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← NATIONAL CHARITABLE FUND INC

Form 990 for tax year 2023

Filed by NATIONAL CHARITABLE FUND INC.

Totals

Total revenue
$10,817,396
Total expenses
$971,994
Contributions and grants received
$9,959,750
Grants paid
$785,549
Program service revenue
$0
Investment income
$857,646
Other revenue
$0
Total assets, end of year
$16,947,963
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$16,947,963
Program services expenses (Part IX)
$807,296
Management and general expenses
$164,219
Fundraising expenses
$479
Program service expenses (Part III)
$807,296

Program services were 83.1% 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

    $9,959,750

  • 1g · Noncash contributions included above

    $6,845,574

  • 3 · Investment income

    total $306,146 · excluded $306,146

  • 7a · Gross sales of assets other than inventory

    securities $23,775,688

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

    securities $23,224,188

  • 7c · Gain or loss

    securities $551,500

  • 7d · Net gain or loss

    total $551,500 · excluded $551,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $765,549 · program services $765,549

  • 3 · Grants to foreign organizations and individuals

    total $20,000 · program services $20,000

  • 11a · Fees: management

    total $50,321 · management and general $50,321

  • 11b · Fees: legal

    total $21,145 · management and general $21,145

  • 11c · Fees: accounting

    total $8,525 · management and general $8,525

  • 11f · Fees: investment management

    total $76,948 · management and general $76,948

  • 13 · Office expenses

    total $5,244 · management and general $5,244

  • 22 · Depreciation, depletion and amortization

    total $7,047 · program services $7,047

  • 24a · Other expenses: TRANSCRIPTION/EDITING

    total $9,789 · program services $9,789

  • 24b · Other expenses: WEBSITE MAINTENANCE WMF

    total $4,911 · program services $4,911

  • 24c · Other expenses: TAXES & LICENSES

    total $1,819 · management and general $1,819

  • 24d · Other expenses: EVENT COSTS

    total $479 · fundraising $479

  • 24e · All other expenses

    total $217 · management and general $217

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $151,656 · end of year $92,659

  • 2 · Savings and temporary cash investments

    beginning of year $291,307 · end of year $668,096

  • 3 · Pledges and grants receivable

    beginning of year $50

  • 11 · Investments: publicly traded securities

    beginning of year $6,511,817 · end of year $15,625,341

  • 12 · Investments: other securities

    end of year $550,000

  • 14 · Intangible assets

    beginning of year $12,331 · end of year $5,284

  • 15 · Other assets

    beginning of year $6,583 · end of year $6,583

  • 27 · Net assets without donor restrictions

    beginning of year $6,973,744 · end of year $16,947,963

Mission and programs · 2023

Mission

NATIONAL CHARITABLE FUND, INC ASSISTS CLIENTS IN MAKING A MEANINGFUL INPACT ON IMPORTANT CAUSES BY FACILITATING THE DISTRIBUTION OF CHARITABLE DONATIONS TO OTHER ORGANIZATIONS

  • NATIONAL CHARITABLE FUND, INC WAS CREATED TO HELP CLIENTS MAKE GRANTS TO 501(C)(3) ORGANIZATIONS FROM FIELD OF INTEREST AND/OR DONOR ADVISED FUNDS, WHICH ALLOWS DONORS TO MAKE RECOMMENDATIONS REGARDING GRANTS FROM THE FUNDS TO CHARITABLE ORGANIZATIONS. THESE GRANTS HELP NUMEROUS CHARITABLE ORGANIZATIONS WITH BOTH THEIR OPERATING COSTS AND/OR SPECIAL PROJECTS. EXPENSES ASSOCIATED WITH THE FUND ARE TO ASSIST IN THE ADMINISTRATION AND OVERSIGHT TO SUPPORT THE GRANT MAKING ACTIVITIES.

    Expenses $807,296 · Grants $785,549

As filed on the 2023 return.

Listed in Part VII

  • Donald E Brown

    PRESIDENT

    Total calculated
    $0

  • Susan Brown

    EXECUTIVE DI

    Total calculated
    $0

  • Stacy Sullivan

    SECRETARY

    Total calculated
    $0

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

  • ADVENT HEALTH FOUNDATION

    $327,500

    SCHOOL OF NURSING

  • THE COLLABORATIVE INC

    $63,000

    OPERATIONAL SUPPORT

  • ORLANDO HEALTH FOUNDATION

    $52,000

    OPERATIONAL SUPPORT

  • GRACE MEDICAL HOME

    $50,150

    OPERATIONAL SUPPORT

  • LA AMISTAD

    $29,900

    OPERATIONAL SUPPORT

  • MONTREAT COLLEGE

    $28,000

    OPERATIONAL SUPPORT

  • BOYS & GIRLS CLUB OF THE PLATEAU

    $25,000

    OPERATIONAL SUPPORT

  • FIRST PRESBYTERIAN CHURCH OF ORLAND

    $20,000

    OPERATIONAL SUPPORT

  • MARYVILLE ALCOA ANIMAL RESCUE

    $12,000

    OPERATIONAL SUPPORT

  • MARINE DISCOVERY CENTER

    $10,500

    OPERATIONAL SUPPORT

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

Provenance

Return type
form_990
Tax year
2023
Filed
16 March 2024
IRS schema version
2023v6.0
Source object
202501349349300915

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

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