James F Parker and Patricia L Parker
EIN 475241227About
We respectfully request that James F. Parker and Patricia L. Parker Family Foundation's quarterly estimated taxes for taxable year ending December 31, 2024 be treated as timely and request that the $10 penalty indicated on Form 2220 be abated because the underpayment in Q4 was due to reasonable cause. Treasury Regulations Sec 301.6651-1(c)(1) defines reasonable by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to calculate its quarterly estimates for tax period ending December 31, 2024. The firm's software correctly determined that the foundation could pay its Q4 estimate based on prior year tax liability. However, since that liability was under $500, the software incorrectly indicated that no quarterly payment was due. As soon as the error was discovered, the foundation paid the required tax. We believe that the underpayment was due to reasonable cause and in no way due to an intentional disregard for the rules and respectfully request that no 2220 penalty be assessed.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2016 | $13K | $385K | $111K | 2 |
| 2017 | $11K | $573K | $110K | 17 |
| 2018 | $9K | $430K | $21K | 13 |
| 2020 | $8K | $487K | $34K | 6 |
| 2021 | $6K | $516K | $23K | 7 |
| 2022 | $19K | $402K | $17K | 15 |
| 2023 | $15K | $443K | $3K | 21 |
| 2024 | $15K | $500K | $-17K | 16 |
Grant Size Distribution
Based on 97 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (97 total)
| Purpose | ||||
|---|---|---|---|---|
| Texas A&M Foundation | College Station, TX | $10,000 | Holt Veterinary Scholarship Fund | 2016 |
| Eanes Education Foundation | W Lake Hills, TX | $5,000 | General & Unrestricted | 2020 |
| Catholic Charities of the Rio Grande Valley | San Juan, TX | $5,000 | General & Unrestricted | 2022 |
| Eanes Education Foundation | W Lake Hills, TX | $3,650 | General & Unrestricted | 2018 |
| Eanes Education Foundation | W Lake Hills, TX | $3,500 | General & Unrestricted | 2021 |
| Eanes Education Foundation | W Lake Hills, TX | $3,500 | General & Unrestricted | 2022 |
| Eanes Education Foundation | W Lake Hills, TX | $3,500 | General & Unrestricted | 2023 |
| Eanes Education Foundation | W Lake Hills, TX | $3,500 | General & Unrestricted | 2024 |
| Eanes Education Foundation | W Lake Hills, TX | $3,000 | General & Unrestricted | 2017 |
| Eanes Education Foundation | W Lake Hills, TX | $2,610 | General & Unrestricted | 2016 |
| Christ the King Catholic Parish | Dallas, TX | $2,500 | Charitable Event | 2024 |
| Catholic Charities of the Rio Grande Valley | San Juan, TX | $1,000 | General & Unrestricted | 2018 |
| Oficina Legal Del Pueblo Unido Inc | Austin, TX | $1,000 | General & Unrestricted | 2018 |
| Catholic Charities of the Rio Grande Valley | San Juan, TX | $1,000 | General & Unrestricted | 2020 |
| Aclu Foundation of Texas Inc | Houston, TX | $1,000 | General & Unrestricted | 2022 |
| Dallas Childrens Advocacy Center | Dallas, TX | $1,000 | General & Unrestricted | 2022 |
| North Texas Food Bank | Plano, TX | $1,000 | General & Unrestricted | 2022 |
| North Texas Public Broadcasting Inc | Dallas, TX | $1,000 | General & Unrestricted | 2022 |
| Planned Parenthood of Greater Texas | Dallas, TX | $1,000 | General & Unrestricted | 2022 |
| Visiting Nurse Association of Texas | Dallas, TX | $1,000 | General & Unrestricted | 2022 |
| Vogel Alcove | Dallas, TX | $1,000 | General & Unrestricted | 2022 |
| Catholic Charities of the Rio Grande Valley | San Juan, TX | $1,000 | General & Unrestricted | 2023 |
| World Wildlife Fund Inc | Washington, DC | $1,000 | General & Unrestricted | 2023 |
| Catholic Charities of the Rio Grande Valley | San Juan, TX | $1,000 | General & Unrestricted | 2024 |
| Center for Child Protection | Austin, TX | $1,000 | General & Unrestricted | 2024 |