Monat Gratitude INC

Tax-deductible

Doral, FL501(c)(3)Community DevelopmentEIN 84-3043046Revenue $764K in FY2024

On file with the IRSmonatgratitude.com10000 Nw 15th Ter, 33172-2754 · Doral, FLTax-exempt since Feb 2021Publicly supported charity — 170(b)(1)(A)(vi)

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To motivate and inspire our greater community to take action and generate positive change by partnering with visionary organizations.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 1,900 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
3 of 5
filings with a surplus
Average surplus $25K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$77K
77% of total assets
Worth a look: liabilities are 77% of assets; over 65%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$764K
-66% vs prior year
Spent
$787K
To programs
85%
Net assets
$23K
By yearFY2020–FY2024
Revenue
$764K
FY2024▼ -66%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$3.6M
FY2022$2.8M
FY2023$2.3M
FY2024$764K
Expenses
$787K
FY2024▼ -65%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$3.4M
FY2022$3.0M
FY2023$2.3M
FY2024$787K
Net assets
$23K
FY2024▼ -50%
Tap a bar for its year
Net assets by fiscal year
FY2020$152K
FY2021$320K
FY2022$229K
FY2023$47K
FY2024$23K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2021.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $666K Management & general 14% · $112K Fundraising 1% · $9K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director of Philanthropy
$0Pt VII · Sec A
See Monat Gratitude INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Inspires community action and positive change through partnerships.

Provided by the organization

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1 program · $666K · in their own filed words · FY2024
01

Through our partnerships, we generate positive change by partnering with visionary organizations in the areas of education, children, and families that are improving the world. As an organization Monat Gratitude believes in strengthening and investing in the nonprofits that are already innovating and making a positive impact to their…

$666Kprogram 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
Total grants receivedfrom 1 funder$6K
Grants paid · 100 grants · $3.2M · 2020–2024
Hawega FoundationNY · FY2024$51,000
The 22 Project INCFL · FY2024$25,000
Blue Angels Foundation INCFL · FY2024$20,000
Paws-Ability INCKY · FY2024$10,000
Operation Gratitude INCCA · FY2024$10,000
Tim Tebow Foundation INCFL · FY2023$100,000
The Salvation ArmyGA · FY2023$22,500
Angelcare INCIN · FY2023$20,000
A2s-Access to SuccessNC · FY2023$19,783
See all 100 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$764K
Ln 12
Gifts and grantsLn 1h$755K
Other incomeLn 4–11$9K
Money outPt IX
$787K
Ln 25
Programscol B$666K
Managementcol C$112K
Fundraisingcol D$9K
Owns and owesPt X
$23K
net assets · Ln 32
Cash and savingsLn 1–2$50K
Total assetsLn 16$100K
LiabilitiesLn 26$77K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$755K
Noncash giftsLn 1g$259K
Other incomeLn 4–11$9K
Total revenueLn 12$764K
Assets in detailPt X, end of year
CashLn 1$50K
Cash and savings togetherLn 1–2$50K
Total assetsLn 16$100K
LiabilitiesLn 26$77K
Net assetsLn 32$23K
OperationsPt I, VI
EmployeesI 50
VolunteersI 61,900
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 FY24End FY24
Cash and savingsLn 1–2$106K$50K
Total assetsLn 16$139K$100K
LiabilitiesLn 26$92K$77K
Net assetsLn 32$47K$23K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$215K$215K
Pay of current officers, directors and key staffLn 5$110K$55K$55K
Accounting feesLn 11c$39K$39K
Other fees for servicesLn 11g$60K$57K$3K
Advertising and promotionLn 12$602$488$114
Office expensesLn 13$3K$3K
Information technologyLn 14$12K$12K
TravelLn 17$8K$8K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$330K$318K$3K$9K
Total functional expensesLn 25$787K$666K$112K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $764K$787K−$23K$23K 990 PDF
FY2023 $2.3M$2.3M$17K$47K 990 PDF
FY2022 $2.8M$3.0M−$190K$229K 990 PDF
FY2021 $3.6M$3.4M$168K$320K 990 PDF
FY2020 $1.7M$1.6M$152K$152K 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 FY2024 990 (6 parts)
Part I · Summary $763,613 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,269,037$754,935
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$8,678
I-12 Total revenuePrior year $2,269,037$763,613
I-13 Grants and similar amounts paidPrior year $1,812,165$215,294
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $187,132$110,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $252,541$461,603
I-18 Total expensesPrior year $2,251,838$786,897
I-19 Revenue less expensesPrior year $17,199−$23,284
Part VI · Governance 4 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $763,613 across 5 lines filed
Lines not itemized here account for $8,678 of total revenue; see the IRS return.
VIII-1d Related organizations$457,641
VIII-1f All other contributions, gifts and grants$297,294
VIII-1g Noncash contributions (included above)$259,354
VIII-1h Total contributions, gifts and grants$754,935
VIII-12 Total revenueRelated to mission $8,678 · Unrelated business $0 · Excluded from tax $0$763,613
Part IX · Statement of functional expenses $786,897 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $215,294$215,294
IX-5 Pay of current officers, directors and key staffPrograms $55,000 · Management $55,000$110,000
IX-11c Accounting feesManagement $39,286$39,286
IX-11g Other fees for servicesPrograms $56,821 · Management $2,700$59,521
IX-12 Advertising and promotionPrograms $488 · Fundraising $114$602
IX-13 Office expensesManagement $3,452$3,452
IX-14 Information technologyPrograms $12,194$12,194
IX-17 TravelPrograms $8,067$8,067
IX-23 InsuranceManagement $8,786$8,786
IX-24 Other expenses (24a–d)Programs $317,717 · Management $2,725 · Fundraising $9,253$329,695
IX-25 Total functional expensesPrograms $665,581 · Management $111,949 · Fundraising $9,367$786,897
Part X · Balance sheet $99,851 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $106,114$50,161
X-3 Pledges and grants receivableStart of year $10,000$10,000
X-8 Inventories for sale or useStart of year $4,034$25,004
X-9 Prepaid expenses and deferred chargesStart of year $18,794$14,686
X-16 Total assetsStart of year $138,942$99,851
X-17 Accounts payable and accrued expensesStart of year $92,340$16,533
X-18 Grants payable$60,000
X-26 Total liabilitiesStart of year $92,340$76,533
X-32 Total net assets or fund balancesStart of year $46,602$23,318
X-33 Total liabilities and net assetsStart of year $138,942$99,851
Part XI · Reconciliation of net assets $23,318 net assets at year end
XI-1 Total revenue$763,613
XI-2 Total expenses$786,897
XI-3 Revenue less expenses−$23,284
XI-4 Net assets at start of year$46,602
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$23,318

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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