Skip to content
Nonprofiteer
← ADVISORS CHARITABLE GIFT FUND INC

Form 990 for tax year 2023

Filed by ADVISORS CHARITABLE GIFT FUND INC.

Totals

Total revenue
$3,537,730
Total expenses
$3,650,519
Contributions and grants received
$2,223,357
Grants paid
$3,315,049
Program service revenue
$178,951
Investment income
$1,135,422
Other revenue
$0
Total assets, end of year
$27,413,364
Total liabilities, end of year
$18,222
Net assets or fund balances, end of year
$27,395,142
Program services expenses (Part IX)
$3,315,049
Management and general expenses
$335,470
Fundraising expenses
$0
Program service expenses (Part III)
$3,315,049

Program services were 90.8% 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

    $2,223,357

  • 1g · Noncash contributions included above

    $918,921

  • 2a · Program service revenue: Administrative Fees

    total $178,951 · related or exempt $178,951

  • 3 · Investment income

    total $592,115 · excluded $592,115

  • 7a · Gross sales of assets other than inventory

    securities $3,323,449

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

    securities $2,780,142

  • 7c · Gain or loss

    securities $543,307

  • 7d · Net gain or loss

    total $543,307 · excluded $543,307

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,315,049 · program services $3,315,049

  • 5 · Compensation of officers, directors and key employees

    total $12,500 · management and general $12,500

  • 11a · Fees: management

    total $106,978 · management and general $106,978

  • 11c · Fees: accounting

    total $18,800 · management and general $18,800

  • 11f · Fees: investment management

    total $10,939 · management and general $10,939

  • 13 · Office expenses

    total $423 · management and general $423

  • 14 · Information technology

    total $2,400 · management and general $2,400

  • 23 · Insurance

    total $9,442 · management and general $9,442

  • 24a · Other expenses: Participant Fees

    total $170,156 · management and general $170,156

  • 24b · Other expenses: Other Expenses

    total $3,832 · management and general $3,832

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $396 · end of year $357

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,657 · end of year $8,657

  • 11 · Investments: publicly traded securities

    beginning of year $22,757,014 · end of year $27,404,350

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,630 · end of year $18,222

  • 27 · Net assets without donor restrictions

    beginning of year $22,742,437 · end of year $27,395,142

Mission and programs · 2023

Mission

To promote charitable giving.

  • The fund made grants to 581 charitable organizations in the areas of education, culture, religion, social services and overcoming poverty.

    Expenses $3,315,049 · Grants $3,315,049 · Revenue $178,951

As filed on the 2023 return.

Listed in Part VII

  • Dr Diane Cooksey Kessler

    Chairperson

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Ronald D Dean

    Vice Chairman

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mark O'Connell

    Treasurer

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Thomas Forese Jr

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joseph Gibbons

    Director

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • William Hogan Jr

    Director

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Christopher Hulse

    President

    Total calculated
    $0
    Hours/week
    1

  • David A St Yves

    Director

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Kenneth G Y Grant

    Past Director

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $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

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

Provenance

Return type
form_990
Tax year
2023
Filed
7 March 2025
IRS schema version
2023v6.0
Source object
202530719349301033

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.