Civic Intelligence

Paradigm for Parity Inc.

990 • Fiscal year 2023 • EIN 85-2840852

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

969 Fifth AvenueNew York, NY 10075-1793

(332) 373-5776

Siviq Scores

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

Liabilities / Assets

71st percentile

0.28x

Higher debt load relative to assets than 71% of similar nonprofits.

2023 filings • NTEE P20 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

66th percentile

0.15x

Higher debt load relative to revenue than 66% of similar nonprofits.

2023 filings • NTEE P20 • $1M-$5M nonprofits • Source year 2023

Net Margin

19th percentile

-9.6%

Higher net margin than 19% of similar nonprofits.

2023 filings • NTEE P20 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2023 filings • NTEE P20 • $1M-$5M nonprofits • Source year 2023

Asset Growth

13th percentile

-13%

Faster asset growth than 13% of similar nonprofits.

2023 filings • NTEE P20 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

56th percentile

18%

Faster revenue growth than 56% of similar nonprofits.

2023 filings • NTEE P20 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$606,408

Down $94,075 (-13%) from 2022

Net Assets

Down

$437,403

Down $108,079 (-20%) from 2022

Liabilities

Up

$169,005

Up $14,004 (+9.0%) from 2022

Revenue

Up

$1,127,525

Up $175,325 (+18%) from 2022

Expenses

Up

$1,235,604

Up $110,016 (+9.8%) from 2022

Net Income

Up

-$108,079

Up $65,309 (+38%) 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 2021: $742,388Liabilities 2021: $23,518Net Assets 2021: $718,8702021Assets 2022: $700,483Liabilities 2022: $155,001Net Assets 2022: $545,4822022Assets 2023: $606,408Liabilities 2023: $169,005Net Assets 2023: $437,4032023Assets 2024: $294,448Liabilities 2024: $90,305Net Assets 2024: $204,1432024

Highlighted filing

2023

Assets$606,408
Liabilities$169,005
Net Assets$437,403

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2021: $872,954Expenses 2021: $657,619Net Income 2021: $215,3352021Revenue 2022: $952,200Expenses 2022: $1,125,588Net Income 2022: -$173,3882022Revenue 2023: $1,127,525Expenses 2023: $1,235,604Net Income 2023: -$108,0792023Revenue 2024: $1,086,760Expenses 2024: $1,466,520Net Income 2024: -$379,7602024

Highlighted filing

2023

Revenue$1,127,525
Expenses$1,235,604
Net Income-$108,079
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$1,127,525
Mission and Program Overview

Mission

Paradigm for parity partners with member companies to develop and promote strategies that transform corporate culture and ensure opportunity for all, by fostering inclusive leadership and advancing individuals of all races, cultures, and backgrounds into positions of shared power and influence.

The paradigm for parity coalition supports companies around the world in achieving their commitment to gender parity including racial equity in corporate leadership.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$644,261$418,622▼ $225,639
Pledges and Grants Receivable$0$115,000▲ $115,000
Prepaid Expenses and Deferred Charges$20,821$43,318▲ $22,497
Land, Buildings, and Equipment, Net$35,401$29,468▼ $5,933
Total Assets$700,483$606,408▼ $94,075
Liabilities
Deferred Revenue$94,250$156,500▲ $62,250
Accounts Payable and Accrued Expenses$60,751$12,505▼ $48,246
Total Liabilities$155,001$169,005▲ $14,004
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$460,958$340,903▼ $120,055
Net Assets With Donor Restrictions$84,524$96,500▲ $11,976
Total Net Assets Fund Balance$545,482$437,403▼ $108,079
Total Liabilities and Net Assets / Fund Balance$700,483$606,408▼ $94,075

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$29,468$6,615-
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Slate Five Concepts LLCConsulting - General Operations, MemberSIX SEDGEWICK VILLAGE LANE, Darien, CT 06820$183,729
Stagwell Media LLP Skdknickerbocker LlCommunications & Marketing1150 18TH STREET SUITE 800, Washington, DC 20036-3845$104,546
Revenue and Support

Revenue Composition

Contributions and Grants
$1,046,500
Program Service Revenue
$0
Investment Income
$3,777
Other Revenue
$77,248
All Other Contributions
$1,046,500
Change in Net Assets
$-108,079

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,127,525
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$462,034
Total Revenue per Audited Statements
$1,589,559
Total Revenue per Form 990
$1,127,525
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,235,604
Total Fundraising Expense$201,185
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$518,019$120,440$42,105$680,564
Information Technology$215,858--$215,858
Advertising$17,693-$156,114$173,807
Fees for Services Accounting-$13,890-$13,890
Depreciation Depletion-$2,967$2,966$5,933
Travel-$5,898-$5,898
Insurance-$3,047-$3,047
Other Expenses$98,791$2,706-$2,706
All Other Expenses-$2,427-$2,427
Fees for Services Legal-$525-$525
Total Functional Expenses$850,361$184,058$201,185$1,235,604

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,697,638
Expenses per Audited Statements$1,235,604
Total Expenses per Form 990$1,235,604
Expenses Not Reported on Form 990$462,034
Expenses Not Reported on Financial Statements$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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

The form 990 in draft form is provided via e-mail to the executive director and finance consultant, who then review it. Once any changes are made, if needed, the treasurer of the board reviews and approves the final draft with the accountants. After the president of the board's approval and filing of the form 990, the tax return is subject to review by the full board.

Form 990, Part VI, Section B, Line 12C

We send out forms that members fill out for conflict of interest

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Paradigm for Parity Inc
EIN
85-2840852
Phone
3323735776
Address
969 FIFTH AVENUE, NEW YORK, NY 10075-1793

Signing Officer

Name
Mihal Nahari
Title
Treasurer
Phone
9178609517
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mihal Nahari
Formed
2020
Legal Domicile
De
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
23

Preparer

Firm
Huselton Morgan & Maultsby Pc
Address
5005 LYNDON B JOHNSON FWY STE 1200, DALLAS, TX 75244
Preparer
Michelle Boozer
Phone
9724041010
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IRS990/OtherRevenueMiscGrp/Desc1ANNUAL MEETING FEES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt042750
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt134498
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt042750
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt134498
IRS990/OtherRevenueTotalAmt077248
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0115000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020821
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt043318
IRS990/PrincipalOfficerNm0MIHAL NAHARI
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0799000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01125588
IRS990/PYOtherRevenueAmt0153200
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-173388
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01125588
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0952200
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-108079
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt077248
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0ANNUAL MEETING FEES - 2021 AMOUNT: $ 13,362. 2022 AMOUNT: $ 21,300. 2023 AMOUNT: $ 34,498. SPONSORSHIP FEES - 2022 AMOUNT: $ 131,900. 2023 AMOUNT: $ 42,750.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01046500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0799000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0859592
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02705092
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03777
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03777
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt077248
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0153200
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt013362
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0243810
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt02111252
IRS990ScheduleA/SubstantialContributorsTotAmt0593840
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01046500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0799000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0859592
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02705092
IRS990ScheduleA/TotalSupportAmt02952679
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/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0462034
IRS990ScheduleD/DonatedServicesUseFcltsAmt0462034
IRS990ScheduleD/ExpensesNotReportedAmt0462034
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01235604
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt029468
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06615
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt036083
IRS990ScheduleD/RevenueNotReportedAmt0462034
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01127525
IRS990ScheduleD/TotalBookValueLandBuildingsAmt029468
IRS990ScheduleD/TotalExpensesPerForm990Amt01235604
IRS990ScheduleD/TotalRevenuePerForm990Amt01127525
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01589559
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01697638
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IN DRAFT FORM IS PROVIDED VIA E-MAIL TO THE EXECUTIVE DIRECTOR AND FINANCE CONSULTANT, WHO THEN REVIEW IT. ONCE ANY CHANGES ARE MADE, IF NEEDED, THE TREASURER OF THE BOARD REVIEWS AND APPROVES THE FINAL DRAFT WITH THE ACCOUNTANTS. AFTER THE PRESIDENT OF THE BOARD'S APPROVAL AND FILING OF THE FORM 990, THE TAX RETURN IS SUBJECT TO REVIEW BY THE FULL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WE SEND OUT FORMS THAT MEMBERS FILL OUT FOR CONFLICT OF INTEREST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0AR
IRS990/StatesWhereCopyOfReturnIsFldCd1CA
IRS990/StatesWhereCopyOfReturnIsFldCd2CO
IRS990/StatesWhereCopyOfReturnIsFldCd3FL
IRS990/StatesWhereCopyOfReturnIsFldCd4IL
IRS990/StatesWhereCopyOfReturnIsFldCd5KY
IRS990/StatesWhereCopyOfReturnIsFldCd6MD
IRS990/StatesWhereCopyOfReturnIsFldCd7MA
IRS990/StatesWhereCopyOfReturnIsFldCd8MN
IRS990/StatesWhereCopyOfReturnIsFldCd9NJ
IRS990/StatesWhereCopyOfReturnIsFldCd10NY
IRS990/StatesWhereCopyOfReturnIsFldCd11NC
IRS990/StatesWhereCopyOfReturnIsFldCd12PA
IRS990/StatesWhereCopyOfReturnIsFldCd13RI
IRS990/StatesWhereCopyOfReturnIsFldCd14TN
IRS990/StatesWhereCopyOfReturnIsFldCd15OH
IRS990/StatesWhereCopyOfReturnIsFldCd16WI
IRS990/StatesWhereCopyOfReturnIsFldCd17CT
IRS990/StatesWhereCopyOfReturnIsFldCd18MI
IRS990/StatesWhereCopyOfReturnIsFldCd19VA
IRS990/StatesWhereCopyOfReturnIsFldCd20ME
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0700483
IRS990/TotalAssetsEOYAmt0606408
IRS990/TotalAssetsGrp/BOYAmt0700483
IRS990/TotalAssetsGrp/EOYAmt0606408
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01046500
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0201185
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0184058
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0850361
IRS990/TotalFunctionalExpensesGrp/TotalAmt01235604
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0155001
IRS990/TotalLiabilitiesEOYAmt0169005
IRS990/TotalLiabilitiesGrp/BOYAmt0155001
IRS990/TotalLiabilitiesGrp/EOYAmt0169005
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0545482
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0437403

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