Parsons Blewett Memorial Fund
- Assets
- $69.8m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 3
- Location
- Saint Louis, MO
- Founding
- 03/1961
- Data as of
- 12/2023
- EIN
- 43-6003267
Organization Overview
Parsons Blewett Memorial Fund is located in Saint Louis, MO. The organization was established in 1961. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2023, Parsons Blewett Memorial Fund employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parsons Blewett Memorial Fund 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, Parsons Blewett Memorial Fund generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Parsons Blewett Memorial Fund has awarded 23 individual grants totaling $10,880,978. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SCHOLARSHIPS, GRANTS, NON-INTEREST BEARING LOANS AND RELIEF ASSISTANCE TO QUALIFIED ACTIVE AND RETIRED EDUCATION EMPLOYEES OF THE CITY OF ST. LOUIS PUBLIC SCHOOL SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIP GRANTS TO QUALIFIED ACTIVE EDUCATION EMPLOYEES OF THE ST. LOUIS CITY PUBLIC SCHOOL SYSTEM. NUMBER OF SCHOLARSHIPS/GRANTS = 311. THIS PROGRAM BENEFITS THE COMMUNITY AT LARGE BY ATTRACTING AND RETAINING EMPLOYEES TO PUBLIC SCHOOL SYSTEM, AS WELL AS BY IMPROVING THE JOB RELATED SKILLS OF THESE EMPLOYEES.
PROVIDE GRANTS TO THE ST. LOUIS CITY PUBLIC SCHOOL SYSTEM. NUMBER OF GRANTS = 9. THE SPECIAL GRANTS AID IN RECRUITING AND TRAINING EMPLOYEES IN HIGH NEED AREAS SUCH AS MATH AND SCIENCE. EDUCATORS CAN ATTAIN CERTIFICATION, WHICH IMPROVES THE JOB RELATED SKILLS OF THESE EMPLOYEES.
PROFESSIONAL DEVELOPMENT GRANTS PROVIDE FOR AN INDIVIDUAL AND/OR STAFF GROUP OF THE ST. LOUIS PUBLIC SCHOOLS TO PARTICIPATE IN WORKSHOPS AND PROFESSIONAL DEVELOPMENT PROGRAMS, SEMINARS OR ACTIVITIES WHICH MAY RESULT IN COLLEGE CREDITS. NUMBER OF GRANTS = 284
PROVIDE NON-INTEREST BEARING LOANS AND RELIEF ASSISTANCE TO QUALIFIED ACTIVE AND RETIRED EDUCATION EMPLOYEES OF ST. LOUIS CITY PUBLIC SCHOOL SYSTEM. NUMBER OF PERSONS BENEFITED = 5
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Keisha Scarlett President | OfficerTrustee | 1 | $0 |
Angela Banks Secretary/treasurer | OfficerTrustee | 1 | $0 |
The Honorable Darlene Green Trustee | Trustee | 1 | $0 |
Linda Riekes Trustee | Trustee | 1 | $0 |
Dejeanette Williams Trustee | Trustee | 1 | $0 |
Dr Alice Roach Admin. Director | Officer | 40 | $131,464 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,149,891 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,240,870 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,391,011 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,756,816 |
| Grants and other assistance to domestic individuals. | $1,138,113 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $170,423 |
| Compensation of current officers, directors, key employees. | $83,507 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $155,719 |
| Pension plan accruals and contributions | $25,469 |
| Other employee benefits | $0 |
| Payroll taxes | $20,532 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,704 |
| Fees for services: Accounting | $35,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $255,969 |
| Fees for services: Other | $51,524 |
| Advertising and promotion | $0 |
| Office expenses | $23,723 |
| Information technology | $8,551 |
| Royalties | $0 |
| Occupancy | $9,416 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,850 |
| Insurance | $2,462 |
| All other expenses | $4,475 |
| Total functional expenses | $3,692,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,217 |
| Savings and temporary cash investments | $677,060 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,229 |
| Net Land, buildings, and equipment | $8,696 |
| Investments—publicly traded securities | $68,544,386 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $438,689 |
| Total assets | $69,819,277 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,069 |
| Total liabilities | $2,069 |
| Net assets without donor restrictions | $69,817,208 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $69,819,277 |
Grants Awarded
Over the last fiscal year, Parsons Blewett Memorial Fund has awarded $1,756,816 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ST LOUIS PUBLIC SCHOOLS PURPOSE: THE FOCUS IS ON PROFESSIONAL DEVELOPMENT FOR TEACHERS PRESENTED BY TEACHERS. | $735,741 |
ST LOUIS PUBLIC SCHOOLS PURPOSE: CONFERENCES AND SEMINARS | $73,700 |
ST LOUIS PUBLIC SCHOOLS PURPOSE: TO ALLOW TEACHERS TO PURSUE FURTHER CERTIFICATIONS | $947,375 |