Overview
What is Paraquad 5240 Inc?
Paraquad 5240 Inc, based in St. Louis, Missouri, is a nonprofit organization that primarily supports and promotes the charitable programs of Paraquad Inc, a different Missouri-based nonprofit corporation. Specifically, Paraquad 5240 Inc manages an office building, collecting rent from Paraquad Inc and other entities. The excess revenue generated is then transferred to Paraquad Inc to aid in their charitable activities. With a single employee, this organization contributes to charitable, educational, and social purposes, ultimately supporting and enhancing the overall mission of Paraquad Inc.
Is Paraquad 5240 Inc legitimate?
Paraquad 5240 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Paraquad 5240 Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $60,319
For more financial information, click here
What is the mission statement of Paraquad 5240 Inc?
Paraquad 5240 Inc's mission is centered around supporting and promoting the charitable programs of Paraquad Inc, a nonprofit organization based in Missouri. Their purpose is to serve charitable, educational, and social causes, specifically aimed at advancing the charitable activities of Paraquad Inc. The entity manages an office building for Paraquad Inc under lease agreements, with any surplus revenue being directed towards supporting the nonprofit's charitable endeavors.
Who is the CEO of Paraquad 5240 Inc?
Jerry Ehrlich is the Chair of Paraquad 5240 Inc. The CEO's salary of Paraquad 5240 Inc is $0 and their total compensation is $212,600.
What is the revenue of Paraquad 5240 Inc?
Paraquad 5240 Inc's revenue in 2022 was $747,998.
Who are the executives of Paraquad 5240 Inc and what are their salaries?
The average compensation at Paraquad 5240 Inc during 2022 was $60,319. There is 1 employee and 3 volunteers at Paraquad 5240 Inc.
Here are 5 key members and their salaries (Paraquad 5240 Inc's CEO's salary is $0 and their total compensation is $212,600):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $164,856
- Other: $16,238
- Compensation: $0
- Related: $198,269
- Other: $14,331
Where can I find the form 990 for Paraquad 5240 Inc?
Paraquad 5240 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Paraquad 5240 Inc
Paraquad 5240 Inc's mission is centered around supporting and promoting the charitable programs of Paraquad Inc, a Missouri-based nonprofit corporation. This support is carried out with a focus on charitable, educational, and social purposes. In essence, Paraquad 5240 Inc functions as a facilitator, providing resources and backing to the charitable initiatives of Paraquad Inc. The revenue generated by Paraquad 5240 Inc, after covering expenses and setting aside reasonable reserves, is then transferred to Paraquad Inc to aid in the execution of their charitable activities. By doing so, Paraquad 5240 Inc plays a crucial role in amplifying the impact and reach of Paraquad Inc's charitable programs.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Paraquad 5240 Inc plays a pivotal role in enhancing the charitable and social initiatives of Paraquad Inc through its strategic management of resources. By owning and managing the office building that houses Paraquad Inc, it creates a steady revenue stream via lease agreements with Paraquad Inc and other tenants. This financial input is crucial, as it allows Paraquad 5240 Inc to not only cover operational expenses but also to generate excess revenue that is reinvested into Paraquad Inc's charitable activities.
The impact of Paraquad 5240 Inc is evident in its commitment to fostering educational and social programs that elevate the well-being of individuals and communities. By providing financial support, it enables Paraquad Inc to pursue its mission effectively, ensuring that it can continue to deliver essential services and programs that promote public safety and enhance quality of life in St. Louis and beyond. This synergistic relationship between the two entities reinforces their shared vision of creating a positive social impact and supporting those in need.
This information is meant to be a general summary of Paraquad 5240 Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $863,387
- Gross Receipts: $1,542,111
Assets and Liabilities:
- Total Assets: $19,121,784
- Total Liabilities: $23,711,050
- Net Assets: -$4,589,266
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME - PARAQUAD INC
Revenue
$863,387
Organization Details
Founding Year
2009
Phone
(314) 289-4200Principal Officer
Jerry Ehrlich
Main Address
5240 OAKLAND AVENUE, ST LOUIS, MO, 63110
NTEE Category
Code: M112 - Public safety
If you are a representative of Paraquad 5240 Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.