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Nonprofit · EIN 77-0001048

PALO ALTO PUBLIC IMPROVEMENT CORPORATION

Tax-exempt · PALO ALTO, CA 94301

Financials

$2.9M$4.3M2022$4.5M$4.4M2023$4.3M$4.3M2024
Revenue Expenses · by fiscal year end
Financials of PALO ALTO PUBLIC IMPROVEMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$4,310,103$4,295,076$15,027$148,773,099$148,656,028$117,071
June 30, 2024990$4,464,466$4,447,773$16,693$152,362,192$152,260,148$102,044
June 30, 2023990$2,870,266$4,317,085-$1,446,819$155,803,366$155,718,015$85,351
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$4,295,673
Investment income
$14,430
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$4,295,076

Balance sheet and other

Total assets, start of year
$152,362,192
Total assets, end of year
$148,773,099
Total liabilities, end of year
$148,656,028
Net assets, end of year
$117,071
Net assets with donor restrictions
$117,071
Gross receipts
$4,310,103
Employees
0
Volunteers
0
Year formed
1983
State of legal domicile
CA

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 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
JULIE LYTHCOTT-HAIMSCOUNCIL MEMBER
Trustee or director
1$0$4,616$29,419
PATRICK J BURTCOUNCIL MEMBER
Trustee or director
1$0$8,392$24,514
LYDIA KOUCOUNCIL MEMBER
Trustee or director
1$0$8,045$24,514
GREG TANAKACOUNCIL MEMBER
Trustee or director
1$0$15,410$14,172
GREER B STONECOUNCIL MEMBER
Trustee or director
1$0$17,187$0
EDWARD LAUINGCOUNCIL MEMBER
Trustee or director
1$0$16,564$0
VICKI VEENKERCOUNCIL MEMBER
Trustee or director
1$0$12,002$0
990 for the year ended June 30, 2024: 7 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
LYDIA KOUCOUNCIL MEMBER
Trustee or director
1$0$12,224$21,930
PATRICK J BURTCOUNCIL MEMBER
Trustee or director
1$0$11,045$21,930
GREG TANAKACOUNCIL MEMBER
Trustee or director
1$0$15,410$14,237
JULIE LYTHCOTT-HAIMSCOUNCIL MEMBER
Trustee or director
1$0$14,193$12,405
GREER B STONECOUNCIL MEMBER
Trustee or director
1$0$16,564$0
EDWARD LAUINGCOUNCIL MEMBER
Trustee or director
1$0$14,193$0
VICKI VEENKERCOUNCIL MEMBER
Trustee or director
1$0$11,309$0
990 for the year ended June 30, 2023: 7 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
ERIC FILSETHCOUNCIL MEMBER
Trustee or director
1$0$6,143$32,979
PATRICK J BURTCOUNCIL MEMBER
Trustee or director
1$0$13,779$23,655
LYDIA KOUCOUNCIL MEMBER
Trustee or director
1$0$12,627$20,569
GREG TANAKACOUNCIL MEMBER
Trustee or director
1$0$15,410$14,292
GREER B STONECOUNCIL MEMBER
Trustee or director
1$0$15,410$0
THOMAS DUBOISCOUNCIL MEMBER
Trustee or director
1$0$6,258$0
ALISON CORMACKCOUNCIL MEMBER
Trustee or director
1$0$5,539$0

Address and contacts

Address (IRS master file)
250 HAMILTON AVE, PALO ALTO, CA 94301-2531
Principal officer (990 for 2024)
ED LAUING, 250 HAMILTON AVENUE, PALO ALTO, CA 943012531
Signed the 990
LAUREN LAI, CHIEF FINANCIAL OFFICER
Phone
(650) 329-2675
Return prepared by
MACIAS GINI & O'CONNELL LLP

California records

California keeps its own records of charities and corporations. Search them by EIN 77-0001048 or by the name PALO ALTO PUBLIC IMPROVEMENT CORPORATION.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO THE CITY OF PALO ALTO BY FINANCING, ACQUIRING, CONSTRUCTING, IMPROVING, LEASING AND SELLING PROPERTY EQUIPMENT AND OTHER PUBLIC IMPROVEMENT PROJECTS.

990 for the year ended June 30, 2025

Program accomplishments

  • THE PURPOSE OF THE CORPORATION IS TO IMPROVE AND REPAIR THE PALO ALTO CIVIC CENTER, GOLF COURSE, TO CONSTRUCT CALIFORNIA AVENUE PARKING GARAGE AND LEASE THE IMPROVEMENTS TO THE CITY OF PALO ALTO.
    Expenses $4,295,076 · revenue $4,295,673

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
77-0001048
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
1983
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$148,773,099
Income (IRS master file)
$4,310,103

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$4,310,103$4,295,076$148,773,099XML
990June 2024$4,464,466$4,447,773$152,362,192XML
990June 2023$2,870,266$4,317,085$155,803,366XML
990June 2022$1,679,598$4,808,310$158,763,344IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––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 77-0001048).

Questions about PALO ALTO PUBLIC IMPROVEMENT CORPORATION

What is the EIN of PALO ALTO PUBLIC IMPROVEMENT CORPORATION?
The employer identification number (EIN) of PALO ALTO PUBLIC IMPROVEMENT CORPORATION is 77-0001048.
Is PALO ALTO PUBLIC IMPROVEMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1983.
Are donations to PALO ALTO PUBLIC IMPROVEMENT CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does PALO ALTO PUBLIC IMPROVEMENT CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PALO ALTO PUBLIC IMPROVEMENT CORPORATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PALO ALTO PUBLIC IMPROVEMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of PALO ALTO PUBLIC IMPROVEMENT CORPORATION?
The 990 for the year ended June 30, 2025 names ED LAUING.
Who are the officers and directors of PALO ALTO PUBLIC IMPROVEMENT CORPORATION?
The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
How much revenue does PALO ALTO PUBLIC IMPROVEMENT CORPORATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $4,310,103, expenses of $4,295,076 and total assets of $148,773,099 at year end.

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