Parker Foundation
- Assets
- $41.7m
- Revenue
- $3.7m
- Investments
- $40.6m
- Employees
- 0
- Location
- Carlsbad, CA
- Founding
- 07/1975
- Data as of
- 09/2023
- EIN
- 51-0141231
Organization Overview
Parker Foundation is located in Carlsbad, CA. The organization was established in 1975. 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. Parker 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 09/2023, Parker Foundation generated $3.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $2.4m during the year ending 09/2023. While expenses have increased by 1.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Parker Foundation has awarded 193 individual grants totaling $5,609,635. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
CHARITABLE GRANT PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lexy Harshman Chief Administrative Officer | 25 | $103,899 | |
Raymond G Ellis President | 0.5 | $0 | |
William G Beamer Vice President | 0.25 | $0 | |
Dori Kaufman Treasurer | 0.25 | $0 | |
Ernest Borunda Secretary | 0.25 | $0 | |
Vicki Reed Director | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Canterbury Consulting | 9/29/21 | $71,511 |
Lindsay & Brownell Llp | 9/29/21 | $52,831 |
62above | 9/29/21 | $50,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $887,008 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,784,361 |
| Capital Gain Net Income | $2,593,881 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,786 |
| Total Revenue | $3,686,155 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $103,899 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $54,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,263 |
| Printing and publications | $0 |
| Other expenses | $11,391 |
| Total operating and administrative expenses | $326,353 |
| Contributions, gifts, grants paid | $2,056,625 |
| Total expenses and disbursements | $2,382,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $735,874 |
| 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 | $250,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,044 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $40,645,118 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,538 |
| Total assets | $41,655,574 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $260,000 |
| 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 | $260,000 |
Grants Awarded
Over the last fiscal year, Parker Foundation has awarded $2,056,625 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
AGUA HEDIONDA LAGOON FOUNDATION PURPOSE: GENERAL SUPPORT | $50,000 |
ALL GIRLS STEM SOCIETY PURPOSE: GENERAL SUPPORT | $2,000 |
ALZHEIMER'S SAN DIEGO PURPOSE: GENERAL SUPPORT | $10,000 |
ANZA-BORREGO FOUNDATION PURPOSE: GENERAL SUPPORT | $20,000 |
ART OF ELAN PURPOSE: GENERAL SUPPORT | $15,000 |
BIG SISTER LEAGUE OF SAN DIEGO PURPOSE: GENERAL SUPPORT | $10,000 |