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Nonprofiteer
← GLOBAL FOUNDATION

Form 990 for tax year 2022

Filed by GLOBAL FOUNDATION.

Totals

Total revenue
$161,330
Total expenses
$19,823
Contributions and grants received
$170,570
Grants paid
$10,975
Program service revenue
$0
Investment income
$0
Other revenue
-$9,240
Total assets, end of year
$391,798
Total liabilities, end of year
$100,053
Net assets or fund balances, end of year
$291,745
Program services expenses (Part IX)
$10,975
Management and general expenses
$8,848
Fundraising expenses
$0
Program service expenses (Part III)
$10,975

Program services were 55.4% 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.

  • 1c · Fundraising events

    $170,570

  • 8a · Fundraising events: gross income

    $48,769

  • 8a · Fundraising events: contributions included on line 1c

    $170,570

  • 8b · Fundraising events: direct expenses

    $58,009

  • 8c · Net income from fundraising events

    total -$9,240 · excluded -$9,240

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,975 · program services $10,975

  • 11c · Fees: accounting

    total $5,800 · management and general $5,800

  • 11g · Fees: other

    total $3,048 · management and general $3,048

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $252,998 · end of year $391,798

  • 25 · Other liabilities

    beginning of year $102,760 · end of year $100,053

  • 27 · Net assets without donor restrictions

    beginning of year $75,588 · end of year $217,095

  • 28 · Net assets with donor restrictions

    beginning of year $74,650 · end of year $74,650

Mission and programs · 2022

Mission

TO PROVIDE DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE AND TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF OR TO CONDUCT CHARITABLE AND EDUCATIONAL PURPOSES OF THE GLOBAL LEADERSHIP ACADEMY CHARTER SCHOOOL.

  • THE FOUNDATION PROVIDES DISTRIBUTUIONS TO THE GLOBAL LEADERSHIP ACADEMY CHARTER SCHOOL. MONIES PROVIDED ATTRIBUTABLE TO SUPPORT GIVEN FOR STUDENTS' FIELD TRIP.

    Expenses $10,975 · Grants $10,975

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

Listed in Part VII

  • Lorenzo Hough

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David Poindexter

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael Campbell

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Monika Davis

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Chatara Benson

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Eugene Golson

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dr Naomi Johnson-Booker

    CEO

    Total calculated
    $510,653
    From this org
    $0
    From related orgs
    $370,919
    Other
    $139,734
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $370,919 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $130,190 related
    Nontaxable benefits
    $0 + $9,544 related
    Filer's total
    $0 + $510,653 related

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

None.

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

  • GLOBAL LEADERSHIP ACADEMY CHARTER SCHOOL

    $10,975

    THE FOUNDATION PROVIDES DISTRIBUTUIONS TO THE GLOBAL LEADERSHIP ACADEMY CHARTER SCHOOL. MONIES PROVIDED ATTRIBUTABLE TO SUPPORT GIVEN FOR STUDENTS' FIELD TRIP.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
27 March 2024
IRS schema version
2022v5.0
Source object
202441139349300604

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