Simple Paradox Union
- Assets
- $2.9m
- Revenue
- $41.0k
- Investments
- $2.9m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2023
- EIN
- 87-2284823
Organization Overview
Simple Paradox Union is located in Wilmington, DE. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Simple Paradox Union 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 12/2023, Simple Paradox Union generated $41.0k in total revenue. All expenses for the organization totaled $118.6k during the year ending 12/2023.
Since 2022, Simple Paradox Union has awarded 25 individual grants totaling $108,750. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Frankola Dir, Pres | 1 | $0 | |
Pamela D Frankola Dir, Sec, Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $84 |
| Dividends & Interest | $80,809 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$39,886 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,007 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,451 |
| Total operating and administrative expenses | $23,327 |
| Contributions, gifts, grants paid | $95,250 |
| Total expenses and disbursements | $118,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,180 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,928,658 |
| 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, Simple Paradox Union has awarded $95,250 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN NATIONAL RED CROSS PURPOSE: EARTHQUAKE RELIEF FUNDS FOR TURKEY AND SYRIA | $1,000 |
AMYOTROPHIC LATERAL SCLEROSIS ASSN PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
BOROUGH OF WYOMISSING PURPOSE: TO PURCHASE WATER FOUNTAIN FOR PARK | $7,500 |
FAITH LUTHERAN CHURCH PURPOSE: GENERAL & UNRESTRICTED | $200 |
FIDELITY INVESTMENTS CHARITABLE GIFT FUND PURPOSE: FRANKOLA FAMILY FUND | $60,000 |
FRIENDS OF THE ALOHA VICKERY TRAIL PURPOSE: GENERAL & UNRESTRICTED | $500 |