Global Innovative Foundation EIN 84-2096804

Global Innovative Foundation

EIN  84-2096804 Public charity (501(c)(3)) North Miami, FL
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Provides education, services, and scholarships to crime victims and survivors.
Leadership
Anel De Castro · Chair
Money in and out
$104K revenue, $101K expenses
Bottom line
88% program efficiency

Provides education, services, and scholarships to crime victims and survivors. For fiscal year 2024 it reported $104K in revenue, $101K in expenses, and $10K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$104K
Pt VIII · Ln 12
Total expenses
$101K
Pt IX · Ln 25
Net assets
$10K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.12
Program efficiency
88%
of spending reaches programs
Operating runway
1.4mo
months of highly liquid reserves at operating expense rate▼ -73% vs prior filing year
Surplus margin
+3%
revenue over expenses, this year▼ -91% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$104K
FY2024▲ +64%
Expenses
$101K
FY2024▲ +128%
Total assets
$11K
FY2024▼ -40%
Total liabilities
$1K
FY2024
Total revenue
$104K
Pt VIII · Ln 12
Total expenses
$101K
Pt IX · Ln 25
Net assets
$10K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3K
Total assetsPt X · Ln 16$11K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $89K of program spending, described in the organization's own filed words · FY2024.
01

The agency conducted several workshops, classes and seminars to its community in 2024. These workshops, classes and seminars included various subject matters such as anti-human trafficking, mental health, gun violence awareness and prevention, domestice violence, etc. More than 2,000 individuals attended these siminars and workshops.

$89Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGlobal Innovative Foundation
EINHdr · item D84-2096804
Principal addressHdr · item CNorth Miami, FL
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCrime & Legal (I70)
Ruling yearIRS BMFApr 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
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
2 Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President & CEO
$0Pt VII · Sec A
See Global Innovative Foundation executive salaries →

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Statement of Revenue

Part VIII
Program service revenue$58K · 56%
Contributions & grants$46K · 44%
Program service revenue56%$58K
Contributions & grants44%$46K
— government grantsLn 1e$33K
Total revenueLn 12$104K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12
Program services88%$89K
Management & general12%$12K
Total functional expensesLn 25$101K

Balance Sheet

Part X · end of year
CashLn 1$11K
Total assetsLn 16$11K
Total liabilitiesLn 26$1K
Total net assetsLn 32$10K
Months of cash on handcomputed1.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $11K · Operating expenses/yr $101K
1.4 months
Where the money goes
Program services
Program services $89K · Total expenses $101K
88%
Management & General
Management & general $12K · Total expenses $101K
12%
Fundraising
Fundraising $0 · Total expenses $101K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $38K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $46K · Total revenue $104K
44%
Government reliance
Government grants $33K · Total revenue $104K
32%
Earned-income share
Program service revenue $58K · Total revenue $104K
56%
Investment reliance
Investment income $0 · Total revenue $104K
0%
Program self-sufficiency
Program service revenue $58K · Total expenses $101K
58%
Growth & trend
Revenue growth (YoY)
This year $104K · Prior year $63K
+64%
Net-asset trend (YoY)
End of year $10K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $104K · Expenses $101K
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $11K
Net-asset ratio
Net assets $10K · Total assets $11K
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $11K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Anel De Castro · Reported title CHAIR · Highest reported compensation $0 · Total expenses $101K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $101K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 12%
Fundraising cost ratio 0%
Revenue growth 64%

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
Total grants receivedfrom 1 funder$6K

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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)$104K revenue · viewing · ⤓ 990 PDF
FY2023not on file
FY2022$63K 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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