Global Inheritance INC FY2020 filing

Tax-deductible

Los Angeles, CA501(c)(3)Since 2005EnvironmentEIN 55-0904687Revenue $130K in FY2020

On file with the IRSglobalinheritance.org1855 Industrial Street Suite 613, 90021-0000 · Los Angeles, CATax-exempt since Nov 2012Publicly supported charity — 170(b)(1)(A)(vi)

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Global Inheritance works to reinvent activism and empower individuals to seek a Global balance. Our initiatives focus on the power of creativity to communicate and drive progressive environmental and social change. Global Inheritance develops campaigns which cater specifically to individual demographic groups, targeting the message and experience to be approachable for various subcultures.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$5K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
3 of 5
filings with a surplus
Average surplus $12K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$5K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $40K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2K
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$130K
Spent
$156K
To programs
87%
Net assets
$8K
By yearFY2020–FY2024
Revenue
$130K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$130K
FY2021$111K
FY2022$321K
FY2023$342K
FY2024$341K
Expenses
$156K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$156K
FY2021$124K
FY2022$264K
FY2023$331K
FY2024$311K
Net assets
$8K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$8K
FY2021−$5K
FY2022$53K
FY2023$64K
FY2024$94K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2011-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Nov 2012.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $136K Management & general 13% · $20K

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

5 people listed on the 990; $5K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$3,100Pt VII · Sec A
$1,800Pt VII · Sec A
CFO/V.p./Dir
$0Pt VII · Sec A
Secretary/Di
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Eric Ritz’s $11K as Executive Di is at the 5th percentile of top reported officer pay among 1989 $100K–1M environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2020
Eric Ritz$11,250$6,750$17,158$3,100
Magdalena Navarlatz Ritz$9,225$1,230$4,797$1,800

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Global Inheritance INC 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

Empowers individuals through creative campaigns for progressive environmental and social change.

Questions for Global Inheritance INC

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Provided by the organization

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1 program · $84K · in their own filed words · FY2020
01

Global inheritance developed and produced the art of recycling initiative at coachella music & arts festival (indio, ca) and stagecoach music festival (indio, ca). 50 different artists redesigned over 50 recycling bins.

$84Kprogram 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
Total grants receivedfrom 3 funders$40K
See all 3 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$130K
Ln 12
Gifts and grantsLn 1h$130K
Investment incomeLn 3$1
Money outPt IX
$156K
Ln 25
Programscol B$136K
Managementcol C$20K
Owns and owesPt X
$8K
net assets · Ln 32
Cash and savingsLn 1–2$10K
Total assetsLn 16$10K
LiabilitiesLn 26$2K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$130K
Noncash giftsLn 1g$60K
Investment incomeLn 3$1
Total revenueLn 12$130K
Assets in detailPt X, end of year
CashLn 1$9K
SavingsLn 2$578
Cash and savings togetherLn 1–2$10K
Total assetsLn 16$10K
LiabilitiesLn 26$2K
Net assetsLn 32$8K
OperationsPt I, VI
EmployeesI 52
VolunteersI 675
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$38K$10K
Total assetsLn 16$38K$10K
LiabilitiesLn 26$3K$2K
Net assetsLn 32$34K$8K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$60K$60K
Other salaries and wagesLn 7$5K$4K$490
Payroll taxesLn 10$483$435$48
Advertising and promotionLn 12$717$645$72
OccupancyLn 16$36K$32K$4K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$661$330$331
InsuranceLn 23$15K$14K$1K
Other expenses (24a–d)Ln 24$25K$17K$9K
All other expensesLn 24e$11K$5K$6K
Total functional expensesLn 25$156K$136K$20K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $341K$311K$30K$94K 990 PDF
FY2023 $342K$331K$11K$64K 990 PDF
FY2022 $321K$264K$57K$53K 990 PDF
FY2021 $111K$124K−$13K−$5K 990 PDF
FY2020 Viewing $130K$156K−$26K$8K 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 FY2020 990 (6 parts)
Part I · Summary $130,183 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $278,810$130,182
I-9 Program service revenue$0
I-10 Investment incomePrior year $1$1
I-11 Other revenue$0
I-12 Total revenuePrior year $278,811$130,183
I-13 Grants and similar amounts paidPrior year $113,140$60,439
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $35,701$5,383
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $144,365$90,516
I-18 Total expensesPrior year $293,206$156,338
I-19 Revenue less expensesPrior year −$14,395−$26,155
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $130,183 across 5 lines filed
VIII-1f All other contributions, gifts and grants$130,182
VIII-1g Noncash contributions (included above)$60,440
VIII-1h Total contributions, gifts and grants$130,182
VIII-3 Investment incomeRelated to mission $1$1
VIII-12 Total revenueRelated to mission $1$130,183
Part IX · Statement of functional expenses $156,338 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $60,439$60,439
IX-7 Other salaries and wagesPrograms $4,410 · Management $490$4,900
IX-10 Payroll taxesPrograms $435 · Management $48$483
IX-12 Advertising and promotionPrograms $645 · Management $72$717
IX-16 OccupancyPrograms $32,190 · Management $3,576$35,766
IX-17 TravelPrograms $2,105$2,105
IX-19 Conferences, conventions and meetingsPrograms $330 · Management $331$661
IX-23 InsurancePrograms $13,504 · Management $1,347$14,851
IX-24 Other expenses (24a–d)Programs $16,623 · Management $8,602$25,225
IX-24e All other expensesPrograms $5,336 · Management $5,855$11,191
IX-25 Total functional expensesPrograms $136,017 · Management $20,321 · Fundraising $0$156,338
Part X · Balance sheet $9,895 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $32,449$9,317
X-2 Savings and temporary cash investmentsStart of year $5,378$578
X-16 Total assetsStart of year $37,827$9,895
X-17 Accounts payable and accrued expensesStart of year $3,418$1,641
X-26 Total liabilitiesStart of year $3,418$1,641
X-27 Net assets without donor restrictionsStart of year $34,409$8,254
X-32 Total net assets or fund balancesStart of year $34,409$8,254
X-33 Total liabilities and net assetsStart of year $37,827$9,895
Part XI · Reconciliation of net assets $8,254 net assets at year end
XI-1 Total revenue$130,183
XI-2 Total expenses$156,338
XI-3 Revenue less expenses−$26,155
XI-4 Net assets at start of year$34,409
XI-10 Net assets at end of year$8,254

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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