Global Majority Consortium: Nonprofit Profile, Financials & Form 990 (EIN 85-2167781)

Baionne Coleman’s $10K as Co CEO is at the 8th percentile of top reported officer pay among 1613 $100K–1M education 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.

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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 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers free community programs to build wealth, education, leadership, and financial responsibility.

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1 program · in their own filed words · FY2024

01

Primary Program

Financial Coaching and Literacy Initiative Description:In partnership with the Washington State Department of Commerce, GMC implemented a comprehensive, two-year Financial Coaching and Literacy Initiative designed to build culturally responsive financial stability within historically marginalized communities disproportionately impacted…

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 85-2167781) · Dispute this line

Pt IX · Ln 25 · col B

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$160K

Ln 12

Gifts and grantsLn 1h$160K

Investment incomeLn 3$80

Money outPt IX

$31K

Ln 25

Managementcol C$31K

Owns and owesPt X

$164K

net assets · Ln 32

Cash and savingsLn 1–2$16K

Total assetsLn 16$164K

LiabilitiesLn 26$0

PeoplePt VI, VII

5

listed · VII A

PaidVII A2

Voting boardVI 1a2

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$160K

Government grantsLn 1e$160K

Investment incomeLn 3$80

Total revenueLn 12$160K

Assets in detailPt X, end of year

CashLn 1$16K

Cash and savings togetherLn 1–2$16K

Prepaid expenses and deferred chargesLn 9$148K

Total assetsLn 16$164K

LiabilitiesLn 26$0

Net assetsLn 32$164K

OperationsPt I, VI

EmployeesI 52

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$35K	$16K
Total assetsLn 16	$35K	$164K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$35K	$164K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of officers and key staff (Part IX, line 5)Ln 5	$19K		$19K
Payroll taxesLn 10	$2K		$2K
Accounting feesLn 11c	$768		$768
Other fees for servicesLn 11g	$6K		$6K
Office expensesLn 13	$49		$49
Information technologyLn 14	$4K		$4K
Total functional expensesLn 25	$31K	$0	$31K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025	$160K	$31K	$128K	$164K	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2024 990

Part I · Summary $159,607 revenue, 12 lines filed

I-8 Contributions and grants$159,527

I-9 Program service revenue$0

I-10 Investment income$80

I-11 Other revenue$0

I-12 Total revenue$159,607

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$20,833

I-16a Professional fundraising fees$0

I-17 Other expenses$10,390

I-18 Total expenses$31,223

I-19 Revenue less expenses$128,384

Part VI · Governance 0 of 2 board members independent, 5 to look at

VI-1a Voting members of the governing body2

VI-1b Independent voting members0

VI-2 Family or business relationship among officers or directorsYes

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

Part VIII · Statement of revenue $159,607 across 5 lines filed

VIII-1e Government grants$159,527

VIII-1h Total contributions, gifts and grants$159,527

VIII-3 Investment incomeExcluded from tax $80$80

VIII-8 Net income from fundraising events$0

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $80$159,607

Part IX · Statement of functional expenses $31,223 across 6 lines filed

IX-5 Pay of officers and key staff (Part IX, line 5)Management $19,169$19,169

IX-10 Payroll taxesManagement $1,664$1,664

IX-11c Accounting feesManagement $768$768

IX-11g Other fees for servicesManagement $5,786$5,786

IX-13 Office expensesManagement $49$49

IX-14 Information technologyManagement $3,787$3,787

IX-25 Total functional expensesPrograms $0 · Management $31,223 · Fundraising $0$31,223

Part X · Balance sheet $163,575 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $35,191$16,009

X-9 Prepaid expenses and deferred charges$147,566

X-16 Total assetsStart of year $35,191$163,575

X-26 Total liabilitiesStart of year $0$0

X-31 Retained earnings or endowmentStart of year $35,191$163,575

X-32 Total net assets or fund balancesStart of year $35,191$163,575

X-33 Total liabilities and net assetsStart of year $35,191$163,575

Part XI · Reconciliation of net assets $163,575 net assets at year end

XI-1 Total revenue$159,607

XI-2 Total expenses$31,223

XI-3 Revenue less expenses$128,384

XI-4 Net assets at start of year$35,191

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$163,575

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

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