Parks Family Foundation

Pennington, NJ
Tax-exempt since Sept. 2002
EIN: 43-1948979

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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

$650k (2025)

Expenses

$119k (2025)

Total Assets

$1.27M (2025)

Total Liabilities

$0 (2025)

Years with missing data

Source: Form 990 tax filings from 2012 to 2025

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 Feb.
2025

Revenue

$650,348

Expenses

$119,362

Net Income

$530,986

Net Assets

$1,270,206

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$18,038	2.8%
Sales of Assets	$632,310	97.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$105,563	88.4%
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	$1,270,206
Total Liabilities	$0
Net Assets	$1,270,206

Compensation

Key Employees and Officers	Compensation	Other
John E Parks (President)	$0	$0
Margaret E Parks (Vice President)	$0	$0

990-PF

Filed on July 10, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Feb.
2024

Revenue

$184,866

Expenses

$101,715

Net Income

$83,151

Net Assets

$736,459

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$17,898	9.7%
Sales of Assets	$166,968	90.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$93,035	91.5%
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	$736,459
Total Liabilities	$0
Net Assets	$736,459

Compensation

Key Employees and Officers	Compensation	Other
John E Parks (President)	$0	$0
Margaret E Parks (Vice President)	$0	$0

990-PF

Filed on July 9, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Feb.
2023

Revenue

$101,585

Expenses

$107,128

Net Income

-$5,543

Net Assets

$654,954

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$17,207	16.9%
Sales of Assets	$84,378	83.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$97,820	91.3%
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	$654,954
Total Liabilities	$0
Net Assets	$654,954

Compensation

Key Employees and Officers	Compensation	Other
John E Parks (President)	$0	$0
Margaret E Parks (Vice President)	$0	$0

990-PF

Filed on July 8, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Feb.
2022

Revenue

$131,471

Expenses

$78,887

Net Income

$52,584

Net Assets

$658,769

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$17,190	13.1%
Sales of Assets	$114,281	86.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$69,229	87.8%
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	$658,769
Total Liabilities	$0
Net Assets	$658,769

Compensation

Key Employees and Officers	Compensation	Other
John E Parks (President)	$0	$0
Margaret E Parks (Vice President)	$0	$0

990-PF

Filed on July 7, 2022

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Feb.
2021

Revenue

$117,817

Expenses

$65,013

Net Income

$52,804

Net Assets

$607,902

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$18,455	15.7%
Sales of Assets	$99,362	84.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$56,811	87.4%
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	$607,903
Total Liabilities	$1
Net Assets	$607,902

Compensation

Key Employees and Officers	Compensation	Other
John E Parks (President)	$0	$0
Margaret E Parks (Vice President)	$0	$0

990-PF

Filed on June 30, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Feb.
2020

Revenue

$77,566

Expenses

$57,348

Net Income

$20,218

Net Assets

$555,135

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$21,147	27.3%
Sales of Assets	$56,419	72.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$51,319	89.5%
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	$555,136
Total Liabilities	$1
Net Assets	$555,135

Compensation

Key Employees and Officers	Compensation	Other
John E Parks (President)	$0	$0
Margaret E Parks (Vice President)	$0	$0

990-PF

Filed on July 8, 2020

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Feb.
2019

Revenue

$79,266

Expenses

$55,749

Net Income

$23,517

Net Assets

$534,922

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$19,271	24.3%
Sales of Assets	$59,995	75.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$49,044	88.0%
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	$534,922
Total Liabilities	$0
Net Assets	$534,922

Compensation

Key Employees and Officers	Compensation	Other
John E Parks (President)	$0	$0
Margaret E Parks (Vice President)	$0	$0

990-PF

Filed on July 11, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Feb.
2018

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

Fiscal Year Ending Feb.
2017

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

Fiscal Year Ending Feb.
2016

Revenue

$57,190

Expenses

$45,784

Net Income

$11,406

Net Assets

$476,701

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$14,577	25.5%
Sales of Assets	$42,613	74.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$39,476	86.2%
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	$476,701
Total Liabilities	$0
Net Assets	$476,701

990-PF

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

PDF

Fiscal Year Ending Feb.
2015

Revenue

$55,319

Expenses

$38,896

Net Income

$16,423

Net Assets

$465,781

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$13,625	24.6%
Sales of Assets	$41,694	75.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$33,073	85.0%
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	$465,781
Total Liabilities	$0
Net Assets	$465,781

990-PF

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

PDF

Fiscal Year Ending Feb.
2014

Revenue

$63,226

Expenses

$35,457

Net Income

$27,769

Net Assets

$449,873

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$10,000	15.8%
Interest Revenue	$0
Dividends	$12,826	20.3%
Sales of Assets	$40,400	63.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$30,233	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	$449,873
Total Liabilities	$0
Net Assets	$449,873

990-PF

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

PDF

Fiscal Year Ending Feb.
2013

Revenue

$44,266

Expenses

$30,756

Net Income

$13,510

Net Assets

$421,678

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$12,503	28.2%
Sales of Assets	$31,763	71.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$26,708	86.8%
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	$421,678
Total Liabilities	$0
Net Assets	$421,678

990-PF

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

PDF

Fiscal Year Ending Feb.
2012

Revenue

$28,782

Expenses

$27,641

Net Income

$1,141

Net Assets

$408,208

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$10,561	36.7%
Sales of Assets	$18,221	63.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$23,896	86.5%
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	$408,208
Total Liabilities	$0
Net Assets	$408,208

990-PF

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

PDF

PDF (2 of 2)

About This Data

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.

Types of Nonprofits

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Parks Family Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $650k (2025)

Expenses $119k (2025)

Total Assets $1.27M (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending Feb. 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Feb. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Feb. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Feb. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Feb. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Feb. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Feb. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Feb. 2018

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Feb. 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Feb. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Feb. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Feb. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Feb. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Feb. 2012

Revenue

$650k (2025)

Expenses

$119k (2025)

Total Assets

$1.27M (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending Feb.
2025

Fiscal Year Ending Feb.
2024

Fiscal Year Ending Feb.
2023

Fiscal Year Ending Feb.
2022

Fiscal Year Ending Feb.
2021

Fiscal Year Ending Feb.
2020

Fiscal Year Ending Feb.
2019

Fiscal Year Ending Feb.
2018

Fiscal Year Ending Feb.
2017

Fiscal Year Ending Feb.
2016

Fiscal Year Ending Feb.
2015

Fiscal Year Ending Feb.
2014

Fiscal Year Ending Feb.
2013

Fiscal Year Ending Feb.
2012

Fiscal Year Ending Feb.
2011

Fiscal Year Ending Feb.
2010

Fiscal Year Ending Feb.
2009

Fiscal Year Ending Feb.
2008

Fiscal Year Ending Feb.
2007

Fiscal Year Ending Feb.
2006

Fiscal Year Ending Feb.
2005

Fiscal Year Ending Feb.
2004

Fiscal Year Ending Feb.
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Fiscal Year Ending Feb.
2002