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← PLEDGELING FOUNDATION

Form 990 for tax year 2023

Filed by PLEDGELING FOUNDATION.

Totals

Total revenue
$59,729,499
Total expenses
$54,205,605
Contributions and grants received
$59,355,113
Grants paid
$36,445,334
Program service revenue
$0
Investment income
$63,044
Other revenue
$311,342
Total assets, end of year
$11,036,800
Total liabilities, end of year
$4,711,917
Net assets or fund balances, end of year
$6,324,883
Program services expenses (Part IX)
$36,445,334
Management and general expenses
$0
Fundraising expenses
$17,760,271
Program service expenses (Part III)
$36,445,334

Program services were 67.2% 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

    $59,355,113

  • 1g · Noncash contributions included above

    $489,282

  • 3 · Investment income

    total $63,044 · excluded $63,044

  • 11a · Other revenue: CARD FEE REIMBURSEMENT

    total $311,342 · excluded $311,342

  • 11e · Other revenue, total

    $311,342

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $36,117,914 · program services $36,117,914

  • 3 · Grants to foreign organizations and individuals

    total $327,420 · program services $327,420

  • 11b · Fees: legal

    total $17,715 · fundraising $17,715

  • 11c · Fees: accounting

    total $35,353 · fundraising $35,353

  • 11e · Fees: professional fundraising services

    total $17,586,071 · fundraising $17,586,071

  • 24a · Other expenses: CUSTOMER SUPPORT

    total $93,531 · fundraising $93,531

  • 24b · Other expenses: REGULATORY

    total $20,104 · fundraising $20,104

  • 24c · Other expenses: BANK SERVICE CHARGES

    total $7,497 · fundraising $7,497

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,947,286 · end of year $6,204,594

  • 4 · Accounts receivable

    beginning of year $477,627 · end of year $2,732,195

  • 11 · Investments: publicly traded securities

    end of year $2,100,011

  • 17 · Accounts payable and accrued expenses

    beginning of year $96,131 · end of year $3,450

  • 18 · Grants payable

    beginning of year $2,527,793 · end of year $4,708,467

  • 27 · Net assets without donor restrictions

    beginning of year $800,989 · end of year $6,324,883

Mission and programs · 2023

Mission

THE PLEDGELING FOUNDATION OPERATES A CLEARINGHOUSE FOR DONOR-ADVISED CHARITABLE DONATIONS TO UNRELATED THIRD-PARTY ORGANIZATIONS.

  • THE FOUNDATION MADE PASS-THROUGH GRANTS TO APPROXIMATELY 23,000 ORGANIZATIONS.

    Expenses $36,445,334 · Grants $36,445,334

As filed on the 2023 return.

Listed in Part VII

  • MATTHEW P MINNIS

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • JAMES CITRON

    PRESIDENT

    Total calculated
    $278,403
    From this org
    $0
    From related orgs
    $234,888
    Other
    $43,515
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $234,888 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,160 related
    Nontaxable benefits
    $0 + $33,355 related
    Filer's total
    $0 + $278,403 related

  • CASSANDRA FOWLER

    DIRECTOR (AS OF 6/10/23)

    Total calculated
    $146,498
    From this org
    $0
    From related orgs
    $121,954
    Other
    $24,544
    Hours/week
    1

  • SANDRA BRASS

    DIRECTOR (THRU 6/9/23)

    Total calculated
    $0
    Hours/week
    1

  • RICHARD RODERICK

    DIRECTOR (THRU 6/9/23)

    Total calculated
    $0
    Hours/week
    1

  • BRAD LYNCH

    DIRECTOR (THRU 6/9/23)

    Total calculated
    $0
    Hours/week
    1

  • JOHN HAND

    DIRECTOR (THRU 6/9/23)

    Total calculated
    $0
    Hours/week
    1

  • GREGORY YORKE

    SECRETARY/TREASURER

    Total calculated
    $174,680
    From this org
    $0
    From related orgs
    $164,314
    Other
    $10,366
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $0 + $164,314 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,700 related
    Nontaxable benefits
    $0 + $1,666 related
    Filer's total
    $0 + $174,680 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. 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
27 September 2024
IRS schema version
2023v5.1
Source object
202422769349300502

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