Idonate Charitable Foundation FY2021 filing

Tax-deductible

Southlake, TX501(c)(3)Community DevelopmentEIN 26-2074127Revenue $6.1M in FY2021

On file with the IRSidonatecharitablefoundation.comPo Box 93839, 76092-0117 · Southlake, TXTax-exempt since Apr 2009Publicly supported charity — 170(b)(1)(A)(vi)

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Idonate Charitable Foundation exists to provide people with a simple way to give. There are so many ways to make a positive change in our world beyond cash giving. The majority of our wealth is tied up in stuff: cars, cell phones, property, etc. Idonate Charitable Foundation is here to unlock that potential within all of US.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $11K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$218K
96% of total assets
Concern: liabilities are 96% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.1M
-9% vs prior year
Spent
$6.2M
To programs
100%
Net assets
$9K
By yearFY2020–FY2024
Revenue
$6.1M
FY2021▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.7M
FY2021$6.1M
FY2022$808K
FY2023$445K
FY2024$381K
Expenses
$6.2M
FY2021▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.6M
FY2021$6.2M
FY2022$798K
FY2023$519K
FY2024$387K
Net assets
$9K
FY2021▼ -92%
Tap a bar for its year
Net assets by fiscal year
FY2020$120K
FY2021$9K
FY2022$20K
FY2023−$54K
FY2024−$60K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $6.2M Management & general 0% · $6K

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.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Idonate Charitable Foundation executive salaries →

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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 15aNo

Programs and updates

Facilitates giving non-cash items like cars and property to support charitable causes.

Questions for Idonate Charitable Foundation

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Provided by the organization

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1 program · $6.2M · in their own filed words · FY2021
01

Idonate charitable foundation promotes charitable giving. We liquidate noncash donations and send grant checks to the target nonprofits.

$6.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 118 grants · $13.4M · 2020–2024
Sozo CoalitionTX · FY2024$80,194
Belmont Abbey CollegeNC · FY2024$56,375
Sojourn Church - INCGA · FY2024$37,080
Campus Outreach BirminghamAL · FY2024$32,027
Cedar Ridge INCAR · FY2024$20,840
Campus Outreach Serve INCAL · FY2024$18,434
Lighthouse Harbor ChurchTX · FY2024$17,318
Turning Point for GodCA · FY2024$15,751
Love Baptist Church INCIN · FY2024$12,138
Neighbors INCMN · FY2024$10,752
Blessings of HopePA · FY2024$10,278
Christianity Explored USATN · FY2024$10,230
Wiphan Care Ministries INCGA · FY2024$8,158
Clapham SchoolIL · FY2024$7,707
Rainier AthletesWA · FY2023$68,756
Campus Outreach Serve INCAL · FY2023$34,209
Hope InternationalPA · FY2023$30,043
See all 118 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$6.1M
Ln 12
Gifts and grantsLn 1h$5.9M
Investment incomeLn 3$158K
Other incomeLn 4–11$15K
Money outPt IX
$6.2M
Ln 25
Programscol B$6.2M
Managementcol C$6K
Owns and owesPt X
$9K
net assets · Ln 32
Cash and savingsLn 1–2$186K
Total assetsLn 16$228K
LiabilitiesLn 26$218K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.9M
Noncash giftsLn 1g$5.9M
Investment incomeLn 3$158K
Other incomeLn 4–11$15K
Gains on assetsLn 7$157K
Total revenueLn 12$6.1M
Assets in detailPt X, end of year
CashLn 1$113K
SavingsLn 2$72K
Cash and savings togetherLn 1–2$186K
Other assetsLn 15$306
Total assetsLn 16$228K
LiabilitiesLn 26$218K
Net assetsLn 32$9K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$129K$186K
Total assetsLn 16$265K$228K
LiabilitiesLn 26$145K$218K
Net assetsLn 32$120K$9K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$6.2M$6.2M
Accounting feesLn 11c$6K$5K$2K
Other fees for servicesLn 11g$14K$10K$3K
Information technologyLn 14$3K$2K$629
Total functional expensesLn 25$6.2M$6.2M$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $381K$387K−$5K−$60K 990 PDF
FY2023 $445K$519K−$75K−$54K 990 PDF
FY2022 $808K$798K$11K$20K 990 PDF
FY2021 Viewing $6.1M$6.2M−$110K$9K 990 PDF
FY2020 $6.7M$6.6M$122K$120K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $6,078,199 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,589,920$5,905,670
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$22,645$157,757
I-11 Other revenuePrior year $122,941$14,772
I-12 Total revenuePrior year $6,690,216$6,078,199
I-13 Grants and similar amounts paidPrior year $6,554,683$6,165,866
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $13,615$22,331
I-18 Total expensesPrior year $6,568,298$6,188,197
I-19 Revenue less expensesPrior year $121,918−$109,998
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $6,078,199 across 6 lines filed
Lines not itemized here account for $14,772 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$5,905,670
VIII-1g Noncash contributions (included above)$5,905,670
VIII-1h Total contributions, gifts and grants$5,905,670
VIII-3 Investment incomeExcluded from tax $488$488
VIII-7 Net gain or loss on sales of assetsExcluded from tax $157,269$157,269
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $172,529$6,078,199
Part IX · Statement of functional expenses $6,188,197 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $6,165,866$6,165,866
IX-11c Accounting feesPrograms $4,725 · Management $1,575$6,300
IX-11g Other fees for servicesPrograms $10,136 · Management $3,379$13,515
IX-14 Information technologyPrograms $1,887 · Management $629$2,516
IX-25 Total functional expensesPrograms $6,182,614 · Management $5,583 · Fundraising $0$6,188,197
Part X · Balance sheet $227,520 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $104,819$113,294
X-2 Savings and temporary cash investmentsStart of year $24,506$72,223
X-4 Accounts receivableStart of year $21,546$15,146
X-8 Inventories for sale or useStart of year $111,965$24,483
X-9 Prepaid expenses and deferred chargesStart of year $2,068$2,068
X-15 Other assetsStart of year $306$306
X-16 Total assetsStart of year $265,210$227,520
X-17 Accounts payable and accrued expensesStart of year $144,730$218,133
X-26 Total liabilitiesStart of year $144,730$218,133
X-32 Total net assets or fund balancesStart of year $120,480$9,387
X-33 Total liabilities and net assetsStart of year $265,210$227,520
Part XI · Reconciliation of net assets $9,387 net assets at year end
XI-1 Total revenue$6,078,199
XI-2 Total expenses$6,188,197
XI-3 Revenue less expenses−$109,998
XI-4 Net assets at start of year$120,480
XI-8 Prior period adjustments−$1,095
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,387

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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