Is it real?
Yes. Revoked May 2020, reinstated. IRS ruling Dec 2021, per the IRS master file. Latest filing on record: FY2024. IRS ruling in Dec 2021.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
88 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
3 people listed on the 990; $18K paid to officers and key staff.
David Honig’s $18K as CEO & Trustee is at the 10th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| David Honig | $18,000 | $18,000 | $25,000 | $25,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
- Loans to or from officersSch L · Pt II1 listed
Programs and updates
Provides resources and tools for business and career advancement, helping people achieve their economic dreams.
Questions for Parnassah Network INC
Your first name shows with your question. Parnassah Network INC answers here, for everyone.
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To establish an international resource for business and career advancement and development. To offer tools through which those of every age, industry or profession can attain their economic dreams.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $21K | $3K |
| Total assetsLn 16 | $897K | $7.4M |
| LiabilitiesLn 26 | $689K | $7.1M |
| Net assetsLn 32 | $208K | $248K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $525 | $525 | ||
| Pay of current officers, directors and key staffLn 5 | $18K | $18K | ||
| Other fees for servicesLn 11g | $6K | $6K | $425 | |
| Advertising and promotionLn 12 | $24K | $24K | ||
| Office expensesLn 13 | $7K | $7K | ||
| Information technologyLn 14 | $5K | $5K | ||
| OccupancyLn 16 | $20K | $15K | $4K | |
| TravelLn 17 | $24K | $24K | ||
| InterestLn 20 | $28 | $28 | ||
| Other expenses (24a–d)Ln 24 | $44K | $40K | $5K | |
| All other expensesLn 24e | $250 | $250 | ||
| Total functional expensesLn 25 | $150K | $133K | $17K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $190K | $150K | $39K | $248K | 990 PDF |
| FY2023 | $237K | $207K | $29K | $208K | 990 PDF |
| FY2022 | $675K | $667K | $8K | $179K | 990 PDF |
| FY2021 | $249K | $244K | $5K | $170K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $189,527 revenue, 12 lines filed
Part VI · Governance 2 of 3 board members independent, 1 to look at
Part VIII · Statement of revenue $189,527 across 4 lines filed
Part IX · Statement of functional expenses $150,146 across 11 lines filed
Part X · Balance sheet $7,352,685 assets, 9 lines filed
Part XI · Reconciliation of net assets $247,524 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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