Nonprofit · EIN 59-2391119
PALM HEALTHCARE FOUNDATION INC
Tax-exempt · WEST PALM BCH, FL 33401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $9,779,641 | $5,949,342 | $3,830,299 | $94,979,982 | $648,833 | $94,331,149 |
| June 30, 2024 | 990 | $11,369,077 | $5,727,767 | $5,641,310 | $90,051,072 | $710,135 | $89,340,937 |
| June 30, 2023 | 990 | $1,993,608 | $5,097,890 | -$3,104,282 | $85,858,257 | $650,878 | $85,207,379 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,093,278
- of which government grants
- $224,000
- Program service revenue
- $14,168
- Investment income
- $7,968,750
- Net rental income
- -$296,555
- Net gain from sales of assets
- $6,064,074
- Other revenue
- -$296,555
Expenses
- Grants and similar amounts paid
- $2,790,422
- Compensation of officers, directors and key employees
- $551,502
- Other salaries and wages
- $944,800
- Salaries, compensation and benefits (total)
- $1,805,882
- Professional fundraising fees
- $0
- Legal fees
- $5,667
- Accounting fees
- $40,700
- Occupancy
- $144,370
- Travel
- $19,580
- Depreciation
- $14,444
- Program services (functional)
- $4,976,091
- Management and general (functional)
- $615,020
- Fundraising (functional)
- $358,231
Balance sheet and other
- Total assets, start of year
- $90,051,072
- Total assets, end of year
- $94,979,982
- Total liabilities, end of year
- $648,833
- Net assets, end of year
- $94,331,149
- Land, buildings and equipment
- $4,458,711
- Publicly traded securities
- $86,342,494
- Net assets without donor restrictions
- $67,703,000
- Net assets with donor restrictions
- $26,628,149
- Gross receipts
- $100,978,107
- Employees
- 15
- Volunteers
- 26
- Year formed
- 1984
- State of legal domicile
- FL
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 |
|---|---|---|---|---|
| Patrick J McNamara LCSW | President & CEO Officer | 40 | $319,979 | $39,625 |
| Abigail Goodwin | Exec VP Officer | 40 | $156,466 | $39,068 |
| Dr Marsha Fishbane MD | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Christine Koehn PhD | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Nathan Nason Esq | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Frances Fisher | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Jyothi Gunta MD | Trustee Trustee or director | 1 | $0 | $0 |
| Lisa Wiese PhD | Trustee Trustee or director | 1 | $0 | $0 |
| Andrea Stephenson-Royster MBA M | Trustee Trustee or director | 1 | $0 | $0 |
| Ellen Andel | Trustee Trustee or director | 1 | $0 | $0 |
| Mark Elhilow CPA PFS | Trustee Trustee or director | 1 | $0 | $0 |
| Clarence Williams JD | Trustee Trustee or director | 1 | $0 | $0 |
| Barbara James MBA | Trustee Trustee or director | 1 | $0 | $0 |
| Stephen Zaloom Esq | Trustee Trustee or director | 1 | $0 | $0 |
| Naelys Luna PhD | Trustee Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Clovis Moodie | Trustee Trustee or director | 1 | $0 |
| Julie Fisher Cummings | Trustee Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Patrick J McNamara | President & CEO Officer | 40 | $295,282 | $37,173 |
| Abigail Goodwin | Exec VP Officer | 40 | $146,626 | $36,616 |
| Dave Wisehaupt | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Dr Marsha Fishbane MD | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Nat Nason | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Christine Koehn PhD | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Jyothi Gunta MD | Trustee Trustee or director | 1 | $0 | $0 |
| Ruth Schwarzkopf | Trustee Trustee or director | 1 | $0 | $0 |
| Lisa Wiese | Trustee Trustee or director | 1 | $0 | $0 |
| Andrea Stephenson | Trustee Trustee or director | 1 | $0 | $0 |
| Ellen Andel | Trustee Trustee or director | 1 | $0 | $0 |
| Ilene Solomon Silber | Trustee Trustee or director | 1 | $0 | $0 |
| Mark Elhilow | Trustee Trustee or director | 1 | $0 | $0 |
| Frances Fisher | Trustee Trustee or director | 1 | $0 | $0 |
| Clarence Williams | Trustee Trustee or director | 1 | $0 | $0 |
| Barbara James | Trustee Trustee or director | 1 | $0 | $0 |
| Stephen Zaloom | Trustee Trustee or director | 1 | $0 | $0 |
| Naelys Luna PhD | Trustee Trustee or director | 1 | $0 | $0 |
| Clovis Moodie | Trustee Trustee or director | 1 | $0 | $0 |
| Julie Fisher Cummings | Trustee Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Patrick J McNamara | President & CEO Officer | 40 | $248,180 | $35,303 |
| Abigail Goodwin | Exec VP Officer | 40 | $136,647 | $34,746 |
| Dr Alina Alonso | Trustee Trustee or director, Officer | 2 | $0 | $0 |
| Denise Bober | Immediate past chair Trustee or director, Officer | 2 | $0 | $0 |
| Greg Quattlebaum | Trustee Trustee or director, Officer | 2 | $0 | $0 |
| Dave Wisehaupt | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Ruth Schwarkopf | Trustee Trustee or director | 1 | $0 | $0 |
| Nat Nason | Treasurer Trustee or director | 1 | $0 | $0 |
| Andrea Stephenson | Trustee Trustee or director | 1 | $0 | $0 |
| Dr Marsha Fishbane MD | Vice Chair Trustee or director | 1 | $0 | $0 |
| Ellen Andel | Trustee Trustee or director | 1 | $0 | $0 |
| Ilene Solomon Silber | Trustee Trustee or director | 1 | $0 | $0 |
| Mark Elhilow | Trustee Trustee or director | 1 | $0 | $0 |
| Frances Fisher | Trustee Trustee or director | 1 | $0 | $0 |
| Christine Koehn PhD | Secretary Trustee or director | 1 | $0 | $0 |
| Clarence Williams | Trustee Trustee or director | 1 | $0 | $0 |
| Barbara James | Trustee Trustee or director | 1 | $0 | $0 |
| Stephen Zaloom | Trustee Trustee or director | 1 | $0 | $0 |
| Naelys Luna PhD | Trustee Trustee or director | 1 | $0 | $0 |
| Clovis Moodie | Trustee Trustee or director | 1 | $0 | $0 |
| Julie Fisher Cummings | Trustee Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 700 S DIXIE HWY STE 103, WEST PALM BCH, FL 33401-5854
- Principal officer (990 for 2024)
- Patrick McNamara, 700 South Dixie Highway 103, West Palm Beach, FL 33401
- Signed the 990
- Patrick McNamara, CEO/President
- Phone
- (561) 833-6333
- Return prepared by
- Holyfield & Thomas LLC
Mission
Palm Health Foundation invests in bold, community-led solutions that improve health and well-being in Palm Beach County. (Continued on Schedule O)Established in 2001 from the sale of Good Samaritan and St. Mary's hospitals, the Foundation partners with residents, donors, and professional advisors to advance brain health, strengthen the healthcare workforce, and build thriving, resilient communities.Through strategic investments and partnerships, we address the social and environmental conditions that shape health and create opportunities for all residents to reach their full health potential.Through scholarships, capacity building, and systems-focused philanthropy, Palm Health Foundation drives innovation and lasting change.
Program accomplishments
- Palm Health Foundation deepened its investment in brain health innovation, community-led health solutions, and workforce development during FY2025.Through initiatives such as the Brain Coast Network and the Center for the Resilient Mind, the Foundation advanced research, education, and NeuroArts programming that strengthen mental well-being and cognitive resilience.The Foundation continued to build community resilience through Healthier Together, empowering local changemakers to address behavioral health, caregiving, (Continued on Schedule O)and the social and economic factors that influence health.To strengthen the health professions, Palm Health Foundation provided scholarships and workforce development support in nursing and behavioral health ensuring a skilled, compassionate pipeline for the region's future health needs.As the fiscal agent for BeWellPBC, the Foundation demonstrates its role as a convener of cross-sector partners, leveraging philanthropy to align systems, drive measurable impact, and promote a shared vision for brain health and community well-being.Key FY2025 investments included $1 million in Florida Atlantic University's (FAU) computational neuroscience program and commitment to launch FAU's Center for Resilient Mind.Expenses $4,976,091 · grants $2,790,422 · revenue $14,168
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
- 59-2391119
- 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
- 1984
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E11)
- Assets (IRS master file)
- $94,979,982
- Income (IRS master file)
- $100,978,107
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $9,779,641 | $5,949,342 | $94,979,982 | XML |
| 990 | June 2024 | $11,369,077 | $5,727,767 | $90,051,072 | XML |
| 990 | June 2023 | $1,993,608 | $5,097,890 | $85,858,257 | XML |
| 990 | June 2022 | $10,314,014 | $4,895,884 | $83,819,891 | IRS |
| 990 | 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 59-2391119).
Questions about PALM HEALTHCARE FOUNDATION INC
- What is the EIN of PALM HEALTHCARE FOUNDATION INC?
- The employer identification number (EIN) of PALM HEALTHCARE FOUNDATION INC is 59-2391119.
- Is PALM HEALTHCARE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to PALM HEALTHCARE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PALM HEALTHCARE 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 PALM HEALTHCARE 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 PALM HEALTHCARE 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 PALM HEALTHCARE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names Patrick McNamara.
- Who are the officers and directors of PALM HEALTHCARE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 17 people; 2 received compensation from the organization, the highest $319,979 (Patrick J McNamara LCSW, President & CEO).
- How much revenue does PALM HEALTHCARE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $9,779,641, expenses of $5,949,342 and total assets of $94,979,982 at year end.
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