Parsen Foundation
- Assets
- $1.2m
- Revenue
- $31.8k
- Investments
- $1.1m
- Employees
- 0
- Location
- Waterloo, NE
- Founding
- 08/2013
- Data as of
- 12/2022
- EIN
- 46-1036605
Organization Overview
Parsen Foundation is located in Waterloo, NE. The organization was established in 2013. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Parsen 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, Parsen Foundation generated $31.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $70.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Parsen Foundation has awarded 64 individual grants totaling $332,596. 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 Lundgren President | 10 | $0 | |
Mary Lundgren Vice President | 0 | $0 | |
Kristin Lundgren Treasurer | 10 | $15,597 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $32,541 |
| Dividends & Interest | $286 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,010 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,817 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,597 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,096 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $42 |
| Total operating and administrative expenses | $24,109 |
| Contributions, gifts, grants paid | $46,425 |
| Total expenses and disbursements | $70,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $34,210 |
| 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 | $0 |
| Total assets | $1,174,551 |
| 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 | $3,790 |
| Total liabilities | $3,790 |
Grants Awarded
Over the last fiscal year, Parsen Foundation has awarded $46,425 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NE CHILDREN FAMILIES FOUNDATION PURPOSE: ASSISTANCE TO FOUNDATION TO PREVENT CHILD ABUSE AND NEGLECT. | $11,000 |
BEST BUDDIES - DALLAS PURPOSE: DONATION TO ASSIST INDIVIDUALS WITH DEVELOPMENTAL AND INTELLECTUAL DISABILITIES. | $10,000 |
AKSARBEN FOUNDATION PURPOSE: ASSISTANCE WITH CONNECTING CHARITABLE INITIATIVES WITH BUSINESS LEADERS. | $3,425 |
HIGH PLAINS PAW PURPOSE: ASSISTANCE WITH PROVIDING LOW COST VETERINARY SERVICES TO RURAL COMMUNITIES. | $10,000 |
HABITAT FOR HUMANITY PURPOSE: ASSISTANCE WITH PROVIDING HOUSING FOR LOW-INCOME FAMILIES. | $2,000 |
HEALTHY HOUSING OMAHA PURPOSE: ASSISTANCE WITH IMPROVING HOUSING CONDITIONS FOR LOW-INCOME FAMILIES. | $10,000 |