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Nonprofiteer
← ARNOLD & WINNIE PALMER FOUNDATION INC

Form 990 for tax year 2025

Filed by ARNOLD & WINNIE PALMER FOUNDATION INC.

Totals

Total revenue
$674,225
Total expenses
$689,715
Contributions and grants received
$515,022
Grants paid
$148,000
Program service revenue
$0
Investment income
$186,925
Other revenue
-$27,722
Total assets, end of year
$32,332,554
Total liabilities, end of year
$363,515
Net assets or fund balances, end of year
$31,969,039
Program services expenses (Part IX)
$290,478
Management and general expenses
$298,657
Fundraising expenses
$100,580
Program service expenses (Part III)
$290,478

Program services were 42.1% 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

    $136,000

  • 1f · All other contributions, gifts and grants

    $379,022

  • 3 · Investment income

    total $186,251 · excluded $186,251

  • 7a · Gross sales of assets other than inventory

    securities $984,370

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

    securities $983,696

  • 7c · Gain or loss

    securities $674

  • 7d · Net gain or loss

    total $674 · excluded $674

  • 8a · Fundraising events: gross income

    $64,000

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

    $136,000

  • 8b · Fundraising events: direct expenses

    $91,722

  • 8c · Net income from fundraising events

    total -$27,722 · excluded -$27,722

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $148,000 · program services $148,000

  • 5 · Compensation of officers, directors and key employees

    total $74,932 · program services $17,531 · management and general $21,137 · fundraising $36,264

  • 7 · Other salaries and wages

    total $101,853 · program services $47,484 · management and general $25,463 · fundraising $28,906

  • 11b · Fees: legal

    total $53,474 · management and general $53,474

  • 11c · Fees: accounting

    total $55,030 · management and general $55,030

  • 11d · Fees: lobbying

    total $15,000 · fundraising $15,000

  • 11f · Fees: investment management

    total $21,786 · management and general $21,786

  • 11g · Fees: other

    total $20,727 · management and general $20,727

  • 13 · Office expenses

    total $9,495 · management and general $9,495

  • 16 · Occupancy

    total $8,813 · management and general $8,813

  • 17 · Travel

    total $71,259 · management and general $71,259

  • 22 · Depreciation, depletion and amortization

    total $30,231 · program services $30,231

  • 23 · Insurance

    total $5,121 · management and general $5,121

  • 24a · Other expenses: LEGENDS PROPERTY LLC

    total $46,076 · program services $46,076

  • 24b · Other expenses: BANK FEES AND CREDIT CA

    total $11,753 · fundraising $11,753

  • 24c · Other expenses: GENERAL FUNDRAISING EXP

    total $8,657 · fundraising $8,657

  • 24d · Other expenses: MARKETING & COMMUNICATI

    total $6,352 · management and general $6,352

  • 24e · All other expenses

    total $1,156 · program services $1,156

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,005,336 · end of year $2,256,325

  • 3 · Pledges and grants receivable

    beginning of year $540,929 · end of year $475,460

  • 4 · Accounts receivable

    beginning of year $2,352,558 · end of year $246,622

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,787 · end of year $28,834

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

    $5,937,441

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

    $484,756

  • 10c · Land, buildings and equipment, net

    beginning of year $5,427,734 · end of year $5,452,685

  • 11 · Investments: publicly traded securities

    beginning of year $22,279,670 · end of year $23,637,878

  • 12 · Investments: other securities

    beginning of year $234,750 · end of year $234,750

  • 17 · Accounts payable and accrued expenses

    beginning of year $820,764 · end of year $363,515

  • 27 · Net assets without donor restrictions

    beginning of year $29,045,132 · end of year $29,952,298

  • 28 · Net assets with donor restrictions

    beginning of year $2,002,868 · end of year $2,016,741

Mission and programs · 2025

Mission

THE ORGANIZATION PROMOTES YOUTH CHARACTER DEVELOPMENT THROUGH GOLF, CHILDREN'S HEALTH AND ACCESS TO NATURE, WHILE ALSO PRESERVING, ENHANCING AND PROMOTING THE LEGACY OF ARNOLD PALMER IN GOLF AND AMERICAN HISTORY.

Activities or mission (Part I)

THE ORGANIZATION'S MISSION IS TO PROMOTE YOUTH CHARACTER DEVELOPMENT, CHILDREN'S HEALTH, ENVIRONMENTAL STEWARDSHIP AND WELL-BEING WHILE ALSO PRESERVING, ENHANCING AND PROMOTING THE LEGACY OF ARNOLD PALMER IN GOLF AND AMERICAN HISTORY AND SHARING IT WITH THE PUBLIC AS A PRACTICAL AND INSPIRATIONAL COMPONENT OF THE CHARITABLE AND EDUCATIONAL PILLARS OF THE FOUNDATION.

  • THE ORGANIZATION PROVIDES FINANCIAL SUPPORT TO INSTITUTIONS AND ORGANIZATIONS THAT PROMOTE YOUTH CHARACTER DEVELOPMENT, CHILDREN'S HEALTH, ENVIRONMENTAL STEWARDSHIP AND WELL-BEING WHILE ALSO PRESERVING, ENHANCING AND PROMOTING THE LEGACY OF ARNOLD PALMER IN GOLF AND AMERICAN HISTORY.

    Expenses $243,246 · Grants $148,000

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $1,156

  • THE ORGANIZATION IS COMMITTED TO MAINTAINING AND IMPROVING THE DONATED BUILDINGS AND LAND OF LEGENDS PROPERTY, INCLUDING BUT NOT LIMITED TO LATROBE COUNTRY CLUB, TO SHOWCASE THE PALMER LEGACY.

    Expenses $46,076

As filed on the 2025 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • AMY SAUNDERS

    BOARD CHAIR/PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • DAVID ROEMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WALT CONN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • AMY SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT L SAUNDERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • BRIAN BATTLES

    VP OF FINANCE

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • JASON PEEVY

    PRESIDENT

    Total calculated
    $0
    Hours/week
    40

  • KAREN KELLER

    SECRETARY

    Total calculated
    $0
    Hours/week
    40

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • LEGENDS PROPERTY LLC

    HOLDING ENTITY · PA · income $27,108 · assets $5,433,955

    Directly controlled by ARNOLD & WINNIE PALMER FOUNDATION INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • LATROBE COUNTRY CLUB INC

    S · RECREATION/COUNTRY CLUB · PA · 100% owned · share of income -$129,329 · share of assets $1,611,539 · controlled entity

    Directly controlled by ARNOLD & WINNIE PALMER FOUNDATION INC

Provenance

Return type
form_990
Tax year
2025
IRS schema version
2025v4.2
Source object
202632269349301018

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