Givelify Give-Com Foundation
- Assets
- $2.3m
- Revenue
- $959.8k
- Investments
- $1.8m
- Employees
- 0
- Location
- Plano, TX
- Founding
- Data as of
- 12/2023
- EIN
- 85-4394679
Organization Overview
Givelify Give-Com Foundation is located in Plano, TX. 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. Givelify Give-Com 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 12/2023, Givelify Give-Com Foundation generated $959.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $1.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Givelify Give-Com Foundation has awarded 11 individual grants totaling $364,092. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THIS ORGANIZATION ASPIRES TO CONNECT PEOPLE TO CAUSES THAT INSPIRE THEM TO ACTION; RECEIVE CONTRIBUTIONS FROM THEM AND ISSUE GIFT RECEIPTS; GRANT THE FUNDS TO THE DESIGNATED CHARITY; AND PROVIDE REAL-TIME TRACKING OF EACH CONTRIBUTION TO THE DONOR. THE CORPORATION WILL HELP CHARITIES CRAFT INSPIRING STORIES OF THEIR MISSION AND IMPACT AND HELP SUCH CHARITIES HELP LEVERAGE THE INTERNET TO EXPAND THEIR DIGITAL REACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIVELIFY FOUNDATION HAS BEEN AT WORK ON BRAVO! STORIES OF GOOD. BRAVO! NONPROFITS. THE EVERYDAY HEROES CHANGING THEIR WORLD WITH KINDNESS AND GENEROSITY. IN 2023, THE STORIES OF BRAVO STORIES OF GOOD ARE 2-5 MINUTES VIDEOS THAT TOLD STORIES FOR ORGANIZATIONS WITH THEIR MISSION AND IMPACT AND HELP LEVERAGE THE INTERNET TO EXPAND THEIR DIGITAL REACH SO THAT THESE CHARITIES CAN OPTIMIZE FUNDRAISING AND IN TURN, THEIR PUBLIC IMPACT.
REGULAR DONATIONS TO NON-PROFITS FOR GENERAL MISSION SUPPORT.
GIVELIFY GIVE.COM FOUNDATION CONNECTS DONORS TO CHARITIES THAT DO NOT HAVE A REGISTERED GIVELIFY ACCOUNT AND FACILITATE THESE CHARITABLE CONTRIBUTIONS, INCREASING PUBLIC, CHARITABLE IMPACT.
THE GIVING IN FAITH REPORT EXPLORES THE STATE OF FAITH BASED GIVING IN THE US BY CONSIDERING THE CONVERGING PERSPECTIVES OF THE INDIVIDUAL GIVER, THE FAITH LEADER AND THE CONGREGATION. GIVELIFY GIVE-COM FOUNDATION WAS INVOLVED ON EXPANDING THE RESEARCH INTERVIEWS TO FAITH LEADERS OUTSIDE OF GIVELIFY TO HAVE HAVE A REPRESENTATION OF FAITH LEADERS ACCROSS THE US.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Olawale Mafolasire President | OfficerTrustee | 1 | $0 |
Boye Fadeyibi Treasurer | OfficerTrustee | 1 | $0 |
Jimi Kolawole 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 | $894,387 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $894,387 |
| Total Program Service Revenue | $55,782 |
| Investment income | $9,665 |
| 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 | $959,834 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250,236 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $730,227 |
| 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 | $773 |
| Fees for services: Accounting | $7,483 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $146,985 |
| Advertising and promotion | $0 |
| Office expenses | $16 |
| Information technology | $4,105 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,080 |
| 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 | $355 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,175,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $535,409 |
| 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 | $249 |
| Net Land, buildings, and equipment | $978 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,770,510 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42 |
| Total assets | $2,307,188 |
| Accounts payable and accrued expenses | $62,403 |
| 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 | $62,403 |
| Net assets without donor restrictions | $0 |
| 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 | $2,244,785 |
| Total liabilities and net assets/fund balances | $2,307,188 |
Grants Awarded
Over the last fiscal year, Givelify Give-Com Foundation has awarded $199,092 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
INDIANA UNIVERSITY FOUNDATION PURPOSE: To support the mission of the non profit entity. | $50,000 |
NATIONAL BAPTIST CONVENTION USA INC PURPOSE: To support the mission of the non profit entity. | $10,000 |
DRC2 COGIC CONGO PURPOSE: To support the mission of the non profit entity. | $70,478 |
LIBERATION FELLOWSHIP CHURCH PURPOSE: To support the mission of the non profit entity | $20,498 |
THE BRIDGE MINISTRIES PURPOSE: To support the mission of the non profit entity | $19,416 |
NEW BEGINNING MISSIONARY BAPTIST CHURCH PURPOSE: To support the mission of the non profit entity | $16,306 |