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← B CHARITABLE INC

Form 990 for tax year 2024

Filed by B CHARITABLE INC.

Totals

Total revenue
$2,590,220
Total expenses
$744,578
Contributions and grants received
$2,553,197
Grants paid
$709,202
Program service revenue
$0
Investment income
$37,023
Other revenue
$0
Total assets, end of year
$2,948,518
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,948,518
Program services expenses (Part IX)
$744,578
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$744,578

Program services were 100.0% 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

    $2,553,197

  • 1g · Noncash contributions included above

    $1,105,668

  • 3 · Investment income

    total $39,621 · related or exempt $39,621

  • 7a · Gross sales of assets other than inventory

    securities $76,811

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

    securities $79,409

  • 7c · Gain or loss

    securities -$2,598

  • 7d · Net gain or loss

    total -$2,598 · related or exempt -$2,598

  • 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 $709,202 · program services $709,202

  • 11c · Fees: accounting

    total $1,470 · program services $1,470

  • 14 · Information technology

    total $32,142 · program services $32,142

  • 24a · Other expenses: Bank Fees

    total $1,764 · program services $1,764

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $944,159 · end of year $2,948,185

  • 3 · Pledges and grants receivable

    beginning of year $4,053 · end of year $333

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,815

  • 27 · Net assets without donor restrictions

    beginning of year $942,397 · end of year $2,948,518

Mission and programs · 2024

Mission

The corporation is organized and shall be operated exclusively for charitable purposes as set forth in Sectin 501 (c)(3)such as making distributions to organizatons that are recognized as exempt from federal income tax under Code Section 501 (c)(3).

  • To Facilitate and increase individual support for Charitable organizations. Over $700,000 was granted to public charities, religious organizations, and private operating foundations.

    Expenses $744,578 · Revenue $2,590,220

As filed on the 2024 return.

Listed in Part VII

  • Charles Anderson III

    Director

    Total calculated
    $0
    Hours/week
    0.16 + 0.16 related

  • J Addam Evans

    Director

    Total calculated
    $0
    Hours/week
    0.16 + 0.16 related

  • Andrew A Gearhart

    Director

    Total calculated
    $0
    Hours/week
    0.16 + 0.16 related

  • Jonathan L Shugart

    Vice President and Secretary

    Total calculated
    $0
    Hours/week
    0.58 + 0.58 related

  • Jonathan Shugart Jr

    President and Treasurer

    Total calculated
    $0
    Hours/week
    0.58 + 0.58 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

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

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533229349300313

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

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