Civic Intelligence

The Parachute Foundation

EIN 84-1767763 • 501(c)3 • Minnetonka, MN

Minnetonka, MN
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

30th percentile

-11%

Higher net margin than 30% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

91st percentile

$34,850

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 16.8% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

19th percentile

-54%

Faster asset growth than 19% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

48th percentile

-4.2%

Faster revenue growth than 48% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$19,397

Down $22,473 (-54%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$19,397

Down $22,473 (-54%) from 2023

Operations
Liabilities / Revenue62nd percentileNet Margin30th percentile

Revenue

Down

$207,853

Down $9,131 (-4.2%) from 2023

Expenses

Up

$230,326

Up $1,124 (+0.5%) from 2023

Net Income

Down

-$22,473

Down $10,255 (-84%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth19th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0Assets 2019: $12,864Liabilities 2019: $02019Assets 2020: $11,092Liabilities 2020: $02020Assets 2021: $57,633Liabilities 2021: $197Net Assets 2021: $57,4362021Assets 2022: $55,235Liabilities 2022: $1,147Net Assets 2022: $54,0882022Assets 2023: $41,870Liabilities 2023: $0Net Assets 2023: $41,8702023Assets 2024: $19,397Liabilities 2024: $0Net Assets 2024: $19,3972024

Highlighted filing

2024

Assets$19,397
Liabilities$0
Net Assets$19,397
Open 2024 Filing

Operations Trend

Revenue Growth48th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2019: $99,723Expenses 2019: $86,859Net Income 2019: $12,8642019Revenue 2020: $181,545Expenses 2020: $183,317Net Income 2020: -$1,7722020Revenue 2021: $240,772Expenses 2021: $194,428Net Income 2021: $46,3442021Revenue 2022: $277,936Expenses 2022: $277,507Net Income 2022: $4292022Revenue 2023: $216,984Expenses 2023: $229,202Net Income 2023: -$12,2182023Revenue 2024: $207,853Expenses 2024: $230,326Net Income 2024: -$22,4732024

Highlighted filing

2024

Revenue$207,853
Expenses$230,326
Net Income-$22,473
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$19,397
Liabilities
$0
Net assets
$19,397
Revenue
$207,853
Expenses
$230,326
Net income
-$22,473
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.19$0.00$0.19$2.08$2.30$0.22
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.42$0.00$0.42$2.17$2.29$0.12
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.55$0.01$0.54$2.78$2.78$0.00
2021Summary only. Only limited summary data is available for this year.$0.58$0.00$0.57$2.41$1.94$0.46
2020Summary only. Only limited summary data is available for this year.$0.11$0.00$1.82$1.83$0.02
2019Summary only. Only limited summary data is available for this year.$0.13$0.00$1.00$0.87$0.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 28, 2025
Return Version
2024v5.2
Gross Receipts
$238,787
Mission and Program Overview

Mission

Support families during early recovery

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$31,810$22,748▼ $9,062
Cash and Non-Interest-Bearing Accounts$10,060$-3,351▼ $13,411
Total Assets$41,870$19,397▼ $22,473
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$41,870$19,397▼ $22,473
Total Net Assets Fund Balance$41,870$19,397▼ $22,473
Total Liabilities and Net Assets / Fund Balance$41,870$19,397▼ $22,473

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$21,958$20,542$42,500
Equipment$790$3,471$4,261
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseTotal
PAUL GIEL JrPresidentFT$34,850$34,850
Joseph W HuttonSecretaryPT$15,500$15,500

Board Members and Trustees

NameTitle
Rick DeslauriersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$195,500
Program Service Revenue
$0
Investment Income
$488
Other Revenue
$11,865
Change in Net Assets
$-22,473
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$149,776
Salaries, Compensation, and Employee Benefits$57,350
Grants and Similar Amounts Paid$23,200
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising-$68,975-$68,975
Other Salaries and Wages-$57,350-$57,350
Occupancy-$44,797-$44,797
Grants to Domestic Orgs$23,200--$23,200
Information Technology-$12,538-$12,538
Depreciation Depletion-$9,062-$9,062
Travel-$4,859-$4,859
Office Expenses-$1,418-$1,418
Other Expenses-$26-$26
Total Functional Expenses$23,200$207,126$0$230,326
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
U of M Medical CenterMinneapolis, MN501c3Help Families of Addiction Defra Costs-
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$42,799
Fundraising Direct Expenses$30,934
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournam$42,798$42,798$30,935$11,863
Curling----
Total Events$42,798$42,798$30,935$11,863
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
Yes
Other officer compensation reviewed
Yes
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 governing body review Part VI line 11

“Paul giel jr is the president and also a director, paul was emailed a copy of the form 990 before it was e-filed”

CEO executive director top management comp Part VI line 15A

“The only fees paid in 2023 for director fees was $26,366 to paul giel jr the president”

Other officer or key employee compensation Part VI line 15B

“This is a newer non profit and pays no wages at this time as to have funds to operate and meet the mission statement to help those in early recovery. As such, all officers and directors decided to give only president and director paul giel jr modest director fees to compensate paul for doing 70% of all work required and all others aggreed to be unpaid volunteers”

Governing documents etc available to public Part VI line 19

“Upon phone call or emial all governing documents and a copy of the 990 are available at no charge to the general public or anyone who wishes to have this informatin by making a phone call, emailing or through a request on the non profit website”

Filing and Contact Details

Filer

Filer Name
The Parachute Foundation
EIN
84-1767763
In Care Of
% PAUL GIEL JR
Phone
6126184841
Address
6110 BLUE CIRCLE DR STE 280, MINNETONKA, MN 55343-9123

Signing Officer

Name
Paul Giel Jr
Title
President
Phone
6126184841
Signed
2025-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
PAUL GIEL Jr
Formed
2019
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Stovall & Associates Ltd
Address
2574 RICE ST, Saint Paul, MN 55113
Preparer
Mike Richardson
Phone
6516218211
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“See overflow statement labeled part ix - funtional expenses - management and general detail to view all the expenses that make up the $228,950 management and general expense total”

Raw XML Appendix361 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/BooksInCareOfDetail/PhoneNum06126184841
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IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0true
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IRS990/IRPDocumentCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt031810
IRS990/LandBldgEquipBasisNetGrp/EOYAmt022748
IRS990/LandBldgEquipCostOrOtherBssAmt046761
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/OtherExpensesGrp/Desc2SQUARE STRIPE & BANK FEES
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0HELP FAMILIES OF ADDICTION DEFRA COSTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0U OF M MEDICAL CENTER
IRS990ScheduleI/RecipientTable/RecipientEIN0465444821
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0420 DELWARE STREET NE - MAYO BLDG
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MINNEAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
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IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0CASH
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PAUL GIEL JR IS THE PRESIDENT AND ALSO A DIRECTOR, PAUL WAS EMAILED A COPY OF THE FORM 990 BEFORE IT WAS E-FILED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ONLY FEES PAID IN 2023 FOR DIRECTOR FEES WAS $26,366 TO PAUL GIEL JR THE PRESIDENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THIS IS A NEWER NON PROFIT AND PAYS NO WAGES AT THIS TIME AS TO HAVE FUNDS TO OPERATE AND MEET THE MISSION STATEMENT TO HELP THOSE IN EARLY RECOVERY. AS SUCH, ALL OFFICERS AND DIRECTORS DECIDED TO GIVE ONLY PRESIDENT AND DIRECTOR PAUL GIEL JR MODEST DIRECTOR FEES TO COMPENSATE PAUL FOR DOING 70% OF ALL WORK REQUIRED AND ALL OTHERS AGGREED TO BE UNPAID VOLUNTEERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON PHONE CALL OR EMIAL ALL GOVERNING DOCUMENTS AND A COPY OF THE 990 ARE AVAILABLE AT NO CHARGE TO THE GENERAL PUBLIC OR ANYONE WHO WISHES TO HAVE THIS INFORMATIN BY MAKING A PHONE CALL, EMAILING OR THROUGH A REQUEST ON THE NON PROFIT WEBSITE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SEE OVERFLOW STATEMENT LABELED PART IX - FUNTIONAL EXPENSES - MANAGEMENT AND GENERAL DETAIL TO VIEW ALL THE EXPENSES THAT MAKE UP THE $228,950 MANAGEMENT AND GENERAL EXPENSE TOTAL
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4List of other fees for services expenses Part IX line 11g
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0207126
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt023200
IRS990/TotalFunctionalExpensesGrp/TotalAmt0230326
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt041870
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt019397
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt023200
IRS990/TotalReportableCompFromOrgAmt050350
IRS990/TotalRevenueGrp/ExclusionAmt012353
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0207853
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt041870
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt019397
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt04859
IRS990/TravelGrp/TotalAmt04859
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06110 BLUE CIRCLE DR Ste 280
IRS990/USAddress/CityNm0MINNETONKA
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd0553439123
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0PARACHUTEFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PAUL GIEL JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06126184841
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE PARACHUTE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0PARA
ReturnHeader/Filer/EIN0841767763
ReturnHeader/Filer/InCareOfNm0% PAUL GIEL JR
ReturnHeader/Filer/PhoneNum06126184841
ReturnHeader/Filer/USAddress/AddressLine1Txt06110 BLUE CIRCLE DR STE 280
ReturnHeader/Filer/USAddress/CityNm0MINNETONKA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464116739
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0STOVALL & ASSOCIATES LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02574 RICE ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Saint Paul
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055113
ReturnHeader/PreparerPersonGrp/PhoneNum06516218211
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MIKE RICHARDSON
ReturnHeader/ReturnTs02025-10-28T17:42:11-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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