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Paloheimo Foundation

  • Pasadena, CA
  • Tax-exempt since Feb. 2002
  • EIN: 94-6752361

Organization summary

Type of Nonprofit

Designated as a 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.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.85M (2024)

Expenses
$1.72M (2024)

Total Assets
$11.8M (2024)

Total Liabilities
$104k (2024)

Years with missing data
Source: Form 990 tax filings from 2011 to 2024

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 Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,853,207
Expenses
$1,718,930
Net Income
$134,277
Net Assets
$11,737,588
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $207,039
11.2%
Sales of Assets $960,488
51.8%
Other Income -$5,916
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,525,382
88.7%
Compensation of Officers* $374,661
21.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $11,841,427
Total Liabilities $103,839
Net Assets $11,737,588
Compensation
Key Employees and Officers Compensation Other
Morgan Halme (Board Member) $26,000 $0
George Paloheimo Jr (Board Member) $26,000 $0
George Paloheimo (Board Member) $6,000 $0
Martti Paloheimo (Board Member) $6,000 $0
Melissa Halme Redell (Board Member) $6,000 $0
Sean Paloheimo (Board Member) $6,000 $0
Paul Halme (Board Member) $0 $0
+ View more people

Document Links

990-PF
Filed on Oct. 30, 2025

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

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$873,838
Expenses
$1,793,670
Net Income
-$919,832
Net Assets
$11,631,579
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $194,918
22.3%
Sales of Assets -$27,875
Other Income $16,146
1.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,634,649
91.1%
Compensation of Officers* $313,482
17.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $11,735,418
Total Liabilities $103,839
Net Assets $11,631,579
Compensation
Key Employees and Officers Compensation Other
George Paloheimo (Board Member) $3,000 $0
Morgan Halme (Board Member) $3,000 $0
George Paloheimo Jr (Board Member) $3,000 $0
Martti Paloheimo (Board Member) $3,000 $0
Melissa Halme Redell (Board Member) $3,000 $0
Sean Paloheimo (Board Member) $3,000 $0
Paul Halme (Board Member) $1,500 $0
+ View more people

Document Links

990-PF
Filed on Nov. 5, 2024

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

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,185,654
Expenses
$1,911,558
Net Income
-$725,904
Net Assets
$12,568,165
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $193,153
16.3%
Sales of Assets $243,535
20.5%
Other Income $98,510
8.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,750,745
91.6%
Compensation of Officers* $321,926
16.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $12,672,004
Total Liabilities $103,839
Net Assets $12,568,165
Compensation
Key Employees and Officers Compensation Other
Paul Halme (Board Member) $15,500 $0
George Paloheimo (Board Member) $3,000 $0
Morgan Halme (Board Member) $3,000 $0
George Paloheimo Jr (Board Member) $3,000 $0
Martti Paloheimo (Board Member) $3,000 $0
Melissa Halme Redell (Board Member) $3,000 $0
Sean Paloheimo (Board Member) $3,000 $0
+ View more people

Document Links

990-PF
Filed on Nov. 8, 2023

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,195,783
Expenses
$1,960,638
Net Income
$235,145
Net Assets
$13,325,760
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $230,040
10.5%
Sales of Assets $833,514
38.0%
Other Income $529,361
24.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,789,461
91.3%
Compensation of Officers* $370,982
18.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $13,429,599
Total Liabilities $103,839
Net Assets $13,325,760
Compensation
Key Employees and Officers Compensation Other
Paul Halme (Board Member) $50,000 $0
George Paloheimo (Board Member) $3,000 $0
Morgan Halme (Board Member) $3,000 $0
George Paloheimo Jr (Board Member) $3,000 $0
Martti Paloheimo (Board Member) $3,000 $0
Melissa Halme Redell (Board Member) $3,000 $0
Sean Paloheimo (Board Member) $3,000 $0
+ View more people

Document Links

990-PF
Filed on Oct. 19, 2022

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,929,118
Expenses
$2,267,274
Net Income
-$338,156
Net Assets
$13,148,738
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $312,916
16.2%
Sales of Assets $1,096,075
56.8%
Other Income -$104,474
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,078,726
91.7%
Compensation of Officers* $382,413
16.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $13,252,577
Total Liabilities $103,839
Net Assets $13,148,738
Compensation
Key Employees and Officers Compensation Other
Paul Halme (Board Member) $61,500 $0
Martti Paloheimo (Board Member) $7,500 $0
George Paloheimo (Board Member) $4,500 $0
Morgan Halme (Board Member) $4,500 $0
George Paloheimo Jr (Board Member) $4,500 $0
+ View more people

Document Links

990-PF
Filed on Oct. 27, 2021

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,116,943
Expenses
$2,028,555
Net Income
-$911,612
Net Assets
$13,500,625
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $273,526
24.5%
Sales of Assets $253,278
22.7%
Other Income $35,649
3.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,815,549
89.5%
Compensation of Officers* $333,030
16.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $13,604,464
Total Liabilities $103,839
Net Assets $13,500,625

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,693,804
Expenses
$1,408,803
Net Income
$285,001
Net Assets
$16,762,429
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $305,075
18.0%
Sales of Assets $881,809
52.1%
Other Income -$132
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,227,723
87.1%
Compensation of Officers* $280,277
19.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $16,762,429
Total Liabilities $0
Net Assets $16,762,429

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,362,633
Expenses
$1,601,333
Net Income
-$238,700
Net Assets
$16,497,357
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $350,196
25.7%
Sales of Assets $499,004
36.6%
Other Income $15,736
1.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,344,513
84.0%
Compensation of Officers* $312,185
19.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $16,497,357
Total Liabilities $0
Net Assets $16,497,357

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,399,662
Expenses
$1,158,340
Net Income
$241,322
Net Assets
$16,826,098
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $312,721
22.3%
Sales of Assets $471,149
33.7%
Other Income $127,009
9.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $962,859
83.1%
Compensation of Officers* $213,739
18.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $16,826,098
Total Liabilities $0
Net Assets $16,826,098

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,000,674
Expenses
$1,706,896
Net Income
-$706,222
Net Assets
$16,669,352
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $338,894
33.9%
Sales of Assets $181,461
18.1%
Other Income $1,066
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,499,590
87.9%
Compensation of Officers* $276,771
16.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $16,669,352
Total Liabilities $0
Net Assets $16,669,352

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,144,525
Expenses
$2,358,111
Net Income
-$1,213,586
Net Assets
$17,438,362
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $394,630
34.5%
Sales of Assets $407,715
35.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,099,317
89.0%
Compensation of Officers* $348,653
14.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $17,438,362
Total Liabilities $0
Net Assets $17,438,362

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

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

PDF
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

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

PDF
PDF (2 of 2)
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

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

PDF

About This Data

What Is This Data?

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

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

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Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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