Gifting Brands
- Assets
- $293.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- The Colony, TX
- Founding
- 03/2018
- Data as of
- 12/2023
- 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 12/2023, Gifting Brands generated $4.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (63.4%) each year. All expenses for the organization totaled $152.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
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
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeannie Barsam Founder & Ce | 40 | $0 | |
Mike Osorio President | 0.3 | $0 | |
Heather Stevens Vice Preside | 0.3 | $0 | |
Philip Hancock Treasurer | 0.3 | $0 | |
Stacee Johnson-Williams Director | 0.3 | $0 | |
John Br Long III Director | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,561 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4,574 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $13,481 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $138,799 |
| Total expenses | $152,280 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,630 |
| Other assets | $0 |
| Total assets | $293,859 |
| Total liabilities | $3,148 |
| Net assets or fund balances | $290,711 |