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← PALMER MEMORIAL FOUNDATION

Form 990 for tax year 2023

Filed by PALMER MEMORIAL FOUNDATION.

What the amendment changed

Compared with the return it replaced , filed 14 August 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$411,691 changed to $154,247
Total expenses
$18,401 changed to $75,674
Contributions and grants received
$398,174 changed to $64,750
Grants paid
$5,595 changed to $43,591
Investment income
$5,216 changed to $80,478
Other revenue
$8,301 changed to $9,019
Total assets, end of year
$1,112,821 changed to $1,189,732
Total liabilities, end of year
$5,222 changed to $3,560
Net assets or fund balances, end of year
$1,107,599 changed to $1,186,172
Program services expenses
$13,047 changed to $63,930
Management and general expenses
$5,354 changed to $11,744
Program service expenses (Part III)
$13,047 changed to $63,930

Listed only on the earlier return

  • Carol Katsumes
  • Cathy Harris
  • Christal Gamm
  • Keith Kovarik
  • Lynn Lauer

Listed only on the later return

  • Anne Britt

Totals

Total revenue
$154,247
Total expenses
$75,674
Contributions and grants received
$64,750
Grants paid
$43,591
Program service revenue
$0
Investment income
$80,478
Other revenue
$9,019
Total assets, end of year
$1,189,732
Total liabilities, end of year
$3,560
Net assets or fund balances, end of year
$1,186,172
Program services expenses (Part IX)
$63,930
Management and general expenses
$11,744
Fundraising expenses
$0
Program service expenses (Part III)
$63,930

Program services were 84.5% 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

    $13,590

  • 1f · All other contributions, gifts and grants

    $51,160

  • 1g · Noncash contributions included above

    $8,000

  • 3 · Investment income

    total $1,565 · excluded $1,565

  • 7a · Gross sales of assets other than inventory

    securities $78,913

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

    securities $0

  • 7c · Gain or loss

    securities $78,913

  • 7d · Net gain or loss

    total $78,913 · excluded $78,913

  • 8a · Fundraising events: gross income

    $2,460

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

    $13,590

  • 8b · Fundraising events: direct expenses

    $7,544

  • 8c · Net income from fundraising events

    total -$5,084 · excluded -$5,084

  • 11d · All other revenue

    total $14,103 · excluded $14,103

  • 11e · Other revenue, total

    $14,103

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $43,591 · program services $43,591

  • 13 · Office expenses

    total $11,744 · management and general $11,744

  • 24a · Other expenses: EMPLOYEE RECOGNITION

    total $10,555 · program services $10,555

  • 24b · Other expenses: COMMUNITY OUTREACH

    total $7,700 · program services $7,700

  • 24c · Other expenses: FUND REQUEST

    total $2,084 · program services $2,084

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $518,302 · end of year $516,300

  • 11 · Investments: publicly traded securities

    beginning of year $594,519 · end of year $673,432

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,222 · end of year $3,560

  • 27 · Net assets without donor restrictions

    beginning of year $1,107,599 · end of year $1,186,172

Mission and programs · 2023

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 2024, 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, A PATIO AND FURNITURE FOR EMPLOYEES AND PATIENTS TO UTILIZE, AND SUPPLIES FOR A TEDDY BEAR CLINIC.

    Expenses $63,930 · Grants $43,591

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tanya Rohwer

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Matt Cowley

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Tina Jacobs

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Patrice Kuennen

    ADMINISTRATOR

    Total calculated
    $0
    Hours/week
    2

  • Abby Ambroson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Clint Ambroson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Anne Britt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Derek Heins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cyndii Lamphier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Betsy Nefzger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Vic Pavlovec

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jamie Hoey

    FOUNDATION DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brenda Moser

    FINANCE ADMINISTRATOR

    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
2023
Filed
13 August 2025
IRS schema version
2023v6.0
Source object
202522259349302452

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