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Nonprofiteer
← PARKER FOUNDATION INC

Form 990 for tax year 2023

Filed by PARKER FOUNDATION INC.

Totals

Total revenue
$80,020,732
Total expenses
$4,349,499
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$80,020,732
Other revenue
$0
Total assets, end of year
$1,768,704,248
Total liabilities, end of year
$1,558,222
Net assets or fund balances, end of year
$1,767,146,026
Program services expenses (Part IX)
$0
Management and general expenses
$4,349,499
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ROBERTO MUNIZ MPA FLNHA

    PRESIDENT/CEO

    Total calculated
    $643,399
    From this org
    $0
    From related orgs
    $587,591
    Other
    $55,808
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $500,622 related
    Bonus
    $0 + $85,359 related
    Other
    $0 + $1,610 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $55,808 related
    Filer's total
    $0 + $643,399 related

  • MARGUERITE K SCHLAG EDD RN

    CHAIR

    Total calculated
    $0
    Hours/week
    0 + 14 related

  • SCOTT E TOWNSLEY ESQ

    VICE-CHAIR (UNTIL)

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • JOHN A PAPA

    TREASURER

    Total calculated
    $0
    Hours/week
    0 + 14 related

  • JOSEPH G BRAUNREUTHER ESQ

    SECRETARY

    Total calculated
    $0
    Hours/week
    0 + 14 related

  • WILLIAM R HAGAMAN JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • WILLIAM P TIBBITT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • ALFRED F TALLIA MD MPH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • JOSEPH FERRO MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • CLIFFORD E HOLLAND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • PENELOPE LATTIMER PHD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • STEPHEN LANDERS MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • JAMES FERRARE

    TRUSTEE (UNTIL)

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • MAJD ALWAN PHD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • JOSEPH DOYLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • LARRY JONES

    TRUSTEE (UNTIL)

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • DENISE BOUDREAU

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • DIANE HILL PHD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • JOSEPH VELDERMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • LINDA SCHWIMMER JD

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • EDWARD MATTHEWS

    CFO

    Total calculated
    $327,691
    From this org
    $0
    From related orgs
    $297,994
    Other
    $29,697
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $269,952 related
    Bonus
    $0 + $27,225 related
    Other
    $0 + $817 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $29,697 related
    Filer's total
    $0 + $327,691 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
A RELATED ORGANIZATION, PARKER HEALTH GROUP, INC., USES AN INDEPENDENT CONSULTANT, COMPENSATION SURVEYS AND STUDIES, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO DETERMINE THE CEO'S COMPENSATION.
PART I, LINE 7
EXECUTIVES AND MANAGEMENT PERSONNEL RECEIVED BONUSES AS PART OF THEIR COMPENSATION FOR THE YEAR 2023. THE BONUSES ARE BASED UPON PERFORMANCE EVALUATIONS THAT REFLECT PREVIOUSLY AGREED UPON GOALS AND OBJECTIVES WHICH HAVE BOTH FINANCIAL AND NON-FINANCIAL ELEMENTS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
20 September 2024
IRS schema version
2023v5.1
Source object
202402679349300615

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