Totals
- Total revenue
- $182,470
- Total expenses
- $166,096
- Contributions and grants received
- $147,421
- Grants paid
- $0
- Program service revenue
- $2,181
- Membership dues (line 3)
- $0
- Investment income (line 4)
- $0
- Gain or loss on sale of assets (line 5c)
- $0
- Gaming and fundraising events, net (line 6d)
- $0
- Gross profit on inventory sales (line 7c)
- $607
- Other revenue (line 8)
- $32,261
- Total assets, end of year
- $285,143
- Total liabilities, end of year
- $285,143
- Net assets or fund balances, end of year
- $0
- Program service expenses (Part III)
- $80,985
Program services were 48.8% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.
Mission and programs · 2024
Primary exempt purpose
Global Lounge Incorporated is committed to thoughtful cultural preservation, education and the promotion of cultural awareness for individual and community development.
-
Salsa Under the Stars is a one-night event with a DJ and space for salsa dancing. It is a popular event in our area which brings in approximately 400 attendees
Expenses $2,280
-
The World Village Festival is a two-day event that hosts numerous performing groups and information booths representing Idaho's variety of cultures. This Dance, Music, Storytelling, Poetry, Film and Food event showcases our community's blend of cultural arts. Approximately 5,000 people attend this event.
Expenses $75,880 · Grants $38,549
-
The Global Lounge Music Studio provides recording equipment and cloud service for new artists to utilize. Marimbas were also ordered for classes to be held. Approximately 100 artists and students have been served.
Expenses $2,825 · Grants $3,000
As filed on the 2024 return.
Listed in Part IV
-
Wayne Rancourt
Director, Presidentt
- Total calculated
- $0
- Hours/week
- 20
-
Sage Agbonkese
Director, Vice President
- Total calculated
- $0
- Hours/week
- 10
-
Maya Durotovic
Director
- Total calculated
- $0
- Hours/week
- 5
-
Bonnie M Pfaff
Director, Treasurer
- Total calculated
- $0
- Hours/week
- 20
-
Dayo Ayodele
Artistic Director
- Total calculated
- $0
- Hours/week
- 30
-
Donna Kovaleski
Executive Director
- Total calculated
- $0
- Hours/week
- 20
Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990_ez
- Tax year
- 2024
- Filed
- 11 April 2025
- IRS schema version
- 2024v5.0
- Source object
- 202541019349201404
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