L&r Parker Family Foundation
- Assets
- $2.4m
- Revenue
- $301.1k
- Investments
- $1.6m
- Employees
- 0
- Location
- Whitehouse, TX
- Founding
- 12/2015
- Data as of
- 12/2023
- EIN
- 47-2649193
Organization Overview
L&r Parker Family Foundation is located in Whitehouse, TX. The organization was established in 2015. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. L&r Parker 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 12/2023, L&r Parker Family Foundation generated $301.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.9% each year . All expenses for the organization totaled $463.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, L&r Parker Family Foundation has awarded 22 individual grants totaling $672,575. 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 |
|---|---|---|---|
Larry S Parker President | 1 | $0 | |
Rhonda A Parker Secretary | 1 | $0 | |
Brandon K Parker Vice President | 1 | $0 | |
Brooke D Parker Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $62,000 |
| Interest on Savings | $70,227 |
| Dividends & Interest | $41,665 |
| 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 | $127,247 |
| Total Revenue | $301,139 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3,326 |
| Taxes | $6,947 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,025 |
| Total operating and administrative expenses | $12,598 |
| Contributions, gifts, grants paid | $450,575 |
| Total expenses and disbursements | $463,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $444,736 |
| 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 | $1,570,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $346,520 |
| Total assets | $2,361,256 |
| 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 | $42,478 |
| Total liabilities | $42,478 |
Grants Awarded
Over the last fiscal year, L&r Parker Family Foundation has awarded $450,575 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVING DREAMS OF TYLER PURPOSE: OPERATIONS | $575 |
BETHESDA HEALTH CLINIC PURPOSE: DAILY OPERATIONS | $20,000 |
EAST TEXAS FOOD BANK PURPOSE: DAILY OPERATIONS | $10,000 |
ROSE HEIGHTS CHURCH PURPOSE: MISSIONS | $305,000 |
FRIENDS OF SKY RANCH INC PURPOSE: DAILY OPERATIONS | $90,000 |
EKISA MINISTRIES INTERNATIONAL PURPOSE: DAILY OPERATIONS | $25,000 |