Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2009.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
63 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
19 people listed on the 990; $92K paid to officers and key staff.
Kelly Collison’s $99K as CEO is at the 84th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Kelly Collison | $98,753 | $91,704 | $89,250 | $83,375 | $80,000 | $78,100 |
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
Programs and updates
Empowers students to grant funds to local charities through philanthropy education.
Questions for Magnified Giving
Your first name shows with your question. Magnified Giving answers here, for everyone.
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Grants are distributed through school and nonprofit youth group education programming and giving circles to nonprofit organizations. We had 136 programs participate and awarded 152 grants to 191 nonprofit organizations.
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 | $47K | $69K |
| InvestmentsLn 11–13 | $1.1M | $2.7M |
| Land, buildings, equipmentLn 10c | $290K | $282K |
| Total assetsLn 16 | $1.6M | $3.7M |
| LiabilitiesLn 26 | $62K | $22K |
| Net assetsLn 32 | $1.5M | $3.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $199K | $199K | ||
| Pay of current officers, directors and key staffLn 5 | $92K | $83K | $5K | $5K |
| Other salaries and wagesLn 7 | $235K | $126K | $12K | $98K |
| Payroll taxesLn 10 | $23K | $23K | ||
| Legal feesLn 11b | $232 | $232 | ||
| Accounting feesLn 11c | $7K | $7K | ||
| Other fees for servicesLn 11g | $115K | $16K | $4K | $95K |
| Advertising and promotionLn 12 | $5K | $4K | $1K | |
| Office expensesLn 13 | $18K | $11K | $916 | $5K |
| Information technologyLn 14 | $7K | $6K | $744 | |
| OccupancyLn 16 | $22K | $13K | $9K | $542 |
| TravelLn 17 | $16K | $11K | $4K | $1K |
| Depreciation, depletion and amortizationLn 22 | $13K | $10K | $2K | $784 |
| Other expenses (24a–d)Ln 24 | $36K | $18K | $256 | $19K |
| Total functional expensesLn 25 | $788K | $495K | $67K | $226K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $872K | $898K | −$25K | $3.7M | 990 PDF |
| FY2024 Viewing | $2.9M | $788K | $2.1M | $3.7M | 990 PDF |
| FY2023 | $650K | $744K | −$94K | $1.5M | 990 PDF |
| FY2022 | $742K | $673K | $68K | $1.6M | 990 PDF |
| FY2021 | $622K | $594K | $28K | $1.7M | 990 PDF |
| FY2020 | $629K | $650K | −$20K | $1.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $2,905,017 revenue, 12 lines filed
Part VI · Governance 18 of 19 board members independent, no flags
Part VIII · Statement of revenue $2,905,017 across 10 lines filed
Part IX · Statement of functional expenses $788,172 across 14 lines filed
Part X · Balance sheet $3,718,104 assets, 13 lines filed
Part XI · Reconciliation of net assets $3,695,768 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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