Palmer College Foundation

Also known as Palmer College of Chiropractic

Davenport, IA · EIN 42-6081293 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Palmer College Foundation reported $107.2 million in revenue and $77.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $73.71 went to program services, $25.78 to management and general costs and $0.51 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 76.0% of the total. The highest compensation it reported for one person was $1,336,440 (PRESIDENT/CEO). 64 people received more than $100,000 in reportable compensation. Revenue rose 47% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $77M

Program services$73.71 $57M
Management & general$25.78 $20M
Fundraising$0.51 $392K

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $107M

Contributions & grants (non-government)$1.09 $1.2M
Government grants$1.89 $2.0M
Program service revenue$75.96 $81M
Investment income$17.15 $18M
Other revenue$3.91 $4.2M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
Measure	FY2025	Median
Program services Part IX 25(B) ÷ 25(A)	73.7%	84.4%
Management & general Part IX 25(C) ÷ 25(A)	25.8%	13.4%
Fundraising Part IX 25(D) ÷ 25(A)	0.5%	0.8%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.12	$0.04
Contributions & grants share of revenue Part VIII 1h ÷ 12	3.0%	19.1%
Government grants share of revenue Part VIII 1e ÷ 12	1.9%	1.1%
Program service revenue share Part VIII 2g ÷ 12	76.0%	69.9%
Highest reported compensation Part VII-A, columns D–F	$1,336,440	$331,578
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	1.73%	1.28%
People paid over $100,000 Part VII, line 2	64	8
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	44.3	13.3
Independent voting board members Part VI 1a–1b	11 of 12	100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense

$38M expenses · 66.9% of program spending · grants $3.6M · revenue $79M

Palmer College educates students with a doctor of chiropractic degree. Students are provided classroom and lab instruction to learn the science, art and philosophy of chiropractic. Enrollment for the spring 2025 term was 1,943 students

$9.5M expenses · 16.8% of program spending · revenue $1.4M

Palmer College operates chiropractic clinics to extend the student education from the classroom to direct patient care. The doctor of chiropractic degree is a 10 trimester program of which the final 1/3 is spent in the clinic setting working with patients. Student tuition reported above is used to offset the cost of clinic operations

$2.7M expenses · 4.7% of program spending

Palmer center for chiropractic research is dedicated to impacting patient care and policy through research, analysis and intelligence. Pccr takes a comprehensive approach to research focusing on basic and clinical sciences in addition to health services work. Grant income received during the year was just over $1,100,000

$6.6M all other programs (line 4d)

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here

Role	From this org	From related orgs	Other	Total
PRESIDENT/CEO Officer, 30.00 hrs/week	$1,207,266	$0	$129,174	$1,336,440
PROVOST/EXECUTIVE VICE PRESIDENT Officer, 40.00 hrs/week	$299,667	$0	$128,835	$428,502
VICE CHANCELLOR FINANCE/TREASURER Officer, 30.00 hrs/week	$240,409	$0	$108,156	$348,565
VICE CHANCELLOR Highest compensated employee, 40.00 hrs/week	$214,841	$0	$51,766	$266,607
DEAN OF RESEARCH Highest compensated employee, 40.00 hrs/week	$218,026	$0	$47,220	$265,246
VICE CHANCELLOR OF ADMISSIONS Highest compensated employee, 40.00 hrs/week	$214,360	$0	$50,247	$264,607
VICE CHANCELLOR Highest compensated employee, 40.00 hrs/week	$209,118	$0	$50,757	$259,875
DIRECTOR OF CLINIC RADIOLOGY Highest compensated employee, 40.00 hrs/week	$230,807	$0	$13,385	$244,192

64 people received more than $100,000 in reportable compensation from Palmer College Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.8M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked

RevenueExpenses

Filing	Revenue	Expenses	Programs	Net assets	Top pay
FY2025 ⓘ	$107M	$77M	73.7%	$285M	$1,336,440
FY2024 ⓘ	$94M	$73M	72.7%	$260M	$617,910
FY2023 ⓘ	$90M	$70M	74.7%	$238M	$613,153
FY2022 ⓘ	$91M	$65M	76.7%	$209M	$585,704
FY2021 ⓘ	$79M	$63M	77.4%	$203M	$590,248
FY2020 ⓘ	$73M	$65M	68.9%	$172M	$562,993

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means

Voting board members, and how many are independent Part VI, lines 1a–1b12 · 11 independent
Audited financial statements Part XII 2bYes
Conflict-of-interest policy Part VI 12aYes
Whistleblower policy Part VI 13Yes
Document retention policy Part VI 14Yes
Independent process for top executive pay Part VI 15aYes
Board given the 990 before filing Part VI 11aYes
Family or business ties among insiders Part VI 2No
Aware of a significant diversion of assets Part VI 5No
Excess benefit transaction with an insider Part IV 25aNo
Loans to or from insiders outstanding Part IV 26No
Lobbying, or a 501(h) election in effect Part IV 4No
Over $15,000 of professional fundraising services Part IV 18Yes
Over $10,000 of activity outside the U.S. Part IV 14bNo
Employees Part I, line 5992
Volunteers Part I, line 6400

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only

ESTES COMPANY Campus construction projects	$1,507,108
ARAMARK Campus food services	$1,134,130
MAD FISH DIGITAL Advertising services	$962,377
FBG SERVICE CORPORATION Campus janitorial services	$904,390
PER MAR SECURITY SERVICES Campus security services	$836,410

Individuals listed as contractors are left out. 28 contractors were paid more than $100,000 in all.

Private foundation grants it received

3 private foundations reported grants to Palmer College Foundation totaling $12,693 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Palmer College Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Palmer College Foundation, you can publish a response that is linked from this page.

Report a correction Respond as Palmer College Foundation How this works

Similar-sized charities in this cause

New England Institute of Technology
East Greenwich, RI · revenue $107M · programs 100.0% · FY2025
Bethune-Cookman University
Daytona Beach, FL · revenue $107M · programs 83.2% · FY2025
Wake Forest University Health Sciences Group Return
Winstonsalem, NC · revenue $107M · programs 89.7% · 2024
Otterbein University
Westerville, OH · revenue $107M · programs 87.6% · FY2025
Brenau University
Gainesville, GA · revenue $107M · programs 89.2% · FY2025

All education charities · Largest charities in Iowa

Questions people ask

How much of Palmer College Foundation's spending goes to programs?

In the fiscal year ending June 30, 2025, Palmer College Foundation reported that 73.7% of its $77.2 million in expenses went to program services, 25.8% to management and general and 0.5% to fundraising (Form 990, Part IX).

How much does Palmer College Foundation pay its top executive?

The largest total compensation Palmer College Foundation reported for one person in the fiscal year ending June 30, 2025 was $1,336,440, for the role of PRESIDENT/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Palmer College Foundation get its money?

Of $107.2 million in revenue in the fiscal year ending June 30, 2025, 3.0% came from contributions and grants (including 1.9% from government grants) and 76.0% from program service revenue (Form 990, Part VIII).

Is Palmer College Foundation a registered charity?

The IRS lists EIN 42-6081293 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202640989349301524 · read the filing · XML
FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202530559349301123 · read the filing
FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202440579349301429 · read the filing
FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202330539349300913 · read the filing
FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221339349300242 · read the filing
FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202110779349300316 · read the filing

All filings for EIN 42-6081293: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.