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John B Parsons Foundation

The Parsons 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.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$398k (2023)

Expenses
$488k (2023)

Total Assets
$9.99M (2023)

Total Liabilities
$0 (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
$398,464
Expenses
$488,280
Net Income
-$89,816
Net Assets
$9,986,293
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $138,015
34.6%
Interest Revenue $428
0.1%
Dividends $221,833
55.7%
Sales of Assets $38,188
9.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $449,266
92.0%
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 $9,986,293
Total Liabilities $0
Net Assets $9,986,293
Compensation
Key Employees and Officers Compensation Other
Ernest I Cornbrooks Iii (President) $0 $0
Robert C Davis (Treasurer) $0 $0
Philip L Bradshaw (Trustee) $0 $0
Allen Brown (Trustee) $0 $0
David Downes (Trustee) $0 $0
Robert Long (Trustee) $0 $0
Lynne Peverley (Trustee) $0 $0
Carolyn Stegman (Trustee) $0 $0
Jeffrey F Turner (Trustee) $0 $0
Gayle Widdowson (Secretary) $0 $0
James E Martin (Trustee) $0 $0
Sharon A Morris (Trustee) $0 $0
Loudell Insley (Trustee) $0 $0
Cynthia Macdonald (Trustee) $0 $0
Michael Mathers (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$575,067
Expenses
$479,262
Net Income
$95,805
Net Assets
$8,744,773
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $159,685
27.8%
Interest Revenue $130
0.0%
Dividends $189,229
32.9%
Sales of Assets $226,023
39.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $449,422
93.8%
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 $8,744,773
Total Liabilities $0
Net Assets $8,744,773
Compensation
Key Employees and Officers Compensation Other
Ernest I Cornbrooks Iii (President) $0 $0
Robert C Davis (Treasurer) $0 $0
Philip L Bradshaw (Trustee) $0 $0
Allen Brown (Trustee) $0 $0
David Downes (Trustee) $0 $0
Robert Long (Trustee) $0 $0
Lynne Peverley (Trustee) $0 $0
Carolyn Stegman (Trustee) $0 $0
Jeffrey F Turner (Trustee) $0 $0
Gayle Widdowson (Secretary) $0 $0
James E Martin (Trustee) $0 $0
Sharon A Morris (Trustee) $0 $0
Loudell Insley (Trustee) $0 $0
Cynthia Macdonald (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$431,582
Expenses
$622,494
Net Income
-$190,912
Net Assets
$10,897,772
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $139,370
32.3%
Interest Revenue $2
0.0%
Dividends $185,660
43.0%
Sales of Assets $106,550
24.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $584,592
93.9%
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 $10,897,772
Total Liabilities $0
Net Assets $10,897,772
Compensation
Key Employees and Officers Compensation Other
Ernest I Cornbrooks Iii (President) $0 $0
Robert C Davis (Treasurer) $0 $0
Philip L Bradshaw (Trustee) $0 $0
Allen Brown (Trustee) $0 $0
David Downes (Trustee) $0 $0
Gordon D Gladden (Trustee) $0 $0
Loudell Insley (Trustee) $0 $0
Robert Long (Trustee) $0 $0
Lynne Peverley (Trustee) $0 $0
Carolyn Stegman (Trustee) $0 $0
Jeffrey F Turner (Trustee) $0 $0
Gayle Widdowson (Secretary) $0 $0
James E Martin (Trustee) $0 $0
Sharon A Morris (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$443,951
Expenses
$447,146
Net Income
-$3,195
Net Assets
$9,898,461
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $133,225
30.0%
Interest Revenue $7
0.0%
Dividends $201,568
45.4%
Sales of Assets $109,151
24.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $393,201
87.9%
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 $9,898,462
Total Liabilities $1
Net Assets $9,898,461
Compensation
Key Employees and Officers Compensation Other
Ernest I Cornbrooks Iii (President) $0 $0
Robert C Davis (Treasurer) $0 $0
Philip L Bradshaw (Trustee) $0 $0
Allen Brown (Trustee) $0 $0
David Downes (Trustee) $0 $0
Gordon D Gladden (Trustee) $0 $0
Loudell Insley (Trustee) $0 $0
Robert Long (Trustee) $0 $0
Lynne Peverley (Trustee) $0 $0
Carolyn Stegman (Trustee) $0 $0
Jeffrey F Turner (Trustee) $0 $0
Gayle Widdowson (Secretary) $0 $0
James E Martin (Trustee) $0 $0
Sharon A Morris (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,783,074
Expenses
$357,693
Net Income
$1,425,381
Net Assets
$8,722,741
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $118,485
6.6%
Interest Revenue $66,614
3.7%
Dividends $135,166
7.6%
Sales of Assets $1,462,809
82.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $339,824
95.0%
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 $8,722,742
Total Liabilities $1
Net Assets $8,722,741
Compensation
Key Employees and Officers Compensation Other
Ernest I Cornbrooks Iii (President) $0 $0
Jean Laws (Vice Preside) $0 $0
Robert C Davis (Treasurer) $0 $0
Philip L Bradshaw (Trustee) $0 $0
Allen Brown (Trustee) $0 $0
David Downes (Trustee) $0 $0
Gordon D Gladden (Trustee) $0 $0
Loudell Insley (Trustee) $0 $0
Robert Long (Trustee) $0 $0
Lynne Peverley (Trustee) $0 $0
Carolyn Stegman (Trustee) $0 $0
Jeffrey F Turner (Trustee) $0 $0
Gayle Widdowson (Secretary) $0 $0
James E Martin (Trustee) $0 $0
Sharon A Morris (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$221,519
Expenses
$382,143
Net Income
-$160,624
Net Assets
$7,036,304
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $105,382
47.6%
Interest Revenue $71,070
32.1%
Dividends $94,147
42.5%
Sales of Assets -$49,080
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $339,464
88.8%
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 $7,036,304
Total Liabilities $0
Net Assets $7,036,304
Compensation
Key Employees and Officers Compensation Other
Ernest I Cornbrooks Iii (President) $0 $0
Jean Laws (Vice Preside) $0 $0
Robert C Davis (Treasurer) $0 $0
Philip L Bradshaw (Trustee) $0 $0
Allen Brown (Trustee) $0 $0
David Downes (Trustee) $0 $0
Gordon D Gladden (Trustee) $0 $0
Loudell Insley (Trustee) $0 $0
Robert Long (Trustee) $0 $0
Lynne Peverley (Trustee) $0 $0
Carolyn Stegman (Trustee) $0 $0
Jeffrey F Turner (Trustee) $0 $0
Gayle Widdowson (Secretary) $0 $0
James E Martin (Trustee) $0 $0
Sharon A Morris (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,154,430
Expenses
$332,144
Net Income
$822,286
Net Assets
$7,714,316
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $905,556
78.4%
Interest Revenue $67,708
5.9%
Dividends $85,143
7.4%
Sales of Assets $96,023
8.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $291,387
87.7%
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 $7,714,316
Total Liabilities $0
Net Assets $7,714,316
Compensation
Key Employees and Officers Compensation Other
Ernest I Cornbrooks Iii (President) $0 $0
Jean Laws (Vice Preside) $0 $0
Robert C Davis (Treasurer) $0 $0
Philip L Bradshaw (Trustee) $0 $0
Allen Brown (Trustee) $0 $0
David Downes (Trustee) $0 $0
Gordon D Gladden (Trustee) $0 $0
Loudell Insley (Trustee) $0 $0
Robert Long (Trustee) $0 $0
Lynne Peverley (Trustee) $0 $0
Carolyn Stegman (Trustee) $0 $0
Jeffrey F Turner (Trustee) $0 $0
Gayle Widdowson (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$238,602
Expenses
$337,353
Net Income
-$98,751
Net Assets
$6,235,179
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $137,645
57.7%
Interest Revenue $64,472
27.0%
Dividends $81,050
34.0%
Sales of Assets -$44,565
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $298,589
88.5%
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 $6,235,179
Total Liabilities $0
Net Assets $6,235,179
Compensation
Key Employees and Officers Compensation Other
Ernest I Cornbrooks Iii (President) $0 $0
Jean Laws (Vice Preside) $0 $0
Robert C Davis (Treasurer) $0 $0
Philip L Bradshaw (Trustee) $0 $0
Allen Brown (Trustee) $0 $0
David Downes (Trustee) $0 $0
Gordon D Gladden (Trustee) $0 $0
Loudell Insley (Trustee) $0 $0
Robert Long (Trustee) $0 $0
Lynne Peverley (Trustee) $0 $0
Carolyn Stegman (Trustee) $0 $0
Jeffrey F Turner (Trustee) $0 $0
Gayle Widdowson (Secretary) $0 $0
Pam Wierman (Trustee) $0 $0
David Cowall (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$366,980
Expenses
$369,209
Net Income
-$2,229
Net Assets
$6,193,884
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $183,427
50.0%
Interest Revenue $68,035
18.5%
Dividends $75,580
20.6%
Sales of Assets $39,938
10.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $330,164
89.4%
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 $6,193,884
Total Liabilities $0
Net Assets $6,193,884
Compensation
Key Employees and Officers Compensation Other
Ernest I Cornbrooks Iii (President) $0 $0
Jean Laws (Vice Preside) $0 $0
Gerald Truitt (Secretary) $0 $0
Robert C Davis (Treasurer) $0 $0
Philip L Bradshaw (Trustee) $0 $0
Allen Brown (Trustee) $0 $0
David Downes (Trustee) $0 $0
Gordon D Gladden (Trustee) $0 $0
Loudell Insley (Trustee) $0 $0
Robert Long (Trustee) $0 $0
Lynne Peverley (Trustee) $0 $0
Carolyn Stegman (Trustee) $0 $0
Jeffrey F Turner (Trustee) $0 $0
Gayle Widdowson (Trustee) $0 $0
Pam Wierman (Trustee) $0 $0
David Cowall (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$417,316
Expenses
$322,804
Net Income
$94,512
Net Assets
$6,383,370
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $244,808
58.7%
Interest Revenue $69,582
16.7%
Dividends $67,556
16.2%
Sales of Assets $35,370
8.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $280,349
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 $6,383,370
Total Liabilities $0
Net Assets $6,383,370
Compensation
Key Employees and Officers Compensation Other
Ernest I Cornbrooks Iii (President) $0 $0
Jean Laws (Vice Preside) $0 $0
Gerald Truitt (Secretary) $0 $0
Robert C Davis (Treasurer) $0 $0
Philip L Bradshaw (Trustee) $0 $0
Allen Brown (Trustee) $0 $0
John M Broyhill (Trustee) $0 $0
David Downes (Trustee) $0 $0
Gordon D Gladden (Trustee) $0 $0
Loudell Insley (Trustee) $0 $0
Robert Long (Trustee) $0 $0
Lynne Peverley (Trustee) $0 $0
Carolyn Stegman (Trustee) $0 $0
Jeffrey F Turner (Trustee) $0 $0
Gayle Widdowson (Trustee) $0 $0
Pam Wierman (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$375,143
Expenses
$348,364
Net Income
$26,779
Net Assets
$5,867,980
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $234,765
62.6%
Interest Revenue $64,452
17.2%
Dividends $57,533
15.3%
Sales of Assets $18,393
4.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $282,094
81.0%
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 $5,867,980
Total Liabilities $0
Net Assets $5,867,980
Compensation
Key Employees and Officers Compensation Other
Ernest I Cornbrooks Iii (President) $0 $0
Jean Laws (Vice Preside) $0 $0
Gerald Truitt (Secretary) $0 $0
Robert C Davis (Treasurer) $0 $0
Philip L Bradshaw (Trustee) $0 $0
Allen Brown (Trustee) $0 $0
John M Broyhill (Trustee) $0 $0
David Downes (Trustee) $0 $0
Gordon D Gladden (Trustee) $0 $0
Loudell Insley (Trustee) $0 $0
Robert Long (Trustee) $0 $0
Lynne Peverley (Trustee) $0 $0
Carolyn Stegman (Trustee) $0 $0
Jeffrey F Turner (Trustee) $0 $0
Gayle Widdowson (Trustee) $0 $0
Pam Wierman (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$232,783
Expenses
$326,364
Net Income
-$93,581
Net Assets
$5,022,829
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $99,187
42.6%
Interest Revenue $70,667
30.4%
Dividends $65,441
28.1%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $277,673
85.1%
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 $5,022,829
Total Liabilities $0
Net Assets $5,022,829

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$313,803
Expenses
$318,710
Net Income
-$4,907
Net Assets
$4,729,087
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $92,845
29.6%
Interest Revenue $62,159
19.8%
Dividends $62,099
19.8%
Sales of Assets $96,700
30.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $284,199
89.2%
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 $4,729,087
Total Liabilities $0
Net Assets $4,729,087

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 Dec.
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 Dec.
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

Fiscal Year Ending Dec.
2005

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.
2004

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.
2003

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.
2002

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.
2001

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

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.

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.

Which Organizations Are Here?

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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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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