Nonprofit · EIN 42-6081293
PALMER COLLEGE FOUNDATION
Tax-exempt · DAVENPORT, IA 52803
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $107,212,971 | $77,231,582 | $29,981,389 | $343,544,806 | $58,603,352 | $284,941,454 |
| June 30, 2024 | 990 | $93,649,505 | $73,471,128 | $20,178,377 | $320,084,450 | $59,645,107 | $260,439,343 |
| June 30, 2023 | 990 | $90,436,928 | $70,222,213 | $20,214,715 | $297,748,898 | $60,001,809 | $237,747,089 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,189,552
- of which government grants
- $2,025,888
- Program service revenue
- $81,438,762
- Investment income
- $18,390,098
- Net rental income
- $3,278,348
- Net gain from sales of assets
- $12,840,322
- Net income from sales of inventory
- $670,661
- Other revenue
- $4,194,559
Expenses
- Grants and similar amounts paid
- $3,579,844
- Compensation of officers, directors and key employees
- $1,755,351
- Other salaries and wages
- $26,550,283
- Salaries, compensation and benefits (total)
- $37,169,878
- Professional fundraising fees
- $346,656
- Legal fees
- $172,768
- Accounting fees
- $102,064
- Occupancy
- $7,495,023
- Travel
- $445,887
- Depreciation
- $7,260,951
- Program services (functional)
- $56,931,673
- Management and general (functional)
- $19,907,646
- Fundraising (functional)
- $392,263
Balance sheet and other
- Total assets, start of year
- $320,084,450
- Total assets, end of year
- $343,544,806
- Total liabilities, end of year
- $58,603,352
- Net assets, end of year
- $284,941,454
- Land, buildings and equipment
- $162,321,894
- Publicly traded securities
- $73,418,555
- Net assets without donor restrictions
- $226,208,828
- Net assets with donor restrictions
- $58,732,626
- Gross receipts
- $245,048,969
- Employees
- 992
- Volunteers
- 400
- Year formed
- 1897
- State of legal domicile
- IA
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 | Other / benefits |
|---|---|---|---|---|
| DENNIS MARCHIORI DC PHD | PRESIDENT/CEO Officer | 30 | $1,207,266 | $129,174 |
| DAN WEINERT DC | PROVOST/EXECUTIVE VICE PRESIDENT Officer | 40 | $299,667 | $128,835 |
| JENNIFER RANDAZZO | VICE CHANCELLOR FINANCE/TREASURER Officer | 30 | $240,409 | $108,156 |
| ROBERT PERCUOCO DC | VICE CHANCELLOR Highest-paid employee | 40 | $214,841 | $51,766 |
| CYNTHIA LONG DC | DEAN OF RESEARCH Highest-paid employee | 40 | $218,026 | $47,220 |
| MICHAEL NORRIS PHD | VICE CHANCELLOR OF ADMISSIONS Highest-paid employee | 40 | $214,360 | $50,247 |
| BARBARA MELBOURNE JD | VICE CHANCELLOR Highest-paid employee | 40 | $209,118 | $50,757 |
| IAN MCLEAN | DIRECTOR OF CLINIC RADIOLOGY Highest-paid employee | 40 | $230,807 | $13,385 |
| WILLIAM SHERRIER DC MA | CAMPUS PRESIDENT Key employee | 40 | $194,230 | $48,326 |
| KEVIN CUNNINGHAM DC | FACULTY (FORMER VICE CHANCELOR) Former | 40 | $132,679 | $50,890 |
| MICHAEL CHANCE DC | TRUSTEE Trustee or director | 1 | $2,784 | $0 |
| KENT PILCHER | TRUSTEE Trustee or director | 1 | $2,464 | $0 |
| DON BETZ PHD | TRUSTEE Trustee or director | 1 | $1,485 | $0 |
| KENNETH R KOUPAL | TRUSTEE/INTERIM ASST SEC GENERAL Trustee or director, Officer | 1 | $1,099 | $0 |
| SUSAN HATFIELD PHD | TRUSTEE Trustee or director | 1 | $658 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TREVOR V IRELAND DC | TRUSTEE/CHAIRPERSON Trustee or director, Officer | 20 | $0 |
| PAUL VANDUYNE PE DC | TRUSTEE/VICE CHAIRPERSON Trustee or director, Officer | 5 | $0 |
| VICKIE A PALMER HCD | TRUSTEE/SECRETARY GENERAL Trustee or director, Officer | 1 | $0 |
| DONNA CRAFT DC | TRUSTEE Trustee or director | 1 | $0 |
| DONALD DOUCETTE PHD | TRUSTEE Trustee or director | 1 | $0 |
| NATHAN HINKELDEY DC DACRB | TRUSTEE Trustee or director | 1 | $0 |
| CHARLES KELLER DC MA | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DENNIS MARCHIORI DC | PRESIDENT/CEO Officer | 30 | $556,175 | $61,735 |
| DAN WEINERT DC | PROVOST/EXECUTIVE VICE PRESIDENT Officer | 40 | $276,760 | $61,764 |
| ROBERT PERCUOCO DC | VICE CHANCELLOR Highest-paid employee | 40 | $231,302 | $48,024 |
| JENNIFER RANDAZZO | VICE CHANCELLOR FINANCE/TREASURER Officer | 30 | $221,255 | $51,920 |
| CYNTHIA LONG DC | DEAN OF RESEARCH Highest-paid employee | 40 | $208,665 | $42,217 |
| BARBARA MELBOURNE JD | VICE CHANCELLOR Highest-paid employee | 40 | $212,031 | $20,210 |
| MICHAEL NORRIS | VICE CHANCELLOR OF ADMISSIONS Highest-paid employee | 40 | $201,680 | $14,619 |
| IAN MCLEAN | DIRECTOR OF CLINIC RADIOLOGY Highest-paid employee | 40 | $202,768 | $13,350 |
| KEVIN CUNNINGHAM DC | FACULTY (FORMER VICE CHANCELLOR) Key employee | 40 | $161,504 | $48,881 |
| PETER MARTIN DC | CAMPUS PRESIDENT (RET. 6.30.23) Key employee | 40 | $178,471 | $20,198 |
| WILLIAM SHERRIER | CAMPUS PRESIDENT (EFF. 7.1.23) Key employee | 40 | $160,666 | $12,146 |
| LYNNE LINDSTROM | ASST SEC GEN/EXEC DIR OF BOD AFFAIRS (UNTI 2.3.24) Officer | 30 | $72,615 | $20,551 |
| MICHAEL CHANCE DC | TRUSTEE Trustee or director | 1 | $912 | $0 |
| KENT PILCHER | TRUSTEE Trustee or director | 1 | $779 | $0 |
| DONNA CRAFT DC | TRUSTEE Trustee or director | 1 | $757 | $0 |
| KENNETH R KOUPAL | TRUSTEE/INTERIM ASST SEC GENERAL Trustee or director, Officer | 1 | $717 | $0 |
| SUSAN HATFIELD PHD | TRUSTEE Trustee or director | 1 | $657 | $0 |
| DONALD DOUCETTE PHD | TRUSTEE Trustee or director | 1 | $648 | $0 |
| PAUL VANDUYNE PE DC | TRUSTEE/VICE CHAIRPERSON Trustee or director, Officer | 5 | $0 | $0 |
| VICKIE A PALMER HCD | TRUSTEE/SECRETARY GENERAL Trustee or director, Officer | 1 | $0 | $0 |
| DON BETZ PHD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PATRICIA HARDAWAY JD | TRUSTEE (UNTIL 1.1.24) Trustee or director | 1 | $0 | $0 |
| NATHAN HINKELDEY DC DACRB | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TREVOR V IRELAND DC | TRUSTEE/CHAIRPERSON Trustee or director, Officer | 20 | $0 | $0 |
| CHARLES KELLER DC MA | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DENNIS MARCHIORI DC | PRESIDENT/CEO Officer | 30 | $536,695 | $76,458 |
| DAN WEINERT DC | PROVOST/EXECUTIVE VICE PRESIDENT Officer | 40 | $262,723 | $51,348 |
| ROBERT PERCUOCO DC | VICE CHANCELLOR Highest-paid employee | 40 | $245,664 | $49,139 |
| PETER MARTIN DC | CAMPUS PRESIDENT (RET. 6.30.23) Key employee | 40 | $260,440 | $33,454 |
| JENNIFER RANDAZZO | VICE CHANCELLOR FINANCE/TREASURER Officer | 30 | $211,645 | $45,105 |
| KEVIN CUNNINGHAM DC | VICE CHANCELLOR Key employee | 40 | $204,765 | $49,032 |
| CYNTHIA LONG DC | DEAN OF RESEARCH Highest-paid employee | 40 | $199,409 | $40,870 |
| JIM OCONNOR | VICE CHANCELLOR OF MARKETING Highest-paid employee | 40 | $181,907 | $36,801 |
| BARBARA MELBOURNE JD | VICE CHANCELLOR Highest-paid employee | 40 | $196,402 | $14,873 |
| MICHAEL NORRIS | VICE CHANCELLOR OF ADMISSIONS Highest-paid employee | 40 | $194,267 | $14,232 |
| LYNNE LINDSTROM | ASST SEC GEN/EXEC DIR OF BOD AFFAIRS Officer | 30 | $94,054 | $27,858 |
| KENT PILCHER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAUL VANDUYNE PE DC | TRUSTEE/VICE CHAIRPERSON Trustee or director, Officer | 5 | $0 | $0 |
| VICKIE A PALMER HCD | TRUSTEE/SECRETARY GENERAL Trustee or director, Officer | 1 | $0 | $0 |
| DONNA CRAFT DC | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DON BETZ PHD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DONALD DOUCETTE PHD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KENNETH R KOUPAL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SUSAN HATFIELD PHD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL CHANCE DC | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PATRICIA HARDAWAY JD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NATHAN HINKELDEY DC DACRB | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TREVOR V IRELAND DC | TRUSTEE/CHAIRPERSON Trustee or director, Officer | 20 | $0 | $0 |
| CHARLES KELLER DC MA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT LAMBERT JD | TRUSTEE (UNTIL 12.31.22) Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1000 BRADY ST, DAVENPORT, IA 52803-5214
- In care of
- % PAYROLL DEPARTMENT
- Principal officer (990 for 2024)
- DENNIS MARCHIORI DC PHD, 1000 BRADY STREET, DAVENPORT, IA 52803
- Signed the 990
- JENNIFER RANDAZZO, TREASURER
- Phone
- (563) 884-5000
- Website
- WWW.PALMER.EDU
- Return prepared by
- RSM US LLP
Mission
PROMOTE LEARNING, DELIVER HEALTH CARE, ENGAGE OUR COMMUNITIES AND ADVANCE KNOWLEDGE THROUGH RESEARCH.
Program accomplishments
- PALMER COLLEGE EDUCATES STUDENTS WITH A DOCTOR OF CHIROPRACTIC DEGREE. STUDENTS ARE PROVIDED CLASSROOM AND LAB INSTRUCTION TO LEARN THE SCIENCE, ART AND PHILOSOPHY OF CHIROPRACTIC. ENROLLMENT FOR THE SPRING 2025 TERM WAS 1,943 STUDENTS.Expenses $38,089,413 · grants $3,579,844 · revenue $79,467,899
- PALMER COLLEGE OPERATES CHIROPRACTIC CLINICS TO EXTEND THE STUDENT EDUCATION FROM THE CLASSROOM TO DIRECT PATIENT CARE. THE DOCTOR OF CHIROPRACTIC DEGREE IS A 10 TRIMESTER PROGRAM OF WHICH THE FINAL 1/3 IS SPENT IN THE CLINIC SETTING WORKING WITH PATIENTS. STUDENT TUITION REPORTED ABOVE IS USED TO OFFSET THE COST OF CLINIC OPERATIONS.Expenses $9,542,236 · revenue $1,385,643
- PALMER CENTER FOR CHIROPRACTIC RESEARCH IS DEDICATED TO IMPACTING PATIENT CARE AND POLICY THROUGH RESEARCH, ANALYSIS AND INTELLIGENCE. PCCR TAKES A COMPREHENSIVE APPROACH TO RESEARCH FOCUSING ON BASIC AND CLINICAL SCIENCES IN ADDITION TO HEALTH SERVICES WORK. GRANT INCOME RECEIVED DURING THE YEAR WAS JUST OVER $1,100,000.Expenses $2,703,697
- AUXILIARY ENTERPRISES AND ACTIVITIES RELATED TO OPERATION OF BOOKSTORE, CAFETERIA, PRINT SHOP, STUDENT HOUSING, AND CONTINUING EDUCATION PROGRAMS.Expenses $6,596,327 · revenue $500,662
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
- 42-6081293
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1965
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B500)
- Assets (IRS master file)
- $343,544,806
- Income (IRS master file)
- $245,048,969
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $107,212,971 | $77,231,582 | $343,544,806 | XML |
| 990 | June 2024 | $93,649,505 | $73,471,128 | $320,084,450 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $90,436,928 | $70,222,213 | $297,748,898 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $91,492,236 | $65,487,243 | $257,383,249 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 42-6081293).
Questions about PALMER COLLEGE FOUNDATION
- What is the EIN of PALMER COLLEGE FOUNDATION?
- The employer identification number (EIN) of PALMER COLLEGE FOUNDATION is 42-6081293.
- Is PALMER COLLEGE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1965.
- Are donations to PALMER COLLEGE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PALMER COLLEGE 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 PALMER COLLEGE FOUNDATION 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 PALMER COLLEGE FOUNDATION 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 PALMER COLLEGE FOUNDATION?
- The 990 for the year ended June 30, 2025 names DENNIS MARCHIORI DC PHD.
- Who are the officers and directors of PALMER COLLEGE FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 22 people; 15 received compensation from the organization, the highest $1,207,266 (DENNIS MARCHIORI DC PHD, PRESIDENT/CEO).
- How much revenue does PALMER COLLEGE FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $107,212,971, expenses of $77,231,582 and total assets of $343,544,806 at year end.
Other nonprofits in DAVENPORT
- ST AMBROSE UNIVERSITY EIN 42-0703280 · last filed 990 for 2025
- RSM US FOUNDATION EIN 47-2248988 · last filed 990 for 2024
- CORAM DEO ACADEMY EIN 99-1041817 · last filed 990 for 2025
- QUAD CITY MONTESSORI ASSOCIATION INC EIN 42-0955887 · last filed 990 for 2025
- QUAD CITIES LATINO FOUNDATION EIN 81-1324538 · last filed 990 for 2025
- MISSISSIPPI VALLEY SCHOOL TUITIONORGANIZATION INC EIN 20-5268108 · last filed 990 for 2025
- CENTRAL HIGH ATHLETIC BOOSTER CLUB EIN 42-1391659 · last filed 990 for 2025
- PARENT BOOSTER USA INC EIN 27-3003514 · last filed 990-EZ for 2026