Giveclear Foundation FY2019 filing

Tax-deductible

Charlotte, NC501(c)(3)Since 2016Foundations & GrantmakersEIN 81-3222963Revenue $508K in FY2019

On file with the IRSgiveclear.org1235 East Blvd Ste E Pmb 1836, 28203-5876 · Charlotte, NCTax-exempt since Dec 2016Publicly supported charity — 170(b)(1)(A)(vi)

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GiveClear Foundation is a charitable grantmaking sponsor of donor advised funds.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$60K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2019 · 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
7 of 7
filings with a surplus
Average surplus $29.5M a year · 84% of revenue · last 7 filings
Looks good: a surplus in 7 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$60K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $462K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$127K
44% of total assets
Looks good: liabilities are 44% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$508K
+26% vs prior year
Spent
$366K
To programs
76%
Net assets
$159K
By yearFY2018–FY2024
Revenue
$508K
FY2019▲ +26%
Tap a bar for its year
Revenue by fiscal year
FY2018$403K
FY2019$508K
FY2020$1.0M
FY2021$716K
FY2022$2.8M
FY2023$26.5M
FY2024$214.9M
Expenses
$366K
FY2019▲ +50%
Tap a bar for its year
Expenses by fiscal year
FY2018$244K
FY2019$366K
FY2020$787K
FY2021$630K
FY2022$787K
FY2023$4.0M
FY2024$33.6M
Net assets
$159K
FY2019▲ ×12
Tap a bar for its year
Net assets by fiscal year
FY2018$13K
FY2019$159K
FY2020$381K
FY2021$525K
FY2022$2.6M
FY2023$25.6M
FY2024$214.9M

From the FY2019 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2019 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 Dec 2016.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $277K Management & general 20% · $74K Fundraising 4% · $14K

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

7 people listed on the 990; $60K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$60,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair (part Year)/Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Chair/Treasurer
$0Pt VII · Sec A
Treasurer (part Year)
$0Pt VII · Sec A

David Collins’s $9K as Board Member is at the 2nd percentile of top reported officer pay among 129 $100M+ 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 · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2019
Dan Kyte——$12,893$99,185$75,000—
Harold B Chrisman——————
Robert Bales—$72,000$36,000———
Dana L Holway—————$60,000
David Collins$8,793$8,464$398$27,033——
Dana Holway————$15,000—
Katie Smith Milway——————

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.

See Giveclear 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

Provides donor-advised funds and innovative technology to help Americans easily manage their charitable giving and distribute grants to trusted nonprofits nationwide.

Provided by the organization

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1 program · $277K · in their own filed words · FY2019
01

The GiveClear Foundation delivers an inspiring charitable giving experience through innovative technology and personal engagement for Americans. We envision a new model of philanthropy - a system at your fingertips connecting passionate people to trusted charities at scale - empowering people of any means to give and support positive…

$277Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$462K
Grants paid · 958 grants · $32.2M · 2018–2024
Keystone Baptist ChurchIL · FY2024$2,100,000
University ImpactUT · FY2024$1,418,502
Pro Athletes OutreachCO · FY2024$959,791
Young LifeCO · FY2024$495,476
Naos INCAZ · FY2024$442,863
Wycliffe Bible Translators INCFL · FY2024$415,150
Kingsland Baptist ChurchFY2024$374,500
International Justice MissionVA · FY2024$334,700
Champion ForwardTN · FY2024$300,000
Perimeter ChurchGA · FY2024$292,160
The Winston SchoolNJ · FY2024$250,000
Campus Crusade for Christ INCFL · FY2024$245,710
Atlas Ministry INCGA · FY2024$225,000
Ocean View Church of ChristFY2024$215,000
See all 958 grants →

By the numbers

The FY2019 990, line by line.

1The main four
Money inPt VIII
$508K
Ln 12
Gifts and grantsLn 1h$499K
Investment incomeLn 3$9K
Money outPt IX
$366K
Ln 25
Programscol B$277K
Managementcol C$74K
Fundraisingcol D$14K
Owns and owesPt X
$159K
net assets · Ln 32
Cash and savingsLn 1–2$171K
Total assetsLn 16$286K
LiabilitiesLn 26$127K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$499K
Noncash giftsLn 1g$4K
Investment incomeLn 3$9K
Gains on assetsLn 7$4K
Total revenueLn 12$508K
Assets in detailPt X, end of year
CashLn 1$171K
Cash and savings togetherLn 1–2$171K
InvestmentsLn 11–13$6K
Other assetsLn 15$103K
Total assetsLn 16$286K
LiabilitiesLn 26$127K
Net assetsLn 32$159K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY19End FY19
Cash and savingsLn 1–2$23K$171K
InvestmentsLn 11–13$6K
Total assetsLn 16$23K$286K
LiabilitiesLn 26$10K$127K
Net assetsLn 32$13K$159K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$31K$31K
Grants and assistance to foreign recipientsLn 3$127K$127K
Pay of current officers, directors and key staffLn 5$60K$30K$30K
Pay of disqualified personsLn 6$8K$4K$4K
Payroll taxesLn 10$6K$3K$3K
Legal feesLn 11b$62K$47K$16K
Accounting feesLn 11c$9K$7K$2K
Investment management feesLn 11f$12K$9K$3K
Other fees for servicesLn 11g$33K$2K$16K$14K
Office expensesLn 13$10K$10K
TravelLn 17$4K$4K
InsuranceLn 23$2K$2K
Total functional expensesLn 25$366K$277K$74K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $214.9M$33.6M$181.3M$214.9M 990 PDF
FY2023 $26.5M$4.0M$22.5M$25.6M 990 PDF
FY2022 $2.8M$787K$2.1M$2.6M 990 PDF
FY2021 $716K$630K$86K$525K 990 PDF
FY2020 $1.0M$787K$231K$381K 990 PDF
FY2019 Viewing $508K$366K$142K$159K 990 PDF
FY2018 $403K$244K$159K$13K 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 FY2019 990 (6 parts)
Part I · Summary $507,650 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $402,893$498,858
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$8,792
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $402,893$507,650
I-13 Grants and similar amounts paidPrior year $30,339$158,503
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $89,010$74,224
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $124,460$132,858
I-18 Total expensesPrior year $243,809$365,585
I-19 Revenue less expensesPrior year $159,084$142,065
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $507,650 across 6 lines filed
VIII-1f All other contributions, gifts and grants$498,858
VIII-1g Noncash contributions (included above)$4,069
VIII-1h Total contributions, gifts and grants$498,858
VIII-3 Investment incomeExcluded from tax $4,959$4,959
VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,833$3,833
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $8,792$507,650
Part IX · Statement of functional expenses $365,585 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $31,497$31,497
IX-3 Grants and assistance to foreign recipientsPrograms $127,006$127,006
IX-5 Pay of current officers, directors and key staffPrograms $30,000 · Management $30,000$60,000
IX-6 Pay of disqualified personsPrograms $4,000 · Management $4,000$8,000
IX-10 Payroll taxesPrograms $3,112 · Management $3,112$6,224
IX-11b Legal feesPrograms $46,507 · Management $15,502$62,009
IX-11c Accounting feesPrograms $7,403 · Management $1,851$9,254
IX-11f Investment management feesPrograms $8,940 · Management $2,980$11,920
IX-11g Other fees for servicesPrograms $2,112 · Management $16,487 · Fundraising $14,376$32,975
IX-13 Office expensesPrograms $9,896$9,896
IX-17 TravelPrograms $4,427$4,427
IX-23 InsurancePrograms $2,377$2,377
IX-25 Total functional expensesPrograms $277,277 · Management $73,932 · Fundraising $14,376$365,585
Part X · Balance sheet $286,075 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $23,090$170,892
X-4 Accounts receivable$2,866
X-9 Prepaid expenses and deferred charges$3,996
X-11 Publicly traded securities$5,544
X-15 Other assetsStart of year $0$102,777
X-16 Total assetsStart of year $23,090$286,075
X-17 Accounts payable and accrued expensesStart of year $10,068$126,880
X-26 Total liabilitiesStart of year $10,068$126,880
X-27 Net assets without donor restrictionsStart of year $13,022$159,195
X-32 Total net assets or fund balancesStart of year $13,022$159,195
X-33 Total liabilities and net assetsStart of year $23,090$286,075
Part XI · Reconciliation of net assets $159,195 net assets at year end
XI-1 Total revenue$507,650
XI-2 Total expenses$365,585
XI-3 Revenue less expenses$142,065
XI-4 Net assets at start of year$13,022
XI-5 Net unrealized gains (losses) on investments$4,108
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$159,195

Form 990 e-file (XML) FY2019 from the IRS · Classification, formation year and address from the IRS Business Master File

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