PLATINUM2023

TISBEST PHILANTHROPY

A better gift. A better world.

Seattle, WA   |  www.tisbest.org
GuideStar Charity Check

TISBEST PHILANTHROPY

EIN: 20-8630809


Mission

TisBest's mission is to foster the growth of charitable gift-giving. Our desire is to replace gifts of "stuff" with gifts of "good" and to connect businesses and individuals to important philanthropic causes.

Ruling year info

2008

Managing Director

Simeon Cathey

Main address

5950 6th Ave S Suite 111

Seattle, WA 98108 USA

Show more contact info

EIN

20-8630809

Subject area info

Philanthropy

Gift distribution

Population served info

Adults

NTEE code info

Philanthropy / Charity / Voluntarism Promotion (General) (T50)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Blog

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

TisBest Charity Gift Cards

TisBest Charity Gift Cards are outstanding alternatives to gifts of "stuff." The recipient "spends" the card by choosing their favorite cause or charity to receive the money on the card.

Population(s) Served
Adults

DiscoverGiving is an educational program designed to introduce elementary students to the world of giving, philanthropy, non-profits and volunteerism.

Population(s) Served
Adults

ExpoGiving replaces the gimmicky swag at trade shows with the opportunity to choose a cause or charity to receive a corporate donation. Sponsoring businesses (exhibitors) make a single charitable donation, then expo booth visitors select their favorite cause to receive a portion ($5, $10, $25, $50 or whatever) of that larger donation. Booth visitors are thrilled to be a part of making the world a better place. Exhibiting companies enhance their brands through the TisBest ExpoGiving program.

Population(s) Served
Adults

Unlike traditional promotional swag, TisBest Charity Gift Cards allow you to connect with your clients and employees in a meaningful way while promoting your brand and culture. They keep your brand, and your commitment to social responsibility, top of mind throughout the redemption experience.

Population(s) Served
Adults
Adults

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of donor-advised funds

This metric is no longer tracked.
Totals By Year
Related Program

TisBest Charity Gift Cards

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

TisBest has both "hard" and "soft" goals. Soft goals are those that are difficult to measure, but rather are an indication of program success. For example, one of TisBest's most important goals is to so build the TisBest Charity Gift Card over he next 25 years such that it becomes a regular, normal, first-choice gift option for a significant portion of the population of the U.S. "Hard" goals are very measurable, and the nature of the TisBest program enables us to precisely measure our ability to divert cash from gifts of "stuff" to gifts of "good" (in this case, donations to other charities). By 2020 our goal is to sell $25 million worth (per year) of TisBest Charity Gift Cards to businesses and individuals. That will convert to $22 million in donations to charities that would otherwise have purchased gifts destined for the landfill.

On the DiscoverGiving front, TisBest's classroom philanthropy program, our goal is to have the DiscoverGiving curriculum presented in 25,000 classrooms by 2023, 10 years following program launch, thereby introducing approximately 625,000 students to the joy of giving.

TisBest will continue to use multiple strategies as we pursue businesses and individuals. We will continue to communicate to businesses of all sizes that the charity gift card is a superior gift compared with any alternative. We will continue to implement public relations, direct marketing, online marketing, pay per click advertising and social media to inform businesses and individuals about charity gift cards as well as new products we develop. Word of mouth plays an important role in the world of charity gift cards, and we anticipate the same will be true for DiscoverGiving, TisBest's classroom philanthropy offering. To that end a well organized, easy to browse and highly informative website is a must.

The creative minds at TisBest work diligently to develop the most customer-friendly website from which to purchase charity gift cards. We know our customers (both business and consumer) look for a meaningful alternative to gifts of "stuff", yet they also look for convenience and ease of use. TisBest has a highly capable in-house staff that includes a graphic designer, web developer and project manager, in addition to writers and content developers. The TisBest team has decades of experience in a variety of business and nonprofit settings. In addition, TisBest's founder remains and active volunteer and is fully engaged in TisBest's success. An active board drawn from the business community has proven to have valuable contacts and has introduced a number of customers to TisBest Charity Gift Cards.

The business sector has provided a number of lessons as we continue to enhance our offerings. We have discovered that TisBest Charity Gift Cards make spectacular gifts of appreciation, year-end gifts, gifts for the holiday, etc. We have also found that they do not work well as incentives, especially if the recipient is not well known to the giver (as in the case of cold call marketing). As a result, TisBest is in a position to better advise companies how they can achieve some of their corporate social responsibility (CSR) goals using TisBest cards. We can also advise them how they should not attempt to use our cards, based on experience gained over the past several years. \r\nWe have seen our cards used in new and exciting ways in the last year. A number of clients have replaced trade show freebies with a charitable experience (we call this offering ExpoGiving) using TisBest codes. This diverts cash otherwise used for worthless give-aways to charitable donations for worthwhile causes. \r\nOther business clients have used our cards as "thank-you" devices to reward changes in behavior. For example, some banks and credit unions now reward their customers who switch from paper statements to online statements with a modest TisBest Charity Gift Card. \r\nEach of these new uses for TisBest cards and codes indicated greater reception to a new idea and greater traction in the marketplace.

Financials

TISBEST PHILANTHROPY
Fiscal year: Jul 01 - Jun 30
Financial documents
2021 Tisbest Philanthrophy 2012 Final Audited Report 2012
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023 info

SOURCE: IRS Form 990

1.34

Average of 0.99 over 10 years

Months of cash in 2023 info

SOURCE: IRS Form 990

1.1

Average of 1.3 over 10 years

Fringe rate in 2023 info

SOURCE: IRS Form 990

12%

Average of 14% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

TISBEST PHILANTHROPY

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

TISBEST PHILANTHROPY

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

TISBEST PHILANTHROPY

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of TISBEST PHILANTHROPY’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2019 2020 2021 2022 2023
Unrestricted surplus (deficit) before depreciation -$149,110 -$233,424 $178,240 $198,437 -$97,271
As % of expenses -4.2% -5.8% 1.7% 1.4% -1.0%
Unrestricted surplus (deficit) after depreciation -$151,314 -$246,886 $178,240 $198,437 -$97,271
As % of expenses -4.2% -6.2% 1.7% 1.4% -1.0%
Revenue composition info
Total revenue (unrestricted & restricted) $3,425,817 $3,767,399 $11,028,187 $14,459,218 $9,661,113
Total revenue, % change over prior year -56.3% 10.0% 192.7% 31.1% -33.2%
Program services revenue 0.0% 0.0% 0.4% 0.4% 0.4%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.2% 0.2% 0.0% 0.0% 0.1%
Government grants 0.0% 0.0% 0.6% 0.0% 0.0%
All other grants and contributions 99.8% 99.8% 99.0% 99.6% 99.5%
Other revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $3,574,927 $4,000,823 $10,734,354 $14,260,781 $10,160,183
Total expenses, % change over prior year -52.1% 11.9% 168.3% 32.9% -28.8%
Personnel 11.1% 7.6% 3.9% 4.2% 7.3%
Professional fees 0.7% 2.2% 1.4% 2.4% 3.0%
Occupancy 1.1% 1.0% 0.3% 0.3% 0.4%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 67.2% 75.8% 86.0% 67.3% 79.5%
All other expenses 19.9% 13.5% 8.4% 25.8% 9.8%
Full cost components (estimated) info 2019 2020 2021 2022 2023
Total expenses (after depreciation) $3,577,131 $4,014,285 $10,734,354 $14,260,781 $10,160,183
One month of savings $297,911 $333,402 $894,530 $1,188,398 $846,682
Debt principal payment $0 $0 $0 $0 $5,885
Fixed asset additions $15,666 $0 $0 $0 $0
Total full costs (estimated) $3,890,708 $4,347,687 $11,628,884 $15,449,179 $11,012,750

Capital structure indicators

Liquidity info 2019 2020 2021 2022 2023
Months of cash 1.9 1.7 1.2 0.8 1.1
Months of cash and investments 1.9 1.7 1.2 0.8 1.1
Months of estimated liquid unrestricted net assets 0.7 -0.1 0.2 0.3 0.3
Balance sheet composition info 2019 2020 2021 2022 2023
Cash $575,888 $580,072 $1,116,515 $951,576 $973,130
Investments $0 $0 $0 $0 $0
Receivables $25,603 $5,000 $15,409 $552,893 $3,003
Gross land, buildings, equipment (LBE) $15,666 $15,666 $0 $0 $0
Accumulated depreciation (as a % of LBE) 14.1% 100.0% 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 65.3% 103.6% 86.7% 78.6% 62.8%
Unrestricted net assets $224,312 -$22,574 $155,666 $354,103 $256,832
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $172,756
Total net assets $224,312 -$22,574 $155,666 $354,103 $429,588

Key data checks

Key data checks info 2019 2020 2021 2022 2023
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Managing Director

Simeon Cathey

As one of the original founders of TisBest and with over two decades of technology design experience, Simeon brings his passion of giving and technology for good to TisBest as Managing Director. After living in the Seattle area for 12 years, he's relocated to Maui, Hawaii, where he enjoys sailing, surfing, and scuba diving.

Number of employees

Source: IRS Form 990

TISBEST PHILANTHROPY

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

TISBEST PHILANTHROPY

Board of directors
as of 06/28/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

James Phillips

Richard Gold

R.N. Gold & Assoc.

James Phillips

Berschauer-Phillips Construction Co.

Kendall Webb

Peter Lindburg

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? No
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? No
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 5/24/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
Decline to state
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data

Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.