Highlights
- The Bob and Renee Parsons Foundation reported TY2023 revenue of $26,631,636 and expenses of $26,688,513, per IRS Form 990 data.
- Assets fell to $22,823,730 in TY2023, down from $26,280,577 the prior year and $27,172,121 in TY2021.
- Officer compensation was reported at $0 across all three tax years on file, consistent with a pass-through grant-making structure.
- The foundation describes itself as the philanthropic arm of Bob Parsons' YAM Worldwide enterprises, which include PXG and Scottsdale National Golf Club.
The Bob and Renee Parsons Foundation reported $26,631,636 in revenue and $26,688,513 in expenses for tax year 2023, according to IRS Form 990 data published by ProPublica Nonprofit Explorer. The Scottsdale foundation ran a marginal deficit of roughly $56,877 for the year.
Assets continued a three-year slide, falling to $22,823,730 in TY2023 from $26,280,577 in TY2022 and $27,172,121 in TY2021. Officer compensation was reported at $0 for all three years on file, a figure consistent with foundations that funnel contributions directly to grantees rather than maintaining a paid executive layer.
Revenue has held relatively steady across the three-year window: $27,822,513 in TY2021, $25,684,889 in TY2022, and $26,631,636 in TY2023, a range of roughly $2.1 million top to bottom. No single year shows the greater-than-25% swing that typically flags a structural change in giving or investment income.
The foundation describes itself as the philanthropic center for all of Parsons' enterprises under the YAM Worldwide brand, including PXG (Parsons Xtreme Golf) and Scottsdale National Golf Club. The full TY2023 Form 990 is available through the ProPublica detail page.
Sources
Every factual claim in this article traces to one of the sources below. See how we work for the editorial process.
- ProPublica Nonprofit Explorer retrieved 31/05/2026 15:06
- tbrpf.org retrieved 31/05/2026 15:06
Authored by The Scottsdale Signal. Drafted by AI from primary-source material under our beat-specific editorial guides; reviewed by humans before publish under our five-gate process. Sources retrieved at 31/05/2026 15:06. Every claim traces to a source.
