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Nonprofiteer
← CHARITABLE ASSETS TR

Form 990 for tax year 2024

Filed by CHARITABLE ASSETS TR.

Totals

Total revenue
$274,516,667
Total expenses
$55,692,790
Contributions and grants received
$255,578,259
Grants paid
$50,917,599
Program service revenue
$0
Investment income
$283,229
Other revenue
$18,655,179
Total assets, end of year
$205,542,621
Total liabilities, end of year
$2,908,159
Net assets or fund balances, end of year
$202,634,462
Program services expenses (Part IX)
$52,282,228
Management and general expenses
$3,410,562
Fundraising expenses
$0
Program service expenses (Part III)
$52,282,228

Program services were 93.9% 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

    $255,578,259

  • 1g · Noncash contributions included above

    $253,871,990

  • 3 · Investment income

    total $39,359 · excluded $39,359

  • 7a · Gross sales of assets other than inventory

    securities $7,327,332

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

    securities $7,083,462

  • 7c · Gain or loss

    securities $243,870

  • 7d · Net gain or loss

    total $243,870 · excluded $243,870

  • 11a · Other revenue: UNRELATED BUSINESS INCOME

    total $18,655,179 · unrelated business $18,655,179

  • 11e · Other revenue, total

    $18,655,179

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $50,917,599 · program services $50,917,599

  • 7 · Other salaries and wages

    total $1,197,191 · program services $1,197,191

  • 11b · Fees: legal

    total $4,910 · management and general $4,910

  • 11g · Fees: other

    total $167,438 · program services $167,438

  • 24a · Other expenses: FEDERAL TAXES

    total $2,479,800 · management and general $2,479,800

  • 24b · Other expenses: STATE TAXES

    total $925,154 · management and general $925,154

  • 24c · Other expenses: LICENSES AND FEES

    total $698 · management and general $698

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $3,604,946

  • 2 · Savings and temporary cash investments

    end of year $277,620

  • 4 · Accounts receivable

    end of year $6,326

  • 7 · Other notes and loans receivable

    end of year $4,491,482

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

    $212,000

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $212,000

  • 11 · Investments: publicly traded securities

    end of year $76,715,476

  • 12 · Investments: other securities

    end of year $119,920,771

  • 15 · Other assets

    end of year $314,000

  • 17 · Accounts payable and accrued expenses

    end of year $1,115,405

  • 18 · Grants payable

    end of year $1,792,754

  • 27 · Net assets without donor restrictions

    end of year $202,634,462

Mission and programs · 2024

Mission

RECEIVES CONTRIBUTIONS AND MAKES GRANTS TO TAX-EXEMPT PUBLIC CHARITIES IN FURTHERANCE OF CHRISTIAN MINISTRY.

Activities or mission (Part I)

THE TRUST ACCEPTS GIFTS OF CASH AND PROPERTY, AND MAKES DISTRIBUTIONS TO VARIOUS CHARITIES IN FURTHERANCE OF CHRISTIAN RELIGIOUS AND CHARITABLE PURPOSES.

  • RECEIVES CONTRIBUTIONS AND MAKES GRANTS TO TAX-EXEMPT PUBLIC CHARITIES IN FURTHERANCE OF CHRISTIAN MINISTRY.

    Expenses $52,282,228 · Grants $50,917,599

As filed on the 2024 return.

Listed in Part VII

  • Ncf Giving Inc

    TRUSTEE

    Total calculated
    $0
    Hours/week
    20

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202543159349303714

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

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