Global Education Foundation: Nonprofit Profile, Financials & Form 990 (EIN 86-2538751)

Revenue by fiscal year
FY2021	$227K
FY2022	$322K
FY2023	$366K
FY2024	$368K

Expenses by fiscal year
FY2021	$228K
FY2022	$275K
FY2023	$459K
FY2024	$354K

Net assets by fiscal year
FY2021	−$2K
FY2022	$45K
FY2023	−$47K
FY2024	−$33K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2022.

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

Where the money goes

81 cents of each dollar spent went to programs.

81%

19%

Program services 81% · $286K Management & general 19% · $69K

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

2 people listed on the 990.

Part VII, Section A · reportable compensation

Holger Lohse

Officer

$0Pt VII · Sec A

Francis Tesmer

Director

$0Pt VII · Sec A

See Global Education Foundation 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 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo
Loans to or from officersSch L · Pt II1 listed

Programs and updates

Offers scholarships and educational programs for beauty and wellness professionals to advance their careers.

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Provided by the organization

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1 program · $286K · in their own filed words · FY2024

01

The lead higher education pathway program has enabled many students to go to college and university . We have awarded $285,640 for college and university scholarships in 2024.

$286Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$368K

Ln 12

Gifts and grantsLn 1h$347K

Investment incomeLn 3$21K

Money outPt IX

$354K

Ln 25

Programscol B$286K

Managementcol C$69K

Owns and owesPt X

−$33K

net assets · Ln 32

Cash and savingsLn 1–2$2K

Total assetsLn 16$267K

LiabilitiesLn 26$300K

PeoplePt VI, VII

2

listed · VII A

PaidVII A0

Voting boardVI 1a2

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$347K

Noncash giftsLn 1g$24K

Investment incomeLn 3$21K

Total revenueLn 12$368K

Assets in detailPt X, end of year

CashLn 1$2K

Cash and savings togetherLn 1–2$2K

InvestmentsLn 11–13$266K

Total assetsLn 16$267K

LiabilitiesLn 26$300K

Net assetsLn 32−$33K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$6K	$2K
InvestmentsLn 11–13	$354K	$266K
Total assetsLn 16	$360K	$267K
LiabilitiesLn 26	$407K	$300K
Net assetsLn 32	−$47K	−$33K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$16K		$16K
Legal feesLn 11b	−$18K		−$18K
Accounting feesLn 11c	$150		$150
Advertising and promotionLn 12	$31K		$31K
Office expensesLn 13	$248		$248
OccupancyLn 16	$24K		$24K
Conferences, conventions and meetingsLn 19	$4K		$4K
InsuranceLn 23	$3K		$3K
Other expenses (24a–d)Ln 24	$294K	$286K	$8K
Total functional expensesLn 25	$354K	$286K	$69K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$368K	$354K	$14K	−$33K	990 PDF
FY2023	$366K	$459K	−$92K	−$47K	990 PDF
FY2022	$322K	$275K	$47K	$45K	990 PDF
FY2021	$227K	$228K	−$2K	−$2K	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 $368,305 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $362,080$346,835

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $4,375$21,470

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $366,455$368,305

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $458,704$354,375

I-18 Total expensesPrior year $458,704$354,375

I-19 Revenue less expensesPrior year −$92,249$13,930

Part VI · Governance 0 of 2 board members independent, 2 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-15a Process for setting top official's payNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $368,305 across 6 lines filed

VIII-1d Related organizations$24,000

VIII-1f All other contributions, gifts and grants$322,835

VIII-1g Noncash contributions (included above)$24,000

VIII-1h Total contributions, gifts and grants$346,835

VIII-3 Investment incomeExcluded from tax $21,470$21,470

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $21,470$368,305

Part IX · Statement of functional expenses $354,375 across 9 lines filed

IX-11a Management feesManagement $16,400$16,400

IX-11b Legal feesManagement −$18,014−$18,014

IX-11c Accounting feesManagement $150$150

IX-12 Advertising and promotionManagement $31,294$31,294

IX-13 Office expensesManagement $248$248

IX-16 OccupancyManagement $24,000$24,000

IX-19 Conferences, conventions and meetingsManagement $4,073$4,073

IX-23 InsuranceManagement $2,679$2,679

IX-24 Other expenses (24a–d)Programs $285,640 · Management $7,905$293,545

IX-25 Total functional expensesPrograms $285,640 · Management $68,735 · Fundraising $0$354,375

Part X · Balance sheet $267,350 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $6,099$1,507

X-11 Publicly traded securitiesStart of year $354,374$265,843

X-16 Total assetsStart of year $360,473$267,350

X-17 Accounts payable and accrued expensesStart of year $133,981$101,019

X-24 Unsecured notes and loans payableStart of year $46,876$7,589

X-26 Total liabilitiesStart of year $407,317$300,264

X-27 Net assets without donor restrictionsStart of year −$46,844−$32,914

X-32 Total net assets or fund balancesStart of year −$46,844−$32,914

X-33 Total liabilities and net assetsStart of year $360,473$267,350

Part XI · Reconciliation of net assets −$32,914 net assets at year end

XI-1 Total revenue$368,305

XI-2 Total expenses$354,375

XI-3 Revenue less expenses$13,930

XI-4 Net assets at start of year−$46,844

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$32,914

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

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