THE PARACHUTE FOUNDATION
Revoked

THE PARACHUTE FOUNDATION
Revoked

Minnetonka, MN, US
501(c)3
EIN
84-1767763
Fund Raising & Fund Distribution

THE PARACHUTE FOUNDATION
Revoked

Minnetonka, MN, US
501(c)3
EIN
84-1767763
Fund Raising & Fund Distribution

Overview

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Est.

2019

Fiscal Year Start

Jan 1

Organization Type

Grantseeker
AI Summary
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The Parachute Foundation, identified by EIN 84-1767763, is a nonprofit organization dedicated to supporting families during early recovery, primarily in the health sector. With an operating budget of $207.1K and total revenue of $207.9K for the filing year 2024, the organization relies on various funding sources, none of which account for 50% or more of its revenue. More information can be found on their website, parachutefoundation.org.

Mission Statement

SUPPORT FAMILIES DURING EARLY RECOVERY
Revenues

$207.9K

Expenses

$230.3K

Net Income:
-$22.5K
Assets

$19.4K

Liabilities

$0

Net Assets:
+$19.4K
Operating Budget

$207.1K

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Listed as revoked
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Total No. of Grants

1

Median grant size
$160K
Largest grant received
$160K
P
Paul Giel Jr
Board Member
J
Joseph W Hutton
Board Member
R
Rick Deslauriers
Board Member

Frequently Asked Questions

What is THE PARACHUTE FOUNDATION’s budget?
In 2024, THE PARACHUTE FOUNDATION reported an annual operating budget of around $207 thousand. More detailed financial information is available to registered users.
What causes does THE PARACHUTE FOUNDATION support?
THE PARACHUTE FOUNDATION supports work in Health.
Where does THE PARACHUTE FOUNDATION operate?
THE PARACHUTE FOUNDATION is headquartered in Minnetonka, MN.
Who funded THE PARACHUTE FOUNDATION recently?
In 2025, THE PARACHUTE FOUNDATION received grants from AMERICAN ONLINE GIVING FOUNDATION INC, LESLYE H PHILLIPS FAMILY FOUNDATION, and LESLYE H PHILLIPS FAMILY FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant THE PARACHUTE FOUNDATION received in 2024?
The largest grant to THE PARACHUTE FOUNDATION in 2024 exceeds $160 thousand.
Overview
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