Bob And Renee Parsons Foundation
- Assets
- $28.1m
- Revenue
- $26.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 12/2011
- Data as of
- 12/2020
- EIN
- 45-2713666
Organization Overview
Bob And Renee Parsons Foundation is located in Scottsdale, AZ. The organization was established in 2011. 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. Bob And Renee Parsons 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 12/2020, Bob And Renee Parsons Foundation generated $26.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $26.6m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bob And Renee Parsons Foundation has awarded 328 individual grants totaling $236,148,168. 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 |
|---|---|---|---|
Robert Parsons President | 5 | $0 | |
Renee Labelle Parsons Vice President | 5 | $0 | |
Anne O'moore Treasurer | 2 | $0 | |
Laura Mitchell Exec Director | 40 | $0 | |
Marianna Curran-Guenther Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $26,490,222 |
| Interest on Savings | $16,381 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,506,603 |
| 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 | $57,553 |
| Printing and publications | $0 |
| Other expenses | $35,221 |
| Total operating and administrative expenses | $116,423 |
| Contributions, gifts, grants paid | $26,478,360 |
| Total expenses and disbursements | $26,594,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $757,031 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $27,329,881 |
| 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 | $0 |
| Total assets | $28,086,912 |
| Accounts payable and accrued expenses | $1,363 |
| Grants payable | $28,079,881 |
| 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 | $28,081,244 |
Grants Awarded
Over the last fiscal year, Bob And Renee Parsons Foundation has awarded $42,846,891 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
SEMPER FI FUND PURPOSE: TO PROVIDE IMMEDIATE FINANCIAL SUPPORT FOR INJURED AND CRITICALLY ILL MEMBERS OF THE U.S. ARMED FORCES AND THEIR FAMILIES. | $10,470,000 |
SEMPER FI FUND PURPOSE: TO PROVIDE IMMEDIATE FINANCIAL SUPPORT FOR INJURED AND CRITICALLY ILL MEMBERS OF THE U.S. ARMED FORCES AND THEIR FAMILIES. | $10,000,000 |
Los Angeles, CA PURPOSE: HURRICANE LAURA RELIEF SUPPORT | $2,005,921 |
Phoenix, AZ PURPOSE: THE PARSONS' DREAMERS SCHOLARSHIP FUND | $2,000,000 |
ASU FOUNDATION PURPOSE: EXPANSION OF THE ASU MATH & SCIENCE ACADEMY | $2,000,000 |
MAPS PURPOSE: SUPPORT FOR THE ADVANCEMENT OF PSYCHEDELIC THERAPIES FOR THE TREATMENT OF PTSD | $1,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bob And Renee Parsons Foundation has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Kahn Family Charitable Foundation Wellesley, MA PURPOSE: PROGRAM SUPPORT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Koum Family Foundation Palo Alto, CA | $2,010,566,070 | $59,411,015 |
The David Geffen Foundation Los Angeles, CA | $481,191,890 | $36,420,193 |
Waverley Street Foundation Palo Alto, CA | $2,988,003,660 | $1,311,729,919 |
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |