Parapsychology Foundation Inc
- Assets
- $373.8k
- Revenue
- $50.6k
- Investments
- $265.0k
- Employees
- 0
- Location
- Greenport, NY
- Founding
- 05/1953
- Data as of
- 12/2022
- EIN
- 13-1677742
Organization Overview
Parapsychology Foundation Inc is located in Greenport, NY. The organization was established in 1953. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parapsychology Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Parapsychology Foundation Inc generated $50.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $347.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LIBRARY IS VERY RENOWNED FOR ITS RESOURCES AND WORK FROM AUTHORITIES IN THE FIELD OF PARAPSYCHOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisette Coly Executive Director | 40 | $125,650 | |
Anthony Fellin Treasurer | 1 | $0 | |
Sandra R Miller VP | 1 | $0 | |
George Robert Damalas Secretary | 1 | $0 | |
Alexa Ridolfi Trustee | 1 | $0 | |
Lori Miller Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $29,841 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,329 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,431 |
| Capital Gain Net Income | $14,431 |
| Net ST Capital Gain | $14,431 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $955 |
| Other Income | $0 |
| Total Revenue | $50,556 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $125,650 |
| Other employee salaries and wages | $52,500 |
| Pension plans, employee benefits | $23,253 |
| Interest | $45 |
| Taxes | $18,951 |
| Depreciation | $2,465 |
| Occupancy | $28,169 |
| Travel, conferences, and meetings | $17,104 |
| Printing and publications | $0 |
| Other expenses | $48,443 |
| Total operating and administrative expenses | $345,680 |
| Contributions, gifts, grants paid | $1,950 |
| Total expenses and disbursements | $347,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,115 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $74,589 |
| Other assets | $4,100 |
| Total assets | $373,848 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,912 |
| Total liabilities | $2,912 |
Grants Awarded
Over the last fiscal year, Parapsychology Foundation Inc has awarded $1,950 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NANCY ZINGRONE PURPOSE: ROGO AWARD | $1,000 |
DR JAMES MATCLOCK PURPOSE: BOOK GRANT TO RICHARDJERNOCK MOVING INC | $950 |