Pararescue Foundation
- Assets
- $174.9k
- Revenue
- $232.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Hillsborough, NC
- Founding
- 07/2016
- Data as of
- 12/2021
- EIN
- 81-1692762
Organization Overview
Pararescue Foundation is located in Hillsborough, NC. The organization was established in 2016. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pararescue 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 12/2021, Pararescue Foundation generated $232.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $190.4k during the year ending 12/2021. While expenses have increased by 21.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
TO SUPPORT THE US AIR FORCE PARARESCUE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESILIENCE: PHYSICAL AND PYSCHOLOGICAL TREATMENT THAT HELPS WITH INJURY PREVENTION AND REHABILITATION. THE RESILIENCY PROGRAM PROVIDES RELIEF FROM THE PHYSICAL OR INVISIBLE WOUNDS BORNE BY SERVICE MEMBERS, VETERANS AND THEIR FAMILIES.
LEGACY PRESERVATION: FOR CEREMONIES AND MEMORIALS THAT HONOR THE COMMITMENT AND SACRIFICE. THROUGH PHYSICAL MEMORIALS, RECOGNITION CEREMONIES, AND RECORDING OF HISTORICAL EVENTS, THE LEGACY PRESERVATION PROGRAM SEEKS TO HONOR THOSE COMMITTED TO THE PARARESCUE CODE AND MOTTO: "THESE THINGS WE DO, THAT OTHERS MAY LIVE."
TRAGEDY SUPPORT: WHEN A COMMUNITY MEMBER IS KILLED OR SEVERELY INJURED, THE TRAGEDY ASSISTANCE PROGRAM PROVIDES FINANCIAL AND LOGISTICAL SUPPORT TO THE FAMILIES OF SERVICE MEMBERS WHO ARE KILLED OR SEVERELY INJURED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Kestranek Treasurer | OfficerTrustee | 5 | $0 |
Michael Jones President & | OfficerTrustee | 5 | $0 |
Anthony Negron Secretary | OfficerTrustee | 5 | $0 |
Ron Lennis Executive Di | Officer | 40 | $0 |
Dominic Luke Director | Trustee | 5 | $0 |
Steven Goodman Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $216,988 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $216,988 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15,532 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $232,520 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $796 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,015 |
| Office expenses | $3,284 |
| Information technology | $7,226 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $552 |
| All other expenses | $0 |
| Total functional expenses | $190,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,494 |
| Savings and temporary cash investments | $2,505 |
| 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 | $12,913 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $174,912 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $174,912 |
| 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 | $174,912 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Pararescue Foundation has recieved totaling $24,856.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $17,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,356 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Telamon Corporation Raleigh, NC | $28,971,791 | $85,006,099 |
Pruitt Corporation Employee Welfare Norcross, GA | $5,026,472 | $52,038,649 |
Palmetto Goodwill North Charleston, SC | $100,114,143 | $50,949,954 |
Helping Hands Ministries Inc Tallulah Falls, GA | $3,673,283 | $41,819,921 |
Bremen Food & Clothing Bank Inc Bremen, GA | $515,496 | $35,921,408 |
Navy Marine Coast Guard Residence Foundation Mclean, VA | $169,576,374 | $36,329,894 |
Southwest Georgia Community Action Council Inc Moultrie, GA | $11,357,621 | $35,023,890 |
Mid-Cumberland Human Resource Agency Nashville, TN | $16,634,342 | $31,822,877 |
Must Ministries Inc Marietta, GA | $38,621,848 | $35,481,764 |
Inter-Faith Food Shuttle Raleigh, NC | $8,299,507 | $23,329,525 |
Total Action Against Poverty In Roanoke Valley Roanoke, VA | $8,696,425 | $23,450,227 |
Enrichment Services Program Incorporated Columbus, GA | $4,122,189 | $23,954,834 |