Parallel Partners Group Inc
- Assets
- $98.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Essex Fells, NJ
- Founding
- 06/2017
- Data as of
- 12/2022
- EIN
- 81-5428363
Organization Overview
Parallel Partners Group Inc is located in Essex Fells, NJ. The organization was established in 2017. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parallel Partners Group 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 12/2022, Parallel Partners Group Inc generated $155.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $128.7k during the year ending 12/2022. While expenses have increased by 3.1% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
NY MEDIA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David C Andersen CEO | 40 | $84,500 | |
Sonya Mcnair President | 30 | $22,577 | |
Ed Morgan Executive VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $155,207 |
| Total Program Service Revenue | $0 |
| Membership dues | $5 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $155,212 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $107,077 |
| Professional fees and other payments to independent contractors | $1,775 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $130 |
| Other expenses | $19,721 |
| Total expenses | $128,703 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $98,514 |
| Other assets | $0 |
| Total assets | $98,514 |
| Total liabilities | $52 |
| Net assets or fund balances | $98,462 |