Rebecca C Parsons Foundation
- Assets
- $6.7m
- Revenue
- $485.7k
- Investments
- $6.2m
- Employees
- 0
- Location
- Pawleys Island, SC
- Founding
- 08/1994
- Data as of
- 12/2021
- EIN
- 57-0990214
Organization Overview
Rebecca C Parsons Foundation is located in Pawleys Island, SC. The organization was established in 1994. 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. Rebecca C Parsons 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, Rebecca C Parsons Foundation generated $485.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $183.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Rebecca C Parsons Foundation has awarded 52 individual grants totaling $693,360. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PROGRAM TO PROVIDE FINANCIAL ASSISTANCE TO QUALIFIED HIGH SCHOOL SENIORS AND GRADUATES FROM THE LOCAL AREA TO HELP FURTHER THEIR EDUCATION.
CONTRIBUTIONS TO LOCAL CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Lynn Mercer Gaskins Trustee | 0 | $9,000 | |
William Gaskins Trustee | 0 | $9,000 | |
Name Not Listed Trustee | 0 | $9,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $217,410 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $268,246 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $485,660 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,267 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35,062 |
| Total operating and administrative expenses | $68,779 |
| Contributions, gifts, grants paid | $114,700 |
| Total expenses and disbursements | $183,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $485,657 |
| 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 | $3,910,907 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,704,783 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Rebecca C Parsons Foundation has awarded $114,700 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ANDREWS HIGH SCHOOL PURPOSE: SCHOLARSHIPS | $65,000 |
TRINITY UNITED METHODIST PURPOSE: CHARITABLE | $25,000 |
ANDREWS PRESBYTERIAN PURPOSE: CHARITABLE | $10,000 |
Georgetown, SC PURPOSE: CHARITABLE | $7,500 |
UNION PRESBYTERIAN PURPOSE: CHARITABLE | $5,000 |
Andrews, SC PURPOSE: CHARITABLE | $1,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |
The Leon Levine Foundation Charlotte, NC | $654,368,860 | $94,686,429 |
We Are Sharing Hope Sc Charleston, SC | $50,025,063 | $34,221,211 |