Givelify Give-Com Foundation FY2021 filing

Tax-deductible

Ste Pmb, TX501(c)(3)Foundations & GrantmakersEIN 85-4394679Revenue $575K in FY2021

On file with the IRS6505 W Park Blvd, 75093-6208 · Ste Pmb, TXTax-exempt since Nov 2021Publicly supported charity — 170(b)(1)(A)(vi)

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This organization is a vehicle for Givelify llc's philanthropic efforts and aspires to connect people to causes that inspire them to action; receive contributions from them and issue gift receipts; grant the funds to the designated charity; and provide real-time tracking of each contribution to the donor. The corporation will help charities craft inspiring stories of their mission and impact and help such charities help leverage the internet to expand their digital reach.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
1 of 4
filings with a surplus
Average deficit $244K a year · 28% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
67 mo
of spending, in cash
Looks good: 67.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$8K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$575K
Spent
$548K
To programs
97%
Net assets
$3.1M
By yearFY2021–FY2024
Revenue
$575K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$575K
FY2022$533K
FY2023$960K
FY2024$1.4M
Expenses
$548K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$548K
FY2022$1.1M
FY2023$1.2M
FY2024$1.6M
Net assets
$3.1M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$3.1M
FY2022$2.5M
FY2023$2.2M
FY2024$2.1M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

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

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $532K Management & general 3% · $16K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Givelify Give-Com Foundation 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects donors to causes, manages contributions, and helps charities share their impact online.

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Provided by the organization

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1 program · $532K · in their own filed words · FY2021
01

Givelify foundation has been at work on bravo! Stories of good. Bravo! Stories of good highlight the accomplishment and community impact of nonprofits, the everyday heroes changing their world with kindness and generosity. In 2021, we filmed 2-5 minute videos that told stories for eight organizations.

$532Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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
Individual RecipientFY2024$10,038
Embassy Christian CenterIL · FY2024$10,035
Individual RecipientFY2024$8,413
Jones Chapel Christian ChurchFY2024$8,344
See all 34 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$575K
Ln 12
Gifts and grantsLn 1h$575K
Investment incomeLn 3$299
Money outPt IX
$548K
Ln 25
Programscol B$532K
Managementcol C$16K
Owns and owesPt X
$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$3.1M
Total assetsLn 16$3.1M
LiabilitiesLn 26$8K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$575K
Investment incomeLn 3$299
Total revenueLn 12$575K
Assets in detailPt X, end of year
SavingsLn 2$3.1M
Cash and savings togetherLn 1–2$3.1M
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$3.1M
LiabilitiesLn 26$8K
Net assetsLn 32$3.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$3.0M$3.1M
Land, buildings, equipmentLn 10c$0$2K
Total assetsLn 16$3.0M$3.1M
LiabilitiesLn 26$0$8K
Net assetsLn 32$3.0M$3.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$17K$17K
Grants and assistance to foreign recipientsLn 3$231K$231K
Legal feesLn 11b$12K$12K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$649$649
Information technologyLn 14$29K$29K
TravelLn 17$55K$55K
InterestLn 20$61$61
Depreciation, depletion and amortizationLn 22$89$89
Other expenses (24a–d)Ln 24$196K$196K
Total functional expensesLn 25$548K$532K$16K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.4M$1.6M−$181K$2.1M 990 PDF
FY2023 $960K$1.2M−$216K$2.2M 990 PDF
FY2022 $533K$1.1M−$608K$2.5M 990 PDF
FY2021 Viewing $575K$548K$27K$3.1M 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 FY2021 990 (6 parts)
Part I · Summary $575,330 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,041,413$575,031
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $4$299
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3,041,417$575,330
I-13 Grants and similar amounts paidPrior year $0$248,461
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$299,660
I-18 Total expensesPrior year $0$548,121
I-19 Revenue less expensesPrior year $3,041,417$27,209
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $575,330 across 4 lines filed
VIII-1f All other contributions, gifts and grants$575,031
VIII-1h Total contributions, gifts and grants$575,031
VIII-3 Investment incomeExcluded from tax $299$299
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $299$575,330
Part IX · Statement of functional expenses $548,121 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $17,025$17,025
IX-3 Grants and assistance to foreign recipientsPrograms $231,436$231,436
IX-11b Legal feesManagement $11,668$11,668
IX-11c Accounting feesManagement $4,000$4,000
IX-12 Advertising and promotionPrograms $3,010$3,010
IX-13 Office expensesPrograms $649$649
IX-14 Information technologyPrograms $29,018$29,018
IX-17 TravelPrograms $55,314$55,314
IX-20 InterestPrograms $61$61
IX-22 Depreciation, depletion and amortizationPrograms $89$89
IX-24 Other expenses (24a–d)Programs $195,851$195,851
IX-25 Total functional expensesPrograms $532,453 · Management $15,668 · Fundraising $0$548,121
Part X · Balance sheet $3,076,941 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $3,041,417$3,075,253
X-10c Land, buildings and equipment, netStart of year $0$1,688
X-16 Total assetsStart of year $3,041,417$3,076,941
X-17 Accounts payable and accrued expensesStart of year $0$8,315
X-26 Total liabilitiesStart of year $0$8,315
X-32 Total net assets or fund balancesStart of year $3,041,417$3,068,626
X-33 Total liabilities and net assetsStart of year $3,041,417$3,076,941
Part XI · Reconciliation of net assets $3,068,626 net assets at year end
XI-1 Total revenue$575,330
XI-2 Total expenses$548,121
XI-3 Revenue less expenses$27,209
XI-4 Net assets at start of year$3,041,417
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,068,626

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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