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Donatestock Charitable INC FY2022 filing

Tax-deductible

Houston, TX501(c)(3)Since 2021Public & Societal BenefitEIN 87-1569770Revenue $9.4M in FY2022

On file with the IRS6501 Pickens St, 77007-2093 · Houston, TXTax-exempt since Dec 2021Publicly supported — 509(a)(2)

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Help nonprofits diversify and grow sources of funding by facilitating charitable stock gifting.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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 3
filings with a surplus
Average surplus $660K a year · 7% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$30K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 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
$9.4M
×2070 vs prior year
Spent
$9.0M
To programs
100%
Net assets
$760K
By yearFY2021–FY2024
Revenue
$9.4M
FY2022▲ ×2070
Tap a bar for its year
Revenue by fiscal year
FY2021$5K
FY2022$9.4M
FY2023$5.1M
FY2024$12.8M
Expenses
$9.0M
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$9.0M
FY2023$5.4M
FY2024$10.9M
Net assets
$760K
FY2022▲ ×229
Tap a bar for its year
Net assets by fiscal year
FY2021$3K
FY2022$760K
FY2023$413K
FY2024$2.3M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 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 Dec 2021.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $9.0M

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Berna Barshay
Secretary
$0Pt VII · Sec A
Jean Vendice
Treasurer
$0Pt VII · Sec A
Steve Latham
Chairman
$0Pt VII · Sec A
See Donatestock Charitable 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Facilitates charitable stock donations for nonprofits, helping them diversify funding sources and streamline processing without needing their own brokerage accounts.

Questions for Donatestock Charitable INC

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Provided by the organization

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1 program · $9.0M · in their own filed words · FY2022
01

As a Fiscal sponsor, Donatestock Charitable facilitated more than 800+ stock donations to more than 300 charitable organizations in our first full year. The vast majority of these Orgs were previously excluded from stock gifting as they did not have a brokerage account.

$9.0Mprogram 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 · 379 grants · $22.3M · 2022–2024
World Central Kitchen IncorporatedDC · FY2024$1,944,777
Shriners Hospitals for ChildrenFL · FY2024$1,647,330
Nashville Christian Schools INCTN · FY2024$832,021
Pledgeling FoundationCA · FY2024$382,231
Village Health WorksNY · FY2024$326,583
Fight for the Future Education FundMA · FY2024$192,876
Rebecca Bender InitiativeTX · FY2024$139,430
Sellwood Baptist ChurchOR · FY2024$136,471
Caroga Arts Collective INCNY · FY2024$128,030
Lighthouse Christian Academy INCIN · FY2024$125,894
Southern Bible InstituteTX · FY2024$120,733
Bellevue Hindu Temple and Cultural CenterWA · FY2024$110,567
Sunflower Seeds UkraineCO · FY2024$101,316
Mission MsaIL · FY2024$100,780
Whole Family Health Center INCFL · FY2024$100,140
Building Decarbonization CoalitionDE · FY2024$99,001
Howard T Odum Florida Springs Institute INCFL · FY2024$98,852
Redemption Church SeattleWA · FY2024$96,664
See all 379 grants →

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$9.4M
Ln 12
Gifts and grantsLn 1h$9.4M
Investment incomeLn 3$409
Money outPt IX
$9.0M
Ln 25
Programscol B$9.0M
Owns and owesPt X
$760K
net assets · Ln 32
Cash and savingsLn 1–2$132K
Total assetsLn 16$790K
LiabilitiesLn 26$30K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.4M
Noncash giftsLn 1g$9.4M
Investment incomeLn 3$409
Total revenueLn 12$9.4M
Assets in detailPt X, end of year
CashLn 1$132K
Cash and savings togetherLn 1–2$132K
InvestmentsLn 11–13$648K
Total assetsLn 16$790K
LiabilitiesLn 26$30K
Net assetsLn 32$760K
OperationsPt I, VI
EmployeesI 50
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 FY22End FY22
Cash and savingsLn 1–2$110K$132K
InvestmentsLn 11–13$259K$648K
Total assetsLn 16$369K$790K
LiabilitiesLn 26$10K$30K
Net assetsLn 32$359K$760K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$8.9M$8.9M
Management feesLn 11a$119K$119K
Total functional expensesLn 25$9.0M$9.0M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $12.8M$10.9M$1.9M$2.3M 990 PDF
FY2023 $5.1M$5.4M−$350K$413K 990 PDF
FY2022 Viewing $9.4M$9.0M$402K$760K 990 PDF
FY2021 $5K$3K 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 FY2022 990 (6 parts)
Part I · Summary $9,373,136 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,064,184$9,372,727
I-9 Program service revenue$0
I-10 Investment incomePrior year $438$409
I-11 Other revenue$0
I-12 Total revenuePrior year $1,064,622$9,373,136
I-13 Grants and similar amounts paidPrior year $701,079$8,852,558
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $5,116$119,000
I-18 Total expensesPrior year $706,195$8,971,558
I-19 Revenue less expensesPrior year $358,427$401,578
Part VI · Governance 3 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
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 $9,373,136 across 5 lines filed
VIII-1f All other contributions, gifts and grants$9,372,727
VIII-1g Noncash contributions (included above)$9,372,727
VIII-1h Total contributions, gifts and grants$9,372,727
VIII-3 Investment incomeExcluded from tax $409$409
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $409$9,373,136
Part IX · Statement of functional expenses $8,971,558 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $8,852,558$8,852,558
IX-11a Management feesPrograms $119,000$119,000
IX-25 Total functional expensesPrograms $8,971,558 · Management $0 · Fundraising $0$8,971,558
Part X · Balance sheet $790,466 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $109,500$131,773
X-9 Prepaid expenses and deferred charges$11,156
X-11 Publicly traded securitiesStart of year $259,263$647,537
X-16 Total assetsStart of year $368,763$790,466
X-17 Accounts payable and accrued expensesStart of year $5,020$24,705
X-24 Unsecured notes and loans payableStart of year $5,000$5,000
X-25 Other liabilitiesStart of year $160$600
X-26 Total liabilitiesStart of year $10,180$30,305
X-32 Total net assets or fund balancesStart of year $358,583$760,161
X-33 Total liabilities and net assetsStart of year $368,763$790,466
Part XI · Reconciliation of net assets $760,161 net assets at year end
XI-1 Total revenue$9,373,136
XI-2 Total expenses$8,971,558
XI-3 Revenue less expenses$401,578
XI-4 Net assets at start of year$358,583
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$760,161

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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