2025-10-17T07:38:50-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 10700 NORTHUP WAY SUITE 200 BELLEVUE WA 98004 990 2023-07-01 911742581 R MERLE PALMER MINORITY SCHOLARSHIP RMER 2535729008 PO BOX 7119 TACOMA WA 98417 TRICIA SPEID CEO 2535729008 2025-10-16 1 1 ALLEN GILBERT CPA P01380103 4252506100 2025-10-15 2023 2025-03-06 01:10:19Z PALMER SCHOLARS TRICIA SPEID PO BOX 7119 TACOMA WA 98417 1648246 0 X WWW.PALMERSCHOLARS.ORG X 1996 WA SEE SCHEDULE O. 15 15 21 75 0 0 1475136 1587074 0 21530 27447 38649 -57567 -46558 1445016 1600695 347674 300887 0 0 890498 944341 0 35645 223257 367490 344398 1605662 1625271 -160646 -24576 1681594 1746552 19983 28226 1661611 1718326 SEE SCHEDULE O. 0 0 1254497 300887 21530 THE ORGANIZATION PROVIDED SCHOLARSHIPS AND MENTORING SERVICES TO 225 STUDENTS DURING THE YEAR ENDED JUNE 30, 2024. 1254497 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 95 0 1 21 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X X TRICIA SPIED 2535729008 PO BOX 7119 TACOMA WA 98417 AMALA PEREZ PRESIDENT 2.00 X X 0 0 0 MARISSA RATHBONE IMMEDIATE PAST PRESIDENT 2.00 X X 0 0 0 KACEE WOODS SECRETARY 2.00 X X 0 0 0 BRETT FRESHWATERS TREASURER 2.00 X X 0 0 0 KIM GREEN AT-LARGE 2.00 X X 0 0 0 CHRISTAL HARRISON MEMBER 1.00 X 0 0 0 STEVE SCHAIN MEMBER 1.00 X 0 0 0 STEPHANIE WILLIAMS MEMBER 1.00 X 0 0 0 KIDANE YOHANNES MEMBER 1.00 X 0 0 0 HEATHER CURL MEMBER 1.00 X 0 0 0 ALEX DAVIS MEMBER 1.00 X 0 0 0 JEANKIE ACZON MEMBER 1.00 X 0 0 0 SANDRA CALVILLO MEMBER 1.00 X 0 0 0 BRENDAN NELSON MEMBER 1.00 X 0 0 0 LOGAN NOEL-ENDRES MEMBER 1.00 X 0 0 0 JONATHAN JACKSON CEO(THROUGH 12/2023) 40.00 X 154173 0 11789 DENISE NICOLE FRANKLIN INTERIM CEO (12/23-05/24) 40.00 X 92592 0 8504 246765 0 20293 2 0 1 0 0 121359 586599 879116 1587074 CONTRACTS REVENUE 611600 21530 21530 21530 33038 33038 5611 0 5611 5611 5611 0 121359 47551 -47551 -47551 MISCELLANEOUS REVENUE 900099 993 993 993 1600695 21530 0 -7909 300887 300887 190403 128073 35207 27123 609223 462869 38325 108029 3055 2121 934 79409 51056 9185 19168 62251 46074 5623 10554 1958 1958 5410 5410 35645 35645 6925 6925 12794 12794 36179 24010 2930 9239 21910 14560 2969 4381 29844 22088 2696 5060 1202 1202 6410 4744 579 1087 12013 8891 1085 2037 6149 6149 PROGRAM EXPENSE-SCHOLAR 136379 136379 STAFF TRAINING 33667 33667 PROGRAM EXPENSE-MENTOR 19078 19078 BAD DEBT EXPENSE 13802 13802 678 678 1625271 1254497 147517 223257 347698 188020 197239 337358 20904 30684 79006 39365 47795 39641 365193 399258 702765 751591 1681594 1746552 19983 28226 19983 28226 X 873010 828735 788601 889591 1661611 1718326 1681594 1746552 -24576 81291 0 X 0 0 0 X 1044202 1314905 1425452 1475136 1018684 6278379 1044202 1314905 1425452 1475136 1018684 6278379 339828 5938551 14544 22406 31575 27447 33038 129010 993 993 6408382 0.92670 0.85510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 702765 86250 30500 6925 751590 684774 54935 30000 6944 702765 794020 -73193 29300 6751 684774 633266 201574 34300 6520 794020 657756 8899 27100 6289 633266 0.00000 0.33474 0.66525 1 0 79006 39365 39641 39641 ENDOWMENT RECEIVABLE 751591 751591 PART V, LINE 4: THE ORGANIZATION USES THE ANNUAL ENDOWMENT DISBURSEMENT TO PROVIDE SCHOLARSHIP MONIES TO STUDENTS. THE CORPUS OF ANY UNDISTRIBUTED EARNING IS USED AS A CONTNGENCY PLAN TO PAY OUT THE REMAINING SCHOLARSHIP PAYMENTS TO STUDENTS AS THEY FINISH COLLEGE, SHOULD THE ORGANIZATION CEASE TO EXIST. X X X X X X 1 THE GRANT GUY PO BOX 64122 TACOMA WA 98464 GRANT WRITING 0 250000 16667 233333 AUDREY FINE 2119 2ND AVE WEST SEATTLE WA 98119 GRANT WRITING 0 50000 24701 25299 300000 41368 258632 STAND UP & CHEER 121359 121359 33936 13615 121359 121359 33936 13615 47551 -47551 1 LEGACY SCHOLAR EXPENSES 232 300887 N/A N/A PART I, LINE 2: SCHOLARSHIP FUNDS ARE DISBURSED DIRECTLY TO INDIVIDUAL STUDENT TUITION ACCOUNTS AT THE VARIOUS HIGHER EDUCATION INSTITUTIONS INSTEAD OF DIRECTLY TO SCHOLARSHIP RECIPIENTS. X X 0 0 0 0 0 0 0 0 0 JONATHAN JACKSON CEO(THROUGH 12/2023) 154173 0 0 0 0 0 4625 0 7164 0 165962 0 0 0 FORM 990, PART I, LINE 1, SUPPORTING UNDERREPRESENTED PIERCE COUNTY STUDENTS OF COLOR TO OVERCOME FINANCIAL, CULTURAL, AND SOCIAL BARRIERS IN THEIR PURSUIT OF HIGHER EDUCATION. OUR VISION IS FOR OUR STUDENTS TO SUCCEED IN GRADUATING FROM COLLEGE WITH THE ESSENTIAL TOOLS TO BE CATALYSTS FOR CHANGE, LEADERS IN OUR COMMUNITY, AND BECOME PERSONALLY EMPOWERED. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE FOUNDATION'S CHIEF EXECUTIVE OFFICER AND OR TREASURER, AND IS THEN DELIVERED TO ALL FOUNDATION BOARD MEMBERS FOR REVIEW AND DISCUSSION PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED BY THE BOARD OF DIRECTORS ANNUALLY. WHEN AN APPEARANCE OF CONFLICT IS POSSIBLE, IT IS DISCLOSED AND THE BOARD MEMBER ABSENTS HIMSELF/HERSELF FROM DISCUSSION AND VOTING. ANY SUCH OCCASIONS ARE REFLECTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15A CHIEF EXECUTIVE OFFICER COMPENSATION IS DETERMINED AFTER BOARD REVIEW OF THIRD PARTY COMPENSATION DATA RELATED TO EQUIVALENT POSITIONS AND COMPARABLY SIZED ORGANIZATIONS. BOARD DELIBERATION AND CONSIDERATION IS DOCUMENTED IN BOARD MEETING MINUTES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. THE ENTITY HAS NO OFFICER OTHER THAN EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE FORM 990, FINANCIAL STATEMETNS, AND FORM 1023 ARE AVAILABLE FOR MAILING TO THE GENERAL PUBLIC UPON REQUEST. IN ADDITION, THE FOUNDATION OFFICES ARE OPEN MONDAY-FRIDAY, 9AM-5PM. DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPRECTION AT THESE TIME BY ARRANGEMENT. FORM 990, PART III, LINE 1, SUPPORTING UNDERREPRESENTED PIERCE COUNTY STUDENTS OF COLOR TO OVERCOME FINANCIAL, CULTURAL, AND SOCIAL BARRIERS IN THEIR PURSUIT OF HIGHER EDUCATION. OUR VISION IS FOR OUR STUDENTS TO SUCCEED IN GRADUATING FROM COLLEGE WITH THE ESSENTIAL TOOLS TO BE CATALYSTS FOR CHANGE, LEADERS IN OUR COMMUNITY, AND BECOME PERSONALLY EMPOWERED.