Parman Family Foundation
- Assets
- $264.9k
- Revenue
- $17.5k
- Investments
- $244.8k
- Employees
- 0
- Location
- Califon, NJ
- Founding
- 12/1999
- Data as of
- 12/2022
- EIN
- 43-1833908
Organization Overview
Parman Family Foundation is located in Califon, NJ. The organization was established in 1999. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Parman 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 12/2022, Parman Family Foundation generated $17.5k in total revenue. All expenses for the organization totaled $61.8k during the year ending 12/2022. While expenses have increased by 125.3% per year over the past 7 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,271 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,189 |
| Capital Gain Net Income | $12,189 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,460 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $21,167 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,311 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,212 |
| Printing and publications | $0 |
| Other expenses | $4,907 |
| Total operating and administrative expenses | $41,197 |
| Contributions, gifts, grants paid | $20,600 |
| Total expenses and disbursements | $61,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,104 |
| Savings and temporary cash investments | $0 |
| 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 | $244,754 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $264,858 |
| 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 | $2,721 |
| Total liabilities | $2,721 |
Grants Awarded
Over the last fiscal year, Parman Family Foundation has awarded $20,600 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR HUMANITY PURPOSE: CHARITABLE | $1,500 |
FIRST BAPTIST CHURCH PURPOSE: CHARITABLE | $100 |
MANE STREAM PURPOSE: CHARITABLE | $1,500 |
OKLAHOMA COUNCIL OF PUBLIC AFFAIRS PURPOSE: CHARITABLE | $5,000 |
CREST HAVEN ACADEMY PURPOSE: CHARITABLE | $5,000 |
KIRBY STEVENS SCHOLARSHIP PURPOSE: CHARITABLE | $7,500 |