Paramount Care Foundation
- Assets
- $601.5k
- Revenue
- $170.9k
- Investments
- $0.0
- Employees
- 7
- Location
- Paramount, CA
- Founding
- 12/2002
- Data as of
- 12/2022
- EIN
- 68-0497737
Organization Overview
Paramount Care Foundation is located in Paramount, CA. The organization was established in 2002. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 12/2022, Paramount Care Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paramount Care 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 12/2022, Paramount Care Foundation generated $170.9k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $144.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE ATTACHED SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFTER SCHOOL PROGRAM (SAY YES) - THE FOUNDATION'S AFTER SCHOOL PROGRAM SERVED 30 STUDENTS DURING 2022. THE PROGRAM WAS IN OPERATION MONDAY THROUGH FRIDAY, FROM 2:45 TO 6:00 PM. STUDENTS PAY A SMALL MONTHLY REGISTRATION FEE TO PARTICIPATE IN THE PROGRAM, AND SCHOLARSHIPS ARE AVAILABLE TO THOSE WHO CANNOT AFFORD THE FEE. ALL DAY STUDENTS ARE SERVED A SNACK, HELPED WITH THEIR ACADEMICS, AND HAVE A RECREATIONAL ACTIVITY. PERIODICALLY THE STUDENTS ARE TAKEN ON FIELD TRIPS. THE FOUNDATION HAD 3 VOLUNTEERS PARTICIPATING IN THE PROGRAM LAST YEAR, WHICH HAS BEEN OPERATING IN THE COMMUNITY OF PARAMOUNT SINCE 2001. FUNDS FROM A GRANT WERE USED FOR RENOVATING THE ROOF ON THE ACTIVITY CENTER HOSTING THE PROGRAM.
PROJECT HOPE (HELPING OTHERS PROVIDE ESSENTIALS) PROVIDES A FUNDAMENTAL SERVICE TO THE PARAMOUNT COMMUNITY BY PROVIDING LOW-INCOME RESIDENTS WITH GROCERIES, CLOTHING, AND OTHER PROVISIONS. THIS PROGRAM BEGAN IN 2002. IN 2022 PROJECT HOPE SERVED APPROXIMATELY 165 FAMILIES AND HAD 18 VOLUNTEERS WHO ASSISTED WITH FOOD DISTRIBUTION AND THE WEEKLY POP-UP STORE (WHERE DONATED ITEMS ARE PROVIDED AT NO COST), AS WELL AS SPECIAL ANNUAL EVENTS. THESE SPECIAL EVENTS INCLUDE SHARE THANKSGIVING, SHARE CHRISTMAS, SHARE EASTER, AND RUNNING START. NEEDY FAMILIES RECEIVE MEALS AND GIFTS FOR CHILDREN. PROJECT HOPE ALSO PROVIDES STUDENTS IN NEED WITH BACKPACKS AND UNIFORM SHIRTS AT A REDUCED COST AS WELL AS NECESSARY SCHOOL SUPLPIES LIKE PAPER, MARKERS, CRAYONS, ERASERS, BINDERS, AND FOLDERS.
DAY CAMP - THE SUMMER DAY CAMP PROGRAM SEEKS TO EXPAND THE EXPERIENCES OF YOUTH WITHIN THE COMMUNITY OF PARAMOUNT BY EXPOSING THEM TO HANDS-ON EXPERIENCES AND LEARNING OPPORTUNITIES THAT ARE NOT READILY AVAILABLE THROUGH THEIR SCHOOLS. SUMMER DAY CAMP RUNS FOR 9 WEEKS FROM LATE JUNE THROUGH THE END OF AUGUST. CHILDREN ARE GIVEN UNIQUE OPPORTUNITIES TO LEARN ABOUT ART, MUSIC, HISTORY, WILDLIFE, SCIENCE, AND THE ENVIRONMENT IN PRODUCTIVE AND EXCITING EDUCATIONAL SETTINGS. IN ADDITION TO LEARNING ABOUT THESE SUBJECTS, THE CHILDREN WITHIN THE PROGRAM CAN PERSONALLY EXPERIENCE THEM THROUGH VARIOUS FIELD TRIPS AND ACTIVITIES. 38% OF THE CHILDREN ARE HISPANIC, 5% ARE AFRICAN AMERICAN, 55% ARE CAUCASIAN, AND 2% ARE ASIAN. IN 2022 THE SUMMER DAY CAMP SERVED 127 STUDENTS WHO PAY A WEEKLY REGISTRATION FEE TO HELP COVER SOME OF THE COSTS. SCHOLARSHIPS ARE ALSO AVAILABLE TO THOSE WHO CANNOT AFFORD THE FEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Williams President | OfficerTrustee | 1 | $0 |
Jill Gutierrez Treasurer | OfficerTrustee | 1 | $0 |
Ruth Zymkowitz Secretary | OfficerTrustee | 5 | $0 |
Mike Demaster Board Member | Trustee | 1 | $0 |
Kathy Bynum Board Member | Trustee | 1 | $0 |
William Stram Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $142,929 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $157,929 |
| Total Program Service Revenue | $24,170 |
| Investment income | $8,787 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$20,003 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $170,883 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,524 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,035 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $16 |
| Information technology | $1,126 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $770 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $165 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,013 |
| All other expenses | $365 |
| Total functional expenses | $144,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,256 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $366,268 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $601,524 |
| Accounts payable and accrued expenses | $0 |
| 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 | $559 |
| Total liabilities | $559 |
| Net assets without donor restrictions | $529,744 |
| Net assets with donor restrictions | $71,221 |
| 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 | $601,524 |