Mission
SUPPORT FAMILIES DURING EARLY RECOVERY
Public Charity
THE PARACHUTE FOUNDATION
THE PARACHUTE FOUNDATION is a nonprofit organization categorized as Public Charity based in MINNETONKA, MN. Its most recent IRS filing (2024) reports revenue of $208K, expenses of $230K, total assets of $19K. Imperigo tracks 2 reported grant relationships connected to this organization totaling approximately $21K.
EIN: 841767763
MINNETONKA, MN
Fund Raising & Fund Distribution
NTEE: E12
Latest filing: 2024
Total Revenue$208K
Total Expenses$230K
Total Assets$19K
Grant Records2
Funding Total$21K
Filing Years2022–2024
Where $100 goes at The Parachute Foundation
How The Parachute Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 3 years.
$12
Programs
the work itself
$80
Management
running the organization
$8
Fundraising
raising the next dollar
Inside the $12 for programs
$12
Fund early stage recovery organizations to aid the individual and provide comprehensive family support during the healing and recovery process
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
GENERAL SUPPORT
$10,300
GENERAL SUPPORT
$10,300
Showing up to 5 of 2 total records — full history available with membership.
Officers & Directors
SECRETARY
Joseph W Hutton
PRESIDENT
Paul Giel Jr
TREASURER
Rick Deslauriers
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $208K | $230K | $19K |
| 2023 | $217K | $229K | $42K |
| 2022 | $278K | $278K | $55K |
Between 2022 and 2024, reported annual revenue declined from $278K to $208K (-25%), with total assets most recently reported at $19K.
Interactive year-over-year charts and full filing details available with membership.