Parasol Cooperative Foundation

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

EIN: 851859235 ✦ Hillsborough, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Parasol Cooperative Foundation?

Parasol Cooperative Foundation is a nonprofit organization that specializes in developing software and fostering communities for various NGOs. One of their significant projects involves establishing a tech cooperative focused on domestic violence, along with a companion phone application. The foundation's mission is to provide innovative digital solutions and collaborative environments to support the crucial work of these organizations.

Is Parasol Cooperative Foundation legitimate?

Parasol Cooperative Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Parasol Cooperative Foundation submitted a form 990EZ, 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: $0

For more financial information, click here

What is the mission statement of Parasol Cooperative Foundation?

The Parasol Cooperative Foundation is dedicated to constructing software solutions and establishing supportive communities for non-governmental organizations (NGOs). One of its initiatives involves creating a technological cooperative focused on domestic violence, alongside developing a companion mobile application. The foundation's overall mission is to contribute to the betterment of these organizations and the issues they address.

Who is the CEO of Parasol Cooperative Foundation?

Meghana Shah is the CEO of Parasol Cooperative Foundation The CEO's salary of Parasol Cooperative Foundation is $0 and their total compensation is $0.

What is the revenue of Parasol Cooperative Foundation?

Parasol Cooperative Foundation's revenue in 2023 was $32,020.

Who are the executives of Parasol Cooperative Foundation and what are their salaries?

Here are 6 key members and their salaries (Parasol Cooperative Foundation's CEO's salary is $0 and their total compensation is $0):


Meghana Shah (Director/ Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lise-Marie Giovinetti (Director/ Coo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Taruna Mital (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Derek Benz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bennett Morrison (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maria Butler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Parasol Cooperative Foundation?

Parasol Cooperative Foundation's most recent form 990EZ was submitted in 2023 and can be accessed here.

Mission Statement of Parasol Cooperative Foundation

Parasol Cooperative Foundation, as a nonprofit organization, focuses on developing software and fostering communities for NGOs, with a significant emphasis on establishing a technology cooperative for domestic violence support. The organization's mission is to construct innovative digital solutions and collaborative networks for various non-governmental organizations, particularly in addressing the complex issues surrounding domestic violence. To achieve this, Parasol Cooperative Foundation has initiated a domestic violence tech cooperative and a companion phone application, aiming to enhance communication, support, and resources for individuals and organizations working to combat domestic violence.

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Impact




August, 2024

Parasol Cooperative Foundation has a significant impact on supporting NGOs through the development of software and communities. By creating a domestic violence tech cooperative and companion phone app, the foundation effectively assists organizations in their efforts to address such critical social issues. This impactful work contributes to the overall improvement of human services, resulting in a tangible and positive difference in the lives of individuals and communities.




This information is meant to be a general summary of Parasol Cooperative 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
$32,020 (2023)
Expenses
$282,021 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Gross Receipts: $32,020

Assets and Liabilities:

  • Total Assets: $67,066
  • Total Liabilities: $0
  • Net Assets: $67,066

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Organization Details

Principal Officer

Taruna Mital

NTEE Category

Code: P43 - Human services

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