Nonprofit · EIN 82-3956753
PALMS SCHOLARSHIP FUND
Tax-exempt · MCALLEN, TX 78501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $103,085 | $99,683 | $3,402 | $14,364 | – | $14,364 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $103,038
- Investment income
- $47
Expenses
- Compensation of officers, directors and key employees
- $0
- Printing, publications and postage
- $3,951
- Other expenses
- $95,732
- Program services (functional)
- $84,422
Balance sheet and other
- Total assets, start of year
- $10,962
- Total assets, end of year
- $14,364
- Total liabilities, end of year
- –
- Net assets, end of year
- $14,364
- Cash, savings and investments
- $14,364
- Gross receipts
- $103,085
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN GARZA | President | 10 | $0 |
| GILBERT ZEPEDA III | MEMBER | 5 | $0 |
| YAJAIRA FLORES | MEMBER | 5 | $0 |
| DEBBIE CRANE ALISEDA | MEMBER | 5 | $0 |
| OSCAR GARCIA | MEMBER | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 4110 CAMELLIA CT, MCALLEN, TX 78501-3412
- Mailing address (990-N for 2023)
- 3019 W ALBERTA RD, EDINBURG TX 78539
- Principal officer (990-N for 2023)
- JOHN R GARZA, 3019 W ALBERTA RD, EDINBURG TX 78539
- Signed the 990-EZ
- JOHN GARZA, President
- Return prepared by
- ABIGAIL Y MURRAY CPA LLC
Mission
THE PALMS SCHOLARSHIP FUND FOSTERS LOVE OF THE ARTS LOCALLY BY AWARDING RECOGNITION AND OFFERING SUPPORT TO HIGH SCHOOL THEATER COMMUNITY IN THE RIO GRANDE VALLEY.
Program accomplishments
- TO SUPPORT THE PERFORMING ARTS BY PROVIDING FINANCIAL ASSISTANCE THROUGH SCHOLARSHIPS TO STUDENTS PARTICIPATING IN ACCREDITED THEATER PROGRAMS.Expenses $84,422
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 82-3956753
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A65)
- Assets (IRS master file)
- $14,364
- Income (IRS master file)
- $103,085
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $103,085 | $99,683 | $14,364 | XML |
| 990-N for 2023 Officer: JOHN R GARZA | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: JOHN R GARZA | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: GILBERT PEDRAZA | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 82-3956753).
Questions about PALMS SCHOLARSHIP FUND
- What is the EIN of PALMS SCHOLARSHIP FUND?
- The employer identification number (EIN) of PALMS SCHOLARSHIP FUND is 82-3956753.
- Is PALMS SCHOLARSHIP FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to PALMS SCHOLARSHIP FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PALMS SCHOLARSHIP FUND 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 PALMS SCHOLARSHIP FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PALMS SCHOLARSHIP FUND last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of PALMS SCHOLARSHIP FUND?
- The 990-N for 2023 names JOHN R GARZA.
- Who are the officers and directors of PALMS SCHOLARSHIP FUND?
- The 990-EZ for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does PALMS SCHOLARSHIP FUND have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $103,085, expenses of $99,683 and total assets of $14,364 at year end.
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- VILLAGE IN THE VALLEY EIN 83-3455867 · last filed 990-EZ for 2025
- TROPICAL TRAIL REGION OF TEXAS EIN 42-1670341 · last filed 990-EZ for 2025
- SYNERGY INDOOR EIN 99-4372885 · last filed 990-EZ for 2025
All nonprofits in MCALLEN · Texas · Arts, culture and humanities