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Nonprofit · EIN 20-1740632

PALACE HEAD FOUNDATION INC

Tax-exempt · WEST PALM BCH, FL 33401

Financials

$434K$912K2023$358K$902K2024$252K$1.2M2025
Revenue Expenses · by fiscal year end
Financials of PALACE HEAD FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
March 31, 2026990-PF$251,754$1,187,971-$936,217$15,495,970$0$15,495,970
March 31, 2025990-PF$358,203$902,313-$544,110$14,810,150$0$14,810,150
March 31, 2024990-PF$433,998$911,792-$477,794$12,539,361$0$12,539,361
Financial details: 990-PF for the year ended March 31, 2026

Revenue

Dividends
$243,774
Net gain from sales of assets
$3,324
Other income
$4,656

Expenses

Grants and similar amounts paid
$970,581
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$970,581
Excise tax on investment income
$972

Balance sheet and other

Total assets, start of year
$14,810,150
Total assets, end of year
$15,495,970
Total liabilities, end of year
$0
Net assets, end of year
$15,495,970
Fair market value of assets
$19,087,340
Qualifying distributions
$970,581
Net investment income
$251,754

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended March 31, 2026, highest compensation first.

NameTitleHours / weekCompensation
JOANNE S GILL
529 SOUTH FLAGLER DR 22E, WEST PALM BEACH, FL 33401
PRESIDENT/CLERK1$0
ADAM FORKNER
12 MARLBOROUGH STREET, BOSTON, MA 02116
TREASURER/DIRECTOR0$0
PETER FORKNER
16 DURHAM STREET, BOSTON, MA 02115
DIRECTOR0$0
BENJAMIN FORKNER
3355 4TH STREET, BOULDER, CO 80304
DIRECTOR0$0
990-PF for the year ended March 31, 2025: 4 people
NameTitleHours / weekCompensation
JOANNE S GILL
529 SOUTH FLAGLER DR 22E, WEST PALM BEACH, FL 33401
PRESIDENT/CLERK1$0
ADAM FORKNER
12 MARLBOROUGH STREET, BOSTON, MA 02116
TREASURER/DIRECTOR0$0
PETER FORKNER
16 DURHAM STREET, BOSTON, MA 02115
DIRECTOR0$0
BENJAMIN FORKNER
3355 4TH STREET, BOULDER, CO 80304
DIRECTOR0$0
990-PF for the year ended March 31, 2024: 5 people
NameTitleHours / weekCompensation
JOANNE S GILL
529 SOUTH FLAGLER DR 22E, WEST PALM BEACH, FL 33401
PRESIDENT/CLERK1$0
THOMAS GILL
529 SOUTH FLAGLER DR 22E, WEST PALM BEACH, FL 33401
TREASURER/DIRECTOR1$0
ADAM FORKNER
12 MARLBOROUGH STREET, BOSTON, MA 02116
DIRECTOR0$0
PETER FORKNER
16 DURHAM STREET, BOSTON, MA 02115
DIRECTOR0$0
BENJAMIN FORKNER
3355 4TH STREET, BOULDER, CO 80304
DIRECTOR0$0

Address and contacts

Address (IRS master file)
529 S FLAGLER DR APT 22E, WEST PALM BCH, FL 33401-5926
In care of
% JOANNE S GILL
Signed the 990-PF
JOANNE GILL, PRESIDENT
Phone
(617) 696-8536
Return prepared by
FORVIS MAZARS LLP

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025March 31, 2026August 17, 2026990-PF on file
2024March 31, 2025August 15, 2025990-PF on file
2023March 31, 2024August 15, 2024990-PF on file

IRS record

EIN
20-1740632
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
2005
Accounting year ends
March
Files
Form 990-PF
Assets (IRS master file)
$15,495,970
Income (IRS master file)
$1,637,830

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFMarch 2026$251,754$1,187,971$15,495,970XML
990-PFMarch 2025$358,203$902,313$14,810,150XML
990-PFMarch 2024$433,998$911,792$12,539,361XML
990-PFMarch 2023–––IRS
990-PFMarch 2022–––IRS
990-PFMarch 2021–––IRS
990-PFMarch 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-1740632).

Questions about PALACE HEAD FOUNDATION INC

What is the EIN of PALACE HEAD FOUNDATION INC?
The employer identification number (EIN) of PALACE HEAD FOUNDATION INC is 20-1740632.
Is PALACE HEAD FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
Are donations to PALACE HEAD FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does PALACE HEAD FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of PALACE HEAD FOUNDATION INC due?
The return for tax year 2026 (the year ending March 31, 2027) is due August 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PALACE HEAD FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended March 2026.
Who are the officers and directors of PALACE HEAD FOUNDATION INC?
The 990-PF for the year ended March 31, 2026 lists 4 people; 0 received compensation from the organization.
How much revenue does PALACE HEAD FOUNDATION INC have?
On its 990-PF for the year ended March 31, 2026 it reported revenue of $251,754, expenses of $1,187,971 and total assets of $15,495,970 at year end.

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