John N Palmer Foundation Inc in Jackson, Mississippi (MS)

John N Palmer Foundation Inc
Employer Identification Number (EIN)	640750317
Name of Organization	John N Palmer Foundation Inc
Address	PO BOX 3747, Jackson, MS 39207-3747
Activities	Gifts, grants, or loans to other organizations
Subsection	Charitable Organization
Ruling Date	08/1988
Deductibility	Contributions are deductible
Foundation	Private non-operating foundation
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$25,000 to $99,999
Income	$25,000 to $99,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$61,053
Amount of Income	$41,224
Form 990 Revenue Amount	$148,309

Non-representatives - add comments:

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

	Revenue and expenses per books	Net investment income	Adjusted net income	Disbursements for charitable purposes (cash basis only)
Analysis of Revenue and Expenses (for 2013)
Total revenue	$41,224	$1,724	$1,724
Contributions, gifts, grants, etc., received	$39,500
Interest on savings and temporary cash investments	$0
Dividends and interest from securities	$0
Gross rents	$0
Gross sales price for all assets	$0
Gross profit from sales of goods	$0
Other income	$1,724
Total expenses and disbursements	$42,125	$2,125	$2,125	$40,000
Compensation of officers, directors, trustees, etc.	$0
Pension plans, employee benefits	$0
Legal fees	$0
Accounting fees	$0
Interest	$630
Depreciation	$0
Occupancy	$0
Travel, conferences, and meetings	$0
Printing and publications	$0
Total operating and administrative expenses	$2,125	$2,125		$0
Contributions, gifts, grants paid	$40,000
Excess of revenue over expenses and disbursements	$-901
Net investment income		$0
Adjusted net income			$0

	2011		2012		2013
Balance Sheets
	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value
Total assets	$157,130	$158,130	$60,694	$71,817	$61,053	$75,870
Cash - non-interest-bearing	$5,973		$100		$459
Investments-U.S. and state government obligations	$0		$0		$0
Investments-corporate stock	$147,557		$56,994		$56,994
Investments-corporate bonds	$0		$0		$0
Investments-mortgage loans	$0		$0		$0
Investments-other	$3,600		$3,600		$3,600
Other assets			$0		$0
Total liabilities	$80,000		$42,358		$43,618
Mortgages and other notes payable	$0		$0		$0
Other liabilities			$42,358		$43,618
Total liabilities and net assets/fund balances	$77,130		$18,336		$17,435

	2011	2012	2013
Capital Gains and Losses for Tax on Investment Income
Capital gain net income	$0	$0	$0
Net capital loss	$-346	$-9,042	$0

	2011	2012	2013
Excise Tax Based on Investment Income
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)	No	No	No
Tax based on investment income	$0	$0	$0
Total credits and payments	$0	$0	$0
Any penalty for underpayment of estimated tax	$0	$0	$0
Tax due		$0	$0
Overpayment		$0	$0
Amount to be credited to next year's estimated tax	$0	$0	$0

	2011	2012	2013
Statements Regarding Activities
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?	No	No	No
Has the foundation engaged in any activities that have not previously been reported to the IRS?		No	No
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?		No	No
Has the foundation filed a tax return on Form 990-T for this year?		No	No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?	No	No	No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?		Yes	Yes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?	No	No	No
Did any persons become substantial contributors during the tax year?		No	No
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?		No	No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?		Yes	Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041		No	No

	2011	2012	2013
Statements Regarding Activities for Which Form 4720 May Be Required
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?	No	No	No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?	No	No	No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?	No	No	No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?	No	No	No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?	No	No	No
Agree to pay money or property to a government official?	No	No	No
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?		No	No
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?		No	No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?	No	No	No
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?		No	No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?	No	No	No
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?	No	No	No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?	No	No	No
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?		No	No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?	No	No	No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?	No	No	No
Provide a grant to an individual for travel, study, or other similar purposes?	No	No	No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?	No	No	No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?	No	No	No
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?		No	No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No

	2011	2012	2013
Minimum Investment Return
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes	$28,105	$84,566	$64,911
Net value of noncharitable-use assets		$83,298	$63,937
Minimum investment return	$1,384	$4,165	$3,197

	2011	2012	2013
Distributable Amount
Distributable amount	$1,384	$4,165	$3,197

	2011	2012	2013
Undistributed Income
Distributable amount for this year	$1,384	$4,165	$3,197
Undistributed income for this year. This amount must be distributed in the next year	$0	$0	$0

	2013	2012	2011	2010	Total
Private Operating Foundations (for 2010 - 2013)
The lesser of the adjusted net income or the minimum investment return	$0	$0	$0	$0	$0
Qualifying distributions made directly for active conduct of exempt activities	$0	$0	$0	$0	$0
Value of all assets	$0	$0	$0	$0	$0
Value of assets qualifying under section 4942(j)(3)(B)(i)	$0	$0	$0	$0	$0
2/3 of minimum investment return	$0	$0	$0	$0	$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)	$0	$0	$0	$0	$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)	$0	$0	$0	$0	$0
Gross investment income	$0	$0	$0	$0	$0

Supplementary Information (for 2013)
Grants approved for future payment	$170,000

	Amount	Related or exempt function income
Analysis of Income-Producing Activities (for 2013)
Program service revenue
Fees and contracts from government agencies	$0	$0
Membership dues and assessments	$0	$0
Interest on savings and temporary cash investments	$0	$0
Dividends and interest from securities	$0	$0

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
Cash	No
Other assets	No
Other transactions:
Sales of assets to a noncharitable exempt organization	No
Purchases of assets from a noncharitable exempt organization	No
Rental of facilities, equipment, or other assets	No
Reimbursement arrangements	No
Loans or loan guarantees	No
Performance of services or membership or fundraising solicitations	No
Sharing of facilities, equipment, mailing lists, other assets, or paid employees	No

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Id	Name	Address	State	Established	Total Income
Other organizations in Mississippi
1	Jimmy And Hazel Sanders Charitable Trust I	PO BOX 994, Cleveland, MS 38732-0994	MS	1997-10	$3,577,778
2	Joan Hallett King & William King Self Memorial Fund	PO BOX 388, Marks, MS 38646-0388	MS	1967-06	$1,536
3	Jobs For Mississippi Graduates Inc	6055 Ridgewood Rd Ste A, Jackson, MS 39211-2754	MS	1995-04	$2,557,735
4	John And David Matthews Retirement Center Ii	PO BOX 1220, Jackson, MS 39215-1220	MS	1988-08	$382,548
5	John C Robinson Brown Candor Association	2582 Rue Palafox, Biloxi, MS 39531	MS	2003-06	$9,347
6	John Houston Wear Jr Foundation	PO BOX 23100, Jackson, MS 39225-3100	MS	1993-07	$821,738
7	John James Audubon Foundation	PO BOX 1002, Gloster, MS 39638-1002	MS	1965-06	$87,605
8	John M & Elizabeth Beeman Bleuer Scholarship Fund, Page Lyle M Ttee	PO BOX 289, Biloxi, MS 39533-0289	MS	1992-07	$208,202
9	John M Christian Fund	PO BOX 22, Laurel, MS 39441-0022	MS	1996-10	$286,879
10	John M Perkins Foundation For Reconciliation And Development Inc	1831 Robinson St, Jackson, MS 39209-6432	MS	1983-03	$135,039
11	John N Palmer Foundation Inc	PO BOX 3747, Jackson, MS 39207-3747	MS	1988-08	$41,224
12	John The Evangelist Ministries Inc	PO BOX 6057, Vancleave, MS 39565-6057	MS	2007-03	$64,552
13	Johnny Lee Crane And Bessie Lynn Crane Foundation	PO BOX 355, Fulton, MS 38843-0355	MS	2001-12	$32
14	Jones County Crimestoppers Program Inc	Po Box 4217, Laurel, MS 39441	MS	1993-07	$0
15	Jones County Economic Support Group Inc	PO BOX 527, Laurel, MS 39441-0527	MS	1994-09	$128,759
16	Jourdan River Shores Property Owners Civic Association	PO BOX 245, Kiln, MS 39556-0245	MS	1980-06	$8,079
17	Jubilee Jam Foundation	Po Box 23413, Jackson, MS 39225	MS	1995-12	$0
18	Judys Kids Nursery Educational Ctr, Judys Kids Nursery	1313 Carrollton Ave, Greenwood, MS 38930-5743	MS	1990-02	$127,464
19	Junior Achievement Of Mississippi Inc	1695 High St, Jackson, MS 39202-3522	MS	1994-05	$449,594
20	Junior Auxiliary Of Batesville Ms Inc	PO BOX 885, Batesville, MS 38606-0885	MS	1975-08	$54,618

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