Gifting Brands
- Assets
- $628.8k
- Revenue
- $648.4k
- Investments
- $0.0
- Employees
- 0
- Location
- The Colony, TX
- Founding
- 03/2018
- Data as of
- 12/2021
- EIN
- 82-2671429
Organization Overview
Gifting Brands is located in The Colony, TX. The organization was established in 2018. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gifting Brands 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, Gifting Brands generated $648.4k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 59.7% each year . All expenses for the organization totaled $88.7k 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
GIFTING BRANDS WILL PROVIDE GRANTS TO QUALIFYING 501(C)(3) ENTITIES TO SUPPORT PROJECTS IN FULFILLMENT OF THEIR CHARITABLE PURPOSES. WE WILL INITIALLY FOCUS OUR GIVING GUIDELINES IN SUPPORT OF ENTITIES SERVING WOMEN, CHILDREN, AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIFTING BRANDS SERVES AS A CATALYST FOR CHARITIES THAT IMPROVE THE LIVES OF WOMEN, CHILDREN, AND FAMILIES THROUGH A UNIQUE CONSUMER SHOPPING EXPERIENCE COMBINING THE POWER OF UPSCALE RETAIL BRANDS, SUSTAINABLE INVENTORY SOLUTIONS, AND PHILANTHROPY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeannie Barsam Founder & Ce | OfficerTrustee | 4 | $0 |
Justin R Gobert Director | OfficerTrustee | 0.3 | $0 |
Kimberly Carney Director | OfficerTrustee | 3 | $0 |
Philip Hancock Treasurer | OfficerTrustee | 1 | $0 |
John Br Long III Director | OfficerTrustee | 0.3 | $0 |
Stacee Johnson-Williams Director | 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 | $630,735 |
| Noncash contributions included in lines 1a–1f | $514,886 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $630,735 |
| Total Program Service Revenue | $0 |
| 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 | $17,641 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $648,376 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| 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 | $6,454 |
| Advertising and promotion | $8,302 |
| Office expenses | $1,051 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $6,819 |
| Total functional expenses | $88,723 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,256 |
| 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 | $118 |
| Inventories for sale or use | $563,437 |
| 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 | $0 |
| Total assets | $628,811 |
| 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 | $4,575 |
| Total liabilities | $4,575 |
| Net assets without donor restrictions | $624,236 |
| 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 | $628,811 |
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