Civic Intelligence

Estes Palmer Foundation

990 • Fiscal year 2023 • EIN 38-6258410

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 19, 2024

Organization ProfileN/A
6400 Heathfield DrEast Lansing, MI 48823

(517) 896-0061

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

22nd percentile

-9.3%

Higher net margin than 22% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

22nd percentile

$2,000

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

31st percentile

-0.4%

Faster asset growth than 31% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

85th percentile

49%

Faster revenue growth than 85% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets8th percentile

Assets

Down

$7,594,539

Down $30,815 (-0.4%) from 2022

Net Assets

Down

$7,594,539

Down $30,815 (-0.4%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue8th percentileNet Margin22nd percentile

Revenue

Up

$329,720

Up $108,686 (+49%) from 2022

Expenses

Down

$360,535

Down $221,242 (-38%) from 2022

Net Income

Up

-$30,815

Up $329,928 (+91%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2011: $6,718,371Liabilities 2011: $0Net Assets 2011: $6,718,3712011Assets 2012: $5,858,316Liabilities 2012: $0Net Assets 2012: $5,858,3162012Assets 2013: $5,131,049Liabilities 2013: $0Net Assets 2013: $5,131,0492013Assets 2014: $6,673,436Liabilities 2014: $0Net Assets 2014: $6,673,4362014Assets 2015: $6,635,502Liabilities 2015: $0Net Assets 2015: $6,635,5022015Assets 2016: $6,848,915Liabilities 2016: $0Net Assets 2016: $6,848,9152016Assets 2017: $7,159,274Liabilities 2017: $0Net Assets 2017: $7,159,2742017Assets 2018: $7,348,944Liabilities 2018: $0Net Assets 2018: $7,348,9442018Assets 2019: $7,488,021Liabilities 2019: $0Net Assets 2019: $7,488,0212019Assets 2020: $7,380,645Liabilities 2020: $0Net Assets 2020: $7,380,6452020Assets 2021: $7,986,097Liabilities 2021: $0Net Assets 2021: $7,986,0972021Assets 2022: $7,625,354Liabilities 2022: $0Net Assets 2022: $7,625,3542022Assets 2023: $7,594,539Liabilities 2023: $0Net Assets 2023: $7,594,5392023Assets 2024: $7,798,616Liabilities 2024: $0Net Assets 2024: $7,798,6162024Assets 2025: $8,129,952Liabilities 2025: $0Net Assets 2025: $8,129,9522025

Highlighted filing

2023

Assets$7,594,539
Liabilities$0
Net Assets$7,594,539
Open 2023 Filing

Operations Trend

Revenue Growth85th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2011: $454,321Expenses 2011: $334,914Net Income 2011: $119,4072011Revenue 2012: $565,538Expenses 2012: $1,425,173Net Income 2012: -$859,6352012Revenue 2013: $538,445Expenses 2013: $1,265,821Net Income 2013: -$727,3762013Revenue 2014: $1,795,440Expenses 2014: $253,056Net Income 2014: $1,542,3842014Revenue 2015: $275,083Expenses 2015: $315,312Net Income 2015: -$40,2292015Revenue 2016: $524,478Expenses 2016: $307,936Net Income 2016: $216,5422016Revenue 2017: $616,846Expenses 2017: $305,530Net Income 2017: $311,3162017Revenue 2018: $531,077Expenses 2018: $324,530Net Income 2018: $206,5472018Revenue 2019: $554,745Expenses 2019: $415,668Net Income 2019: $139,0772019Revenue 2020: $249,049Expenses 2020: $340,136Net Income 2020: -$91,0872020Revenue 2021: $997,774Expenses 2021: $371,027Net Income 2021: $626,7472021Revenue 2022: $221,034Expenses 2022: $581,777Net Income 2022: -$360,7432022Revenue 2023: $329,720Expenses 2023: $360,535Net Income 2023: -$30,8152023Revenue 2024: $584,940Expenses 2024: $380,863Net Income 2024: $204,0772024Revenue 2025: $741,360Expenses 2025: $410,024Net Income 2025: $331,3362025

Highlighted filing

2023

Revenue$329,720
Expenses$360,535
Net Income-$30,815
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 19, 2024
Return Version
2023v5.0
Gross Receipts
$3,186,066
Mission and Program Overview

Mission

To provide financial assistance to adrian college and asbury theological seminary.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$7,625,354$7,594,539▼ $30,815
Investments Other Securities$7,340,509$7,463,722▲ $123,213
Savings and Temporary Cash Investments$284,845$130,817▼ $154,028
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$7,625,354$7,594,539▼ $30,815
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,625,354$7,594,539▼ $30,815
Total Liabilities and Net Assets / Fund Balance$7,625,354$7,594,539▼ $30,815

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$50,619--
Financial Derivatives$1,430,878--
Compensation and Service Providers
Top Officer Pay22nd percentile

Employees

NameTitleBaseTotal
Allison M Buege WatsonVice President & Secretary$2,000$2,000
Jeremy GoughDirector$2,000$2,000
Lance R LynchPresident$2,000$2,000
Mark J DelucaDirector$2,000$2,000
Stephen SerkaianTreasurer$2,000$2,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$329,720
Other Revenue
$0
Change in Net Assets
$-30,815
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$274,602
Other Expenses$75,933
Salaries, Compensation, and Employee Benefits$10,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$274,602--$274,602
Fees for Service Investment Mgmnt Fees-$41,577-$41,577
Fees for Services Legal-$15,070-$15,070
Office Expenses-$10,580-$10,580
Current Officers, Directors, Trustees, and Key Employees-$10,000-$10,000
Other Expenses-$3,283-$3,283
Fees for Services Accounting-$2,700-$2,700
Insurance-$1,527-$1,527
Travel-$1,196-$1,196
Total Functional Expenses$274,602$85,933$0$360,535
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Adrian CollegeAdrian, MI501(c)(3)To Assist With College Expenses$137,301
Asbury Theologial SeminaryWilmore, KY501(c)(3)To Assist With College Expenses$137,301
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The 990 is received and reviewed for accuracy by the board of directors. Upon their approval, the 990 is submitted to the irs.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy is reviewed annually by the board of directors and officers. All directors and officers are required to disclose any conflicts of interest and to notify the board of any conflicts that may arise throughout the year.”

Form 990, Part VI, Section B, Line 15B

“The estes-palmer foundation board of director compensation was reviewed and revised based on comparable data following an inquiry from the michigan attorney general and such compensation has not been changed since then. Going forward, the estes-palmer foundation will follow its formal compensation policy adopted by the board of directors.”

Form 990, Part VI, Section C, Line 19

“All information is available upon request. Form 990 is also posted annually on guidestar's website.”

Filing and Contact Details

Filer

Filer Name
Estes Palmer Foundation
EIN
38-6258410
Phone
5178960061
Address
6400 HEATHFIELD DR, EAST LANSING, MI 48823

Signing Officer

Name
Allison Buege-watson
Title
Vice President
Phone
5178960061
Signed
2024-03-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Allison Buege-watson
Formed
1972
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Plante & Moran Pllc
Address
2601 CAMBRIDGE CT STE 300, AUBURN HILLS, MI 48326
Preparer
Samantha L Becker
Phone
2483757100
Raw XML AppendixShowing 400 of 467 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/DistributionsGrp/CYDistriAttentiveSuprtOrgAmt0274602
IRS990ScheduleA/DistributionsGrp/CYDistributableAsAdjustedAmt0274602
IRS990ScheduleA/DistributionsGrp/CYDistributionYrRt0100.000000000000
IRS990ScheduleA/DistributionsGrp/CYOtherDistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYPaidAccomplishExemptPrpsAmt0274602
IRS990ScheduleA/DistributionsGrp/CYPdInExcessIncomeActivityAmt00
IRS990ScheduleA/DistributionsGrp/CYTotalAnnualDistributionsAmt0311250
IRS990ScheduleA/DistributionsGrp/ExemptUseAssetsAcquisPaidAmt00
IRS990ScheduleA/DistributionsGrp/QualifiedSetAsideAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE OFFICERS AND DIRECTORS OF THE ESTES-PALMER FOUNDATION MAINTAIN A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH REPRESENTATIVES OF ADRIAN COLLEGE AND REPRESENTATIVES OF ASBURY THEOLOGICAL SEMINARY. REPRESENTATIVES OF ADRIAN COLLEGE AND ASBURY THEOLOGICAL SEMINARY (I) ATTEND BOARD MEETINGS OF THE ESTES-PALMER FOUNDATION THROUGHOUT THE YEAR; (II) COMMUNICATE WITH OFFICERS AND DIRECTORS OF THE ESTES-PALMER FOUNDATION; (III) HAVE ACCESS TO FINANCIAL INFORMATION OF THE ESTES-PALMER FOUNDATION; (IV) RECEIVE FINANCIAL UPDATES AT BOARD MEETINGS OF THE ESTES-PALMER FOUNDATION; (V) SUBMIT SPECIFIC DISTRIBUTION REQUESTS TO THE ESTES-PALMER FOUNDATION BOARD OF DIRECTORS ANNUALLY; (VI) ARE PROVIDED WITH A COPY OF THE IRS FORM 990 FOR THE ESTES-PALMER FOUNDATION; AND (VII) HAVE ACCESS TO ORGANIZATIONAL DOCUMENTS OF THE ESTES-PALMER FOUNDATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE ESTES-PALMER FOUNDATION BOARD OF DIRECTORS REGULARLY COMMUNICATES WITH A REPRESENTATIVE OF ADRIAN COLLEGE AND A REPRESENTATIVE OF ASBURY THEOLOGICAL SEMINARY REGARDING THE ESTES-PALMER FOUNDATION'S INVESTMENTS AND PLANS FOR DISTRIBUTIONS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2THE ESTES-PALMER FOUNDATION IS RESPONSIVE TO ADRIAN COLLEGE BECAUSE: (I) THE ESTES-PALMER FOUNDATION BOARD OF DIRECTORS AND A REPRESENTATIVE OF ADRIAN COLLEGE HAVE FACE-TO-FACE OR TELEPHONIC MEETINGS FOUR OR MORE TIMES PER YEAR TO DISCUSS ADRIAN COLLEGE'S PROJECTED NEEDS AND WAYS TO USE THE ESTES-PALMER FOUNDATION'S INCOME AND PRINCIPAL AND INVEST THE FOUNDATION'S ASSETS; (II) THE ESTES-PALMER FOUNDATION BOARD OF DIRECTORS REGULARLY COMMUNICATES WITH A REPRESENTATIVE OF ADRIAN COLLEGE REGARDING THE ESTES-PALMER FOUNDATION'S INVESTMENTS AND PLANS FOR DISTRIBUTIONS; AND (III) THE ESTES-PALMER FOUNDATION PROVIDES A REPRESENTATIVE OF ADRIAN COLLEGE WITH ANNUAL INVESTMENT ACCOUNT STATEMENTS FOR THE FOUNDATION, AS WELL AS A COPY OF THE FOUNDATION'S IRS FORM 990. BASED ON A CONSIDERATION OF ALL PERTINENT FACTORS, ADRIAN COLLEGE IS ATTENTIVE TO THE ESTES-PALMER FOUNDATION. THESE FACTORS INCLUDE, BUT ARE NOT LIMITED TO, THE FOLLOWING: (I) ADRIAN COLLEGE IS ONE OF ONLY TWO ORGANIZATIONS THAT THE ESTES-PALMER FOUNDATION SUPPORTS; (II) THE ESTES-PALMER FOUNDATION HAS SUPPORTED ADRIAN COLLEGE SINCE THE ESTES-PALMER FOUNDATION WAS INCORPORATED IN 1972 (FOR MORE THAN 50 YEARS); (III) A PROMINENT BUILDING ON ADRIAN COLLEGE'S CAMPUS IS NAMED AFTER FLOYD ESTES FOR WHOM THE ESTES-PALMER FOUNDATION IS NAMED; (IV) A REPRESENTATIVE OF ADRIAN COLLEGE ATTENDS BOARD MEETINGS OF THE ESTES-PALMER FOUNDATION; (V) A REPRESENTATIVE OF ADRIAN COLLEGE REGULARLY COMMUNICATES WITH THE OFFICERS AND DIRECTORS OF THE ESTES-PALMER FOUNDATION; AND (VI) ADRIAN COLLEGE REQUESTS DISTRIBUTIONS FROM THE ESTES-PALMER FOUNDATION ANNUALLY. THE ESTES-PALMER FOUNDATION IS RESPONSIVE TO ASBURY THEOLOGICAL SEMINARY BECAUSE: (I) THE ESTES-PALMER FOUNDATION BOARD OF DIRECTORS AND A REPRESENTATIVE OF ASBURY THEOLOGICAL SEMINARY HAVE FACE-TO-FACE OR TELEPHONIC MEETINGS FOUR OR MORE TIMES PER YEAR TO DISCUSS ASBURY THEOLOGICAL SEMINARY'S PROJECTED NEEDS AND WAYS TO USE THE ESTES-PALMER FOUNDATION'S INCOME AND PRINCIPAL AND INVEST THE FOUNDATION'S ASSETS; (II) THE ESTES-PALMER FOUNDATION BOARD OF DIRECTORS REGULARLY COMMUNICATES WITH A REPRESENTATIVE OF ASBURY THEOLOGICAL SEMINARY REGARDING THE ESTES-PALMER FOUNDATION'S INVESTMENTS AND PLANS FOR DISTRIBUTIONS; AND (III) THE ASBURY THEOLOGICAL SEMINARY PROVIDES A REPRESENTATIVE OF ASBURY THEOLOGICAL SEMINARY WITH ANNUAL INVESTMENT ACCOUNT STATEMENTS FOR THE FOUNDATION, AS WELL AS A COPY OF THE FOUNDATION'S IRS FORM 990. BASED ON A CONSIDERATION OF ALL PERTINENT FACTORS, ASBURY THEOLOGICAL SEMINARY IS ATTENTIVE TO THE ESTES-PALMER FOUNDATION. THESE FACTORS INCLUDE, BUT ARE NOT LIMITED TO, THE FOLLOWING: (I) ASBURY THEOLOGICAL SEMINARY IS ONE OF ONLY TWO ORGANIZATIONS THAT THE ESTES-PALMER FOUNDATION SUPPORTS; (II) THE ESTES-PALMER FOUNDATION HAS SUPPORTED ASBURY THEOLOGICAL SEMINARY SINCE THE ESTES-PALMER FOUNDATION WAS INCORPORATED IN 1972 (FOR MORE THAN 50 YEARS); (III) A PROMINENT BUILDING ON ASBURY THEOLOGICAL SEMINARY'S CAMPUS IS NAMED AFTER FLOYD ESTES FOR WHOM THE ESTES-PALMER FOUNDATION IS NAMED; (IV) A REPRESENTATIVE OF ASBURY THEOLOGICAL SEMINARY ATTENDS BOARD MEETINGS OF THE ESTES-PALMER FOUNDATION; (V) A REPRESENTATIVE OF ASBURY THEOLOGICAL SEMINARY REGULARLY COMMUNICATES WITH THE OFFICERS AND DIRECTORS OF THE ESTES-PALMER FOUNDATION; AND (VI) ASBURY THEOLOGICAL SEMINARY REQUESTS DISTRIBUTIONS FROM THE ESTES-PALMER FOUNDATION ANNUALLY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION D, LINE 2
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION D, LINE 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART V, SECTION D, LINE 8
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/CurrentYearAmt08859629
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/PriorYearAmt07965253
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/CurrentYearAmt0132894
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/PriorYearAmt0119479
IRS990ScheduleA/MinimumAssetAmountGrp/DiscountClaimedAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/CurrentYearAmt08859629
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/PriorYearAmt07965253
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/CurrentYearAmt08726735
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/PriorYearAmt07845774
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/CurrentYearAmt0305436
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/PriorYearAmt0274602
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/CurrentYearAmt08859629
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/PriorYearAmt07965253
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/CurrentYearAmt0305436
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/PriorYearAmt0274602
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt02
IRS990ScheduleA/SupportedOrganizationsTotalCnt02
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0381357980
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1610445823
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd11
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd12
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0137301
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt1137301
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ADRIAN COLLEGE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1ASBURY THEOLOGICAL SEMINARY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
IRS990ScheduleA/SupportSumAmt0274602
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/FinancialDerivativesGrp/BookValueAmt01430878
IRS990ScheduleD/FinancialDerivativesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03292809
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt12689416
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt250619
IRS990ScheduleD/OtherSecuritiesGrp/Desc0PNC INSTITUTIONAL EQUITY SECURITIES PORTFOLIO
IRS990ScheduleD/OtherSecuritiesGrp/Desc1PNC INSTITUTIONAL MUTUAL FUNDS FIXED INCOME
IRS990ScheduleD/OtherSecuritiesGrp/Desc2PNC INSTITUTIONAL EQUITIES
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt07463722
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0137301
IRS990ScheduleI/RecipientTable/CashGrantAmt1137301
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc1N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO ASSIST WITH COLLEGE EXPENSES
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1TO ASSIST WITH COLLEGE EXPENSES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ADRIAN COLLEGE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1ASBURY THEOLOGIAL SEMINARY
IRS990ScheduleI/RecipientTable/RecipientEIN0381357980
IRS990ScheduleI/RecipientTable/RecipientEIN1610445823
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0110 S MADISON
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1204 N LEXINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ADRIAN
IRS990ScheduleI/RecipientTable/USAddress/CityNm1WILMORE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1KY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd049221
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd140390
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1N/A
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS OF THE ESTES-PALMER FOUNDATION REGULARLY REVIEWS AND MONITORS AWARDED GRANTS THROUGH WRITTEN PROPOSALS AND CORRESPONDENCE WITH THE TWO EDUCATIONAL INSTITUTION GRANT RECIPIENTS (ADRIAN COLLEGE AND ASBURY THEOLOGICAL SEMINARY).
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS RECEIVED AND REVIEWED FOR ACCURACY BY THE BOARD OF DIRECTORS. UPON THEIR APPROVAL, THE 990 IS SUBMITTED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS AND OFFICERS. ALL DIRECTORS AND OFFICERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST AND TO NOTIFY THE BOARD OF ANY CONFLICTS THAT MAY ARISE THROUGHOUT THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ESTES-PALMER FOUNDATION BOARD OF DIRECTOR COMPENSATION WAS REVIEWED AND REVISED BASED ON COMPARABLE DATA FOLLOWING AN INQUIRY FROM THE MICHIGAN ATTORNEY GENERAL AND SUCH COMPENSATION HAS NOT BEEN CHANGED SINCE THEN. GOING FORWARD, THE ESTES-PALMER FOUNDATION WILL FOLLOW ITS FORMAL COMPENSATION POLICY ADOPTED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL INFORMATION IS AVAILABLE UPON REQUEST. FORM 990 IS ALSO POSTED ANNUALLY ON GUIDESTAR'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07625354
IRS990/TotalAssetsEOYAmt07594539
IRS990/TotalAssetsGrp/BOYAmt07625354
IRS990/TotalAssetsGrp/EOYAmt07594539
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt085933
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0274602

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,594,539
Liabilities
$0
Net assets
$7,594,539
Revenue
$329,720
Expenses
$360,535
Net income
-$30,815
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.13$0.00$8.13$0.74$0.41$0.33
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.80$0.00$7.80$0.58$0.38$0.20
2023Detailed filing. Detailed filing data is available for this year.$7.59$0.00$7.59$0.33$0.36$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.63$0.00$7.63$0.22$0.58$0.36
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.99$0.00$7.99$1.00$0.37$0.63
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.38$0.00$7.38$0.25$0.34$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.49$0.00$7.49$0.55$0.42$0.14
2018Summary only. Only limited summary data is available for this year.$7.35$0.00$7.35$0.53$0.32$0.21
2017Summary only. Only limited summary data is available for this year.$7.16$0.00$7.16$0.62$0.31$0.31
2016Summary only. Only limited summary data is available for this year.$6.85$0.00$6.85$0.52$0.31$0.22
2015Summary only. Only limited summary data is available for this year.$6.64$0.00$6.64$0.28$0.32$0.04
2014Summary only. Only limited summary data is available for this year.$6.67$0.00$6.67$1.80$0.25$1.54
2013Summary only. Only limited summary data is available for this year.$5.13$0.00$5.13$0.54$1.27$0.73
2012Summary only. Only limited summary data is available for this year.$5.86$0.00$5.86$0.57$1.43$0.86
2011Summary only. Only limited summary data is available for this year.$6.72$0.00$6.72$0.45$0.33$0.12