Global Celebration

Tax-deductible

Bedford, TX501(c)(3)ReligionEIN 91-1341558

Global celebration is committed to proclaiming the gospel through missions, evangelism, and leadership training. With a strong passion for the poorest of the poor, we support orphans and at-risk children on 3 continents.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
Run by 3 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
1 of 3
filings with a surplus
Average surplus $13K a year · under 1% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$106K
to officers and key staff · 5% of spending
Top officer’s pay lower than 75% of similar orgs
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $9K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$72K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 6 voting members
Looks good: 4 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
+0.02% vs prior year
Spent
$2.2M
To programs
69%
Net assets
$406K
By yearFY2021–FY2024
Revenue
$2.1M
FY2024+0.02%
Revenue by fiscal year
FY2021$2.1M
FY2023$2.1M
FY2024$2.1M
Expenses
$2.2M
FY2024▼ -4%
Expenses by fiscal year
FY2021$1.8M
FY2023$2.3M
FY2024$2.2M
Net assets
$406K
FY2024▼ -22%
Net assets by fiscal year
FY2021$392K
FY2023$519K
FY2024$406K

From the FY2024 Form 990 (year ending January 2024) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Exemption reinstated (2017-06-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Feb 2018.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $1.5M Management & general 31% · $680K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

6 people listed on the 990; $106K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Director
$66,613Pt VII · Sec A
President/Treasurer/Director
$36,666Pt VII · Sec A
Vice President/Director
$3,000Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Karen Vangor’s $67K as Director is at the 25th percentile of top reported officer pay among 1636 $1–10M religion 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.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2021
Karen Vangor$66,613——
Georgian Banov$36,666$52,453—
Winnie Banov$3,000$34,000—
Winnie Banov——$20,000
Georgian Banov——$19,106

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Global Celebration 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 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Proclaims the Gospel through missions, evangelism, and training, supporting orphans and children globally.

Provided by the organization

This section is blank until Global Celebration claims this page.

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1 program service account for $1.5M of program spending, described in the organization's own filed words · FY2023.
01

Global Celebration is dedicated to spreading the gospel and developing uncompromising followers of Christ, including pastors and leaders, who transform our world through the means of evangelism, revivals, seminars, schools, mission trips, and crusades.

$1.5Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$9K
Grants paid · 12 grants · $495K · 2020–2023
Iris GlobalTN · FY2023$78,000
Inheritance FireTN · FY2023$49,000
Inheritance FireTN · FY2022$89,000
Iris GlobalTN · FY2022$79,000
Inheritance FireTN · FY2020$91,000
Iris GlobalTN · FY2020$65,000
Global Mission AwarenessGA · FY2020$13,950

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Gifts and grantsLn 1h$1.4M
Other incomeLn 4–11$430K
Fees for servicesLn 2g$280K
Money outPt IX
$2.2M
Ln 25
Programscol B$1.5M
Managementcol C$680K
Owns and owesPt X
$406K
net assets · Ln 32
Cash and savingsLn 1–2$458K
Total assetsLn 16$478K
LiabilitiesLn 26$72K
PeoplePt VI, VII
6
listed · VII A
PaidVII A3
Voting boardVI 1a6
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Fees for servicesLn 2g$280K
Other incomeLn 4–11$430K
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$458K
Cash and savings togetherLn 1–2$458K
Land, buildings, equipmentLn 10c$4K
Other assetsLn 15$15K
Total assetsLn 16$478K
LiabilitiesLn 26$72K
Net assetsLn 32$406K
OperationsPt I, VI
EmployeesI 52
VolunteersI 63
Fiscal year endsHeaderJanuary
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
LineStart FY24End FY24
Cash and savingsLn 1–2$552K$458K
Land, buildings, equipmentLn 10c$4K$4K
Total assetsLn 16$573K$478K
LiabilitiesLn 26$54K$72K
Net assetsLn 32$519K$406K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$465K$465K
Pay of current officers, directors and key staffLn 5$211K$180K$32K$0
Other salaries and wagesLn 7$57K$42K$15K$0
Payroll taxesLn 10$57K$48K$9K$0
Legal feesLn 11b$700$700$0$0
Accounting feesLn 11c$5K$0$5K$0
Other fees for servicesLn 11g$659K$326K$333K$0
Advertising and promotionLn 12$217K$61K$157K$0
Office expensesLn 13$161K$49K$113K$0
Information technologyLn 14$12K$10K$2K$0
OccupancyLn 16$23K$16K$8K$0
TravelLn 17$304K$302K$2K$0
Depreciation, depletion and amortizationLn 22$1K$0$1K$0
InsuranceLn 23$5K$819$4K$0
Other expenses (24a–d)Ln 24$1K$1K$0$0
Total functional expensesLn 25$2.2M$1.5M$680K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.1M$2.2M−$116K$406K 990 PDF
FY2023 $2.1M$2.3M−$203K$519K 990 PDF
FY2022 Not on file
FY2021 $2.1M$1.8M$358K$392K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $2,065,806 across 5 lines filed
Lines not itemized here account for $429,504 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$1,355,860
VIII-1h Total contributions, gifts and grants$1,355,860
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$279,618
VIII-5 RoyaltiesRelated to mission $824 · Unrelated business $0 · Excluded from tax $0$824
VIII-12 Total revenueRelated to mission $709,946 · Unrelated business $0 · Excluded from tax $0$2,065,806
Part IX · Statement of functional expenses $2,181,926 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $465,298$465,298
IX-5 Pay of current officers, directors and key staffPrograms $179,707 · Management $31,713 · Fundraising $0$211,420
IX-7 Other salaries and wagesPrograms $42,091 · Management $14,680 · Fundraising $0$56,771
IX-10 Payroll taxesPrograms $48,437 · Management $8,548 · Fundraising $0$56,985
IX-11b Legal feesPrograms $700 · Management $0 · Fundraising $0$700
IX-11c Accounting feesPrograms $0 · Management $4,949 · Fundraising $0$4,949
IX-11g Other fees for servicesPrograms $326,433 · Management $332,824 · Fundraising $0$659,257
IX-12 Advertising and promotionPrograms $60,576 · Management $156,620 · Fundraising $0$217,196
IX-13 Office expensesPrograms $48,633 · Management $112,679 · Fundraising $0$161,312
IX-14 Information technologyPrograms $10,409 · Management $1,844 · Fundraising $0$12,253
IX-16 OccupancyPrograms $15,660 · Management $7,775 · Fundraising $0$23,435
IX-17 TravelPrograms $302,026 · Management $2,223 · Fundraising $0$304,249
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $1,367 · Fundraising $0$1,367
IX-23 InsurancePrograms $819 · Management $4,449 · Fundraising $0$5,268
IX-24 Other expenses (24a–d)Programs $1,466 · Management $0 · Fundraising $0$1,466
IX-25 Total functional expensesPrograms $1,502,255 · Management $679,671 · Fundraising $0$2,181,926
Part X · Balance sheet $478,229 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $552,025$457,689
X-10c Land, buildings and equipment, netStart of year $4,183$3,895
X-14 Intangible assetsStart of year $1,516$1,417
X-15 Other assetsStart of year $15,228$15,228
X-16 Total assetsStart of year $572,952$478,229
X-17 Accounts payable and accrued expensesStart of year $23,363$40,870
X-26 Total liabilitiesStart of year $54,333$71,840
X-27 Net assets without donor restrictionsStart of year $518,619$406,389
X-32 Total net assets or fund balancesStart of year $518,619$406,389
X-33 Total liabilities and net assetsStart of year $572,952$478,229
Part XI · Reconciliation of net assets $406,389 net assets at year end
XI-1 Total revenue$2,065,806
XI-2 Total expenses$2,181,926
XI-3 Revenue less expenses−$116,120
XI-4 Net assets at start of year$518,619
XI-8 Prior period adjustments$3,890
XI-10 Net assets at end of year$406,389

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

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