Donatestock Charitable Inc
- Assets
- $790.5k
- Revenue
- $9.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- Data as of
- 12/2022
- EIN
- 87-1569770
Organization Overview
Donatestock Charitable Inc is located in Houston, TX. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Donatestock Charitable 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, Donatestock Charitable Inc generated $9.4m in total revenue. All expenses for the organization totaled $9.0m during the year ending 12/2022.
Since 2022, Donatestock Charitable Inc has awarded 57 individual grants totaling $8,156,887. 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
HELP NONPROFITS DIVERSIFY AND GROW SOURCES OF FUNDING BY FACILITATING CHARITABLE STOCK GIFTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A FISCAL SPONSOR, DONATESTOCK CHARITABLE FACILITATED MORE THAN 800+ STOCK DONATIONS TO MORE THAN 300 CHARITABLE ORGANIZATIONS IN OUR FIRST FULL YEAR. THE VAST MAJORITY OF THESE ORGS WERE PREVIOUSLY EXCLUDED FROM STOCK GIFTING AS THEY DID NOT HAVE A BROKERAGE ACCOUNT. THOSE WITH ACCOUNTS SAVED COUNTLESS HOURS MANUALLY PROCESSING STOCK GIFTS, ENABLING TO FOCUS MORE OF THEIR RESOURCES ON THEIR MISSION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Chukumba Director | Trustee | 0.5 | $0 |
Vanessa Chambers Director | Trustee | 0.5 | $0 |
Berna Barshay Secretary | Trustee | 0.5 | $0 |
Jean Vendice Treasurer | Trustee | 0.5 | $0 |
Steve Latham Chairman | Officer | 4 | $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 | $9,372,727 |
| Noncash contributions included in lines 1a–1f | $9,372,727 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,372,727 |
| Total Program Service Revenue | $0 |
| Investment income | $409 |
| 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 | $9,373,136 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,852,558 |
| 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 | $119,000 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $8,971,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,773 |
| 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 | $11,156 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $647,537 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $790,466 |
| Accounts payable and accrued expenses | $24,705 |
| 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 | $5,000 |
| Other liabilities | $600 |
| Total liabilities | $30,305 |
| 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 | $760,161 |
| Total liabilities and net assets/fund balances | $790,466 |
Grants Awarded
Over the last fiscal year, Donatestock Charitable Inc has awarded $8,156,887 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA ACADEMY OF THE PERFORMING A | | | $10,456 |
ACTION AGAINST HUNGER USA | | | $5,968 |
BIG BROTHERS BIG SISTERS OF GREATER | | | $24,818 |
ARCHANGEL SCHOOL | | | $6,340 |
BROOKE OWENS FELLOWSHIP | | | $105,970 |
BUILDING DECARBONIZATION COALITION | | | $179,021 |