R Merle Palmer Minority Scholarship Foundation
Only null% goes to programs Strong reserves Growing revenue
R Merle Palmer Minority Scholarship Foundation is a 501(c)(3) organization based in Lakewood, Washington, registered in 1997, with $1,600,695 in FY2023 revenue. CharityIndex grades it B.
4500 Steilacoom Blvd Sw 16, Lakewood, WA, 98499 EIN 91-1742581 Since 1997
Revenue (FY2023)
$1.6M
▲ 10.8% vs prior year
Education median: $200K
Expenses (FY2023)
$1.6M
Net assets
$1.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 R Merle Palmer Minority Scholarship Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating13 mo reserves · -2% 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 R Merle Palmer Minority Scholarship Foundation: 13 mo reserves · -2% margin earns a A 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 R Merle Palmer Minority Scholarship Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 R Merle Palmer Minority Scholarship Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 4500 Steilacoom Blvd Sw 16, Lakewood, WA, 98499
- City
- Lakewood
- State
- Washington
- Category
- Education
- Subcategory
- Student Services & Aid
- Website
- …
Financial trends
Revenue grew from $736K (FY2018) to $1.6M (FY2023) across 6 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $28KNet assets $1.7M
Operating margin
-1.5%
Spent more than it raised in the latest fiscal year.
Total assets
$1.7M
Total liabilities
$28K
Net assets
$1.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,600,695▲10.8% | $1,625,271▲1.2% | $1,718,326▲3.4% | $1,746,552▲3.9% | 990 |
| 2022 | $1,445,016▲0.1% | $1,605,662▲18.1% | $1,661,611▼6.5% | $1,681,594▼6.6% | 990 |
| 2021 | $1,443,994▲26.8% | $1,359,309▲60.1% | $1,777,227▼3.2% | $1,801,300▼2.8% | 990 |
| 2020 | $1,138,687▲8.9% | $849,173▼6.9% | $1,836,562▲39.2% | $1,853,930▲38.1% | 990 |
| 2019 | $1,045,328▲41.9% | $911,987▲29.5% | $1,319,470▲16.3% | $1,342,472▲17.1% | 990 |
| 2018 | $736,473 | $704,009 | $1,134,833 | $1,146,768 | 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.
Grants received · $384K total
29 grants to R Merle Palmer Minority Scholarship Foundation totaling $384K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Seattle Foundation | To provide general support | 2024 | $25,000 |
| National Christian Charitable Foundation | Colleges and universities | 2024 | $20,000 |
| American Online Giving Foundation Inc | General support | 2024 | $7,000 |
| National Christian Charitable Foundation | Growth | 2023 | $20,000 |
| Donor Advised Charitable Giving | Education | 2023 | $17,500 |
| The Seattle Foundation | To provide general support. | 2023 | $10,000 |
| The Rotary Foundation of Rotary International | Basic education and literacy-scholarship-daf | 2023 | $5,700 |
| The Seattle Foundation | To provide general support. | 2023 | $2,500 |
| National Christian Charitable Foundation | Growth | 2022 | $15,000 |
| National Christian Charitable Foundation | Growth | 2022 | $15,000 |
| Donor Advised Charitable Giving | Education | 2022 | $14,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $10,500 |
| The Seattle Foundation | To provide general support | 2022 | $10,000 |
| The Seattle Foundation | To provide general support | 2021 | $25,000 |
| Donor Advised Charitable Giving | Education | 2021 | $14,500 |
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Frequently asked questions
- Is R Merle Palmer Minority Scholarship Foundation a legitimate nonprofit?
- Yes. R Merle Palmer Minority Scholarship Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 91-1742581, based in Lakewood, Washington. Donations are tax-deductible.
- What is R Merle Palmer Minority Scholarship Foundation's EIN?
- R Merle Palmer Minority Scholarship Foundation's Employer Identification Number (EIN) is 91-1742581.
- How much revenue does R Merle Palmer Minority Scholarship Foundation report?
- R Merle Palmer Minority Scholarship Foundation reported $1,600,695 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does R Merle Palmer Minority Scholarship Foundation have?
- CharityIndex grades R Merle Palmer Minority Scholarship Foundation B, based on financial health (reserves and operating margin).
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Data for R Merle Palmer Minority Scholarship Foundation (EIN 91-1742581) 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.