THE GIVING BACK FUND INC

EIN: 043367888 501(c)(3) Philanthropy & Grantmaking

BOSTON, MA

Total Revenue
$33,793,580
Total Expenses
$31,126,749
Total Assets
$16,605,579
Net Assets
$15,746,628
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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
MA
Principal Officer
MARC POLLICK
Phone
3106495222
Tax Period
2024-01-01 to 2024-12-31

THE GIVING BACK FUND INC, founded in 1997, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $33.8M in total revenue in fiscal year 2024. Expenses of $31.1M left a modest 8% surplus.

Mission

TO IMPROVE LIVES BY EXPANDING THE NUMBER OF PEOPLE AND THE AMOUNT OF RESOURCES DEDICATED TO GIVING.

Program Service Accomplishments

Program 1
Expenses: $27,719,148 Revenue: $26,752

1. NEXUS IS A GLOBAL COMMUNITY FOUNDED TO BRIDGE COMMUNITIES OF WEALTH AND SOCIAL ENTREPRENEURSHIP. WITH OVER 6,000 MEMBERS FROM 70 COUNTRIES, NEXUS WORK TO UNITE YOUNG INVESTORS, SOCIAL...

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1. NEXUS IS A GLOBAL COMMUNITY FOUNDED TO BRIDGE COMMUNITIES OF WEALTH AND SOCIAL ENTREPRENEURSHIP. WITH OVER 6,000 MEMBERS FROM 70 COUNTRIES, NEXUS WORK TO UNITE YOUNG INVESTORS, SOCIAL ENTREPRENEURS, PHILANTHROPISTS, AND ALLIES TO CATALYZE NEW LEADERSHIP AND ACCELERATE NEEDED POLITICAL, SOCIETAL, INDIGENOUS, FINANCIAL, ENVIRONMENTAL, AND EQUAL JUSTICE SOLUTIONS. FOUR GLOBAL SUMMITS WERE HELD IN 2024 SPANNING THE GLOBE. 2. TRIBE OF NOVA FOUNDATION IS A NON-PROFIT ORGANIZATION INITIATED RIGHT AFTER THE ATROCITIES ON OCTOBER 7TH, BY THE PRODUCERS OF THE SUPER NOVA FESTIVAL. NOVAS GOAL IS TO SUPPORT THE LONG-TERM RECOVERY FROM TRAUMA FOR THE 3,500 SURVIVORS AND 2,500 MEMBERS OF THE BEREAVED FAMILIES. IN 2024, NOVA PROVIDED A COMMUNITY-BASED SUPPORT SYSTEM THAT FOSTERS POST-TRAUMATIC GROWTH, REDUCES ISOLATION, ENHANCES RESILIENCE, STRENGTHENS MENTAL HEALTH, AND MITIGATES THE RISKS OF TRAUMA. IN ADDITION TO HONORING THE MEMORY OF THE LOST LOVED ONES, THE COMPREHENSIVE PROGRAM IS DESIGNED OF MANY SUB PROGRAMS ADDRESSING VARIOUS NEEDS OF OUR COMMUNITY LED BY PROFESSIONALS IN THEIR FIELD AND IN PARTNERSHIP WITH MANY SUPPORTING ORGANIZATIONS. 3. THE MENTAL WEALTH ALLIANCE (MWA) IS CHARLAMAGNE THA GODS VISION TO CLOSE THE GAP OF AWARENESS ABOUT AND ACCESS TO MENTAL HEALTH FOR THE BLACK COMMUNITY THROUGH THREE PILLARS OF IMPACT: TRAIN, TEACH, AND TREAT. THROUGH TRAINING FACILIZES (GYMS) AND AN ANNUAL MENTAL WEALTH EXPO, THE ORGANIZATION MOBILIZED RESOURCES ACROSS THE U.S. FOR BLACK AND BIPOC INDIVIDUALS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $33,176,797
Program Service Revenue $26,752
Investment Income $9,597
Other Revenue $580,434
TOTAL REVENUE $33,793,580

Expense Breakdown

Grants Paid $14,895,221
Salaries & Benefits $1,825,351
Fundraising Expenses $1,381,027
Program Expenses $27,719,148
Other Expenses $14,406,177
TOTAL EXPENSES $31,126,749

Year-over-Year Comparison

2024 2023 Change
Revenue $33,793,580 $32,490,355 +0.0%
Expenses $31,126,749 $31,721,699 0.0%
Net Income $2,666,831 $768,656 +2.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
29
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
5
$250,000
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RACHEL GERROL NEXUS EXE. D 40.00
Highest
$286,917 $0 $286,917
MARC POLLICK FOUNDER & PR 50.00
Director
$250,000 $0 $250,000
ELIZABETH HEAVENER NEXUS COO 40.00
Highest
$225,000 $0 $225,000
EBONE HOLLOWAY NEXUS DIRECT 40.00
Highest
$175,000 $0 $175,000
DAVID BRAND DIRECTOR N/A
Director
$0 $0 $0
BRADLEY DOCK DIRECTOR N/A
Director
$0 $0 $0
ABHI GOEL DIRECTOR N/A
Director
$0 $0 $0
ANDREW HAVILL DIRECTOR N/A
Director
$0 $0 $0
PRASHANTH PALAKURTHI CHAIRMAN OF 2.00
Officer
$0 $0 $0
CRAIG SZABO TREASURER 2.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $33,793,580 $31,126,749 $16,605,579 $2,666,831
2024 $33,793,581 $31,126,749 $16,793,819 $2,666,832
2024 $33,793,580 $31,126,749 $16,605,579 $2,666,831
2023 $32,490,355 $31,721,699 $14,330,975 $768,656
2023 $31,576,186 $31,136,508 $14,333,472 $439,678
2022 $28,252,124 $25,614,200 $13,827,776 $2,637,924
2021 $16,121,591 $19,085,296 $11,107,964 $-2,963,705
2021 $16,121,591 $19,135,296 $11,057,964 $-3,013,705
2020 $18,658,534 $14,917,939 $13,161,357 $3,740,595
2019 $11,216,985 $11,096,335 $9,301,908 $120,650
2018 $12,202,521 $10,463,470 $9,014,468 $1,739,051
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