Nonprofit · EIN 13-3864478
PARSONS FAMILY FOUNDATION
Tax-exempt · NEW YORK, NY 10019
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $67,965 | $211,287 | -$143,322 | $417,800 | $0 | $417,800 |
| December 31, 2023 | 990-PF | $208,494 | $152,202 | $56,292 | $561,122 | $0 | $561,122 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $60,000
- Dividends
- $8,929
- Net gain from sales of assets
- -$1,071
- Other income
- $107
Expenses
- Grants and similar amounts paid
- $194,500
- Compensation of officers, directors and key employees
- $10,828
- Disbursements for charitable purposes
- $194,861
- Excise tax on investment income
- $59
Balance sheet and other
- Total assets, start of year
- $561,122
- Total assets, end of year
- $417,800
- Total liabilities, end of year
- $0
- Net assets, end of year
- $417,800
- Fair market value of assets
- $600,205
- Qualifying distributions
- $194,861
- Net investment income
- $9,036
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LESLIE J PARSONS C/O TAG ASSOCIATES LLC 810 SEVENTH, AVENUE 7TH FLOOR, NEW YORK, NY 10019 | SECRETARY | 10 | $10,828 |
| LAURA A PARSONS C/O TAG ASSOCIATES LLC 810 SEVENTH, AVENUE 7TH FLOOR, NEW YORK, NY 10019 | PRESIDENT/DIRECTOR | 1 | $0 |
| GREGORY A PARSONS C/O TAG ASSOCIATES LLC 810 SEVENTH, AVENUE 7TH FLOOR, NEW YORK, NY 10019 | DIRECTOR | 0 | $0 |
| REBECCA L PARSONS C/O TAG ASSOCIATES LLC 810 SEVENTH, AVENUE 7TH FLOOR, NEW YORK, NY 10019 | DIRECTOR | 0 | $0 |
| CHRISTOPHER C ANGELL C/O TAG ASSOCIATES LLC 810 SEVENTH, AVENUE 7TH FLOOR, NEW YORK, NY 10019 | ASSISTANT SECY | 0 | $0 |
990-PF for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LESLIE J PARSONS C/O TAG ASSOCIATES LLC 810 SEVENTH, AVENUE 7TH FLOOR, NEW YORK, NY 10019 | SECRETARY | 10 | $10,828 |
| RICHARD D PARSONS C/O TAG ASSOCIATES LLC 810 SEVENTH, AVENUE 7TH FLOOR, NEW YORK, NY 10019 | TREAS/SECY/DIRECTOR | 1 | $0 |
| LAURA A PARSONS C/O TAG ASSOCIATES LLC 810 SEVENTH, AVENUE 7TH FLOOR, NEW YORK, NY 10019 | PRESIDENT/DIRECTOR | 1 | $0 |
| GREGORY A PARSONS C/O TAG ASSOCIATES LLC 810 SEVENTH, AVENUE 7TH FLOOR, NEW YORK, NY 10019 | DIRECTOR | 0 | $0 |
| REBECCA L PARSONS C/O TAG ASSOCIATES LLC 810 SEVENTH, AVENUE 7TH FLOOR, NEW YORK, NY 10019 | DIRECTOR | 0 | $0 |
| CHRISTOPHER C ANGELL C/O TAG ASSOCIATES LLC 810 SEVENTH, AVENUE 7TH FLOOR, NEW YORK, NY 10019 | ASSISTANT SECY | 0 | $0 |
Address and contacts
- Address (IRS master file)
- CO TAG ASSOC 810 SEVENTH AVE 7FL, NEW YORK, NY 10019-0000
- In care of
- % TAG ASSOCIATES LLC
- Signed the 990-PF
- LAURA A PARSONS, DIRECTOR
- Phone
- (212) 275-1500
- Return prepared by
- TAG ASSOCIATES LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 13-3864478
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22Z)
- Assets (IRS master file)
- $417,800
- Income (IRS master file)
- $69,036
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $67,965 | $211,287 | $417,800 | XML |
| 990-PF | December 2023 | $208,494 | $152,202 | $561,122 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | 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 13-3864478).
Questions about PARSONS FAMILY FOUNDATION
- What is the EIN of PARSONS FAMILY FOUNDATION?
- The employer identification number (EIN) of PARSONS FAMILY FOUNDATION is 13-3864478.
- Is PARSONS FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to PARSONS FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PARSONS FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PARSONS FAMILY FOUNDATION 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 PARSONS FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of PARSONS FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $10,828 (LESLIE J PARSONS, SECRETARY).
- How much revenue does PARSONS FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $67,965, expenses of $211,287 and total assets of $417,800 at year end.
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