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Parsemus Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Operating Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$319k (2023)

Expenses
$795k (2023)

Total Assets
$3.56M (2023)

Total Liabilities
$1.77M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$318,860
Expenses
$794,718
Net Income
-$475,858
Net Assets
$1,796,787
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $218,481
68.5%
Interest Revenue $29,940
9.4%
Dividends $0
Sales of Assets $6,698
2.1%
Other Income $63,741
20.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $740,902
93.2%
Compensation of Officers* $155,862
19.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,563,075
Total Liabilities $1,766,288
Net Assets $1,796,787
Compensation
Key Employees and Officers Compensation Other
Linda Brent Ph D Mba (Exec. Dir.) $155,862 $0
Abraxas Adams (Dir Of Operations) $117,308 $0
Elaine A Lissner (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$326,933
Expenses
$894,779
Net Income
-$567,846
Net Assets
$2,264,450
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $345,031
> 100%
Interest Revenue $15,117
4.6%
Dividends $0
Sales of Assets -$382
Other Income -$32,833
Notable Expenses Percent of Total Expenses
Charitable Disbursements $793,851
88.7%
Compensation of Officers* $110,831
12.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,279,583
Total Liabilities $15,133
Net Assets $2,264,450
Compensation
Key Employees and Officers Compensation Other
Linda Brent Ph D Mba (Exec. Dir.) $105,071 $5,760
Abraxas Adams (Creative Dir.) $77,953 $5,760
Elaine A Lissner (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,871,198
Expenses
$1,607,865
Net Income
$263,333
Net Assets
$2,842,034
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,176,999
62.9%
Interest Revenue $60
0.0%
Dividends $0
Sales of Assets $146,935
7.9%
Other Income $547,204
29.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,509,430
93.9%
Compensation of Officers* $101,439
6.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,855,001
Total Liabilities $12,967
Net Assets $2,842,034
Compensation
Key Employees and Officers Compensation Other
Linda Brent Ph D Mba (Exec. Dir.) $95,679 $5,760
Abraxas Adams (Creative Dir.) $70,866 $5,760
Elaine A Lissner (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,401,560
Expenses
$597,589
Net Income
$2,803,971
Net Assets
$2,578,701
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,998,564
> 100%
Interest Revenue $1,359
0.0%
Dividends $0
Sales of Assets $0
Other Income -$563,602
Notable Expenses Percent of Total Expenses
Charitable Disbursements $567,160
94.9%
Compensation of Officers* $79,429
13.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,635,620
Total Liabilities $56,919
Net Assets $2,578,701
Compensation
Key Employees and Officers Compensation Other
Linda Brent Ph D Mba (Exec. Dir.) $74,749 $4,680
Abraxas Adams (Creative Dir.) $55,364 $4,680
Elaine A Lissner (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$62,179
Expenses
$276,169
Net Income
-$213,990
Net Assets
-$543,863
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,173,781
> 100%
Interest Revenue $6,415
10.3%
Dividends $0
Sales of Assets $0
Other Income -$956,630
Notable Expenses Percent of Total Expenses
Charitable Disbursements $273,846
99.2%
Compensation of Officers* $78,045
28.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets -$543,862
Total Liabilities $1
Net Assets -$543,863
Compensation
Key Employees and Officers Compensation Other
Linda Brent Ph D Mba (Exec. Dir.) $73,365 $4,680
Abraxas Adams (Creative Dir.) $55,364 $4,680
Elaine A Lissner (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$358,263
Expenses
$236,644
Net Income
-$594,907
Net Assets
-$329,872
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $407,651
Interest Revenue $8,032
Dividends $0
Sales of Assets $0
Other Income -$773,946
Notable Expenses Percent of Total Expenses
Charitable Disbursements $235,115
99.4%
Compensation of Officers* $68,562
29.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets -$329,872
Total Liabilities $0
Net Assets -$329,872
Compensation
Key Employees and Officers Compensation Other
Linda Brent Ph D Mba (Exec. Dir.) $63,882 $4,680
Abraxas Adams (Creative Dir.) $53,235 $4,680
Elaine A Lissner (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$516,368
Expenses
$207,383
Net Income
$308,985
Net Assets
$264,881
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,023,498
> 100%
Interest Revenue $717
0.1%
Dividends $0
Sales of Assets $0
Other Income -$507,847
Notable Expenses Percent of Total Expenses
Charitable Disbursements $207,383
100%
Compensation of Officers* $50,400
24.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $264,881
Total Liabilities $0
Net Assets $264,881
Compensation
Key Employees and Officers Compensation Other
Linda Brent Ph D Mba (Exec. Dir.) $46,800 $3,600
Elaine A Lissner (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$757,780
Expenses
$844,090
Net Income
-$86,310
Net Assets
-$40,842
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $757,346
99.9%
Interest Revenue $434
0.1%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $839,815
99.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $761,421
Total Liabilities $802,263
Net Assets -$40,842
Compensation
Key Employees and Officers Compensation Other
Linda Brent Phd Mba (Executive Di) $90,706 $600
Abraxas Adams (Dir. Technic) $69,378 $600
Elaine A Lissner (President/Se) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$798,341
Expenses
$659,846
Net Income
$138,495
Net Assets
$45,468
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $509,298
63.8%
Interest Revenue $93
0.0%
Dividends $0
Sales of Assets $288,950
36.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $656,084
99.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $549,881
Total Liabilities $504,413
Net Assets $45,468
Compensation
Key Employees and Officers Compensation Other
Elaine A Lissner (President/Se) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$272,556
Expenses
$316,203
Net Income
-$43,647
Net Assets
$452,802
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $279,829
> 100%
Interest Revenue $0
Dividends $73
0.0%
Sales of Assets -$7,346
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $311,133
98.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $452,802
Total Liabilities $0
Net Assets $452,802
Compensation
Key Employees and Officers Compensation Other
Elaine Lissner (President/Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$341,275
Expenses
$505,763
Net Income
-$164,488
Net Assets
$496,449
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $346,854
> 100%
Interest Revenue $0
Dividends $278
0.1%
Sales of Assets -$5,857
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $504,176
99.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $496,449
Total Liabilities $0
Net Assets $496,449
Compensation
Key Employees and Officers Compensation Other
Elaine Lissner (President/Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$602,748
Expenses
$783,950
Net Income
-$181,202
Net Assets
$660,936
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $591,485
98.1%
Interest Revenue $0
Dividends $3,565
0.6%
Sales of Assets $7,698
1.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $782,009
99.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $660,937
Total Liabilities $1
Net Assets $660,936

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$7,733
Expenses
$414,561
Net Income
-$406,828
Net Assets
$842,138
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $7,435
96.1%
Sales of Assets $298
3.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $408,822
98.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $842,139
Total Liabilities $1
Net Assets $842,138

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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