Virginia · Nonprofit
The Pallet Foundation Inc
The Pallet Foundation Inc (Virginia) receives grants from 5 organizations whose IRS filings report $324,250 to it, the largest being Way Foundation Inc ($174,250). 2 of them have funded it in more than one year.
- Revenue FY2024
- $636k
- Funders on record
- 5
- Grants received
- $324k
- Net assets
- $3.5M
What The Pallet Foundation Inc does
Mission
The Pallet Foundation supports research, education/training and safety in the wood packaging industry while promoting the industry to end-users.
As stated on its FY2024 Form 990.
Programs
The Pallet Design System (PDS) is an engineering, design and marketing tool, you can dwesign the optimum pallet by scientifically determining the safe load carrying capacity, performance and material quality needed. PDS takes end-user requirements into consideration as it uses fundamantal engineering principles to calculate and examine ech possible solution.
$197,376 spent61% of program spendingThe Foundation continues to fund research with Virginia Tech University to explore the modeling of the quality of wood pallets & circulation in the US
$42,500 spent13% of program spendingNatures Packaging is a campaign designed to promote the benefits of wood packaging. It will supply research and analytical support to gather environmental facts and figures on issues such as life cycle analysis, forest sustainability, certification and wood recycling programs.
$40,238 spent$52,905 earned by the program13% of program spendingThe Pallet & Containier Lab located at Virginia Tech University continues to provide testing research on various types of pallets and wood species. In addition, Simulation testing was used to test the longevity of the Pallet, which goes into the equation to calculate the environmental impact.
$31,176 spent10% of program spendingThe Foundation has hired a consultant to provide strategic advice and a historical perspective on all aspects of ISPM 15. He writes summary briefs, participates in meetings and conferences and represents the Pallet industry a various meetings and conferences.
$10,000 spent3% of program spending
The 5 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $321,290.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $2.6M to $3.1M (+20%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
86% of The Pallet Foundation Inc’s revenue is contributions — more donation-reliant than the typical peer (79% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Steve Yelland
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2018 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $30k → $39k.
3 of 5 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 39% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $106k from one payer (the payer shares this organization's board, largest Western Pallet Association). These are real filings, and they are not money The Pallet Foundation Inc raised.
From the IRS filings of The Pallet Foundation Inc’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
The Pallet Foundation Inc leans on a few funders — its largest provides 54% of grant income and the top three 91%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
39% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund The Pallet Foundation Inc.
Largest funder’s share by year: 2018 100% · 2019 100% · 2020 100% · 2021 100% · 2022 67% · 2023 78% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
The Pallet Foundation Inc draws 100% of its grant income from funders outside Virginia, across 2 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $128k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
The Pallet Foundation Inc holds deeper cash reserves than three-quarters of the 793 science & tech nonprofits its size.
this organization peer median middle 50% of peers· 793 science & tech nonprofits $100k–$1M, FY2024
Organizations like The Pallet Foundation Inc
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Virginia
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
67% of spending goes to programs.
Governance
Public support
80%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 1 related entity
- National Wooden Pallet & Container · exempt
Screen this organization
A dated, signed PDF of the compliance screen for The Pallet Foundation Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds The Pallet Foundation Inc?
- The Pallet Foundation Inc (Virginia) receives grants from 5 organizations whose IRS filings report $324,250 to it, the largest being Way Foundation Inc ($174,250). 2 of them have funded it in more than one year.
- How many funders does The Pallet Foundation Inc have?
- IRS filings report 5 organizations giving $324,250 in grants to The Pallet Foundation Inc, 2 of which have funded it in more than one year.
- Who is the largest funder of The Pallet Foundation Inc?
- Way Foundation Inc is the largest funder on record, with $174,250 in grants. The full list of funders is on this page.
- How can an organization like The Pallet Foundation Inc find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 5 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing