The Parks Family Foundation
- Assets
- $5.2k
- Revenue
- $150.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Baton Rouge, LA
- Founding
- 07/2001
- Data as of
- 12/2023
- EIN
- 72-1497053
Organization Overview
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
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Board, Officers & Key Employees
| 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 |
Financial Statements
| 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 |
Grants Awarded
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 |