Form 990 for tax year 2023

Filed by DONATESTOCK CHARITABLE INC.

Totals

Total revenue: $5,095,831
Total expenses: $5,445,995
Contributions and grants received: $5,078,851
Grants paid: $5,334,774
Program service revenue: $15,033
Investment income: $1,947
Other revenue: $0
Total assets, end of year: $408,955
Total liabilities, end of year: -$4,188
Net assets or fund balances, end of year: $413,143
Program services expenses (Part IX): $5,445,995
Management and general expenses: $0
Fundraising expenses: $0
Program service expenses (Part III): $5,445,995

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

$5,078,851
1g · Noncash contributions included above

$5,078,851
2a · Program service revenue: Donation Service Fees

total $15,033 · related or exempt $15,033
3 · Investment income

total $1,947 · excluded $1,947

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $5,334,774 · program services $5,334,774
11a · Fees: management

total $102,784 · program services $102,784
12 · Advertising and promotion

total $7,958 · program services $7,958
13 · Office expenses

total $479 · program services $479

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $131,773 · end of year $29,053
2 · Savings and temporary cash investments

end of year $264,444
4 · Accounts receivable

end of year $2,475
9 · Prepaid expenses and deferred charges

beginning of year $11,156
11 · Investments: publicly traded securities

beginning of year $647,537 · end of year $112,983
17 · Accounts payable and accrued expenses

beginning of year $24,705 · end of year -$4,342
24 · Unsecured notes and loans payable

beginning of year $5,000
25 · Other liabilities

beginning of year $600 · end of year $154
31 · Retained earnings, endowment or other funds

beginning of year $760,161 · end of year $413,143

Mission and programs · 2023

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 $5,445,995 · Revenue $5,078,851

As filed on the 2023 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: 2023
Filed: 15 November 2024
IRS schema version: 2023v5.1
Source object: 202413209349328306

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.