Overview
What is Parker Foundation Inc?
Parker Foundation Inc, based in Piscataway, New Jersey, serves as a holding and administrative body for significant unrestricted investment funds. Its primary objective is to support the charitable missions of Parker Health Group and its affiliated entities. The foundation's scope includes providing and promoting a care continuum for the aging population through various services. These offerings range from skilled nursing and memory care to assisted living, adult day care, rehabilitation, healthy aging, and intergenerational programs. Additionally, the organization contributes to education and research in these areas, collaborating with the Francis E. Parker Memorial Home, Parker Home and Community Based Services, the Francis E. Parker Assisted Living Center, Parker at Monroe, Parker at East Windsor, Parker at Somerset, Parker Rehabilitation Services, and other potential affiliates.
Official website here: www.parkerlife.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
Parker Foundation Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial management and transparency. While the organization boasts a high level of independent board members and has strong governance policies in place, its overall financial score is low, particularly in areas such as program expense ratio and liabilities to assets ratio, which raises red flags about the effectiveness of its fund allocation.
The foundation's commitment to accountability is evident through its comprehensive governance practices, including a conflict of interest policy and a whistleblower policy. However, the absence of its tax form on the nonprofit's website and a low program expense ratio suggest that a considerable portion of its resources may not be directed towards its stated mission, limiting its impact in the community.
Overall, while Parker Foundation Inc has strengths in board independence and governance policies, the financial indicators point to potential inefficiencies and lack of transparency, which could hinder its ability to effectively serve its beneficiaries.
This AI summary has been generated from information found on Charity Navigator.
Is Parker Foundation Inc legitimate?
Parker Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Parker Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.parkerlife.org
What is the mission statement of Parker Foundation Inc?
The Parker Foundation Inc is dedicated to providing and promoting a comprehensive care continuum for the aging population. This mission is carried out through various programs and services, including skilled nursing, memory care, assisted living, adult day care, rehabilitation, healthy aging, and intergenerational and other initiatives. In addition to directly operating facilities, the foundation supports and collaborates with affiliated organizations to expand its reach and impact. The organization's efforts extend to education and research, enhancing its charitable, educational, and scientific objectives.
Official website here: www.parkerlife.org
Who is the CEO of Parker Foundation Inc?
Roberto Muniz is the Principal Officer of Parker Foundation Inc. The CEO's salary of Parker Foundation Inc is $0 and their total compensation is $609,244.
Official website here: www.parkerlife.org
What is the revenue of Parker Foundation Inc?
Parker Foundation Inc's revenue in 2022 was $52,625,120.
Official website here: www.parkerlife.org
Who are the executives of Parker Foundation Inc and what are their salaries?
Here are 17 key members and their salaries (Parker Foundation Inc's CEO's salary is $0 and their total compensation is $609,244):
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- Related: $554,286
- Other: $54,958
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- Related: $282,523
- Other: $29,158
Official website here: www.parkerlife.org
Where can I find the form 990 for Parker Foundation Inc?
Parker Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.parkerlife.org
Learn more at the official website: www.parkerlife.org
Mission Statement of Parker Foundation Inc
Parker Foundation Inc, a non-profit organization, is dedicated to providing and promoting a continuum of care for the aging community. This mission encompasses a range of services including skilled nursing, memory care, assisted living, adult day care, rehabilitation, healthy aging, and intergenerational and other programs. By coordinating and supporting the functions of related charitable, educational, and scientific entities such as Francis E. Parker Memorial Home, Parker Home and Community Based Services, the Francis E. ParkerAssisted Living Center, Parker at Monroe, Parker at East Windsor, Parker at Somerset, Parker Rehabilitation Services, and other affiliates, Parker Foundation aims to ensure comprehensive care for the elderly population. The organization also conducts and assists in research and education to further enhance the quality of care and services offered.
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Impact
October, 2024
Parker Foundation Inc significantly impacts the quality of care for the aging population by providing and promoting a comprehensive care continuum. This encompasses skilled nursing, memory care, assisted living, adult day care, and rehabilitation services, ensuring that older adults receive the support they need at every stage of aging.
By managing substantial unrestricted investment funds, the Foundation supports the charitable missions of Parker Health Group and its affiliated entities. This financial backing enables the development and enhancement of innovative programs aimed at healthy aging and intergenerational engagement, which enrich the lives of seniors and the community at large.
Moreover, Parker Foundation Inc plays a pivotal role in conducting and assisting research and education related to elder care, fostering a commitment to continuous improvement in standards of care. Through collaborations with various associated organizations, including the Francis E. Parker Memorial Home and Parker Rehabilitation Services, the Foundation contributes to a holistic approach to aging, enhancing not only the health and well-being of individuals but also the overall dynamics of community support systems for elderly care.
This information is meant to be a general summary of Parker Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $52,625,120
- Gross Receipts: $1,123,934,731
Assets and Liabilities:
- Total Assets: $1,688,786,679
- Total Liabilities: $1,027,025
- Net Assets: $1,687,759,654
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Organization Details
Founding Year
2015
Phone
(732) 418-8614Principal Officer
Roberto Muniz
Main Address
1421 RIVER ROAD, PISCATAWAY, NJ, 08854
Website
www.parkerlife.orgNTEE Category
Code: E11 - Health
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