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
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.
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
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
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.
What is The Parallel Foundation Inc's EIN?
The Parallel Foundation Inc's EIN (Employer Identification Number) is 92-4009341. IRS Form 990 filing data is available on this page for 2023–2024.
Explore Open Grants
Browse active grant opportunities in The Parallel Foundation Inc's focus areas in our free grants database
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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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