Fred and Mabel R Parks Foundation
The Fred and Mabel R Parks Foundation is a private foundation based in Sugar Land, Texas. Established in 1984, it operates as an independent 501(c)(3) organization with a focus on supporting nonprofit organizations that advance excellence in education, health, and human services within its community.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$41.5M
+2.4% YoY
Annual Giving
$2.0M
+32.8% YoY
Grant Count
144
+26.3% YoY
Avg Grant Size
$14K
+5.1% YoY
Under IRS private-foundation payout rules, Fred and Mabel R Parks Foundation reported a distributable amount of $2.4M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports nonprofit organizations in their efforts to promote excellence in education, health, and human services by impacting programs within the community. Through grants to qualified organizations, the foundation supports medical research, improves the quality of education, and backs critical volunteer and advocacy groups serving those in need.
Primary funding areas include:
- Education
- Health
- Human Services
- Philanthropy, Voluntarism & Grantmaking
Grantmaking
The foundation distributed approximately $880,500 across 72 additional grants in 2023.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Texas, Pennsylvania, and Oregon.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total Assets: $40,553,042
- Total Revenues: $1,380,637
- Total Expenses: $1,898,643
- Investment Income and Dividends: $1,062,194
- Net Gain from Sale of Non-Inventory Assets: $318,443
- Number of Employees: 0
Financial Position: The foundation ranks in the top 1% of nonprofits nationally by assets (21,385 out of 2,656,690 organizations) and in the top 1% within Texas (1,324 out of 202,022 organizations). Within Fort Bend County, it ranks 8th among 5,572 nonprofits by assets.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $41,530,679 | $40,553,042 | $41,071,048 |
| Revenue | $3,413,773 | $1,380,637 | $2,753,299 |
| Expenses | $2,436,136 | $1,898,643 | $2,340,645 |
| Qualifying Distributions | $2,085,219 | $1,565,804 | $1,974,093 |
| Net Investment Income | $3,086,360 | $1,078,835 | $2,431,004 |
| Distributable Amount | $2,360,905 | $2,175,850 | $2,186,662 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lsu Foundation ($50,000), Curepsp Inc ($50,000), Texas Childrens Hospital ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BLUE CURE FOUNDATION HOUSTON, TX | PROGRAM SUPPORT | $5,000 |
| THE PARKS YOUTH RANCH SUGAR LAND, TX | PROGRAM SUPPORT | $10,000 |
| THE MISSION OF YAHWEH HOUSTON, TX | PROGRAM SUPPORT | $15,000 |
| SAN JOSE CLINIC HOUSTON, TX | PROGRAM SUPPORT | $10,000 |
| LSU FOUNDATION BATON ROUGE, LA | EXCEPTIONAL EDUCATOR RESOURCE FUND | $50,000 |
| HGI COUNSELING CENTER HOUSTON, TX | PROGRAM SUPPORT | $10,000 |
| VITA LIVING HOUSTON, TX | PROGRAM SUPPORT | $10,000 |
| CUREPSP INC NEW YORK, NY | CENTERS OF CARE | $10,000 |
| KIPP TEXAS - HOUSTON HOUSTON, TX | PROGRAM SUPPORT | $10,000 |
| AMERICAN RED CROSS HOUSTON, TX | HOME FIRE RELIEF PROGRAM | $20,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- James G McClellan - Principal Officer
- Ann Parks Stallings - Trustee
- Debra Marfin - Trustee
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES G MCCLELLAN | PRES./TREAS. | 10 | $105,806 |
| ANN PARKS STALLINGS | VICE PRES. | 0.5 | $750 |
| DEBRA MARFIN | VICE PRES. | 0.5 | $750 |
| PATRICIA SOMERS | SECRETARY | 0.5 | $750 |
Contact Information
Address: 12926 Dairy Ashford Rd Ste 130 Sugar Land, TX 77478-3293
Telephone: 281-313-6464
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Fred and Mabel R Parks Foundation fund?
The foundation supports nonprofit organizations in their efforts to promote excellence in education, health, and human services by impacting programs within the community. Through grants to qualified organizations, the foundation supports medical research, improves the quality of education, and backs critical volunteer and advocacy groups serving those in need. Primary funding areas include: • Education • Health • Human Services • Philanthropy, Voluntarism & Grantmaking
How do I apply for a grant from Fred and Mabel R Parks Foundation?
**Grant Activity:** • Made 107 grants in 2023 • Total giving in 2023: $1,523,500 • Typical award range: $2,000–$125,000 **Recent Grant Examples (2023):** • Parks Youth Ranch: $50,000 (Program Support) • CurePSP: $50,000 (PSP Research Program) • Memorial Hermann Foundation: $40,000 (Hospice Program) The foundation distributed approximately $880,500 across 72 additional grants in 2023.
Where does Fred and Mabel R Parks Foundation make grants?
The foundation primarily funds organizations in Texas, Pennsylvania, and Oregon.
What size grants does Fred and Mabel R Parks Foundation award?
In 2024, Fred and Mabel R Parks Foundation awarded 144 grants totaling $2.0M — an average of about $14K per grant, based on its IRS Form 990 filings.
How much is Fred and Mabel R Parks Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Fred and Mabel R Parks Foundation reported a distributable amount of $2.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Fred and Mabel R Parks Foundation's EIN?
Fred and Mabel R Parks Foundation's EIN (Employer Identification Number) is 76-0122692. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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