Giveclear Foundation EIN 81-3222963 Form 990 (PDF) Claim this org

Giveclear Foundation FY2020 filing

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Provides donor-advised funds and innovative technology to help Americans easily manage their charitable giving and distribute grants to trusted nonprofits nationwide. For fiscal year 2020 it reported $1.0M in revenue, $787K in expenses, and $381K in net assets.Pt I

Founded
2016
Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Charlotte, NC
Website
www.giveclear.org
Filings
7 on file (2018–2020)
Revenue
$1.0MFY2020
Expenses
$787K
Net assets
$381K
People
8
Filings
7
Updates
0
More identity details & actions ⌄
EIN  81-3222963 Public foundation / grantmaker Charlotte, NC Founded 2016
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 7/4/26 · see original: IRS
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Size
$100M+
What they do
Provides donor-advised funds and innovative technology to help Americans easily manage their charitable giving and distribute grants to trusted nonprofits nationwide.
Leadership
Dan Kyte · Interim Executive Director · $75K
Money in and out
$1.0M revenue, $787K expenses
Bottom line
70% program efficiency
Grants paid & assets · FY2020
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$787K
Pt IX · Ln 25
Net assets
$381K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $231K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.23 Fundraising $0.07
Program efficiency
70%
of spending reaches programs
Operating runway
7.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+23%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$1.0M
FY2020▲ +101%
Expenses
$787K
FY2020▲ +115%
Total assets
$489K
FY2020▲ +71%
Total liabilities
$109K
FY2020▼ -14%
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$787K
Pt IX · Ln 25
Net assets
$381K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$231K
Total assetsPt X · Ln 16$489K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGiveclear Foundation
EINHdr · item D81-3222963
Principal addressHdr · item CCharlotte, NC
WebsiteHdr · item Jwww.giveclear.org
Year of formationHdr · item L2016
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFDec 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Interim Executive Director
$75,000Pt VII · Sec A
Executive Director (part-Year)
$15,000Pt VII · Sec A
Board Chair, Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer (part-Year)
$0Pt VII · Sec A
Secretary (part-Year)
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member (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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Mission & Programs · Part III

Where the work happens

1 program service account for $552K of program spending, described in the organization's own filed words · FY2020.
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…

$552Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$881K · 87%
Program service revenue$120K · 12%
Investment income$17K · 2%
Contributions & grants87%$881K
Program service revenue12%$120K
Investment income2%$17K
Total revenueLn 12$1.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.23 Fundraising $0.07
Program services70%$552K
Management & general23%$183K
Fundraising7%$52K
Total functional expensesLn 25$787K

Balance Sheet

Part X · end of year
CashLn 1$396K
Total assetsLn 16$489K
Total liabilitiesLn 26$109K
Total net assetsLn 32$381K
Months of cash on handcomputed6.0

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $481K · Operating expenses (Pt IX) $787K · Less non-cash grants $24K · Cash operating expenses/yr $763K
7.6 months
Where the money goes
Program services
Program services $552K · Total expenses $787K
70%
Management & General
Management & general $183K · Total expenses $787K
23%
Fundraising
Fundraising $52K · Total expenses $787K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $28K · Solicited contributions (3-yr avg) $594K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $881K · Total revenue $1.0M
87%
Government reliance
Government grants — · Total revenue $1.0M
Earned-income share
Program service revenue $120K · Total revenue $1.0M
12%
Investment reliance
Investment income $17K · Total revenue $1.0M
+2%
Program self-sufficiency
Program service revenue $120K · Total expenses $787K
15%
Growth & trend
Revenue growth (YoY)
This year $1.0M · Prior year $508K
+101%
Net-asset trend (YoY)
End of year $381K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.0M · Expenses $787K
+23%
Liabilities-to-Assets
Total liabilities — · Total assets $489K
Net-asset ratio
Net assets $381K · Total assets $489K
78%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $86K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $489K
18%
People & payroll
Highest Reported Total Compensation
Individual Dan Kyte · Reported title Interim Executive Director · Highest reported compensation $75K · Total expenses $787K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $92K · Total expenses $787K
12%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 23%
Fundraising cost ratio 6%
Revenue growth 101%
Legal fee ratio 9%
Accounting fee ratio 8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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 →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$214.9M revenue · ⤓ 990 PDF
FY2023$26.5M revenue · ⤓ 990 PDF
FY2022$2.8M revenue · ⤓ 990 PDF
FY2021$716K revenue · ⤓ 990 PDF
FY2020$1.0M revenue · viewing · ⤓ 990 PDF
FY2019$508K revenue · ⤓ 990 PDF
FY2018$403K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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