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Nonprofiteer
← GIVING BACK FUND INC

Form 990 for tax year 2024

Filed by GIVING BACK FUND INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 , filed 15 February 2026. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$33,793,580
Total expenses
$31,126,749
Contributions and grants received
$33,176,797
Grants paid
$14,895,221
Program service revenue
$26,752
Investment income
$9,597
Other revenue
$580,434
Total assets, end of year
$16,605,579
Total liabilities, end of year
$858,951
Net assets or fund balances, end of year
$15,746,628
Program services expenses (Part IX)
$27,719,148
Management and general expenses
$2,026,574
Fundraising expenses
$1,381,027
Program service expenses (Part III)
$27,719,148

Program services were 89.1% 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

    $33,176,797

  • 1g · Noncash contributions included above

    $7,314

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $26,752 · related or exempt $26,752

  • 3 · Investment income

    total $9,597 · excluded $9,597

  • 11a · Other revenue: UNCLAIMED REVENUE

    total $457,626 · related or exempt $457,626

  • 11b · Other revenue: MANAGEMENT FEE REVENUE

    total $99,625 · related or exempt $99,625

  • 11c · Other revenue: DORMANCY FEE REVENUE

    total $13,258 · related or exempt $13,258

  • 11d · All other revenue

    total $9,925 · related or exempt $9,925

  • 11e · Other revenue, total

    $580,434

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $14,895,221 · program services $14,895,221

  • 5 · Compensation of officers, directors and key employees

    total $250,000 · program services $250,000

  • 7 · Other salaries and wages

    total $1,389,214 · program services $1,224,684 · management and general $160,235 · fundraising $4,295

  • 9 · Other employee benefits

    total $43,326 · program services $38,977 · management and general $4,235 · fundraising $114

  • 10 · Payroll taxes

    total $142,811 · program services $128,477 · management and general $13,960 · fundraising $374

  • 11a · Fees: management

    total $1,090,686 · management and general $1,090,686

  • 12 · Advertising and promotion

    total $156,009 · program services $140,350 · management and general $15,250 · fundraising $409

  • 13 · Office expenses

    total $105,226 · program services $94,665 · management and general $10,286 · fundraising $275

  • 16 · Occupancy

    total $58,173 · program services $52,334 · management and general $5,687 · fundraising $152

  • 17 · Travel

    total $744,946 · program services $670,175 · management and general $72,819 · fundraising $1,952

  • 19 · Conferences, conventions and meetings

    total $1,327,671 · fundraising $1,327,671

  • 23 · Insurance

    total $45,994 · program services $41,377 · management and general $4,496 · fundraising $121

  • 24a · Other expenses: PROFESSIONAL FEES

    total $6,110,702 · program services $5,315,836 · management and general $779,384 · fundraising $15,482

  • 24b · Other expenses: CHARITABLE CONTRIBUTIONS

    total $3,553,760 · program services $3,553,760

  • 24c · Other expenses: OTHER EXPENSES

    total $424,945 · program services $347,272 · management and general $50,162 · fundraising $27,511

  • 24d · Other expenses: MISCELLANEOUS EXPENSES

    total $413,708 · program services $634,106 · management and general -$222,245 · fundraising $1,847

  • 24e · All other expenses

    total $374,357 · program services $331,914 · management and general $41,619 · fundraising $824

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,700,994 · end of year $11,055,166

  • 3 · Pledges and grants receivable

    beginning of year $93,710

  • 4 · Accounts receivable

    end of year $9,717

  • 9 · Prepaid expenses and deferred charges

    beginning of year $984 · end of year $29,588

  • 12 · Investments: other securities

    beginning of year $6,045,178 · end of year $5,214,636

  • 15 · Other assets

    beginning of year $490,109 · end of year $296,472

  • 17 · Accounts payable and accrued expenses

    beginning of year $949,271 · end of year $823,007

  • 19 · Deferred revenue

    beginning of year $7,339

  • 25 · Other liabilities

    beginning of year $274,980 · end of year $35,944

  • 27 · Net assets without donor restrictions

    beginning of year $4,615,224 · end of year $7,173,849

  • 28 · Net assets with donor restrictions

    beginning of year $8,484,161 · end of year $8,572,779

Mission and programs · 2024

Mission

TO IMPROVE LIVES BY EXPANDING THE NUMBER OF PEOPLE AND THE AMOUNT OF RESOURCES DEDICATED TO GIVING.

Activities or mission (Part I)

THE GIVING BACK FUND (GBF) IS A NATIONAL NON-PROFIT ORGANIZATION WITH A GLOBAL REACH THAT FACILITATES PHILANTHROPIC GIVING BY PROVIDING CONSULTING, MANAGEMENT, AND ADMINISTRATIVE SERVICES UNDER A GOVERNANCE STRUCTURE SIMILAR TO A COMMUNITY FOUNDATION. WITH MORE THAN 250 YEARS OF COMBINED WORLD-CLASS EXPERTISE, OUR TEAM OF PHILANTHROPY PROFESSIONALS HAS HELPED OUR CLIENTS CREATE MORE THAN 750 INDIVIDUAL FOUNDATIONS AND FISCALLY SPONSORED PROJECTS ACROSS THE GLOBE. OUR CLIENTS INCLUDE ATHLETES, ENTERTAINERS, BUSINESS ENTREPRENEURS, CORPORATIONS, AND OTHERS ALL WITH A COMMON GOAL TO MAKE THIS A BETTER WORLD.

  • 1. NEXUS IS A GLOBAL COMMUNITY FOUNDED TO BRIDGE COMMUNITIES OF WEALTH AND SOCIAL ENTREPRENEURSHIP. WITH OVER 6,000 MEMBERS FROM 70 COUNTRIES, NEXUS WORK TO UNITE YOUNG INVESTORS, SOCIAL ENTREPRENEURS, PHILANTHROPISTS, AND ALLIES TO CATALYZE NEW LEADERSHIP AND ACCELERATE NEEDED POLITICAL, SOCIETAL, INDIGENOUS, FINANCIAL, ENVIRONMENTAL, AND EQUAL JUSTICE SOLUTIONS. FOUR GLOBAL SUMMITS WERE HELD IN 2024 SPANNING THE GLOBE. 2. TRIBE OF NOVA FOUNDATION IS A NON-PROFIT ORGANIZATION INITIATED RIGHT AFTER THE ATROCITIES ON OCTOBER 7TH, BY THE PRODUCERS OF THE SUPER NOVA FESTIVAL. NOVAS GOAL IS TO SUPPORT THE LONG-TERM RECOVERY FROM TRAUMA FOR THE 3,500 SURVIVORS AND 2,500 MEMBERS OF THE BEREAVED FAMILIES. IN 2024, NOVA PROVIDED A COMMUNITY-BASED SUPPORT SYSTEM THAT FOSTERS POST-TRAUMATIC GROWTH, REDUCES ISOLATION, ENHANCES RESILIENCE, STRENGTHENS MENTAL HEALTH, AND MITIGATES THE RISKS OF TRAUMA. IN ADDITION TO HONORING THE MEMORY OF THE LOST LOVED ONES, THE COMPREHENSIVE PROGRAM IS DESIGNED OF MANY SUB PROGRAMS ADDRESSING VARIOUS NEEDS OF OUR COMMUNITY LED BY PROFESSIONALS IN THEIR FIELD AND IN PARTNERSHIP WITH MANY SUPPORTING ORGANIZATIONS. 3. THE MENTAL WEALTH ALLIANCE (MWA) IS CHARLAMAGNE THA GODS VISION TO CLOSE THE GAP OF AWARENESS ABOUT AND ACCESS TO MENTAL HEALTH FOR THE BLACK COMMUNITY THROUGH THREE PILLARS OF IMPACT: TRAIN, TEACH, AND TREAT. THROUGH TRAINING FACILIZES (GYMS) AND AN ANNUAL MENTAL WEALTH EXPO, THE ORGANIZATION MOBILIZED RESOURCES ACROSS THE U.S. FOR BLACK AND BIPOC INDIVIDUALS.

    Expenses $27,719,148 · Grants $14,895,221 · Revenue $26,752

  • THE ORGANIZATION CHARGES A MANAGEMENT FEE TO THE VARIOUS FUNDS HELD. APPROXIMATELY 1.1M IN MANAGEMENT FEES WAS EARNED DURING 2024. THESE FEES ARE EXPENDED TO SUPPORT THE ORGANIZATION'S MANAGEMENT AND GENERAL EXPENSES OF THE ORGANIZATION.

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

Listed in Part VII

  • Rachel Gerrol

    NEXUS EXE. D

    Total calculated
    $286,917
    From this org
    $286,917
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $286,917
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $286,917

  • Marc Pollick

    FOUNDER & PR

    Total calculated
    $250,000
    From this org
    $250,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $250,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $250,000

  • Elizabeth Heavener

    NEXUS COO

    Total calculated
    $225,000
    From this org
    $225,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $225,000

  • Ebone Holloway

    NEXUS DIRECT

    Total calculated
    $175,000
    From this org
    $175,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $175,000

  • David Brand

    DIRECTOR

    Total calculated
    $0

  • Bradley Dock

    DIRECTOR

    Total calculated
    $0

  • Abhi Goel

    DIRECTOR

    Total calculated
    $0

  • Andrew Havill

    DIRECTOR

    Total calculated
    $0

  • Prashanth Palakurthi

    CHAIRMAN OF

    Total calculated
    $0
    Hours/week
    2

  • Craig Szabo

    TREASURER

    Total calculated
    $0
    Hours/week
    2

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

None.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 February 2026
IRS schema version
2024v5.0
Source object
202600499349301960

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