Maude Parks Memorial Fund
- Assets
- $536.0k
- Revenue
- $5.6k
- Investments
- $513.8k
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 06/1967
- Data as of
- 12/2023
- EIN
- 62-6042777
Organization Overview
Maude Parks Memorial Fund is located in Birmingham, AL. The organization was established in 1967. 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. Maude Parks Memorial Fund 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, Maude Parks Memorial Fund generated $5.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $32.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Maude Parks Memorial Fund has awarded 12 individual grants totaling $125,956. 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 |
|---|---|---|---|
Norman Randolph Parks President | 1.5 | $5,211 | |
Laquita M Smith Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,131 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,539 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,592 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,565 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $310 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $8,895 |
| Contributions, gifts, grants paid | $23,687 |
| Total expenses and disbursements | $32,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $22,227 |
| 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 | $513,796 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $536,023 |
| 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, Maude Parks Memorial Fund has awarded $23,687 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ACKLEN AVENUE CHURCH OF CHRIST PURPOSE: GENERAL OPERATING | $1,000 |
JONES CHAPEL CHURCH PURPOSE: GENERAL OPERATING | $1,000 |
WAYNE REED CHRISTIAN CHILD CARE CENTER PURPOSE: GENERAL OPERATING | $21,687 |