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← PARACHUTE FOUNDATION

Form 990 for tax year 2024

Filed by PARACHUTE FOUNDATION.

Totals

Total revenue
$207,853
Total expenses
$230,326
Contributions and grants received
$195,500
Grants paid
$23,200
Program service revenue
$0
Investment income
$488
Other revenue
$11,865
Total assets, end of year
$19,397
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$19,397
Program services expenses (Part IX)
$23,200
Management and general expenses
$207,126
Fundraising expenses
$0
Program service expenses (Part III)
$23,200

Program services were 10.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $195,500

  • 3 · Investment income

    total $488 · excluded $488

  • 8a · Fundraising events: gross income

    $42,799

  • 8a · Fundraising events: contributions included on line 1c

    $195,500

  • 8b · Fundraising events: direct expenses

    $30,934

  • 8c · Net income from fundraising events

    total $11,865 · excluded $11,865

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $23,200 · program services $23,200

  • 7 · Other salaries and wages

    total $57,350 · management and general $57,350

  • 12 · Advertising and promotion

    total $68,975 · management and general $68,975

  • 13 · Office expenses

    total $1,418 · management and general $1,418

  • 14 · Information technology

    total $12,538 · management and general $12,538

  • 16 · Occupancy

    total $44,797 · management and general $44,797

  • 17 · Travel

    total $4,859 · management and general $4,859

  • 22 · Depreciation, depletion and amortization

    total $9,062 · management and general $9,062

  • 24a · Other expenses: AUTO

    total $8,025 · management and general $8,025

  • 24b · Other expenses: LICENSE & PERMITS

    total $76 · management and general $76

  • 24c · Other expenses: SQUARE STRIPE & BANK FEES

    total $26 · management and general $26

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,060 · end of year -$3,351

  • 10a · Land, buildings and equipment: cost or other basis

    $46,761

  • 10b · Land, buildings and equipment: accumulated depreciation

    $24,013

  • 10c · Land, buildings and equipment, net

    beginning of year $31,810 · end of year $22,748

  • 27 · Net assets without donor restrictions

    beginning of year $41,870 · end of year $19,397

Mission and programs · 2024

Mission

SUPPORT FAMILIES DURING EARLY RECOVERY

  • FUND EARLY STAGE RECOVERY ORGANIZATIONS TO AID THE INDIVIDUAL AND PROVIDE COMPREHENSIVE FAMILY SUPPORT DURING THE HEALING AND RECOVERY PROCESS

    Expenses $23,200

As filed on the 2024 return.

Listed in Part VII

  • PAUL GIEL Jr

    PRESIDENT

    Total calculated
    $34,850
    From this org
    $34,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Joseph W Hutton

    SECRETARY

    Total calculated
    $15,500
    From this org
    $15,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Rick Deslauriers

    TREASURER

    Total calculated
    $0
    Hours/week
    5

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
28 October 2025
IRS schema version
2024v5.2
Source object
202543019349302509

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