Global Education Center
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$455,000.00
Projected Expenses
$452,000.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| global education center irs ltr | 1997 |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $450,094.00 | $338,643.00 | $338,643.00 |
| Total Expenses | $446,892.00 | $332,645.00 | $332,645.00 |
| Revenue Less Expenses | $3,202.00 | $5,998.00 | $5,998.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $37,050.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $0.00 | $216,884.00 |
| Contributions, Gifts, and Grants | $322,970.00 | $243,722.00 | $63,888.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $127,124.00 | $0.00 | $53,121.00 |
| Investment Income, Net of Losses | $0.00 | $0.00 | $0.00 |
| Membership Dues | $0.00 | $0.00 | $4,750.00 |
| Special Events | $0.00 | $0.00 | $0.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $406,726.00 | $293,006.00 | $293,006.00 |
| Administration Expense | $31,889.00 | $32,484.00 | $32,484.00 |
| Fundraising Expense | $8,277.00 | $7,155.00 | $7,155.00 |
| Total Revenue/Total Expenses | 101% | 102% | 102% |
| Program Expense/Total Expenses | 91% | 88% | 88% |
| Fundraising Expense/Contributed Revenue | 2% | 2% | 2% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $322,970.00 | Contributions, Gifts, Grants $243,722.00 | Government Grants $216,884.00 |
| Second Highest Funding Source & Dollar Amount | Program Revenue $127,124.00 | Federal Government Grants $37,050.00 | Contributions, Gifts, and Grants $63,888.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | $0.00 | Program Revenue $53,121.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $324,217.00 | $319,121.00 | $319,121.00 |
| Current Assets | $54,780.00 | $30,154.00 | $30,154.00 |
| Long-Term Liabilities | $60,643.00 | $76,569.00 | $76,569.00 |
| Current Liabilities | $48,546.00 | $30,726.00 | $30,726.00 |
| Total Net Assets | $215,028.00 | $211,826.00 | $211,826.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
December
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| We kept our budget flat for the current fiscal year because of loss of income and being closed for 18 months due to the COVID-19 pandemic. |
Foundation Staff Comments
| Financials taken from the audit. 990 was prepared internally by the nonprofit. Audit conducted by Miller, CPA, PLLC. Comments provided by Hayley Sulfridge 12/20/23. |
