Form 990 for tax year 2022

Totals

Total revenue

$4,895,656

Total expenses

$5,992,890

Contributions and grants received

$4,896,009

Grants paid

$4,925,757

Program service revenue

$0

Investment income

-$353

Other revenue

$0

Total assets, end of year

$1,689,267

Total liabilities, end of year

$942,722

Net assets or fund balances, end of year

$746,545

Program services expenses (Part IX)

$5,941,921

Management and general expenses

$50,969

Fundraising expenses

$0

Program service expenses (Part III)

$5,941,921

Program services were 99.1% 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.

Mission and programs · 2022

• JOBS FOR THE FUTURE: THE INITIATIVE IS DESIGNED TO HELP INDIVIDUALS PREPARE FOR CLIMATE-RESILIENT JOBS IN THE U.S. AS WELL AS IDENTIFY LEADING TRAINING PROVIDERS, ORGANIZATIONS AND BEST PRACTICES TO DESIGN PATHWAYS TO THOSE CAREER OPPORTUNITIES.

  Expenses $2,188,161 · Grants $1,813,950

• ALTFINANCE: INVESTING IN BLACK FUTURES". THE INITIATIVE IS DESIGNED TO DIVERSIFY THE ALTERNATIVE INVESTMENT INDUSTRY BY ATTRACTING, TRAINING AND PROVIDING CAREER OPPORTUNITIES FOR COLLEGE STUDENTS ATTENDING HISTORICALLY BLACK COLLEGES AND UNIVERSITIES. THE INITIATIVE HAS THREE PRIMARY COMPONENTS: A MENTORED FELLOWSHIP PROGRAM, A TAILORED VIRTUAL INSTITUTE AND A SCHOLARSHIP PROGRAM.

  Expenses $1,809,444 · Grants $1,500,000

• WRI: THE INITIATIVE IS DESIGNED TO HELP BUILD THE RESILIENCE OF INDIA'S MICRO, SMALL AND MEDIUM ENTERPRISES ("MSMES") IN TWO STATES TO FUTURE-PROOF THEIR BUSINESS MODELS WITHIN A CHANGING CLIMATE.

  Expenses $550,459 · Grants $456,322

• FOR ALL OTHER PROGRAMS, ARES CHARITABLE FOUNDATION CONTRIBUTED $1.2M FOR THE 2022 FISCAL YEAR.

  Expenses $1,393,857 · Grants $1,155,485

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

• JOBS FOR THE FUTURE

  $1,813,950

  HELP INDIVIDUALS PREPARE FOR CLIMATE-RESILIENT JOBS IN THE U.S. AS WELL AS IDENTIFY LEADING TRAINING PROVIDERS, ORGANIZATIONS AND BEST PRACTICES TO DESIGN PATHWAYS TO THOSE CAREER OPPORTUNITIES.

• ALT FINANCE CORPORATION

  $1,500,000

  SUPPORT PROGRAMS FOR STUDENTS AND GRADUATES OF HISTORICALLY BLACK COLLEGES AND UNIVERSITIES

• WORLD RESOURCES INSTITUTE

  $456,322

  HELP BUILD THE RESILIENCE OF INDIAS MICRO, SMALL AND MEDIUM ENTERPRISES (MSMES) IN TWO STATES TO FUTURE-PROOF THEIR BUSINESS MODELS WITHIN A CHANGING CLIMATE.

• CIVIC VENTURES

  $350,000

  HELP DESIGN AND IMPLEMENT THE FRAMEWORK FOR THE COGENERATE CHALLENGE (THE CHALLENGE), A PROGRAM THAT WILL ELEVATE THE NEED AND OPPORTUNITY FOR INTERGENERATIONAL TEAMS OF ENTREPRENEURS TO HELP PROBLEM-SOLVE SOME OF SOCIETYS

• DOTORG

  $212,563

  HELP EXECUTE A PERSONAL FINANCE DEMONSTRATION PROJECT FOR LOW-INCOME WOMEN.

• OWNERSHIP WORKS

  $200,000

  EDUCATE INDIVIDUALS, EMPLOYEES AND COMPANIES ABOUT THE ECONOMIC AND OTHER BENEFITS OF NROAD-BASED EMPLOYEE OWNERSHIP OF BUSINESSES AND METHODS OF ADOPTING EMPLOYEE OWNERSHIP PROGRAMS BY RESERACHING, DEVELOPING AND CONDUCTING EDUCATIONAL ACTIVITIES

• COMMON DENOMINATORTOP HONORS

  $175,000

  HELP INTEGRATE PERSONAL FINANCE LESSONS INTO ITS CURRICULUM FOR MIDDLE SCHOOL STUDENTS IN GRADES 5 THROUGH 8, DEVELOP DIGITAL GAMES SO THAT STUDENTS CAN APPLY THIS KNOWLEDGE THROUGH HANDS-ON LEARNING AND DELIVER A SERIES OF PERSONAL FINANCE SEMINARS TO HELP PARENTS MAKE SMART FINANCIAL DECISIONS THAT HELP EMPOWER THEIR FAMILY

• COOPERATIVE FOR ASSISTANCE AND RELIEF EVERYWHERE (CARE)

  $117,922

  HELP BUILD THE CARE ECONOMY IN ACCORD WITH THE 5RS RECOGNITION, REDUCTION, REDISTRIBUTION, REPRESENTATION AND REWARD FOR WHAT IS TRADITIONALLY UNPAID CARE WORK.

• PACIFIC COMMUNITY VENTURES

  $50,000

  HELP ESTABLISH ITS GOOD JOBS INNOVATION LAB TO DEVELOP AND DISSEMINATE KNOWLEDGE PRODUCTS AS WELL AS PILOT DATA-DRIVEN INTERVENTIONS TO IMPROVE JOB QUALITY IN SMALL BUSINESSES, ESPECIALLY THOSE OPERATED BY UNDERESTIMATED OWNERS IN ECONOMICALLY DISTRESSED COMMUNITIES.

• STRIVE INTERNATIONAL

  $50,000

  HELP ENHANCE ITS FLAGSHIP CAREER PATH PROGRAM THAT INCLUDES ITS WOMENS EMPOWERMENT INITIATIVE (WEI) SO WOMEN LIVING BELOW THE POVERTY LINE IN ATLANTA, GEORGIA AND NEW YORK, NEW YORK CAN INCREASE THEIR EMPLOYABILITY AND STRENGTHEN THEIR FINANCIAL SKILLS.

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

Provenance

Return type

form_990

Tax year

2022

Filed

11 November 2023

IRS schema version

2022v5.0

Source object

202313199349313406

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

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