The Parallel Foundation Inc
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
+67.5% YoY
Avg Grant Size
$40K
+102.9% YoY
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
States
Cities
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
| 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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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