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PARALLAX ADVANCED RESEARCH CORPORATION

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Public IRS 990 nonprofit record

PARALLAX ADVANCED RESEARCH CORPORATION

EIN 16-1704454 · Science & Technology (U054)

What they do

PART I, LINE 1 THE ORGANIZATIONS MISSION is to OPERATE EXCLUSIVELY for SCIENTIFIC, EDUCATIONAL and CHARITABLE PURPOSES to INCLUDE PROMOTING, ENCOURAGING and ASSISTING IN SCIENTIFIC RESEARCH and DEVELOPMENT for THE BENEFIT of THE PUBLIC and THE TRANSITION to OHIO INDUSTRY of ADVANCED DATA COLLECTION, MANAGEMENT and ANALYSIS TECHNOLOGIES. FOSTERING COLLABORATION BETWEEN THE RESEARCH CENTERS of OHIO INFORMATION TECHNOLOGY and RELATED COMPANIES, ACADEMIC INSTITUTIONS and GOVERNMENTAL RESEARCH FACILITIES, ENCOURAGING THE RETENTION, DEVELOPMENT and EXPANSION of THE INFORMATION TECHNOLOGY and RELATED INDUSTRIES IN OHIO and PROMOTING, ENCOURAGING and ASSISTING IN SCIENTIFIC RESEARCH to AID IN THE EDUCATION of COLLEGE and UNIVERSITY STUDENTS.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $68.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders52 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

68.22%of revenue went to mission work68.2% of expenses · Program services
$100.02spent for every $100 of revenueSpending was higher than revenue this year.
31.79%of revenue went to management and office costs31.8% of expenses
$0.78in assets for every $1 spent this yearSome assets cannot be spent right away.
0.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $15,489 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $360,556 for DENNIS ANDERSH (CEO & PRESID). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$82,994,226
Mission workProgram services$56,622,79368.22% of revenue68.2% of expenses
ManagementOffice and general costs$26,386,92231.79% of revenue31.8% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$83,009,715100.02% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 68.2% mission · 31.8% management · 0.0% fundraisingTotal expenses: 100.02% of revenue
2023Expense mix: 64.3% mission · 35.7% management · 0.0% fundraisingTotal expenses: 97.99% of revenue
2022Expense mix: 60.7% mission · 39.3% management · 0.0% fundraisingTotal expenses: 99.62% of revenue
2021Expense mix: 62.3% mission · 37.7% management · 0.0% fundraisingTotal expenses: 99.72% of revenue
2020Expense mix: 71.5% mission · 28.5% management · 0.0% fundraisingTotal expenses: 100.51% of revenue
2018Expense mix: 78.9% mission · 21.1% management · 0.0% fundraisingTotal expenses: 99.86% of revenue
2017Expense mix: 83.9% mission · 16.1% management · 0.0% fundraisingTotal expenses: 102.32% of revenue
2016Expense mix: 94.2% mission · 5.8% management · 0.0% fundraisingTotal expenses: 104.25% of revenue

Money in and money out

Revenue$82,994,226
Expenses$83,009,715
Annual shortfall $15,489 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$56,622,793 · 68.2% of expenses
Management and office costs$26,386,922 · 31.8% of expenses
See all reported dollar amounts
Revenue$82,994,226
Expenses$83,009,715
Assets$65,126,667
Income$83,304,757
Contributions$35,100
Mission work (program services)$56,622,793
Management and general$26,386,922
Accounting fees$32,700
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
DENNIS ANDERSHCEO & PRESID · 40 hrs/week $360,556
MICHAEL R JOHANSONKEY EMPLOYEE · 40 hrs/week $295,000
RANDALL W CHAPMANKEY EMPLOYEE · 40 hrs/week $290,000
MICHAEL SIMONKEY EMPLOYEE · 40 hrs/week $285,000
TIMOTHY MCCARTNEYKEY EMPLOYEE · 40 hrs/week $270,000
BRUCE HOWARDKEY EMPLOYEE · 40 hrs/week $253,816
ANDREW GYEKENYESIKEY EMPLOYEE · 40 hrs/week $250,000
MATTHEW MOLINEAUXKEY EMPLOYEE · 40 hrs/week $247,500
CHRIS HOCEVARCFO & TREASU · 40 hrs/week $247,169
DAVID GROSSKEY EMPLOYEE · 40 hrs/week $247,126
ANTHONY GILLESPIEKEY EMPLOYEE · 40 hrs/week $235,000
ROBERT DIRGOKEY EMPLOYEE · 40 hrs/week $225,000

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (52)

DENNIS ANDERSHCEO & PRESID

MICHAEL R JOHANSONKEY EMPLOYEE

RANDALL W CHAPMANKEY EMPLOYEE

MICHAEL SIMONKEY EMPLOYEE

TIMOTHY MCCARTNEYKEY EMPLOYEE

BRUCE HOWARDKEY EMPLOYEE

ANDREW GYEKENYESIKEY EMPLOYEE

MATTHEW MOLINEAUXKEY EMPLOYEE

CHRIS HOCEVARCFO & TREASU

DAVID GROSSKEY EMPLOYEE

ANTHONY GILLESPIEKEY EMPLOYEE

ROBERT DIRGOKEY EMPLOYEE

STEVEN HARBOURKEY EMPLOYEE

DANIEL PIERRONKEY EMPLOYEE

SCOTT MCAFFRYKEY EMPLOYEE

LEIGH OLDHAMVP OF HR & S

RYAN STABLERKEY EMPLOYEE

JAMES BRIDGERSKEY EMPLOYEE

MICHAEL BUCKKEY EMPLOYEE

FAITH M CHAMBERLAINKEY EMPLOYEE

TODD S IRLBECKKEY EMPLOYEE

MARY MARGARET EVANSKEY EMPLOYEE

GREGORY FEITSHANSKEY EMPLOYEE

JOHN KOVACHICHKEY EMPLOYEE

LJ EADSKEY EMPLOYEE

KYLE PREUSSKEY EMPLOYEE

JASON DAVISKEY EMPLOYEE

JUSTIN TULLOSKEY EMPLOYEE

JOHN OWENKEY EMPLOYEE

PHILIP MORGANKEY EMPLOYEE

BRYAN ROTHKEY EMPLOYEE

MARY FRAMEKEY EMPLOYEE

RICHARD GRAFDIRECTOR

DR MICHAEL FARRELLDIRECTOR

DR CHRISTINA BLOEBAUMDIRECTOR

DR CARLOS GRODSINSKYDIRECTOR

CD MOORE LT GENERALCHAIR

CARMEL ORTIZDIRECTOR

SUSAN THORNTONDIRECTOR

BRIG GEN RET DR DAVID TRYBULADIRECTOR

WANDA GAMBLEDIRECTOR

WAYNE DENNY JRVICE CHAIR

DR ED HERDERICKDIRECTOR

DR J MICHAEL OAKESDIRECTOR

MICHAEL HRIPKODIRECTOR

DR RICHARD JOSEPHDIRECTOR

GAIL DOMAN-SMITHDIRECTOR

GARY KESSLERDIRECTOR

LLOYD FIELDSDIRECTOR

GAYLE ROMINGERDIRECTOR

GREG MORRISDIRECTOR

JEFF STANLEYDIRECTOR

About this charity

Recognized since
January 2007
Location
4035 COLONEL GLENN HWY, BEAVERCRK TWP, OH 45431-1601
County
Greene
In care of
CHRIS HOCEVAR
Primary officer
CHRIS HOCEVAR, CFO & TREASURER

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
SWINDON SPRINGER & COMPANY INC CPAS
NTEE classification
Science & Technology (U054)
IRS tax category
Research and Development in the Social Sciences and Humanities

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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