Parks Family Foundation

Organization Overview

Parks Family Foundation is located in Armonk, NY. The organization was established in 1990. 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. Parks Family 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 04/2022, Parks Family Foundation generated $44.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $34.8k during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Parks Family Foundation has awarded 16 individual grants totaling $201,600. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

PLEASE NOTE THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER INTERNAL


REVENUE CODE SECTION 501 (C) (3).


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Board, Officers & Key Employees

Name (title)Compensation
R Ralph Parks Jr
Trustee
$0
Gwendoline Parks
Trustee
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $100
Interest on Savings $0
Dividends & Interest $9,172
Net Rental Income$0
Net Gain on Sale of Assets $35,476
Capital Gain Net Income $35,476
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $44,748

Grants Awarded

Over the last fiscal year, Parks Family Foundation has awarded $26,000 in support to 5 organizations.

Grant RecipientAmount

KIRBY HALL SCHOOL

Org PageRecipient Profile

Austin, TX

PURPOSE: UNRESTRICTED CONTRIBUTION

$10,000

21ST CENTURY HEROES TEAM

PURPOSE: UNRESTRICTED CONTRIBUTION

$5,000

LANCE CPL DAVID ESPINOZA

PURPOSE: UNRESTRICTED CONTRIBUTION

$5,000

THE INSTITUTE FOR THE STUDY OF WAR

Org PageRecipient Profile

Washington, DC

PURPOSE: UNRESTRICTED CONTRIBUTION

$5,000

CHRIST MEMORIAL CHAPEL

Org PageRecipient Profile

Hobe Sound, FL

PURPOSE: UNRESTRICTED CONTRIBUTION

$1,000
View Grant Profile

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