Parkland Foundation
- Assets
- $39.1m
- Revenue
- $16.3m
- Investments
- $0.0
- Employees
- 27
- Location
- Dallas, TX
- Founding
- 08/1986
- Data as of
- 09/2023
- EIN
- 75-2089180
Organization Overview
Parkland Foundation, operating under the name Parkland Health Foundation, is located in Dallas, TX. The organization was established in 1986. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 09/2023, Parkland Health Foundation employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parkland Health 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, Parkland Health Foundation generated $16.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $15.5m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Parkland Health Foundation has awarded 22 individual grants totaling $231,325,500. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT TO THE DALLAS COUNTY HOSPITAL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PATIENT ASSISTANCE
PARKLAND CENTER FOR CLINICAL INNOVATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederick P Cerise MD President & CEO Phs | Trustee | 60 | $0 |
Michael Horne President & CEO Foundation | Officer | 45 | $0 |
Melissa Atkinson VP Of Advancement | 45 | $0 | |
Jill Hassmann VP Operations | Officer | 45 | $0 |
Marsha Beasley VP Of Finance | Officer | 45 | $0 |
Kent Weimer Dir Of Estates And Gift Planni | 45 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Huntsinger Jeffer Inc Direct Mail | 9/29/21 | $185,993 |
Marts Lundy Consulting | 9/29/21 | $128,014 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,473,392 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,322,345 |
| Noncash contributions included in lines 1a–1f | $9,304 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,795,737 |
| Total Program Service Revenue | $0 |
| Investment income | $1,025,535 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $439,255 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,260,527 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,023,352 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,485,120 |
| Compensation of current officers, directors, key employees. | $546,923 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,647,541 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $718,247 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $223,769 |
| Fees for services: Investment Management | $4,910 |
| Fees for services: Other | $114,929 |
| Advertising and promotion | $59,646 |
| Office expenses | $7,067 |
| Information technology | $32,086 |
| Royalties | $0 |
| Occupancy | $171,712 |
| Travel | $1,092 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $15,645 |
| Total functional expenses | $15,505,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,039,874 |
| Savings and temporary cash investments | $22,571,860 |
| Pledges and grants receivable | $3,909,271 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $34,393 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,573,325 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,128,723 |
| Accounts payable and accrued expenses | $39,229 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,942,235 |
| Total liabilities | $2,981,464 |
| Net assets without donor restrictions | $3,556,779 |
| Net assets with donor restrictions | $32,590,480 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $39,128,723 |
Grants Awarded
Over the last fiscal year, Parkland Foundation has awarded $11,023,352 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DALLAS COUNTY HOSPITAL DISTRICT PURPOSE: Support to PHHS Capital projects and patient programs | $10,534,360 |
PARKLAND CENTER FOR CLINICAL INNOVATION PURPOSE: Technology grant | $488,992 |