Connected Giving Foundation

Tax-deductible

Fredericksburg, VA501(c)(3)Science & TechnologyEIN 84-3558614Revenue $5.6M in FY2024

On file with the IRS1551 Emancipation Highway 1506, 22401-4683 · Fredericksburg, VATax-exempt since Mar 2020Supporting org, Type I — 509(a)(3)

Tell your story. Claim this org

Connected Giving Foundation is formed to receive charitable contributions, manage and invest assets for the benefit of internet society and internet society Foundation, and make grants to support the internet society and internet society Foundation.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Run by 2 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
2 of 2
filings with a surplus
Average surplus $31.5M a year · 96% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$13K
to officers and key staff · 1% of spending
Top officer’s pay lower than 99% of similar orgs
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Named funders
1
named funder · $3.0M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$74K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 4 voting members
Worth a look: 1 of 4 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.6M
-91% vs prior year
Spent
$1.2M
To programs
80%
Net assets
$69.6M
By yearFY2020–FY2024
Revenue
$5.6M
FY2024▼ -91%
Tap a bar for its year
Revenue by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$59.7M
FY2024$5.6M
Expenses
$1.2M
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023$1.1M
FY2024$1.2M
Net assets
$69.6M
FY2024▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$60.9M
FY2024$69.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2020.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $1.0M Management & general 20% · $243K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to fix it

Who runs it and what they're paid

5 people listed on the 990; $13K paid to officers and key staff.

Part VII, Section A · reportable compensation
Trustee and Secretary
$6,516Pt VII · Sec A
Trustee and Treasurer
$6,135Pt VII · Sec A
Trustee and President (thru 08/24)
$0Pt VII · Sec A
Trustee/Board Chair
$0Pt VII · Sec A
Trustee and President (as of 09/24)
$0Pt VII · Sec A

Ilona Levine’s $7K as Trustee and Secretary is at the 1st percentile of top reported officer pay among 363 $1–10M science & technology 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.

See Connected Giving Foundation executive salaries →

On this list? Claim this org

Something off? Claim to fix it

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

Manages and invests charitable funds to support Internet Society and its foundation.

Questions for Connected Giving Foundation

Tap to ask. Connected Giving Foundation sees how many people are interested.

Your first name shows with your question. Connected Giving Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $1.0M · in their own filed words · FY2024
01

Internet Society Mission Support

Represents grants made to support the internet society and internet society foundation.

$1.0Mprogram 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 · FY2024
Total grants receivedfrom 1 funder$3.0M
Grants paid · 2 grants · $2.1M · 2023–2024
Internet SocietyVA · FY2024$1,000,000
Internet SocietyVA · FY2023$1,055,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$5.6M
Ln 12
Gifts and grantsLn 1h$3.0M
Investment incomeLn 3$2.6M
Money outPt IX
$1.2M
Ln 25
Programscol B$1.0M
Managementcol C$243K
Owns and owesPt X
$69.6M
net assets · Ln 32
Total assetsLn 16$69.7M
LiabilitiesLn 26$74K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.0M
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$2.6M
Gains on assetsLn 7$856K
Total revenueLn 12$5.6M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$57.5M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$12.2M
Total assetsLn 16$69.7M
LiabilitiesLn 26$74K
Net assetsLn 32$69.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
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$0$0
InvestmentsLn 11–13$43.0M$57.5M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$60.9M$69.7M
LiabilitiesLn 26$50K$74K
Net assetsLn 32$60.9M$69.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.0M$1.0M
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$18K$0$18K$0
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$12K$12K
Investment management feesLn 11f$212K$212K
Other fees for servicesLn 11g$198$0$198$0
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$1.2M$1.0M$243K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $5.6M$1.2M$4.4M$69.6M 990 PDF
FY2023 $59.7M$1.1M$58.6M$60.9M 990 PDF
FY2022 $0$0 990 PDF
FY2021 $0$0 990 PDF
FY2020 $0$0 990 PDF

More to add? Claim this org

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 $5,637,277 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $59,111,963$3,000,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $636,727$2,637,277
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $59,748,690$5,637,277
I-13 Grants and similar amounts paidPrior year $1,055,000$1,000,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$18,164
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $84,991$225,123
I-18 Total expensesPrior year $1,139,991$1,243,287
I-19 Revenue less expensesPrior year $58,608,699$4,393,990
Part VI · Governance 1 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members1
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 $5,637,277 across 15 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$3,000,000
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$3,000,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $1,780,993$1,780,993
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $856,284$856,284
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,637,277$5,637,277
Part IX · Statement of functional expenses $1,243,287 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $1,000,000$1,000,000
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $18,164 · Fundraising $0$18,164
IX-11b Legal feesManagement $1,440$1,440
IX-11c Accounting feesManagement $11,518$11,518
IX-11f Investment management feesManagement $211,967$211,967
IX-11g Other fees for servicesPrograms $0 · Management $198 · Fundraising $0$198
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $1,000,000 · Management $243,287 · Fundraising $0$1,243,287
Part X · Balance sheet $69,655,270 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $42,992,476$57,489,164
X-14 Intangible assets$0
X-15 Other assetsStart of year $17,910,199$12,166,106
X-16 Total assetsStart of year $60,902,675$69,655,270
X-17 Accounts payable and accrued expensesStart of year $48,230$55,901
X-18 Grants payable$0
X-19 Deferred revenue$0
X-20 Tax-exempt bond liabilities$0
X-24 Unsecured notes and loans payable$0
X-25 Other liabilitiesStart of year $1,785$18,105
X-26 Total liabilitiesStart of year $50,015$74,006
X-27 Net assets without donor restrictionsStart of year $60,852,660$69,581,264
X-28 Net assets with donor restrictions$0
X-32 Total net assets or fund balancesStart of year $60,852,660$69,581,264
X-33 Total liabilities and net assetsStart of year $60,902,675$69,655,270
Part XI · Reconciliation of net assets $69,581,264 net assets at year end
XI-1 Total revenue$5,637,277
XI-2 Total expenses$1,243,287
XI-3 Revenue less expenses$4,393,990
XI-4 Net assets at start of year$60,852,660
XI-5 Net unrealized gains (losses) on investments$4,334,614
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$69,581,264

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.