Nonprofit · EIN 65-1050806
PAUL PALANK MEMORIAL FOUNDATION INC
Tax-exempt · FT LAUDERDALE, FL 33308
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2023 | 990-PF | $662,482 | $705,729 | -$43,247 | $9,030,560 | $50,000 | $8,980,560 |
Financial details: 990-PF for the year ended October 31, 2023
Revenue
- Dividends
- $264,966
- Net gain from sales of assets
- $397,516
Expenses
- Grants and similar amounts paid
- $575,000
- Compensation of officers, directors and key employees
- $75,000
- Disbursements for charitable purposes
- $643,910
- Excise tax on investment income
- $8,401
Balance sheet and other
- Total assets, start of year
- $9,024,057
- Total assets, end of year
- $9,030,560
- Total liabilities, end of year
- $50,000
- Net assets, end of year
- $8,980,560
- Fair market value of assets
- $10,444,510
- Qualifying distributions
- $643,910
- Net investment income
- $662,482
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 October 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANGELICA PALANK 70 BAY COLONY LANE, FT LAUDERDALE, FL 33308 | DIRECTOR | 20 | $50,000 |
| LISA STAMP 1021 NW 89TH TERRACE, PEMBROKE PINES, FL 33024 | DIRECTOR | 5 | $15,000 |
| ANNE ROTHE 275 GLENRIDGE ROAD, KEY BISCAYNE, FL 33149 | DIRECTOR | 5 | $10,000 |
Address and contacts
- Address (IRS master file)
- 70 BAY COLONY LN, FT LAUDERDALE, FL 33308-2004
- Signed the 990-PF
- ANGELICA PALANK, DIRECTOR
- Phone
- (954) 442-2638
- Website
- WWW.PALANKFOUNDATION.ORG
- Return prepared by
- EISNER ADVISORY GROUP LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in October, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | October 31, 2025 | March 16, 2026 | Not on file |
| 2023 | October 31, 2024 | March 17, 2025 | Not on file |
| 2022 | October 31, 2023 | March 15, 2024 | 990-PF on file |
IRS record
- EIN
- 65-1050806
- 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
- 2000
- Accounting year ends
- October
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $9,030,560
- Income (IRS master file)
- $1,325,475
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | October 2023 | $662,482 | $705,729 | $9,030,560 | XML |
| 990-PF | October 2022 | – | – | – | IRS |
| 990-PF | October 2021 | – | – | – | IRS |
| 990-PF | October 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 65-1050806).
Questions about PAUL PALANK MEMORIAL FOUNDATION INC
- What is the EIN of PAUL PALANK MEMORIAL FOUNDATION INC?
- The employer identification number (EIN) of PAUL PALANK MEMORIAL FOUNDATION INC is 65-1050806.
- Is PAUL PALANK MEMORIAL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to PAUL PALANK MEMORIAL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PAUL PALANK MEMORIAL FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PAUL PALANK MEMORIAL FOUNDATION INC due?
- The return for tax year 2024 (the year ending October 31, 2025) is due March 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PAUL PALANK MEMORIAL FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended October 2023.
- Who are the officers and directors of PAUL PALANK MEMORIAL FOUNDATION INC?
- The 990-PF for the year ended October 31, 2023 lists 3 people; 3 received compensation from the organization, the highest $50,000 (ANGELICA PALANK, DIRECTOR).
- How much revenue does PAUL PALANK MEMORIAL FOUNDATION INC have?
- On its 990-PF for the year ended October 31, 2023 it reported revenue of $662,482, expenses of $705,729 and total assets of $9,030,560 at year end.
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