Nonprofit · EIN 82-2671429
GIFTING BRANDS
Tax-exempt · THE COLONY, TX 75056
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $30,850 | $104,723 | -$73,873 | $222,474 | $5,633 | $216,841 |
| December 31, 2023 | 990-EZ | $4,574 | $152,280 | -$147,706 | $293,859 | $3,148 | $290,711 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $49,869
- Net income from sales of inventory
- -$19,019
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $8,601
- Other expenses
- $96,122
- Program services (functional)
- $92,163
Balance sheet and other
- Total assets, start of year
- $293,862
- Total assets, end of year
- $222,474
- Total liabilities, end of year
- $5,633
- Net assets, end of year
- $216,841
- Cash, savings and investments
- $19,647
- Gross receipts
- $116,173
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEANNIE BARSAM | FOUNDER & CE | 40 | $0 |
| MIKE OSORIO | PRESIDENT | 0.3 | $0 |
| HEATHER STEVENS | VICE PRESIDE | 0.3 | $0 |
| PHILIP HANCOCK | TREASURER | 0.3 | $0 |
| STACEE JOHNSON-WILLIAMS | DIRECTOR | 0.3 | $0 |
| JOHN BR LONG III | DIRECTOR | 0.3 | $0 |
| KIMBERLY CARNEY | DIRECTOR | 0.3 | $0 |
| JUSTIN R GOBERT | DIRECTOR | 0.3 | $0 |
| MEGAN ESCAMILLA | DIRECTOR | 0.3 | $0 |
990-EZ for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEANNIE BARSAM | FOUNDER & CE | 40 | $0 |
| MIKE OSORIO | PRESIDENT | 0.3 | $0 |
| HEATHER STEVENS | VICE PRESIDE | 0.3 | $0 |
| PHILIP HANCOCK | TREASURER | 0.3 | $0 |
| STACEE JOHNSON-WILLIAMS | DIRECTOR | 0.3 | $0 |
| JOHN BR LONG III | DIRECTOR | 0.3 | $0 |
| KIMBERLY CARNEY | DIRECTOR | 0.3 | $0 |
| JUSTIN R GOBERT | DIRECTOR | 0.3 | $0 |
| MEGAN ESCAMILLA | DIRECTOR | 0.3 | $0 |
Address and contacts
- Address (IRS master file)
- 8264 WESTERN, THE COLONY, TX 75056-6861
- In care of
- % JEANNIE BARSAM
- Mailing address (990-N for 2019)
- 7017 BELCREST DRIVE, PLANO TX 75024
- Principal officer (990-N for 2019)
- JEAN M BARSAM, 7017 BELCREST DRIVE, PLANO TX 75024
- Signed the 990-EZ
- JEANNIE BARSAM, FOUNDER & CEO
- Website
- WWW.GIFTINGBRANDS.ORG
- Return prepared by
- ALONSO & DIAZ PLLC
Mission
GIFTING BRANDS WILL PROVIDE GRANTS TO QUALIFYING 501(C)(3) ENTITIES TO SUPPORT PROJECTS IN FULFILLMENT OF THEIR CHARITABLE PURPOSES. WE WILL INITIALLY FOCUS OUR GIVING GUIDELINES IN SUPPORT OF ENTITIES SERVING WOMEN, CHILDREN, AND FAMILIES.
Program accomplishments
- GIFTING BRANDS SERVES AS A CATALYST FOR CHARITIES THAT IMPROVE THE LIVES OF WOMEN, CHILDREN, AND FAMILIES THROUGH A UNIQUE CONSUMER SHOPPING EXPERIENCE COMBINING THE POWER OF UPSCALE RETAIL BRANDS, SUSTAINABLE INVENTORY SOLUTIONS, AND PHILANTHROPY.Expenses $86,586
- .Expenses $5,577
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 82-2671429
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P12)
- Assets (IRS master file)
- $222,474
- Income (IRS master file)
- $116,173
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $30,850 | $104,723 | $222,474 | IRS |
| 990-EZ | December 2023 | $4,574 | $152,280 | $293,859 | XML |
| 990 | December 2022 | -$21,341 | $164,478 | $441,516 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: JEAN M BARSAM | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-2671429).
Questions about GIFTING BRANDS
- What is the EIN of GIFTING BRANDS?
- The employer identification number (EIN) of GIFTING BRANDS is 82-2671429.
- Is GIFTING BRANDS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to GIFTING BRANDS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GIFTING BRANDS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GIFTING BRANDS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GIFTING BRANDS last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of GIFTING BRANDS?
- The 990-N for 2019 names JEAN M BARSAM.
- Who are the officers and directors of GIFTING BRANDS?
- The 990-EZ for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does GIFTING BRANDS have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $30,850, expenses of $104,723 and total assets of $222,474 at year end.
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- NEXT STEPS THE COLONY EIN 84-2769256 · last filed 990 for 2025
- AASHA FOUNDATION EIN 82-3306879 · last filed 990-EZ for 2024
- VSHARP MUSIC FOUNDATION INC EIN 99-2598780 · last filed 990-EZ for 2025
- 27STRONG EIN 87-3283393 · last filed 990-N for 2025
- GIVING HEART CO EIN 99-4802354 · last filed 990-EZ for 2025
- SOLOMONS HOUSE EIN 82-2818577 · last filed 990-N for 2025