Skip to content
Nonprofiteer
← ESTES PALMER FOUNDATION

Form 990 for tax year 2025

Filed by ESTES PALMER FOUNDATION.

Totals

Total revenue
$741,360
Total expenses
$410,024
Contributions and grants received
$0
Grants paid
$329,528
Program service revenue
$0
Investment income
$740,953
Other revenue
$407
Total assets, end of year
$8,129,952
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$8,129,952
Program services expenses (Part IX)
$329,528
Management and general expenses
$80,496
Fundraising expenses
$0
Program service expenses (Part III)
$329,528

Program services were 80.4% 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.

  • 3 · Investment income

    total $362,938 · excluded $362,938

  • 7a · Gross sales of assets other than inventory

    securities $1,799,079

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

    securities $1,421,064

  • 7c · Gain or loss

    securities $378,015

  • 7d · Net gain or loss

    total $378,015 · excluded $378,015

  • 11a · Other revenue: OTHER REVENUE

    total $407 · excluded $407

  • 11e · Other revenue, total

    $407

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $329,528 · program services $329,528

  • 5 · Compensation of officers, directors and key employees

    total $10,000 · management and general $10,000

  • 11b · Fees: legal

    total $9,463 · management and general $9,463

  • 11c · Fees: accounting

    total $5,325 · management and general $5,325

  • 11f · Fees: investment management

    total $50,158 · management and general $50,158

  • 13 · Office expenses

    total $25 · management and general $25

  • 19 · Conferences, conventions and meetings

    total $1,379 · management and general $1,379

  • 24a · Other expenses: TAXES

    total $4,146 · management and general $4,146

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $202,867 · end of year $80,817

  • 12 · Investments: other securities

    beginning of year $7,595,749 · end of year $8,049,135

  • 29 · Capital stock, trust principal or current funds

    beginning of year $7,798,616 · end of year $8,129,952

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2025

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO ADRIAN COLLEGE AND ASBURY THEOLOGICAL SEMINARY

  • GRANT - ADRIAN COLLEGE

    Expenses $164,764 · Grants $164,764

  • GRANT - ASBURY THEOLOGICAL SEMINARY

    Expenses $164,764 · Grants $164,764

As filed on the 2025 return.

Listed in Part VII

  • Lance R Lynch

    PRESIDENT

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Allison M Buege-Watson

    VICE PRESIDENT & SECRETARY

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Stephen Serkaian

    TREASURER

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jeremy Gough

    DIRECTOR

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mark J Deluca

    DIRECTOR

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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

  • ADRIAN COLLEGE

    $164,764

    TO PROVIDE SUPPORTED INSTITUTION WITH FUNDS FOR VARIOUS PROGRAM EXPENSES AND NEEDS

  • ASBURY THEOLOGICAL SEMINARY

    $164,764

    TO PROVIDE SUPPORTED INSTITUTION WITH FUNDS FOR VARIOUS PROGRAM EXPENSES AND NEEDS

Provenance

Return type
form_990
Tax year
2025
Filed
6 March 2026
IRS schema version
2025v4.0
Source object
202600729349301755

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.