2023 | 990-PF | $73,963 | $121,082 | -$47,119 | $1,237,984 | $0 | $1,237,984 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $56,903
- Interest
- $16
- Net gain from sales of assets
- $19,578
- Other income
- $19
Expenses
- Grants and similar amounts paid
- $87,000
- Compensation of officers, directors and key employees
- $17,312
- Disbursements for charitable purposes
- $110,962
- Excise tax on investment income
- $683
Balance sheet and other
- Total assets, start of year
- $1,191,734
- Total assets, end of year
- $1,129,031
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,129,031
- Fair market value of assets
- $2,582,432
- Qualifying distributions
- $110,962
- Net investment income
- $76,516
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEBORAH HOLLEY PALMS 12060 EAST SPINNAKER LANE, SUTTONS BAY, MI 49682 | PRESIDENT | 8 | $17,100 |
| KATHERINE PALMS 12060 EAST SPINNAKER LANE, SUTTONS BAY, MI 49682 | SECRETARY | 2 | $212 |
| JEFFREY J PALMS 12060 EAST SPINNAKER LANE, SUTTONS BAY, MI 49682 | TREASURER | 1 | $0 |
| JEFFREY FRANCIS PALMS 12060 EAST SPINNAKER LANE, SUTTONS BAY, MI 49682 | ASSISTANT TREASURER | 1 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEBORAH HOLLEY PALMS 670 WEST BROADWAY, SUTTONS BAY, MI 49682 | PRESIDENT | 8 | $17,100 |
| JEFFREY J PALMS 670 WEST BROADWAY, SUTTONS BAY, MI 49682 | TREASURER | 1 | $0 |
| JEFFREY FRANCIS PALMS 670 WEST BROADWAY, SUTTONS BAY, MI 49682 | ASSISTANT TREASURER | 1 | $0 |
| KATHERINE PALMS 670 WEST BROADWAY, SUTTONS BAY, MI 49682 | SECRETARY | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEBORAH HOLLEY PALMS 670 WEST BROADWAY, SUTTONS BAY, MI 49682 | PRESIDENT | 8 | $17,100 |
| JEFFREY J PALMS 670 WEST BROADWAY, SUTTONS BAY, MI 49682 | TREASURER | 1 | $0 |
| JEFFREY FRANCIS PALMS 670 WEST BROADWAY, SUTTONS BAY, MI 49682 | ASSISTANT TREASURER | 1 | $0 |
| KATHERINE PALMS 670 WEST BROADWAY, SUTTONS BAY, MI 49682 | SECRETARY | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 12060 E SPINNAKER LN, SUTTONS BAY, MI 49682-9594
- In care of
- % DEBORAH HOLLEY PALMS
- Signed the 990-PF
- DEBORAH PALMS, PRESIDENT
- Phone
- (313) 590-9622
- Return prepared by
- PREDHOMME & CO
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 38-3577492
- 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
- 2001
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $1,129,031
- Income (IRS master file)
- $265,462
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $76,516 | $139,074 | $1,129,031 | IRS |
| 990-PF | December 2024 | $75,567 | $120,777 | $1,191,734 | XML |
| 990-PF | December 2023 | $73,963 | $121,082 | $1,237,984 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 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 38-3577492).
Questions about HP FOUNDATION
- What is the EIN of HP FOUNDATION?
- The employer identification number (EIN) of HP FOUNDATION is 38-3577492.
- Is HP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to HP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does HP FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of HP FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HP FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of HP FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 2 received compensation from the organization, the highest $17,100 (DEBORAH HOLLEY PALMS, PRESIDENT).
- How much revenue does HP FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $76,516, expenses of $139,074 and total assets of $1,129,031 at year end.
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