Florence B & Cornelia A Palmer Foundation
501(c)(3)Philanthropy
Only null% goes to programs Strong reserves Declining revenue
Florence B & Cornelia A Palmer Foundation is a 501(c)(3) organization based in Elgin, Illinois, registered in 1998, with $134,929 in FY2024 revenue. CharityIndex grades it F.
17 Douglas Ave, Elgin, IL, 60120 EIN 36-4171713 Since 1998
Revenue (FY2024)
$135K
▲ 149.4% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$284K
Net assets
$962K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Florence B & Cornelia A Palmer Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating41 mo reserves · -110% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Florence B & Cornelia A Palmer Foundation: 41 mo reserves · -110% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Florence B & Cornelia A Palmer Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Florence B & Cornelia A Palmer Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 17 Douglas Ave, Elgin, IL, 60120
- City
- Elgin
- State
- Illinois
- Subcategory
- Philanthropy Programs
Financial trends
Revenue grew from $88K (FY2013) to $135K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $962K
Operating margin
-110.1%
Spent more than it raised in the latest fiscal year.
Total assets
$962K
Total liabilities
$0
Net assets
$962K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $134,929▲149% | $283,535▲28.0% | $961,878▼13.4% | $961,878▼13.4% | 990PF |
| 2023 | $54,106▼43.9% | $221,478▼22.9% | $1,111,284▼13.1% | $1,111,284▼14.8% | 990PF |
| 2022 | $96,435▼49.3% | $287,227▲40.9% | $1,278,656▼13.0% | $1,303,656▼11.3% | 990PF |
| 2021 | $190,296▲151% | $203,792▼11.7% | $1,469,631▼0.9% | $1,469,631▼0.9% | 990PF |
| 2020 | $75,884▼20.3% | $230,732▼7.1% | $1,483,577▼9.5% | $1,483,577▼9.5% | 990PF |
| 2019 | $95,164▼40.0% | $248,406▼6.0% | $1,638,425▼8.6% | $1,638,425▼8.6% | 990PF |
| 2018 | $158,525▲26.7% | $264,158▼5.7% | $1,792,967▼5.6% | $1,792,967▼5.6% | 990PF |
| 2017 | $125,109▼28.6% | $280,250▲3.0% | $1,898,600▼7.2% | $1,898,600▼7.2% | 990PF |
| 2016 | $175,121▲18.8% | $271,959▼2.9% | $2,046,060▼4.6% | $2,046,060▼4.6% | 990PF |
| 2015 | $147,432▲3.2% | $280,009▲11.9% | $2,144,160▼5.9% | $2,144,160▼5.9% | 990PF |
| 2014 | $142,920▲62.8% | $250,337▲6.3% | $2,277,846▼4.5% | $2,277,846▼4.5% | 990PF |
| 2013 | $87,780 | $235,600▲44.0% | $2,386,076▼6.2% | $2,386,076▼6.2% | 990PF |
| 2012 | — | $163,589▼22.7% | $2,544,314▼5.1% | $2,544,314▼5.1% | 990PF |
| 2011 | — | $211,542▲6.1% | $2,680,409▼5.9% | $2,680,409▼5.9% | 990PF |
| 2010 | — | $199,428 | $2,847,646 | $2,847,646 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Florence B & Cornelia A Palmer Foundation a legitimate nonprofit?
- Yes. Florence B & Cornelia A Palmer Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-4171713, based in Elgin, Illinois.
- What is Florence B & Cornelia A Palmer Foundation's EIN?
- Florence B & Cornelia A Palmer Foundation's Employer Identification Number (EIN) is 36-4171713.
- How much revenue does Florence B & Cornelia A Palmer Foundation report?
- Florence B & Cornelia A Palmer Foundation reported $134,929 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Florence B & Cornelia A Palmer Foundation have?
- CharityIndex grades Florence B & Cornelia A Palmer Foundation F, based on financial health (reserves and operating margin).
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Data for Florence B & Cornelia A Palmer Foundation (EIN 36-4171713) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.