Parker Foundation Inc

Organization Overview

Parker Foundation Inc is located in Piscataway, NJ. The organization was established in 2017. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parker Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF THE CORPORATION SHALL BE TO PROVIDE AND PROMOTE A CARE CONTINUUM FOR THE AGING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PARKER FOUNDATION INC.'S FUNCTION IS TO HOLD AND ADMINISTER CERTAIN SUBSTANTIAL UNRESTRICTED INVESTMENT FUNDS FOR THE BENEFIT OF THE CHARITABLE MISSIONS OF PARKER HEALTH GROUP AND ITS AFFILIATED ENTITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Margueritte K Schlag Edd RN
Vice Chair
$0
Robert Muniz Mpa Flnha
President/ceo
$0
William R Hagaman Jr
Chairman
$0
John A Papa
Treasurer
$0
Joseph G Braunreuther ESQ
Secretary
$0
Edward Matthews
CFO
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
State Street Bank And Trust Company
Financial Management Services
$381,191
Blackrock Financial Management Inc
Financial Management Services
$320,928
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
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$0
Total Program Service Revenue$0
Investment income $34,027,817
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $275,951,643
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $309,979,460

Grants Awarded

Over the last fiscal year, Parker Foundation Inc has awarded $2,880,542 in support to 2 organizations.

Grant RecipientAmount

VISITING NURSE ASSOCIATION HEALTH GROUP INC

Org PageRecipient Profile

Holmdel, NJ

PURPOSE: PROVIDE AND PROMOTE A CARE CONTINUUM FOR THE AGING VIA SKILLED NURSING, MEMORY CARE, ASSISTED LIVING, ADULT DAY CARE, REHABILITATION, HEALTHY AGING AND INTERGENERATIONAL AND OTHER PROGRAMS TOGETHER WITH CONDUCTING AND ASSISTING RELATED EDUCATION AND RESEARCH.

$2,500,000

CITY OF NEW BRUNSWICK

PURPOSE: PROVIDE SUPPORT FOR THE DIAL A RIDE PROGRAM AND SENIOR CITIZEN RESOURCE CENTER FOR THE VIRTUAL VITALITY PROGRAM

$380,542
View Grant Profile

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