Global Education Foundation: FY2023 Nonprofit Profile & 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

73 cents of each dollar spent went to programs.

73%

27%

Program services 73% · $336K Management & general 27% · $123K

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 · $336K · in their own filed words · FY2023

01

Our organization, through our lead higher education pathway program, has enabled over 380 students to go to college and university . We have awarded over $336,000 for college and university scholarships in 2023.

$336Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$366K

Ln 12

Gifts and grantsLn 1h$362K

Investment incomeLn 3$4K

Money outPt IX

$459K

Ln 25

Programscol B$336K

Managementcol C$123K

Owns and owesPt X

−$47K

net assets · Ln 32

Cash and savingsLn 1–2$6K

Total assetsLn 16$360K

LiabilitiesLn 26$407K

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$362K

Noncash giftsLn 1g$24K

Investment incomeLn 3$4K

Total revenueLn 12$366K

Assets in detailPt X, end of year

CashLn 1$6K

Cash and savings togetherLn 1–2$6K

InvestmentsLn 11–13$354K

Total assetsLn 16$360K

LiabilitiesLn 26$407K

Net assetsLn 32−$47K

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 FY23	End FY23
Cash and savingsLn 1–2	$512K	$6K
InvestmentsLn 11–13		$354K
Total assetsLn 16	$512K	$360K
LiabilitiesLn 26	$467K	$407K
Net assetsLn 32	$45K	−$47K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Legal feesLn 11b	$20K		$20K
Accounting feesLn 11c	$2K		$2K
Advertising and promotionLn 12	$40K		$40K
Office expensesLn 13	$352		$352
OccupancyLn 16	$24K		$24K
TravelLn 17	$6K		$6K
Conferences, conventions and meetingsLn 19	$5K		$5K
InterestLn 20	$376		$376
InsuranceLn 23	$4K		$4K
Other expenses (24a–d)Ln 24	$356K	$336K	$20K
All other expensesLn 24e	$790		$790
Total functional expensesLn 25	$459K	$336K	$123K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$368K	$354K	$14K	−$33K	990 PDF
FY2023 Viewing	$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 FY2023 990 (6 parts)

Part I · Summary $366,455 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $322,340$362,080

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $0$4,375

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $322,340$366,455

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 $275,228$458,704

I-18 Total expensesPrior year $275,228$458,704

I-19 Revenue less expensesPrior year $47,112−$92,249

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 $366,455 across 6 lines filed

VIII-1d Related organizations$24,000

VIII-1f All other contributions, gifts and grants$338,080

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

VIII-1h Total contributions, gifts and grants$362,080

VIII-3 Investment incomeExcluded from tax $4,375$4,375

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $4,375$366,455

Part IX · Statement of functional expenses $458,704 across 11 lines filed

IX-11b Legal feesManagement $20,165$20,165

IX-11c Accounting feesManagement $1,850$1,850

IX-12 Advertising and promotionManagement $40,486$40,486

IX-13 Office expensesManagement $352$352

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

IX-17 TravelManagement $6,157$6,157

IX-19 Conferences, conventions and meetingsManagement $4,584$4,584

IX-20 InterestManagement $376$376

IX-23 InsuranceManagement $4,224$4,224

IX-24 Other expenses (24a–d)Programs $336,170 · Management $19,550$355,720

IX-24e All other expensesManagement $790$790

IX-25 Total functional expensesPrograms $336,170 · Management $122,534 · Fundraising $0$458,704

Part X · Balance sheet $360,473 assets, 10 lines filed

X-1 Cash, non-interest-bearingStart of year $512,478$6,099

X-11 Publicly traded securities$354,374

X-16 Total assetsStart of year $512,478$360,473

X-17 Accounts payable and accrued expensesStart of year $326,848$133,981

X-24 Unsecured notes and loans payable$46,876

X-26 Total liabilitiesStart of year $467,073$407,317

X-27 Net assets without donor restrictionsStart of year $24,905−$46,844

X-28 Net assets with donor restrictionsStart of year $20,500$0

X-32 Total net assets or fund balancesStart of year $45,405−$46,844

X-33 Total liabilities and net assetsStart of year $512,478$360,473

Part XI · Reconciliation of net assets −$46,844 net assets at year end

XI-1 Total revenue$366,455

XI-2 Total expenses$458,704

XI-3 Revenue less expenses−$92,249

XI-4 Net assets at start of year$45,405

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$46,844

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Global Education Foundation FY2023 filing

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