Givelify Give-Com Foundation EIN 85-4394679 Form 990 (PDF) Claim this org

Givelify Give-Com Foundation

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Connects donors to causes, manages contributions, and helps charities share their impact online. For fiscal year 2024 it reported $1.4M in revenue, $1.6M in expenses, and $2.1M in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Ste Pmb, TX
Filings
4 on file (2021–2024)
Revenue
$1.4MFY2024
Expenses
$1.6M
Net assets
$2.1M
People
3
Filings
4
Updates
0
More identity details & actions ⌄
EIN  85-4394679 Public foundation / grantmaker Ste Pmb, TX
Form 990 (PDF)
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Size
$1–10M
What they do
Connects donors to causes, manages contributions, and helps charities share their impact online.
Leadership
Olawale Mafolasire · President
Money in and out
$1.4M revenue, $1.6M expenses
Bottom line
96% program efficiency
Grants paid & assets · FY2024
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$1.6M
Pt IX · Ln 25
Net assets
$2.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$181K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs▼ -0.7% vs prior filing year
Operating runway
15.6mo
months of highly liquid reserves at operating expense rate▼ -34% vs prior filing year
Surplus margin
-13%
revenue over expenses, this year▲ +42% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.4M
FY2024▲ +45%
Expenses
$1.6M
FY2024▲ +34%
Total assets
$2.0M
FY2024▼ -11%
Total liabilities
$-3K
FY2024▼ -105%
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$1.6M
Pt IX · Ln 25
Net assets
$2.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$181K
Total assetsPt X · Ln 16$2.0M
Program-expense ratioPt IX · col B96%
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 CGivelify Give-Com Foundation
EINHdr · item D85-4394679
Principal addressHdr · item CSte Pmb, TX
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFNov 2021

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 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Givelify Give-Com Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $1.5M of program spending, described in the organization's own filed words · FY2024.
01

Givelify GIVE.COM foundation connects donors to charities that do not have a registered givelify account and facilitate these charitable contributions, increasing public, charitable impact.

$1.5Mprogram expense
02

Givelify give-com foundation continued identifying future impact stories and working on strategies to promote giving.

$20Kprogram expense
03

The giving in faith report explores the state of faith based giving in the us by considering the converging perspectives of the individual giver, the faith leader and the congregation. Givelify give-com foundation was involved on expanding the research interviews to faith leaders outside of givelify to have have a representation of faith…

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$1.4M · 97%
Program service revenue$36K · 3%
Contributions & grants97%$1.4M
Program service revenue3%$36K
Investment income$3K
Total revenueLn 12$1.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$1.5M
Management & general4%$65K
Total functional expensesLn 25$1.6M

Balance Sheet

Part X · end of year
CashLn 1$241K
Total assetsLn 16$2.0M
Total liabilitiesLn 26$-3K
Total net assetsLn 32$2.1M
Months of cash on handcomputed1.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.0M · Operating expenses/yr $1.6M
15.6 months
Where the money goes
Program services
Program services $1.5M · Total expenses $1.6M
96%
Management & General
Management & general $65K · Total expenses $1.6M
4%
Fundraising
Fundraising $0 · Total expenses $1.6M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $924K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.4M · Total revenue $1.4M
97%
Government reliance
Government grants — · Total revenue $1.4M
Earned-income share
Program service revenue $36K · Total revenue $1.4M
3%
Investment reliance
Investment income $3K · Total revenue $1.4M
+0.2%
Program self-sufficiency
Program service revenue $36K · Total expenses $1.6M
2%
Growth & trend
Revenue growth (YoY)
This year $1.4M · Prior year $960K
+45%
Net-asset trend (YoY)
End of year $2.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.4M · Expenses $1.6M
-13%
Liabilities-to-Assets
Total liabilities — · Total assets $2.0M
Net-asset ratio
Net assets $2.1M · Total assets $2.0M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $1.8M · Total assets (Pt X, ln 16) $2.0M
88%
People & payroll
Highest Reported Total Compensation
Individual Olawale Mafolasire · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $1.6M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $1.6M
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Fundraising cost ratio 0%
Revenue growth 45%
Legal fee ratio 0.8%
Accounting fee ratio 0.6%

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 · this organization's grantmaking
Grants paid · 34 grants · $802K · 2021–2024
Drc2 Cogic CongoFY2024$59,072
Liberation Fellowship ChurchFY2024$51,143
New Beginning Missionary Baptist ChurchFY2024$22,826
Kingdom Living International MinistriesFY2024$22,470
Abundant Life ChurchFY2024$20,344
New Vision Baptist ChurchFY2024$15,394
Mount Carmel Baptist ChurchFY2024$13,356
Joint National Baptist SessionFY2024$12,225
Empower Outreach MinistryFY2024$11,661
Zion City of DavidFY2024$11,505
Confluence ChurchFY2024$10,038
Embassy Christian CenterIL · FY2024$10,035
Dunamis TempleFY2024$8,413
Jones Chapel Christian ChurchFY2024$8,344
See all 34 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)$1.4M revenue · viewing · ⤓ 990 PDF
FY2023$960K revenue · ⤓ 990 PDF
FY2022$533K revenue · ⤓ 990 PDF
FY2021$575K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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