2025-11-11T13:12:03-06:00 2024-12-31 990 2024-03-06 996327547 CHARITABLE ASSETS TRUST CHAR 4042520100 5114 BALCONES WOODS DR STE 307-29 AUSTIN TX 78759 BRADLEY ORR PRESIDENT, NCF GIVING, INC. 4042520100 2025-11-11 1 2024 2025-03-06 01:10:19Z X BRADLEY ORR 5114 BALCONES WOODS DR STE 307-299 AUSTIN TX 78759 281600129 0 X N/A X 2024 TX THE TRUST ACCEPTS GIFTS OF CASH AND PROPERTY, AND MAKES DISTRIBUTIONS TO VARIOUS CHARITIES IN FURTHERANCE OF CHRISTIAN RELIGIOUS AND CHARITABLE PURPOSES. 1 0 0 0 18655179 7461672 255578259 0 283229 18655179 274516667 50917599 0 1197191 0 0 3578000 55692790 218823877 205542621 2908159 202634462 RECEIVES CONTRIBUTIONS AND MAKES GRANTS TO TAX-EXEMPT PUBLIC CHARITIES IN FURTHERANCE OF CHRISTIAN MINISTRY. 0 0 52282228 50917599 RECEIVES CONTRIBUTIONS AND MAKES GRANTS TO TAX-EXEMPT PUBLIC CHARITIES IN FURTHERANCE OF CHRISTIAN MINISTRY. 52282228 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X NCF GIVING INC 4042520100 5114 BALCONES WOODS DR STE 307-299 AUSTIN TX 78759 X NCF GIVING INC TRUSTEE 20.00 0.00 X 0 0 0 0 0 0 0 0 0 0 KEN COLLINS 1921 TYLER RIDGE SMYRNA GA 30080 CONSULTING 154688 1 255578259 253871990 255578259 39359 39359 7327332 7083462 243870 243870 243870 UNRELATED BUSINESS INCOME 900099 18655179 18655179 18655179 274516667 0 18655179 283229 50917599 50917599 1197191 1197191 4910 4910 167438 167438 FEDERAL TAXES 2479800 2479800 STATE TAXES 925154 925154 LICENSES AND FEES 698 698 55692790 52282228 3410562 0 3604946 277620 6326 4491482 212000 0 212000 76715476 119920771 314000 0 205542621 1115405 1792754 0 2908159 X 202634462 0 202634462 0 205542621 X 218823877 -48496282 32306867 X 0 1 X 1 0 X 255578259 255578259 255578259 255578259 255578259 283229 283229 7461672 7461672 263323160 X PART II, LINE 1 THE ORGANIZATION BEGAN OPERATIONS ON 3/6/24. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 212000 212000 212000 119920771 C 119920771 X PART X, LINE 2: THE CURRENT TRUSTEE OF THE ORGANIZATION IS A SUPPORTING ORGANIZATION OF THE NATIONAL CHRISTIAN CHARITABLE FOUNDATION, INC. ("NCCF"), WHICH IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS FOR NCCF. THE ORGANIZATION IS THEREFORE ALSO INCLUDED IN THE NCCF CONSOLIDATED FINANCIAL STATEMENTS. THE FOLLOWING FOOTNOTE APPLIES TO ALL OF THOSE ENTITIES (THE "FOUNDATION") INCLUDED IN THE NCCF CONSOLIDATED FINANCIAL STATEMENTS: "INCOME TAX EXPENSE IS RECORDED FOR ACTIVITIES THAT GENERATE UNRELATED BUSINESS INCOME. THE FOUNDATION GENERATES TAXABLE INCOME THROUGH INVESTMENT TRANSACTIONS. THE FOUNDATION ACCEPTS DONATIONS OF S-CORPORATION STOCK. DURING ITS HOLDING PERIOD, THE FOUNDATION RECEIVES TAXABLE DISTRIBUTIONS. FURTHER, A TAXABLE CAPITAL GAIN MAY BE GENERATED UPON THE SALE OF THE STOCK. SIMILARLY, THE FOUNDATION RECEIVES INTEREST IN LLCS THAT GENERATE TAXABLE INCOME. INCOME TAX EXPENSE IS INCLUDED IN GENERAL AND ADMINISTRATIVE EXPENSES IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ARE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. INTEREST AND PENALTIES, IF ANY, ARE INCLUDED IN EXPENSES IN THE CONSOLIDATED STATEMENTS OF ACTIVITIES. AS OF DECEMBER 31, 2024 AND 2023, THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS." 1 NCF CHARITABLE TRUST 1901 ULMERTON RD STE 400 CLEARWATER FL 33762 204326440 509(A)(3) TYPE I 153504 0 GIVING AND GENEROSITY NATIONAL CHRISTIAN CHARITABLE FOUNDATION INC 1150 SANCTUARY PKWY STE 350 ALPHARETTA GA 30009 581493949 501(C)(3) PUBLIC CHA 48921726 0 GIVING AND GENEROSITY 2 PART I, LINE 2: THE ORGANIZATION DOES NOT MONITOR THE USE OF FUNDS GRANTED TO ORGANIZATIONS IN THE UNITED STATES SINCE IT GRANTS FUNDS TO ORGANIZATIONS HERE ONLY IF THOSE ORGANIZATIONS QUALIFY AS EXEMPT FROM FEDERAL INCOME TAX UNDER CODE SECTION 501(C)(3)AND THEREFORE, ARE BOUND TO USE SUCH FUNDS ONLY FOR RELIGIOUS, CHARITABLE, EDCATIONAL OR OTHER PURPOSES DESCRIBED IN THAT CODE SECTION. X 41 126945003 FINANCIAL STATEMENTS X 35 122900987 FMV X 1 212000 FMV X LOAN NOTE 3 3500000 COST X INSURANCE POLICY 1 314000 CSV INSURANCE POLICY 0 1 1 PART I, LINE 32B: THE ORGANIZATION WORKS WITH NUMEROUS LOCAL CHRISTIAN FOUNDATIONS LOCATED THROUGHOUT THE UNITED STATES. ALTHOUGH THIS ORGANIZATION DOES NOT CONTROL THOSE FOUNDATIONS, THE LOCAL FOUNDATIONS ENCOURAGE POTENTIAL DONORS TO CONTRIBUTE NONCASH ASSETS TO THIS ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS PREPARED AND COMPARED WITH THE AUDITED FINANCIALS. THE DRAFT IS PROVIDED TO THE OFFICERS OF THE TRUSTEE OF CHARITABLE ASSETS TRUST, WHO MAY PROVIDE FEEDBACK TO THE PREPARER. A FINAL FORM 990 - PUBLIC INSPECTION COPY IS PROVIDED TO THE BOARD OF DIRECTORS OF THE TRUSTEE OF CHARITABLE ASSETS TRUST. FINALLY, THE COMPLETE FORM IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICERS AND DIRECTORS OF TRUSTEE FOR CHARITABLE ASSETS TRUST COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT ACKNOWLEDGING RECEIPT AND REVIEW OF THE POLICY AND ADEQUATELY DISCLOSING THE NATURE OF ANY POTENTIAL CONFLICTS. IF A CONFLICT OF INTEREST IS PRESENT, AFTER THE INTERESTED PARTY PROVIDES ALL PERTINENT DETAILS REGARDING THE POTENTIAL CONFLICT, THE SUBJECT OFFICER OR DIRECTOR IS RECUSED FROM ANY FURTHER DISCUSSION, DELIBERATION OR VOTING ON THE MATTER. THE GOVERNING BODY OR A RELEVANT COMMITTEE OF TRUSTEE WILL THEN REVIEW THE POTENTIAL CONFLICT AND DETERMINE AN APPROPRIATE COURSE OF ACTION IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 CHARITABLE ASSETS TRUST DOES NOT DIRECTLY COMPENSATE ANY EMPLOYEE AT THIS TIME. FORM 990, PART VI, SECTION C, LINE 19 THE CURRENT TRUSTEE OF THE ORGANIZATION IS A SUPPORTING ORGANIZATION OF THE NATIONAL CHRISTIAN CHARITABLE FOUNDATION, INC. ("NCCF"), WHICH IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS FOR NCCF. THE ORGANIZATION IS THEREFORE ALSO INCLUDED IN THE NCCF CONSOLIDATED FINANCIAL STATEMENTS, WHICH ARE AVAILABLE ON NCCF'S WEBSITE AND UPON REQUEST. CHARTIABLE ASSETS TRUST FORMS 1023 AND 990 ARE AVAILABLE ONLY UPON REQUEST. THE DECLARATION OF TRUST OF CHARITABLE ASSETS TRUST AND OTHER SIGNIFICANT OPERATIONAL POLICIES, SUCH AS CONFLICTS OF INTEREST, ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: SHAREHOLDER DISTRIBUTIONS 50,920,427. INTERNAL TRANSFERS 41,619. UNRELATED BUSINESS INCOME -18,655,179. NCF GIVING INC 5114 BALCONES WOODS DRIVE SUITE 307 AUSTIN TX 787590000 991645995 CHARITABLE TRUSTEESHIP TX 501(C)(3) LINE 12A, I N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0