Nonprofit · EIN 52-2060233
FRANK AND NANCY PARSONS FOUNDATION INC
Tax-exempt · ARLINGTON, VA 22207
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $337,472 | $191,655 | $145,817 | $3,267,269 | $0 | $3,267,269 |
| December 31, 2023 | 990 | $348,367 | $157,235 | $191,132 | $3,121,452 | $0 | $3,121,452 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $210,344
- Program service revenue
- $0
- Investment income
- $127,128
- Net gain from sales of assets
- -$797
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $184,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $6,993
- Program services (functional)
- $184,000
- Management and general (functional)
- $7,655
Balance sheet and other
- Total assets, start of year
- $3,121,452
- Total assets, end of year
- $3,267,269
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,267,269
- Publicly traded securities
- $2,868,203
- Gross receipts
- $749,221
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1997
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Douglas T Parsons | Director President Treas Trustee or director, Officer | 0 | $0 |
| Mary L Parsons | Director Vice President Trustee or director, Officer | 0 | $0 |
| Philip J Sweeney | Director Secretary Trustee or director, Officer | 0 | $0 |
| Tonia Wellons | Director Trustee or director | 0 | $0 |
| Tiffanie Purvis | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Douglas T Parsons | Director President Treas Trustee or director, Officer | 0 | $0 |
| Mary L Parsons | Director Vice President Trustee or director, Officer | 0 | $0 |
| Philip J Sweeney | Director Secretary Trustee or director, Officer | 0 | $0 |
| Tonia Wellons | Director Trustee or director | 0 | $0 |
| Tiffania Purvis | Director Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 3815 N DICKERSON ST, ARLINGTON, VA 22207-2968
- In care of
- % DOUGLAS T PARSONS
- Principal officer (990 for 2024)
- Douglas T Parsons, 3815 N DICKERSON ST, ARLINGTON, VA 222072968
- Signed the 990
- Douglas T Parsons, Treasurer
- Phone
- (703) 534-2099
Mission
Charitable Foundation that makes charitable contributions to specific charitable organization.
Program accomplishments
- Contribution to CharityExpenses $184,000 · grants $184,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 52-2060233
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T11)
- Assets (IRS master file)
- $3,267,269
- Income (IRS master file)
- $749,221
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $337,472 | $191,655 | $3,267,269 | IRS |
| 990 | December 2023 | $348,367 | $157,235 | $3,121,452 | XML |
| 990 | December 2022 | $96,416 | $173,122 | $2,930,320 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-2060233).
Questions about FRANK AND NANCY PARSONS FOUNDATION INC
- What is the EIN of FRANK AND NANCY PARSONS FOUNDATION INC?
- The employer identification number (EIN) of FRANK AND NANCY PARSONS FOUNDATION INC is 52-2060233.
- Is FRANK AND NANCY PARSONS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to FRANK AND NANCY PARSONS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does FRANK AND NANCY PARSONS FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRANK AND NANCY PARSONS FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRANK AND NANCY PARSONS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FRANK AND NANCY PARSONS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Douglas T Parsons.
- Who are the officers and directors of FRANK AND NANCY PARSONS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does FRANK AND NANCY PARSONS FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $337,472, expenses of $191,655 and total assets of $3,267,269 at year end.
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