Skip to content
Nonprofiteer
← All organizations

PALMA SCHOOL FOUNDATION

EIN 46-4896381 SALINAS, CA

Revenue 2024
$2,592,664
Expenses 2024
$2,253,611

Program services were 96.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
B12
Classification
1200
Street
1418 S MAIN ST STE 203

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

4 other organizations in the IRS Business Master File list the same street address. matched by us

This address is a suite or unit (STE 203). Organizations that share one are often clients of the same office-services firm, accountant or registered agent rather than related to each other.

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2024

Mission

THE MISSION OF THE PALMA SCHOOL FOUNDATION IS TO FINANCIALLY SUPPORT THE EDUCATIONAL PROGRAMS AND MISSION OF PALMA SCHOOL FOR THE BENEFIT OF ITS STUDENTS AND COMMUNITY CONSISTENT WITH THE SCHOOLS MISSION TO PROVIDE YOUNG MEN AN EXCELLENT COLLEGE PREPARATIORY EDUCATION IN A ROMAN CATHOLIC ENVIRONMENT THAT EMBRACES THE ESSENTIAL ELEMENTS OF AN EDMUND RICE CHRISTIAN BROTHER EDUCATION AND CHALLENGES EACH INDIVIDUAL TO DEVELOP SPIRITUALLY, INTELLECTUALLY, MORALLY, PHYSICALLY, AND SOCIALLY.

Activities or mission (Part I)

THE MISSION OF THE PALMA SCHOOL FOUNDATION IS TO FINANCIALLY SUPPORT THE EDUCATIONAL PROGRAMS AND MISSION OF PALMA SCHOOL FOR THE BENEFIT OF ITS STUDENTS AND COMMUNITY.

  • PALMA SCHOOL SUBMITS GRANT APPLICATIONS FOR FUNDS FROM THE FOUNDATIONS FOR SPECIFIC PROGRAMS, THE TUITION ASSISTANCE FUND, FACILITIES AND OTHER USES. THE FOUNDATION BOARD MEETS TO REVIEW THE GRANT APPLICATION TO DETERMINE WHETHER THE FUNDS WILL BE USED CONSISTENT WITH THE SCHOOL'S BUDGET AND WITH THE FOUNDATION'S GRANTING GUIDELINES.

    Expenses $2,181,789 · Grants $2,181,088

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Matthew Ottone

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • John Mazzei

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • John McCarthy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amy Haas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kim Costa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Clifton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gina Cochetti

    TREASURER

    Total calculated
    $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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $2,592,664
    Expenses
    $2,253,611
    Contributions
    $2,466,231
    Grants paid
    $2,181,088
  • 2023
    Revenue
    $292,145
    Expenses
    $110,227
    Contributions
    $292,145
    Grants paid
    $1,551
  • 2022
    Revenue
    $587,205
    Expenses
    $21,388
    Contributions
    $587,205
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $518,759
    Expenses
    $65,821
    Assets (EOY)
    $1,741,786

  • 2020 · 990

    Revenue
    $1,288,566
    Expenses
    $2,368
    Assets (EOY)
    $1,287,548

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Form 990-N e-Postcard, tax year 2019

Tax period
1 January 2019 to 31 December 2019
Principal officer
Matthew Ottone
Mailing address
295 Main Street Suite 600Salinas CA 93901

As filed, from the IRS e-Postcard file of 26 October 2026. The IRS publishes only each organization's most recent postcard, so earlier years are not shown. A 990-N carries no financial detail. The postcard also gives the principal officer's address, which is not shown here.

Grants made

Where these grants went next →

Grants received

Other IRS files

Auto-Revocation List

  • Exemption revoked 15 May 2019, reinstated 15 May 2019.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.