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Nonprofiteer
← GLOCAL NET INC

Form 990 for tax year 2024

Filed by GLOCAL NET INC.

Totals

Total revenue
$1,790,970
Total expenses
$1,296,564
Contributions and grants received
$1,742,664
Grants paid
$30,000
Program service revenue
$0
Investment income
$306
Other revenue
$48,000
Total assets, end of year
$3,015,896
Total liabilities, end of year
$1,306,563
Net assets or fund balances, end of year
$1,709,333
Program services expenses (Part IX)
$1,077,350
Management and general expenses
$189,024
Fundraising expenses
$30,190
Program service expenses (Part III)
$1,077,350

Program services were 83.1% 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.

  • 1f · All other contributions, gifts and grants

    $1,742,664

  • 3 · Investment income

    total $306 · excluded $306

  • 6a · Gross rents

    real property $48,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $48,000

  • 6d · Net rental income or loss

    total $48,000 · excluded $48,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $30,000 · program services $30,000

  • 7 · Other salaries and wages

    total $474,796 · program services $445,652 · management and general $29,144

  • 9 · Other employee benefits

    total $46,294 · program services $43,053 · management and general $3,241

  • 10 · Payroll taxes

    total $26,264 · program services $24,426 · management and general $1,838

  • 11e · Fees: professional fundraising services

    total $30,190 · fundraising $30,190

  • 11g · Fees: other

    total $14,874 · program services $14,874

  • 13 · Office expenses

    total $55,921 · program services $52,171 · management and general $3,750

  • 14 · Information technology

    total $8,940 · program services $8,940

  • 16 · Occupancy

    total $187,705 · program services $94,592 · management and general $93,113

  • 17 · Travel

    total $230,573 · program services $181,238 · management and general $49,335

  • 19 · Conferences, conventions and meetings

    total $45,488 · program services $45,488

  • 22 · Depreciation, depletion and amortization

    total $2,223 · management and general $2,223

  • 23 · Insurance

    total $7,896 · program services $5,843 · management and general $2,053

  • 24a · Other expenses: Program expenses

    total $80,948 · program services $80,948

  • 24b · Other expenses: Communications

    total $31,856 · program services $31,856

  • 24c · Other expenses: Hospitality gifts

    total $15,083 · program services $12,503 · management and general $2,580

  • 24d · Other expenses: Education

    total $4,422 · program services $4,422

  • 24e · All other expenses

    total $3,091 · program services $1,344 · management and general $1,747

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $590,618 · end of year $841,630

  • 2 · Savings and temporary cash investments

    beginning of year $699,419 · end of year $770,453

  • 3 · Pledges and grants receivable

    end of year $27,650

  • 4 · Accounts receivable

    end of year $123,974

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

    $19,166

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

    $2,223

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $16,943

  • 11 · Investments: publicly traded securities

    beginning of year $1,631

  • 15 · Other assets

    beginning of year $0 · end of year $1,235,246

  • 17 · Accounts payable and accrued expenses

    end of year $54,323

  • 25 · Other liabilities

    beginning of year $36,035 · end of year $1,252,240

  • 27 · Net assets without donor restrictions

    beginning of year $1,255,633 · end of year $1,709,333

Mission and programs · 2024

Mission

GlocalNet is a family of churches that exists to mobilize church members to engage society and create flourishing communities. We build and execute models with church planting in the public square to engage cities and nations. We start churches for the world!

  • We have started over 200 churches with a goal of equipping members to use their jobs and talents to serve where God has them and not shy away from the hard places around the world.

    Expenses $1,077,350 · Grants $30,000

As filed on the 2024 return.

Listed in Part VII

  • John Jenkins

    Director

    Total calculated
    $0
    Hours/week
    1
  • Chris Layne

    Director

    Total calculated
    $0
    Hours/week
    1
  • Ken Lockard

    Director

    Total calculated
    $0
    Hours/week
    1
  • Bob Roberts Jr

    President

    Total calculated
    $94,000
    From this org
    $94,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Daniel Langford

    Chief Project Officer

    Total calculated
    $102,500
    From this org
    $102,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Joshua Tate

    Chief Communications Officer

    Total calculated
    $102,000
    From this org
    $102,000
    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

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202503159349305500

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