Overview
What is Donatestock Charitable Inc?
Donatestock Charitable Inc, situated in Houston, Texas, serves as a fiscal sponsor, fostering over 800 stock donations to more than 300 charitable organizations in its inaugural full year. This nonprofit primarily assists in diversifying and expanding the funding sources for these organizations, many of which were previously unable to receive stock gifts due to lacking a brokerage account. By facilitating this process, Donatestock Charitable Inc allows these organizations to save valuable time, enabling them to channel their resources more effectively towards their respective missions.
Is Donatestock Charitable Inc legitimate?
Donatestock Charitable Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Donatestock Charitable Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Donatestock Charitable Inc?
Donatestock Charitable Inc's mission is centered around assisting nonprofit organizations. Specifically, it aims to expand and strengthen these organizations' funding sources by promoting charitable stock gifting. As a fiscal sponsor, Donatestock Charitable facilitated numerous stock donations, enabling over 300 charitable organizations to benefit from this funding method, even if they previously lacked the necessary brokerage accounts. Organizations that already had brokerage accounts also benefited, saving time and resources that could be redirected towards their primary mission.
What is the revenue of Donatestock Charitable Inc?
Donatestock Charitable Inc's revenue in 2023 was $5,095,831.
Who are the executives of Donatestock Charitable Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Donatestock Charitable Inc?
Donatestock Charitable Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Donatestock Charitable Inc
Donatestock Charitable Inc, a fiscal sponsor, is committed to assisting nonprofit organizations in broadening and strengthening their funding sources. Their primary mission is to facilitate charitable stock gifting, a process that allows nonprofits to receive donations of stocks rather than just cash. This service is particularly beneficial for organizations that previously lacked the necessary brokerage accounts to accept such donations. By offering this service, Donatestock Charitable Inc enables these nonprofits to save valuable time and resources, allowing them to focus more on their core mission. Furthermore, for nonprofits that already have brokerage accounts, Donatestock Charitable Inc streamlines the process of receiving stock gifts, freeing up additional resources for their charitable work.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Donatestock Charitable Inc has made a significant impact by helping nonprofits diversify and grow their funding sources through charitable stock gifting. In their first year as a Fiscal sponsor, they facilitated over 800 stock donations to more than 300 charitable organizations that were previously excluded from stock gifting due to lack of brokers. This has enabled these organizations to access a new and valuable source of funding, ultimately helping them further their missions and support their communities.
This information is meant to be a general summary of Donatestock Charitable Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,947
- Program Service Revenue: $15,033
- Gross Receipts: $5,095,831
Assets and Liabilities:
- Total Assets: $790,466
- Total Liabilities: $30,305
- Net Assets: $760,161
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Donation Service Fees
Revenue
$15,033
Organization Details
Founding Year
2021
Principal Officer
Berna Barshay
NTEE Category
Code: W12 - Public benefit
If you are a representative of Donatestock Charitable Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.