The Parallel Foundation Inc

TAMPA, FL EIN: 92-4009341 Website

The Parallel Foundation Inc. is a private grantmaking foundation based in Tampa, Florida. The foundation operates with a mission-driven approach to philanthropy, focusing on supporting community-led initiatives and nonprofit institutions working toward systemic change and social equity.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$5.1M

+66.4% YoY

Annual Giving

$2.7M

+239.9% YoY

Grant Count

+67.5% YoY

Avg Grant Size

$40K

+102.9% YoY

Under IRS private-foundation payout rules, The Parallel Foundation Inc reported a distributable amount of $126K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

Mission Statement: To share our resources and stand in solidarity with community leaders and non-profit institutions striving to lift up their societies and nourish their environment.

Primary Focus Areas:

The foundation concentrates the majority of its annual funding on nonprofit organizations working at the intersections of:

Child and Youth & Family Wellbeing
Equity, Inclusion & Justice
Health & Wellness
Education
Arts & Culture

The foundation also invests in nonprofits building toward a more inclusive American democracy and strengthening local and independent media.

Grantee Community Approach:

Beyond funding, the foundation actively builds bridges across its grantee community. The foundation hosts annual in-person gatherings for grantee partners in Florida to facilitate community building and mutual support. The foundation co-creates or builds momentum around partner events that center grantee missions and the communities they serve.

Grantmaking

Based on recent IRS filings, typical awards range from $26,000 to $268,000.

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Geographic Focus

Where this funder awards grants

The foundation's primary focus is Florida, with particular emphasis on the Tampa Bay Area. The foundation also funds organizations in other locations as needs emerge within its focus areas.

Grant Distribution by State

Florida $2.3M (78%)

New York $271K (9%)

District of Columbia $75K (3%)

Pennsylvania $63K (2%)

Virginia $58K (2%)

Nebraska $50K (2%)

Illinois $35K (1%)

North Carolina $35K (1%)

+8 more states

States

Alabama California District of Columbia Florida Georgia Illinois Massachusetts North Carolina Nebraska New York Pennsylvania South Carolina Texas Virginia Washington Wyoming

Cities

AlexandriaBainbridge IslandBrandonBrooklynBrooksvilleChicagoClearwaterDecaturFort WorthHaverhillHighlandsImmokaleeLand O LakesLortonLos AngelesMadiera BeachMiamiMontgomeryNew YorkOakland

Financial History

Multi-year comparison from IRS filings

Assets: $5,117,549 (as of most recent IRS filing)

Total Giving: $2,682,130 (based on 2024 IRS Form 990-PF filing)

Organization Type: Private Grantmaking Foundation (NTEE code T20)

IRS Filing Requirement: Form 990-PF

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023
Total Assets	$5,117,549	$3,074,742
Revenue	$5,087,782	$4,009,777
Expenses	$3,054,915	$935,095
Qualifying Distributions	$3,033,188	$789,000
Net Investment Income	$80,040	$9,777
Distributable Amount	$125,511	—

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

90 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Shirley Proctor Puller Foundation ($268,000), Tampa Museum of Art Foundation ($120,000), Planned Parenthood of Southwest and Central Fl ($118,000).

Recipient	Purpose	Amount
A21 USA INC FORT WORTH, TX	TO SUPPORT ANTI-TRAFFICKING EFFORTS VIA TAMPA WALK FOR FREEDOM	$150
BERKELEY PREPARATORY SCHOOL TAMPA, FL	TO SUPPORT EDUCATION AND EXTRACURRICULAR PROGRAMS	$33,000
BYRNE OCEAN CONSERVATION MADIERA BEACH, FL	TO SUPPORT ANTI-POLLUTION EFFORTS TO CLEAN UP THE BAY AND EDUCATE CHILDREN	$5,000
CHILDREN OF PROMISE NYC BROOKLYN, NY	TO SUPPORT AFTERSCHOOL AND SUMMER PROGRAMS FOR CHILDREN WITH INCARCERATED PARENTS	$7,500
COFFEE UNITING PEOPLE TAMPA, FL	TO SUPPORT INCLUSIVE WORKFORCE MODEL	$62,500
DR CARTER G WOODSON AFRICAN AMERICAN MUSEUM ST PETERSBURG, FL	TO SUPPORT PRESERVATION OF BLACK AMERICAN HISTORY	$105,500
ELYSE FOX CLUB INC BROOKLYN, NY	TO SUPPORT INTERVENTIONS FOCUSED ON BLACK FEMALE MENTALL WELLNESS	$55,000
EMERALD M THERAPEAUTIC RIDING CENTER BROOKSVILLE, FL	TO SUPPORT PROGRAM TO DELIVER TRAUMA RELIEF TO CHILDREN	$62,500
EQUALITY FLORIDA INSTITUTE ST PETERSBURG, FL	TO SUPPORT EFFORTS TO EDUCATE PEOPLE ON HOW TO CREATE SAFETY AT SCHOOL FOR ALL KIDS	$57,500
HISPANIC SERVICES COUNCIL INC TAMPA, FL	TO SUPPORT EFFORTS TO UPLIFT IMMIGRANT FAMILIES	$50,000

Leadership & Key People

Leadership team and compensation from IRS filings

Executive Director: Lisa Lamprecht

Board of Directors:

The foundation's board includes:

Justine Caputi (Tampa, FL)
Sheau-Lei E

The foundation notes that its strength lies in the decades of unique lived and professional experiences that board members bring, spanning a wide range of identities, lives, and careers.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
LISA M LAMPRECHT	EXECUTIVE DIR.	40	$221,545
MERRIN JENKINS	PRESIDENT	2	—
JUSTINE CAPUTI	SECRETARY	1	—
PAM WILLIAMS	TREASURER	1	—
SHEAU-LEI ELLISON	DIRECTOR	1	—
RUGIATU JALLOH	DIRECTOR	1	—

Contact Information

Address: 101 E Kennedy Blvd, Suite 3700, Tampa, FL 33602-5195

Website: theparallelfoundation.org

EIN: 92-4009341

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does The Parallel Foundation Inc fund?

**Mission Statement:** To share our resources and stand in solidarity with community leaders and non-profit institutions striving to lift up their societies and nourish their environment. **Primary Focus Areas:** The foundation concentrates the majority of its annual funding on nonprofit organizations working at the intersections of: • Child and Youth & Family Wellbeing • Equity, Inclusion & Justice • Health & Wellness • Education • Arts & Culture The foundation also invests in nonprofits build…

How do I apply for a grant from The Parallel Foundation Inc?

**Grant Amounts:** Based on recent IRS filings, typical awards range from $26,000 to $268,000. **Grantee Profile:** The foundation works alongside the following types of partners: • Grassroots organizations and nonprofit leaders driving systemic change • Community institutions providing essential services and advocacy • Initiatives uplifting underrepresented and historically marginalized communities • Organizations responding to immediate crises and long-term social challenges • Programs foster…

Where does The Parallel Foundation Inc make grants?

The foundation's primary focus is Florida, with particular emphasis on the Tampa Bay Area. The foundation also funds organizations in other locations as needs emerge within its focus areas.

What size grants does The Parallel Foundation Inc award?

In 2024, The Parallel Foundation Inc awarded 67 grants totaling $2.7M — an average of about $40K per grant, based on its IRS Form 990 filings.

How much is The Parallel Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Parallel Foundation Inc reported a distributable amount of $126K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.