Skip to content
Nonprofiteer
← PALMER MEMORIAL FOUNDATION

Form 990 for tax year 2024

Filed by PALMER MEMORIAL FOUNDATION.

Totals

Total revenue
$256,651
Total expenses
$70,384
Contributions and grants received
$201,860
Grants paid
$14,503
Program service revenue
$0
Investment income
$44,166
Other revenue
$10,625
Total assets, end of year
$1,392,318
Total liabilities, end of year
$19,879
Net assets or fund balances, end of year
$1,372,439
Program services expenses (Part IX)
$56,271
Management and general expenses
$14,113
Fundraising expenses
$0
Program service expenses (Part III)
$56,271

Program services were 79.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $15,210

  • 1f · All other contributions, gifts and grants

    $186,650

  • 1g · Noncash contributions included above

    $10,980

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,706 · excluded $1,706

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $42,460 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $42,460 · other assets $0

  • 7d · Net gain or loss

    total $42,460 · excluded $42,460

  • 8a · Fundraising events: gross income

    $25,676

  • 8a · Fundraising events: contributions included on line 1c

    $15,210

  • 8b · Fundraising events: direct expenses

    $15,051

  • 8c · Net income from fundraising events

    total $10,625 · excluded $10,625

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $14,503 · program services $14,503

  • 11c · Fees: accounting

    total $2,200 · management and general $2,200

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $9,155 · management and general $9,155

  • 14 · Information technology

    total $2,758 · management and general $2,758

  • 24a · Other expenses: EMPLOYEE RECOGNITION

    total $15,102 · program services $15,102

  • 24b · Other expenses: COMMUNITY OUTREACH

    total $14,705 · program services $14,705

  • 24c · Other expenses: FUND REQUEST

    total $11,961 · program services $11,961

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $516,300 · end of year $676,426

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $673,432 · end of year $715,892

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,560 · end of year $19,879

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,186,172 · end of year $1,372,439

Mission and programs · 2024

Mission

PALMER MEMORIAL FOUNDATION'S MISSION IS TO FUND THE HEALTHCARE NEEDS OF OUR COMMUNITY THAT ADVANCE HEALTH AND WELL-BEING IN OUR SERVICE AREA THROUGH PARTICIPATION AND ORGANIZATION OF SUCH ACTIVITIES DESIGNATED TO PROMOTE HEALTH INITIATIVES. THIS MISSION WILL BE DONE WITH THE FOLLOWING VALUES IN THE FOREFRONT: COMPASSION, SUPPORT, GENEROSITY, GROWTH, INTEGRITY.

Activities or mission (Part I)

TO FUND THE HEALTHCARE NEEDS OF OUR COMMUNITY THAT ADVANCE HEALTH AND WELL-BEING IN OUR SERVICE AREA

  • PALMER MEMORIAL FOUNDATION WAS ESTABLISHED IN 1975 AS A NON-PROFIT ORGANIZATION WHOSE SOLE OBJECTIVE AND PURPOSE IS TO FUND THE HEALTHCARE NEEDS OF NORTHEAST IOWA. OVER THE YEARS, GIFTS LARGE AND SMALL HAVE ASSISTED THE FOUNDATION IN PROVIDING NEW TECHNOLOGY, EDUCATION, SERVICES AND PROGRAMS TO THE COMMUNITY AND PALMER LUTHERAN HEALTH CENTER. DURING 2025, PALMER MEMORIAL FOUNDATION GRANTED FUNDS FOR THE FOLLOWING ITEMS: CARDIAC REHAB MONITOR, BOOKS AND VARIOUS SUPPLIES FOR HOSPICE PATIENTS, A DONOR BOARD, BEREAVEMENT GIFTS FOR HOSPICE FAMILIES, WAITING ROOM CHAIRS, MEALS FOR OB PATIENT FAMILIES, BEREAVEMENT GIFTS FOR HOSPICE FAMILIES, MEALS FOR OB PATIENT FAMILIES, CANCER AWARENESS ITEMS AND SUPPLIES FOR A TEDDY BEAR CLINIC.

    Expenses $56,271 · Grants $14,503

As filed on the 2024 return.

Listed in Part VII

  • MATT COWLEY

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • TANYA ROHWER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • TINA JACOBS

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • ABBY AMBROSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ANNE BRITT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BETSY NEFZGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CLINT AMBROSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CYNDII LAMPHIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DEREK HEINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PATRICE KUENNEN

    ADMINISTRATOR

    Total calculated
    $0
    Hours/week
    2

  • VIC PAVLOVEC

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BRENDA MOSER

    FINANCE ADMINISTRATOR

    Total calculated
    $0
    Hours/week
    2

  • JAMIE HOEY

    FOUNDATION DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
13 August 2026
IRS schema version
2024v5.1
Source object
202642259349302589

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.