Parks Family Foundation
- Assets
- $493.6k
- Revenue
- $44.7k
- Investments
- $478.7k
- Employees
- 0
- Location
- Armonk, NY
- Founding
- 10/1990
- Data as of
- 04/2022
- EIN
- 13-3531982
Organization Overview
Parks Family Foundation is located in Armonk, NY. The organization was established in 1990. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parks Family Foundation 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 04/2022, Parks Family Foundation generated $44.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $34.8k during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Parks Family Foundation has awarded 16 individual grants totaling $201,600. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLEASE NOTE THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER INTERNAL
REVENUE CODE SECTION 501 (C) (3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Ralph Parks Jr Trustee | 2 | $0 | |
Gwendoline Parks Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,172 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,476 |
| Capital Gain Net Income | $35,476 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $44,748 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,784 |
| Total operating and administrative expenses | $8,784 |
| Contributions, gifts, grants paid | $26,000 |
| Total expenses and disbursements | $34,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,832 |
| 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 | $135,053 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $493,577 |
| 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, Parks Family Foundation has awarded $26,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Austin, TX PURPOSE: UNRESTRICTED CONTRIBUTION | $10,000 |
Washington, DC PURPOSE: UNRESTRICTED CONTRIBUTION | $5,000 |
21ST CENTURY HEROES TEAM PURPOSE: UNRESTRICTED CONTRIBUTION | $5,000 |
LANCE CPL DAVID ESPINOZA PURPOSE: UNRESTRICTED CONTRIBUTION | $5,000 |
Hobe Sound, FL PURPOSE: UNRESTRICTED CONTRIBUTION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usta Foundation Incorporated White Plains, NY | $21,092,938 | $14,501,704 |
Womens Sports Foundation New York, NY | $6,988,365 | $6,164,478 |
Roy A Hunt Foundation Pittsburgh, PA | $0 | $8,030,266 |
Pennsylvania National Horse Show Foundation Harrisburg, PA | $536,390 | $3,371,373 |
Sports Humanitarian Group Inc New York, NY | $2,335,161 | $3,283,483 |
Fisher Brothers Foundation Inc New York, NY | $22,918 | $2,660,000 |
Emerald Necklace Conservancy Inc Boston, MA | $8,051,626 | $2,747,205 |
Boston Celtics Shamrock Foundation Inc Boston, MA | $4,628,419 | $2,472,542 |
Kelly S Brush Foundation Burlington, VT | $1,595,240 | $2,359,951 |
Reamstown Athletic Association Reamstown, PA | $734,775 | $1,303,779 |
Connecticut Cancer Foundation Inc Old Saybrook, CT | $10,759,734 | $1,881,982 |
Fishoff Family Foundation Flushing, NY | $3,998,225 | $548,703 |