Robert A Parman Foundation
- Assets
- $3.2m
- Revenue
- $154.0k
- Investments
- $3.0m
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 04/1964
- Data as of
- 08/2024
- EIN
- 73-6098053
Organization Overview
Robert A Parman Foundation is located in Oklahoma City, OK. The organization was established in 1964. 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. Robert A Parman 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 08/2024, Robert A Parman Foundation generated $154.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $269.4k during the year ending 08/2024. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Robert A Parman Foundation has awarded 67 individual grants totaling $968,600. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry M Thomason Trustee | 1.5 | $0 | |
Richard Metheny Trustee | 1.5 | $20,000 | |
Scott Smith Trustee | 1.5 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $30,163 |
| Dividends & Interest | $79,042 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $44,763 |
| Capital Gain Net Income | $44,763 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $153,968 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,426 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24 |
| Total operating and administrative expenses | $103,411 |
| Contributions, gifts, grants paid | $166,000 |
| Total expenses and disbursements | $269,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,792 |
| Savings and temporary cash investments | $175,175 |
| 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 | $1,373,980 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,150,736 |
| 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, Robert A Parman Foundation has awarded $166,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL OKLAHOMA HABITAT FOR HUMANITY PURPOSE: ASSISTANCE TO INDIVIDUALS IN NEED AND WHO ARE RESIDENTS OF THE STATE OF OKLAHOMA | $5,000 |
CITY CARE INC PURPOSE: ASSISTANCE OR CARE OF PERSONS IN NEED AND WHO ARE RESIDENTS OF THE STATE OF OKLAHOMA | $10,000 |
CITY RESCUE MISSION PURPOSE: ASSISTANCE OR CARE OF PERSONS IN NEED AND WHO ARE RESIDENTS OF THE STATE OF OKLAHOMA | $15,000 |
EDMOND FAMILY COUNSELING INC PURPOSE: ASSISTANCE OR CARE OF PERSONS IN NEED AND WHO ARE RESIDENTS OF THE STATE OF OKLAHOMA | $10,000 |
OKLAHOMA CITY UNIVERSITY FOUNDATION PURPOSE: SCHOLARSHIPS TO STUDENTS IN NEED AND WHO ARE RESIDENTS OF THE STATE OF OKLAHOMA | $25,000 |
REGIONAL FOOD BANK OF OKLAHOMA PURPOSE: ASSISTANCE OR CARE OF PERSONS IN NEED AND WHO ARE RESIDENTS OF THE STATE OF OKLAHOMA | $10,000 |