Parsen Foundation
- Assets
- $1.2m
- Revenue
- $47.5k
- Investments
- $1.2m
- Employees
- 0
- Location
- Waterloo, NE
- Founding
- 08/2013
- Data as of
- 12/2021
- 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 12/2021, Parsen Foundation generated $47.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $37.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Parsen Foundation has awarded 58 individual grants totaling $286,171. 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 | $12,994 | |
Mary Lundgren Vice President | 0 | $0 | |
Kristin Lundgren Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $32,318 |
| Dividends & Interest | $4 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,219 |
| Capital Gain Net Income | $15,219 |
| Net ST Capital Gain | $2,320 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47,541 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,994 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $994 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26 |
| Total operating and administrative expenses | $24,471 |
| Contributions, gifts, grants paid | $12,500 |
| Total expenses and disbursements | $36,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,068 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $21,000 |
| 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 | $1,211,467 |
| 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 | $1,989 |
| Total liabilities | $1,989 |
Grants Awarded
Over the last fiscal year, Parsen Foundation has awarded $12,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MUDDY PAWS SECOND CHANCE RESCUE PURPOSE: ASSISTING PET RESCUE WITH REHOMING, EDUCATION, VET AND OTHER COSTS | $10,000 |
Little Elm, TX PURPOSE: ASSISTANCE TO YOUTH SOCCER SPORTS. | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Src Benefit Programs Trust Springfield, MO | $118,089 | $9,937,850 |
Steel & Pipe Supply Company Inc Voluntary Employees Beneficiary Tr Manhattan, KS | $1,575,827 | $5,668,085 |
William H And Carrie Gottsche Foundation Thermopolis, WY | $15,267,869 | $5,413,273 |
Eric P And Evelyn Newman Charitable Foundation Saint Louis, MO | $112,434,986 | $5,417,714 |
Hennessey Charitable Trust Dubuque, IA | $69,986,391 | $0 |
Emerald Gate Charitable Trust Jackson, WY | $143,120,759 | $36,236,406 |
Marvin S Robinson Charitable Tr Manhattan, KS | $11,920,559 | $11,406,956 |
Marie H Bechtel Charitable Trust Davenport, IA | $48,721,172 | $1,150,391 |
Interco Charitable Trust St Louis, MO | $0 | $2,555,755 |
Ann & Gary Dickinson Family Charitable Foundation Kansas City, MO | $19,054,311 | $2,660,965 |
Holthues Tr Muscatine, IA | $22,886,855 | $2,685,899 |
Newton Foundation Jackson, WY | $19,007,412 | $862,510 |