Pledges Inc
- Assets
- $7.0m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Costa Mesa, CA
- Founding
- Data as of
- 12/2022
- 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 12/2022, Pledges Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 42.7% each year . All expenses for the organization totaled $2.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Pledges Inc has awarded 36 individual grants totaling $2,003,870. 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
2022
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 HELP TECH FOUNDERS SUPPORT THE BEST TECH BOOT CAMPS WORLDWIDE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Murtaza Hussain President | OfficerTrustee | 10 | $0 |
Ali Moiz Director | Trustee | 1 | $0 |
Cassius Kiani Secretary | OfficerTrustee | 5 | $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 | $1,040,722 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,040,722 |
| Total Program Service Revenue | $0 |
| Investment income | $281,762 |
| 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 | $1,322,484 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $647,144 |
| Grants and other assistance to domestic individuals. | $215,028 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,288,988 |
| 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 | $755 |
| Fees for services: Accounting | $16,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $120,963 |
| Advertising and promotion | $0 |
| Office expenses | $13,850 |
| Information technology | $15,103 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,318,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,518,421 |
| 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 | $4,000,000 |
| 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 | $1,495,856 |
| Total assets | $7,014,277 |
| 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 | $1,000,000 |
| Other liabilities | $0 |
| Total liabilities | $1,000,000 |
| Net assets without donor restrictions | $6,014,277 |
| 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 | $7,014,277 |
Grants Awarded
Over the last fiscal year, Pledges Inc has awarded $1,303,460 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
4WARD GROUP FOR TEENS4HIRE PURPOSE: Fiscal Sponsorship Grant | $5,770 |
ABAHD PURPOSE: Fiscal Sponsorship Grant | $26,859 |
ARTIC TERN PURPOSE: Fiscal Sponsorship Grant | $6,561 |
CHOICE LAB LLC PURPOSE: Fiscal Sponsorship Grant | $160,000 |
CATALYTE NONPROFIT PURPOSE: Fiscal Sponsorship Grant | $9,603 |
BLOOM IMPACT PURPOSE: Fiscal Sponsorship Grant | $5,265 |