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Nonprofiteer
← GIVING BACK FUND INC

Form 990 for tax year 2023

Filed by GIVING BACK FUND INC.

What the amendment changed

Compared with the return it replaced , filed 15 November 2024. matched by us Only the Part I totals and the names listed in Part VII 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.

Total revenue
$31,576,186 changed to $32,490,355
Total expenses
$31,136,508 changed to $31,721,699
Contributions and grants received
$28,884,767 changed to $30,225,012
Grants paid
$13,025,542 changed to $12,776,573
Program service revenue
$715,145 changed to $0
Investment income
$106,049 changed to $42,173
Other revenue
$1,870,225 changed to $2,223,170
Total assets, end of year
$14,333,472 changed to $14,330,975
Total liabilities, end of year
$1,834,162 changed to $1,231,590
Net assets or fund balances, end of year
$12,499,310 changed to $13,099,385
Program services expenses
$21,395,371 changed to $27,158,562
Management and general expenses
$9,741,137 changed to $4,487,030
Fundraising expenses
$0 changed to $76,107
Program service expenses (Part III)
$21,395,371 changed to $27,158,562

Listed only on the later return

  • ABHI GOEL
  • ANDREW HAVILL
  • BRADLEY DOCK
  • CRAIG SZABO
  • DAVID BRAND

Listed under a different title

  • PRASHANTH PALAKURTHI: CHAIRMEN OF then CHAIRMAN OF

Totals

Total revenue
$32,490,355
Total expenses
$31,721,699
Contributions and grants received
$30,225,012
Grants paid
$12,776,573
Program service revenue
$0
Investment income
$42,173
Other revenue
$2,223,170
Total assets, end of year
$14,330,975
Total liabilities, end of year
$1,231,590
Net assets or fund balances, end of year
$13,099,385
Program services expenses (Part IX)
$27,158,562
Management and general expenses
$4,487,030
Fundraising expenses
$76,107
Program service expenses (Part III)
$27,158,562

Program services were 85.6% 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

    $30,225,012

  • 3 · Investment income

    total $17,683 · excluded $17,683

  • 7a · Gross sales of assets other than inventory

    securities $1,216,260

  • 7b · Less cost or other basis and sales expenses

    securities $1,191,770

  • 7c · Gain or loss

    securities $24,490

  • 7d · Net gain or loss

    total $24,490 · excluded $24,490

  • 11a · Other revenue: MANAGEMENT FEE REVENUE

    total $1,604,437 · related or exempt $1,604,437

  • 11b · Other revenue: OTHER INCOME

    total $424,882 · related or exempt $424,882

  • 11c · Other revenue: SPECIAL EVENT REVENUE

    total $193,851 · related or exempt $193,851

  • 11e · Other revenue, total

    $2,223,170

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,776,573 · program services $12,776,573

  • 7 · Other salaries and wages

    total $3,119,809 · program services $1,581,300 · management and general $1,536,726 · fundraising $1,783

  • 9 · Other employee benefits

    total $141,722 · program services $64,008 · management and general $77,598 · fundraising $116

  • 10 · Payroll taxes

    total $201,621 · program services $91,060 · management and general $110,395 · fundraising $166

  • 11a · Fees: management

    total $1,618,645 · management and general $1,618,645

  • 11g · Fees: other

    total $8,098,502 · program services $7,801,115 · management and general $279,679 · fundraising $17,708

  • 12 · Advertising and promotion

    total $51,065 · program services $39,539 · management and general $135 · fundraising $11,391

  • 13 · Office expenses

    total $149,086 · program services $117,533 · management and general $30,197 · fundraising $1,356

  • 16 · Occupancy

    total $132,660 · program services $132,352 · management and general $308

  • 17 · Travel

    total $769,726 · program services $747,510 · management and general $22,162 · fundraising $54

  • 19 · Conferences, conventions and meetings

    total $1,083,899 · program services $1,060,604 · management and general $22,187 · fundraising $1,108

  • 20 · Interest

    total $24,747 · program services $24,747

  • 23 · Insurance

    total $60,165 · program services $31,888 · management and general $28,277

  • 24a · Other expenses: CHARITABLE CONTRIBUTIONS

    total $1,843,058 · program services $1,803,448 · management and general $37,727 · fundraising $1,883

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $519,514 · program services $472,866 · management and general $46,603 · fundraising $45

  • 24c · Other expenses: FUND CLOSEOUT EXPENSES

    total $453,913 · management and general $453,913

  • 24d · Other expenses: MEALS & ENTERTAINMENT

    total $275,062 · program services $274,256 · management and general $741 · fundraising $65

  • 24e · All other expenses

    total $401,932 · program services $139,763 · management and general $221,737 · fundraising $40,432

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,541,539 · end of year $7,700,994

  • 3 · Pledges and grants receivable

    beginning of year $3,774,083 · end of year $93,710

  • 4 · Accounts receivable

    beginning of year $424,050

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,552 · end of year $984

  • 12 · Investments: other securities

    beginning of year $1,061,912 · end of year $6,045,178

  • 15 · Other assets

    beginning of year $5,640 · end of year $490,109

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,373,900 · end of year $949,271

  • 19 · Deferred revenue

    beginning of year $4,600 · end of year $7,339

  • 25 · Other liabilities

    end of year $274,980

  • 27 · Net assets without donor restrictions

    beginning of year $1,147,312 · end of year $4,615,224

  • 28 · Net assets with donor restrictions

    beginning of year $11,301,964 · end of year $8,484,161

Mission and programs · 2023

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. INVISIBLE HANDS----DELIVERED MORE THAN 2 MILLION DELIVERIES OF GROCERIES TO IMMUNOCOMPROMISED ELDERLY IN NYC DURING COVID USING 12,000 VOLUNTEERS 2. VOICE---WORKED INSIDE OF UKRAINE AND POLAND TO RESCUE AND PROVIDE LIFE AND DEATH RELIEF FOR YOUNG GIRLS AND WOMEN DURING THE UKRAINE WAR WITH RUSSIA3. NEXUS---GREW TO 6,000 YOUNG PEOPLE IN 70 COUNTRIES AROUND THE WORLD REPRESENTING A COMBINED NET WORTH OF 750 BILLION ALL COMING TOGETHER TO CHANGE THE WORLD FOR THE BETTER. FOCUSING ON ANTI-HUMAN TRAFFICKING, CLIMATE CHANGE, IMPACT INVESTING, STORYTELLING, INDIGENOUS POPULATIONS, AND SO MUCH MORE.

    Expenses $27,158,562 · Grants $12,776,573 · Revenue $700,553

  • THE ORGANIZATION CHARGES A MANAGEMENT FEE TO THE VARIOUS FUNDS HELD. APPROXIMATELY 1.6M IN MANAGEMENT FEES WAS EARNED DURING 2023. THESE FEES ARE EXPENDED TO SUPPORT THE ORGANIZATION'S MANAGEMENT AND GENERAL EXPENSES OF THE ORGANIZATION.

As filed on the 2023 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
    $287,171
    From this org
    $287,171
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $287,171
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $287,171

  • MARC POLLICK

    FOUNDER & PR

    Total calculated
    $250,000
    From this org
    $250,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    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

    OPERATION LE

    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

  • MENDY MARSH

    VOICE EXE. D

    Total calculated
    $186,477
    From this org
    $186,477
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,477
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $186,477

  • 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
    Hours/week
    1

  • BRADLEY DOCK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ABHI GOEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDREW HAVILL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PRASHANTH PALAKURTHI

    CHAIRMAN OF

    Total calculated
    $0
    Hours/week
    2

  • CRAIG SZABO

    TREASURER

    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. 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

  • 3 · Written employment contract

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

  • VARIOUS - AVAILABLE UPON REQUEST

    $12,776,573

Provenance

Return type
form_990
Tax year
2023
Filed
29 May 2025
IRS schema version
2023v6.0
Source object
202511509349301606

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