Mary Morton Parsons Foundation
- Assets
- $0.0
- Revenue
- $14.3m
- Investments
- $143.3m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 07/1990
- Data as of
- 12/2021
- EIN
- 54-1530891
Organization Overview
Mary Morton Parsons Foundation is located in Richmond, VA. The organization was established in 1990. 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. Mary Morton 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, Mary Morton Parsons Foundation generated $14.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $7.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mary Morton Parsons Foundation has awarded 665 individual grants totaling $97,476,227. 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 |
|---|---|---|---|
Thurston R Moore ESQ President | 1 | $0 | |
Charles F Witthoefft ESQ Vice Pres/secretary | 1 | $0 | |
Mrs Palmer P Garson Treasurer | 1 | $0 | |
Mrs Amy P Nisenson Executive Director | 20 | $89,625 | |
Edward W Valentine Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,918,508 |
| Profit on Inventory Sales | $0 |
| Other Income | -$13,724 |
| Total Revenue | $14,325,688 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $98,540 |
| Pension plans, employee benefits | $0 |
| Depreciation | $120 |
| Occupancy | $41,290 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $998,412 |
| Contributions, gifts, grants paid | $6,255,000 |
| Total expenses and disbursements | $7,253,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,378,865 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $862,880 |
Grants Awarded
Over the last fiscal year, Mary Morton Parsons Foundation has awarded $13,577,054 in support to 98 organizations.
| Grant Recipient | Amount |
|---|---|
ALAMO ADDICTION RECOVERY CENTER INC PURPOSE: SUPPORT CAPITAL IMPROVEMENTS TO THE FACILITY | $25,000 |
BLESSED SACRAMENT HUGUENOT SCHOOL PURPOSE: SUPPORT THE KNIGHT'S CHARGE CAPITAL CAMPAIGN TO BUILD A NEW STUDENT CENTER | $300,000 |
ANNA JULIA COOPER EPISCOPAL SCHOOL PURPOSE: SUPPORT GENERAL OPERATIONS | $20,000 |
BOYS & GIRLS CLUBS OF METRO RICHMOND PURPOSE: REPAIRS ON COTTAGES | $10,000 |
BLUE SKY FUND PURPOSE: SUPPORT EXPANSION INTO A NEW COMMUNITY-CENTRIC OFFICE SPACE | $50,000 |
BOYS HOME OF VIRGINIA PURPOSE: SUPPORT GENERAL OPERATIONS | $20,000 |