Paraquad Inc
- Assets
- $28.3m
- Revenue
- $13.1m
- Investments
- $0.0
- Employees
- 95
- Location
- St Louis, MO
- Founding
- 10/1977
- Data as of
- 09/2023
- EIN
- 23-7112449
Organization Overview
Paraquad Inc is located in St Louis, MO. The organization was established in 1977. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 09/2023, Paraquad Inc employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paraquad Inc 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 09/2023, Paraquad Inc generated $13.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $11.9m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PARAQUAD CHAMPIONS EQUITY AND INDEPENDENCE FOR PEOPLE WITH DISABILITIES THROUGH SERVICES, PARTNERSHIPS, EDUCATION, AND ADVOCACY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSUMER DIRECTED SERVICES IS A MEDICAID-BASED PROGRAM THAT PROVIDES PERSONAL CARE ATTENDANT SERVICES TO INDIVIDUALS WITH DISABILITIES, ENABLING THEM TO LIVE WITH GREATER INDEPENDENCE IN THE COMMUNITY, RATHER THAN A NURSING HOME. SERVICES WERE PROVIDED TO 357 CLIENTS.
INDEPENDENT LIVING SERVICES - OUR GUIDING PRINCIPLE AT PARAQUAD IS THE INDEPENDENT LIVING PHILOSOPHY, THE BELIEF THAT PEOPLE WITH DISABILITIES SHOULD INTEGRATE FULLY INTO SOCIETY, HAVE EQUAL OPPORTUNITIES AND MAINTAIN CONTROL OF THEIR LIVES. THE YOUTH & FAMILY STAFF WILL ASSIST YOUTH AND THEIR FAMILY TO EXPLORE THE YOUTH'S GOALS AND THEIR FUTURE. YOUTH & FAMILY SERVICES OFFER VARIOUS WAYS FOR THE YOUTH TO EXPLORE THEIR INDEPENDENCE WITHIN A SAFE AND FRIENDLY ENVIRONMENT. THE PROPER ASSISTIVE TECHNOLOGY CAN HELP PEOPLE WITH DISABILITIES SUCCEED IN WORK AND SCHOOL, STAY ACTIVE AND INVOLVED IN THEIR COMMUNITY, AND CAN BE ESSENTIAL TO MAINTAINING INDEPENDENCE. PARAQUAD'S ASSISTIVE TECHNOLOGY PROGRAM HELPS PEOPLE ACQUIRE AND MAINTAIN THE EQUIPMENT THAT WILL BENEFIT THEM. 1,267 INDIVIDUALS RECEIVED INDEPENDENT LIVING SKILLS TRAINING THROUGH ALL OF PARAQUAD PROGRAMS. INDEPENDENT LIVING ADULT PROGRAM PROVIDED SERVICES TO 55 PARTICIPANTS. THE PEER PROGRAM OFFERED SUPPORT TO 34 PARTICIPANTS. INFORMATION AND REFERRAL SERVICES WERE GIVEN TO 3,094 INDIVIDUALS. 41 YOUTH AND THEIR FAMILIES RECEVED SERVICES THROUGH MONTHLY YOUTH GROUPS, SUMMER CAMPS, EDUCATION ADVOCACY AND TRANSITION SERVICES. 11 PARTICIPANTS USED THE TELEPHONE ACCESS PROGRAM. 257 PARTICIPANTS USED THE ASSISTIVE TECHNOLOGY REUSE PROGRAM. THE AGENCY ADDITIONALLY PROVIDES DONATED EQUIPMENT, SUCH AS WHEELCHAIRS, WALKERS TO INDIVIDUALS IN NEED.
DEAF WAY INTERPRETING SERVICES PROVIDES INTERPRETING SERVICES FOR PEOPLE WHO ARE DEAF AND HARD OF HEARING. THIS PROGRAM WAS TERMINATED IN OCTOBER 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Schumacher Chair | OfficerTrustee | 3 | $0 |
Eric Willis Vice Chair | OfficerTrustee | 3 | $0 |
John Butler Treasurer | OfficerTrustee | 3 | $0 |
Elton Thomas Secretary | OfficerTrustee | 3 | $0 |
Michael Bavisik Director | Trustee | 3 | $0 |
Joseph Bayer Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pernikoff Construction Construction | 9/29/23 | $624,647 |
Pride Restoration Bldg Maint & Repair | 9/29/23 | $265,140 |
Mgb Systems It Outsourcing | 9/29/23 | $207,430 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $159,110 |
| Membership dues | $0 |
| Fundraising events | $327,747 |
| Related organizations | $720,000 |
| Government grants | $9,690,346 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,478,679 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,375,882 |
| Total Program Service Revenue | $568,460 |
| Investment income | $154,255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,564 |
| Net Income from Fundraising Events | -$127,902 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,059,461 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $384,965 |
| Compensation of current officers, directors, key employees. | $311,514 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,416,050 |
| Pension plan accruals and contributions | $29,439 |
| Other employee benefits | $620,199 |
| Payroll taxes | $232,874 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $74,517 |
| Fees for services: Lobbying | $4,486 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,974 |
| Fees for services: Other | $487,714 |
| Advertising and promotion | $17,264 |
| Office expenses | $88,981 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $898,267 |
| Travel | $75,734 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,091 |
| Interest | $65,118 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $270,017 |
| Insurance | $86,975 |
| All other expenses | $0 |
| Total functional expenses | $11,899,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,032,427 |
| Savings and temporary cash investments | $81,574 |
| Pledges and grants receivable | $377,177 |
| Accounts receivable, net | $893,374 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,245,250 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $46,615 |
| Net Land, buildings, and equipment | $1,171,902 |
| Investments—publicly traded securities | $3,519,331 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,916,555 |
| Total assets | $28,284,205 |
| Accounts payable and accrued expenses | $1,012,232 |
| Grants payable | $0 |
| Deferred revenue | $129,891 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,573,881 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $54,302 |
| Total liabilities | $9,770,306 |
| Net assets without donor restrictions | $16,226,413 |
| Net assets with donor restrictions | $2,287,486 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $28,284,205 |