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Nonprofit · EIN 85-1216282

PARAGON INSTITUTE OF INNOVATION

Tax-exempt · SACRAMENTO, CA 95811

Financials

$314K$403K2023$18K$35K2024
Revenue Expenses · by fiscal year end
Financials of PARAGON INSTITUTE OF INNOVATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$18,089$35,094-$17,005$1,090,536$512,290$578,246
December 31, 2023990$313,627$402,661-$89,034$1,107,041$512,290$594,751
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$0
Net income from fundraising events
$18,089
Other revenue
$18,089

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$5,021
Accounting fees
$1,500
Travel
$691
Depreciation
$15,993
Program services (functional)
$1,952
Management and general (functional)
$33,142

Balance sheet and other

Total assets, start of year
$1,107,041
Total assets, end of year
$1,090,536
Total liabilities, end of year
$512,290
Net assets, end of year
$578,246
Land, buildings and equipment
$1,070,544
Net assets without donor restrictions
$578,246
Gross receipts
$18,089
Employees
0
Year formed
2020
State of legal domicile
CA

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.

NameTitleHours / weekCompensation
MICHELLE GONZALEZExecutive Dir.
Trustee or director
0$0
PETE ANTICOSecretary/TREAS
Trustee or director
0$0
PEIPEI ALENA YUANDIR COMM OUTREA
Trustee or director
0$0
BRIAN HANFORDDIR COMMUNICATI
Trustee or director
0$0
ELIE DAHERDIR OPERATIONS
Trustee or director
0$0
DR VALERIE THOMASDIR INNOVATION
Trustee or director
0$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
MICHELLE GONZALEZExecutive Dir.
Trustee or director
0$0
PETE ANTICOSecretary/TREAS
Trustee or director
0$0
PEIPEI ALENA YUANDIR COMM OUTREA
Trustee or director
0$0
BRIAN HANFORDDIR COMMUNICATI
Trustee or director
0$0
ELIE DAHERDIR OPERATIONS
Trustee or director
0$0
DR VALERIE THOMASDIR INNOVATION
Trustee or director
0$0

Address and contacts

Address (IRS master file)
1401 21ST STREET SUITE R, SACRAMENTO, CA 95811-5226
In care of
% MICHELLE GONZALEZ
Mailing address (990-N for 2020)
11622 Oxnard St, North Hollywood CA 91606
Principal officer (990 for 2024)
EXECUTIVE DIRECTOR
Principal officer (990-N for 2020)
Michelle Gonzalez, 11622 Oxnard St, North Hollywood CA 91606
Signed the 990
MICHELLE GONZALEZ, Executive Dir.
Phone
(305) 753-8431
Return prepared by
Mark G McNelis & Associates CPAs Inc

California records

California keeps its own records of charities and corporations. Search them by EIN 85-1216282 or by the name PARAGON INSTITUTE OF INNOVATION.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

THE CORPORATION IS A NONPROFIT PUBLIC BENEFIT CORPORATION AND IS NOT ORGANIZED FOR THE PRIVATE GAIN OF ANY PERSON. IT IS ORGANIZED UNDER THE NONPROFIT PUBLIC BENEFIT CORPORATION LAW FOR PUBLIC AND CHARITABLE PURPOSES.THE SPECIFIC PURPOSE OF THE CORPORATION IS TO CULTIVATE THE NEXT WAVE OF BRILLIANT MINDS THROUGH THINK TANK PROJECTS FOR SCIENCE, TECHNOLOGIES AND ECONOMIC DEVELOPMENT.

990 for the year ended December 31, 2024

Program accomplishments

  • THE CORPORATION IS A NONPROFIT PUBLIC BENEFIT CORPORATION AND IS NOT ORGANIZED FOR THE PRIVATE GAIN OF ANY PERSON. IT IS ORGANIZED UNDER THE NONPROFIT PUBLIC BENEFIT CORPORATION LAW FOR PUBLIC AND CHARITABLE PURPOSES.THE SPECIFIC PURPOSE OF THE CORPORATION IS TO CULTIVATE THE NEXT WAVE OF BRILLIANT MINDS THROUGH THINK TANK PROJECTS FOR SCIENCE, TECHNOLOGIES AND ECONOMIC DEVELOPMENT.
    Expenses $1,952

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
85-1216282
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
2020
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$1,090,536
Income (IRS master file)
$18,089

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$18,089$35,094$1,090,536IRS
990December 2023$313,627$402,661$1,107,041XML
990December 2022$475,154$550,701$1,239,308IRS
990December 2021–––IRS
990-N for 2020
Officer: Michelle Gonzalez
December 31, 2020≤ $50,000 receipts––e-Postcard

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 85-1216282).

Questions about PARAGON INSTITUTE OF INNOVATION

What is the EIN of PARAGON INSTITUTE OF INNOVATION?
The employer identification number (EIN) of PARAGON INSTITUTE OF INNOVATION is 85-1216282.
Is PARAGON INSTITUTE OF INNOVATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to PARAGON INSTITUTE OF INNOVATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PARAGON INSTITUTE OF INNOVATION file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of PARAGON INSTITUTE OF INNOVATION 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 PARAGON INSTITUTE OF INNOVATION 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 PARAGON INSTITUTE OF INNOVATION?
The 990 for the year ended December 31, 2024 names EXECUTIVE DIRECTOR.
Who are the officers and directors of PARAGON INSTITUTE OF INNOVATION?
The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does PARAGON INSTITUTE OF INNOVATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $18,089, expenses of $35,094 and total assets of $1,090,536 at year end.

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