Nonprofit · EIN 85-1859235
PARASOL COOPERATIVE FOUNDATION
Tax-exempt · HILLSBOROUGH, NJ 08844
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $195,264 | $267,473 | -$72,209 | $2,471 | $258,496 | -$256,025 |
| December 31, 2023 | 990-EZ | $32,020 | $282,021 | -$250,001 | $2,541 | $185,476 | -$182,935 |
| December 31, 2022 | 990-EZ (amended) | $3,164 | $13,239 | -$10,075 | $67,066 | $0 | $67,066 |
| December 31, 2021 | 990-EZ (amended) | $84,610 | $9,616 | $74,994 | $77,141 | $0 | $77,141 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $194,926
- Program service revenue
- $0
- Investment income
- $0
- Net income from sales of inventory
- $338
- Other revenue
- $338
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $60,601
- Salaries, compensation and benefits (total)
- $60,601
- Professional fundraising fees
- $0
- Legal fees
- $316
- Accounting fees
- $630
- Travel
- $8,535
- Program services (functional)
- $203,072
- Management and general (functional)
- $37,596
- Fundraising (functional)
- $26,805
Balance sheet and other
- Total assets, start of year
- $2,541
- Total assets, end of year
- $2,471
- Total liabilities, end of year
- $258,496
- Net assets, end of year
- -$256,025
- Net assets without donor restrictions
- -$256,025
- Gross receipts
- $195,264
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2020
- State of legal domicile
- DE
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 |
|---|---|---|---|
| SANDY SKELANEY | DIRECTOR/COO Trustee or director, Officer | 40 | $60,601 |
| MEGHANA SHAH | DIRECTOR/CEO Trustee or director, Officer | 40 | $0 |
| LISE-MARIE GIOVINETTI | SECRETARY Trustee or director, Officer | 20 | $0 |
| TARUNA MITAL | TREASURER Trustee or director, Officer | 5 | $0 |
| DEREK BENZ | DIRECTOR Trustee or director | 5 | $0 |
| BENNETT MORRISON | DIRECTOR Trustee or director | 5 | $0 |
| DANELLE DILIBERO | DIRECTOR Trustee or director | 5 | $0 |
| ERIN GALLAGHER | DIRECTOR Trustee or director | 5 | $0 |
990-EZ for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Meghana Shah | Director/ CEO | 40 | $0 |
| Lise-Marie Giovinetti | Director/ COO | 15 | $0 |
| Taruna Mital | Treasurer | 1 | $0 |
| Derek Benz | Director | 0.5 | $0 |
| Bennett Morrison | Director | 0.5 | $0 |
| Maria Butler | Director | 0.25 | $0 |
990-EZ for the year ended December 31, 2022: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Meghana Shah | Director/ CEO | 30 | $0 |
| Lise-Marie Giovinetti | COO | 10 | $0 |
| Taruna Mital | Treasurer | 10 | $0 |
| Derek Benz | Director | 4 | $0 |
| Bennett Morrison | Director | 4 | $0 |
| Maria Butler | Director | 4 | $0 |
990-EZ for the year ended December 31, 2021: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Meghana Shah | Director/ CEO | 30 | $0 |
| Fairuz Ahmed | Community Outreach Manager | 10 | $0 |
| Swaroop Rane | Vice President of Technology | 5 | $0 |
| Lise-Marie Giovinetti | Treasurer/ COO | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 601 US HIGHWAY 206 UNIT 26 PMB 311, HILLSBOROUGH, NJ 08844-1522
- Principal officer (990 for 2024)
- MEGHANA SHAH, 601 US HIGHWAY 206 SUITE 26-311, HILLSBOROUGH, NJ 08844
- Signed the 990
- MEGHANA SHAH, CEO
- Phone
- (866) 723-3890
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
PARASOL COOPERATIVE EMERGED IN 2020 FROM A CRITICAL OBSERVATION: AS HUMAN TRAFFICKERS AND ABUSERS WEAPONIZED DIGITAL TECHNOLOGY, SURVIVORS AND SERVICE PROVIDERS LACKED CORRESPONDING TOOLS FOR PROTECTION. FOUNDED BY A UNIQUE COALITION OF SURVIVORS, TECHNOLOGISTS, AND ADVOCATES, PARASOL WAS CREATED TO BRIDGE THIS DANGEROUS GAP FOR VULNERABLE POPULATIONS.
Program accomplishments
- RUTH AI & RUTH+: THE WORLD'S FIRST TRAUMA-INFORMED AI GUARDIAN, BUILT BY SURVIVORS AND ADVOCATES TO HELP INDIVIDUALS NAVIGATE ABUSE, HUMAN TRAFFICKING, AND TECH-FACILITATED EXPLOITATION. RUTH PROVIDES COMPREHENSIVE GUIDANCE ON DIGITAL SAFETY, CREATES PERSONALIZED SAFETY PLANS, CONNECTS TO LOCAL RESOURCES, AND OFFERS PROTECTION STRATEGIESALL WHILE MAINTAINING STRICT PRIVACY STANDARDS WITH NO USER DATA COLLECTION. RUTH+ EXTENDS THESE CAPABILITIES TO ORGANIZATIONS THROUGH CUSTOMIZABLE FEATURES, TAILORED PROMPTS, AND ANALYTICS DASHBOARDS.Expenses $54,883
- SAFECONNECT: A COMPREHENSIVE SOLUTION FOR VICTIM SERVICE ORGANIZATIONS, COMBINING SECURE CASE MANAGEMENT WITH A COMPANION APP FOR SEAMLESS ADVOCATE-SURVIVOR CONNECTION. SAFECONNECT PRIORITIZES SECURITY AND DISCRETION WHILE STREAMLINING OPERATIONS TO REDUCE ADMINISTRATIVE BURDEN. FEATURES INCLUDE SURVIVOR-LED SCHEDULING, TIME-SAVING DOCUMENTATION TOOLS, AND "ANY TIME, ANY PLACE" ACCESSIBILITY THAT ADAPTS TO REAL-WORLD NEEDS RATHER THAN RIGID INSTITUTIONAL CONSTRAINTS.Expenses $143,279
- RESEARCH & EDUCATION: OUR MULTIDISCIPLINARY TEAM BRIDGES KNOWLEDGE GAPS BETWEEN TECHNOLOGY AND ABUSE PREVENTION THROUGH PIONEERING RESEARCH ON HOW EMERGING TECHNOLOGIES HAVE BEEN WEAPONIZED AGAINST VULNERABLE POPULATIONS AND HOW THEY CAN HELP PROTECT PEOPLE FROM THESE ABUSES. WE ESTABLISH SAFETY BY DESIGN PRINCIPLES AND PUBLISH ACCESSIBLE RESOURCES ON CYBERSECURITY PRACTICES AND EMERGING THREAT PATTERNS, TRANSLATING COMPLEX TECHNICAL CONCEPTS INTO PRACTICAL RESOURCES FOR SURVIVORS, ADVOCATES, AND TECHNOLOGY COMPANIES. OUTREACH & TRAINING: WE BRING SPECIALIZED DIGITAL SAFETY EXPERTISE TO FRONTLINE ORGANIZATIONS THROUGH CUSTOMIZED WORKSHOPS AND IMPLEMENTATION SUPPORT. OUR INTERACTIVE CURRICULUM SPANS FROM BASIC DIGITAL HYGIENE TO TRAUMA-INFORMED SAFETY PLANNING, BUILDING TANGIBLE SKILLS THAT SERVICE PROVIDERS CAN IMMEDIATELY APPLY WITH THEIR CLIENTS.Expenses $4,910
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
- 85-1859235
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P43)
- Assets (IRS master file)
- $2,471
- Income (IRS master file)
- $195,264
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $195,264 | $267,473 | $2,471 | XML |
| 990-EZ | December 2023 | $32,020 | $282,021 | $2,541 | XML |
| 990-EZ | December 2022 | $3,164 | $13,239 | $67,066 | XML |
| 990-EZ | December 2021 | $84,610 | $9,616 | $77,141 | 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 85-1859235).
Questions about PARASOL COOPERATIVE FOUNDATION
- What is the EIN of PARASOL COOPERATIVE FOUNDATION?
- The employer identification number (EIN) of PARASOL COOPERATIVE FOUNDATION is 85-1859235.
- Is PARASOL COOPERATIVE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to PARASOL COOPERATIVE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PARASOL COOPERATIVE FOUNDATION 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 PARASOL COOPERATIVE FOUNDATION 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 PARASOL COOPERATIVE FOUNDATION 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 PARASOL COOPERATIVE FOUNDATION?
- The 990 for the year ended December 31, 2024 names MEGHANA SHAH.
- Who are the officers and directors of PARASOL COOPERATIVE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $60,601 (SANDY SKELANEY, DIRECTOR/COO).
- How much revenue does PARASOL COOPERATIVE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $195,264, expenses of $267,473 and total assets of $2,471 at year end.
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