Fred And Mabel R Parks Foundation
- Assets
- $40.7m
- Revenue
- $6.3m
- Investments
- $34.9m
- Employees
- 0
- Location
- Sugar Land, TX
- Founding
- 04/1985
- Data as of
- 12/2021
- EIN
- 76-0122692
Organization Overview
Fred And Mabel R Parks Foundation is located in Sugar Land, TX. The organization was established in 1985. 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. Fred And Mabel R Parks 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, Fred And Mabel R Parks Foundation generated $6.3m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (31.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Fred And Mabel R Parks Foundation has awarded 430 individual grants totaling $6,541,875. 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 |
|---|---|---|---|
James G Mcclellan Pres./treas. | 10 | $92,508 | |
Virginia Mcclintock Secretary | 0 | $750 | |
Debra Marfin Vice Pres. | 0 | $750 | |
Ann Parks Stallings Vice Pres. | 0 | $750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
James G Mcclellan Cpa | 12/30/21 | $92,508 |
Goodman Financial Corp | 12/30/21 | $62,814 |
Ubs Financial Services | 12/30/21 | $112,714 |
Cibc Private Wealth Mgmt | 12/30/21 | $71,964 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $481 |
| Dividends & Interest | $1,089,707 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,230,429 |
| Capital Gain Net Income | $5,230,429 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $594 |
| Total Revenue | $6,321,211 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $94,758 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $71,359 |
| Depreciation | $0 |
| Occupancy | $23,325 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $146,897 |
| Total operating and administrative expenses | $583,831 |
| Contributions, gifts, grants paid | $1,488,000 |
| Total expenses and disbursements | $2,071,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,851 |
| Savings and temporary cash investments | $5,739,521 |
| 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 | $4,089 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $19,005,998 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $40,658,394 |
| 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, Fred And Mabel R Parks Foundation has awarded $3,315,500 in support to 226 organizations.
| Grant Recipient | Amount |
|---|---|
CHILD ADVOCATES OF FORT BEND PURPOSE: BUILDING EXPANSION | $125,000 |
Houston, TX PURPOSE: SCHOLARSHIPS | $100,000 |
Houston, TX PURPOSE: SCHOLARSHIPS | $100,000 |
FOUNDATION FOR PSP CBD & RELATED PURPOSE: PSP RESEARCH PROGRAM | $50,000 |
CHILD ADVOCATES OF FORT BEND PURPOSE: CASA HOME TOUR | $50,000 |
PARKS YOUTH RANCH PURPOSE: PROGRAM SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Hunt Family Foundation El Paso, TX | $209,998 | $8,850,500 |
Fields & Futures Foundation Edmond, OK | $7,089,979 | $3,122,717 |
Fred And Mabel R Parks Foundation Sugar Land, TX | $40,658,394 | $6,321,211 |
Ray C Fish Foundation Houston, TX | $19,704,977 | $3,385,819 |
Central Athletic Foundation Greenwell Springs, LA | $1,959,476 | $1,183,542 |
Central Austin Hockey Association Austin, TX | $51,155 | $326,304 |
Archers Usa Foundation Alma, AR | $3,557 | $344,427 |
Boswell Athletic Booster Club Fort Worth, TX | $192,970 | $338,620 |
Diamond Sports Association Inc San Antonio, TX | $128,577 | $302,415 |
Albuquerque Baseball Acedemy Touch Em All Foundation Albuquerque, NM | $1,166,650 | $463,239 |
Jonesboro City Stars Booster Club Jonesboro, AR | $71,116 | $296,938 |
Biles World Champions Gymnastics Foundation Spring, TX | $95,309 | $227,574 |