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Nonprofiteer
← GUARANTEED RATE FOUNDATION NFP

Form 990 for tax year 2024

Filed by GUARANTEED RATE FOUNDATION NFP.

Totals

Total revenue
$2,746,204
Total expenses
$2,475,126
Contributions and grants received
$2,673,958
Grants paid
$2,475,126
Program service revenue
$0
Investment income
$72,246
Other revenue
$0
Total assets, end of year
$1,609,145
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,609,145
Program services expenses (Part IX)
$2,475,126
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$2,475,126

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.

  • 1c · Fundraising events

    $2,253,200

  • 1f · All other contributions, gifts and grants

    $420,758

  • 3 · Investment income

    total $72,246 · unrelated business $72,246

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $2,253,200

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,122,259 · program services $2,122,259

  • 2 · Grants to domestic individuals

    total $352,867 · program services $352,867

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,338,067 · end of year $1,609,145

  • 27 · Net assets without donor restrictions

    beginning of year $1,338,067 · end of year $1,609,145

Mission and programs · 2024

Mission

FOUNDATION WAS CREATED BY GUARANTEED RATE, INC. TO FULFILL CHARITABLE AND BENEVOLENT PURPOSES BY PROVIDING SUPPORT AND ASSISTANCE TO FAMILIES AND PERSONS IN NEED AND AT TIMES OF CRISIS. WITH THE FINANCIAL ASSISTANCE OF PRIVATE DONORS, THE FOUNDATION AND ITS VOLUNTEERS WILL COLLECT MONEY AND ITEMS FOR DONATION AS WELL AS PROVIDE ASSISTANCE IN THE SPONSORSHIP AND ORGANIZATION OF BENEFIT DRIVES. THE FOUNDATION INTENDS TO PROVIDE ASSISTANCE TO THE PUBLIC AT LARGE, BUT WILL FOCUS ITS EFFORTS, BOTH IN FUNDRAISING AND AID DISTRIBUTION, IN THE REAL ESTATE AND MORTGAGE ORIGINATION COMMUNITIES THROUGHOUT THE UNITED STATES. THE COLLECTION AND DISTRIBUTION EFFORTS WILL BENEFIT THE RECIPIENTS, FOSTER A SENSE OF COMMUNITY AND ENCOURAGE CONTINUED CHARITABLE ACTIVITIES.

Activities or mission (Part I)

TO PROVIDE SUPPORT AND ASSISTANCE TO FAMILIES AND PERSONS IN NEED AND AT TIMES OF CRISIS.

  • THE FOUNDATION PROVIDES FINANCIAL SUPPORT TO PEOPLE IN SITUATIONS ARISING FROM UNFORESEEN HARDSHIP AND/OR EMERGENCY CIRCUMSTANCES. REQUESTS HAVE RANGED FROM FOOD, CLOTHING AND SHELTER FOLLOWING A NATURAL DISASTER TO ASSISTING WITH HOUSING, TRANSPORTATION AND OUTSTANDING BILLS AS A RESULT OF A JOB LOSS OR MEDICAL EMERGENCY.

    Expenses $2,475,126 · Grants $2,475,126

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • SCOTT UBERSOX

    VICE PRESIDENT, DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 40 related

  • KENNETH KANE

    TREASURER

    Total calculated
    $0
    Hours/week
    4 + 40 related

  • RAVEN ROBINSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    3 + 40 related

  • VICTOR CIARDELLI

    PRESIDENT, DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 40 related

  • JASON OLENICZAK

    SENIOR DIRECTOR, GR FOUNDA

    Total calculated
    $108,808
    From this org
    $0
    From related orgs
    $108,808
    Other
    $0
    Hours/week
    40

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
20 June 2025
IRS schema version
2024v5.1
Source object
202501749349300335

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

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