Civic Intelligence

Paramount Care Foundation

990 • Fiscal year 2023 • EIN 68-0497737

Jan 01, 2023 to Dec 31, 2023 • Filed on May 15, 2024

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

35th percentile

0.00x

Higher debt load relative to assets than 35% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

38th percentile

0.00x

Higher debt load relative to revenue than 38% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

74th percentile

21%

Higher net margin than 74% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

68th percentile

14%

Faster asset growth than 68% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

24th percentile

-12%

Faster revenue growth than 24% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$683,621

Up $82,097 (+14%) from 2022

Net Assets

Up

$683,033

Up $82,068 (+14%) from 2022

Liabilities

Up

$588

Up $29 (+5.2%) from 2022

Revenue

Down

$150,936

Down $19,947 (-12%) from 2022

Expenses

Down

$119,118

Down $25,285 (-18%) from 2022

Net Income

Up

$31,818

Up $5,338 (+20%) from 2022

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

2023

Assets$683,621
Liabilities$588
Net Assets$683,033

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

2023

Revenue$150,936
Expenses$119,118
Net Income$31,818
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 15, 2024
Return Version
2023v5.0
Gross Receipts
$315,393
Mission and Program Overview

Mission

SEE ATTACHED STATEMENT

SEE ATTACHED SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$366,268$413,107▲ $46,839
Cash and Non-Interest-Bearing Accounts$235,256$171,334▼ $63,922
Investments Other Securities-$99,180-
Savings and Temporary Cash Investments-$0-
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$601,524$683,621▲ $82,097
Other Assets Total-$0-
Liabilities
Other Liabilities$559$588▲ $29
Total Liabilities$559$588▲ $29
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$529,744$611,812▲ $82,068
Net Assets With Donor Restrictions$71,221$71,221→ $0
Total Net Assets Fund Balance$600,965$683,033▲ $82,068
Total Liabilities and Net Assets / Fund Balance$601,524$683,621▲ $82,097

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
$133,887
Program Service Revenue
$19,106
Investment Income
$-2,057
Other Revenue
$0
All Other Contributions
$133,887
Change in Net Assets
$31,818
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$75,345
Other Expenses$43,773
Total Fundraising Expense$9,794
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$59,128$1,449$9,006$69,583
Insurance$3,860$11,515$99$15,474
Fees for Services Other-$10,200-$10,200
Fees for Services Accounting-$7,350-$7,350
Payroll Taxes$4,523$550$689$5,762
Information Technology-$927-$927
All Other Expenses$447$75-$522
Other Expenses$496--$496
Office Expenses-$183-$183
Conferences and Meetings-$165-$165
Total Functional Expenses$76,910$32,414$9,794$119,118
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$588
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, Section B, Line 11B

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

Form 990, Part VI, Section C, Line 19

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
2024-05-15
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
7
Volunteers
27

Preparer

Firm
Richard a Hoting a Professional Corp
Address
1370 N BREA BLVD 217, FULLERTON, CA 92835
Preparer
Richard a Hoting
Phone
5624364200
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Other program services 4: other program service revenue consists of registration fees for the above the rim basketball program. In addition, expenses were incurred for the community arts program which offers classes to the paramount community for various art forms.

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 200 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/Desc0AFTER SCHOOL PROGRAM (SAY YES) - THE FOUNDATION'S AFTER SCHOOL PROGRAM SERVED 30 STUDENTS DURING 2023. THE PROGRAM WAS IN OPERATION MONDAY THROUGH FRIDAY, FROM 2:45 TO 6:00 PM. STUDENTS PAY A SMALL MONTHLY REGISTRATION FEE TO PARTICIPATE IN THE PROGRAM, AND SCHOLARSHIPS ARE AVAILABLE TO THOSE WHO CANNOT AFFORD THE FEE. ALL DAY STUDENTS ARE SERVED A SNACK, HELPED WITH THEIR ACADEMICS, AND HAVE A RECREATIONAL ACTIVITY. PERIODICALLY THE STUDENTS ARE TAKEN ON FIELD TRIPS. THE FOUNDATION HAD 3 VOLUNTEERS PARTICIPATING IN THE PROGRAM LAST YEAR, WHICH HAS BEEN OPERATING IN THE COMMUNITY OF PARAMOUNT SINCE 2001.
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IRS990/ProgSrvcAccomActy3Grp/Desc0DAY CAMP - THE SUMMER DAY CAMP PROGRAM SEEKS TO EXPAND THE EXPERIENCES OF YOUTH WITHIN THE COMMUNITY OF PARAMOUNT BY EXPOSING THEM TO HANDS-ON EXPERIENCES AND LEARNING OPPORTUNITIES THAT ARE NOT READILY AVAILABLE THROUGH THEIR SCHOOLS. SUMMER DAY CAMP RUNS FOR 9 WEEKS FROM LATE JUNE THROUGH THE END OF AUGUST. CHILDREN ARE GIVEN UNIQUE OPPORTUNITIES TO LEARN ABOUT ART, MUSIC, HISTORY, WILDLIFE, SCIENCE, AND THE ENVIRONMENT IN PRODUCTIVE AND EXCITING EDUCATIONAL SETTINGS. IN ADDITION TO LEARNING ABOUT THESE SUBJECTS, THE CHILDREN WITHIN THE PROGRAM CAN PERSONALLY EXPERIENCE THEM THROUGH VARIOUS FIELD TRIPS AND ACTIVITIES. 38% OF THE CHILDREN ARE HISPANIC, 5% ARE AFRICAN AMERICAN, 55% ARE CAUCASIAN, AND 2% ARE ASIAN. IN 2023 THE SUMMER DAY CAMP SERVED 127 STUDENTS WHO PAY A WEEKLY REGISTRATION FEE TO HELP COVER SOME OF THE COSTS. SCHOLARSHIPS ARE ALSO AVAILABLE TO THOSE WHO CANNOT AFFORD THE FEE.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: OTHER PROGRAM SERVICE REVENUE CONSISTS OF REGISTRATION FEES FOR THE ABOVE THE RIM BASKETBALL PROGRAM. IN ADDITION, EXPENSES WERE INCURRED FOR THE COMMUNITY ARTS PROGRAM WHICH OFFERS CLASSES TO THE PARAMOUNT COMMUNITY FOR VARIOUS ART FORMS.
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 200 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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3ORGANIZATION'S MISSION
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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