Fred And Mabel R Parks Foundation is located in Sugar Land, TX. The organization was established in 1985. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fred And Mabel R Parks 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, Fred And Mabel R Parks Foundation generated $6.3m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (31.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Fred And Mabel R Parks Foundation has awarded 430 individual grants totaling $6,541,875. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
James G Mcclellan Pres./treas. | 10 | $92,508 | |
Ann Parks Stallings Vice Pres. | 0 | $750 | |
Debra Marfin Vice Pres. | 0 | $750 | |
Virginia Mcclintock Secretary | 0 | $750 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Ubs Financial Services | 12/30/21 | $112,714 |
James G Mcclellan Cpa | 12/30/21 | $92,508 |
Cibc Private Wealth Mgmt | 12/30/21 | $71,964 |
Goodman Financial Corp | 12/30/21 | $62,814 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $481 |
Dividends & Interest | $1,089,707 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $5,230,429 |
Capital Gain Net Income | $5,230,429 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $594 |
Total Revenue | $6,321,211 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $94,758 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $71,359 |
Depreciation | $0 |
Occupancy | $23,325 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $146,897 |
Total operating and administrative expenses | $583,831 |
Contributions, gifts, grants paid | $1,488,000 |
Total expenses and disbursements | $2,071,831 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $7,851 |
Savings and temporary cash investments | $5,739,521 |
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 | $4,089 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $19,005,998 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $40,658,394 |
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, Fred And Mabel R Parks Foundation has awarded $3,315,500 in support to 226 organizations.
Grant Recipient | Amount |
---|---|
CHILD ADVOCATES OF FORT BEND PURPOSE: BUILDING EXPANSION | $125,000 |
Houston, TX PURPOSE: SCHOLARSHIPS | $100,000 |
Houston, TX PURPOSE: SCHOLARSHIPS | $100,000 |
DIABETES RESEARCH INSTITUTE PURPOSE: DEVELOPMENT OF DRI CELL SUPPLY CENTE | $50,000 |
CHILD ADVOCATES OF FORT BEND PURPOSE: CASA HOME TOUR | $50,000 |
FOUNDATION FOR PSP CBD & RELATED PURPOSE: PSP RESEARCH PROGRAM | $50,000 |
Organization Name | Assets | Revenue |
---|---|---|
The Hunt Family Foundation El Paso, TX | $209,998 | $8,850,500 |
Fields & Futures Foundation Edmond, OK | $7,089,979 | $3,122,717 |
Fred And Mabel R Parks Foundation Sugar Land, TX | $40,658,394 | $6,321,211 |
Ray C Fish Foundation Houston, TX | $19,704,977 | $3,385,819 |
Central Athletic Foundation Greenwell Springs, LA | $1,959,476 | $1,183,542 |
Central Austin Hockey Association Austin, TX | $51,155 | $326,304 |
Archers Usa Foundation Alma, AR | $3,557 | $344,427 |
Boswell Athletic Booster Club Fort Worth, TX | $192,970 | $338,620 |
Diamond Sports Association Inc San Antonio, TX | $128,577 | $302,415 |
Albuquerque Baseball Acedemy Touch Em All Foundation Albuquerque, NM | $1,166,650 | $463,239 |
Jonesboro City Stars Booster Club Jonesboro, AR | $71,116 | $296,938 |
Biles World Champions Gymnastics Foundation Spring, TX | $95,309 | $227,574 |