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Nonprofiteer
← GLOBAL CELEBRATION

Form 990 for tax year 2022

Filed by GLOBAL CELEBRATION.

Totals

Total revenue
$2,065,368
Total expenses
$2,267,993
Contributions and grants received
$1,214,352
Grants paid
$478,041
Program service revenue
$667,549
Investment income
$0
Other revenue
$183,467
Total assets, end of year
$572,952
Total liabilities, end of year
$54,333
Net assets or fund balances, end of year
$518,619
Program services expenses (Part IX)
$1,363,213
Management and general expenses
$904,780
Fundraising expenses
$0
Program service expenses (Part III)
$1,363,213

Program services were 60.1% 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

    $1,214,352

  • 2a · Program service revenue: Tuition - Ministry School

    total $304,157 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Conference Registration

    total $363,392 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $184,436

  • 10b · Cost of goods sold

    $969

  • 10c · Net income from sales of inventory

    total $183,467 · related or exempt $183,467

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $268,693 · program services $268,693

  • 3 · Grants to foreign organizations and individuals

    total $209,348 · program services $209,348

  • 5 · Compensation of officers, directors and key employees

    total $81,556 · program services $0 · management and general $81,556 · fundraising $0

  • 7 · Other salaries and wages

    total $151,431 · program services $500 · management and general $150,931 · fundraising $0

  • 9 · Other employee benefits

    total $2,364 · program services $2,364 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $51,467 · program services $0 · management and general $51,467 · fundraising $0

  • 11b · Fees: legal

    total $576 · program services $0 · management and general $576 · fundraising $0

  • 11c · Fees: accounting

    total $19,047 · program services $0 · management and general $19,047 · fundraising $0

  • 11g · Fees: other

    total $629,515 · program services $272,078 · management and general $357,437 · fundraising $0

  • 12 · Advertising and promotion

    total $336,772 · program services $200,596 · management and general $136,176 · fundraising $0

  • 13 · Office expenses

    total $140,014 · program services $50,789 · management and general $89,225 · fundraising $0

  • 14 · Information technology

    total $21,678 · program services $21,449 · management and general $229 · fundraising $0

  • 16 · Occupancy

    total $21,857 · program services $14,243 · management and general $7,614 · fundraising $0

  • 17 · Travel

    total $327,785 · program services $321,727 · management and general $6,058 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $657 · program services $0 · management and general $657 · fundraising $0

  • 23 · Insurance

    total $4,228 · program services $421 · management and general $3,807 · fundraising $0

  • 24a · Other expenses: Hospitality & Meals

    total $1,005 · program services $1,005 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $735,701 · end of year $552,025

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

    $88,152

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

    $83,969

  • 10c · Land, buildings and equipment, net

    beginning of year $4,741 · end of year $4,183

  • 14 · Intangible assets

    beginning of year $1,619 · end of year $1,516

  • 15 · Other assets

    beginning of year $15,228 · end of year $15,228

  • 17 · Accounts payable and accrued expenses

    beginning of year $731 · end of year $23,363

  • 22 · Loans and payables to officers and key people

    beginning of year $30,970 · end of year $30,970

  • 27 · Net assets without donor restrictions

    beginning of year $725,588 · end of year $518,619

Mission and programs · 2022

Mission

Global Celebration is committed to proclaiming the Gospel through missions, evangelism, and leadership training. With a strong passion for the poorest of the poor, we support orphans and at-risk children on 3 continents.

  • Global Celebration is dedicated to spreading the gospel and developing uncompromising followers of Christ, including pastors and leaders, who transform our world through the means of evangelism, revivals, seminars, schools, mission trips, and crusades. Our sponsorship and monthly financial responsibility includes: orphanages in India; shared monthly support for orphans and at-risk children in Mozambique, Thailand, Cambodia, Burma, and Nicaragua; child rescue operations in Cambodia and Burma; and the Building Leadership Center for European Gypsies in Bulgaria and shelter for Roma children at risk.

    Expenses $1,363,213 · Grants $478,041 · Revenue $2,065,368

As filed on the 2022 return.

Listed in Part VII

  • Georgian Banov

    President/Treasurer/Director

    Total calculated
    $92,449
    From this org
    $52,453
    From related orgs
    $0
    Other
    $39,996
    Hours/week
    40

  • Winnie Banov

    Vice President/Director

    Total calculated
    $34,000
    From this org
    $34,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Charles Stock

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jeff Dodge

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tom Breuner

    Director

    Total calculated
    $0
    Hours/week
    1

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
2022
Filed
15 December 2023
IRS schema version
2022v5.0
Source object
202303499349300720

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