Palmer Center Foundation Inc
Palmer Center Foundation Inc is a private foundation, based in KINGSPORT, TN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $662K in total assets. In 2025, it awarded 7 grants totaling $21K. Net investment income was $20K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$662K
+4.1% YoY
Annual Giving
$21K
-30.2% YoY
Grant Count
7
-53.3% YoY
Avg Grant Size
$3K
+49.5% YoY
Under IRS private-foundation payout rules, Palmer Center Foundation Inc reported a distributable amount of $32K for 2025 — the minimum it must pay out in qualifying distributions.
About Palmer Center Foundation Inc
Based on IRS filings
Palmer Center Foundation Inc is a private foundation, based in KINGSPORT, TN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $662K in total assets. In 2025, it awarded 7 grants totaling $21K. Net investment income was $20K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $662,137 | $635,790 | $603,907 |
| Revenue | $17,496 | $22,061 | $8,539 |
| Expenses | $34,981 | $43,542 | $47,818 |
| Qualifying Distributions | $33,901 | $35,696 | $35,837 |
| Net Investment Income | $19,893 | $12,756 | $12,748 |
| Distributable Amount | $32,050 | $31,072 | $29,177 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
Grant Size Distribution
58 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Small Miracles ($6,775), Dbhs Sparkle Squad ($4,900), Friends ($4,500).
| Recipient | Purpose | Amount |
|---|---|---|
| HAWKINS COUNTY CARTER VALLEY ROGERSVILLE, TN | INCLUSIVE SWING | $2,072 |
| HAWKINS COUNTY SCHOOLS ROGERSVILLE, TN | FLEXABLE SEATING | $1,000 |
| DOBYNS BENNETT HIGH SCHOOL TRIBAL G KINGSPORT, TN | MOBILE COFFEE CART | $549 |
| FRIENDS JOHNSON CITY, TN | DAY CAMP | $4,500 |
| SMALL MIRACLES KINGSPORT, TN | SCHOLARSHIPS | $6,775 |
| DBHS SPARKLE SQUAD KINGSPORT, TN | SPARKLE SQUAD | $4,900 |
| FORT BLACKMORE CENTER OF EXCELLENCE FORT BLACKMORE, VA | FIELD TRIP FOR CLASSES | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TAMMY GIBSON | SECRETARY | 1 | — |
| MARK DULA | MEMBER | — | — |
| ANGELA HILTON-PRILHART | MEMBER | 1 | — |
| ASHLEY BRITT | MEMBER | 1 | — |
| MEGAN JONES | MEMBER | 1 | — |
| KRISTIE ROBINETTE | PRESIDENT | 3 | — |
| JOSH BOATMAN | TREASURER | 1 | — |
| REBECCA ALLEY | VICE PRESIDENT | 3 | — |
| CAROL FULLER | MEMBER | 1 | — |
| SABRINA ST JOHN | MEMBER | 1 | — |
| STACY WOOK | MEMBER | 1 | — |
Frequently Asked Questions
How large is Palmer Center Foundation Inc?
As of 2025, Palmer Center Foundation Inc holds $662K in total assets with $17K in annual revenue. It awarded 7 grants totaling $21K in 2025.
Where does Palmer Center Foundation Inc operate?
Palmer Center Foundation Inc has awarded grants in Tennessee, Virginia.
What size grants does Palmer Center Foundation Inc award?
In 2025, Palmer Center Foundation Inc awarded 7 grants totaling $21K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Palmer Center Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Palmer Center Foundation Inc reported a distributable amount of $32K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Palmer Center Foundation Inc's EIN?
Palmer Center Foundation Inc's EIN (Employer Identification Number) is 58-1969597. IRS Form 990 filing data is available on this page for 2020–2025.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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