Philanthropitch

Austin, TXUnknown exempt organization EIN 81-1374280Revenue $1.5M in FY2022Latest filing we have: 2022. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSphilanthropitch.orgAustin, TX

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Helping innovative nonprofits scale sustainable models.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-1374280) · Dispute this line
84¢ of each $1 spent went to programs.
$129K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
The latest return is for FY2022, 4 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average deficit $10K a year · 0.9% of revenue · last 3 filings
A surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
84%
of spending
84% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$129K
to officers and key staff · 9% of spending
Pay to officers and key staff is 9% of spending.
Part VII, Section A
Named funders
10
named funders · $271K
10 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
14
of 14 voting members
14 of 14 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.5M
+46% vs prior year
Spent
$1.4M
To programs
84%
Net assets
$0
By yearFY2020–FY2022
Revenue
$1.5M
FY2022▲ +46%
Tap a bar for its year
Revenue by fiscal year
FY2020$827K
FY2021$996K
FY2022$1.5M
Expenses
$1.4M
FY2022▲ +44%
Tap a bar for its year
Expenses by fiscal year
FY2020$896K
FY2021$992K
FY2022$1.4M
Net assets
$0
FY2022▲ +100%
Tap a bar for its year
Net assets by fiscal year
FY2020−$41K
FY2021−$35K
FY2022$0

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2022.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $1.2M Management & general 4% · $54K Fundraising 13% · $179K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

16 people listed on the 990; $129K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Director
$128,898Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Philanthropitch executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Hosts a fast-pitch competition that provides innovative nonprofits with funding, mentoring, and a platform to pitch their ideas to judges for cash prizes.

Questions for Philanthropitch

Tap to ask. Philanthropitch sees how many people are interested.

Your first name shows with your question. Philanthropitch answers here, for everyone.

1 program · $1.2M · in their own filed words · FY2022
01

Philanthropitch conducts a social impact fast-pitch competition that provides non-profit organizations with access to human and financial capital. In this high energy event, non-profit participants are given a platform to present innovative ideas for dramatically impacting the community.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-1374280) · Dispute this line
$1.2Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2022
See all 10 funders →
Grants paid · 70 grants · $1.5M · 2020–2022
Earn a BikeorgTX · FY2022$59,000
Columbus Fashion InitiativeOH · FY2022$57,665
Beyond the Bars INCPA · FY2022$43,756
Elevate NorthlandOH · FY2022$37,629
Sunrise Community ChurchTX · FY2022$30,606
Woodlawn Theatre INCTX · FY2022$25,100
Lone Star Justice AllianceTX · FY2022$22,500
Besa Community INCOH · FY2022$20,895
PelotonuTX · FY2022$20,000
La Izquierda Fest INCTX · FY2022$19,903
3 Day Startup INCTX · FY2022$16,369
Body Empowerment ProjectNJ · FY2022$15,835
See all 70 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.4M
Fees for servicesLn 2g$14K
Other incomeLn 4–11$2K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.2M
Managementcol C$54K
Fundraisingcol D$179K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Fees for servicesLn 2g$14K
Other incomeLn 4–11$2K
Gains on assetsLn 7−$145
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$87K$0
InvestmentsLn 11–13$5K$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$128K$0
LiabilitiesLn 26$163K$0
Net assetsLn 32−$35K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$683K$683K
Pay of officers and key staff (Part IX, line 5)Ln 5$129K$129K
Other salaries and wagesLn 7$62K$62K
Other employee benefitsLn 9$22K$22K
Payroll taxesLn 10$14K$14K
Management feesLn 11a$6K$6K
Accounting feesLn 11c$52K$52K
Advertising and promotionLn 12$168K$168K
Office expensesLn 13$2K$2K$194
TravelLn 17$6K$6K
InsuranceLn 23$902$902
Other expenses (24a–d)Ln 24$278K$274K$4K
Total functional expensesLn 25$1.4M$1.2M$54K$179K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest ViewingFiled with the IRS Nov 14, 2023 $1.5M$1.4M$36K$0 990 PDF
FY2021Filed with the IRS Nov 10, 2022 $996K$992K$4K−$35K 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $827K$896K−$70K−$41K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $1,459,638 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $969,930$1,444,032
I-9 Program service revenuePrior year $23,499$14,085
I-10 Investment incomePrior year $0−$145
I-11 Other revenuePrior year $2,944$1,666
I-12 Total revenuePrior year $996,373$1,459,638
I-13 Grants and similar amounts paidPrior year $472,985$682,937
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $194,030$226,934
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $324,944$513,863
I-18 Total expensesPrior year $991,959$1,423,734
I-19 Revenue less expensesPrior year $4,414$35,904
Part VI · Governance 14 of 14 board members independent, 2 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,459,638 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,444,032
VIII-1h Total contributions, gifts and grants$1,444,032
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,085$14,085
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$145−$145
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,666$1,666
VIII-12 Total revenueRelated to mission $15,751 · Unrelated business $0 · Excluded from tax −$145$1,459,638
Part IX · Statement of functional expenses $1,423,734 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $682,937$682,937
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $128,898$128,898
IX-7 Other salaries and wagesPrograms $61,727$61,727
IX-9 Other employee benefitsPrograms $22,029$22,029
IX-10 Payroll taxesPrograms $14,280$14,280
IX-11a Management feesPrograms $6,000$6,000
IX-11c Accounting feesManagement $52,450$52,450
IX-12 Advertising and promotionFundraising $168,479$168,479
IX-13 Office expensesPrograms $2,106 · Management $194$2,300
IX-17 TravelFundraising $5,839$5,839
IX-23 InsuranceManagement $902$902
IX-24 Other expenses (24a–d)Programs $273,532 · Fundraising $4,361$277,893
IX-25 Total functional expensesPrograms $1,191,509 · Management $53,546 · Fundraising $178,679$1,423,734
Part X · Balance sheet $0 assets, 25 lines filed
X-1 Cash, non-interest-bearingStart of year $87,472$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $33,919$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $2,193$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $4,785$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $128,369$0
X-17 Accounts payable and accrued expensesStart of year $43,018$0
X-19 Deferred revenueStart of year $120,000$0
X-25 Other liabilitiesStart of year $85$0
X-26 Total liabilitiesStart of year $163,144$0
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year −$34,775$0
X-32 Total net assets or fund balancesStart of year −$34,775$0
X-33 Total liabilities and net assetsStart of year $128,369$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$1,459,638
XI-2 Total expenses$1,423,734
XI-3 Revenue less expenses$35,904
XI-4 Net assets at start of year−$34,775
XI-5 Net unrealized gains (losses) on investments−$1,129
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file FY2022 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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