Nonprofit · EIN 92-2748588
PARACHUTE PROJECT INC
Tax-exempt · BROOKLYN, NY 11249
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $226,311 | $254,649 | -$28,338 | $27,015 | $638 | $26,377 |
| December 31, 2023 | 990-EZ | $159,951 | $110,669 | $49,282 | $45,551 | $0 | $49,381 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $226,311
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $104,091
- Other salaries and wages
- $47,700
- Salaries, compensation and benefits (total)
- $182,635
- Professional fundraising fees
- $0
- Legal fees
- $3,365
- Accounting fees
- $9,534
- Travel
- $5,235
- Program services (functional)
- $254,649
Balance sheet and other
- Total assets, start of year
- $45,551
- Total assets, end of year
- $27,015
- Total liabilities, end of year
- $638
- Net assets, end of year
- $26,377
- Gross receipts
- $226,311
- Employees
- 0
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Donal Collins | Executive Dir. Officer | 40 | $104,091 |
| Sampei Omichi | President Trustee or director | 0 | $0 |
990-EZ for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Sara Ahmed | Executive Director | 40 | $120,000 | $4,639 |
| Sampei Omichi | President | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 134 NORTH 4TH ST 2ND FLOOR OFC 2168, BROOKLYN, NY 11249-3296
- In care of
- % SAMPEI OMICHI
- Principal officer (990 for 2024)
- Sampei Omichi, 105 N 13th St STE 401, Brooklyn, NY 11249
- Signed the 990
- Sampei Omichi, President
- Return prepared by
- Solsbery CPA LLC
Mission
The Parachute Project program opens pathways for global talent to contribute to the United States economy by training the future U.S. workforce. We help global talent and their employers secure H-1B visas without the unpredictability of the lottery. At the heart of our mission are former international students and professionals. We believe they hold the key to enriching the U.S. education system for students across the country.
Program accomplishments
- One-on-One Hyper-Specialized Mentorship: Onboarded 935 university students from NYU, Case Western Reserve University, and Soka University to connect with mentors across tech, finance, and healthcare. Students booked 559 30 minute calls; 9.5% booked three or more sessions, indicating ongoing engagement.Expenses $254,649
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 92-2748588
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B80)
- Assets (IRS master file)
- $27,015
- Income (IRS master file)
- $226,311
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $226,311 | $254,649 | $27,015 | XML |
| 990-EZ | December 2023 | $159,951 | $110,669 | $45,551 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 92-2748588).
Questions about PARACHUTE PROJECT INC
- What is the EIN of PARACHUTE PROJECT INC?
- The employer identification number (EIN) of PARACHUTE PROJECT INC is 92-2748588.
- Is PARACHUTE PROJECT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to PARACHUTE PROJECT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PARACHUTE PROJECT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PARACHUTE PROJECT INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PARACHUTE PROJECT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PARACHUTE PROJECT INC?
- The 990 for the year ended December 31, 2024 names Sampei Omichi.
- Who are the officers and directors of PARACHUTE PROJECT INC?
- The 990 for the year ended December 31, 2024 lists 2 people; 1 received compensation from the organization, the highest $104,091 (Donal Collins, Executive Dir.).
- How much revenue does PARACHUTE PROJECT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $226,311, expenses of $254,649 and total assets of $27,015 at year end.
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