FINANCIALS
Paradise Charities is registered and in the final application process for 501(c)3 status.
Paradise Charities does not have any paid staff. All staff are volunteers or donated. The charity currently operates from donated Class A office space in Naples, FL that includes miscellanies office supplies and related overhead.
Financial Performance Metrics
Paradise Charities will use the following percentages as a basis for financial activities, which far exceed the standards for
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Program Expenses to be greater than 85%
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The charity will maintain that more than 85% of the total expenses are on the programs and services it intends to deliver to the beneficiaries of the charity
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Administrative Expenses will be less than 5%
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Includes overhead, associated costs of administrative actives, and organization meetings.
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Fundraising Expenses will be less than 10%
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Includes expenses to raise money-campaign printing, publicity, mailings, memberships, and other costs incurred in soliciting donations.
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Accountability & Transparency
Paradise Charities will uphold the following metrics for accountability and performance (Information on form 990)
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Independent voting board members
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Financials prepared by an independent accounting firm
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Does not provide or receive loans
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Documents board activities and meeting minutes
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Provides a copy of form 990 to organizations governing boy in advance of filing
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Maintains a Conflict of Interest Policy
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Maintains a Whistleblower Policy
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Maintains a Records Retention and Destruction Policy
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Publishes Board Members-Board NOT compensated
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Maintains a Donor Privacy Policy
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Publishes financials
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Publishes form 990
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Publishes key staff and volunteers