Simple Charity Inc
- Assets
- $60.6k
- Revenue
- $326.0k
- Investments
- $0.0
- Employees
- 10
- Location
- Durham, NC
- Founding
- 08/2017
- Data as of
- 12/2022
- EIN
- 81-2367982
Organization Overview
Simple Charity Inc, operating under the name Simple Charity, is located in Durham, NC. The organization was established in 2017. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Simple Charity employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Simple Charity 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 12/2022, Simple Charity generated $326.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 46.6% each year . All expenses for the organization totaled $285.7k during the year ending 12/2022. While expenses have increased by 40.7% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SIMPLE CHARITY INSPIRES CHRISTIAN COLLEGE STUDENTS TO GROW IN SOLIDARITY WITH PEOPLE EXPERIENCING POVERTY AND INJUSTICE BY LEARNING SERVING AND GIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SIMPLE CHARITY SUPPORTED COLLEGE CHAPTERS AROUND THE COUNTRY AS THEY LEARNED SERVED AND GAVE TO RESPOND TO POVERTY IN THEIR COMMUNITIES AND AROUND THE WORLD.
CHARITY EVALUATION RESEARCH AND DATA COLLECTION FOR A NEW PHILANTHROPIC INITIATIVE AND TO PUBLISH CREDIBLE INFORMATION ON WHERE TO GIVE ON OUR WEBSITE.
SIMPLE CHARITY DISBURSED $32,300 IN GRANTS TO OTHER 501C3 NONPROFIT ORGANIZATIONS WORKING TO ALLEVIATE POVERTY AND INJUSTICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Grasso CEO And Cofounder | Officer | 35 | $45,000 |
Angela Tawfik Director Of Creativity | Officer | 35 | $32,854 |
Andrew Lee Director Of Operations | Officer | 40 | $27,292 |
Brodie Heginbotham Director Of Students | Officer | 40 | $29,423 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Samuel Parker Marshall Research | 12/30/22 | $4,800 |
Elizabeth Thompson Research | 12/30/22 | $5,250 |
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 | $307,072 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $307,072 |
| Total Program Service Revenue | $24,500 |
| Investment income | $0 |
| 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 | -$5,615 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $325,957 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,300 |
| 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. | $134,570 |
| Compensation of current officers, directors, key employees. | $11,323 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,563 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,812 |
| Payroll taxes | $12,357 |
| 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 | $10,050 |
| Advertising and promotion | $3,558 |
| Office expenses | $414 |
| Information technology | $9,664 |
| Royalties | $0 |
| Occupancy | $5,133 |
| Travel | $4,888 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,180 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $391 |
| All other expenses | $10,442 |
| Total functional expenses | $285,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,012 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,150 |
| 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 | $6,103 |
| Prepaid expenses and deferred charges | $7,369 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $60,634 |
| Accounts payable and accrued expenses | $3,138 |
| 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 | $2,571 |
| Other liabilities | $0 |
| Total liabilities | $5,709 |
| Net assets without donor restrictions | $54,925 |
| Net assets with donor restrictions | $0 |
| 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 | $60,634 |
Grants Awarded
Over the last fiscal year, Simple Charity Inc has awarded $12,486 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN OF CHARACTER PURPOSE: Unrestricted gift | $6,730 |
VILLAGE SCHOOLS INTERNATIONAL PURPOSE: Unrestricted gift | $5,756 |