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Nonprofiteer
← PARAQUAD 5240 INC

Form 990 for tax year 2023

Filed by PARAQUAD 5240 INC.

Totals

Total revenue
$873,960
Total expenses
$1,690,672
Contributions and grants received
$0
Grants paid
$720,000
Program service revenue
$918,526
Investment income
$0
Other revenue
-$44,566
Total assets, end of year
$17,523,219
Total liabilities, end of year
$8,024,692
Net assets or fund balances, end of year
$9,498,527
Program services expenses (Part IX)
$1,448,004
Management and general expenses
$242,668
Fundraising expenses
$0
Program service expenses (Part III)
$1,448,004

Program services were 85.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ERIC WILLIS

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • JOHN BUTLER

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • ELTON THOMAS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • AIMEE WEHMEIER

    PRESIDENT

    Total calculated
    $176,181
    From this org
    $0
    From related orgs
    $156,824
    Other
    $19,357
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,824 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,921 related
    Nontaxable benefits
    $0 + $15,436 related
    Filer's total
    $0 + $176,181 related

  • JERROLD EHRLICH

    CEO

    Total calculated
    $211,982
    From this org
    $0
    From related orgs
    $191,760
    Other
    $20,222
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,760 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,794 related
    Nontaxable benefits
    $0 + $15,428 related
    Filer's total
    $0 + $211,982 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202521349349302052

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