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Nonprofiteer
← OUR CHANGE FOUNDATION

Form 990 for tax year 2023

Filed by OUR CHANGE FOUNDATION.

Totals

Total revenue
$2,753,655
Total expenses
$2,059,592
Contributions and grants received
$2,754,047
Grants paid
$1,025,457
Program service revenue
$0
Investment income
-$392
Other revenue
$0
Total assets, end of year
$834,652
Total liabilities, end of year
$9,533
Net assets or fund balances, end of year
$825,119
Program services expenses (Part IX)
$1,026,302
Management and general expenses
$120,278
Fundraising expenses
$913,012
Program service expenses (Part III)
$1,026,302

Program services were 49.8% 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.

  • 1c · Fundraising events

    $1,091,728

  • 1f · All other contributions, gifts and grants

    $1,662,319

  • 1g · Noncash contributions included above

    $104,549

  • 7a · Gross sales of assets other than inventory

    other assets $46,178

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

    other assets $46,570

  • 7c · Gain or loss

    other assets -$392

  • 7d · Net gain or loss

    total -$392 · related or exempt $0

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $1,091,728

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,025,457 · program services $1,025,457

  • 5 · Compensation of officers, directors and key employees

    total $16,168 · management and general $16,168

  • 11b · Fees: legal

    total $37,430 · management and general $37,430

  • 11c · Fees: accounting

    total $65,988 · management and general $65,988

  • 11e · Fees: professional fundraising services

    total $913,012 · fundraising $913,012

  • 14 · Information technology

    total $600 · management and general $600

  • 24a · Other expenses: CURRENCY EXCHANGE FEES

    total $845 · program services $845

  • 24b · Other expenses: BANK FEES

    total $92 · management and general $92

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $46,799 · end of year $349,189

  • 4 · Accounts receivable

    beginning of year $744,227 · end of year $482,035

  • 5 · Loans and receivables from officers and key people

    beginning of year $2,059 · end of year $0

  • 15 · Other assets

    beginning of year $4,130 · end of year $3,428

  • 17 · Accounts payable and accrued expenses

    beginning of year $607,478 · end of year $7,637

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $1,896

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $189,737 · end of year $825,119

Mission and programs · 2023

Mission

OUR CHANGE FOUNDATION (OCF) WILL AIM TO INCREASE SOCIAL GOOD ON THE INTERNET BY EDUCATING THE PUBLIC AND CORPORATIONS ABOUT CHARITABLE CAUSES.

Activities or mission (Part I)

OUR CHANGE FOUNDATION (OCF) WILL FURTHER CHARITABLE AND EDUCATIONAL PURPOSES BY ENGAGING IN THE FOLLOWING SPECIFIC ACTIVITIES. OCF WILL AIM TO INCREASE SOCIAL GOOD ON THE INTERNET BY EDUCATING THE PUBLIC AND CORPORATIONS ABOUT CHARITABLE CAUSES. IN ADDITION, OCF WILL ENCOURAGE BUSINESSES AND OTHERS TO INTEGRATE PHILANTHROPY AND CHARITABLE INITIATIVES INTO THEIR PRACTICES, AND OCF WILL MAKE GRANTS TO QUALIFIED CHARITABLE ORGANIZATIONS RESULTING FROM THIS PHILANTHROPIC SUPPORT. THROUGH OCF'S EFFORTS IN EDUCATING CORPORATIONS AND THE PUBLIC ABOUT CHARITABLE CAUSES, AS WELL AS OCF'S GRANT-MAKING PROGRAM, OCF WILL MAKE IT SEAMLESS FOR CORPORATIONS AND THE PUBLIC TO SUPPORT OCF AND THE CHARITIES THEY LOVE. OCF SERVES AS A MEANS FOR DONORS, COMPANIES AND NONPROFITS TO STREAMLINE CHARITABLE PARTNERSHIPS AND FUNDING.

  • EDUCATING THE PUBLIC AND CORPORATIONS:OUR CHANGE FOUNDATION (OCF) EDUCATED THE PUBLIC AND CORPORATIONS ABOUT CHARITABLE CAUSES AND ACTIVITIES. IT IS CLEAR THAT CORPORATIONS OF ALL TYPES HAVE BECOME MORE INVOLVED IN SUPPORTING CHARITABLE CAUSES AND INTERESTED IN PHILANTHROPY AND CHARITABLE GIVING. THIS IS EVIDENT IN CORPORATE MARKETING IN COMMERCIALS EMPHASIZING PHILANTHROPY AND IN SOCIAL MEDIA ADVERTISING THROUGH CHARITABLE SALES PROMOTIONS AND OTHER CORPORATE EFFORTS. AS SUCH, OCF IDENTIFIED THOSE CORPORATIONS THAT ARE INTERESTED IN CHARITABLE CAUSES AND IN MAKING CHARITABLE CONTRIBUTIONS AND CONTACT THOSE CORPORATIONS TO EDUCATE THEM ABOUT CERTAIN IMPORTANT CHARITABLE CAUSES AND ORGANIZATIONS. OCF RESEARCHED AND IDENTIFIED CORPORATIONS INTERESTED IN CHARITABLE CAUSES AND PHILANTHROPY AND THROUGH ITS OUTREACH EFFORTS, CONTACTED THESE CORPORATIONS AND PROVIDED THEM WITH EDUCATION ABOUT THOSE CAUSES WITH WHICH OCF HAS INTEREST AND DESCRIBED IN DETAIL BELOW. OCF ALSO EDUCATED THE PUBLIC AT LARGE ABOUT CERTAIN IMPORTANT CHARITABLE CAUSES AND ORGANIZATIONS. OCF PROVIDES EDUCATION TO CORPORATIONS AND TO THE PUBLIC FREE OF CHARGE. IT IS IMPORTANT TO NOTE THAT ANY AND ALL CAUSES FOR WHICH OCF EDUCATES THE PUBLIC AND CORPORATIONS ABOUT WILL SUPPORT AND REFLECT THOSE PURPOSES DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

  • CONTRIBUTIONS TO OTHER ORGANIZATIONS:IN ADDITION TO EDUCATING THE PUBLIC AND CORPORATIONS ABOUT THESE CAUSES AND ENCOURAGING THE PUBLIC AND CORPORATIONS TO CONTRIBUTE TO ORGANIZATIONS THAT FURTHER THESE IMPORTANT EDUCATIONAL AND CHARITABLE CAUSES, OUR CHANGE FOUNDATION (OCF) ALSO MADE GRANTS TO TAX-EXEMPT ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. BY USING OCF'S GIVING AND GRANT-MAKING PROCEDURES, DONORS CAN BE CONFIDENT THAT THEIR DONATIONS SUPPORT QUALIFIED CHARITABLE ORGANIZATIONS SAFELY AND SECURELY. OCF BROUGHT AND WILL CONTINUE TO BRING UP-TO-DATE GRANT-MAKING TECHNOLOGY TO THE NONPROFIT SECTOR. THIS EMPOWERED NONPROFITS TO BE ON THE FRONTIER OF TECHNOLOGY, AND GROW THEIR REACH AND MISSION AT THE SPEED OF INNOVATION. OCF ALONG WITH ITS SISTER COMPANY, GETCHANGE CORPORATION, ALLOWS THE ACCEPTANCE OF NEW FORMS OF DONATIONS SUCH AS DIGITAL CURRENCY AND PROVIDES SUCH A PLATFORM FOR DONATIONS TO BE MADE THAT ARE "OTHER THAN CASH" SO THAT THE OPPORTUNITIES FOR OCF EXPANDS THEIR AUDIENCE FOR CONTRIBUTIONS.

    Expenses $1,026,302 · Grants $1,025,457 · Revenue $2,694,974

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sonia Nigam

    CEO & SECRETARY

    Total calculated
    $8,084
    From this org
    $0
    From related orgs
    $8,084
    Other
    $0
    Hours/week
    2

  • Amar Shah

    PRESIDENT & TREASURER

    Total calculated
    $8,084
    From this org
    $0
    From related orgs
    $8,084
    Other
    $0
    Hours/week
    2

  • Ben Levy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Claire Manaois

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • James Siegal

    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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • GETCHANGE CORPORATION

    C · TECHNOLOGY COMPANY · DE

Provenance

Return type
form_990
Tax year
2023
Filed
4 June 2024
IRS schema version
2023v5.0
Source object
202411579349300826

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

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