Sean N Parker Foundation

Palo Alto, CA
Tax-exempt since Aug. 2011
EIN: 27-4389819

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Type of Nonprofit

Designated as a 501(c)(3) 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 Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$2.15M (2023)

Expenses

$3.25M (2023)

Total Assets

$252M (2023)

Total Liabilities

$104k (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

Revenue

$2,150,255

Expenses

$3,254,012

Net Income

-$1,103,757

Net Assets

$252,220,733

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,128,950	99.0%
Interest Revenue	$0
Dividends	$61,155	2.8%
Sales of Assets	-$40,837
Other Income	$987	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,122,257	96.0%
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	$252,325,143
Total Liabilities	$104,410
Net Assets	$252,220,733

Compensation

Key Employees and Officers	Compensation	Other
Sean N Parker (President/Director)	$0	$0
Tom Van Loben Sels (Secretary/Treasurer/Director)	$0	$0
Alexandra Lenas Parker (Director)	$0	$0
Rakesh Mehta (Director)	$0	$0
Michael Polansky (Executive Director)	$0	$0

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990-PF

Filed on Nov. 7, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$4,231,378

Expenses

$3,458,902

Net Income

$772,476

Net Assets

$253,324,490

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,530,046	> 100%
Interest Revenue	$0
Dividends	$26,139	0.6%
Sales of Assets	-$320,258
Other Income	-$4,549

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,969,293	85.8%
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	$253,771,014
Total Liabilities	$446,524
Net Assets	$253,324,490

Compensation

Key Employees and Officers	Compensation	Other
Sean N Parker (President/Director)	$0	$0
Tom Van Loben Sels (Secretary/Treasurer/Director)	$0	$0
Alexandra Lenas Parker (Director)	$0	$0
Rakesh Mehta (Director)	$0	$0
Michael Polansky (Executive Director)	$0	$0

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990-PF

Filed on Nov. 14, 2023

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$36,499,535

Expenses

$3,891,933

Net Income

$32,607,602

Net Assets

$252,552,014

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$36,974,579	> 100%
Interest Revenue	$0
Dividends	$755	0.0%
Sales of Assets	-$475,097
Other Income	-$702

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,894,919	> 100%
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	$252,595,139
Total Liabilities	$43,125
Net Assets	$252,552,014

Compensation

Key Employees and Officers	Compensation	Other
Sean N Parker (President/Director)	$0	$0
Tom Van Loben Sels (Secretary/Treasurer/Director)	$0	$0
Alexandra Lenas Parker (Director)	$0	$0
Rakesh Mehta (Director)	$0	$0
Michael Polansky (Executive Director)	$0	$0

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990-PF

Filed on Nov. 15, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$155,412

Expenses

$5,833,138

Net Income

-$5,677,726

Net Assets

$219,944,412

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$56,400	36.3%
Interest Revenue	$0
Dividends	$94,062	60.5%
Sales of Assets	$0
Other Income	$4,950	3.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,108,763	> 100%
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	$226,658,721
Total Liabilities	$6,714,309
Net Assets	$219,944,412

Compensation

Key Employees and Officers	Compensation	Other
Sean N Parker (President/Director)	$0	$0
Tom Van Loben Sels (Secretary/Treasurer/Director)	$0	$0
Alexandra Lenas Parker (Director)	$0	$0
Rakesh Mehta (Director)	$0	$0
Michael Polansky (Executive Director)	$0	$0

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990-PF

Filed on Nov. 12, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2019

Revenue

$37,324,330

Expenses

$21,813,070

Net Income

$15,511,260

Net Assets

$225,622,138

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$37,116,683	99.4%
Interest Revenue	$0
Dividends	$273,270	0.7%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$27,578,462	> 100%
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	$238,633,334
Total Liabilities	$13,011,196
Net Assets	$225,622,138

Compensation

Key Employees and Officers	Compensation	Other
Sean N Parker (President/Director)	$0	$0
Tom Van Loben Sels (Secretary/Treasurer/Director)	$0	$0
Alexandra Lenas Parker (Director)	$0	$0
Rakesh Mehta (Director)	$0	$0
Michael Polansky (Executive Director)	$0	$0

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990-PF

Filed on Nov. 12, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2018

Revenue

$782,717

Expenses

$31,118,670

Net Income

-$30,335,953

Net Assets

$210,110,878

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$777,717	99.4%
Sales of Assets	$0
Other Income	$5,000	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,762,231	41.0%
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	$229,160,367
Total Liabilities	$19,049,489
Net Assets	$210,110,878

Compensation

Key Employees and Officers	Compensation	Other
Sean N Parker (President/Director)	$0	$0
Tom Van Loben Sels (Secretary/Treasurer/Director)	$0	$0
Alexandra Lenas Parker (Director)	$0	$0
Divesh Makan (Director)	$0	$0
Rakesh Mehta (Director)	$0	$0
Michael Polansky (Executive Director)	$0	$0

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990-PF

Filed on Nov. 13, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$1,690,793

Expenses

$66,710,392

Net Income

-$65,019,599

Net Assets

$240,446,831

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,214,793	71.8%
Sales of Assets	$0
Other Income	$476,000	28.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$66,429,766	99.6%
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	$241,055,331
Total Liabilities	$608,500
Net Assets	$240,446,831

Compensation

Key Employees and Officers	Compensation	Other
Susan C Dawson (General Counsel)	$86,720	$0
Claire G Bulger (Director Of Research)	$86,105	$12,594
Nicholas C Dane (Director Of Partners)	$70,000	$7,711
Aditi Shah (Sr Associate, Resear)	$49,000	$7,445
Sean N Parker (President/Director)	$0	$0
Tom Van Loben Sels (Secretary/Treasurer/Director)	$0	$0
Alexandra Lenas Parker (Director)	$0	$0
Divesh Makan (Director)	$0	$0
Michael Polansky (Executive Director)	$0	$0

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990-PF

Filed on Nov. 15, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$50,543,085

Expenses

$8,811,456

Net Income

$41,731,629

Net Assets

$305,466,430

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$49,772,259	98.5%
Interest Revenue	$0
Dividends	$1,184,177	2.3%
Sales of Assets	-$413,351
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,130,867	> 100%
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	$308,509,856
Total Liabilities	$3,043,426
Net Assets	$305,466,430

Compensation

Key Employees and Officers	Compensation	Other
Nicholas C Dane (Director Of Partners)	$125,000	$0
Claire G Bulger (Director Of Research)	$102,965	$0
Susan C Dawson (General Counsel)	$68,750	$0
Sean N Parker (President & Director)	$0	$0
Tom Van Loben Sels (Secretary, Treasurer & Dir)	$0	$0
Alexandra Lenas Parker (Director)	$0	$0
Divesh Makan (Director)	$0	$0
Michael Polansky (Executive Director)	$0	$0

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990-PF

Filed on Nov. 14, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$1,686,397

Expenses

$66,471,530

Net Income

-$64,785,133

Net Assets

$263,240,886

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,194,053	70.8%
Interest Revenue	$0
Dividends	$912,325	54.1%
Sales of Assets	-$419,981
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$74,520,839	> 100%
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	$268,878,847
Total Liabilities	$5,637,961
Net Assets	$263,240,886

Compensation

Key Employees and Officers	Compensation	Other
Sean N Parker (President & Director)	$0	$0
Tom Van Loben Sels (Secretary, Treasurer & Dir)	$0	$0
Alexandra Lenas Parker (Director)	$0	$0
Divesh Makan (Director)	$0	$0
Michael Polansky (Executive Director)	$0	$0

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990-PF

Filed on Nov. 14, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$119,817,774

Expenses

$30,855,665

Net Income

$88,962,109

Net Assets

$328,416,789

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$119,286,622	99.6%
Interest Revenue	$0
Dividends	$737,085	0.6%
Sales of Assets	-$205,933
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$14,771,483	47.9%
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	$342,094,478
Total Liabilities	$13,677,689
Net Assets	$328,416,789

Compensation

Key Employees and Officers	Compensation	Other
Sean N Parker (President & Director)	$0	$0
Tom Van Loben Sels (Secretary, Treasurer & Dir)	$0	$0
Alexandra Lenas Parker (Director)	$0	$0
Divesh Makan (Director)	$0	$0
Michael Polansky (Executive Director)	$0	$0

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990-PF

Filed on Nov. 16, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$201,928,990

Expenses

$11,527,034

Net Income

$190,401,956

Net Assets

$239,497,051

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$190,376,616	94.3%
Interest Revenue	$0
Dividends	$545,114	0.3%
Sales of Assets	$11,007,260	5.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$11,141,829	96.7%
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	$244,067,051
Total Liabilities	$4,570,000
Net Assets	$239,497,051

Compensation

Key Employees and Officers	Compensation	Other
Sean N Parker (President & Director)	$0	$0
Tom Van Loben Sels (Secretary, Treasurer & Director)	$0	$0
Alexandra Lenas Parker (Director)	$0	$0
Divesh Makan (Director)	$0	$0
Michael Polansky (Executive Director)	$0	$0

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990-PF

Filed on Nov. 7, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$57,231,670

Expenses

$5,437,329

Net Income

$51,794,341

Net Assets

$54,031,556

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$57,018,801	99.6%
Interest Revenue	$0
Dividends	$44,318	0.1%
Sales of Assets	$168,483	0.3%
Other Income	$68	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,426,825	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	$54,031,557
Total Liabilities	$1
Net Assets	$54,031,556

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$226,979

Expenses

$264,022

Net Income

-$37,043

Net Assets

$1,873,619

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$200,000	88.1%
Interest Revenue	$0
Dividends	$25,016	11.0%
Sales of Assets	$1,963	0.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$225,160	85.3%
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	$1,873,620
Total Liabilities	$1
Net Assets	$1,873,619

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

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

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

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What Is 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.

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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.

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Sean N Parker Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $2.15M (2023)

Expenses $3.25M (2023)

Total Assets $252M (2023)

Total Liabilities $104k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$2.15M (2023)

Expenses

$3.25M (2023)

Total Assets

$252M (2023)

Total Liabilities

$104k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010