Robert W & Maxine C Parker Foundation Inc
- Assets
- $2.5m
- Revenue
- $320.6k
- Investments
- $2.1m
- Employees
- 0
- Location
- Howell, MI
- Founding
- 08/1988
- Data as of
- 12/2023
- EIN
- 38-2795440
Organization Overview
Robert W & Maxine C Parker Foundation Inc is located in Howell, MI. The organization was established in 1988. 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. Robert W & Maxine C Parker Foundation Inc 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 12/2023, Robert W & Maxine C Parker Foundation Inc generated $320.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $240.4k during the year ending 12/2023. While expenses have increased by 3.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Robert W & Maxine C Parker Foundation Inc has awarded 141 individual grants totaling $1,545,744. 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 |
|---|---|---|---|
Andrew D Parker Pres/trustee | 0 | $6,000 | |
T Gilbert Parker Sec/treas/tr | 0 | $6,000 | |
Donald S Parker Vice Pres/tr | 0 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,234 |
| Dividends & Interest | $115,223 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $202,158 |
| Capital Gain Net Income | $202,158 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $320,615 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,463 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,684 |
| Total operating and administrative expenses | $32,397 |
| Contributions, gifts, grants paid | $208,000 |
| Total expenses and disbursements | $240,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $435,708 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,208 |
| Total assets | $2,538,502 |
| 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, Robert W & Maxine C Parker Foundation Inc has awarded $208,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ARC OF LIVINGSTON PURPOSE: CHARITABLE | $5,000 |
BIBLE BAPTIST CHURCH PURPOSE: RELIGIOUS | $5,000 |
DUCKS UNLIMITED PURPOSE: EDUCATIONAL | $2,500 |
FAMILY IMPACT CENTER PURPOSE: HUMANITARIAN | $20,000 |
HOWELL AREA HISTORICAL SOCIETY PURPOSE: EDUCATIONAL | $5,000 |
BOYS TOWN PURPOSE: HUMANITARIAN | $5,000 |