Rebecca C Parsons Foundation

Parsons Rebecca C Co Ttee

Pawleys Isl, SC
Tax-exempt since Aug. 1994
EIN: 57-0990214

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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.

Donations to this organization are tax deductible.

Revenue

$2.36M (2024)

Expenses

$518k (2024)

Total Assets

$8.04M (2024)

Total Liabilities

$100k (2024)

Source: Form 990 tax filings from 2011 to 2024

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.
2024

Revenue

$2,359,104

Expenses

$518,206

Net Income

$1,840,898

Net Assets

$7,944,519

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$62	0.0%
Dividends	$163,012	6.9%
Sales of Assets	$2,196,030	93.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$468,440	90.4%
Compensation of Officers*	$45,000	8.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,044,556
Total Liabilities	$100,037
Net Assets	$7,944,519

Compensation

Key Employees and Officers	Compensation	Other
Robert D Harper Jr (Trustee)	$15,000	$0
Martha Lynn Mercer Gaskins (Trustee)	$15,000	$0
William Gaskins (Trustee)	$15,000	$0

990-PF

Filed on May 27, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$256,293

Expenses

$910,855

Net Income

-$654,562

Net Assets

$6,098,940

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$22	0.0%
Dividends	$241,469	94.2%
Sales of Assets	$14,802	5.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$883,504	97.0%
Compensation of Officers*	$36,000	4.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,098,940
Total Liabilities	$0
Net Assets	$6,098,940

Compensation

Key Employees and Officers	Compensation	Other
Robert D Harper Jr (Trustee)	$12,000	$0
Martha Lynn Mercer Gaskins (Trustee)	$12,000	$0
William Gaskins (Trustee)	$12,000	$0

990-PF

Filed on Dec. 5, 2024

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

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XML

Fiscal Year Ending Dec.
2022

Revenue

$343,287

Expenses

$309,851

Net Income

$33,436

Net Assets

$6,738,271

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$19	0.0%
Dividends	$227,010	66.1%
Sales of Assets	$116,258	33.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$282,245	91.1%
Compensation of Officers*	$27,000	8.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,738,271
Total Liabilities	$0
Net Assets	$6,738,271

Compensation

Key Employees and Officers	Compensation	Other
Robert D Harper Jr (Trustee)	$9,000	$0
Martha Lynn Mercer Gaskins (Trustee)	$9,000	$0
William Gaskins (Trustee)	$9,000	$0

990-PF

Filed on Dec. 5, 2024

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.
2021

Revenue

$485,660

Expenses

$183,479

Net Income

$302,181

Net Assets

$6,704,783

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4	0.0%
Dividends	$217,410	44.8%
Sales of Assets	$268,246	55.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$159,744	87.1%
Compensation of Officers*	$27,000	14.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,704,783
Total Liabilities	$0
Net Assets	$6,704,783

Compensation

Key Employees and Officers	Compensation	Other
Robert D Harper Jr (Trustee)	$9,000	$0
Martha Lynn Gaskins (Trustee)	$9,000	$0
William Gaskins (Trustee)	$9,000	$0

990-PF

Filed on Dec. 5, 2024

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

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Schedules ▼

XML

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Fiscal Year Ending Dec.
2020

Revenue

$307,359

Expenses

$188,889

Net Income

$118,470

Net Assets

$6,394,454

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$212,889	69.3%
Sales of Assets	$94,467	30.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$127,600	67.6%
Compensation of Officers*	$27,000	14.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,394,455
Total Liabilities	$1
Net Assets	$6,394,454

Compensation

Key Employees and Officers	Compensation	Other
Robert D Harper Jr Cpa Pa (Trustee)	$9,000	$0
Martha Lynn Mercer Gaskins (Trustee)	$9,000	$0
William Gaskins (Trustee)	$9,000	$0

990-PF

Filed on April 16, 2021

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

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XML

Fiscal Year Ending Dec.
2019

Revenue

$321,555

Expenses

$165,652

Net Income

$155,903

Net Assets

$6,275,930

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4	0.0%
Dividends	$217,209	67.5%
Sales of Assets	$104,342	32.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$110,180	66.5%
Compensation of Officers*	$27,000	16.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,275,931
Total Liabilities	$1
Net Assets	$6,275,930

Compensation

Key Employees and Officers	Compensation	Other
Robert D Harper Jr Cpa Pa (Trustee)	$9,000	$0
Martha Lynn Mercer Gaskins (Trustee)	$9,000	$0
William Gaskins (Trustee)	$9,000	$0

990-PF

Filed on May 19, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$404,328

Expenses

$157,838

Net Income

$246,490

Net Assets

$6,116,545

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4	0.0%
Dividends	$216,455	53.5%
Sales of Assets	$185,632	45.9%
Other Income	$2,237	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$101,600	64.4%
Compensation of Officers*	$27,000	17.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,116,545
Total Liabilities	$0
Net Assets	$6,116,545

Compensation

Key Employees and Officers	Compensation	Other
Robert D Harper Jr Cpa Pa (Trustee)	$9,000	$0
Martha Lynn Mercer Gaskins (Trustee)	$9,000	$0
William Gaskins (Trustee)	$9,000	$0

990-PF

Filed on April 30, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$311,809

Expenses

$179,355

Net Income

$132,454

Net Assets

$5,871,053

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6	0.0%
Dividends	$197,861	63.5%
Sales of Assets	$113,942	36.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$125,500	70.0%
Compensation of Officers*	$27,000	15.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,871,053
Total Liabilities	$0
Net Assets	$5,871,053

Compensation

Key Employees and Officers	Compensation	Other
Robert D Harper Jr Cpa Pa (Trustee)	$9,000	$0
Martha Lynn Mercer Gaskins (Trustee)	$9,000	$0
William Gaskins (Trustee)	$9,000	$0

990-PF

Filed on May 1, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$304,099

Expenses

$146,664

Net Income

$157,435

Net Assets

$5,737,606

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$174,847	57.5%
Sales of Assets	$134,308	44.2%
Other Income	-$5,059

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$96,360	65.7%
Compensation of Officers*	$27,000	18.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,737,606
Total Liabilities	$0
Net Assets	$5,737,606

Compensation

Key Employees and Officers	Compensation	Other
Robert D Harper Jr Cpa Pa (Trustee)	$9,000	$0
Martha Lynn Mercer Gaskins (Trustee)	$9,000	$0
William Gaskins (Trustee)	$9,000	$0

990-PF

Filed on May 2, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$315,206

Expenses

$219,452

Net Income

$95,754

Net Assets

$5,582,052

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$178,486	56.6%
Sales of Assets	$143,265	45.5%
Other Income	-$6,548

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$172,000	78.4%
Compensation of Officers*	$27,000	12.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,582,052
Total Liabilities	$0
Net Assets	$5,582,052

Compensation

Key Employees and Officers	Compensation	Other
Robert D Harper Jr Cpa Pa (Trustee)	$9,000	$0
Martha Lynn Mercer Gaskins (Trustee)	$9,000	$0
William Gaskins (Trustee)	$9,000	$0

990-PF

Filed on May 9, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$403,597

Expenses

$139,549

Net Income

$264,048

Net Assets

$5,485,190

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$197,438	48.9%
Sales of Assets	$195,828	48.5%
Other Income	$10,328	2.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$93,160	66.8%
Compensation of Officers*	$27,000	19.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,485,190
Total Liabilities	$0
Net Assets	$5,485,190

Compensation

Key Employees and Officers	Compensation	Other
Alice Mercer (Trustee)	$9,000	$0
Robert D Harper Jr (Trustee)	$9,000	$0
Martha Lynn Mercer Gaskins (Trustee)	$9,000	$0

990-PF

Filed on May 28, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$274,964

Expenses

$124,695

Net Income

$150,269

Net Assets

$5,223,651

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$162,209	59.0%
Sales of Assets	$110,651	40.2%
Other Income	$2,102	0.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$78,000	62.6%
Compensation of Officers*	$27,000	21.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,223,651
Total Liabilities	$0
Net Assets	$5,223,651

Compensation

Key Employees and Officers	Compensation	Other
Alice Mercer (Trustee)	$9,000	$0
Robert D Harper Jr (Trustee)	$9,000	$0
Martha Lynn Mercer Gaskins (Trustee)	$9,000	$0

990-PF

Filed on May 15, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$246,773

Expenses

$117,257

Net Income

$129,516

Net Assets

$5,075,294

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$177,463	71.9%
Sales of Assets	$71,226	28.9%
Other Income	-$1,919

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$76,000	64.8%
Compensation of Officers*	$22,500	19.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,075,295
Total Liabilities	$1
Net Assets	$5,075,294

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$242,687

Expenses

$97,892

Net Income

$144,795

Net Assets

$4,947,873

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$61	0.0%
Dividends	$174,532	71.9%
Sales of Assets	$73,919	30.5%
Other Income	-$5,825

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$58,000	59.2%
Compensation of Officers*	$22,500	23.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,947,874
Total Liabilities	$1
Net Assets	$4,947,873

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

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Updated September 25, 2025

Rebecca C Parsons Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $2.36M (2024)

Expenses $518k (2024)

Total Assets $8.04M (2024)

Total Liabilities $100k (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

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

Revenue

$2.36M (2024)

Expenses

$518k (2024)

Total Assets

$8.04M (2024)

Total Liabilities

$100k (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

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2022

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2020

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2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

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2011

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2009

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