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Nonprofiteer
← GLOBAL LINK INTERNATIONAL

Form 990 for tax year 2022

Filed by GLOBAL LINK INTERNATIONAL.

Totals

Total revenue
$540,270
Total expenses
$540,270
Contributions and grants received
$405,918
Grants paid
$100,000
Program service revenue
$0
Investment income
$134,352
Other revenue
$0
Total assets, end of year
$9,880,697
Total liabilities, end of year
$9,880,697
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$346,163
Management and general expenses
$194,107
Fundraising expenses
$0
Program service expenses (Part III)
$346,163

Program services were 64.1% 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.

  • 1e · Government grants (contributions)

    $405,918

  • 3 · Investment income

    total $134,352 · related or exempt $134,352

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100,000 · program services $100,000

  • 5 · Compensation of officers, directors and key employees

    total $229,167 · program services $114,584 · management and general $114,583

  • 7 · Other salaries and wages

    total $12,500 · program services $6,250 · management and general $6,250

  • 9 · Other employee benefits

    total $3,095 · program services $1,547 · management and general $1,548

  • 10 · Payroll taxes

    total $16,776 · program services $8,388 · management and general $8,388

  • 11b · Fees: legal

    total $41,037 · program services $4,104 · management and general $36,933

  • 12 · Advertising and promotion

    total $3,180 · program services $1,590 · management and general $1,590

  • 13 · Office expenses

    total $38,000 · program services $19,000 · management and general $19,000

  • 14 · Information technology

    total $12,349 · program services $11,114 · management and general $1,235

  • 17 · Travel

    total $22,668 · program services $22,668

  • 19 · Conferences, conventions and meetings

    total $15,726 · program services $15,726

  • 20 · Interest

    total $134 · management and general $134

  • 23 · Insurance

    total $2,587 · management and general $2,587

  • 24a · Other expenses: PROGRAM EXPENSE

    total $40,800 · program services $40,800

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $1,411 · management and general $1,411

  • 24c · Other expenses: STORAGE EXPENSE

    total $785 · program services $392 · management and general $393

  • 24d · Other expenses: BANK CHARGES

    total $55 · management and general $55

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $246,133

  • 2 · Savings and temporary cash investments

    end of year $990,212

  • 9 · Prepaid expenses and deferred charges

    end of year $10,000

  • 12 · Investments: other securities

    end of year $8,634,352

  • 17 · Accounts payable and accrued expenses

    end of year $286,403

  • 19 · Deferred revenue

    end of year $9,594,294

Mission and programs · 2022

Mission

GLOBAL LINK INTERNATIONAL'S MISSION IS TO ACCELERATE BUSINESS DEVELOPMENT IN MICHIGAN BY ATTRACTING TOP INTERNATIONAL ENTREPRENEURS TO ESTABLISH THEIR BUSINESSES OR CO-LOCATE IN MICHIGAN. GLOBAL LINK INTERNATIONAL WILL DIRECT ITS ATTENTION TO ACTIVITIES IN THE NICHE AREA OF NEXT-GENERATION TECHNOLOGY-FOCUSED INDUSTRIES, INCLUDING MEDICAL SERVICES AND EQUIPMENT, AGRICULTURAL, ENGINEERING, DESIGN, AND DEVELOPMENT.

  • IN THIS REPORTING PERIOD GLOBAL LINK INTERNATIONAL LAUNCHED AND IS FOCUSING ITS ACTIVITIES ON ESTABLISHMENT AND DEVELOPING ITS PROGRAMS. ADDITIONAL BACKGROUND: GLOBAL LINK INTERNATIONAL RECEIVED GRANT FUNDING THIS PERIOD FROM THE MICHIGAN ECONOMIC DEVELOPMENT CORPORATION (MEDC) RELATED TO A STATE OF MICHIGAN LEGISLATURE APPROPRIATION. THE MEDC GRANT TERMS ESTABLISH CERTAIN CONDITIONS FOR THE DISBURSEMENT AND USE OF THE FUNDS. PER SECTION I OF THE GRANT AGREEMENT, GLOBAL LINK IS OBLIGATED TO SPEND THE GRANT FUNDS FOR THE PURPOSE OF ESTABLISHING AND PROVIDING OPERATIONAL SUPPORT TOWARD BUSINESS ACCELERATION PROGRAMMATIC SERVICES. PER SECTION III OF THE GRANT AGREEMENT, GLOBAL LINK IS OBLIGATED TO SPEND THE GRANT FUNDS CONSISTENT WITH THE BUDGET PROVIDED FOR IN EXHIBIT A OVER THE GRANT TERM. THE INCOME AND EXPENSES REPORTED HERE ARE CONSISTENT WITH THE GRANT TERMS.

    Expenses $346,163 · Grants $100,000 · Revenue $346,163

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • FAY BEYDOUN

    PRESIDENT AN

    Total calculated
    $229,167
    From this org
    $229,167
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,167
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $229,167

  • MOHAMED ABBASS

    DIRECTOR/OFF

    Total calculated
    $0

  • YEVGENIY EPSHTEYN

    DIRECTOR/OFF

    Total calculated
    $0

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
3 March 2025
IRS schema version
2022v5.0
Source object
202540649349300739

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