Giveclear Foundation FY2022 filing

Charlotte, NC · Public foundation / grantmaker · Since 2016 · Foundations & Grantmakers

✓ Tax-deductible
Revenue
$2.8M
+297% vs prior year
Spent
$787K
To programs
88%
Net assets
$2.6M
By yearFY2018–FY2024
Revenue
$2.8M
FY2022▲ +297%
Revenue by fiscal year
FY2018$403K
FY2019$508K
FY2020$1.0M
FY2021$716K
FY2022$2.8M
FY2023$26.5M
FY2024$214.9M
Expenses
$787K
FY2022▲ +25%
Expenses by fiscal year
FY2018$244K
FY2019$366K
FY2020$787K
FY2021$630K
FY2022$787K
FY2023$4.0M
FY2024$33.6M
Net assets
$2.6M
FY2022▲ +404%
Net assets by fiscal year
FY2018$13K
FY2019$159K
FY2020$381K
FY2021$525K
FY2022$2.6M
FY2023$25.6M
FY2024$214.9M

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

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CGiveclear Foundation
EINHdr · item D81-3222963
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFDec 2016
Year of formationHdr · item L2016
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CCharlotte, NC
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
WebsiteHdr · item Jwww.giveclear.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.07 Fundraising $0.05
Program services88%$693K
Management & general7%$53K
Fundraising5%$42K
Total functional expensesLn 25$787K

Financial health

Is it on solid ground?

Program efficiency
88%
of spending reaches programs
Surplus margin
+72%
revenue over expenses, this year
Revenue trend
+63%
avg. annual growth over 5 years

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$2.7M
FY2022▲ +336%
Total assets by fiscal year
FY2018$23K
FY2019$286K
FY2020$489K
FY2021$617K
FY2022$2.7M
FY2023$25.6M
FY2024$215.4M
Total liabilities
$44K
FY2022▼ -52%
Total liabilities by fiscal year
FY2018$10K
FY2019$127K
FY2020$109K
FY2021$92K
FY2022$44K
FY2023$61K
FY2024$532K
Revenue less expensesPt I · Ln 19$2.1M
Total assetsPt X · Ln 16$2.7M
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Balance Sheet

Part X · end of year
CashLn 1$892K
Total assetsLn 16$2.7M
Total liabilitiesLn 26$44K
Total net assetsLn 32$2.6M
Months of cash on handcomputed13.6

Statement of Revenue

Part VIII
Contributions & grants106%$3.0M
Total revenueLn 12$2.8M

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.7M · Operating expenses (Pt IX) $787K · Less non-cash grants $960K · Cash operating expenses/yr −$172K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $693K · Total expenses $787K
88%
Management & General
Management & general $53K · Total expenses $787K
7%
Fundraising
Fundraising $42K · Total expenses $787K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $62K · Solicited contributions (3-yr avg) $1.5M
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $3.0M · Total revenue $2.8M
106%
Government reliance
Government grants — · Total revenue $2.8M
—
Earned-income share
Program service revenue $0 · Total revenue $2.8M
0%
Investment reliance
Investment income −$181K · Total revenue $2.8M
-6%
Program self-sufficiency
Program service revenue $0 · Total expenses $787K
0%
Growth & trend
Revenue growth (YoY)
This year $2.8M · Prior year $716K
+297%
Revenue CAGR
FY2018 $403K · FY2022 $2.8M
+63%
Net-asset trend (YoY)
End of year $2.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.8M · Expenses $787K
+72%
Liabilities-to-Assets
Total liabilities — · Total assets $2.7M
—
Net-asset ratio
Net assets $2.6M · Total assets $2.7M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.8M · Other securities (Pt X, ln 12) $25K · Total assets (Pt X, ln 16) $2.7M
66%
People & payroll
Highest Reported Total Compensation
Individual Robert Bales · Reported title Interim Executive Director · Highest reported compensation $36K · Total expenses $787K
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $53K · Total expenses $787K
7%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%——
Overhead ratio 7%——
Fundraising cost ratio 1%——
Revenue growth 297%——
Legal fee ratio 2%——
Accounting fee ratio 12%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Interim Executive Director
$36,000Pt VII · Sec A
Interim Executive Director (part Year)
$12,893Pt VII · Sec A
Board Member
$398Pt VII · Sec A
Board Chair, Treasurer
$0Pt VII · Sec A
Secretary (part Year)
$0Pt VII · Sec A
Board Member
$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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Governance & Policies

Part VI
  • 3Voting board membersPt VI · Ln 1a
  • 3Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

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

This section is blank until Giveclear Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $693K of program spending, described in the organization's own filed words · FY2022.
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…

$693Kprogram expense

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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 →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $214.9M$33.6M+710% 990 PDF
FY2023 $26.5M$4.0M+834% 990 PDF
FY2022 Viewing $2.8M$787K+297% 990 PDF
FY2021 $716K$630K-30% 990 PDF
FY2020 $1.0M$787K+101% 990 PDF
FY2019 $508K$366K+26% 990 PDF
FY2018 $403K$244K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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