Michael And Sasha Parker Family Foundation Inc
- Assets
- $956.9k
- Revenue
- $514.9k
- Investments
- $714.8k
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- Data as of
- 12/2022
- EIN
- 84-4025754
Organization Overview
Michael And Sasha Parker Family Foundation Inc is located in Los Angeles, CA. 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. Michael And Sasha Parker Family Foundation Inc 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 12/2022, Michael And Sasha Parker Family Foundation Inc generated $514.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $324.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Michael And Sasha Parker Family Foundation Inc has awarded 40 individual grants totaling $704,503. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL DISTRIBUTIONS ARE MADE SOLELY TO EXEMPT CHARITABLE ORGANIZATIONS AND INSTITUTIONS THAT QUALIFY FOR EXEMPTION EXCLUSIVELY UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Parker Director | 0 | $0 | |
Sasha Parker Director | 0 | $0 | |
Yosef Y Manela ESQ CPA Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $17 |
| Dividends & Interest | $14,883 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11 |
| Capital Gain Net Income | $11 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $514,911 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,995 |
| Total operating and administrative expenses | $28,686 |
| Contributions, gifts, grants paid | $295,438 |
| Total expenses and disbursements | $324,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,114 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $956,885 |
| 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, Michael And Sasha Parker Family Foundation Inc has awarded $295,438 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
OHR ELIYAHU ACADEMY PURPOSE: CHARITABLE CONTRIBUTIONS | $6,310 |
SMALL DONATIONS TO VARIOUS 501C3 CL PURPOSE: CHARITABLE CONTRIBUTIONS | $74,610 |
MACHON LA PURPOSE: CHARITABLE CONTRIBUTIONS | $10,000 |
YAVNEH PURPOSE: CHARITABLE CONTRIBUTIONS | $5,014 |
BAIS CHESED PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
OUR BIG KITCHEN PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |