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Nonprofiteer
← THE AMERICAN CENTER FOR PHILANTHROPY INC

Form 990 for tax year 2023

Filed by THE AMERICAN CENTER FOR PHILANTHROPY INC.

Totals

Total revenue
$5,365,464
Total expenses
$5,316,889
Contributions and grants received
$3,243,588
Grants paid
$5,039,537
Program service revenue
$0
Investment income
$2,121,876
Other revenue
$0
Total assets, end of year
$41,244,300
Total liabilities, end of year
$212,734
Net assets or fund balances, end of year
$41,031,566
Program services expenses (Part IX)
$5,122,492
Management and general expenses
$194,397
Fundraising expenses
$0
Program service expenses (Part III)
$5,122,492

Program services were 96.3% 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

    $3,243,588

  • 1g · Noncash contributions included above

    $3,150,238

  • 3 · Investment income

    total $886,276 · excluded $886,276

  • 7a · Gross sales of assets other than inventory

    securities $17,870,868

  • 7b · Less cost or other basis and sales expenses

    securities $16,635,268

  • 7c · Gain or loss

    securities $1,235,600

  • 7d · Net gain or loss

    total $1,235,600 · excluded $1,235,600

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,039,537 · program services $5,039,537

  • 11a · Fees: management

    total $34,400 · management and general $34,400

  • 11c · Fees: accounting

    total $13,428 · management and general $13,428

  • 11f · Fees: investment management

    total $225,298 · program services $81,107 · management and general $144,191

  • 23 · Insurance

    total $2,378 · management and general $2,378

  • 24a · Other expenses: MISCELLANEOUS

    total $1,848 · program services $1,848

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,654,906 · end of year $1,597,535

  • 11 · Investments: publicly traded securities

    beginning of year $35,591,796 · end of year $39,646,765

  • 18 · Grants payable

    beginning of year $24,500 · end of year $212,734

  • 27 · Net assets without donor restrictions

    beginning of year $38,222,202 · end of year $41,031,566

Mission and programs · 2023

Mission

PROMOTE PHILANTHROPY BY PROVIDING EFFECTIVE, EFFICIENT, AND FLEXIBLE MEANS FOR INDIVIDUALS TO CARRY OUT THEIR PERSONAL CHARITABLE OBJECTIVES BY UTILIZING DONOR ADVISED FUNDS.

Activities or mission (Part I)

SUPPORT INDIVIDUALS AND NON-PROFIT ORGANIZATIONS IN THE TRANSFER OF SOCIAL CAPITAL TO A MEANINGFUL AND EFFECTIVE PURPOSE.

  • THE AMERICAN CENTER FOR PHILANTHROPY PROMOTES PHILANTHROPY BY PROVIDING EFFECTIVE, EFFICIENT, AND FLEXIBLE MEANS FOR INDIVIDUALS TO CARRY OUT THEIR PERSONAL CHARITABLE OBJECTIVES BY UTILIZING DONOR ADVISED FUNDS. THE CENTER MADE 899 GRANTS TO CHARITABLE ORGANIZATIONS DURING 2023.

    Expenses $5,122,492 · Grants $5,039,537

As filed on the 2023 return.

Listed in Part VII

  • Gregory A Carlson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Richard Estenson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Arthur Monaghan

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Blake Abdella

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Andy Hauskins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jim Weinzettel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
28 October 2024
IRS schema version
2023v5.1
Source object
202443099349301139

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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