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Nonprofit · EIN 76-0122692

FRED AND MABEL R PARKS FOUNDATION

Tax-exempt · SUGAR LAND, TX 77478

Financials

$1.4M$1.9M2023$3.4M$2.4M2024$3.7M$2.6M2025
Revenue Expenses · by fiscal year end
Financials of FRED AND MABEL R PARKS FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$3,708,053$2,607,471$1,100,582$42,631,261$0$42,631,261
December 31, 2024990-PF$3,413,773$2,436,136$977,637$41,530,679$0$41,530,679
December 31, 2023990-PF$1,380,637$1,898,643-$518,006$40,553,042$0$40,553,042
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$1,169,319
Interest
$3,271
Net gain from sales of assets
$2,529,206
Other income
$6,257

Expenses

Grants and similar amounts paid
$2,187,000
Compensation of officers, directors and key employees
$110,046
Disbursements for charitable purposes
$2,245,911
Excise tax on investment income
$47,234

Balance sheet and other

Total assets, start of year
$41,530,679
Total assets, end of year
$42,631,261
Total liabilities, end of year
$0
Net assets, end of year
$42,631,261
Fair market value of assets
$53,410,559
Qualifying distributions
$2,245,911
Net investment income
$3,708,053

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
JAMES G MCCLELLAN
12926 DAIRY ASHFORD STE 130, SUGAR LAND, TX 77478
PRES./TREAS.10$107,796
ANN PARKS STALLINGS
12926 DAIRY ASHFORD STE 130, SUGAR LAND, TX 77478
VICE PRES.0.5$750
DEBRA MARFIN
12926 DAIRY ASHFORD STE 130, SUGAR LAND, TX 77478
VICE PRES.0.5$750
PATRICIA SOMERS
12926 DAIRY ASHFORD STE 130, SUGAR LAND, TX 77478
SECRETARY0.5$750
990-PF for the year ended December 31, 2024: 4 people
NameTitleHours / weekCompensation
JAMES G MCCLELLAN
12926 DAIRY ASHFORD STE 130, SUGAR LAND, TX 77478
PRES./TREAS.10$105,806
ANN PARKS STALLINGS
12926 DAIRY ASHFORD STE 130, SUGAR LAND, TX 77478
VICE PRES.0.5$750
DEBRA MARFIN
12926 DAIRY ASHFORD STE 130, SUGAR LAND, TX 77478
VICE PRES.0.5$750
PATRICIA SOMERS
12926 DAIRY ASHFORD STE 130, SUGAR LAND, TX 77478
SECRETARY0.5$750
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
JAMES G MCCLELLAN
12926 DAIRY ASHFORD STE 130, SUGAR LAND, TX 77478
PRES./TREAS.10$86,777
ANN PARKS STALLINGS
12926 DAIRY ASHFORD STE 130, SUGAR LAND, TX 77478
VICE PRES.0.5$750
DEBRA MARFIN
12926 DAIRY ASHFORD STE 130, SUGAR LAND, TX 77478
VICE PRES.0.5$750
PATRICIA SOMERS
12926 DAIRY ASHFORD STE 130, SUGAR LAND, TX 77478
SECRETARY0.5$750

Address and contacts

Address (IRS master file)
12926 DAIRY ASHFORD RD STE 130, SUGAR LAND, TX 77478-3293
Signed the 990-PF
JAMES G MCCLELLAN, PRES./TREAS.
Phone
(281) 313-6464
Return prepared by
JAMES G MCCLELLAN CPA

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
76-0122692
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
1985
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$42,631,261
Income (IRS master file)
$17,000,780

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$3,708,053$2,607,471$42,631,261IRS
990-PFDecember 2024$3,413,773$2,436,136$41,530,679IRS
990-PFDecember 2023$1,380,637$1,898,643$40,553,042XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 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 76-0122692).

Questions about FRED AND MABEL R PARKS FOUNDATION

What is the EIN of FRED AND MABEL R PARKS FOUNDATION?
The employer identification number (EIN) of FRED AND MABEL R PARKS FOUNDATION is 76-0122692.
Is FRED AND MABEL R PARKS FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
Are donations to FRED AND MABEL R PARKS FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does FRED AND MABEL R PARKS FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of FRED AND MABEL R PARKS FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FRED AND MABEL R PARKS FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of FRED AND MABEL R PARKS FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 4 people; 4 received compensation from the organization, the highest $107,796 (JAMES G MCCLELLAN, PRES./TREAS.).
How much revenue does FRED AND MABEL R PARKS FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $3,708,053, expenses of $2,607,471 and total assets of $42,631,261 at year end.

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