J M Parker Foundation
- Assets
- $23.3m
- Revenue
- $733.5k
- Investments
- $22.9m
- Employees
- 0
- Location
- Abilene, TX
- Founding
- 02/1999
- Data as of
- 12/2023
- EIN
- 75-2736419
Organization Overview
J M Parker Foundation is located in Abilene, TX. The organization was established in 1999. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. J M Parker 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, J M Parker Foundation generated $733.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $1.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, J M Parker Foundation has awarded 155 individual grants totaling $6,224,033. 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 |
|---|---|---|---|
Jimmy M Parker President | 1 | $12,000 | |
Carla Parker Dueser Secretary | 1 | $12,000 | |
Terri Parker Kinard Vice President | 1 | $12,000 | |
R Paige Parker Treasurer | 1 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $356 |
| Dividends & Interest | $569,861 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $163,281 |
| Capital Gain Net Income | $163,281 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $733,498 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $50,323 |
| Taxes | $7,266 |
| Depreciation | $0 |
| Occupancy | $7,720 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,197 |
| Total operating and administrative expenses | $120,421 |
| Contributions, gifts, grants paid | $1,650,000 |
| Total expenses and disbursements | $1,770,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $409,223 |
| Savings and temporary cash investments | $21,793 |
| Net Accounts receivable | $764 |
| 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 | $0 |
| Total assets | $23,295,978 |
| 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 | $815,000 |
| Other liabilities | $0 |
| Total liabilities | $815,000 |
Grants Awarded
Over the last fiscal year, J M Parker Foundation has awarded $1,650,000 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
KIWANIS CLUB OF ABILENE PURPOSE: FOR OPERATIONS | $1,500 |
DENISON FORUM PURPOSE: FOR OPERATIONS | $2,500 |
SOUTHSIDE BAPTIST CHURCH PURPOSE: FOR OPERATIONS | $2,500 |
PARAMOUNT THEATRE PURPOSE: FOR OPERATIONS | $5,000 |
REGIONAL CRIME CRISIS CENTER PURPOSE: FOR OPERATIONS | $3,500 |
JEFF GORE MINISTRIES PURPOSE: FOR OPERATIONS | $5,000 |