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Global Foundation FY2023 filing

Tax-deductible

Glenside, PA501(c)(3)Since 2008Foundations & GrantmakersEIN 26-3492268Revenue $161K in FY2023

On file with the IRS222 Keswick Avenue, 19038-4819 · Glenside, PATax-exempt since Jun 2010Supporting organization — 509(a)(3)

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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 school.

501(c)(3) charity; gifts are tax-deductible.
55¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $110K a year · 94% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
55%
of spending
Worth a look: 55% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
237 mo
of spending, in cash
Looks good: 237.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$100K
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$161K
+114% vs prior year
Spent
$20K
To programs
55%
Net assets
$292K
By yearFY2021–FY2025
Revenue
$161K
FY2023▲ +114%
Tap a bar for its year
Revenue by fiscal year
FY2021$36K
FY2022$75K
FY2023$161K
FY2024$121K
FY2025$70K
Expenses
$20K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023$20K
FY2024$775
FY2025$221
Net assets
$292K
FY2023▲ +94%
Tap a bar for its year
Net assets by fiscal year
FY2021$81K
FY2022$150K
FY2023$292K
FY2024$412K
FY2025$481K

From the FY2023 Form 990 (year ending June 2023) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

55 cents of each dollar spent went to programs.

Program services 55% · $11K Management & general 45% · $9K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Lorenzo Hough
President
$0Pt VII · Sec A
David Poindexter
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Monika Davis
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Global Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Distributes resources to qualifying charitable and educational organizations.

Questions for Global Foundation

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Provided by the organization

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1 program · $11K · in their own filed words · FY2022
01

The foundation provides distributuions to the global leadership academy charter school. Monies provided attributable to support given for students' field trip.

$11Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $11K · 2022–2022
Global Leadership Academy Charter SchoolPA · FY2022$10,975

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$161K
Ln 12
Gifts and grantsLn 1h$171K
Money outPt IX
$20K
Ln 25
Programscol B$11K
Managementcol C$9K
Owns and owesPt X
$292K
net assets · Ln 32
Cash and savingsLn 1–2$392K
Total assetsLn 16$392K
LiabilitiesLn 26$100K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$171K
Fundraising eventsLn 1c$171K
Total revenueLn 12$161K
Assets in detailPt X, end of year
CashLn 1$392K
Cash and savings togetherLn 1–2$392K
Total assetsLn 16$392K
LiabilitiesLn 26$100K
Net assetsLn 32$292K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$253K$392K
Total assetsLn 16$253K$392K
LiabilitiesLn 26$103K$100K
Net assetsLn 32$150K$292K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$11K$11K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$3K$3K
Total functional expensesLn 25$20K$11K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $70K$221$69K$481K 990 PDF
FY2024 $121K$775$120K$412K 990 PDF
FY2023 Viewing $161K$20K$142K$292K 990 PDF
FY2022 $75K$150K 990 PDF
FY2021 $36K$81K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $161,330 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $750$170,570
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $74,605−$9,240
I-12 Total revenuePrior year $75,355$161,330
I-13 Grants and similar amounts paidPrior year $0$10,975
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,386$8,848
I-18 Total expensesPrior year $6,386$19,823
I-19 Revenue less expensesPrior year $68,969$141,507
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $161,330 across 4 lines filed
VIII-1c Fundraising events$170,570
VIII-1h Total contributions, gifts and grants$170,570
VIII-8 Net income from fundraising eventsExcluded from tax −$9,240−$9,240
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$9,240$161,330
Part IX · Statement of functional expenses $19,823 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $10,975$10,975
IX-11c Accounting feesManagement $5,800$5,800
IX-11g Other fees for servicesManagement $3,048$3,048
IX-25 Total functional expensesPrograms $10,975 · Management $8,848 · Fundraising $0$19,823
Part X · Balance sheet $391,798 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $252,998$391,798
X-16 Total assetsStart of year $252,998$391,798
X-25 Other liabilitiesStart of year $102,760$100,053
X-26 Total liabilitiesStart of year $102,760$100,053
X-27 Net assets without donor restrictionsStart of year $75,588$217,095
X-28 Net assets with donor restrictionsStart of year $74,650$74,650
X-32 Total net assets or fund balancesStart of year $150,238$291,745
X-33 Total liabilities and net assetsStart of year $252,998$391,798
Part XI · Reconciliation of net assets $291,745 net assets at year end
XI-1 Total revenue$161,330
XI-2 Total expenses$19,823
XI-3 Revenue less expenses$141,507
XI-4 Net assets at start of year$150,238
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$291,745

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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