Frances L Parker Educational Fund
- Assets
- $5.6m
- Revenue
- $69.3k
- Investments
- $4.3m
- Employees
- 0
- Location
- Hereford, TX
- Founding
- Data as of
- 12/2023
- EIN
- 83-6797155
Organization Overview
Frances L Parker Educational Fund is located in Hereford, TX. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Frances L Parker Educational Fund 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, Frances L Parker Educational Fund generated $69.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (67.8%) each year. All expenses for the organization totaled $484.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Frances L Parker Educational Fund has awarded 19 individual grants totaling $838,590. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,654 |
| Dividends & Interest | $145,017 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$116,772 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $31,438 |
| Total Revenue | $69,337 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $214,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $408 |
| Total operating and administrative expenses | $215,608 |
| Contributions, gifts, grants paid | $268,590 |
| Total expenses and disbursements | $484,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $305,094 |
| 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 | $996,465 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,329,795 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,631,354 |
| 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, Frances L Parker Educational Fund has awarded $268,590 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ST ANTHONY'S CATHOLIC SCHOOL ENDOWM PURPOSE: EDUCATION | $63,000 |
HEREFORD ISD SCHOLARSHIP FUND PURPOSE: EDUCATION | $4,000 |
ST ANTHONY'S CATHOLIC SCHOOL PURPOSE: EDUCATION | $85,000 |
HEREFORD SENIOR CITIZENS PURPOSE: PUBLIC CHARITY | $41,590 |
CHRISTMAS STOCKING FUND PURPOSE: PUBLIC CHARITY | $25,000 |
HEREFORD FOOD PANTRY PURPOSE: PUBLIC CHARITY | $50,000 |