Gnfunding LLC: FY2023 Nonprofit Profile & Form 990 (EIN 84-2618002)

Revenue by fiscal year
FY2020	$112K
FY2021	$428K
FY2022	$955K
FY2023	$2.7M
FY2024	$459K

Expenses by fiscal year
FY2020	Not on file
FY2021	$411K
FY2022	$747K
FY2023	$2.3M
FY2024	$851K

Net assets by fiscal year
FY2020	$22K
FY2021	$39K
FY2022	$247K
FY2023	$615K
FY2024	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $2.3M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation

Deloni Boone

President

$0Pt VII · Sec A

See Gnfunding LLC 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 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides funds to help students and individuals cover tuition costs.

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1 program · $2.3M · in their own filed words · FY2023

01

To fundraise to help pay tuition and various fees for students and individuals for sports and education purposes

$2.3Mprogram expense

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$2.7M

Ln 12

Fees for servicesLn 2g$2.7M

Money outPt IX

$2.3M

Ln 25

Programscol B$2.3M

Owns and owesPt X

$615K

net assets · Ln 32

Cash and savingsLn 1–2$607K

Total assetsLn 16$615K

LiabilitiesLn 26$0

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a9

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$2.7M

Total revenueLn 12$2.7M

Assets in detailPt X, end of year

CashLn 1$607K

Cash and savings togetherLn 1–2$607K

Other assetsLn 15$8K

Total assetsLn 16$615K

LiabilitiesLn 26$0

Net assetsLn 32$615K

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$247K	$607K
Total assetsLn 16	$247K	$615K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$247K	$615K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Benefits paid to or for membersLn 4	$1.8M	$1.8M
Other salaries and wagesLn 7	$151K	$151K
Payroll taxesLn 10	$12K	$12K
Accounting feesLn 11c	$12K	$12K
Other fees for servicesLn 11g	$283K	$283K
Advertising and promotionLn 12	$36	$36
Office expensesLn 13	$37K	$37K
TravelLn 17	$3K	$3K
InsuranceLn 23	$1K	$1K
Total functional expensesLn 25	$2.3M	$2.3M	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 LatestFiled with the IRS Feb 25, 2025	$459K	$851K	−$392K	$0	990 PDF
FY2023 ViewingFiled with the IRS May 13, 2024	$2.7M	$2.3M	$368K	$615K	990 PDF
FY2022Filed with the IRS Feb 6, 2023	$955K	$747K	$208K	$247K	990 PDF
FY2021Filed with the IRS Sep 6, 2022	$428K	$411K	$17K	$39K	990 PDF
FY2020Filed with the IRS Jul 27, 2021	$112K			$22K	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $2,660,144 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenuePrior year $954,659$2,660,144

I-10 Investment income$0

I-11 Other revenue$0

I-12 Total revenuePrior year $954,659$2,660,144

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to membersPrior year $474,808$1,793,291

I-15 Salaries and benefits$162,372

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $271,895$336,582

I-18 Total expensesPrior year $746,703$2,292,245

I-19 Revenue less expensesPrior year $207,956$367,899

Part VI · Governance 9 of 9 board members independent, 4 to look at

VI-1a Voting members of the governing body9

VI-1b Independent voting members9

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $2,660,144 across 2 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,660,144$2,660,144

VIII-12 Total revenueRelated to mission $2,660,144$2,660,144

Part IX · Statement of functional expenses $2,292,245 across 9 lines filed

IX-4 Benefits paid to or for membersPrograms $1,793,291$1,793,291

IX-7 Other salaries and wagesPrograms $150,833$150,833

IX-10 Payroll taxesPrograms $11,539$11,539

IX-11c Accounting feesPrograms $12,475$12,475

IX-11g Other fees for servicesPrograms $282,858$282,858

IX-12 Advertising and promotionPrograms $36$36

IX-13 Office expensesPrograms $36,789$36,789

IX-17 TravelPrograms $3,148$3,148

IX-23 InsurancePrograms $1,276$1,276

IX-25 Total functional expensesPrograms $2,292,245 · Management $0 · Fundraising $0$2,292,245

Part X · Balance sheet $614,857 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $246,958$607,006

X-15 Other assets$7,851

X-16 Total assetsStart of year $246,958$614,857

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $246,958$614,857

X-32 Total net assets or fund balancesStart of year $246,958$614,857

X-33 Total liabilities and net assetsStart of year $246,958$614,857

Part XI · Reconciliation of net assets $614,857 net assets at year end

XI-1 Total revenue$2,660,144

XI-2 Total expenses$2,292,245

XI-3 Revenue less expenses$367,899

XI-4 Net assets at start of year$246,958

XI-10 Net assets at end of year$614,857

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Gnfunding LLC FY2023 filing

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