Roy And Myrtle Parsons Test Charitable Tr
- Assets
- $2.2m
- Revenue
- $67.8k
- Investments
- $1.4m
- Employees
- 0
- Location
- Hugoton, KS
- Founding
- 06/2002
- Data as of
- 12/2021
- EIN
- 04-6977049
Organization Overview
Roy And Myrtle Parsons Test Charitable Tr is located in Hugoton, KS. The organization was established in 2002. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roy And Myrtle Parsons Test Charitable Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Roy And Myrtle Parsons Test Charitable Tr generated $67.8k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $77.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.3%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Roy And Myrtle Parsons Test Charitable Tr has awarded 40 individual grants totaling $255,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Opal Hall Co-Trustee | 10 | $2,447 | |
Clark Young Co-Trustee | 10 | $2,447 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,368 |
| Dividends & Interest | $25,826 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,315 |
| Capital Gain Net Income | $18,315 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,310 |
| Total Revenue | $67,819 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,894 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,105 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $11,109 |
| Contributions, gifts, grants paid | $66,500 |
| Total expenses and disbursements | $77,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,125 |
| Savings and temporary cash investments | $570,073 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,350,436 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $185,200 |
| Total assets | $2,172,111 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Roy And Myrtle Parsons Test Charitable Tr has awarded $66,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
MOSCOW SENIOR CENTER PURPOSE: OPERATIONS | $11,000 |
USD 210 PURPOSE: SCHOLARSHIPS | $10,000 |
HUGOTON RECREATION COMMISSION PURPOSE: OPERATIONS | $10,000 |
STEVENS COUNTY 4-H PURPOSE: OPERATIONS | $8,200 |
STEVENS CO FITNESS CENTER PURPOSE: OPERATIONS | $7,000 |
STEVENS COUNTY FAIR PURPOSE: OPERATIONS | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union Pacific Foundation Omaha, NE | $336,276 | $9,519,950 |
Anheuser-Busch Foundation Clayton, MO | $1,201,059 | $8,412,886 |
Schlessman Foundation Inc Denver, CO | $82,645,895 | $9,127,697 |
Robert M Beren Foundation Inc Wichita, KS | $0 | $13,792,730 |
Steward Family Foundation St Louis, MO | $23,736 | $8,567,873 |
Hermann Family Foundation St Louis, MO | $60,142,710 | $16,411,582 |
A W Baldwin Charitable Foundation Inc Leawood, KS | $13,708,852 | $4,775,692 |
Leland J And Dorothy H Olson Charitable Fountation Omaha, NE | $59,544,198 | $8,036,267 |
Ibew-124 Vacation And Holiday Trust Fund Kansas City, MO | $7,490,902 | $8,580,106 |
William T Kemper Foundation Commerce Bank Of Kansas City N A T Kansas City, MO | $279,723,609 | $35,092,303 |
Merlin Foundation Boulder, CO | $11,755,104 | $10,100,928 |
Henry A Davis Foundation Omaha, NE | $67,081,811 | $59,214,203 |