Globalminded EIN 46-5644464 Form 990 (PDF) Claim this org

Globalminded

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Revolutionizes education by hosting a global conference showcasing best practices to innovators, educators, and legislators. For fiscal year 2024 it reported $1.1M in revenue, $960K in expenses, and $263K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Denver, CO
Website
www.globalminded.com
Filings
5 on file (2020–2024)
Revenue
$1.1MFY2024
Expenses
$960K
Net assets
$263K
People
15
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-5644464 Public charity (501(c)(3)) Denver, CO
Form 990 (PDF)
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Size
$1–10M
What they do
Revolutionizes education by hosting a global conference showcasing best practices to innovators, educators, and legislators.
Leadership
Money in and out
$1.1M revenue, $960K expenses
Bottom line
46% program efficiency
Where the money goes · FY2024
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$960K
Pt IX · Ln 25
Net assets
$263K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $168K
Where spending went · Part IX cols B–D
Program services $0.46 Management & general $0.47 Fundraising $0.08
Program efficiency
46%
of spending reaches programs▼ -6% vs prior filing year
Operating runway
3.3mo
months of highly liquid reserves at operating expense rate▲ +120% vs prior filing year
Surplus margin
+15%
revenue over expenses, this year▲ +177% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.1M
FY2024▲ +63%
Expenses
$960K
FY2024▲ +16%
Total assets
$268K
FY2024▲ +157%
Total liabilities
$5K
FY2024▼ -44%
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$960K
Pt IX · Ln 25
Net assets
$263K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$168K
Total assetsPt X · Ln 16$268K
Program-expense ratioPt IX · col B46%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 414

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGlobalminded
EINHdr · item D46-5644464
Principal addressHdr · item CDenver, CO
WebsiteHdr · item Jwww.globalminded.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99)
Ruling yearIRS BMFJul 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $438K of program spending, described in the organization's own filed words · FY2024.
01

Programs Include

1) an annual global education conference that demonstrates best practices to innovators, educators & legislators to revolutionize education; & separate student programs; 2) an annual United Nations event with the Foundation for the Support of the United Nations for college presidents and student change makers; 3) and, a first generation…

$438Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$791K · 70%
Program service revenue$337K · 30%
Contributions & grants70%$791K
Program service revenue30%$337K
Total revenueLn 12$1.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.46 Management & general $0.47 Fundraising $0.08
Program services46%$438K
Management & general47%$447K
Fundraising8%$75K
Total functional expensesLn 25$960K

Balance Sheet

Part X · end of year
CashLn 1$266K
Total assetsLn 16$268K
Total liabilitiesLn 26$5K
Total net assetsLn 32$263K
Months of cash on handcomputed3.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $266K · Operating expenses/yr $960K
3.3 months
Where the money goes
Program services
Program services $438K · Total expenses $960K
46%
Management & General
Management & general $447K · Total expenses $960K
47%
Fundraising
Fundraising $75K · Total expenses $960K
8%
Cost to raise $1
Fundraising expense (3-yr avg) $58K · Solicited contributions (3-yr avg) $416K
$0.14 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $791K · Total revenue $1.1M
70%
Government reliance
Government grants — · Total revenue $1.1M
Earned-income share
Program service revenue $337K · Total revenue $1.1M
30%
Investment reliance
Investment income $0 · Total revenue $1.1M
0%
Program self-sufficiency
Program service revenue $337K · Total expenses $960K
35%
Growth & trend
Revenue growth (YoY)
This year $1.1M · Prior year $693K
+63%
Revenue CAGR
FY2020 $356K · FY2024 $1.1M
+33%
Net-asset trend (YoY)
End of year $263K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.1M · Expenses $960K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $268K
Net-asset ratio
Net assets $263K · Total assets $268K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $268K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Carol J Carter · Reported title CEO · Highest reported compensation $0 · Total expenses $960K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $242K · Total expenses $960K
25%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 46%
Overhead ratio 47%
Fundraising cost ratio 10%
Revenue growth 63%
Legal fee ratio 0.01%
Accounting fee ratio 8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.1M revenue · viewing · ⤓ 990 PDF
FY2023$693K revenue · ⤓ 990 PDF
FY2022$550K revenue · ⤓ 990 PDF
FY2021$444K revenue · ⤓ 990 PDF
FY2020$356K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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