The Pallet Foundation Inc

EIN: 541798031 501(c)(3) Science & Technology

Alexandria, VA

Total Revenue
$636,061
Total Expenses
$478,747
Total Assets
$3,530,322
Net Assets
$3,513,159
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
VA
Phone
7035196104
Tax Period
2024-01-01 to 2024-12-31

The Pallet Foundation Inc, founded in 1996, is a small nonprofit in the Science & Technology sector that reported $195K in total revenue in fiscal year 2018. Revenue fell 56% from the prior year — a significant decline worth monitoring. Net assets of $1.6M represent 95 months of operating reserves.

Mission

The Pallet Foundation supports research, education/training and safety in the wood packaging industry while promoting the industry to end-users.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $548,444
Program Service Revenue $0
Investment Income $87,617
Other Revenue $0
TOTAL REVENUE $636,061

Expense Breakdown

Grants Paid $42,500
Salaries & Benefits $0
Fundraising Expenses $2,357
Program Expenses $321,290
Other Expenses $436,247
TOTAL EXPENSES $478,747

Year-over-Year Comparison

2024 2023 Change
Revenue $636,061 $697,800 -0.1%
Expenses $478,747 $499,727 0.0%
Net Income $157,314 $198,073 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
23
Independent Members
23
Employees
N/A
Volunteers
21

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jordan Piland Trustee 2.00
Director
$0 $0 $0
Clint Binley Trustee 2.00
Director
$0 $0 $0
Chaille Brindley Jr Trustee 2.00
Director
$0 $0 $0
Bill MacCauley Trustee 2.00
Director
$0 $0 $0
Bill Schneider Trustee 2.00
Director
$0 $0 $0
Jimmy Wilson Trustee 2.00
Director
$0 $0 $0
Steve Yelland Chair 2.00
Officer Director
$0 $0 $0
Kathleen Dietrich Trustee 2.00
Director
$0 $0 $0
Mitchell Kamps Trustee 2.00
Director
$0 $0 $0
Frank Shean Vice Chair 2.00
Officer Director
$0 $0 $0
Carolyn Beach-Skinner Trustee 2.00
Director
$0 $0 $0
Scott Vipond Trustee 2.00
Director
$0 $0 $0
Rob Trexler Trustee 0.00
Director
$0 $0 $0
Scott Harrington Trustee 0.00
Director
$0 $0 $0
Luke Wenner Trustee 2.00
Director
$0 $0 $0
Larry Howell Trustee 2.00
Director
$0 $0 $0
Jeff Williams Trustee 2.00
Director
$0 $0 $0
Greg Wine Trustee 2.00
Director
$0 $0 $0
Sukhi Brar Trustee 2.00
Director
$0 $0 $0
Julie DeRoush Trustee 2.00
Director
$0 $0 $0
Mike Hachtman Trustee 2.00
Director
$0 $0 $0
Justin Karoly Trustee 2.00
Director
$0 $0 $0
Kurt Larsen Trustee 2.00
Director
$0 $0 $0
Brent McClendon Secretary 5.00
Officer
$0 $0 $0
Michael Saylor Treasurer 5.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $636,061 $478,747 $3,530,322 $157,314
2023 $697,800 $499,727 $3,144,725 $198,073
2022 $589,163 $353,434 $2,617,050 $235,729
2021 $720,970 $233,920 $2,718,511 $487,050
2020 $532,650 $230,006 $2,227,532 $302,644
2019 $556,847 $197,409 $1,949,864 $359,438
2018 $195,066 $205,638 $1,595,020 $-10,572
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