Parsons Educational Foundation
- Assets
- $520.3k
- Revenue
- $65.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Parsons, KS
- Founding
- 10/2003
- Data as of
- 06/2022
- EIN
- 76-0725096
Organization Overview
Parsons Educational Foundation is located in Parsons, KS. The organization was established in 2003. According to its NTEE Classification (B94) the organization is classified as: Parent & Teacher Groups, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parsons Educational 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 06/2022, Parsons Educational Foundation generated $65.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $45.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RESOURCES FOR THE BENEFIT AND SUPPORT OF THE CHILDREN AND ADULTS OF PARSONS USD 503
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS
PARSONS DISTRICT SCHOOLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Hetlinger Secretary | OfficerTrustee | 1 | $0 |
Jeff Quirin Treasurer | OfficerTrustee | 1 | $0 |
Martin Mendicki President | OfficerTrustee | 1 | $0 |
Shelly Martin Director | Trustee | 1 | $0 |
Ray Feess Director | Trustee | 1 | $0 |
Molly Coomes Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $26,615 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,615 |
| Total Program Service Revenue | $0 |
| Investment income | $11,618 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $27,646 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,879 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $32,402 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $10,419 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $355 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $55 |
| Fees for services: Other | $0 |
| Advertising and promotion | $540 |
| Office expenses | $500 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $818 |
| All other expenses | $236 |
| Total functional expenses | $45,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $526 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $519,728 |
| Total assets | $520,254 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $520,254 |
| Net assets with donor restrictions | $0 |
| 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 | $520,254 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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Boy Scouts Of America Pueblo, CO | $1,491,670 | $463,116 |
Lincoln Literacy Council Lincoln, NE | $778,985 | $758,713 |
Pta Colorado Congress Denver, CO | $508,292 | $503,936 |
Cherry Creek School District Parent Teacher Community Council Inc Cherry Hills Village, CO | $469,367 | $536,708 |
Pta Colorado Congress Denver, CO | $318,439 | $469,491 |
Parent Teacher Organization Of Goddard Goddard, KS | $207,620 | $344,124 |
Pta Colorado Congress Denver, CO | $217,439 | $292,007 |
Eagle County Charter Academy Education Foundation Edwards, CO | $293,591 | $257,287 |
Pta Missouri Congress Kansas City, MO | $238,867 | $234,020 |