Paraklete Foundation
- Assets
- $586.8k
- Revenue
- $33.8k
- Investments
- $573.6k
- Employees
- 0
- Location
- Sunol, CA
- Founding
- 06/2002
- Data as of
- 12/2023
- EIN
- 94-3374734
Organization Overview
Paraklete Foundation is located in Sunol, CA. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Paraklete 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 12/2023, Paraklete Foundation generated $33.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $21.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Paraklete Foundation has awarded 19 individual grants totaling $126,542. 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
GRANTS TO ORGANIZATIONS INVOLVED IN EDUCATION TRAINING TO FOR LOW ECONOMIC AREAS INDIVIDUALS. SIX GRANTS TO 6 DIFFERENT ORGANIZATIONS IN 2022
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis R Smith Director | 2 | $0 | |
Judith A Smith Secretary | 1 | $0 | |
Kara M Locke Trustee | 0.5 | $0 | |
Charles L Locke Trustee | 0.5 | $0 | |
Anthony C Smith Trustee | 0.5 | $0 | |
Michelle M Smith Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,622 |
| Interest on Savings | $0 |
| Dividends & Interest | $29,371 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$26,201 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20 |
| Total Revenue | $33,812 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $109 |
| Printing and publications | $12 |
| Other expenses | $545 |
| Total operating and administrative expenses | $1,943 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $21,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,133 |
| 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 | $586,752 |
| 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, Paraklete Foundation has awarded $20,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SAN FRANCISCO SITI IMPACT PURPOSE: CLASSROOM COMPUTERS | $10,000 |
SERVANT PARTNERS PURPOSE: GRANT FOR COLLABORATION FOR CHARITABLE ORGANIZATIONS IN COLOMBIA | $5,000 |
HOPE HORIZON EAST PALO ALTO PURPOSE: AT RISK YOUTH SUMMER CAMP | $5,000 |