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Nonprofiteer
← DONATESTOCK CHARITABLE INC

Form 990 for tax year 2022

Filed by DONATESTOCK CHARITABLE INC.

Totals

Total revenue
$9,373,136
Total expenses
$8,971,558
Contributions and grants received
$9,372,727
Grants paid
$8,852,558
Program service revenue
$0
Investment income
$409
Other revenue
$0
Total assets, end of year
$790,466
Total liabilities, end of year
$30,305
Net assets or fund balances, end of year
$760,161
Program services expenses (Part IX)
$8,971,558
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$8,971,558

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

    $9,372,727

  • 1g · Noncash contributions included above

    $9,372,727

  • 3 · Investment income

    total $409 · excluded $409

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,852,558 · program services $8,852,558

  • 11a · Fees: management

    total $119,000 · program services $119,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $109,500 · end of year $131,773

  • 9 · Prepaid expenses and deferred charges

    end of year $11,156

  • 11 · Investments: publicly traded securities

    beginning of year $259,263 · end of year $647,537

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,020 · end of year $24,705

  • 24 · Unsecured notes and loans payable

    beginning of year $5,000 · end of year $5,000

  • 25 · Other liabilities

    beginning of year $160 · end of year $600

  • 31 · Retained earnings, endowment or other funds

    beginning of year $358,583 · end of year $760,161

Mission and programs · 2022

Mission

Help nonprofits diversify and grow sources of funding by facilitating charitable stock gifting.

  • As a Fiscal sponsor, Donatestock Charitable facilitated more than 800+ stock donations to more than 300 charitable organizations in our first full year. The vast majority of these Orgs were previously excluded from stock gifting as they did not have a brokerage account. Those with accounts saved countless hours manually processing stock gifts, enabling to focus more of their resources on their mission.

    Expenses $8,971,558 · Grants $8,852,558 · Revenue $9,372,727

As filed on the 2022 return.

Listed in Part VII

  • Anthony Chukumba

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Vanessa Chambers

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Berna Barshay

    Secretary

    Total calculated
    $0
    Hours/week
    0.5

  • Jean Vendice

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5

  • Steve Latham

    Chairman

    Total calculated
    $0
    Hours/week
    4

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
2022
Filed
19 September 2023
IRS schema version
2022v5.0
Source object
202342659349300229

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

The source document this was parsed from is served over the API, which is where bulk and document access live.