Parsons Area Community Foundation
- Assets
- $10.0m
- Revenue
- $542.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Parsons, KS
- Founding
- 09/1999
- Data as of
- 12/2022
- EIN
- 48-1152358
Organization Overview
Parsons Area Community Foundation is located in Parsons, KS. The organization was established in 1999. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 12/2022, Parsons Area Community Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parsons Area Community 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, Parsons Area Community Foundation generated $542.9k 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 (3.1%) each year. All expenses for the organization totaled $626.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Parsons Area Community Foundation has awarded 147 individual grants totaling $3,102,375. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO IMPROVE THE QUALITY OF LIFE IN THE GREATER PARSONS AREA BY INCREASING THE OPPORTUNITIES FOR CHARITABLE GIVING, CONNECTING DONORS TO COMMUNITY NEEDS AND PROVIDING LEADERSHIP ON IMPORTANT COMMUNITY ISSUES NOW AND FOR FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CITY OF PARSONS
GRANTS TO MULTIPLE PARSONS AREA CHARITABLE, CIVIC, EDUCATIONAL AND GOVERNMENTAL ORGANIZATIONS.
PARSONS RECEREATION COMMISSION
ST PATRICK'S CATHOLIC SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Allen Director | Trustee | 1 | $0 |
Sandy Babcock Secretary | OfficerTrustee | 1 | $0 |
Dennis Banning Director | Trustee | 1 | $0 |
Kendra Barcus Director | Trustee | 1 | $0 |
Jj Bebb Director | Trustee | 1 | $0 |
Nancy Bolt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $29,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $180,132 |
| Noncash contributions included in lines 1a–1f | $2,225 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $209,732 |
| Total Program Service Revenue | $0 |
| Investment income | $159,089 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,048 |
| Net Gain/Loss on Asset Sales | $166,882 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $542,925 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $491,404 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,284 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,759 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,686 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,062 |
| Office expenses | $8,695 |
| Information technology | $6,653 |
| Royalties | $0 |
| Occupancy | $9,184 |
| Travel | $914 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,884 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,853 |
| Insurance | $5,910 |
| All other expenses | $0 |
| Total functional expenses | $626,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,132,539 |
| Savings and temporary cash investments | -$417 |
| 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 | $0 |
| Net Land, buildings, and equipment | $27,930 |
| Investments—publicly traded securities | $691,063 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $178,313 |
| Total assets | $10,029,428 |
| Accounts payable and accrued expenses | $1,719 |
| Grants payable | $2,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,779,741 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $20,000 |
| Other liabilities | $29,465 |
| Total liabilities | $2,832,925 |
| Net assets without donor restrictions | $0 |
| 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 | $7,196,503 |
| Total liabilities and net assets/fund balances | $10,029,428 |
Grants Awarded
Over the last fiscal year, Parsons Area Community Foundation has awarded $402,227 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
CURIOUS MINDS DISCOVERY ZONE PURPOSE: IMPROVEMENTS | $9,723 |
CITY OF PARSONS PURPOSE: VARIOUS PROG | $19,776 |
LABETTE COMMUNITY COLLEGEFOUNDATION PURPOSE: EXPANSION | $21,200 |
CITY OF EDNA PURPOSE: PLAYGROUND IMPROV | $10,000 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: OPERATING EXPENSES | $15,000 |
LABETTE CENTER FOR MENTAL HEALTHSERVICES PURPOSE: LB LEADERSHIP & MH | $22,340 |