The Paros Foundation
- Assets
- $360.9k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Berkeley, CA
- Founding
- 05/2008
- Data as of
- 12/2021
- EIN
- 20-5094630
Organization Overview
The Paros Foundation is located in Berkeley, CA. The organization was established in 2008. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Paros 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 12/2021, Paros Foundation generated $1.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 13.5% per year over the past 6 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.
Since 2015, Paros Foundation has awarded 21 individual grants totaling $4,475,138. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT NOR LUYCE AND ITS CHARITABLE ACTIVITIES
TO SUPPORT THE MANANA YOUTH EDUCATIONAL CULTURAL CENTER AND ITS CHARITABLE ACTIVITIES
TO SUPPORT THE PAROS PROJECT AND ITS CHARITABLE ACTIVITIES
TO SUPPORT GHOGHANJ AND ITS CHARITABLE ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Parseh Abajian Director | 40 | $160,000 | |
Narine Panosian Deputy Director | 40 | $56,333 | |
Roger A Strauch President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,685,762 |
| Interest on Savings | $40 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $881 |
| Capital Gain Net Income | $76,870 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,686,683 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $160,000 |
| Other employee salaries and wages | $83,933 |
| Pension plans, employee benefits | $13,714 |
| Interest | $0 |
| Taxes | $18,350 |
| Depreciation | $0 |
| Occupancy | $18 |
| Travel, conferences, and meetings | $24,762 |
| Printing and publications | $0 |
| Other expenses | $118,643 |
| Total operating and administrative expenses | $458,272 |
| Contributions, gifts, grants paid | $1,517,317 |
| Total expenses and disbursements | $1,975,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $311,893 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $12,192 |
| Net Pledges Receivable | $0 |
| Grants receivable | $6,528 |
| 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 | $28,170 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,148 |
| Other assets | $0 |
| Total assets | $360,931 |
| Accounts payable and accrued expenses | $2,070 |
| 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 | $2,450 |
| Total liabilities | $4,520 |
Grants Awarded
Over the last fiscal year, The Paros Foundation has awarded $1,517,317 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE PAROS 100 PROJECT PURPOSE: CHARITABLE CONTRIBUTION | $1,466,257 |
MANANA PURPOSE: CHARITABLE CONTRIBUTION | $17,800 |
NOR LUYCE PURPOSE: CHARITABLE CONTRIBUTION | $17,152 |
GHOGHANJ CHILDREN'S CENTER PURPOSE: CHARITABLE CONTRIBUTION | $16,108 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that The Paros Foundation has recieved totaling $528,673.
| Awarding Organization | Amount |
|---|---|
The@mosse Foundation Berkeley, CA PURPOSE: CHARITABLE ORGANIZATION - SEE ATTACHED EXPENDITURE REPORT | $329,423 |
John Mirak Foundation Arlington, MA PURPOSE: GENERAL PURPOSE | $50,000 |
Cherchian Family Foundation Inc Hartland, WI PURPOSE: GENERAL FUND | $35,000 |
United Armenian Charities Inc New York, NY PURPOSE: RAISE AWARENESS OF ARMENIAN CULTURE AND PROMITE IT ON THE WORLD STAGE | $35,000 |
United Armenian Charities Inc New York, NY PURPOSE: RAISE AWARENESS OF ARMENIAN CULTURE AND PROMITE IT ON THE WORLD STAGE | $26,000 |
United Armenian Charities Inc New York, NY PURPOSE: RAISE AWARENESS OF ARMENIAN CULTURE AND PROMITE IT ON THE WORLD STAGE | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neighborhood Partnerships Inc Portland, OR | $30,268,238 | $16,325,065 |
Coalition Of Homeless Services Providers Seaside, CA | $4,824,470 | $13,798,349 |
Applied Materials Foundation Santa Clara, CA | $3,893,946 | $2,033,120 |
Cal Poly Pomona Philanthropic Foundation Pomona, CA | $212,751,456 | $20,250,176 |
Intuitive Foundation Sunnyvale, CA | $66,087,520 | $30,041,225 |
Cal State Fullerton Philanthropic Foundation Fullerton, CA | $185,411,080 | $61,222,330 |
The Center For Common Concerns Inc San Francisco, CA | $4,578,561 | $9,221,724 |
Lacentra-Sumerlin Foundation Santa Barbara, CA | $23,655,418 | $9,034,857 |
Nevada H A N D Inc Las Vegas, NV | $77,122,058 | $13,558,861 |
Los Angeles Brotherhood Crusade - Black United Fund Inc Los Angeles, CA | $11,518,152 | $7,122,704 |
Ninos Latinos Unidos Foster Family Agency Bellflower, CA | $3,255,645 | $6,207,449 |
Earn Inc San Francisco, CA | $4,666,013 | $6,096,745 |