Parks Bell Foundation
- Assets
- $2.5m
- Revenue
- $2.4m
- Investments
- $863.6k
- Employees
- 0
- Location
- Midland, TX
- Founding
- 12/2017
- Data as of
- 12/2023
- EIN
- 82-1197054
Organization Overview
Parks Bell Foundation is located in Midland, TX. The organization was established in 2017. 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. Parks Bell 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, Parks Bell Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 37.3% each year . All expenses for the organization totaled $841.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Parks Bell Foundation has awarded 40 individual grants totaling $1,923,000. 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 |
|---|---|---|---|
Larry Bell President | 10 | $0 | |
Ellen Parks Bell Vice President | 10 | $0 | |
Nicholas Scarafile Treasurer | 5 | $0 | |
Kara Bell Secretary, Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,800,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,739 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,781 |
| Capital Gain Net Income | $10,781 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $569,483 |
| Total Revenue | $2,402,003 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,450 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $23,866 |
| Contributions, gifts, grants paid | $818,000 |
| Total expenses and disbursements | $841,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,685,065 |
| Savings and temporary cash investments | $0 |
| 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 | $863,642 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,548,707 |
| 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, Parks Bell Foundation has awarded $818,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AMY BELL CHARITIES INC PURPOSE: GENERAL SUPPORT | $600,000 |
CHILDFUND INTERNATIONAL PURPOSE: EDUCATIONAL AND NUTRITION | $45,000 |
SCI FOUNDATION PURPOSE: HUMANITARIAN AID | $35,000 |
ASU FOUNDATION PURPOSE: SCI SCHOLARSHIP ENDOWNMENT SCI SCHOLARSHIP ENDOWNMENT | $25,000 |
BOSS MARES INC PURPOSE: AREA OF GREATEST NEED BUSINESS AND CONTINUING EDUCATION GRANTS | $20,000 |
FIRST PRESBYTERIAN CHURCH PURPOSE: UGANDAN WATER WELLS | $18,000 |