Totals
- Total revenue
- $404,940
- Total expenses
- $467,535
- Contributions and grants received
- $330,668
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $5
- Other revenue
- $74,267
- Total assets, end of year
- $96,038
- Total liabilities, end of year
- $82,894
- Net assets or fund balances, end of year
- $13,144
- Program services expenses (Part IX)
- $375,713
- Management and general expenses
- $66,213
- Fundraising expenses
- $25,609
- Program service expenses (Part III)
- $375,713
Program services were 80.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$330,668
-
1g · Noncash contributions included above
$11,000
-
3 · Investment income
total $5 · related or exempt $5
-
8a · Fundraising events: gross income
$126,880
-
8b · Fundraising events: direct expenses
$52,613
-
8c · Net income from fundraising events
total $74,267 · excluded $74,267
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $158,697 · program services $134,892 · management and general $7,935 · fundraising $15,870
-
7 · Other salaries and wages
total $44,764 · program services $44,764
-
10 · Payroll taxes
total $14,505 · program services $12,330 · management and general $725 · fundraising $1,450
-
11b · Fees: legal
total $2,535 · management and general $2,535
-
11c · Fees: accounting
total $25,464 · management and general $25,464
-
12 · Advertising and promotion
total $37,146 · program services $31,929 · fundraising $5,217
-
13 · Office expenses
total $3,641 · program services $2,060 · management and general $1,246 · fundraising $335
-
14 · Information technology
total $17,738 · program services $5,167 · management and general $12,571
-
16 · Occupancy
total $23,903 · program services $22,276 · management and general $1,627
-
17 · Travel
total $5 · management and general $5
-
19 · Conferences, conventions and meetings
total $2,097 · program services $168 · fundraising $1,929
-
20 · Interest
total $5,342 · management and general $5,342
-
23 · Insurance
total $2,288 · management and general $2,288
-
24a · Other expenses: CONTRACT SERVICES
total $2,439 · management and general $2,439
-
24b · Other expenses: CREDIT CARD FEES
total $844 · management and general $844
-
24c · Other expenses: PROGRAM EXPENSES
total $116,569 · program services $116,569
-
24d · Other expenses: PAYROLL PROCESSING FEES
total $3,771 · program services $3,205 · management and general $189 · fundraising $377
-
24e · All other expenses
total $5,787 · program services $2,353 · management and general $3,003 · fundraising $431
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $28,270 · end of year $7,972
-
2 · Savings and temporary cash investments
beginning of year $1,191 · end of year $10,347
-
3 · Pledges and grants receivable
beginning of year $102,259 · end of year $66,598
-
9 · Prepaid expenses and deferred charges
beginning of year $5,000 · end of year $11,121
-
10a · Land, buildings and equipment: cost or other basis
$2,193
-
10b · Land, buildings and equipment: accumulated depreciation
$2,193
-
17 · Accounts payable and accrued expenses
beginning of year $18,441 · end of year $16,176
-
18 · Grants payable
beginning of year $58,095
-
19 · Deferred revenue
end of year $21,815
-
24 · Unsecured notes and loans payable
beginning of year $47,935 · end of year $44,903
-
27 · Net assets without donor restrictions
beginning of year $12,249 · end of year $73,241
-
28 · Net assets with donor restrictions
end of year -$60,097
Mission and programs · 2024
Mission
SEE SCHEDULE O - X GENERAL EXPLANATION ATTACHMENT
-
During FY25, Philanthropy Tank celebrated its 10th Anniversary while continuing to empower the next generation of CHANGEmakers to identify community challenges and develop sustainable, student-led solutions. The organization engaged approximately 400 middle and high school students through its CHANGEmaker program, school-based clubs, workshops, and community outreach. Forty-five students representing ten schools applied to the program, with eight student-led initiatives selected to receive $61,500 in funding, mentorship, and year-long support. These initiatives are addressing a wide range of community needs, including support for hospitalized children and young cancer patients, STEM education for underserved youth, tech support and online safety counseling for older adults, music therapy for seniors experiencing cognitive decline, food allergy awareness, and services for individuals and families experiencing homelessness. Philanthropy Tank also expanded its school- based programming, strengthened community partnerships, and hosted its 10th Anniversary Finals Celebration, where student finalists presented their initiatives to philanthropists, educators, business leaders, and community supporters. Approximately 67% of the student-led initiatives funded since the organizations founding remain active today, demonstrating the programs lasting community impact.
Expenses $375,713
As filed on the 2024 return.
Listed in Part VII
-
Amy R BrandAMY R BRAND
CHIEF EXECUTIVE OFFICER
- Total calculated
- $70,088
- From this org
- $70,088
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0 + 40 related
-
Julie BrandtJULIE BRANDT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Vicki PughVICKI PUGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0 + 3 related
-
Karen ConwayKAREN CONWAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Tom ViningTOM VINING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0 + 2 related
-
Evan C DeoulEVAN C DEOUL
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0 + 5 related
-
Michael L KohnerMICHAEL L KOHNER
TREASURER
- Total calculated
- $0
- Hours/week
- 0 + 2 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 July 2026
- IRS schema version
- 2024v5.2
- Source object
- 202631969349301713
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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