Parker Foundation Inc
Only 0% goes to programs Strong reserves Declining revenue
Parker Foundation Inc is a 501(c)(3) organization based in Piscataway, New Jersey, registered in 2017, with $80,020,732 in FY2023 revenue. CharityIndex grades it C, and it directs about 0% of spending to programs.
1421 River Rd, Piscataway, NJ, 08854 EIN 36-4858938 Since 2017
Revenue (FY2023)
$80.0M
▲ 52.1% vs prior year
Health median: $840K
Expenses (FY2023)
$4.3M
Net assets
$1.8B
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →FProgram efficiency40% of the rating0% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Parker Foundation Inc: 0% to programs earns a F on this criterion. See the exact thresholds →
B+Financial health25% of the rating4875 mo reserves · +95% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Parker Foundation Inc: 4875 mo reserves · +95% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Parker Foundation Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Parker Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
The purpose of the corporation shall be to provide and promote a care continuum for the aging.
Contact & location
- Address
- 1421 River Rd, Piscataway, NJ, 08854
- City
- Piscataway
- State
- New Jersey
- Category
- Health Care
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $0 (FY2015) to $80.0M (FY2023) across 9 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $1.6MNet assets $1.8B
Operating margin
94.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.8B
Total liabilities
$1.6M
Net assets
$1.8B
Salaries & benefits
$0
0% of expenses
Board members
17
16 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $80,020,732▲52.1% | $4,349,499▼2.7% | $1,767,146,026▲4.7% | $1,768,704,248▲4.7% | 990 |
| 2022 | $52,625,120▼83.0% | $4,472,188▼16.4% | $1,687,759,654▼11.7% | $1,688,786,679▼11.7% | 990 |
| 2021 | $309,979,460▲121% | $5,348,903▲5.7% | $1,912,064,282▲8.5% | $1,912,526,357▲8.5% | 990 |
| 2020 | $140,389,879▲110% | $5,058,790▼9.2% | $1,762,402,951▲9.0% | $1,763,460,599▲9.0% | 990 |
| 2019 | $66,751,567▼0.7% | $5,573,048▲78.5% | $1,616,895,108▲17.8% | $1,618,048,938▲17.8% | 990 |
| 2018 | $67,240,884 | $3,121,832 | $1,372,943,649 | $1,373,942,622 | 990 |
| 2017 | $0 | $0 | $0 | $0 | 990EZ |
| 2016 | $0 | $0 | $0 | $0 | 990EZ |
| 2015 | $0 | $0 | $0 | $0 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Alfred F Tallia Md Mph | Trustee | 0 | — |
| Clifford E Holland | Trustee | 0 | — |
| Denise Boudreau | Trustee | 0 | — |
| Diane Hill Phd | Trustee | 0 | — |
| Edward Matthews | Cfo | 0 | — |
| James Ferrare | Trustee (until) | 0 | — |
| John A Papa | Treasurer | 0 | — |
| Joseph Doyle | Trustee | 0 | — |
| Joseph Ferro Md | Trustee | 0 | — |
| Joseph G Braunreuther Esq | Secretary | 0 | — |
| Joseph Velderman | Trustee | 0 | — |
| Larry Jones | Trustee (until) | 0 | — |
| Linda Schwimmer Jd | Vice-chair | 0 | — |
| Majd Alwan Phd | Trustee | 0 | — |
| Marguerite K Schlag Edd Rn | Chair | 0 | — |
| Penelope Lattimer Phd | Trustee | 0 | — |
| Roberto Muniz Mpa Flnha | President/ceo | 0 | — |
| Scott E Townsley Esq | Vice-chair (until) | 0 | — |
| Stephen Landers Md | Trustee | 0 | — |
| William P Tibbitt | Trustee | 0 | — |
Top vendors & contractors (FY2019)
| Contractor | Services | Paid |
|---|---|---|
| State Street Bank and Trust Company | Financial Management Services | $381,191 |
| Blackrock Financial Management Inc | Financial Management Services | $320,928 |
Grants made · $2.9M in FY2021
2 grants totaling $2.9M in FY2021. All grants made by Parker Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Visiting Nurse Association Health Group Inc | Provide and promote a care continuum for the aging via skilled nursing, memory care, assisted living, adult day care, rehabilitation, healthy aging and intergenerational and other programs together with conducting and assisting related education and research. | $2,500,000 |
| City of New Brunswick | Provide support for the dial a ride program and senior citizen resource center for the virtual vitality program | $380,542 |
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Frequently asked questions
- Is Parker Foundation Inc a legitimate nonprofit?
- Yes. Parker Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-4858938, based in Piscataway, New Jersey. Donations are tax-deductible.
- What is Parker Foundation Inc's EIN?
- Parker Foundation Inc's Employer Identification Number (EIN) is 36-4858938.
- How much revenue does Parker Foundation Inc report?
- Parker Foundation Inc reported $80,020,732 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Parker Foundation Inc's spending goes to programs?
- Parker Foundation Inc spends about 0% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Parker Foundation Inc have?
- CharityIndex grades Parker Foundation Inc C, based on program efficiency and fundraising cost.
- How much does Parker Foundation Inc's highest-paid employee make?
- The highest reported compensation on Parker Foundation Inc's latest Form 990 is $0, paid to Alfred F Tallia Md Mph (Trustee).
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Data for Parker Foundation Inc (EIN 36-4858938) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.