Palma School Foundation
Donations deductibleRevenue
$2.6m
year to 31 December 2024
Expenses
$2.3m
year to 31 December 2024
Total assets
$2.8m
$0 liabilities
Net assets
$2.8m
assets less liabilities
Directors and trustees
7
6.1y av
Staff
0
employees, year to 31 December 2024
Left since last filing
0
no seats appear to have opened
Voting members
8
reported in Part VI
Palma School Foundation's network
7 people1 organisationi7 people and 1 organisation on this map.The large node is the subject of this page. Solid lines are what the register itself records (7). Violet dotted lines (1) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
7 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Tenure and departures are observed across annual filings. Observed tenure is a lower bound - a member may have joined before the first year on record. The organisation reported 8 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Amy Haas | Director | 2020 | 6 yrs |
| Gina Cochetti | Treasurer | 2021 | 5 yrs |
| John Mazzei | Company secretary | 2020 | 6 yrs |
| John McCarthy | Director | 2020 | 6 yrs |
| Kim Costa | Director | 2020 | 6 yrs |
| Mark Clifton | Director | 2021 | 5 yrs |
| Matthew Ottone | President | 2020 | 6 yrs |
Under 5 years5 to 6 years6 years or more
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Matthew Ottone | President | 2 | $0 | ||
| John Mazzei | Secretary | 1 | $0 | ||
| John McCarthy | Director | 1 | $0 | ||
| Amy Haas | Director | 1 | $0 | ||
| Kim Costa | Director | 1 | $0 | ||
| Mark Clifton | Director | 1 | $0 | ||
| Gina Cochetti | Treasurer | 1 | $0 |
No pay was reported for anyone in Part VII on this return.
About
- Legal name
- Palma School Foundation
- EIN
- 464896381
- Address
- 1418 S Main St Ste 203, Salinas, CA, 93908-8834
- State
- California
- Mission
- The mission of the palma school foundation is to financially support the educational programs and mission of palma school for the benefit of its students and community consistent with the schools mission to provide young men an excellent college preparatiory education in a roman catholic environment that embraces the essential elements of an edmund rice christian brother education and... (as filed on the Form 990)
- Activity (NTEE)
- B12 Education
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Education
- Size band
- 6 (IRS master file code)
- Formed
- 2013
- Principal officer
- Matthew Ottone (as named on the Form 990)
- IRS ruling date
- 1 February 2020
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 5, latest 2024
- IRS Publication 78
- PC (contributions deductible)
Most connected
Longest observed on the filings
≥6years on the filingsAmy Haas
≥6years on the filingsJohn Mazzei
≥6years on the filingsJohn McCarthy
≥6years on the filingsKim Costa
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $2.8m
- Total liabilities
- $0
- Net assets or fund balances
- $2.8m
- Contributions and grants received
- $2.5m
- Program service revenue
- $0
- Grants and similar paid out
- $2.2m
- Employees
- 0
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $2.6m | $2.3m | $339k |
As filed on the IRS Form 990. US dollars.
Grants paid
1 listediFrom Schedule I of the Form 990: grants and assistance to organisations in the United States, largest first (up to 25). Schedule I is filed only by organisations that gave more than $5,000 to any one recipient.| Recipient | Purpose | Amount |
|---|---|---|
| Christian Brothers Institute of California Dba Palma School | Operations support & gym improvements | $2.2m |