Fred And Mabel R Parks Foundation
- Assets
- $40.6m
- Revenue
- $1.4m
- Investments
- $36.9m
- Employees
- 0
- Location
- Sugar Land, TX
- Founding
- 04/1985
- Data as of
- 12/2023
- EIN
- 76-0122692
Organization Overview
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 12/2023, Fred And Mabel R Parks Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Fred And Mabel R Parks Foundation has awarded 921 individual grants totaling $13,664,875. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James G Mcclellan Pres./treas. | 10 | $86,777 | |
Ann Parks Stallings Vice Pres. | 0.5 | $750 | |
Debra Marfin Vice Pres. | 0.5 | $750 | |
Patricia Somers Secretary | 0.5 | $750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
James G Mcclellan Cpa | 12/30/23 | $86,777 |
Ubs Financial Services | 12/30/23 | $95,704 |
Cibc Private Wealth Mgmt | 12/30/23 | $61,785 |
Goodman Financial Corp | 12/30/23 | $60,160 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,819 |
| Dividends & Interest | $1,056,375 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $318,443 |
| Capital Gain Net Income | $318,443 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,380,637 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $89,027 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $40,873 |
| Depreciation | $0 |
| Occupancy | $20,420 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,174 |
| Total operating and administrative expenses | $375,143 |
| Contributions, gifts, grants paid | $1,523,500 |
| Total expenses and disbursements | $1,898,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,302 |
| Savings and temporary cash investments | $3,643,780 |
| 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 | $2,878 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $19,834,428 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $40,553,042 |
| 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, Fred And Mabel R Parks Foundation has awarded $3,571,500 in support to 257 organizations.
| Grant Recipient | Amount |
|---|---|
BLUE CURE FOUNDATION PURPOSE: PROGRAM SUPPORT | $5,000 |
CAMP HOPE PTSD FOUNDATION OF PURPOSE: PROGRAM SUPPORT | $10,000 |
LITERACY COUNCIL OF FT BEND COUNTY PURPOSE: READING BETWEEN THE WINES | $25,000 |
OAKBEND MEDICAL CENTER PURPOSE: PROGRAM SUPPORT | $25,000 |
WORLD AFFAIRS COUNCIL OF GREATER PURPOSE: PROGRAM SUPPORT | $10,000 |
FORT BEND HABITAT FOR HUMANITY PURPOSE: PROGRAM SUPPORT | $10,000 |