Ralph M Parsons Foundation
- Assets
- $415.1m
- Revenue
- -$3.0m
- Investments
- $407.1m
- Employees
- 0
- Location
- West Hollywood, CA
- Founding
- 11/1963
- Data as of
- 12/2022
- EIN
- 95-6085895
Organization Overview
Ralph M Parsons Foundation is located in West Hollywood, CA. The organization was established in 1963. 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. Ralph M Parsons Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2018, Ralph M Parsons Foundation has awarded 1,825 individual grants totaling $134,013,523. 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 |
|---|---|---|---|
Wendy Garen President & CEO | 35 | $514,711 | |
E Thomas Brewer Vp, Finance & Administration | 35 | $300,000 | |
Jennifer Price-Letscher Vp, Grants & Initiatives | 35 | $280,000 | |
Nicole Larsen Director, Grants Administration | 35 | $189,000 | |
Peter J Taylor Director/chair | 2 | $38,000 | |
Paul G Haaga Jr Director/vice Chair | 2 | $38,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates Llc | 12/30/22 | $855,662 |
Silchester | 12/30/22 | $251,829 |
Adage | 12/30/22 | $262,155 |
Armanino Llp | 12/30/22 | $200,455 |
Patria- Private Equity Fund Vi Feeder Lp | 12/30/22 | $199,233 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $113,277 |
| Dividends & Interest | $8,660,665 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$12,681,968 |
| Capital Gain Net Income | $1,383,363 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $949,507 |
| Total Revenue | -$2,958,519 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,807,771 |
| Other employee salaries and wages | $1,596,670 |
| Pension plans, employee benefits | $984,328 |
| Interest | $0 |
| Taxes | $253,461 |
| Depreciation | $129,363 |
| Occupancy | $455,463 |
| Travel, conferences, and meetings | $179,426 |
| Printing and publications | $0 |
| Other expenses | $754,951 |
| Total operating and administrative expenses | $14,448,883 |
| Contributions, gifts, grants paid | $20,741,551 |
| Total expenses and disbursements | $35,190,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235 |
| Savings and temporary cash investments | $5,948,597 |
| 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 | $953,593 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $350,978,086 |
| Net Land, buildings, and equipment | $178,086 |
| Other assets | $969,140 |
| Total assets | $415,112,931 |
| Accounts payable and accrued expenses | $611,179 |
| Grants payable | $3,797,799 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,752,436 |
| Total liabilities | $8,161,414 |
Grants Awarded
Over the last fiscal year, Ralph M Parsons Foundation has awarded $27,843,498 in support to 388 organizations.
| Grant Recipient | Amount |
|---|---|
24TH STREET THEATRE COMPANY PURPOSE: FOR GENERAL SUPPORT OF THEATRE AND ARTS EDUCATION PROGRAMS | $50,000 |
826LA PURPOSE: FOR GENERAL SUPPORT OF WRITING AND TUTORING PROGRAMS FOR YOUTH | $50,000 |
ARTS FOR HEALING AND JUSTICE NETWORK PURPOSE: FOR GENERAL SUPPORT OF ARTS EDUCATION FOR YOUTH | $75,000 |
ADVOT PROJECT PURPOSE: FOR GENERAL SUPPORT OF ARTS-BASED EDUCATION AND COMMUNICATION PROGRAMS FOR YOUTH IN LOS ANGELES COUNTY | $20,000 |
AGINGNEXT INC PURPOSE: FOR GENERAL SUPPORT OF PROGRAMS AND SERVICES FOR OLDER ADULTS | $40,000 |
ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FOUNDATION PURPOSE: FOR GENERAL SUPPORT OF A CHARTER NETWORK OF COLLEGE-PREPARATORY MIDDLE AND HIGH SCHOOLS | $75,000 |