Rethink Charity
- Assets
- $1.2m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Mineral, VA
- Founding
- 02/2019
- Data as of
- 12/2022
- EIN
- 82-5325150
Organization Overview
Rethink Charity is located in Mineral, VA. The organization was established in 2019. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Rethink 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, Rethink Charity generated $7.6m in total revenue. All expenses for the organization totaled $7.2m during the year ending 12/2022.
Since 2019, Rethink Charity has awarded 66 individual grants totaling $7,700,399. 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
RETHINK CHARITY'S MISSION IS TO ENCOURAGE EFFECTIVE ALTRUISM BY CREATING INITIATIVES THAT FACILITATE INTERPERSONAL ENGAGEMENT WITH THE OBJETIVE OF EXPOSING THE WIDER PUBLIC TO ALTRUISM PROJECTS AND ENERGIZING THOSE ALREADY INVOLVED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FISCALLY SPONSORING 12 PROJECTS IN 2022 TO FURTHER RETHINK CHARITY'S MISSION IN THE US AND ABROAD. PROCESSING $3,443,123.08 IN GRANTS AND INDIVIDUAL CONTRIBUTIONS TO OUR MOSTLY MODEL C FISCAL SPONSEES.
OUR REGRANTING PROGRAM AGGREGATES DONATIONS FROM FUNDRAISING CHARITIES (SUCH AS NETWORK FOR GOOD IN RELATION TO GIVING TUESDAY, RETHINK CHARITY FOUNDATION IN CANADA) AND DISTRIBUTES THEM TO OTHER 501(C)(3) ORGANIZATIONS.
RETHINK CHARITY GENERAL OPERATIONS TO SUPPORT THE FISCAL SPONSORSHIP PROGRAM AND REGRANTING ACTIVITIES TO OTHER CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Soon Khen Ow Yong Executive Director & President | OfficerTrustee | 20 | $0 |
Baxter Bullock Treasurer | OfficerTrustee | 20 | $0 |
Edward Prokop Secretary | OfficerTrustee | 20 | $0 |
Thomas Barnett Director | Trustee | 20 | $19,141 |
Kalista Barter Director | Trustee | 20 | $0 |
Ozzie Gooen Director | Trustee | 20 | $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 | $7,498,430 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,498,430 |
| Total Program Service Revenue | $115,763 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,614,193 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,454,054 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,559,462 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $19,141 |
| Compensation of current officers, directors, key employees. | $19,141 |
| 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 | $2,196 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $134,633 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $6,954 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,921 |
| 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 | $7,200,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,207,505 |
| 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 | $0 |
| 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 | $0 |
| Total assets | $1,207,505 |
| Accounts payable and accrued expenses | $80,761 |
| Grants payable | $0 |
| Deferred revenue | $615,053 |
| 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 | $695,814 |
| Net assets without donor restrictions | $511,691 |
| 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 | $1,207,505 |
Grants Awarded
Over the last fiscal year, Rethink Charity has awarded $1,924,890 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
VIDA PLENA PURPOSE: MENTAL HEALTH | $50,000 |
GENUNITY PURPOSE: COMMUNITY DEVELOPMENT | $53,315 |
LEAD FOR FARMED ANIMALS PURPOSE: ANIMAL WELFARE | $327,980 |
STELLA LABS PURPOSE: WOMEN EMPOWERMENT | $15,522 |
SUPER KINGDOM RESEARCH PURPOSE: AI SAFETY | $46,560 |
PARPA INC PURPOSE: SCIENTIFIC RESEARCH | $925,013 |