The Francis Asbury Palmer Fund

New York, NY
Tax-exempt since April 1938
EIN: 13-6400635

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$649k (2025)

Expenses

$483k (2025)

Total Assets

$4.94M (2025)

Total Liabilities

$0 (2025)

Source: Form 990 tax filings from 2011 to 2025

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending April
2025

Revenue

$649,127

Expenses

$482,931

Net Income

$166,196

Net Assets

$4,939,457

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$244	0.0%
Dividends	$112,803	17.4%
Sales of Assets	$535,596	82.5%
Other Income	$484	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$423,421	87.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,939,457
Total Liabilities	$0
Net Assets	$4,939,457

Compensation

Key Employees and Officers	Compensation	Other
Diana L Reed (President)	$0	$0
Susan K Reed (Director)	$0	$0
Phillip P Mcguigan (Director)	$0	$0
Allison Chisolm Hansen (Director)	$0	$0
Lucy Mcguigan (Director)	$0	$0

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990-PF

Filed on Sept. 14, 2025

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending April
2024

Revenue

$118,051

Expenses

$339,073

Net Income

-$221,022

Net Assets

$4,773,261

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,170	1.8%
Dividends	$93,182	78.9%
Sales of Assets	$22,699	19.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$298,235	88.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,773,261
Total Liabilities	$0
Net Assets	$4,773,261

Compensation

Key Employees and Officers	Compensation	Other
Diana L Reed (President)	$0	$0
Susan K Reed (Director)	$0	$0
Phillip P Mcguigan (Director)	$0	$0
Allison Chisolm Hansen (Director)	$0	$0
Lucy Mcguigan (Director)	$0	$0

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990-PF

Filed on March 12, 2025

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending April
2023

Revenue

$75,976

Expenses

$365,328

Net Income

-$289,352

Net Assets

$4,995,600

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$842	1.1%
Dividends	$72,843	95.9%
Sales of Assets	$1,951	2.6%
Other Income	$340	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$278,824	76.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,995,600
Total Liabilities	$0
Net Assets	$4,995,600

Compensation

Key Employees and Officers	Compensation	Other
Diana L Reed (President)	$0	$0
Susan K Reed (Director)	$0	$0
Phillip P Mcguigan (Director)	$0	$0
Allison Chisolm Hansen (Director)	$0	$0
Lucy Mcguigan (Director)	$0	$0

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990-PF

Filed on March 13, 2024

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending April
2022

Revenue

$623,260

Expenses

$408,243

Net Income

$215,017

Net Assets

$5,284,952

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$67,556	10.8%
Sales of Assets	$555,704	89.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$368,002	90.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,284,952
Total Liabilities	$0
Net Assets	$5,284,952

Compensation

Key Employees and Officers	Compensation	Other
Diana L Reed (President)	$0	$0
Susan K Reed (Director)	$0	$0
Phillip P Mcguigan (Director)	$0	$0
Allison Chisolm Hansen (Director)	$0	$0
Lucy Mcguigan (Director)	$0	$0

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990-PF

Filed on Aug. 17, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending April
2021

Revenue

$247,753

Expenses

$419,062

Net Income

-$171,309

Net Assets

$5,069,918

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$38,364	15.5%
Sales of Assets	$209,389	84.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$352,625	84.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,069,919
Total Liabilities	$1
Net Assets	$5,069,918

Compensation

Key Employees and Officers	Compensation	Other
Diana L Reed (President)	$0	$0
E Gayle Mcguigan Jr (Director)	$0	$0
Susan K Reed (Director)	$0	$0
Phillip P Mcguigan (Director)	$0	$0
Allison Chisolm Hansen (Director)	$0	$0

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990-PF

Filed on Aug. 25, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending April
2020

Revenue

$154,220

Expenses

$393,374

Net Income

-$239,154

Net Assets

$5,241,012

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$76,603	49.7%
Sales of Assets	$77,617	50.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$376,744	95.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,241,013
Total Liabilities	$1
Net Assets	$5,241,012

Compensation

Key Employees and Officers	Compensation	Other
Diana L Reed (President)	$0	$0
E Gayle Mcguigan Jr (Director)	$0	$0
Susan K Reed (Director)	$0	$0
Phillip P Mcguigan (Director)	$0	$0
Allison Chisolm Hansen (Director)	$0	$0

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990-PF

Filed on Sept. 17, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending April
2019

Revenue

$195,347

Expenses

$496,746

Net Income

-$301,399

Net Assets

$5,478,970

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$54,008	27.6%
Sales of Assets	$141,339	72.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$394,190	79.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,478,970
Total Liabilities	$0
Net Assets	$5,478,970

Compensation

Key Employees and Officers	Compensation	Other
Diana L Reed (President)	$0	$0
E Gayle Mcguigan Jr (Director)	$0	$0
Susan K Reed (Director)	$0	$0
Phillip P Mcguigan (Director)	$0	$0
Allison Chisolm Hansen (Director)	$0	$0

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990-PF

Filed on Aug. 19, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending April
2018

Revenue

$2,216,888

Expenses

$430,773

Net Income

$1,786,115

Net Assets

$5,780,413

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$86,865	3.9%
Sales of Assets	$2,130,023	96.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$398,299	92.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,780,413
Total Liabilities	$0
Net Assets	$5,780,413

Compensation

Key Employees and Officers	Compensation	Other
Diana L Reed (President)	$0	$0
E Gayle Mcguigan Jr (Director)	$0	$0
Susan K Reed (Director)	$0	$0
Phillip P Mcguigan (Director)	$0	$0
Allison Chisolm Hansen (Director)	$0	$0

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990-PF

Filed on Aug. 15, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending April
2017

Revenue

$329,599

Expenses

$439,567

Net Income

-$109,968

Net Assets

$3,987,601

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$106,919	32.4%
Sales of Assets	$222,680	67.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$394,972	89.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,987,601
Total Liabilities	$0
Net Assets	$3,987,601

Compensation

Key Employees and Officers	Compensation	Other
Diana L Reed (President)	$0	$0
E Gayle Mcguigan Jr (Director)	$0	$0
Susan K Reed (Director)	$0	$0
Phillip P Mcguigan (Director)	$0	$0
Allison Chisolm Hansen (Director)	$0	$0

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990-PF

Filed on Aug. 25, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending April
2016

Revenue

$85,203

Expenses

$457,446

Net Income

-$372,243

Net Assets

$4,082,710

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$130,928	> 100%
Sales of Assets	-$45,725
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$378,746	82.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,082,710
Total Liabilities	$0
Net Assets	$4,082,710

Compensation

Key Employees and Officers	Compensation	Other
Diana L Reed (President)	$0	$0
E Gayle Mcguigan Jr (Director)	$0	$0
Susan K Reed (Director)	$0	$0
Phillip P Mcguigan (Director)	$0	$0
Allison Chisolm Hansen (Director)	$0	$0

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990-PF

Filed on June 27, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending April
2015

Revenue

$395,496

Expenses

$402,587

Net Income

-$7,091

Net Assets

$4,451,619

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$129,382	32.7%
Sales of Assets	$254,487	64.3%
Other Income	$11,627	2.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$373,984	92.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,451,619
Total Liabilities	$0
Net Assets	$4,451,619

Compensation

Key Employees and Officers	Compensation	Other
Diana L Reed (President)	$0	$0
E Gayle Mcguigan Jr (Director)	$0	$0
Susan K Reed (Director)	$0	$0
Phillip P Mcguigan (Director)	$0	$0
Allison Chisolm Hansen (Director)	$0	$0

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990-PF

Filed on Aug. 17, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending April
2014

Revenue

$442,448

Expenses

$404,008

Net Income

$38,440

Net Assets

$4,415,660

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$128,722	29.1%
Sales of Assets	$308,203	69.7%
Other Income	$5,523	1.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$377,342	93.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,415,660
Total Liabilities	$0
Net Assets	$4,415,660

Compensation

Key Employees and Officers	Compensation	Other
Diana L Reed (President)	$0	$0
E Gayle Mcguigan Jr (Director)	$0	$0
Susan K Reed (Director)	$0	$0
Phillip P Mcguigan (Director)	$0	$0
Allison Chisolm Hansen (Director)	$0	$0

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990-PF

Filed on July 28, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending April
2013

Revenue

$187,328

Expenses

$442,994

Net Income

-$255,666

Net Assets

$4,373,928

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$154,930	82.7%
Sales of Assets	$29,102	15.5%
Other Income	$3,296	1.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$406,621	91.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,373,929
Total Liabilities	$1
Net Assets	$4,373,928

990-PF

Filed on Jan. 14, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending April
2012

Revenue

$142,732

Expenses

$411,616

Net Income

-$268,884

Net Assets

$4,624,215

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$102,654	71.9%
Sales of Assets	$40,078	28.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$366,180	89.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,624,216
Total Liabilities	$1
Net Assets	$4,624,215

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending April
2011

Revenue

$475,190

Expenses

$366,621

Net Income

$108,569

Net Assets

$4,897,134

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$109,837	23.1%
Sales of Assets	$358,334	75.4%
Other Income	$7,019	1.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$298,742	81.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,897,134
Total Liabilities	$0
Net Assets	$4,897,134

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Updated March 23, 2026

The Francis Asbury Palmer Fund

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $649k (2025)

Expenses $483k (2025)

Total Assets $4.94M (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending April 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending April 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending April 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending April 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending April 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending April 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending April 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending April 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending April 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending April 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending April 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending April 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$649k (2025)

Expenses

$483k (2025)

Total Assets

$4.94M (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending April
2025

Fiscal Year Ending April
2024

Fiscal Year Ending April
2023

Fiscal Year Ending April
2022

Fiscal Year Ending April
2021

Fiscal Year Ending April
2020

Fiscal Year Ending April
2019

Fiscal Year Ending April
2018

Fiscal Year Ending April
2017

Fiscal Year Ending April
2016

Fiscal Year Ending April
2015

Fiscal Year Ending April
2014

Fiscal Year Ending April
2013

Fiscal Year Ending April
2012

Fiscal Year Ending April
2011

Fiscal Year Ending April
2010

Fiscal Year Ending April
2009

Fiscal Year Ending April
2008

Fiscal Year Ending April
2007

Fiscal Year Ending April
2006

Fiscal Year Ending April
2005

Fiscal Year Ending April
2004

Fiscal Year Ending April
2003

Fiscal Year Ending April
2002