R MERLE PALMER MINORITY SCHOLARSHIP FOUNDATION

LAKEWOOD, WA, 98499-4004 (253) 572-9008 Est. 1996 EIN 91-1742581

B82— Education Form 990 501(c)(3)

Mission

SEE SCHEDULE O.

Total Revenue

$1,600,695

Total Expenses

$1,625,271

Net Assets

$1,718,326

21 employees 75 volunteers

From latest filing (tax period ending 2024-06-30)

Operating Reserve

12.7 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 10.8%

Expenses ↑ 1.2%

Revenue Sources

Contributions 99.1% Earned revenue 1.3% Investment 2.4%

Expense Breakdown

Program 77.2% Management 9.1% Fundraising 13.7%

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Year	Revenue	Expenses	Net Assets
2023 Form 990	$1,600,695 ↑	$1,625,271	$1,718,326
2022 Form 990	$1,445,016 ↑	$1,605,662	$1,661,611
2021 Form 990	$1,443,994 ↑	$1,359,309	$1,777,227
2020 Form 990	$1,138,687 ↑	$849,173	$1,836,562
2019 Form 990	$1,045,328	$911,987	$1,319,470