Civic Intelligence

Paragon Foundation of Palm Beach County

990 • Fiscal year 2013 • EIN 20-8610932

Jan 01, 2013 to Dec 31, 2013 • Filed on Apr 02, 2014

Organization Profilewww.paragonpbc.org

View Organization Page

2101 Vista Parkway Suite 13333411

(561) 228-6146

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.69x

Higher debt load relative to assets than 84% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

98th percentile

12.34x

Higher debt load relative to revenue than 98% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

1st percentile

-685%

Higher net margin than 1% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

91st percentile

43%

Faster asset growth than 91% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$1,172,974

Up $349,844 (+43%) from 2012

Net Assets

Down

$360,883

Down $452,732 (-56%) from 2012

Liabilities

Up

$812,091

Up $802,576 (+8435%) from 2012

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin1st percentile

Revenue

$65,785

No earlier filing loaded for comparison.

Expenses

Down

$516,326

Down $758,944 (-60%) from 2012

Net Income

-$450,541

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $2,389,189Liabilities 2010: $6,871Net Assets 2010: $2,382,3182010Assets 2011: $1,740,872Liabilities 2011: $11,339Net Assets 2011: $1,729,5332011Assets 2012: $823,130Liabilities 2012: $9,515Net Assets 2012: $813,6152012Assets 2013: $1,172,974Liabilities 2013: $812,091Net Assets 2013: $360,8832013Assets 2014: $910,379Liabilities 2014: $802,589Net Assets 2014: $107,7902014Assets 2015: $1,116,128Liabilities 2015: $1,063,383Net Assets 2015: $52,7452015Assets 2016: $1,012,236Liabilities 2016: $980,435Net Assets 2016: $31,8012016

Highlighted filing

2013

Assets$1,172,974
Liabilities$812,091
Net Assets$360,883
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,479,3202010Expenses 2011: $716,8452011Expenses 2012: $1,275,2702012Revenue 2013: $65,785Expenses 2013: $516,326Net Income 2013: -$450,5412013Revenue 2014: $195,997Expenses 2014: $449,090Net Income 2014: -$253,0932014Revenue 2015: $343,429Expenses 2015: $398,237Net Income 2015: -$54,8082015Revenue 2016: $358,155Expenses 2016: $379,099Net Income 2016: -$20,9442016

Highlighted filing

2013

Revenue$65,785
Expenses$516,326
Net Income-$450,541
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Apr 2, 2014
Return Version
2013v3.1
Gross Receipts
$65,785
Mission and Program Overview

Mission

Paragon florida, inc is a certified comunity development financial institution (cdfi) whose mission is to foster economic and community development in palm beach county, florida. Our target market includes low to moderate income populations and small business owners.

To support the growth and prosperity of startup, emerging and mature businesses in Palm Beach County in various ways, including participation of businesses in the biotech sector and urban redevelopment

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$270,053$784,355▲ $514,302
Investments Other Securities$229,163$0▼ $229,163
Cash and Non-Interest-Bearing Accounts$35,870$47,209▲ $11,339
Prepaid Expenses and Deferred Charges$1,882$3,868▲ $1,986
Land, Buildings, and Equipment, Net$4,170$3,797▼ $373
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$823,130$1,172,974▲ $349,844
Other Assets Total$281,992$333,745▲ $51,753
Liabilities
Unsecured Notes Loans Payable-$750,000-
Accounts Payable and Accrued Expenses$9,515$62,091▲ $52,576
Total Liabilities$9,515$812,091▲ $802,576
Net Assets / Fund Balance
Unrestricted Net Assets$813,615$350,883▼ $462,732
Temporarily Rstr Net Assets-$10,000-
Total Net Assets Fund Balance$813,615$360,883▼ $452,732
Total Liabilities and Net Assets / Fund Balance$823,130$1,172,974▲ $349,844

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,797$10,846$14,643
Other Assets Org$4,430--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Pamela StewartPresidentFT$87,000$1,104$88,104

Board Members and Trustees

NameTitle
Thais SullivanChairman
Ann Marie SorrellDirector
Charles KeysDirector
Maria ColeDirector
Michael RosenbergDirector
James BeardenSecretary
Jonathan E ColeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$17,280
Program Service Revenue
$2,750
Investment Income
$45,705
Other Revenue
$50
All Other Contributions
$16,000
Change in Net Assets
$-450,541

Audited Revenue Reconciliation

Revenue per Audited Statements
$65,785
Revenue Not Reported on Form 990
$-2,191
Total Revenue per Audited Statements
$63,594
Total Revenue per Form 990
$65,785
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$304,385
Salaries, Compensation, and Employee Benefits$204,196
Grants and Similar Amounts Paid$7,745
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$71,190$20,792-$91,982
Current Officers, Directors, Trustees, and Key Employees$44,090$43,939-$88,029
Occupancy$17,894$9,882-$27,776
Payroll Taxes$9,966$4,257-$14,223
Pension Plan Contributions$2,886$3,639-$6,525
Grants to Domestic Orgs$6,000--$6,000
Other Employee Benefits$1,496$1,941-$3,437
All Other Expenses$1,519$1,143-$2,662
Insurance$51$2,129-$2,180
Travel$729$1,017-$1,746
Grants to Domestic Individuals$1,745--$1,745
Other Expenses$866$596-$1,462
Conferences and Meetings$574$183-$757
Advertising$612--$612
Total Functional Expenses$396,611$119,715$0$516,326

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$516,326
Total Expenses per Audited Statements$516,326
Total Expenses per Form 990$516,326
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The audit, finance and investment committees review and approve prior to submission.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The organization reviews each request on a case-by-case basis and has the documents available for review in paper and electronic format.”

Filing and Contact Details

Filer

EIN
20-8610932
Phone
5612286146

Signing Officer

Name
Thais Sullivan
Title
Chairman
Signed
2014-04-02
Discuss with paid preparer
Yes

Organization Details

Formed
2006
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
9
Employees
3

Preparer

Preparer
Juan Cocuy
Phone
5617931927
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IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02750
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0305000
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt08846
IRS990/PYInvestmentIncomeAmt054352
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01130149
IRS990/PYRevenuesLessExpensesAmt0-915918
IRS990/PYSalariesCompEmpBnftPaidAmt0136275
IRS990/PYTotalExpensesAmt01275270
IRS990/PYTotalRevenueAmt0359352
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-450541
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0270053
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0784355
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt017280
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0305000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt05084
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt012752
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt07204
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0347320
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt045705
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt054352
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt058476
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0800
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt016742
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0176075
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02750
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0500
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0750
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01750
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05750
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt045705
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt054352
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt058476
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0800
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt016742
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0176075
IRS990ScheduleA/InvestmentIncomeCYPct00.33270
IRS990ScheduleA/InvestmentIncomePYPct00.30810
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt050
IRS990ScheduleA/OtherIncome509Grp/TotalAmt050
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.66720
IRS990ScheduleA/PublicSupportPY509Pct00.69190
IRS990ScheduleA/PublicSupportTotal509Amt0353070
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt020030
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0305000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt05584
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt013502
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt08954
IRS990ScheduleA/Total509Grp/TotalAmt0353070
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt065785
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0359352
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt064060
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt014302
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt025696
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0529195
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0516326
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt096403
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1-456723
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2110000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3183604
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt498617
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt5250000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt647414
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt74430
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1LOAN RECEIVABLE - ALLOW F/DOUBTFUL ACCTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2LOAN RECEIVABLE - BRIGHT IDEAS DESIGN
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3LOAN RECEIVABLE - EC FENNELL PA
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4LOAN RECEIVABLE - FAMILY ENTERPRISES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5LOAN RECEIVABLE - GLG PHARMA
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6LOAN RECEIVABLE - RRMY ENTERPRISES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc7SECURITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03797
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt010846
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt014643
IRS990ScheduleD/OtherRevenueAmt0-2191
IRS990ScheduleD/RevenueNotReportedAmt0-2191
IRS990ScheduleD/RevenueSubtotalAmt065785
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03797
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0333745
IRS990ScheduleD/TotalExpensesPerForm990Amt0516326
IRS990ScheduleD/TotalRevenuePerForm990Amt065785

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,172,974
Liabilities
$812,091
Net assets
$360,883
Revenue
$65,785
Expenses
$516,326
Net income
-$450,541
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$1.01$0.98$0.03$0.36$0.38$0.02
2015Summary only. Only limited summary data is available for this year.$1.12$1.06$0.05$0.34$0.40$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.91$0.80$0.11$0.20$0.45$0.25
2013Detailed filing. Detailed filing data is available for this year.$1.17$0.81$0.36$0.07$0.52$0.45
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.01$0.81$1.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.74$0.01$1.73$0.72
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.39$0.01$2.38$1.48