Civic Intelligence

Philanthropi Charitable

990 • Fiscal year 2020 • EIN 45-5634144

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

2200 Arch St Ste 101Philadelphia, PA 19103

(215) 525-3593

Siviq Scores

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

Liabilities / Assets

25th percentile

0.01x

Higher debt load relative to assets than 25% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

19th percentile

0.01x

Higher debt load relative to revenue than 19% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

92nd percentile

56%

Higher net margin than 92% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

99th percentile

1429%

Faster asset growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

100th percentile

2111%

Faster revenue growth than 100% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,047,270

Up $978,760 (+1429%) from 2019

Net Assets

Up

$1,038,470

Up $969,960 (+1416%) from 2019

Liabilities

Up

$8,800

Up $8,800 from 2019

Revenue

Up

$1,734,440

Up $1,656,005 (+2111%) from 2019

Expenses

Up

$764,480

Up $753,413 (+6808%) from 2019

Net Income

Up

$969,960

Up $902,592 (+1340%) from 2019

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2019: $68,510Liabilities 2019: $0Net Assets 2019: $68,5102019Assets 2020: $1,047,270Liabilities 2020: $8,800Net Assets 2020: $1,038,4702020Assets 2021: $994,404Liabilities 2021: $56,703Net Assets 2021: $937,7012021Assets 2022: $1,552,487Liabilities 2022: $75,800Net Assets 2022: $1,476,6872022Assets 2023: $1,400,870Liabilities 2023: $1,764Net Assets 2023: $1,399,1062023Assets 2024: $1,352,259Liabilities 2024: $1,764Net Assets 2024: $1,350,4952024

Highlighted filing

2020

Assets$1,047,270
Liabilities$8,800
Net Assets$1,038,470

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $78,435Expenses 2019: $11,067Net Income 2019: $67,3682019Revenue 2020: $1,734,440Expenses 2020: $764,480Net Income 2020: $969,9602020Revenue 2021: $2,131,591Expenses 2021: $2,232,360Net Income 2021: -$100,7692021Revenue 2022: $831,524Expenses 2022: $489,076Net Income 2022: $342,4482022Revenue 2023: $828,711Expenses 2023: $812,221Net Income 2023: $16,4902023Revenue 2024: $352,878Expenses 2024: $401,489Net Income 2024: -$48,6112024

Highlighted filing

2020

Revenue$1,734,440
Expenses$764,480
Net Income$969,960
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$1,734,440
Mission and Program Overview

Mission

Philanthropi's primary objective is to increase the charitable giving to elgible organizations through it's fundraising and outreach efforts. Services provided by philanthropi include, but not limited to the due diligence of charitable organizations, administration of grant awards to eligible organizations, and enhancing the impact of charitable giving and disaster relief.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$68,510$1,047,270▲ $978,760
Total Assets$68,510$1,047,270▲ $978,760
Liabilities
Accounts Payable and Accrued Expenses-$8,800-
Total Liabilities$0$8,800▲ $8,800
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$68,510$1,038,470▲ $969,960
Total Net Assets Fund Balance$68,510$1,038,470▲ $969,960
Total Liabilities and Net Assets / Fund Balance$68,510$1,047,270▲ $978,760
Compensation and Service Providers

Board Members and Trustees

NameTitle
Keith LeaphartPresident
Sulaiman RahmanBoard Member
Jeri Lynne JohnsonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,734,440
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,734,440
Change in Net Assets
$969,960

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,734,440
Revenue Not Reported on Form 990
$119,150
Total Revenue per Audited Statements
$1,853,590
Total Revenue per Form 990
$1,734,440
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$753,280
Other Expenses$11,200
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$753,280--$753,280
Fees for Services Accounting-$8,800-$8,800
Fees for Services Other-$2,400-$2,400
Total Functional Expenses$753,280$11,200$0$764,480

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$883,630
Expenses per Audited Statements$764,480
Total Expenses per Form 990$764,480
Expenses Not Reported on Form 990$119,150
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Majority OwnerDonated ServicesNo$119,150
-Board ChairContribution FromNo$50,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Donated services are utilized to maintain programs of philanthropi. Management is delegated to philanthropos, llc, with donated services being recorded as in-kind contributions and expenses where measurable and paid for by philanthropos.

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed in draft form by the entire board prior to being finalized. Once approved by the board, the form 990 is filed.

Form 990, Page 6, Part VI, Line 12C

Philanthropi maintains a conflict-of-interest policy. On an annual basis, key individuals must answer a questionnaire which aims to identify and probe the extent of any potential conflicts of interest. This process is monitored and enforced by the board of directors at regular intervals.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Philanthropi Charitable
EIN
45-5634144
Phone
2155253593
Address
2200 ARCH ST STE 101, PHILADELPHIA, PA 19103

Signing Officer

Name
Keith Leaphart
Title
President
Phone
2155253593
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keith Leaphart
Formed
2014
Legal Domicile
Va
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Jtgoldstein
Address
2200 ARCH ST STE 101, PHILADELPHIA, PA 19103-2136
Preparer
Jovan Goldstein
Phone
2155253593
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Philanthropi's primary objective is to increase the charitable giving to elgible organizations through it's fundraising and outreach efforts. Services provided by philanthropi include, but not limited to the due diligence of charitable organizations, administration of grant awards to eligible organizations, and enhancing the impact of charitable giving and disaster relief.

Form 990

Effective february 19, 2019 giv2giv, inc. Ein45-5634144 board of directors elected to change the name to philanthropi charitable, ein 45-5634144.

Financial Statement Notes

Schedule D, Page 3, Part X

Philanthropi is exempt from federal income tax under irc section 501(a) as an organization described in section 501(c)(3). Prior to december 29, 2020, philanthropi was classified as a public charity described in irc section 509(a)(2). Based on our request, the internal revenue service ("irs") determined that philanthropi met the requirements for classification as a public charity described in irc section 509(a)(1) and 170(b)(1)(a)(vi). With the exception of the matter discussed above, since its initial filing for tax-exempt status, philanthropi has not received any notice from the irs that such tax exempt status has been challenged or changed. There was no taxable income as of december 31, 2020. Therefore, no provision for income taxes has been included in philanthropi's financial statements. The preparation of financial statements in conformity with accounting principles generally accepted in the united states of america requires philanthropi to report information regarding its exposure to various tax positions taken by philanthropi. Philanthropi has reviewed whether any tax positions have met the recognition threshhold and have measured philanthropi's exposure to those tax positions. Management believes that philanthropi adequately addressed all relevant tax positions and there are no unrecorded tax liabilities. Any interest or penalties assessed to philanthropi are recorded in expenses. No interest or penalties from federal or state tax authorities were recorded in the accompanying financial statements.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PHILANTHROPI IS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). PRIOR TO DECEMBER 29, 2020, PHILANTHROPI WAS CLASSIFIED AS A PUBLIC CHARITY DESCRIBED IN IRC SECTION 509(A)(2). BASED ON OUR REQUEST, THE INTERNAL REVENUE SERVICE ("IRS") DETERMINED THAT PHILANTHROPI MET THE REQUIREMENTS FOR CLASSIFICATION AS A PUBLIC CHARITY DESCRIBED IN IRC SECTION 509(A)(1) AND 170(B)(1)(A)(VI). WITH THE EXCEPTION OF THE MATTER DISCUSSED ABOVE, SINCE ITS INITIAL FILING FOR TAX-EXEMPT STATUS, PHILANTHROPI HAS NOT RECEIVED ANY NOTICE FROM THE IRS THAT SUCH TAX EXEMPT STATUS HAS BEEN CHALLENGED OR CHANGED. THERE WAS NO TAXABLE INCOME AS OF DECEMBER 31, 2020. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN PHILANTHROPI'S FINANCIAL STATEMENTS. THE PREPARATION OF FINANCIAL STATEMENTS IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES PHILANTHROPI TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY PHILANTHROPI. PHILANTHROPI HAS REVIEWED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHHOLD AND HAVE MEASURED PHILANTHROPI'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT PHILANTHROPI ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THERE ARE NO UNRECORDED TAX LIABILITIES. ANY INTEREST OR PENALTIES ASSESSED TO PHILANTHROPI ARE RECORDED IN EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS.
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0DONATED SERVICES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1CONTRIBUTION FROM
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0THE BOARD CHAIRMAN CONTRIBUTED 50,000 TO PHILANTHROPI CHARITABLE DURING THE YEAR. A SEPARATE, UNAFFILIATED FOUNDATION - FOR WHICH PHILANTHROPI'S BOARD CHAIRMAN ALSO SERVES AS BOARD CHAIR - ALSO CONTRIBUTED 50,000 TO PHILANTHROPI DURING THE YEAR. PHILANTHROPOS, LLC IS A SEPARATE FINTECH ENTITY THAT PROVIDES INFORMATION TECHNOLOGY SERVICES FOR THE ADMINISTRATION OF DONOR-ADVISED AND HARDSHIP- RELIEF FUNDS TO CORPORATIONS, FINANCIAL INSTITUTIONS, AND INDIVIDUALS. PHILANTHROPOS, LLC WAS FOUNDED BY THE CHAIRMAN OF THE BOARD OF PHILANTHROPI, WHO IS THE MAJORITY OWNER OF PHILANTHROPOS, LLC.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PHILANTHROPI'S PRIMARY OBJECTIVE IS TO INCREASE THE CHARITABLE GIVING TO ELGIBLE ORGANIZATIONS THROUGH IT'S FUNDRAISING AND OUTREACH EFFORTS. SERVICES PROVIDED BY PHILANTHROPI INCLUDE, BUT NOT LIMITED TO THE DUE DILIGENCE OF CHARITABLE ORGANIZATIONS, ADMINISTRATION OF GRANT AWARDS TO ELIGIBLE ORGANIZATIONS, AND ENHANCING THE IMPACT OF CHARITABLE GIVING AND DISASTER RELIEF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EFFECTIVE FEBRUARY 19, 2019 GIV2GIV, INC. EIN45-5634144 BOARD OF DIRECTORS ELECTED TO CHANGE THE NAME TO PHILANTHROPI CHARITABLE, EIN 45-5634144.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DONATED SERVICES ARE UTILIZED TO MAINTAIN PROGRAMS OF PHILANTHROPI. MANAGEMENT IS DELEGATED TO PHILANTHROPOS, LLC, WITH DONATED SERVICES BEING RECORDED AS IN-KIND CONTRIBUTIONS AND EXPENSES WHERE MEASURABLE AND PAID FOR BY PHILANTHROPOS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS REVIEWED IN DRAFT FORM BY THE ENTIRE BOARD PRIOR TO BEING FINALIZED. ONCE APPROVED BY THE BOARD, THE FORM 990 IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PHILANTHROPI MAINTAINS A CONFLICT-OF-INTEREST POLICY. ON AN ANNUAL BASIS, KEY INDIVIDUALS MUST ANSWER A QUESTIONNAIRE WHICH AIMS TO IDENTIFY AND PROBE THE EXTENT OF ANY POTENTIAL CONFLICTS OF INTEREST. THIS PROCESS IS MONITORED AND ENFORCED BY THE BOARD OF DIRECTORS AT REGULAR INTERVALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0824732959
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0IT SERVICE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0PHILANTHROPOS LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfEOYAssetsAmt01666178
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfTotalIncomeAmt0168360
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0C/O JTGOLDSTEIN 2200 ARCH STE 101
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0PHILADELPHIA
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IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV OF SERVICES
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0PHILANTHROPOS LLC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
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IRS990/StatesWhereCopyOfReturnIsFldCd1VA
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt01047270
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01734440
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011200
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0753280
IRS990/TotalFunctionalExpensesGrp/TotalAmt0764480
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt08800
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt08800
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt068510
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01038470
IRS990/TotalProgramServiceExpensesAmt0753280
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01734440
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt068510
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01047270
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02400 MARKET ST SUITE 217
IRS990/USAddress/CityNm0PHILADELPHIA
IRS990/USAddress/StateAbbreviationCd0PA
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IRS990/WebsiteAddressTxt0PHILANTHROPI.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KEITH LEAPHART
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02155253593
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PHILANTHROPI CHARITABLE
ReturnHeader/Filer/BusinessNameControlTxt0PHIL
ReturnHeader/Filer/EIN0455634144
ReturnHeader/Filer/PhoneNum02155253593
ReturnHeader/Filer/USAddress/AddressLine1Txt02200 ARCH ST STE 101
ReturnHeader/Filer/USAddress/CityNm0PHILADELPHIA
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203811563
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JTGOLDSTEIN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02200 ARCH ST STE 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PHILADELPHIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0191032136
ReturnHeader/PreparerPersonGrp/PhoneNum02155253593
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOVAN GOLDSTEIN
ReturnHeader/ReturnTs02021-11-15T18:55:37-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KEITH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LEAPHART
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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