Parnell Family Foundation
- Assets
- $2.5m
- Revenue
- $52.1k
- Investments
- $2.4m
- Employees
- 0
- Location
- Eastsound, WA
- Founding
- 03/1991
- Data as of
- 12/2023
- EIN
- 33-0433123
Organization Overview
Parnell Family Foundation is located in Eastsound, WA. The organization was established in 1991. 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. Parnell 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 12/2023, Parnell Family Foundation generated $52.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $127.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Parnell Family Foundation has awarded 75 individual grants totaling $1,235,250. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING COSTS ASSOCIATED WITH RUNNING THE CHURCH & THE SCHOOL CONSTRUCTED BY THE FOUDNATION THAT WERE NOT REIMBURSED BY THE SEVENTH DAY ADVENTIST CHURCH
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike D Parnell President | 2 | $0 | |
Melissa D Parnell Secretary/treasurer | 2 | $0 | |
Scott D Parnell Director | 2 | $0 | |
Terry Pottle Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200 |
| Interest on Savings | $495 |
| Dividends & Interest | $81,507 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$30,059 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,143 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,967 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,725 |
| Total operating and administrative expenses | $38,500 |
| Contributions, gifts, grants paid | $89,350 |
| Total expenses and disbursements | $127,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $70,825 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12 |
| Total assets | $2,462,473 |
| 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, Parnell Family Foundation has awarded $94,850 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ORCAS ISLAND CHAMBER OF COMMERCE PURPOSE: TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION | $1,500 |
ORCAS CHRISTIAN SCHOOL FOUNDATION PURPOSE: TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION | $78,000 |
OVER THE HILL EQUINE RESCUE PURPOSE: TO PROVIDE SUPPORT T0 EXEMPT ORGANIZATIONS | $1,000 |
ORCAS SEVENTH-DAY ADVENTIST FELLOWSHIP ENDOWMENT PURPOSE: TO PROVIDE SUPPORT T0 EXEMPT ORGANIZATIONS | $10,000 |
ORCAS CHRISTIAN SCHOOL PURPOSE: TO PROVICE SUPPORT TO EXEMPT ORGANIZATIONS | $4,350 |