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Nonprofiteer
← PARAQUAD 5240 INC

Form 990 for tax year 2024

Filed by PARAQUAD 5240 INC.

Totals

Total revenue
$988,674
Total expenses
$1,747,376
Contributions and grants received
$0
Grants paid
$720,000
Program service revenue
$934,604
Investment income
$0
Other revenue
$54,070
Total assets, end of year
$16,186,565
Total liabilities, end of year
$7,446,740
Net assets or fund balances, end of year
$8,739,825
Program services expenses (Part IX)
$1,506,458
Management and general expenses
$240,918
Fundraising expenses
$0
Program service expenses (Part III)
$1,506,458

Program services were 86.2% 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

  • KELLY STEWART

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • JOHN BUTLER

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • JERROLD EHRLICH

    CEO

    Total calculated
    $216,165
    From this org
    $0
    From related orgs
    $196,401
    Other
    $19,764
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,401 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,055 related
    Nontaxable benefits
    $0 + $14,709 related
    Filer's total
    $0 + $216,165 related

  • AIMEE WEHMEIER

    PRESIDENT

    Total calculated
    $162,741
    From this org
    $0
    From related orgs
    $144,281
    Other
    $18,460
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $144,281 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,766 related
    Nontaxable benefits
    $0 + $14,694 related
    Filer's total
    $0 + $162,741 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
2024
Filed
23 March 2026
IRS schema version
2024v5.5
Source object
202620929349301607

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