Civic Intelligence

The Parachute Foundation

990 • Fiscal year 2023 • EIN 84-1767763

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

Organization ProfilePARACHUTEFOUNDATION.ORG
6110 Blue Circle Dr Ste 280Minnetonka, MN 55343-9123

(612) 618-4841

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

32nd percentile

-5.6%

Higher net margin than 32% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

87th percentile

$26,366

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 12.2% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

21st percentile

-24%

Faster asset growth than 21% of similar nonprofits.

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

Revenue Growth

23rd percentile

-22%

Faster revenue growth than 23% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$41,870

Down $13,365 (-24%) from 2022

Net Assets

Down

$41,870

Down $12,218 (-23%) from 2022

Liabilities

Down

$0

Down $1,147 (-100%) from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin32nd percentile

Revenue

Down

$216,984

Down $60,952 (-22%) from 2022

Expenses

Down

$229,202

Down $48,305 (-17%) from 2022

Net Income

Down

-$12,218

Down $12,647 (-2948%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$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

2023

Assets$41,870
Liabilities$0
Net Assets$41,870
Open 2023 Filing

Operations Trend

Revenue Growth23rd percentile

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$216,984
Expenses$229,202
Net Income-$12,218
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$236,522
Mission and Program Overview

Mission

Support families during early recovery

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$41,211$31,810▼ $9,401
Cash and Non-Interest-Bearing Accounts$14,024$10,060▼ $3,964
Total Assets$55,235$41,870▼ $13,365
Liabilities
Unsecured Notes Loans Payable$1,147--
Total Liabilities$1,147$0▼ $1,147
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$54,088$41,870▼ $12,218
Total Net Assets Fund Balance$54,088$41,870▼ $12,218
Total Liabilities and Net Assets / Fund Balance$55,235$41,870▼ $13,365

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$30,458$12,042$42,500
Equipment$1,352$2,909$4,261
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Paul Giel JrPresidentFT$26,366$26,366

Board Members and Trustees

NameTitle
Joseph W HuttonSecretary
Rick DeslauriersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$76,000
Program Service Revenue
$0
Investment Income
$566
Other Revenue
$140,418
Change in Net Assets
$-12,218
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$169,724
Grants and Similar Amounts Paid$33,112
Salaries, Compensation, and Employee Benefits$26,366
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising-$89,185-$89,185
Occupancy-$34,253-$34,253
Grants to Domestic Orgs$33,112--$33,112
Current Officers, Directors, Trustees, and Key Employees-$26,366-$26,366
Travel-$14,383-$14,383
Depreciation Depletion-$9,401-$9,401
Fees for Services Other-$9,125-$9,125
Information Technology-$2,476-$2,476
Office Expenses-$1,556-$1,556
All Other Expenses-$965-$965
Other Expenses-$27-$27
Total Functional Expenses$33,112$196,090$0$229,202
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$159,956
Fundraising Direct Expenses$19,538
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Curling----
Golf Tournam----
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
No
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
Address
6110 BLUE CIRCLE DR STE 280, MINNETONKA, MN 55343-9123

Signing Officer

Name
Paul Giel Jr
Title
President
Phone
6126184841
Signed
2024-11-13
Discuss with paid preparer
No

Organization Details

Principal Officer
Paul Giel Jr
Formed
2019
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
10

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 Appendix363 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0SUPPORT FAMILIES DURING EARLY RECOVERY
IRS990/AdvertisingGrp/ManagementAndGeneralAmt089185
IRS990/AdvertisingGrp/TotalAmt089185
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0965
IRS990/AllOtherExpensesGrp/TotalAmt0965
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0PAUL GIEL JR
IRS990/BooksInCareOfDetail/PhoneNum06126184841
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt06110 BLUE CIRCLE DR STE 280
IRS990/BooksInCareOfDetail/USAddress/CityNm0MINNETONKA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0553439123
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt014024
IRS990/CashNonInterestBearingGrp/EOYAmt010060
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt026366
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt026366
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContriRptFundraisingEventAmt076000
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt076000
IRS990/CYGrantsAndSimilarPaidAmt033112
IRS990/CYInvestmentIncomeAmt0566
IRS990/CYOtherExpensesAmt0169724
IRS990/CYOtherRevenueAmt0140418
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-12218
IRS990/CYSalariesCompEmpBnftPaidAmt026366
IRS990/CYTotalExpensesAmt0229202
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0216984
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt09401
IRS990/DepreciationDepletionGrp/TotalAmt09401
IRS990/Desc0FUND EARLY STAGE RECOVERY ORGANIZATIONS TO AID THE INDIVIDUAL AND PROVIDE COMPREHENSIVE FAMILY SUPPORT DURING THE HEALING AND RECOVERY PROCESS
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt033112
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt09125
IRS990/FeesForServicesOtherGrp/TotalAmt09125
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt035.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0PAUL GIEL JR
IRS990/Form990PartVIISectionAGrp/PersonNm1RICK DESLAURIERS
IRS990/Form990PartVIISectionAGrp/PersonNm2JOSEPH W HUTTON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt026366
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02019
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt076000
IRS990/FundraisingDirectExpensesAmt019538
IRS990/FundraisingGrossIncomeAmt0159956
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantAmt033112
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt033112
IRS990/GrantsToDomesticOrgsGrp/TotalAmt033112
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0236522
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt02476
IRS990/InformationTechnologyGrp/TotalAmt02476
IRS990/InvestmentIncomeGrp/ExclusionAmt0566
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0566
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt014951
IRS990/LandBldgEquipBasisNetGrp/BOYAmt041211
IRS990/LandBldgEquipBasisNetGrp/EOYAmt031810
IRS990/LandBldgEquipCostOrOtherBssAmt046761
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0SUPPORT FAMILIES DURING EARLY RECOVERY
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt054088
IRS990/NetAssetsOrFundBalancesEOYAmt041870
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0140418
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0140418
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt054088
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt041870
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt034253
IRS990/OccupancyGrp/TotalAmt034253
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01556
IRS990/OfficeExpensesGrp/TotalAmt01556
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PRINTING POSTAGE SHIPPING
IRS990/OtherExpensesGrp/Desc1AUTO
IRS990/OtherExpensesGrp/Desc2LICENSE & PERMITS
IRS990/OtherExpensesGrp/Desc3SQUARE STRIPE & BANK FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt048
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt17829
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2476
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt327
IRS990/OtherExpensesGrp/TotalAmt048
IRS990/OtherExpensesGrp/TotalAmt17829
IRS990/OtherExpensesGrp/TotalAmt2476
IRS990/OtherExpensesGrp/TotalAmt327
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0PAUL GIEL JR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0277686
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt030322
IRS990/PYInvestmentIncomeAmt0250
IRS990/PYOtherExpensesAmt0226358
IRS990/PYRevenuesLessExpensesAmt0429
IRS990/PYSalariesCompEmpBnftPaidAmt020827
IRS990/PYTotalExpensesAmt0277507
IRS990/PYTotalRevenueAmt0277936
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-12218
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0236522
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt076000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0241000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0165000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0143500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt068500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0694000
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0566
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0250
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt082
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt091
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt076
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01065
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt0159956
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt036686
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt075690
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt056030
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt040490
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0368852
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0566
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0250
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt082
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt091
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt076
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01065
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99900
IRS990ScheduleA/PublicSupportPY509Pct00.99940
IRS990ScheduleA/PublicSupportTotal509Amt01062852
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0235956
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0277686
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0240690
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0199530
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0108990
IRS990ScheduleA/Total509Grp/TotalAmt01062852
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0236522
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0277936
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0240772
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0199621
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0109066
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01063917
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/EquipmentGrp/BookValueAmt01352
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02909
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04261
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt030458
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt012042
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt042500
IRS990ScheduleD/TotalBookValueLandBuildingsAmt031810
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAM
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0CURLING
IRS990ScheduleI/GrantRecordsMaintainedInd0true
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
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd055455
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0CASH
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt055235
IRS990/TotalAssetsEOYAmt041870
IRS990/TotalAssetsGrp/BOYAmt055235
IRS990/TotalAssetsGrp/EOYAmt041870
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt076000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0196090
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt033112
IRS990/TotalFunctionalExpensesGrp/TotalAmt0229202
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01147
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt01147
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt054088
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt041870
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt033112
IRS990/TotalReportableCompFromOrgAmt026366
IRS990/TotalRevenueGrp/ExclusionAmt0140984
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0216984
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt055235
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt041870
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt014383
IRS990/TravelGrp/TotalAmt014383
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt01147
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0PARACHUTEFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0PAUL GIEL JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06126184841
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE PARACHUTE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0PARA
ReturnHeader/Filer/EIN0841767763
ReturnHeader/Filer/USAddress/AddressLine1Txt06110 BLUE CIRCLE DR STE 280
ReturnHeader/Filer/USAddress/CityNm0MINNETONKA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd0553439123
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/PreparationDt02024-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mike Richardson
ReturnHeader/ReturnTs02024-11-13T12:41:22-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$41,870
Liabilities
$0
Net assets
$41,870
Revenue
$216,984
Expenses
$229,202
Net income
-$12,218
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
2023Detailed filing. Detailed filing data is available for this year.$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