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EIN 84-1767763

The Parachute Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Minnetonka
State
Minnesota
Year formed
2019
Most recent tax filings
2022-12-01
NTEE code, primary
T12: Philanthropy, Voluntarism and Grantmaking Foundations Fund Raising and Fund Distribution
Description
The Parachute Foundation supports families during early recovery by funding early stage recovery organizations to aid the individual and provide comprehensive family support during the healing and recovery process.
Total revenues
$277,936
2022
Total expenses
$277,507
2022
Total assets
$55,235
2022
Num. employees
0
2022

Program areas at The Parachute Foundation

Fund early stage recovery organizations to aid The individual and provide comprehensive family support during The healing and recovery process

Grants made by The Parachute Foundation

GranteeGrant descriptionAmount
University of Minnesota Health Clinics and Surgery CenterHelp Families of Addiction Defra Costs$24,065

Who funds The Parachute Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Leslye H Phillips Family FoundationProgram Support$205,000

Personnel at The Parachute Foundation

NameTitleCompensation
Paul GielPresident$20,827
Joseph W HuttonSecretary$0
Rick DeslauriersTreasurer$0

Financials for The Parachute Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$277,686
Program services$0
Investment income and dividends$250
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$277,936

Form 990s for The Parachute Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-15990View PDF
Data update history
January 3, 2024
Received grants
Identified 1 new grant, including a grant for $205,000 from Leslye H Phillips Family Foundation
July 20, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 3, 2023
Updated personnel
Identified 3 new personnel
June 29, 2023
Used new vendors
Identified 1 new vendor, including
May 23, 2023
Received grants
Identified 3 new grant, including a grant for $155,000 from Leslye H Phillips Family Foundation
Nonprofit Types
Grantmaking organizationsCharities
Issues
No issues found
Characteristics
Partially liquidatedFundraising eventsFundraising races, competitions, and tournamentsTax deductible donationsNo full-time employees
General information
Address
6110 Blue Dr Ste 280
Minnetonka, MN 55343
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
Website URL
parachutefoundation.org/ 
IRS details
EIN
84-1767763
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2019
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T12: Philanthropy, Voluntarism and Grantmaking Foundations Fund Raising and Fund Distribution
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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