PALMA SCHOOL FOUNDATION
SALINAS,
California,
93908
EIN: 46-4896381
Educational Institutions and Related Activities
MISSION
Tp provide supplemental financial support to support the programs and services of Palma School.
DEMOGRAPHIC
ADDRESS
1418 SOUTH MAIN ST STE 203
93908
COUNTY
monterey county, CA
IN CARE OF NAME
MATTHEW OTTONE
ORGANIZATIONAL OVERVIEW & RANKINGS
PALMA SCHOOL FOUNDATION is a based in SALINAS, CA, focused on Educational Institutions and Related Activities causes , specifically Fund Raising and/or Fund Distribution. Established in February 2020, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $2,304,953.00, this ranks 140,079 among 2,656,690 nonprofits nationally (Top 6%), demonstrating substantial financial capacity relative to its peers. At the state level, it stands at 14,658 out of 275,729 organizations in CA (Top 6%).
In monterey county, CA, the organization ranks 148 out of 2,791 nonprofits by assets (Top 6%), while locally in salinas, it stands at 43 among 825 organizations (Top 5%).
The organization reported annual revenue of $587,205.00, ranking 168,181 nationally (Top 7%) and 18,570 in CA (Top 7%).
Within its specific NTEE classification (B12 - B: Educational Institutions and Related Activities), which includes 11,494 similar organizations, PALMA SCHOOL FOUNDATION ranks 342 in assets (Top 3%) and 376 in revenue (Top 4%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2019 and was reinstated on May 15, 2019 .
The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
B: Educational Institutions and Related Activities
NTEE CODE
B12: Fund Raising and/or Fund Distribution
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Revoked: Wednesday, May 15, 2019;
Reinstated: Wednesday, May 15, 2019
TAX PERIOD
12/2022
ACCOUNTING PERIOD
12
INCOME CODE
5: $500,000 to $999,999
INCOME AMOUNT
$587,205.00
FORM 990 REVENUE AMOUNT
$587,205.00
RULING DATE
02/2020
ASSET CODE
6: $1,000,000 to $4,999,999
ASSET AMOUNT
$2,304,953.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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