Giving Back Fund Inc
- Assets
- $11.1m
- Revenue
- $16.1m
- Investments
- $0.0
- Employees
- 35
- Location
- Los Angeles, CA
- Founding
- 07/1997
- Data as of
- 12/2021
- EIN
- 04-3367888
Organization Overview
Giving Back Fund Inc is located in Los Angeles, CA. The organization was established in 1997. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Giving Back Fund Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Giving Back Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Giving Back Fund Inc generated $16.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $19.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Giving Back Fund Inc has awarded 458 individual grants totaling $13,166,564. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE PAGE 3, PART 111, LINE 1 FOR THE ORGANIZATIO'S MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVER THE PAST YEAR, OUR WORLD HAS BEEN DRAMATICALLY CHANGED DUE TO THE COVID-19 PANDEMIC WHICH HAS TOUCHED ALL PARTS OF THE GLOBE AND CAUSED MORE THAN 280,000 DEATHS IN THE UNITED STATES AND MORE THAN 1.6 MILLION DEATHS AROUND THE WORLD. (THESE FIGURES REFLECT THOSE AS OF THE END 2020. NUMBERS HAVE SINCE FAR SURPASSED THIS). IT WAS TRULY BEEN A YEAR LIKE NO OTHER. THE EXTRAORDINARY RANGE OF PHILANTHROPIC ACTIVTIES IN WHICH WE ARE DEEPLY ENGAGED SPAN FROM COVID RELIEF TO SOCIAL JUSTICE, TO DISEASE CURES, TO MEDICAL ADVANCES TO WOMEN'S CAUSES, TO TREATMENT OF DEPRESSION, TO LITERACY PROGRAMS, TO PROTECTING ORPHANS, TO NEXT-GEN PHILANTHROPY. THE HEROIC INDIVIDUALS WHO CARRIED OUT ALL OF THESE SACRED PHILANTHROPIC EFFORTS HAVE AT LEAST ONE THING IN COMMON: THEY CARRIED OUT THEIR WORK WITH THE SUPPORT AND GUIDANCE OF THE GIVING BACK FUND. TO BE MORE SPECIFIC: WE HAVE DISTRIBUTED THOUSANDS OF TABLETS TO HOSPITALS AND NURSING HOMES SO END OF LIFE PATIENTS CAN SEE SPEAK WITH THEIR LOVED ONES DURING THIS MOST HORRIFIC PANDEMIC; FOCUSED ON RACIAL JUSTICE AT THIS TIPPING POINT MOMENT, THROUGH ADVOCACY, SCHOLARSHIPS, SYSTEMIC CHANGE; WE SUPPORTED VICTIMS OF SEXUAL TRAFFICKING AND FOUGHT TO PREVENT IT ON THE GLOBAL STAGE; WE PROVIDED FOOD AND OTHER NECESSITIES FOR THE HOMEBOUND DURING SHELTER IN PLACE AND IMMUNOCOMPROMISED AND THE ELDERLY; RAISED FUNDS TO SUPPORT INDEPENDENT MUSIC VENUES AND THEIR EMPLOYEES ACROSS THE COUNTRY WHO FOUND THEIR DOORS SHUDDERED AND LIVELIHOOD OBLITERATED DURING THIS MOST TRAUMATIC TIE IN OUR HISTORY; AND WE SUPPORTED THE RIGHTS OF LGBTQ PERSONS IN THE US AND THE ALL OVER THE GLOBE...AND SO MUCH MORE.
OVER THE PAST YEAR, OUR WORLD HAS BEEN DRAMATICALLY CHANGED DUE TO THE COVID-19 PANDEMIC WHICH HAS TOUCHED ALL PARTS OF THE GLOBE AND CAUSED MORE THAN 280,000 DEATHS IN THE UNITED STATES AND MORE THAN 1.6 MILLION DEATHS AROUND THE WORLD. (THESE FIGURES REFLECT THOSE AS OF THE END 2020. NUMBERS HAVE SINCE FAR SURPASSED THIS). IT WAS TRULY BEEN A YEAR LIKE NO OTHER. THE EXTRAORDINARY RANGE OF PHILANTHROPIC ACTIVTIES IN WHICH WE ARE DEEPLY ENGAGED SPAN FROM COVID RELIEF TO SOCIAL JUSTICE, TO DISEASE CURES, TO MEDICAL ADVANCES TO WOMEN'S CAUSES, TO TREATMENT OF DEPRESSION, TO LITERACY PROGRAMS, TO PROTECTING ORPHANS, TO NEXT-GEN PHILANTHROPY. THE HEROIC INDIVIDUALS WHO CARRIED OUT ALL OF THESE SACRED PHILANTHROPIC EFFORTS HAVE AT LEAST ONE THING IN COMMON: THEY CARRIED OUT THEIR WORK WITH THE SUPPORT AND GUIDANCE OF THE GIVING BACK FUND. TO BE MORE SPECIFIC: WE HAVE DISTRIBUTED THOUSANDS OF TABLETS TO HOSPITALS AND NURSING HOMES SO END OF LIFE PATIENTS CAN SEE SPEAK WITH THEIR LOVED ONES DURING THIS MOST HORRIFIC PANDEMIC; FOCUSED ON RACIAL JUSTICE AT THIS TIPPING POINT MOMENT, THROUGH ADVOCACY, SCHOLARSHIPS, SYSTEMIC CHANGE; WE SUPPORTED VICTIMS OF SEXUAL TRAFFICKING AND FOUGHT TO PREVENT IT ON THE GLOBAL STAGE; WE PROVIDED FOOD AND OTHER NECESSITIES FOR THE HOMEBOUND DURING SHELTER IN PLACE AND IMMUNOCOMPROMISED AND THE ELDERLY; RAISED FUNDS TO SUPPORT INDEPENDENT MUSIC VENUES AND THEIR EMPLOYEES ACROSS THE COUNTRY WHO FOUND THEIR DOORS SHUDDERED AND LIVELIHOOD OBLITERATED DURING THIS MOST TRAUMATIC TIE IN OUR HISTORY; AND WE SUPPORTED THE RIGHTS OF LGBTQ PERSONS IN THE US AND THE ALL OVER THE GLOBE...AND SO MUCH MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Pollick President & CEO | OfficerTrustee | 50 | $247,155 |
Mendy Marsh Voice Exec. Director | 40 | $162,535 | |
Elizabeth Heavener Operations Leader, Nexus | 40 | $132,142 | |
Jill Hoyt Chief Operation Officer | 40 | $120,000 | |
Rachel Gerrol Project Leader, Nexus | 40 | $112,650 | |
Craig Szabo Treasurer | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ebone Gaskins Foundation Consultant | 12/30/19 | $100,081 |
Elizabeth Heavener Foundation Consultant | 12/30/19 | $180,945 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,983,861 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,983,861 |
| Total Program Service Revenue | $98,818 |
| Investment income | $30,229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,121,591 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,575,582 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,883,847 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $367,928 |
| Office expenses | $88,061 |
| Information technology | $214,527 |
| Royalties | $0 |
| Occupancy | $11,554 |
| Travel | $209,798 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $19,045 |
| All other expenses | $199,266 |
| Total functional expenses | $19,135,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,287,880 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $436,910 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,333,174 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,057,964 |
| Accounts payable and accrued expenses | $1,157,074 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,157,074 |
| Net assets without donor restrictions | $1,991,530 |
| Net assets with donor restrictions | $7,909,360 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,057,964 |
Grants Awarded
Over the last fiscal year, Giving Back Fund Inc has awarded $4,104,335 in support to 139 organizations.
| Grant Recipient | Amount |
|---|---|
Newport Beach, CA PURPOSE: TO SUPPORT THEIR GENERAL PROGRAMS | $500,000 |
Columbus, OH PURPOSE: TO SUPPORT THEIR GENERAL PROGRAMS | $311,424 |
New York, NY PURPOSE: TO SUPPORT THEIR GENERAL PROGRAMS | $272,680 |
Sioux Falls, SD PURPOSE: TO SUPPORT THEIR GENERAL PROGRAMS | $147,319 |
West Palm Beach, FL PURPOSE: TO SUPPORT THEIR GENERAL PROGRAMS | $120,000 |
Louisville, KY PURPOSE: TO SUPPORT THEIR GENERAL PROGRAMS | $99,428 |
Grants Recieved
Over the last fiscal year, we have identified 41 grants that Giving Back Fund Inc has recieved totaling $1,956,051.
| Awarding Organization | Amount |
|---|---|
Cooperative For Assistance And Relief Everywhere Inc Atlanta, GA PURPOSE: 4 | $600,000 |
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $250,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $154,711 |
Community Initiatives Oakland, CA PURPOSE: PROJECT EXIT GRANT | $104,319 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $93,219 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $93,219 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Federation Council Of Greater Los Angeles Los Angeles, CA | $190,865,704 | $43,794,151 |
Aloha United Way Inc Honolulu, HI | $26,512,053 | $42,755,517 |
United Way Inc Los Angeles, CA | $90,203,286 | $68,762,414 |
Opportunity Village Foundation Las Vegas, NV | $82,150,112 | $9,952,519 |
Inland Southern California United Way Rancho Cucamonga, CA | $4,994,163 | $30,713,140 |
Daughters Of Charity Foundation Los Angeles, CA | $457,947,598 | $21,458,667 |
United Way Of The Bay Area San Francisco, CA | $48,210,343 | $41,978,143 |
United Way Of Santa Barbara County Inc Santa Barbara, CA | $15,549,253 | $21,862,789 |
Giving Back Fund Inc Los Angeles, CA | $11,057,964 | $16,121,591 |
United Way Of The Columbia- Willamette Portland, OR | $45,244,176 | $37,813,880 |
Lutheran Social Services Of Southern California Orange, CA | $12,433,433 | $19,852,722 |
United Way California Capital Region Sacramento, CA | $17,085,587 | $25,165,420 |