Ralph M Parsons Foundation
- Assets
- $469.5m
- Revenue
- $59.8m
- Investments
- $458.3m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 11/1963
- Data as of
- 12/2021
- EIN
- 95-6085895
Organization Overview
Ralph M Parsons Foundation is located in Los Angeles, CA. The organization was established in 1963. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ralph M Parsons 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, Ralph M Parsons Foundation generated $59.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $38.3m during the year ending 12/2021. While expenses have increased by 9.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Ralph M Parsons Foundation has awarded 1,437 individual grants totaling $106,170,025. 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 |
|---|---|---|---|
Wendy Garen President & CEO | 35 | $492,326 | |
E Thomas Brewer Vp, Finance & Administration | 35 | $268,825 | |
Jennifer Price-Letscher Vp, Grants & Initiatives | 35 | $248,636 | |
Nicole Larsen Director, Grants Administration | 35 | $180,000 | |
Susan Pollack Senior Advisor | 35 | $170,000 | |
Katherine Bonalos Program Officer | 35 | $128,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates Llc | 12/30/21 | $852,436 |
Newquest Asia Fund Iv Lp | 12/30/21 | $422,630 |
Armanino Llp | 12/30/21 | $335,248 |
Adage Capital Partners Lp | 12/30/21 | $303,300 |
Silchester International Investors Llp | 12/30/21 | $297,846 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,853 |
| Dividends & Interest | $9,113,115 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $50,693,662 |
| Capital Gain Net Income | $47,535,291 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,572 |
| Total Revenue | $59,827,202 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,755,147 |
| Other employee salaries and wages | $1,246,029 |
| Pension plans, employee benefits | $829,536 |
| Interest | $0 |
| Taxes | $1,777,497 |
| Depreciation | $126,206 |
| Occupancy | $348,403 |
| Travel, conferences, and meetings | $138,478 |
| Printing and publications | $0 |
| Other expenses | $984,126 |
| Total operating and administrative expenses | $19,511,852 |
| Contributions, gifts, grants paid | $18,760,243 |
| Total expenses and disbursements | $38,272,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235 |
| Savings and temporary cash investments | $10,181,887 |
| 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 | $225,710 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $364,050,652 |
| Net Land, buildings, and equipment | $576,511 |
| Other assets | $259,693 |
| Total assets | $469,540,445 |
| Accounts payable and accrued expenses | $560,970 |
| Grants payable | $4,773,246 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,184,018 |
| Total liabilities | $7,518,234 |
Grants Awarded
Over the last fiscal year, Ralph M Parsons Foundation has awarded $26,081,000 in support to 361 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: OVER TWO YEARS TO SUPPORT THE LA ARTS COVID-19 RELIEF AND RECOVERY FUND | $2,000,000 |
Los Angeles, CA PURPOSE: OVER TWO YEARS TO SUPPORT PHASE III OF THE CENTER'S MASTER PLAN, THE LARGEST COMPONENT OF WHICH IS THE SAMUEL OSCHIN AIR AND SPACE CENTER | $1,500,000 |
THE CHILDRENS CLINIC SERVING CHILDREN AND THEIR FAMILIES (DBA TCC FAMILY HE Org PageRecipient ProfileLong Beach, CA PURPOSE: OVER TWO YEARS FOR CAPITAL SUPPORT OF THE TCC FAMILY HEALTH AND WELLNESS CENTER | $500,000 |
Pasadena, CA PURPOSE: OVER TWO YEARS FOR GENERAL SUPPORT OF EXPANSION OF MUSICAL EVENTS AND COMMUNITY ENGAGEMENT PROGRAMS | $400,000 |
Los Angeles, CA PURPOSE: OVER TWO YEARS FOR GENERAL SUPPORT OF HOUSING AND HOMELESS SERVICES IN LOS ANGELES COUNTY | $300,000 |
Los Angeles, CA PURPOSE: OVER TWO YEARS FOR CONSTRUCTION OF THE ANGELA COLLIER GARDENS PARK AND EVENT SPACE | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Koum Family Foundation Palo Alto, CA | $2,010,566,070 | $59,411,015 |
The David Geffen Foundation Los Angeles, CA | $481,191,890 | $36,420,193 |
Knight Foundation Beaverton, OR | $3,232,383,420 | $1,963,443,063 |
Waverley Street Foundation Palo Alto, CA | $2,988,003,660 | $1,311,729,919 |
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |