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Nonprofiteer
← GIVELIFY GIVE-COM FOUNDATION

Form 990 for tax year 2023

Filed by GIVELIFY GIVE-COM FOUNDATION.

Totals

Total revenue
$959,834
Total expenses
$1,175,355
Contributions and grants received
$894,387
Grants paid
$980,463
Program service revenue
$55,782
Investment income
$9,665
Other revenue
$0
Total assets, end of year
$2,307,188
Total liabilities, end of year
$62,403
Net assets or fund balances, end of year
$2,244,785
Program services expenses (Part IX)
$1,134,528
Management and general expenses
$40,827
Fundraising expenses
$0
Program service expenses (Part III)
$1,134,528

Program services were 96.5% 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

    $894,387

  • 2a · Program service revenue: Givelify, LLC

    total $55,782 · unrelated business $55,782

  • 3 · Investment income

    total $9,665 · related or exempt $9,665

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $250,236 · program services $250,236

  • 3 · Grants to foreign organizations and individuals

    total $730,227 · program services $730,227

  • 11b · Fees: legal

    total $773 · management and general $773

  • 11c · Fees: accounting

    total $7,483 · management and general $7,483

  • 11g · Fees: other

    total $146,985 · program services $146,985

  • 13 · Office expenses

    total $16 · management and general $16

  • 14 · Information technology

    total $4,105 · management and general $4,105

  • 17 · Travel

    total $7,080 · program services $7,080

  • 22 · Depreciation, depletion and amortization

    total $355 · management and general $355

  • 24a · Other expenses: Bank Charges & Fees

    total $25,257 · management and general $25,257

  • 24b · Other expenses: Trademark fees, certifi

    total $1,759 · management and general $1,759

  • 24c · Other expenses: Loss (Credit Card Charg

    total $855 · management and general $855

  • 24d · Other expenses: Fines & Penalties

    total $224 · management and general $224

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1

  • 2 · Savings and temporary cash investments

    beginning of year $2,217,133 · end of year $535,409

  • 7 · Other notes and loans receivable

    beginning of year $260,356

  • 9 · Prepaid expenses and deferred charges

    end of year $249

  • 10a · Land, buildings and equipment: cost or other basis

    $1,777

  • 10b · Land, buildings and equipment: accumulated depreciation

    $799

  • 10c · Land, buildings and equipment, net

    beginning of year $1,333 · end of year $978

  • 12 · Investments: other securities

    end of year $1,770,510

  • 15 · Other assets

    beginning of year $42 · end of year $42

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,559 · end of year $62,403

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,460,306 · end of year $2,244,785

Mission and programs · 2023

Mission

THE NONPROFIT IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL AND SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

Activities or mission (Part I)

THIS ORGANIZATION ASPIRES TO CONNECT PEOPLE TO CAUSES THAT INSPIRE THEM TO ACTION; RECEIVE CONTRIBUTIONS FROM THEM AND ISSUE GIFT RECEIPTS; GRANT THE FUNDS TO THE DESIGNATED CHARITY; AND PROVIDE REAL-TIME TRACKING OF EACH CONTRIBUTION TO THE DONOR. THE CORPORATION WILL HELP CHARITIES CRAFT INSPIRING STORIES OF THEIR MISSION AND IMPACT AND HELP SUCH CHARITIES HELP LEVERAGE THE INTERNET TO EXPAND THEIR DIGITAL REACH.

  • GIVELIFY FOUNDATION HAS BEEN AT WORK ON BRAVO! STORIES OF GOOD. BRAVO! NONPROFITS. THE EVERYDAY HEROES CHANGING THEIR WORLD WITH KINDNESS AND GENEROSITY. IN 2023, THE STORIES OF BRAVO STORIES OF GOOD ARE 2-5 MINUTES VIDEOS THAT TOLD STORIES FOR ORGANIZATIONS WITH THEIR MISSION AND IMPACT AND HELP LEVERAGE THE INTERNET TO EXPAND THEIR DIGITAL REACH SO THAT THESE CHARITIES CAN OPTIMIZE FUNDRAISING AND IN TURN, THEIR PUBLIC IMPACT.

    Expenses $119,065

  • GIVELIFY GIVE.COM FOUNDATION CONNECTS DONORS TO CHARITIES THAT DO NOT HAVE A REGISTERED GIVELIFY ACCOUNT AND FACILITATE THESE CHARITABLE CONTRIBUTIONS, INCREASING PUBLIC, CHARITABLE IMPACT.

    Expenses $896,890 · Grants $896,890 · Revenue $894,387

  • THE GIVING IN FAITH REPORT EXPLORES THE STATE OF FAITH BASED GIVING IN THE US BY CONSIDERING THE CONVERGING PERSPECTIVES OF THE INDIVIDUAL GIVER, THE FAITH LEADER AND THE CONGREGATION. GIVELIFY GIVE-COM FOUNDATION WAS INVOLVED ON EXPANDING THE RESEARCH INTERVIEWS TO FAITH LEADERS OUTSIDE OF GIVELIFY TO HAVE HAVE A REPRESENTATION OF FAITH LEADERS ACCROSS THE US.

    Expenses $35,000

  • REGULAR DONATIONS TO NON-PROFITS FOR GENERAL MISSION SUPPORT.

    Expenses $83,573 · Grants $83,573

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Olawale Mafolasire

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Boye Fadeyibi

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jimi Kolawole

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

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

  • DRC2 COGIC Congo

    $70,478

    To support the mission of the non profit entity.

  • Indiana University Foundation

    $50,000

    To support the mission of the non profit entity.

  • Liberation Fellowship Church

    $20,498

    To support the mission of the non profit entity

  • The Bridge Ministries

    $19,416

    To support the mission of the non profit entity

  • New Beginning Missionary Baptist Church

    $16,306

    To support the mission of the non profit entity

  • Kingdom Living International Ministries

    $12,394

    To support the mission of the non profit entity

  • National Baptist Convention USA Inc

    $10,000

    To support the mission of the non profit entity.

Provenance

Return type
form_990
Tax year
2023
Filed
15 August 2024
IRS schema version
2023v5.1
Source object
202402289349301820

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