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Nonprofiteer
← GLOBAL INITIATIVES INC

Form 990 for tax year 2023

Filed by GLOBAL INITIATIVES INC.

Totals

Total revenue
$6,697
Total expenses
$66,018
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$36
Other revenue
$6,661
Total assets, end of year
$29,502
Total liabilities, end of year
$221
Net assets or fund balances, end of year
$29,281
Program services expenses (Part IX)
$0
Management and general expenses
$66,018
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 3 · Investment income

    total $36 · excluded $36

  • 11a · Other revenue: REIMBURSEMENTS

    total $6,645 · excluded $6,645

  • 11b · Other revenue: OTHER REVENUE

    total $16 · excluded $16

  • 11e · Other revenue, total

    $6,661

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $16,100 · management and general $16,100

  • 11g · Fees: other

    total $2,158 · management and general $2,158

  • 17 · Travel

    total $247 · management and general $247

  • 21 · Payments to affiliates

    total $30,000 · management and general $30,000

  • 24a · Other expenses: UTILITIES

    total $4,997 · management and general $4,997

  • 24b · Other expenses: SUPPLIES

    total $4,310 · management and general $4,310

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $3,582 · management and general $3,582

  • 24d · Other expenses: TELEPHONE

    total $2,241 · management and general $2,241

  • 24e · All other expenses

    total $2,383 · management and general $2,383

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $90,466 · end of year $29,502

  • 25 · Other liabilities

    beginning of year $1,864 · end of year $221

  • 27 · Net assets without donor restrictions

    beginning of year $88,602 · end of year $29,281

Mission and programs · 2023

Mission

THE ORGANIZATION'S MISSION IS TO DEVELOP GLOBAL EDUCATIONAL PROGRAMS FOR ELEMENTARY & HIGH SCHOOL STUDENTS, AND ADULTS AROUND THE WORLD.

  • GLOBAL INITITATIVES, INC., DEVELOPED A CURRICULUM, PASSPORT TO BUSINESS, THAT HAS BEEN TRANSLATED INTO SEVERAL LANGUAGES INCLUDING RUSSIAN. CURRENTLY IT HAS BEEN MODIFIED FOR USE AS AN ON-LINE PROGRAM IN AFRICA. USERS, INCLUDING RURAL WOMEN, ARE BASED IN KENYA, NIGERIA, UGANDA AND GHANA.

  • THE GLOBAL TRAVEL AND TOURISM PARTNERSHIP (GTTP) EXPOSES STUDENTS TO CAREER OPPORTUNITIES IN THE TRAVEL & TOURISM INDUSTRY. FROM 1996 TO 2019, GTTP OPERATIONS WERE THE RESPONSIBILITY OF GLOBAL INITIATIVES, INC. AS OF JANUARY 2020, THE GTTP IS NOW OPERATED INDEPENDENT OF GLOBAL INITIATIVES, INC. BY THE GTTP ADVISORY BOARD AND THE EXECUTIVE DIRECTOR IN THE UNITED KINGDOM. GLOBAL INITIATIVES, INC. IS PROVIDING TRANSITIONAL SERVICES.

As filed on the 2023 return.

Listed in Part VII

  • Simon Barker-Benfield

    CFO

    Total calculated
    $0

  • Edward Boyer

    DIRECTOR

    Total calculated
    $0

  • Priscilla Costello

    SECRETARY

    Total calculated
    $0

  • Cameron Dubes

    DIRECTOR

    Total calculated
    $0

  • Nancy Needham

    PRESIDENT

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
1 May 2024
IRS schema version
2023v5.0
Source object
202401349349304880

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