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Globalminded

Tax-deductible

Denver, CO501(c)(3)Education EIN 46-5644464Revenue $1.1M in FY2024

On file with the IRSglobalminded.com1530 N High St, 80218-1705 · Denver, COTax-exempt since Jul 2014Publicly supported — 509(a)(2)

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The establishment of a global education conference which demonstrates best practices to innovators, educators and legislators to revolutionize education.

501(c)(3) charity; gifts are tax-deductible.
46¢ of each $1 spent went to programs.
Run by 15 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $74K a year · 12% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
46%
of spending
Concern: 46% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $95K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$5K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 15 voting members
Looks good: 14 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+63% vs prior year
Spent
$960K
To programs
46%
Net assets
$263K
By yearFY2020–FY2024
Revenue
$1.1M
FY2024▲ +63%
Tap a bar for its year
Revenue by fiscal year
FY2020$356K
FY2021$444K
FY2022$550K
FY2023$693K
FY2024$1.1M
Expenses
$960K
FY2024▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$252K
FY2021$222K
FY2022$542K
FY2023$827K
FY2024$960K
Net assets
$263K
FY2024▲ +178%
Tap a bar for its year
Net assets by fiscal year
FY2020−$1K
FY2021$221K
FY2022$229K
FY2023$95K
FY2024$263K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2014.

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

Where the money goes

46 cents of each dollar spent went to programs.

Program services 46% · $438K Management & general 47% · $447K Fundraising 8% · $75K

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

15 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Terill Glass
Director
$0Pt VII · Sec A
Tim Shephard
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Globalminded 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

Revolutionizes education by hosting a global conference showcasing best practices to innovators, educators, and legislators.

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Provided by the organization

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1 program · $438K · in their 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

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
William Edwin Hall Foundation INCFY2024$25K
AARPFY2024$15K
American Online Giving Foundation INCFY2024$11K
The Colorado Health FoundationFY2024$10K
The US Charitable Gift TrustFY2024$10K
The San Francisco FoundationFY2024$10K
Tulsa Community FoundationFY2024$7K
Donor Advised Charitable Giving INCFY2024$6K
Total grants receivedfrom 8 funders$95K
See all 8 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$791K
Fees for servicesLn 2g$337K
Money outPt IX
$960K
Ln 25
Programscol B$438K
Managementcol C$447K
Fundraisingcol D$75K
Owns and owesPt X
$263K
net assets · Ln 32
Cash and savingsLn 1–2$266K
Total assetsLn 16$268K
LiabilitiesLn 26$5K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$791K
Fees for servicesLn 2g$337K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$266K
Cash and savings togetherLn 1–2$266K
Total assetsLn 16$268K
LiabilitiesLn 26$5K
Net assetsLn 32$263K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$104K$266K
Total assetsLn 16$104K$268K
LiabilitiesLn 26$10K$5K
Net assetsLn 32$95K$263K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$242K$242K
Legal feesLn 11b$134$134
Accounting feesLn 11c$76K$76K
Other fees for servicesLn 11g$135K$75K$60K
Advertising and promotionLn 12$28K$28K
Office expensesLn 13$22K$22K
OccupancyLn 16$45K$45K
TravelLn 17$21K$8K$13K
Conferences, conventions and meetingsLn 19$371K$337K$34K
InterestLn 20$1K$1K
InsuranceLn 23$405$405
Other expenses (24a–d)Ln 24$18K$18K
Total functional expensesLn 25$960K$438K$447K$75K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.1M$960K$168K$263K 990 PDF
FY2023 $693K$827K−$134K$95K 990 PDF
FY2022 $550K$542K$8K$229K 990 PDF
FY2021 $444K$222K$222K$221K 990 PDF
FY2020 $356K$252K$104K−$1K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,128,040 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $426,323$791,458
I-9 Program service revenuePrior year $267,120$336,582
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $693,443$1,128,040
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $192,060$242,246
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $635,425$717,722
I-18 Total expensesPrior year $827,485$959,968
I-19 Revenue less expensesPrior year −$134,042$168,072
Part VI · Governance 14 of 15 board members independent, 3 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members14
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $1,128,040 across 5 lines filed
VIII-1f All other contributions, gifts and grants$791,458
VIII-1h Total contributions, gifts and grants$791,458
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $336,582$336,582
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $336,582 · Unrelated business $0 · Excluded from tax $0$1,128,040
Part IX · Statement of functional expenses $959,968 across 12 lines filed
IX-7 Other salaries and wagesManagement $242,246$242,246
IX-11b Legal feesManagement $134$134
IX-11c Accounting feesManagement $76,133$76,133
IX-11g Other fees for servicesPrograms $75,318 · Management $59,506$134,824
IX-12 Advertising and promotionFundraising $28,174$28,174
IX-13 Office expensesManagement $22,074$22,074
IX-16 OccupancyManagement $45,066$45,066
IX-17 TravelPrograms $7,655 · Fundraising $13,373$21,028
IX-19 Conferences, conventions and meetingsPrograms $336,819 · Fundraising $33,720$370,539
IX-20 InterestManagement $1,229$1,229
IX-23 InsuranceManagement $405$405
IX-24 Other expenses (24a–d)Programs $18,116$18,116
IX-25 Total functional expensesPrograms $437,908 · Management $446,793 · Fundraising $75,267$959,968
Part X · Balance sheet $267,925 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $104,111$266,169
X-4 Accounts receivable$1,756
X-16 Total assetsStart of year $104,111$267,925
X-17 Accounts payable and accrued expensesStart of year $9,586$5,328
X-26 Total liabilitiesStart of year $9,586$5,328
X-27 Net assets without donor restrictionsStart of year $94,525$247,597
X-28 Net assets with donor restrictions$15,000
X-32 Total net assets or fund balancesStart of year $94,525$262,597
X-33 Total liabilities and net assetsStart of year $104,111$267,925
Part XI · Reconciliation of net assets $262,597 net assets at year end
XI-1 Total revenue$1,128,040
XI-2 Total expenses$959,968
XI-3 Revenue less expenses$168,072
XI-4 Net assets at start of year$94,525
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$262,597

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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