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Nonprofiteer
← GLOBAL TRUST PARTNERS

Form 990 for tax year 2023

Filed by GLOBAL TRUST PARTNERS.

Totals

Total revenue
$1,870,635
Total expenses
$882,521
Contributions and grants received
$1,832,327
Grants paid
$0
Program service revenue
$0
Investment income
$38,308
Other revenue
$0
Total assets, end of year
$2,426,699
Total liabilities, end of year
$1,142,481
Net assets or fund balances, end of year
$1,284,218
Program services expenses (Part IX)
$684,813
Management and general expenses
$134,598
Fundraising expenses
$63,110
Program service expenses (Part III)
$684,813

Program services were 77.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,832,327

  • 3 · Investment income

    total $38,308 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $99,906 · program services $64,905 · management and general $20,023 · fundraising $14,978

  • 10 · Payroll taxes

    total $7,251 · program services $4,713 · management and general $1,450 · fundraising $1,088

  • 11a · Fees: management

    total $356,868 · program services $247,756 · management and general $79,110 · fundraising $30,002

  • 11b · Fees: legal

    total $2,090 · program services $0 · management and general $2,090 · fundraising $0

  • 11c · Fees: accounting

    total $18,365 · program services $0 · management and general $15,425 · fundraising $2,940

  • 13 · Office expenses

    total $29,158 · program services $19,710 · management and general $2,872 · fundraising $6,576

  • 14 · Information technology

    total $23,111 · program services $13,093 · management and general $9,664 · fundraising $354

  • 17 · Travel

    total $151,196 · program services $144,043 · management and general $10 · fundraising $7,143

  • 19 · Conferences, conventions and meetings

    total $169,316 · program services $169,316 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $9,277 · program services $9,277 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $3,954 · program services $0 · management and general $3,954 · fundraising $0

  • 24a · Other expenses: Gifts & Hospitality

    total $12,029 · program services $12,000 · management and general $0 · fundraising $29

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $39,126 · end of year $1,092

  • 2 · Savings and temporary cash investments

    beginning of year $167,357 · end of year $1,565,120

  • 3 · Pledges and grants receivable

    beginning of year $70,000

  • 9 · Prepaid expenses and deferred charges

    end of year $22,847

  • 10a · Land, buildings and equipment: cost or other basis

    $55,091

  • 10b · Land, buildings and equipment: accumulated depreciation

    $31,620

  • 10c · Land, buildings and equipment, net

    beginning of year $21,518 · end of year $23,471

  • 13 · Investments: program-related

    beginning of year $10,603 · end of year $814,169

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,500 · end of year $17,481

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,125,000

  • 27 · Net assets without donor restrictions

    beginning of year $262,804 · end of year $403,031

  • 28 · Net assets with donor restrictions

    beginning of year $33,300 · end of year $881,187

Mission and programs · 2023

Mission

The mission of Global Trust Partners is empowering national workers and building trust in churches and ministries to grow local generous giving to Gods work.

  • We have accomplished our mission of building a global network of Christ- Centered stewards through our multiplication strategy of training and equipping faithful stewards via our online and face to face training and teaching which are supplemented by our adaptable digital and print resources. The four ways we carry out this program service are categorized as teaching, training, teamwork and toolbox.

    Expenses $684,813 · Revenue $1,832,327

As filed on the 2023 return.

Listed in Part VII

  • Kareen Gudiel

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Kehinde Ojo

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Manju George

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Jaime Schell

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Valetine Gitoho

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Gina Detera

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Comlan Prosper Deh

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Michael Cherenkov

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Randy Kung

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Timothy Macready

    Treasurer

    Total calculated
    $0
    Hours/week
    1
  • Sanjay Patra

    Vice Chairperson

    Total calculated
    $0
    Hours/week
    1
  • Zenet Maramara

    Chairperson

    Total calculated
    $0
    Hours/week
    1
  • Gary Hoag

    President & CEO

    Total calculated
    $94,791
    From this org
    $94,791
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
30 September 2024
IRS schema version
2023v5.1
Source object
202423199349301812

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