Pledges Inc
- Assets
- $6.0m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Costa Mesa, CA
- Founding
- Data as of
- 12/2021
- EIN
- 36-4963438
Organization Overview
Pledges Inc is located in Costa Mesa, CA. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pledges 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, Pledges Inc generated $7.7m in total revenue. All expenses for the organization totaled $2.0m during the year ending 12/2021.
Since 2021, Pledges Inc has awarded 12 individual grants totaling $700,410. 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
TO HELP SUPPORT AND FISCALLY SPONSOR PROJECTS, ESPECIALLY IN TECHNICAL TRAINING IN DEVELOPING COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE SUPPORT UP AND COMING INDIVIDUALS THAT WANT TO START A CHARITABLE PROJECT BUT DONT HAVE AN EXISTING 501C3 SETUP YET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Murtaza Hussain President / Treasurer | OfficerTrustee | 10 | $0 |
Cassius Kiani Secretary | OfficerTrustee | 5 | $0 |
Ali Moiz Director | Trustee | 1 | $0 |
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 | $7,611,065 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,611,065 |
| Total Program Service Revenue | $0 |
| Investment income | $54,538 |
| 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 | $7,665,603 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,173,194 |
| Grants and other assistance to domestic individuals. | $169,259 |
| Grants and other assistance to Foreign Orgs/Individuals | $490,489 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $968 |
| Fees for services: Accounting | $10,038 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $140,360 |
| Advertising and promotion | $4,435 |
| Office expenses | $3,955 |
| Information technology | $40,430 |
| Royalties | $0 |
| Occupancy | $1,819 |
| Travel | $210 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,035,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,956,239 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,000,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $54,235 |
| Total assets | $6,010,474 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $5,995,474 |
| Net assets with donor restrictions | $15,000 |
| 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 | $6,010,474 |
Grants Awarded
Over the last fiscal year, Pledges Inc has awarded $700,410 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Pembroke Pines, FL PURPOSE: Fiscal sponsorship grant | $451,565 |
Washington, DC PURPOSE: Fiscal sponsorship grant | $46,709 |
Walnut, CA PURPOSE: Fiscal sponsorship grant | $37,940 |
HOPEWELL HELPERS LLC PURPOSE: Fiscal sponsorship grant | $28,874 |
LUCKY ANIMAL PROTECTION SHELTER PURPOSE: Fiscal sponsorship grant | $21,616 |
COLLECTIVE OF CONCERNED BLACK PROFESSIONALS PURPOSE: Fiscal sponsorship grant | $21,041 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Pledges Inc has recieved totaling $227,522.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $132,400 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $48,200 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $36,401 |
Moore Impact Inc Denver, CO PURPOSE: Program Support | $10,521 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington Stem Center Seattle, WA | $144,962,083 | $51,456,581 |
Kirk Humanitarian Salt Lake City, UT | $3,740,895 | $18,227,954 |
Translational Pulmonary And Immunology Research Center Long Beach, CA | $5,349,856 | $21,502,717 |
Southern Calif Glaziers H&w Tr Fund Covina, CA | $29,114,155 | $20,946,347 |
Eleven Counties Cement Masons Vacation Savings Plan Arcadia, CA | $5,589,566 | $20,011,615 |
Los Angeles Tourism & Convention Board Los Angeles, CA | $19,187,650 | $21,164,251 |
Oregon Museum Of Science And Industry Portland, OR | $61,863,442 | $22,605,398 |
Education Training And Research Associates Scotts Valley, CA | $15,485,603 | $19,032,847 |
Community Action Of Skagit County Mount Vernon, WA | $8,445,889 | $20,193,339 |
Berkeley Food And Housing Project Berkeley, CA | $7,900,684 | $21,326,193 |
Partnerships To Uplift Communities Los Angeles Burbank, CA | $14,420,401 | $24,912,837 |
Synergy Academies Los Angeles, CA | $22,403,920 | $21,618,793 |