Civic Intelligence

Pledges Inc.

990 • Fiscal year 2021 • EIN 36-4963438

Jan 01, 2021 to Dec 31, 2021 • Filed on Jan 23, 2023

1995 Santa Ana AveCosta Mesa, CA 92627

(415) 243-6967

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

94th percentile

73%

Higher net margin than 94% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

100th percentile

1440%

Faster asset growth than 100% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

99th percentile

1585%

Faster revenue growth than 99% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$6,010,474

Up $5,620,249 (+1440%) from 2020

Net Assets

Up

$6,010,474

Up $5,620,249 (+1440%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$7,665,603

Up $7,210,580 (+1585%) from 2020

Expenses

Up

$2,035,157

Up $1,970,359 (+3041%) from 2020

Net Income

Up

$5,630,446

Up $5,240,221 (+1343%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2020: $390,225Liabilities 2020: $0Net Assets 2020: $390,2252020Assets 2021: $6,010,474Liabilities 2021: $0Net Assets 2021: $6,010,4742021Assets 2022: $7,014,277Liabilities 2022: $1,000,000Net Assets 2022: $6,014,2772022Assets 2023: $5,149,980Liabilities 2023: $0Net Assets 2023: $5,149,9802023Assets 2024: $4,379,207Liabilities 2024: $6,933Net Assets 2024: $4,372,2742024

Highlighted filing

2021

Assets$6,010,474
Liabilities$0
Net Assets$6,010,474

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2020: $455,023Expenses 2020: $64,798Net Income 2020: $390,2252020Revenue 2021: $7,665,603Expenses 2021: $2,035,157Net Income 2021: $5,630,4462021Revenue 2022: $1,322,484Expenses 2022: $2,318,681Net Income 2022: -$996,1972022Revenue 2023: $371,423Expenses 2023: $280,414Net Income 2023: $91,0092023Revenue 2024: $444,595Expenses 2024: $822,301Net Income 2024: -$377,7062024

Highlighted filing

2021

Revenue$7,665,603
Expenses$2,035,157
Net Income$5,630,446
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jan 23, 2023
Return Version
2021v4.2
Gross Receipts
$7,665,603
Mission and Program Overview

Mission

Pledges, Inc. provides fiscal sponsorship for fledgling charitable missions who have not yet received their 501c3 status from the IRS.

To help support and fiscally sponsor projects, especially in technical training in developing countries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$390,209$3,956,239▲ $3,566,030
Other Notes and Loans Receivable, Net-$2,000,000-
Savings and Temporary Cash Investments$16--
Total Assets$390,225$6,010,474▲ $5,620,249
Other Assets Total-$54,235-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$390,225$5,995,474▲ $5,605,249
Net Assets With Donor Restrictions-$15,000-
Total Net Assets Fund Balance$390,225$6,010,474▲ $5,620,249
Total Liabilities and Net Assets / Fund Balance$390,225$6,010,474▲ $5,620,249
Compensation and Service Providers

Board Members and Trustees

NameTitle
Murtaza HussainPresident / Treasurer
Ali MoizDirector
Cassius KianiSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$7,611,065
Program Service Revenue
$0
Investment Income
$54,538
Other Revenue
$0
All Other Contributions
$7,611,065
Change in Net Assets
$5,630,446

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,665,603
Total Revenue per Audited Statements
$7,665,603
Total Revenue per Form 990
$7,665,603
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,832,942
Other Expenses$202,215
Total Fundraising Expense$4,435
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,173,194--$1,173,194
Foreign Grants$490,489--$490,489
Grants to Domestic Individuals$169,259--$169,259
Fees for Services Other$140,360--$140,360
Information Technology$40,430--$40,430
Fees for Services Accounting-$10,038-$10,038
Advertising--$4,435$4,435
Office Expenses-$3,955-$3,955
Occupancy-$1,819-$1,819
Fees for Services Legal-$968-$968
Travel-$210-$210
Total Functional Expenses$2,013,732$16,990$4,435$2,035,157

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,035,157
Total Expenses per Audited Statements$2,035,157
Total Expenses per Form 990$2,035,157
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
World System Solutions IncPemproke Pines, FL501c3Fiscal sponsorship grant$451,565
Tigray Development Assoc of North AmericaWashington, DC501c3Fiscal sponsorship grant$46,709
The People's FundraiserWashington, DC501c3Fiscal sponsorship grant$37,940
Hopewell Helpers LLCPennington, NJ-Fiscal sponsorship grant$28,874
Lucky Animal Protection ShelterBroadlands, VA501c3Fiscal sponsorship grant$21,616
Collective of Concerned Black ProfessionalsBrooklyn, NY-Fiscal sponsorship grant$21,041
Vasona Hill FoundationLas Vegas, NV501c3Fiscal sponsorship grant$20,000
World United Ministry IncKnoxville, TN501c3Fiscal sponsorship grant$20,000
Health Professionals Network for TigrayPortland, OR501c3Fiscal sponsorship grant$19,570
Trips Beyond the ClassroomScottsdale, AZ-Fiscal sponsorship grant$16,191
Artic TernEverett, WA-Fiscal sponsorship grant$10,924
The XylomAtlanta, GA-Fiscal sponsorship grant$5,980

International Summary

Spending
$390,488

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Middle East and North AfricaGrantmaking---$129,811
East Asia and the PacificGrantmaking---$101,843
Sub-Saharan AfricaGrantmaking---$86,565
South AmericaGrantmaking---$46,590
Europe Including Iceland and GreenlandGrantmaking---$13,679
South AsiaGrantmaking---$12,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A copy of the Form 990 is emailed to all board members for review prior to submitting with the IRS.

Form 990, Part VI, Section B, Line 12C

The organization enforced compliance with its conflict of interest policy by reviewing it at board meetings.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statemetns available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Pledges Inc
EIN
36-4963438
Phone
4152436967
Address
1995 Santa Ana Ave, Costa Mesa, CA 92627

Signing Officer

Name
Murtaza Hussain
Title
President
Phone
4152436967
Signed
2023-01-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Murtaza Hussain
Formed
2020
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Foundation Group Inc
Address
2451 Atrium Way Suite 300, Nashville, TN 37214
Preparer
Shannon M Evans
Phone
6153619445
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other Fees for Services Contract Labor - 133,428 Other Professional Fees - 6,932

Raw XML AppendixShowing 400 of 522 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt2Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt3Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt4Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt5Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt6Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt7Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt8Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt9Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt10Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt11Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt12Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt13Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0Fiscal sponsorship grant
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1Fiscal sponsorship grant
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt2Fiscal sponsorship grant
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt3Fiscal sponsorship grant
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt4Fiscal sponsorship grant
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt5Fiscal sponsorship grant
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt6Fiscal sponsorship grant
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt7Fiscal sponsorship grant
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt8Fiscal sponsorship grant
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt9Fiscal sponsorship grant
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt10Fiscal sponsorship grant
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt11Fiscal sponsorship grant
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt12Fiscal sponsorship grant
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt13Fiscal sponsorship grant
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0Middle East and North Africa
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1Sub-Saharan Africa
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt2Europe Including Iceland and Greenland
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt3South America
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt4Europe Including Iceland and Greenland
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt5Sub-Saharan Africa
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt6Sub-Saharan Africa
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt7Middle East and North Africa
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt8Sub-Saharan Africa
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt9East Asia and the Pacific
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt10East Asia and the Pacific
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt11South America
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt12South America
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt13South Asia
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalSpentAmt0390488
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0Grantees complete and submit an application form. Once the application is reviewed and approved, the documentation and agreements are completed. Funds are disbursed based on donations received. Upon completion of the grant/sponsorship, the grantee is required to submit an impact statement or end-of-scope form as documentation for use of funds.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 2
IRS990ScheduleF/TotalOtherOrgCnt014
IRS990ScheduleF/TotalSpentAmt0390488
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0198133
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Fiscal Sponsorship Grants
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt016
IRS990ScheduleI/RecipientTable/CashGrantAmt037940
IRS990ScheduleI/RecipientTable/CashGrantAmt120000
IRS990ScheduleI/RecipientTable/CashGrantAmt221616
IRS990ScheduleI/RecipientTable/CashGrantAmt346709
IRS990ScheduleI/RecipientTable/CashGrantAmt419570
IRS990ScheduleI/RecipientTable/CashGrantAmt5451565
IRS990ScheduleI/RecipientTable/CashGrantAmt620000
IRS990ScheduleI/RecipientTable/CashGrantAmt716191
IRS990ScheduleI/RecipientTable/CashGrantAmt810924
IRS990ScheduleI/RecipientTable/CashGrantAmt921041
IRS990ScheduleI/RecipientTable/CashGrantAmt105980
IRS990ScheduleI/RecipientTable/CashGrantAmt1128874
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501c3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501c3
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501c3
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501c3
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501c3
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501c3
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501c3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Fiscal sponsorship grant
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Fiscal sponsorship grant
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Fiscal sponsorship grant
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3Fiscal sponsorship grant
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4Fiscal sponsorship grant
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5Fiscal sponsorship grant
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6Fiscal sponsorship grant
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7Fiscal sponsorship grant
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8Fiscal sponsorship grant
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9Fiscal sponsorship grant
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10Fiscal sponsorship grant
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt11Fiscal sponsorship grant
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0The People's Fundraiser
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1World United Ministry Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Lucky Animal Protection Shelter
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Tigray Development Assoc of North America
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4Health Professionals Network for Tigray
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5World System Solutions Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6Vasona Hill Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7Trips Beyond the Classroom
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8Artic Tern
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9Collective of Concerned Black Professionals
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt10The Xylom
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt11Hopewell Helpers LLC
IRS990ScheduleI/RecipientTable/RecipientEIN0814004928
IRS990ScheduleI/RecipientTable/RecipientEIN1832622885
IRS990ScheduleI/RecipientTable/RecipientEIN2884070770
IRS990ScheduleI/RecipientTable/RecipientEIN3521666534
IRS990ScheduleI/RecipientTable/RecipientEIN4861489275
IRS990ScheduleI/RecipientTable/RecipientEIN5861933996
IRS990ScheduleI/RecipientTable/RecipientEIN6854193014
IRS990ScheduleI/RecipientTable/RecipientEIN7862496946
IRS990ScheduleI/RecipientTable/RecipientEIN8863594154
IRS990ScheduleI/RecipientTable/RecipientEIN9874350156
IRS990ScheduleI/RecipientTable/RecipientEIN10814004928
IRS990ScheduleI/RecipientTable/RecipientEIN11851486151
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt061 Pierce Street Northeast
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt19609 Westland Cove Way
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt221401 Falling Rock Terrace
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3100 M St SE 600
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt424 SE 154th Ave
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt517512 NW 7th Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt63225 Mcleod Dr Ste 100
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt710115 E Bell Rd Ste 107-489
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt89410 7th Ave Apt A9
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt9928 St Marks Ave
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt10925B Peachtree St NE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt112 Tucker Way
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Washington
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Knoxville
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Broadlands
IRS990ScheduleI/RecipientTable/USAddress/CityNm3Washington
IRS990ScheduleI/RecipientTable/USAddress/CityNm4Portland
IRS990ScheduleI/RecipientTable/USAddress/CityNm5Pemproke Pines
IRS990ScheduleI/RecipientTable/USAddress/CityNm6Las Vegas
IRS990ScheduleI/RecipientTable/USAddress/CityNm7Scottsdale

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