Transparency isn’t a feature. It’s the contract.
Every dollar moved through Xerish belongs to a story you can audit — the Joseph Principle giving record, the Storehouse balance sheet, the F.I.G.S. recipient list, and the operating-cost methodology, published with the math shown.
Live figures begin after our first quarter close. Until then, here is exactly what we will report and how each number is computed — no placeholder zeros, no fabricated totals.
20% of our profit is committed to Kingdom causes. Here is every dollar of it.
The Joseph Principle is a covenant written into our charter: 20% of Xerish SPC net profit, every quarter, to Xerish Storehouse for redistribution. This is the running record — committed, distributed, and where it went.
The first quarterly distribution has not happened yet. Xerish reserves 20% of SPC net profit each quarter and gives it through Xerish Storehouse to Kingdom causes.
When the first quarter closes, the committed total, every recipient, and the impact reports will appear here — with no rounding and no fabricated numbers.
What this page will report.
These are the figures this page carries. Each shows what it measures and how it is computed today; each fills with a live number at our first quarter close — and never shows a hollow zero before then.
Total contributions held
The running balance of dollars contributed to donor-advised accounts and held by Xerish Storehouse, awaiting a grant recommendation. Reported as the held balance at each quarter close.
Held balance · reported at quarter closeGrants dispatched to recipients
Lifetime dollars granted from the Storehouse to recipient organizations. Each grant moves over Stripe Connect rails and is reconciled against a transfer record.
Reconciled per Stripe transferRecipients named
Every organization that has received a grant — named, not aggregated. All recipients pass the F.I.G.S. review, a binary standard, never a numeric score.
Named, never aggregatedJoseph Principle committed
20% of Xerish SPC net profit, reserved to the Storehouse each quarter. Computed and reserved before any founder draw, and never clawed back once set.
Reserved before any founder drawJoseph Principle distributed
Of the committed total, the dollars already sent out to Kingdom causes — with each recipient and amount listed in the giving record on this page.
Each recipient + amount listed belowStorehouse operating fee (AUM)
The 0.5% annual fee on held donor-advised account balances that funds Storehouse operations. Reported as dollars accrued; the rate is disclosed at every contribution.
Accrues monthly · 0.5% annualFrom your wallet to the organization.
Follow your gift every step of the way — each hand-off recorded, each transfer timestamped.
You give.
Your contribution is received and held by Xerish Storehouse, the 501(c)(3) — not by the platform.
It is vetted.
The recommended organization is confirmed against the F.I.G.S.-vetted Pre-Approved Recipient List.
It is granted.
The Storehouse dispatches the grant over Stripe Connect rails — 0% platform fee on the gift itself.
It arrives.
The transfer settles to the organization, reconciled against a record you can follow end to end.
See how the money is structured on the Xerish Storehouse page.
20% of SPC net profit. Every quarter. To the Storehouse.
The net profit formula (locked)
Joseph base = Gross revenue − (Stripe payment processing fees + Infrastructure: Supabase, Vercel, Resend, Sentry + non-founder employee salaries + Legal counsel). One-time costs (incorporation, brand, etc.) are capitalized, not deducted. The founder’s own compensation is excluded from the deductions.
The 20% is reserved first. The Joseph Principle transfer is computed and reserved at quarter close before any founder draw — so it is taken from the larger, pre-founder-compensation base, and the founder is paid only from the remainder. Once computed, the 20% is irrevocable: it is never clawed back to cover a later bill, expense, or compensation. A zero or negative quarter transfers $0 (never negative).
In scope: SPC gross revenue — service fees and voluntary Donor Advisor tips both flow into the 20% calculation. Out of scope: Storehouse-direct income — the 0.5% AUM fee and T-bill float yield — neither touches the SPC P&L, so neither is in the 20% base.
20% of net profit transfers from Xerish SPC to Xerish Storehouse quarterly. The Storehouse Board allocates the transfer to Kingdom causes per its Pre-Approved Recipient List. Recipients and dollar amounts are published in the giving record above each quarter.
Two entities, one guarantee.
Xerish runs as two legal entities on purpose — so the money is never held by the company that builds the app.
Xerish SPC — the platform
A Washington Social Purpose Corporation. Owns the technology, the billing rails, and SPC operational revenue. It builds and runs the app — but it does not hold your charitable balance.
Xerish Storehouse — the 501(c)(3)
A Washington nonprofit operating as a Donor-Advised Fund sponsor (IRS recognition pending). Holds the balances, vets recipients to the F.I.G.S. standard, and dispatches every grant. This is where your gift lives until it is granted out.
F.I.G.S. recipient vetting
Faith, Integrity, Generosity, Stewardship. A binary standard — an organization either aligns and is on the platform, or it is not. There is no numeric score, and being on Xerish is itself the verification.
Board-allocated giving
An independent Storehouse Board — not the founder alone — allocates each Joseph Principle transfer to Kingdom causes from the Pre-Approved Recipient List, under a conflict-of-interest policy on file.
How the Storehouse is governed.
How Xerish Storehouse is governed, audited, and where the ledger lives. See the full structure on the Xerish Storehouse page.
501(c)(3) status
Washington State Nonprofit Corporation operating as a Donor-Advised Fund sponsor. IRS recognition pending; operating under interim fiscal sponsorship while the determination is reviewed. The fiscal-sponsor relationship is documented in the Donor Advisory Agreement.
Board structure
Independent board with Faith, Integrity, Generosity, and Stewardship as fiduciary criteria. Conflict-of-interest policy on file. Board approves the Recipient Vetting Policy and grants blanket pre-approval to the F.I.G.S.-vetted Pre-Approved Recipient List, enabling fast disbursement without per-grant Board action.
0.5% AUM disclosure
Xerish Storehouse retains a 0.5% annual fee on held donor-advised account balances for operational costs. Industry-standard for DAF sponsors. Charged monthly against accrued yield first, then principal. Disclosed at first contribution and in the Donor Advisory Agreement.
Audit cadence
Annual independent financial audit beginning in the first full operating year. Quarterly Joseph Principle reconciliation published on this page. Form 990 filed annually with the IRS; the public copy is linked here within ten business days of filing.
Where the ledger lives
The Storehouse balance-sheet snapshots above update each quarter. Underlying contribution and grant records are kept on the Xerish platform, exported to the auditor, and retained per the Document Retention Policy. You can see your own account history any time in Treasury → Year-end Statement.
Tax receipts
Issued by Xerish Storehouse at the time of each contribution. The receipt amount equals the deductible portion of the gift — the SPC service fee and Stripe processing are itemized separately and are not part of the deductible total.
Why churches and organizations pay nothing.
How the Storehouse and SPC are funded — with the structure shown.
Storehouse operating funding
Funded by (a) a 0.5% annual fee on donor-advised account balances, (b) yield earned on cash-equivalent investments (default: short-duration U.S. Treasury bills), and (c) the quarterly Joseph Principle transfer from Xerish SPC (20% of SPC net profit).
SPC service fee
A small per-contribution service fee paid at the time of contribution covers SPC engineering, infrastructure, and support. Disclosed at checkout; included in the gross charge but separate from the deductible portion of the gift.
Churches and recipient organizations
Zero subscription fees. Zero per-grant fees. Forever. This is locked in the SPC charter and the Recipient Grant Agreement.
No specific fiscal sponsor named
During the IRS recognition window for Xerish Storehouse (typically 6–9 months), the fund operates under interim fiscal sponsorship. The sponsor relationship is documented in the Donor Advisory Agreement.