Nonprofit · EIN 38-6258410
ESTES PALMER FOUNDATION
Tax-exempt · EAST LANSING, MI 48823
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $741,360 | $410,024 | $331,336 | $8,129,952 | $0 | $8,129,952 |
| December 31, 2024 | 990 | $584,940 | $380,863 | $204,077 | $7,798,616 | $0 | $7,798,616 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $740,953
- Net gain from sales of assets
- $378,015
- Other revenue
- $407
Expenses
- Grants and similar amounts paid
- $329,528
- Compensation of officers, directors and key employees
- $10,000
- Salaries, compensation and benefits (total)
- $10,000
- Professional fundraising fees
- $0
- Legal fees
- $9,463
- Accounting fees
- $5,325
- Program services (functional)
- $329,528
- Management and general (functional)
- $80,496
Balance sheet and other
- Total assets, start of year
- $7,798,616
- Total assets, end of year
- $8,129,952
- Total liabilities, end of year
- $0
- Net assets, end of year
- $8,129,952
- Gross receipts
- $2,162,424
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1972
- State of legal domicile
- MI
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LANCE R LYNCH | PRESIDENT Trustee or director, Officer | 1 | $2,000 |
| ALLISON M BUEGE-WATSON | VICE PRESIDENT & SECRETARY Trustee or director, Officer | 1 | $2,000 |
| STEPHEN SERKAIAN | TREASURER Trustee or director, Officer | 1 | $2,000 |
| JEREMY GOUGH | DIRECTOR Trustee or director | 1 | $2,000 |
| MARK J DELUCA | DIRECTOR Trustee or director | 1 | $2,000 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LANCE R LYNCH | PRESIDENT Trustee or director, Officer | 1 | $2,000 |
| ALLISON M BUEGE WATSON | VICE PRESIDENT & SECRETARY Trustee or director, Officer | 1 | $2,000 |
| STEPHEN SERKAIAN | TREASURER Trustee or director, Officer | 1 | $2,000 |
| JEREMY GOUGH | DIRECTOR Trustee or director | 1 | $2,000 |
| MARK J DELUCA | DIRECTOR Trustee or director | 1 | $2,000 |
Address and contacts
- Address (IRS master file)
- 6400 HEATHFIELD DR, EAST LANSING, MI 48823-9665
- In care of
- % PNC BANK NA
- Principal officer (990 for 2025)
- ALLISON BUEGE-WATSON, 6400 HEATHFIELD DR, EAST LANSING, MI 48823
- Signed the 990
- ALLISON BUEGE-WATSON, VICE PRESIDENT
- Phone
- (517) 896-0061
- Return prepared by
- JARROD LYNCH CPA PLLC
Mission
TO PROVIDE FINANCIAL ASSISTANCE TO ADRIAN COLLEGE AND ASBURY THEOLOGICAL SEMINARY
Program accomplishments
- GRANT - ADRIAN COLLEGEExpenses $164,764 · grants $164,764
- GRANT - ASBURY THEOLOGICAL SEMINARYExpenses $164,764 · grants $164,764
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 38-6258410
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1973
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T90Z)
- Assets (IRS master file)
- $8,129,952
- Income (IRS master file)
- $2,162,424
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $741,360 | $410,024 | $8,129,952 | XML |
| 990 | December 2024 | $584,940 | $380,863 | $7,798,616 | XML |
| 990 | December 2023 | $329,720 | $360,535 | $7,594,539 | IRS |
| 990 | December 2022 | $221,034 | $581,777 | $7,625,354 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 38-6258410).
Questions about ESTES PALMER FOUNDATION
- What is the EIN of ESTES PALMER FOUNDATION?
- The employer identification number (EIN) of ESTES PALMER FOUNDATION is 38-6258410.
- Is ESTES PALMER FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
- Are donations to ESTES PALMER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does ESTES PALMER 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 ESTES PALMER 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 ESTES PALMER FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of ESTES PALMER FOUNDATION?
- The 990 for the year ended December 31, 2025 names ALLISON BUEGE-WATSON.
- Who are the officers and directors of ESTES PALMER FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 5 people; 5 received compensation from the organization, the highest $2,000 (LANCE R LYNCH, PRESIDENT).
- How much revenue does ESTES PALMER FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $741,360, expenses of $410,024 and total assets of $8,129,952 at year end.
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