Parity Inc
- Assets
- $598.6k
- Revenue
- $155.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Dayton, OH
- Founding
- 12/1993
- Data as of
- 12/2021
- EIN
- 31-1345623
Organization Overview
Parity Inc is located in Dayton, OH. The organization was established in 1993. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Parity Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parity 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 12/2021, Parity Inc generated $155.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $164.7k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADVOCATING SELF-SUFFICIENCY AND COLLABORATION WITH COMMUNITY PARTNERS TO TEACH, TRAIN AND SERVE THE AFRICAN AMERICAN COMMUNITY BY PROVIDING A MENTORING PROGRAM FOR URBAN MIDDLE SCHOOL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A MENTORING PROGRAM FOR URBAN MIDDLE SCHOOL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Wright Chief Executive Officer | Officer | 40 | $56,160 |
Joseph Gordon Secretary | OfficerTrustee | 1 | $0 |
Latonia J Mccane Co-Chair | OfficerTrustee | 1 | $0 |
Dr Edmund H Moore Co-Chair | OfficerTrustee | 1 | $0 |
Brian Sanders Treasurer | OfficerTrustee | 1 | $0 |
William Gillispie Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $15,220 |
| Related organizations | $0 |
| Government grants | $66,379 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,870 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,469 |
| Total Program Service Revenue | $41,250 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,910 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $155,041 |
| 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. | $56,160 |
| Compensation of current officers, directors, key employees. | $8,424 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,943 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,223 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,097 |
| Advertising and promotion | $0 |
| Office expenses | $184 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,806 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,154 |
| All other expenses | $2,104 |
| Total functional expenses | $164,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,990 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,400 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,964 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $504,209 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $598,563 |
| Accounts payable and accrued expenses | $11,544 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,544 |
| Net assets without donor restrictions | $587,019 |
| Net assets with donor restrictions | $0 |
| 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 | $598,563 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Parity Inc has recieved totaling $27,290.
| Awarding Organization | Amount |
|---|---|
Dayton Foundation Dayton, OH PURPOSE: VARIOUS PROJECTS | $27,290 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Croatian Fraternal Union Of America Pittsburgh, PA | $510,702,838 | $49,525,633 |
Asociacion Puertorriquenos En Marcha Inc Philadelphia, PA | $27,252,719 | $29,564,021 |
Arab American And Chaldean Council Troy, MI | $8,630,669 | $15,092,371 |
Nationalities Service Center Of Philadelphia Philadelphia, PA | $6,008,905 | $13,342,474 |
Lch Health And Community Services Kennett Square, PA | $6,724,367 | $8,909,074 |
Hias And Council Migration Service Of Philadelphia Inc Philadelphia, PA | $6,751,198 | $6,830,316 |
Asian Services In Action Inc Akron, OH | $3,625,335 | $5,907,742 |
Aclamo Norristown, PA | $978,661 | $4,856,819 |
Us Together Inc Columbus, OH | $985,790 | $3,702,969 |
Exodus Refugee Immigration Inc Indianapolis, IN | $2,775,622 | $4,589,376 |
Hispanic American Organization Inc Allentown, PA | $4,490,641 | $3,194,096 |
Southeast Asian Maa Coalition Inc Philadelphia, PA | $3,028,639 | $3,544,342 |