Project Paradigm
- Assets
- $7.8m
- Revenue
- $188.6k
- Investments
- $6.1m
- Employees
- 0
- Location
- Pacific Palisades, CA
- Founding
- 12/2012
- Data as of
- 07/2023
- EIN
- 27-1444039
Organization Overview
Project Paradigm is located in Pacific Palisades, CA. The organization was established in 2012. 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. Project Paradigm 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 07/2023, Project Paradigm generated $188.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.2%) each year. All expenses for the organization totaled $208.7k during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (11.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PARADIGM CHALLENGE: THE PARADIGM CHALLENGE IS AN INNOVATION COMPETITION THAT INSPIRES YOUTH AGED 4 TO 18 TO USE STEM SKILLS PLUS KINDNESS, CREATIVITY, AND COLLABORATION TO HELP SOLVE IMPORTANT PROBLEMS. MORE THAN 100,000 YOUTH HAVE PARTICIPATED SO FAR. THE FIRST ANNUAL CHALLENGE INVITED YOUTH TO CREATE NEW WAYS TO REDUCE INJURIES AND FATALITIES FROM HOME FIRES, THE SECOND ANNUAL CHALLENGE INVITED YOUTH TO GENERATE NEW IDEAS TO REDUCE WASTE. THE THIRD ANNUAL CHALLENGE INVITES YOUTH TO SUBMIT IDEAS TO IMPROVE PERSONAL HEALTH THROUGH WELLNESS AND/OR HEALING. THE FOURTH ANNUAL CHALLENGE SEEKS IDEAS TO IMPROVE FOOD SECURITY AND/OR ADDRESS ANY OF THE THREE PRIOR CHALLENGE TOPICS. THE FIFTH CHALLENGE, AS WELL AS THE CURRENT CHALLENGE, SEEKS IDEAS TO IMPROVE BIODIVERSITY AND/OR ANY OF THE FIRST FOUR CHALLENGE PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey L Richardson President, Board Chair | 30 | $41,732 | |
John G Crabtree Cfo, Director | 3 | $0 | |
Jennifer Dulay Secretary, Director | 1 | $0 | |
Mark Morrison Director | 1 | $0 | |
Matt J Railo Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $166,924 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,675 |
| Capital Gain Net Income | $21,675 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $188,599 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $41,732 |
| Other employee salaries and wages | $26,458 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,764 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $41,845 |
| Total operating and administrative expenses | $200,007 |
| Contributions, gifts, grants paid | $8,670 |
| Total expenses and disbursements | $208,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $201,690 |
| 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 | $1,473,212 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,085,970 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,760,872 |
| 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, Project Paradigm has awarded $8,670 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ANNA P PURPOSE: PRIZE | $50 |
GITANJALI R PURPOSE: PRIZE | $500 |
SEGAL V PURPOSE: PRIZE | $3,120 |
LUCIA S PURPOSE: PRIZE | $2,500 |
THAIS S PURPOSE: PRIZE | $2,500 |