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The Parachute Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 841767763 ✦ Minnetonka, MN ✦ Designated as a 501(c)(3)

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Overview

What is The Parachute Foundation?

The Parachute Foundation is a nonprofit organization dedicated to assisting families during their early recovery journey. This is accomplished by funding emerging recovery organizations, thereby aiding individuals and offering extensive support to their families during the healing and recovery process. By providing resources and comprehensive care, The Parachute Foundation aims to make the recovery journey more manageable and less daunting for all involved.


Official website here: www.parachutefoundation.org

Is The Parachute Foundation legitimate?

The Parachute Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Parachute Foundation 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: $20,827
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.parachutefoundation.org

What is the mission statement of The Parachute Foundation?

The Parachute Foundation's mission is to aid in the early recovery process for individuals and their families. They achieve this by providing funding to early-stage recovery organizations. These organizations offer comprehensive support to the individual, helping them heal, and providing essential assistance to the family during this period. The foundation's goal is to ensure a holistic approach to recovery, supporting both the individual and their family during their journey towards healing.


Official website here: www.parachutefoundation.org

Who is the CEO of The Parachute Foundation?

Paul Giel is the President of The Parachute Foundation.


Official website here: www.parachutefoundation.org

What is the revenue of The Parachute Foundation?

The Parachute Foundation's revenue in 2022 was $277,936.


Official website here: www.parachutefoundation.org

Who are the executives of The Parachute Foundation and what are their salaries?

There 30 volunteers at The Parachute Foundation.


Here are 3 key members and their salaries:


Paul Giel (President)
  • Compensation: $20,827
  • Related: $0
  • Other: $0
Rick Deslauriers (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph W Hutton (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.parachutefoundation.org

Where can I find the form 990 for The Parachute Foundation?

The Parachute Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.parachutefoundation.org

Learn more at the official website: www.parachutefoundation.org

Mission Statement of The Parachute Foundation

The Parachute Foundation, as a nonprofit organization, is dedicated to supporting families during their early recovery process. Its mission is to provide financial aid to emerging recovery organizations, enabling them to assist individuals in their personal healing journey and offer comprehensive family support throughout the recovery process. By funding these early-stage organizations, The Parachute Foundation plays a crucial role in fostering a holistic approach to recovery, ensuring that not only the individual but also their family members receive the necessary support during this challenging time.

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Impact




October, 2024

The Parachute Foundation significantly impacts families navigating early recovery by providing essential funding to early-stage recovery organizations. This support enables these organizations to deliver comprehensive assistance to individuals and their families during a critical time in the healing process. By focusing on both the individual’s journey and the family unit, the foundation ensures that families have access to the resources and support they need, fostering healthier recovery experiences and encouraging sustainable healing. Operating out of Minnetonka, MN, The Parachute Foundation plays a vital role in strengthening community health and resilience during one of life’s most challenging transitions.




This information is meant to be a general summary of The Parachute Foundation. 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.

Revenue
$277,936 (2022)
Expenses
$277,507 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $250
  • Gross Receipts: $277,936

Assets and Liabilities:

  • Total Assets: $55,235
  • Total Liabilities: $1,147
  • Net Assets: $54,088

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Organization Details

Founding Year

2019

Principal Officer

Paul Giel

Main Address

6110 BLUE CIRCLE DR STE 280, MINNETONKA, MN, 553439123

NTEE Category

Code: E12 - Health

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