Palmer College Foundation
74% goes to programs $12 to raise $100 Strong reserves Growing revenue
Palmer College Foundation is a 501(c)(3) organization based in Davenport, Iowa, registered in 1965, with $107,212,971 in FY2024 revenue. CharityIndex grades it A, and it directs about 74% of spending to programs.
1000 Brady St, Davenport, IA, 52803 EIN 42-6081293 Since 1965
Revenue (FY2024)
$107.2M
▲ 14.5% vs prior year
Education median: $200K
Expenses (FY2024)
$77.2M
Net assets
$284.9M
Employees
992
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
BProgram efficiency40% of the rating74% to programs · $12 to raise $100
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. For Palmer College Foundation: 74% to programs · $12 to raise $100 earns a B on this criterion. See the exact thresholds →
AFinancial health25% of the rating44 mo reserves · +28% 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 Palmer College Foundation: 44 mo reserves · +28% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
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. For Palmer College Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Palmer College Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Promote learning, deliver health care, engage our communities and advance knowledge through research.
What they do
Palmer college operates chiropractic clinics to extend the student education from the classroom to direct patient care. the doctor of chiropractic degree is a 10 trimester program of which the final 1/3 is spent in the clinic setting working with patients. student tuition reported above is used to offset the cost of clinic operations.
Palmer center for chiropractic research is dedicated to impacting patient care and policy through research, analysis and intelligence. pccr takes a comprehensive approach to research focusing on basic and clinical sciences in addition to health services work. grant income received during the year was just over $1,100,000.
Auxiliary enterprises and activities related to operation of bookstore, cafeteria, print shop, student housing, and continuing education programs.
Contact & location
- Address
- 1000 Brady St, Davenport, IA, 52803
- City
- Davenport
- State
- Iowa
- Category
- Education
- Subcategory
- Graduate & Professional Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $67.8M (FY2013) to $107.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $58.6MNet assets $284.9M
Operating margin
28.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$343.5M
Total liabilities
$58.6M
Net assets
$284.9M
Salaries & benefits
$37.2M
48% of expenses
Board members
12
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $107,212,971▲14.5% | $77,231,582▲5.1% | $284,941,454▲9.4% | $343,544,806▲7.3% | 990 |
| 2023 | $93,649,505▲3.6% | $73,471,128▲4.6% | $260,439,343▲9.5% | $320,084,450▲7.5% | 990 |
| 2022 | $90,436,928▼1.2% | $70,222,213▲7.2% | $237,747,089▲13.8% | $297,748,898▲15.7% | 990 |
| 2021 | $91,492,236▲15.3% | $65,487,243▲4.7% | $209,007,857▲3.1% | $257,383,249▲0.9% | 990 |
| 2020 | $79,355,260▲8.6% | $62,557,319▼3.0% | $202,656,211▲17.8% | $255,185,917▲17.9% | 990 |
| 2019 | $73,082,571▼0.8% | $64,514,960▼0.3% | $172,075,848▲5.4% | $216,517,203▲8.5% | 990 |
| 2018 | $73,686,181▼2.4% | $64,712,989▲2.1% | $163,241,337▲6.1% | $199,586,182▲5.6% | 990 |
| 2017 | $75,468,808▲3.8% | $63,363,498▲0.9% | $153,858,308▲11.3% | $189,030,117▲5.1% | 990 |
| 2016 | $72,705,333▲6.3% | $62,778,167▲2.5% | $138,270,625▲12.2% | $179,827,920▲9.0% | 990 |
| 2015 | $68,381,038▲7.3% | $61,267,594▲3.3% | $123,199,040▲3.9% | $165,008,256▲2.5% | 990 |
| 2014 | $63,721,020▼6.0% | $59,310,845▲0.8% | $118,519,541▲3.3% | $161,031,090▲3.8% | 990 |
| 2013 | $67,768,734 | $58,845,979▲5.2% | $114,736,058▲8.6% | $155,202,489▲5.5% | 990 |
| 2012 | — | $55,938,254▼6.9% | $105,620,220▲13.3% | $147,110,903▲6.7% | 990 |
| 2011 | — | $60,102,395▼1.3% | $93,251,632▲4.2% | $137,910,435▲3.7% | 990 |
| 2010 | — | $60,882,620▼4.9% | $89,519,828▲9.9% | $132,943,216▲8.1% | 990 |
| 2009 | — | $64,041,903 | $81,459,554 | $123,027,497 | 990 |
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.
Leadership & compensation (FY2024)
Highest-paid: Dennis Marchiori Dc Phd — $1,207,266 (1.56% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dennis Marchiori Dc Phd | President/ceo | 30 | $1,207,266 |
| Dan Weinert Dc | Provost/executive Vice President | 40 | $299,667 |
| Jennifer Randazzo | Vice Chancellor Finance/treasurer | 30 | $240,409 |
| Ian Mclean | Director of Clinic Radiology | 40 | $230,807 |
| Cynthia Long Dc | Dean of Research | 40 | $218,026 |
| Robert Percuoco Dc | Vice Chancellor | 40 | $214,841 |
| Michael Norris Phd | Vice Chancellor of Admissions | 40 | $214,360 |
| Barbara Melbourne Jd | Vice Chancellor | 40 | $209,118 |
| William Sherrier Dc Ma | Campus President | 40 | $194,230 |
| Kevin Cunningham Dc | Faculty (former Vice Chancelor) | 40 | $132,679 |
| Michael Chance Dc | Trustee | 1 | $2,784 |
| Kent Pilcher | Trustee | 1 | $2,464 |
| Don Betz Phd | Trustee | 1 | $1,485 |
| Kenneth R Koupal | Trustee/interim Asst Sec General | 1 | $1,099 |
| Susan Hatfield Phd | Trustee | 1 | $658 |
| Charles Keller Dc Ma | Trustee | 1 | — |
| Donald Doucette Phd | Trustee | 1 | — |
| Donna Craft Dc | Trustee | 1 | — |
| Nathan Hinkeldey Dc Dacrb | Trustee | 1 | — |
| Paul Vanduyne Pe Dc | Trustee/vice Chairperson | 5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Estes Company | Campus Construction Projects | $1,507,108 |
| Aramark | Campus Food Services | $1,134,130 |
| Mad Fish Digital | Advertising Services | $962,377 |
| Fbg Service Corporation | Campus Janitorial Services | $904,390 |
| Per Mar Security Services | Campus Security Services | $836,410 |
Grants received · $712K total
25 grants to Palmer College Foundation totaling $712K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Donor Advised Charitable Giving | Education | 2023 | $27,500 |
| United Charitable | General support | 2023 | $10,000 |
| National Collegiate Athletic Association | Scholarships | 2023 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $25,000 |
| United Charitable | General support | 2022 | $20,000 |
| Modern Woodmen of America | Capital campaign project | 2022 | $15,000 |
| Donor Advised Charitable Giving | Education | 2022 | $6,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $14,633 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $14,633 |
| Donor Advised Charitable Giving | Education | 2021 | $6,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $22,000 |
| Donor Advised Charitable Giving | Education | 2020 | $22,000 |
| Donor Advised Charitable Giving | Education | 2020 | $22,000 |
| United Charitable | Education | 2020 | $10,000 |
| Columbus Foundation | Education | 2019 | $300,000 |
Grants made · $20K in FY2024
1 grant totaling $20K in FY2024. All grants made by Palmer College Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Foundation For Chiropractic Progress | General fund - to support mission of educating the public on chiropractic healthcare | $20,000 |
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Frequently asked questions
- Is Palmer College Foundation a legitimate nonprofit?
- Yes. Palmer College Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 42-6081293, based in Davenport, Iowa. Donations are tax-deductible.
- What is Palmer College Foundation's EIN?
- Palmer College Foundation's Employer Identification Number (EIN) is 42-6081293.
- How much revenue does Palmer College Foundation report?
- Palmer College Foundation reported $107,212,971 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Palmer College Foundation's spending goes to programs?
- Palmer College Foundation spends about 74% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Palmer College Foundation have?
- CharityIndex grades Palmer College Foundation A, based on program efficiency and fundraising cost.
- How much does Palmer College Foundation's highest-paid employee make?
- The highest reported compensation on Palmer College Foundation's latest Form 990 is $1,207,266, paid to Dennis Marchiori Dc Phd (President/ceo).
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Data for Palmer College Foundation (EIN 42-6081293) 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.