Civic Intelligence

Paramount Care Foundation

990 • Fiscal year 2021 • EIN 68-0497737

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 28, 2022

8303 Alondra BlvdParamount, CA 90723

(562) 272-4963

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.00x

Higher debt load relative to assets than 32% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

33rd percentile

0.00x

Higher debt load relative to revenue than 33% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

81st percentile

40%

Higher net margin than 81% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

63rd percentile

18%

Faster asset growth than 63% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

90th percentile

145%

Faster revenue growth than 90% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$616,455

Up $94,482 (+18%) from 2020

Net Assets

Up

$615,967

Up $107,330 (+21%) from 2020

Liabilities

Down

$488

Down $12,848 (-96%) from 2020

Revenue

Up

$279,999

Up $165,893 (+145%) from 2020

Expenses

Up

$167,267

Up $88,236 (+112%) from 2020

Net Income

Up

$112,732

Up $77,657 (+221%) from 2020

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $304,232Liabilities 2011: $5,985Net Assets 2011: $298,2472011Assets 2012: $319,978Liabilities 2012: $0Net Assets 2012: $319,9782012Assets 2013: $392,470Liabilities 2013: $0Net Assets 2013: $392,4702013Assets 2014: $448,381Liabilities 2014: $0Net Assets 2014: $448,3812014Assets 2015: $438,176Liabilities 2015: $0Net Assets 2015: $438,1762015Assets 2016: $425,082Liabilities 2016: $0Net Assets 2016: $425,0822016Assets 2017: $443,789Liabilities 2017: $337Net Assets 2017: $443,4522017Assets 2018: $440,028Liabilities 2018: $352Net Assets 2018: $439,6762018Assets 2019: $474,013Liabilities 2019: $451Net Assets 2019: $473,5622019Assets 2020: $521,973Liabilities 2020: $13,336Net Assets 2020: $508,6372020Assets 2021: $616,455Liabilities 2021: $488Net Assets 2021: $615,9672021Assets 2022: $601,524Liabilities 2022: $559Net Assets 2022: $600,9652022Assets 2023: $683,621Liabilities 2023: $588Net Assets 2023: $683,0332023Assets 2024: $734,529Liabilities 2024: $629Net Assets 2024: $733,9002024

Highlighted filing

2021

Assets$616,455
Liabilities$488
Net Assets$615,967

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $215,349Expenses 2011: $191,895Net Income 2011: $23,4542011Revenue 2012: $218,336Expenses 2012: $188,923Net Income 2012: $29,4132012Revenue 2013: $231,864Expenses 2013: $158,110Net Income 2013: $73,7542013Revenue 2014: $220,426Expenses 2014: $164,515Net Income 2014: $55,9112014Revenue 2015: $123,564Expenses 2015: $133,769Net Income 2015: -$10,2052015Revenue 2016: $105,621Expenses 2016: $118,741Net Income 2016: -$13,1202016Revenue 2017: $102,312Expenses 2017: $99,335Net Income 2017: $2,9772017Revenue 2018: $174,206Expenses 2018: $165,098Net Income 2018: $9,1082018Revenue 2019: $188,468Expenses 2019: $154,582Net Income 2019: $33,8862019Revenue 2020: $114,106Expenses 2020: $79,031Net Income 2020: $35,0752020Revenue 2021: $279,999Expenses 2021: $167,267Net Income 2021: $112,7322021Revenue 2022: $170,883Expenses 2022: $144,403Net Income 2022: $26,4802022Revenue 2023: $150,936Expenses 2023: $119,118Net Income 2023: $31,8182023Revenue 2024: $241,903Expenses 2024: $225,666Net Income 2024: $16,2372024

Highlighted filing

2021

Revenue$279,999
Expenses$167,267
Net Income$112,732
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 28, 2022
Return Version
2021v4.0
Gross Receipts
$289,418
Mission and Program Overview

Mission

SEE ATTACHED STATEMENT

SEE ATTACHED SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$418,966-
Other Notes and Loans Receivable, Net$302,683$0▼ $302,683
Cash and Non-Interest-Bearing Accounts$219,290$197,489▼ $21,801
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$521,973$616,455▲ $94,482
Other Assets Total-$0-
Liabilities
Other Liabilities$13,336$488▼ $12,848
Total Liabilities$13,336$488▼ $12,848
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$437,416$544,746▲ $107,330
Net Assets With Donor Restrictions$71,221$71,221→ $0
Total Net Assets Fund Balance$508,637$615,967▲ $107,330
Total Liabilities and Net Assets / Fund Balance$521,973$616,455▲ $94,482

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$38,942$38,942
Compensation and Service Providers

Board Members and Trustees

NameTitle
Randy WilliamsPresident
Kathy BynumBoard Member
Mike DemasterBoard Member
William StramBoard Member
Ruth ZymkowitzSecretary
Jill GutierrezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$265,477
Program Service Revenue
$2,700
Investment Income
$11,822
Other Revenue
$0
All Other Contributions
$247,733
Change in Net Assets
$112,732
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$130,469
Salaries, Compensation, and Employee Benefits$36,798
Total Fundraising Expense$5,705
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$23,535$5,499$5,245$34,279
Insurance$4,226$9,714-$13,940
Payroll Taxes$1,800$318$401$2,519
Information Technology-$814-$814
Office Expenses-$651$59$710
Other Expenses$630--$630
Travel-$538-$538
All Other Expenses$258$50-$308
Fees for Services Accounting-$230-$230
Conferences and Meetings-$25-$25
Total Functional Expenses$143,723$17,839$5,705$167,267
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$488
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
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

Form 990 is provided upon request to each individual member of the board of directors.

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

The governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Paramount Care Foundation
EIN
68-0497737
Phone
5622724963
Address
8303 ALONDRA BLVD, PARAMOUNT, CA 90723

Signing Officer

Name
Randy Williams
Title
President
Signed
2022-07-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randy Williams
Formed
2001
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
4
Volunteers
25

Preparer

Firm
Richard a Hoting a Professional Corp
Address
1 WORLD TRADE CENTER STE 400, LONG BEACH, CA 90831
Preparer
Richard a Hoting
Phone
5624364200
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

Other program services 4: other program service revenue consists of fees for after school child care and registration fees for the get fit and basketball programs.

ORGANIZATION'S MISSION

Part 1 line 1 and part iii line 1organization's missionparamount care foundation is a nonprofit corporation that primarily exists to serve the low-income and under-served residents of paramount, ca. The foundation's main focus is after-school and youth programming, but other community services are also provided, including a food bank, health services, "get fit', and various special events throughout the year.the mission of paramount care foundation is to serve the residents of paramount, ca by working with students and parents to raise students' proficiency in academic studies, fostering a high moral code among students, providing a sports program as an alternative to gangs, assisting the less fortunate towards self-sufficiency, and providing intermittent events to be a lighthouse to the less fortunate in the community.after school programthe foundation's after-school program has been serving students since its inception in 2001. A variety of services are provided to students, including homework help, recreation, and enrichment activities. In addition to providing these fundamental services, the foundation also has "fun fridays" each week where students participate in games and crafts. The program is open to all students entering grades k through 6. The cost is $30 per student each month. The program runs monday through friday from 2:45pm to 6:00 pm for 35 weeks of the year.summer day campthe foundation sponsors an exciting summer program five days a week for children from 1st grade through 6th grade. The program includes field trips, learning about different careers, adn time for fun and recreation. Each year has a different educational theme. Past themes have included "animal plant" (for studying animals in their different habitats) and "explore your future" (for learning about different careers). Field trips have included water slides, ice rinks, the scinece center, and various parks. The cost is $80 per week.above the rim basketballthe foundation provides a safe place for basketball players of all ages, gender, and skill levels to compete in eleven weeks of games in an encouraging environment. Fall and spring session are held. At the end of the spring session, all participants are invited to a celebration with a barbecue, games, and prize raffle. The cost of the program is $15 per player, which includes a team shirt. Games are held on monday evenings from 6:30 pm to 9:30 pm.project hopethis program provides daily essentials to lower-income individuals and families. Consistent support is offered through a friday food distribution and pop-up shop (which distributes free clothing). An average of 165 recipients are served weekly.seasonal events include:1. A running start - back-to-school events (provides low-cost backpacks and uniform tops)2. Sharing the harvest - thanksgiving meal assistance3. Children's christmas store - provides low-cost gifts and wrapping 4. Sharing the blessings - easter meal assistance

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IRS990/ProgSrvcAccomActy2Grp/Desc0PROJECT HOPE (HELPING OTHERS PROVIDE ESSENTIALS) PROVIDES A FUNDAMENTAL SERVICE TO THE PARAMOUNT COMMUNITY BY PROVIDING LOW-INCOME RESIDENTS WITH GROCERIES, CLOTHING, AND OTHER PROVISIONS. THIS PROGRAM BEGAN IN 2002. IN 2021 PROJECT HOPE SERVED APPROXIMATELY 165 FAMILIES AND HAD OVER 20 VOLUNTEERS WHO ASSISTED WITH FOOD DISTRIBUTION AND THE WEEKLY POP-UP STORE (WHERE DONATED ITEMS ARE PROVIDED AT NO COST), AS WELL AS SPECIAL ANNUAL EVENTS. THESE SPECIAL EVENTS INCLUDE SHARE THANKSGIVING, SHARE CHRISTMAS, SHARE EASTER, AND RUNNING START. NEEDY FAMILIES RECEIVE MEALS AND GIFTS FOR CHILDREN. PROJECT HOPE ALSO PROVIDES STUDENTS IN NEED WITH BACKPACKS AND UNIFORM SHIRTS AT A REDUCED COST AS WELL AS NECESSARY SCHOOL SUPLPIES LIKE PAPER, MARKERS, CRAYONS, ERASERS, BINDERS, AND FOLDERS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: OTHER PROGRAM SERVICE REVENUE CONSISTS OF FEES FOR AFTER SCHOOL CHILD CARE AND REGISTRATION FEES FOR THE GET FIT AND BASKETBALL PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PROVIDED UPON REQUEST TO EACH INDIVIDUAL MEMBER OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PART 1 LINE 1 AND PART III LINE 1ORGANIZATION'S MISSIONPARAMOUNT CARE FOUNDATION IS A NONPROFIT CORPORATION THAT PRIMARILY EXISTS TO SERVE THE LOW-INCOME AND UNDER-SERVED RESIDENTS OF PARAMOUNT, CA. THE FOUNDATION'S MAIN FOCUS IS AFTER-SCHOOL AND YOUTH PROGRAMMING, BUT OTHER COMMUNITY SERVICES ARE ALSO PROVIDED, INCLUDING A FOOD BANK, HEALTH SERVICES, "GET FIT', AND VARIOUS SPECIAL EVENTS THROUGHOUT THE YEAR.THE MISSION OF PARAMOUNT CARE FOUNDATION IS TO SERVE THE RESIDENTS OF PARAMOUNT, CA BY WORKING WITH STUDENTS AND PARENTS TO RAISE STUDENTS' PROFICIENCY IN ACADEMIC STUDIES, FOSTERING A HIGH MORAL CODE AMONG STUDENTS, PROVIDING A SPORTS PROGRAM AS AN ALTERNATIVE TO GANGS, ASSISTING THE LESS FORTUNATE TOWARDS SELF-SUFFICIENCY, AND PROVIDING INTERMITTENT EVENTS TO BE A LIGHTHOUSE TO THE LESS FORTUNATE IN THE COMMUNITY.AFTER SCHOOL PROGRAMTHE FOUNDATION'S AFTER-SCHOOL PROGRAM HAS BEEN SERVING STUDENTS SINCE ITS INCEPTION IN 2001. A VARIETY OF SERVICES ARE PROVIDED TO STUDENTS, INCLUDING HOMEWORK HELP, RECREATION, AND ENRICHMENT ACTIVITIES. IN ADDITION TO PROVIDING THESE FUNDAMENTAL SERVICES, THE FOUNDATION ALSO HAS "FUN FRIDAYS" EACH WEEK WHERE STUDENTS PARTICIPATE IN GAMES AND CRAFTS. THE PROGRAM IS OPEN TO ALL STUDENTS ENTERING GRADES K THROUGH 6. THE COST IS $30 PER STUDENT EACH MONTH. THE PROGRAM RUNS MONDAY THROUGH FRIDAY FROM 2:45PM TO 6:00 PM FOR 35 WEEKS OF THE YEAR.SUMMER DAY CAMPTHE FOUNDATION SPONSORS AN EXCITING SUMMER PROGRAM FIVE DAYS A WEEK FOR CHILDREN FROM 1ST GRADE THROUGH 6TH GRADE. THE PROGRAM INCLUDES FIELD TRIPS, LEARNING ABOUT DIFFERENT CAREERS, ADN TIME FOR FUN AND RECREATION. EACH YEAR HAS A DIFFERENT EDUCATIONAL THEME. PAST THEMES HAVE INCLUDED "ANIMAL PLANT" (FOR STUDYING ANIMALS IN THEIR DIFFERENT HABITATS) AND "EXPLORE YOUR FUTURE" (FOR LEARNING ABOUT DIFFERENT CAREERS). FIELD TRIPS HAVE INCLUDED WATER SLIDES, ICE RINKS, THE SCINECE CENTER, AND VARIOUS PARKS. THE COST IS $80 PER WEEK.ABOVE THE RIM BASKETBALLTHE FOUNDATION PROVIDES A SAFE PLACE FOR BASKETBALL PLAYERS OF ALL AGES, GENDER, AND SKILL LEVELS TO COMPETE IN ELEVEN WEEKS OF GAMES IN AN ENCOURAGING ENVIRONMENT. FALL AND SPRING SESSION ARE HELD. AT THE END OF THE SPRING SESSION, ALL PARTICIPANTS ARE INVITED TO A CELEBRATION WITH A BARBECUE, GAMES, AND PRIZE RAFFLE. THE COST OF THE PROGRAM IS $15 PER PLAYER, WHICH INCLUDES A TEAM SHIRT. GAMES ARE HELD ON MONDAY EVENINGS FROM 6:30 PM TO 9:30 PM.PROJECT HOPETHIS PROGRAM PROVIDES DAILY ESSENTIALS TO LOWER-INCOME INDIVIDUALS AND FAMILIES. CONSISTENT SUPPORT IS OFFERED THROUGH A FRIDAY FOOD DISTRIBUTION AND POP-UP SHOP (WHICH DISTRIBUTES FREE CLOTHING). AN AVERAGE OF 165 RECIPIENTS ARE SERVED WEEKLY.SEASONAL EVENTS INCLUDE:1. A RUNNING START - BACK-TO-SCHOOL EVENTS (PROVIDES LOW-COST BACKPACKS AND UNIFORM TOPS)2. SHARING THE HARVEST - THANKSGIVING MEAL ASSISTANCE3. CHILDREN'S CHRISTMAS STORE - PROVIDES LOW-COST GIFTS AND WRAPPING 4. SHARING THE BLESSINGS - EASTER MEAL ASSISTANCE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3ORGANIZATION'S MISSION
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.35$0.01$7.34$2.42$2.26$0.16
2023Detailed filing. Detailed filing data is available for this year.$6.84$0.01$6.83$1.51$1.19$0.32
2022Detailed filing. Detailed filing data is available for this year.$6.02$0.01$6.01$1.71$1.44$0.26
2021Detailed filing. Detailed filing data is available for this year.$6.16$0.00$6.16$2.80$1.67$1.13
2020Detailed filing. Detailed filing data is available for this year.$5.22$0.13$5.09$1.14$0.79$0.35
2019Summary only. Only limited summary data is available for this year.$4.74$0.00$4.74$1.88$1.55$0.34
2018Summary only. Only limited summary data is available for this year.$4.40$0.00$4.40$1.74$1.65$0.09
2017Summary only. Only limited summary data is available for this year.$4.44$0.00$4.43$1.02$0.99$0.03
2016Summary only. Only limited summary data is available for this year.$4.25$0.00$4.25$1.06$1.19$0.13
2015Summary only. Only limited summary data is available for this year.$4.38$0.00$4.38$1.24$1.34$0.10
2014Summary only. Only limited summary data is available for this year.$4.48$0.00$4.48$2.20$1.65$0.56
2013Summary only. Only limited summary data is available for this year.$3.92$0.00$3.92$2.32$1.58$0.74
2012Summary only. Only limited summary data is available for this year.$3.20$0.00$3.20$2.18$1.89$0.29
2011Summary only. Only limited summary data is available for this year.$3.04$0.06$2.98$2.15$1.92$0.23