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← PARC ENDOWMENT FUND NUMBER 2 FOUNDED BY ALWAYNE B GUNDERSON

Form 990 for tax year 2024

Filed by PARC ENDOWMENT FUND NUMBER 2 FOUNDED BY ALWAYNE B GUNDERSON.

Totals

Total revenue
$129,982
Total expenses
$142,882
Contributions and grants received
$0
Grants paid
$128,665
Program service revenue
$0
Investment income
$129,982
Other revenue
$0
Total assets, end of year
$2,806,393
Total liabilities, end of year
$1,800
Net assets or fund balances, end of year
$2,804,593
Program services expenses (Part IX)
$128,665
Management and general expenses
$14,217
Fundraising expenses
$0
Program service expenses (Part III)
$128,665

Program services were 90.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $93,454 · excluded $93,454

  • 7a · Gross sales of assets other than inventory

    securities $728,981

  • 7b · Less cost or other basis and sales expenses

    securities $692,453

  • 7c · Gain or loss

    securities $36,528

  • 7d · Net gain or loss

    total $36,528 · excluded $36,528

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $128,665 · program services $128,665

  • 11f · Fees: investment management

    total $14,217 · management and general $14,217

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $2,704,369 · end of year $2,806,393

  • 17 · Accounts payable and accrued expenses

    beginning of year $900 · end of year $1,800

  • 28 · Net assets with donor restrictions

    beginning of year $2,703,469 · end of year $2,804,593

Mission and programs · 2024

Mission

TO SUPPORT AND FURTHER THE CHARITABLE PURPOSES AND PROGRAMS OF PARC, INC., WHICH PROVIDES A COMPREHENSIVE ARRAY OF SERVICES TO CHILDREN, ADOLESCENTS, AND ADULTS WITH DEVELOPMENTAL DISABILITIES.(CONTINUED ON SCHEDULE O)PARC ENDOWMENT FUND II CARRIES OUT ITS EXEMPT PURPOSE BY INVESTING ITS ASSETS AND DISTRIBUTING AT LEAST 5% OF THE FMV OF THE INVESTMENTS TO PARC ANNUALLY.

Activities or mission (Part I)

TO SUPPORT THE CHARITABLE PROGRAMS OF PARC, INC.

  • THE ORGANIZATION PROVIDES SUPPORT TO PARC, INC. IN HELPING IT ACCOMPLISH ITS CHARITABLE PURPOSE OF PROVIDING A COMPREHENSIVE ARRAY OF SERVICES TO CHILDREN, ADOLESCENTS, AND ADULTS WITH DEVELOPMENTAL DISABILITIES BY DISTRIBUTING AT LEAST 5% OF THE FMV OF THE TRUST ASSETS AS OF JANUARY 1ST EACH YEAR.

    Expenses $128,665 · Grants $128,665

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MICHELLE DETWEILER

    TRUSTEE/PARC PRESIDENT & CEO

    Total calculated
    $215,473
    From this org
    $0
    From related orgs
    $204,716
    Other
    $10,757
    Hours/week
    0.25 + 39.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $204,716 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $10,757 related
    Filer's total
    $0 + $215,473 related

  • MARK CAVANAUGH

    TRUSTEE/PARC TREASURER, EVP & CFO

    Total calculated
    $163,045
    From this org
    $0
    From related orgs
    $142,198
    Other
    $20,847
    Hours/week
    0.25 + 39.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $142,198 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $20,847 related
    Filer's total
    $0 + $163,045 related

  • MICHAEL BICE

    TRUSTEE/PARC CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.11 + 1.39 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

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE PRESIDENT & CEO IS COMPENSATED BY PARC, INC., A RELATED TAX-EXEMPT ORGANIZATION (SEE SCHEDULE R, PART II). PARC USES THE FOLLOWING IN ESTABLISHING COMPENSATION OF THE PRESIDENT & CEO: - COMPENSATION COMMITTEE - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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

  • PARC INC

    $128,665

    PROGRAMS FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES

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.

  • PARC INC

    501(C)(3) · SUPPORT FOR INDIVIDUALS WITH DISABILITIES · FL

  • PARC HOUSING INC

    501(C)(3) · RESIDENTIAL SERVICE FOR ADULTS WITH DISABILITIES · FL

    Directly controlled by PARC INC

  • PARC HOUSING II INC

    501(C)(3) · RESIDENTIAL SERVICE FOR ADULTS WITH DISABILITIES · FL

    Directly controlled by PARC INC

  • PARC ENDOWMENT FUND

    501(C)(3) · SUPPORT PARC, INC. · FL

    Directly controlled by PARC INC

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
2024
Filed
24 March 2026
IRS schema version
2024v5.5
Source object
202630909349301423

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