Paro Family Foundation
- Assets
- $3.8m
- Revenue
- $501.6k
- Investments
- $3.6m
- Employees
- 0
- Location
- Naples, FL
- Founding
- 02/2018
- Data as of
- 06/2023
- EIN
- 82-2146765
Organization Overview
Paro Family Foundation is located in Naples, FL. The organization was established in 2018. 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. Paro Family 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 06/2023, Paro Family Foundation generated $501.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 30.6% each year . All expenses for the organization totaled $220.2k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Paro Family Foundation has awarded 62 individual grants totaling $297,547. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley P Gertz Director | 2 | $0 | |
Valerie M Paro Director | 2 | $0 | |
John J Paro Director | 2 | $0 | |
John A M Paro Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $328,826 |
| Interest on Savings | $3,024 |
| Dividends & Interest | $91,109 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $78,685 |
| Capital Gain Net Income | $78,685 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $501,644 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $24,347 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,854 |
| Total operating and administrative expenses | $56,109 |
| Contributions, gifts, grants paid | $164,100 |
| Total expenses and disbursements | $220,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,214 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,771,121 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Paro Family Foundation has awarded $164,100 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
KING-BRUWAERT HOUSE PURPOSE: GENERAL PURPOSE | $5,000 |
WELLNESS HOUSE PURPOSE: GENERAL PURPOSE | $35,000 |
CLARENDON HILLS INFANT WELFARE PURPOSE: GENERAL PURPOSE | $15,100 |
GUADALUPE CENTER PURPOSE: GENERAL PURPOSE | $32,500 |
YOUNG LIFE IMMOKALEE PURPOSE: GENERAL PURPOSE | $1,000 |
OPERATION DEPLOYED PURPOSE: GENERAL PURPOSE | $1,000 |