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Nonprofiteer
← TISBEST PHILANTHROPY

Form 990 for tax year 2024

Filed by TISBEST PHILANTHROPY.

Totals

Total revenue
$8,793,056
Total expenses
$8,449,718
Contributions and grants received
$8,650,888
Grants paid
$7,335,981
Program service revenue
$75,051
Investment income
$67,117
Other revenue
$0
Total assets, end of year
$2,192,711
Total liabilities, end of year
$1,848,346
Net assets or fund balances, end of year
$344,365
Program services expenses (Part IX)
$8,088,335
Management and general expenses
$286,893
Fundraising expenses
$74,490
Program service expenses (Part III)
$8,088,335

Program services were 95.7% 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

    $8,650,888

  • 2a · Program service revenue: PROGRAM FEES

    total $75,051 · related or exempt $75,051

  • 3 · Investment income

    total $67,117 · excluded $67,117

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,335,981 · program services $7,335,981

  • 5 · Compensation of officers, directors and key employees

    total $195,000 · program services $136,500 · management and general $39,000 · fundraising $19,500

  • 7 · Other salaries and wages

    total $239,921 · program services $195,048 · management and general $28,687 · fundraising $16,186

  • 9 · Other employee benefits

    total $31,205 · program services $24,964 · management and general $4,681 · fundraising $1,560

  • 10 · Payroll taxes

    total $23,918 · program services $19,134 · management and general $3,588 · fundraising $1,196

  • 11b · Fees: legal

    total $2,448 · management and general $2,448

  • 11c · Fees: accounting

    total $124,185 · management and general $124,185

  • 11g · Fees: other

    total $25,635 · program services $18,486 · management and general $5,993 · fundraising $1,156

  • 12 · Advertising and promotion

    total $83,196 · program services $66,557 · fundraising $16,639

  • 13 · Office expenses

    total $70,658 · program services $56,526 · management and general $10,599 · fundraising $3,533

  • 14 · Information technology

    total $230,055 · program services $184,044 · management and general $34,508 · fundraising $11,503

  • 16 · Occupancy

    total $22,656 · program services $18,125 · management and general $3,398 · fundraising $1,133

  • 17 · Travel

    total $237 · program services $201 · fundraising $36

  • 20 · Interest

    total $4,125 · management and general $4,125

  • 23 · Insurance

    total $12,620 · management and general $12,620

  • 24a · Other expenses: BANK/CREDIT CARD FEES

    total $22,194 · program services $17,755 · management and general $3,329 · fundraising $1,110

  • 24b · Other expenses: POSTAGE & SHIPPING

    total $11,119 · program services $8,895 · management and general $1,668 · fundraising $556

  • 24c · Other expenses: BAD DEBT

    total $6,917 · management and general $6,917

  • 24d · Other expenses: LICENSES

    total $5,080 · program services $4,064 · management and general $762 · fundraising $254

  • 24e · All other expenses

    total $2,568 · program services $2,055 · management and general $385 · fundraising $128

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $353,127

  • 2 · Savings and temporary cash investments

    beginning of year $834,384 · end of year $1,938,099

  • 4 · Accounts receivable

    beginning of year $87,153 · end of year $140,565

  • 8 · Inventories for sale or use

    beginning of year $115,412 · end of year $80,439

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,387 · end of year $12,403

  • 15 · Other assets

    beginning of year $41,452 · end of year $21,205

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,687 · end of year $45,896

  • 18 · Grants payable

    beginning of year $1,188,749 · end of year $1,630,601

  • 24 · Unsecured notes and loans payable

    beginning of year $150,000 · end of year $150,000

  • 25 · Other liabilities

    beginning of year $41,452 · end of year $21,849

  • 27 · Net assets without donor restrictions

    beginning of year -$346,979 · end of year -$1,117,091

  • 28 · Net assets with donor restrictions

    beginning of year $348,006 · end of year $1,461,456

Mission and programs · 2024

Mission

TISBEST PHILANTHROPY CONNECTS BUSINESSES AND INDIVIDUALS WITH IMPORTANT CAUSES BY REPLACING GIFTS OF "STUFF" WITH GIFTS OF "GOOD."

  • CHARITY GIFT CARD SPECIAL PROGRAM: THE CHARITY GIFT CARD SPECIAL PROGRAM, FUELED BY A GENEROUS DONATION FROM A VALUED CUSTOMER, AIMED TO ELEVATE CHARITABLE GIVING DURING THE HOLIDAY SEASON THROUGH A CUSTOM CHARITY SELECTION EXPERIENCE AND WEEKLY CHARITY DISTRIBUTION PROCESS. THROUGH THE DISTRIBUTION OF CHARITY GIFT CARDS, THIS PROGRAM ENABLED RECIPIENTS TO DIRECT FUNDS TO THE CHARITIES OF THEIR CHOICE, SHOWCASING OUR COMMITMENT TO SPREADING PHILANTHROPY AND SUPPORTING A WIDE RANGE OF CAUSES NATIONALLY AND INTERNATIONALLY. THIS INITIATIVE IS ALL ABOUT MAKING IT EASY AND IMPACTFUL FOR PEOPLE TO CONTRIBUTE TO THE GREATER GOOD. EVERY SINGLE DOLLAR OF THE OVER $5.8 MILLION DONATED FOR THIS CAMPAIGN WENT STRAIGHT TO CHARITY, THANKS TO THE COMPLETE FUNDING OF THE CAMPAIGN THROUGH DONATIONS FROM OUR CUSTOMER. WE MADE SURE THAT 100% OF THIS GENEROUS CONTRIBUTION WAS USED TO DISTRIBUTE THE CHARITY GIFT CARDS, ENSURING AN EFFICIENT AND IMPACTFUL DELIVERY OF THE PROGRAM. OUR APPROACH WAS ALL ABOUT MAKING SURE THE MAXIMUM POSSIBLE AMOUNT REACHED THE CHARITIES, WITH NO ADMINISTRATIVE COSTS EATING INTO THE FUNDS MEANT FOR THOSE IN NEED.

    Expenses $5,832,750 · Grants $5,832,750 · Revenue $75,051

  • CHARITY GIFT CARD PROGRAM FOR BUSINESSES AND CONSUMERS: THE CHARITY GIFT CARD PROGRAM IS DESIGNED TO EMPOWER BOTH BUSINESSES AND CONSUMERS TO GIVE GIFTS OF CHARITY WHERE THEY MIGHT TRADITIONALLY GIVE A MATERIAL GIFT. BY PURCHASING GIFT CARDS, RECIPIENTS CAN ALLOCATE THE FUNDS TO ANY OF THE NUMEROUS U.S. CHARITIES. THIS INNOVATIVE APPROACH ENCOURAGES PHILANTHROPY AND SOCIAL RESPONSIBILITY BY MAKING CHARITABLE GIVING ACCESSIBLE AND PERSONALIZED. THE PROGRAM HAS SIGNIFICANTLY INCREASED CHARITABLE DONATIONS AND AWARENESS FOR VARIOUS CAUSES. IT HAS ENGAGED THOUSANDS OF BUSINESSES AND INDIVIDUAL CONSUMERS IN PHILANTHROPY. SUCCESS STORIES INCLUDE FUNDING FOR EDUCATION, HEALTHCARE, ENVIRONMENTAL CONSERVATION, AND MORE, DIRECTLY ATTRIBUTING TO THE GENEROSITY FACILITATED THROUGH THESE GIFT CARDS. THE CHARITY GIFT CARD PROGRAM HAS MANAGED TO ALLOCATE MILLIONS OF DOLLARS TO CHARITABLE ORGANIZATIONS. FOR THE FY 2025 REPORTING PERIOD, A TOTAL EXPENDITURE OF $513,000 WAS INVESTED IN THE PROGRAM, COVERING OPERATIONAL COSTS, PUBLIC EDUCATION, AND THE DIRECT FUNDING OF CHARITIES THROUGH REDEEMED GIFT CARDS.

    Expenses $1,265,585 · Grants $513,231

  • REDEFINE GIFTING CAMPAIGN - HOLIDAY SEASON INITIATIVE: THE REDEFINE GIFTING CAMPAIGN'S HOLIDAY SEASON INITIATIVE IS A LANDMARK PROGRAM AIMED AT TRANSFORMING THE TRADITIONAL GIFT-GIVING CULTURE INTO A FORCE FOR GOOD. THANKS TO THE GENEROUS CONTRIBUTIONS FROM NOTABLE PHILANTHROPISTS AND CELEBRITIES, INCLUDING RAY DALIO AND PAUL TUDOR JONES, THE INITIATIVE SOUGHT TO PROMOTE PHILANTHROPY AND SUPPORT FOR NONPROFIT ORGANIZATIONS THROUGH THE DISTRIBUTION OF CHARITY GIFT CARDS. THE $990,000 RAISED FOR THIS INITIATIVE WAS STRATEGICALLY UTILIZED TO FUND THE CREATION AND DISTRIBUTION OF THE 20,000 CHARITY GIFT CARDS. THIS INVESTMENT REFLECTS A DIRECT APPLICATION OF PHILANTHROPIC FUNDS TOWARDS ENGAGING THE PUBLIC IN CHARITABLE GIVING, WITH 100% OF THE FUNDS ALLOCATED TO THE CHARITY GIFT CARDS. THE INITIATIVE DEMONSTRATES A COMMITMENT TO MAXIMIZING THE IMPACT OF EACH DONATION, ENSURING THAT THE ENTIRETY OF THE FUNDS CONTRIBUTED BY OUR ESTEEMED DONORS DIRECTLY SUPPORTED THE CHARITABLE CAUSES CHOSEN BY THE GIFT CARD RECIPIENTS.

    Expenses $990,000 · Grants $990,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • RICHARD GOLD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • KENDALL WEBB

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • JIM PHILLIPS

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1

  • PETER LINDBURG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • SIMEON CATHEY

    MANAGING DIRECTOR

    Total calculated
    $195,000
    From this org
    $195,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $195,000

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
13 January 2026
IRS schema version
2024v5.5
Source object
202640229349300809

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

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