Giveclear Foundation
- Assets
- $617.0k
- Revenue
- $715.7k
- Investments
- $6.7k
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 12/2016
- Data as of
- 12/2021
- EIN
- 81-3222963
Organization Overview
Giveclear Foundation is located in Charlotte, NC. The organization was established in 2016. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Giveclear Foundation 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, Giveclear Foundation generated $715.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $629.9k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GIVECLEAR FOUNDATION IS A CHARITABLE GRANTMAKING SPONSOR OF DONOR ADVISED FUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GIVECLEAR FOUNDATION DELIVERS AN INSPIRING CHARITABLE GIVING EXPERIENCE THROUGH INNOVATIVE TECHNOLOGY AND PERSONAL ENGAGEMENT FOR AMERICANS. WE ENVISION A NEW MODEL OF PHILANTHROPY - A SYSTEM AT YOUR FINGERTIPS CONNECTING PASSIONATE PEOPLE TO TRUSTED CHARITIES AT SCALE - EMPOWERING PEOPLE OF ANY MEANS TO GIVE AND SUPPORT POSITIVE CHANGE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Kyte Interim Executive Director | Officer | 40 | $99,185 |
David Collins Board Member | Trustee | 22 | $27,033 |
Wes Long Board Chair, Treasurer | OfficerTrustee | 2 | $0 |
April Crichlow Secretary | OfficerTrustee | 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 | $593,490 |
| Noncash contributions included in lines 1a–1f | $139,031 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $593,490 |
| Total Program Service Revenue | $120,000 |
| Investment income | $3,545 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,376 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $715,659 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $169,159 |
| 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. | $126,218 |
| Compensation of current officers, directors, key employees. | $23,399 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,280 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,148 |
| Fees for services: Accounting | $93,465 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $147,011 |
| Advertising and promotion | $0 |
| Office expenses | $8,262 |
| Information technology | $85 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $27,454 |
| Insurance | $5,817 |
| All other expenses | $1,269 |
| Total functional expenses | $629,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $423,731 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,600 |
| 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 | $3,453 |
| Net Land, buildings, and equipment | $28,426 |
| Investments—publicly traded securities | $153,096 |
| Investments—other securities | $6,701 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $617,007 |
| Accounts payable and accrued expenses | $91,915 |
| 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 | $91,915 |
| Net assets without donor restrictions | $525,092 |
| 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 | $617,007 |
Grants Awarded
Over the last fiscal year, Giveclear Foundation has awarded $82,992 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Norwalk, CT PURPOSE: Program support | $32,004 |
Stamford, CT PURPOSE: Program support | $15,000 |
New York, NY PURPOSE: Program support | $10,000 |
New York, NY PURPOSE: Program support | $10,000 |
Chicago, IL PURPOSE: Program support | $9,996 |
Alpharetta, GA PURPOSE: Program support | $5,992 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Giveclear Foundation has recieved totaling $66,000.
| Awarding Organization | Amount |
|---|---|
Andre Agassi Foundation For Education Las Vegas, NV PURPOSE: DONATION TO NATIONAL CHARITY TO BUILD OUT PLATFORM FOR ONLINE GIVING. | $50,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $16,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Gary Sinise Foundation Nashville, TN | $79,715,180 | $58,070,139 |
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
The Pauley Family Foundation Richmond, VA | $2,022,061,315 | $1,899,350,410 |
College Foundation Of The University Of Virginia Charlottesville, VA | $252,362,262 | $51,045,128 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
New Morning Foundation Columbia, SC | $9,598,750 | $10,587,010 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
York Foundation Herndon, VA | $79,294,285 | $7,194,037 |