Nonprofit · EIN 92-2085321
GIFT COLLABORATIVE
Tax-exempt · PHILADELPHIA, PA 19106
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $999,842 | $1,829,138 | -$829,296 | $2,200,608 | $15,094 | $2,185,514 |
| December 31, 2023 | 990-EZ | $51,100 | $36,290 | $14,810 | $24,710 | $0 | $14,810 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $917,484
- Program service revenue
- $0
- Investment income
- $82,358
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $75,000
- Other salaries and wages
- $154,167
- Salaries, compensation and benefits (total)
- $246,698
- Professional fundraising fees
- $0
- Program services (functional)
- $1,630,984
- Management and general (functional)
- $198,154
Balance sheet and other
- Total assets, start of year
- $24,710
- Total assets, end of year
- $2,200,608
- Total liabilities, end of year
- $15,094
- Net assets, end of year
- $2,185,514
- Net assets without donor restrictions
- $86,373
- Net assets with donor restrictions
- $2,099,141
- Gross receipts
- $999,842
- Employees
- 0
- Year formed
- 2022
- State of legal domicile
- PA
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK HARDEN | TRUSTEE Trustee or director | 0.2 | $0 |
| JOHN E GUNS | TRUSTEE Trustee or director | 0.2 | $0 |
| MATTEW WILLIAMS | TRUSTEE Trustee or director | 0.2 | $0 |
| NILOUS M AVERYII | TRUSTEE Trustee or director | 0.2 | $0 |
| DARRYL B STARNES SR | TRUSTEE Trustee or director | 0.2 | $0 |
| STARSKY WILSON | TRUSTEE Trustee or director | 0.2 | $0 |
| VERGEL LATTIMORE | PRESIDENT Officer | 0.5 | $0 |
| MICHAEL J BROWN | SECRETARY Officer | 0.4 | $0 |
| TERESA BAZEMORE | TREASURER Officer | 0.4 | $0 |
990-EZ for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VERGEL LATTIMORE | PRESIDENT | 0.4 | $0 |
| MICHAEL J BROWN | SECRETARY | 0.2 | $0 |
| TERESA BAZEMORE | TREASURER | 2 | $0 |
| MARK HARDEN | TRUSTEE | 0.2 | $0 |
| JOHN E GUNS | TRUSTEE | 0.2 | $0 |
| MATTEW WILLIAMS | TRUSTEE | 0.2 | $0 |
| NILOUS M AVERYII | TRUSTEE | 0.2 | $0 |
| DARRYL B STARNES SR | TRUSTEE | 0.2 | $0 |
| STARSKY WILSON | TRUSTEE | 0.2 | $0 |
Address and contacts
- Address (IRS master file)
- 241 S 6TH ST APT 2201, PHILADELPHIA, PA 19106-3735
- In care of
- % DELORES F BRISBON
- Principal officer (990 for 2024)
- DELORES F BRISBON EXECUTIVE DIRECTO, 241 S 6TH STREET Ste 2201, PHILADELPHIA, PA 19106
- Signed the 990
- DELORES F BRISBON, CONVENER
- Phone
- (215) 629-9350
- Website
- thegiftcollaborative.org
- Return prepared by
- ARVELLE C JONES CPA LLC
Mission
CAPACITY BUILDING TO BLACK THEOLOGICAL EDUCATIONAL INSTITUTIONS.
Program accomplishments
- PROVIDED CAPACITY BUILDING TO BLACK THEOLOGICAL EDUCATIONAL INSTITUTIONS.Expenses $815,492 · revenue $999,842
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 92-2085321
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X19)
- Assets (IRS master file)
- $2,200,608
- Income (IRS master file)
- $999,842
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $999,842 | $1,829,138 | $2,200,608 | XML |
| 990-EZ | December 2023 | $51,100 | $36,290 | $24,710 | XML |
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 92-2085321).
Questions about GIFT COLLABORATIVE
- What is the EIN of GIFT COLLABORATIVE?
- The employer identification number (EIN) of GIFT COLLABORATIVE is 92-2085321.
- Is GIFT COLLABORATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to GIFT COLLABORATIVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does GIFT COLLABORATIVE 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 GIFT COLLABORATIVE 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 GIFT COLLABORATIVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GIFT COLLABORATIVE?
- The 990 for the year ended December 31, 2024 names DELORES F BRISBON EXECUTIVE DIRECTO.
- Who are the officers and directors of GIFT COLLABORATIVE?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does GIFT COLLABORATIVE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $999,842, expenses of $1,829,138 and total assets of $2,200,608 at year end.
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