Givio Charitable Foundation

Nonprofit profile at a glance

EIN
473955325
IRS 990 coverage
2020–2024
Forms available
Form 990 2024, Form 990-N 2019
Location
Reston, VA, USA
Phone
5712422313
Rating
62
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Official website

Reported finances

Revenue
$1,565,952
Expenses
$294,131
Assets
$1,229,702
Liabilities
$21,673

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

2 people listed

Executive titles in this filing

  • GARY CARR (CEO, TREASURER)

People named in this filing

  • GARY CARR (CEO, TREASURER)
  • SATINDERPAL SINGH (CHAIRMAN, SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Promoting innovation that removes barriers to giving, givio charitable foundation equips, trains, and energizes new generations of donors to connect with the nonprofits that need us most. Our mission is to transform the giving experience in order to benefit every person, nonprofit, and community in need of greater support. Givio charitable sponsors three important programs. (i) future fundraisers of america engages young adults - "gen g" - teaching them to become the next generation of givers and fundraisers. (ii) our covid-19 survival program helps nonprofits to fundraise in today's modern, post-covid economy. (iii) our donor advised funds facilitate a "give anywhere, any time, to any org" experience in partnership with new and emerging charitable giving technology companies.

What it reported doing in 2024

The donor advised fund received more than 1,000 donations and disbursed grants to more than 500 us nonprofits.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 86% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 51
  • Transparency & Controls: 69
  • Accountability: 59
  • Sustainability: 87
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 17.7%; rating input score 18
  • Program expense ratio: 94.3%; rating input score 94
  • Fundraising efficiency: $115.99 raised per $1 spent on fundraising; rating input score 88; 88th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 19th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 0 of 8 controls in place; rating input score 0
    • Claims monitoring procedures: Fail
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 83.8%; rating input score 84; 36th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 50%; rating input score 50; 11th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 81.2%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 4.18; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 64; 64th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 36.7% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 64.1% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 65.1% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 17.7% of revenue deployed · 94.3% of spending went to programs
  • Governance: 1 of 2 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $277K in reported program spending
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 27 of 28 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, foreign activity, and grants
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 5 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 18/100.
  • High — Transparency & Controls: Foreign activity oversight: 8 of 8 not reported.
  • Review — Accountability: Independent voting board scored 50/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.