Global Impact INC FY2020 filing

Tax-deductible

San Jose, CA501(c)(3)InternationalEIN 84-1447004Revenue $304K in FY2020

On file with the IRSchildhopenepal.orgPo Box 9367, 95157-0367 · San Jose, CATax-exempt since Dec 2001Publicly supported charity — 170(b)(1)(A)(vi)

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Placing abandoned and orphaned children in good homes and financially supporting the families who care for them. Suppport includes, but is not limited to, basic needs and education costs, community development, care of the elderly and catastrophe relief.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$71K 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
2 of 5
filings with a surplus
Average deficit $12K a year · 3% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$71K
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 10.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $181K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$90K
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$304K
Spent
$280K
To programs
79%
Net assets
$176K
By yearFY2020–FY2024
Revenue
$304K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$304K
FY2021$366K
FY2022$322K
FY2023$355K
FY2024$396K
Expenses
$280K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$280K
FY2021$362K
FY2022$389K
FY2023$369K
FY2024$402K
Net assets
$176K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$176K
FY2021$210K
FY2022$151K
FY2023$131K
FY2024$127K

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. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2001.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $223K Management & general 14% · $39K Fundraising 7% · $19K

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

4 people listed on the 990; $71K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$71,050Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A

Shiva B Khadka’s $71K as Executive Di is at the 65th percentile of top reported officer pay among 1637 $100K–1M international 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.

See Global Impact 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 15aYes

Programs and updates

Finds homes for orphaned children and supports their foster families with basic needs and education.

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Provided by the organization

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1 program · $194K · in their own filed words · FY2020
01

Support families, including but not limited to, basic needs, educational costs, healthcare, and care for the elderly

$194Kprogram 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
See all 4 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$304K
Ln 12
Gifts and grantsLn 1h$304K
Investment incomeLn 3$5
Money outPt IX
$280K
Ln 25
Programscol B$223K
Managementcol C$39K
Fundraisingcol D$19K
Owns and owesPt X
$176K
net assets · Ln 32
Cash and savingsLn 1–2$249K
Total assetsLn 16$266K
LiabilitiesLn 26$90K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$304K
Investment incomeLn 3$5
Total revenueLn 12$304K
Assets in detailPt X, end of year
CashLn 1$226K
SavingsLn 2$23K
Cash and savings togetherLn 1–2$249K
Other assetsLn 15$15K
Total assetsLn 16$266K
LiabilitiesLn 26$90K
Net assetsLn 32$176K
OperationsPt I, VI
EmployeesI 51
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
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$235K$249K
Total assetsLn 16$235K$266K
LiabilitiesLn 26$65K$90K
Net assetsLn 32$170K$176K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$186K$186K
Pay of current officers, directors and key staffLn 5$71K$28K$28K$14K
Payroll taxesLn 10$5K$5K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$687$687
Office expensesLn 13$6K$1K$880$4K
OccupancyLn 16$2K$2K
TravelLn 17$365$365
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$280K$223K$39K$19K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $396K$402K−$6K$127K 990 PDF
FY2023 $355K$369K−$14K$131K 990 PDF
FY2022 $322K$389K−$68K$151K 990 PDF
FY2021 $366K$362K$4K$210K 990 PDF
FY2020 Viewing $304K$280K$24K$176K 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 $303,858 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $290,865$303,853
I-9 Program service revenue$0
I-10 Investment income$5
I-11 Other revenuePrior year $10$0
I-12 Total revenuePrior year $290,875$303,858
I-13 Grants and similar amounts paidPrior year $182,768$186,304
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $70,800$76,089
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $38,092$17,913
I-18 Total expensesPrior year $291,660$280,306
I-19 Revenue less expensesPrior year −$785$23,552
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $303,858 across 4 lines filed
VIII-1f All other contributions, gifts and grants$303,853
VIII-1h Total contributions, gifts and grants$303,853
VIII-3 Investment incomeRelated to mission $5$5
VIII-12 Total revenueRelated to mission $5$303,858
Part IX · Statement of functional expenses $280,306 across 9 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $186,304$186,304
IX-5 Pay of current officers, directors and key staffPrograms $28,420 · Management $28,420 · Fundraising $14,210$71,050
IX-10 Payroll taxesPrograms $5,039$5,039
IX-11c Accounting feesManagement $7,346$7,346
IX-11g Other fees for servicesManagement $687$687
IX-13 Office expensesPrograms $1,188 · Management $880 · Fundraising $4,326$6,394
IX-16 OccupancyManagement $1,750$1,750
IX-17 TravelPrograms $365$365
IX-24 Other expenses (24a–d)Programs $1,371$1,371
IX-25 Total functional expensesPrograms $222,687 · Management $39,083 · Fundraising $18,536$280,306
Part X · Balance sheet $265,539 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $212,680$226,023
X-2 Savings and temporary cash investmentsStart of year $22,086$23,291
X-9 Prepaid expenses and deferred charges$1,100
X-15 Other assets$15,125
X-16 Total assetsStart of year $234,766$265,539
X-17 Accounts payable and accrued expensesStart of year $796$6,347
X-18 Grants payableStart of year $64,004$83,509
X-26 Total liabilitiesStart of year $64,800$89,856
X-27 Net assets without donor restrictionsStart of year $169,966$175,683
X-32 Total net assets or fund balancesStart of year $169,966$175,683
X-33 Total liabilities and net assetsStart of year $234,766$265,539
Part XI · Reconciliation of net assets $175,683 net assets at year end
XI-1 Total revenue$303,858
XI-2 Total expenses$280,306
XI-3 Revenue less expenses$23,552
XI-4 Net assets at start of year$169,966
XI-9 Other changes in net assets−$17,835
XI-10 Net assets at end of year$175,683

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

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