Parmenides Traditional Philosophy Foundation
- Assets
- $2.4m
- Revenue
- $271.0k
- Investments
- $454.7k
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1995
- Data as of
- 06/2022
- EIN
- 13-3787024
Organization Overview
Parmenides Traditional Philosophy Foundation is located in New York, NY. The organization was established in 1995. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Parmenides Traditional Philosophy Foundation 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 06/2022, Parmenides Traditional Philosophy Foundation generated $271.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 55.9% each year . All expenses for the organization totaled $324.6k during the year ending 06/2022. While expenses have increased by 19.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlo Frua DE Angeli President | 25 | $2,400 | |
Massimo Antonaci President | 30 | $4,800 | |
Carlo Frua DE Angeli President | 25 | $2,400 | |
Massimo Antonaci President | 30 | $4,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,435 |
| Interest on Savings | $62,723 |
| Dividends & Interest | $0 |
| Net Rental Income | $20,801 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $3,679 |
| Other Income | $190,147 |
| Total Revenue | $270,984 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $32,530 |
| Taxes | $752 |
| Depreciation | $109,520 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $174,483 |
| Total operating and administrative expenses | $324,485 |
| Contributions, gifts, grants paid | $150 |
| Total expenses and disbursements | $324,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,756 |
| Savings and temporary cash investments | $106,196 |
| 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 | $39,830 |
| Prepaid expenses and deferred charges | $13,815 |
| Net Investments - land, buildings, equipment | $1,689,509 |
| Investments—mortgage loans | $0 |
| Investments—other | $454,661 |
| Net Land, buildings, and equipment | $1,689,509 |
| Other assets | $1,270 |
| Total assets | $2,372,037 |
| Accounts payable and accrued expenses | $5,015 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,858,290 |
| Mortgages and other notes payable | $1,858,290 |
| Other liabilities | $7,750 |
| Total liabilities | $1,871,055 |