Jenks C & Alice Parker Family Foundation
- Assets
- $2.1m
- Revenue
- $101.8k
- Investments
- $2.0m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 08/1997
- Data as of
- 12/2023
- EIN
- 72-1358823
Organization Overview
Jenks C & Alice Parker Family Foundation is located in Birmingham, AL. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jenks C & Alice Parker 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, Jenks C & Alice Parker Family Foundation generated $101.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $120.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Jenks C & Alice Parker Family Foundation has awarded 25 individual grants totaling $430,403. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenks C Parker Director | 5 | $0 | |
Harriet M Parker Director | 2 | $0 | |
Jenks C Parker Jr Director | 1 | $0 | |
Michael R Parker Director | 1 | $0 | |
Quincy M Simon Director | 1 | $0 | |
Lynn W Jinks III Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $104,431 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,609 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $405 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $101,822 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,185 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $215 |
| Total operating and administrative expenses | $9,876 |
| Contributions, gifts, grants paid | $110,497 |
| Total expenses and disbursements | $120,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $86,014 |
| 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 | $429,788 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,113,839 |
| 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, Jenks C & Alice Parker Family Foundation has awarded $110,497 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BETHEL BIBLE VILLAGE PURPOSE: SCHOLARSHIP ASSISTANCE | $12,000 |
BIG OAK RANCH INC PURPOSE: GENERAL OPERATING SUPPORT | $11,160 |
CONECUH SPRINGS CHRISTIAN SCHOOL PURPOSE: STUDENT SCHOLARSHIP FUNDS | $5,000 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: GENERAL OPERATING SUPPORT | $17,000 |
SEE ATTACHMENT PURPOSE: STUDENTS'EDUCATIONAL NEEDS | $65,337 |