The Parks Family Foundation is located in Baton Rouge, LA. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Parks 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, Parks Family Foundation generated $150.0k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $145.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Parks Family Foundation has awarded 38 individual grants totaling $526,500. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT EPISCOPAL SCHOOL
TO SUPPORT MARY BIRD PERKINS FOUNDATION
TO SUPPORT MD ANDERSON
TO SUPPORT LSU TAF
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Frederick L Parks Sr President | 0 | $0 | |
Janice N Parks Sec/treas | 0 | $0 | |
Bradford T Parks Sr Director | 0 | $0 | |
Frederick L Parks Jr Director | 0 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $150,000 |
Interest on Savings | $0 |
Dividends & Interest | $0 |
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 | $0 |
Total Revenue | $150,000 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $0 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $0 |
Total operating and administrative expenses | $0 |
Contributions, gifts, grants paid | $145,000 |
Total expenses and disbursements | $145,000 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,199 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $5,199 |
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 |
Over the last fiscal year, The Parks Family Foundation has awarded $145,000 in support to 11 organizations.
Grant Recipient | Amount |
---|---|
CAREER COMPASS PURPOSE: TO SUPPORT FOUNDATION | $5,000 |
CYSTIC FIBROSIS PURPOSE: TO SUPPORT FOUNDATION | $5,000 |
BROADMOOR METHODIST PURPOSE: TO SUPPORT FOUNDATION | $3,000 |
EPISCOPAL SCHOOL PURPOSE: TO SUPPORT FOUNDATION | $20,000 |
KNOCK KNOCK MUSEUM PURPOSE: TO SUPPORT FOUNDATION | $5,000 |
MARY BIRD PERKINS PURPOSE: TO SUPPORT FOUNDATION | $10,000 |