Global Benefit
- Assets
- $2.5k
- Revenue
- $481.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Laconia, NH
- Founding
- 01/2001
- Data as of
- 12/2022
- EIN
- 02-0520453
Organization Overview
Global Benefit is located in Laconia, NH. The organization was established in 2001. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Benefit is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Global Benefit generated $481.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 47.5% each year . All expenses for the organization totaled $501.6k during the year ending 12/2022. While expenses have increased by 42.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GLOBAL BENEFIT IS A CHRIST-CENTERED ORGANIZATION THAT EXISTS TO PROVIDE HOPE FOR THOSE FACING EXTREME POVERTY AND DISTRESS THROUGH EDUCATION, VOCATIONAL TRAINING, MICRO-BUSINESS FINANCING, AND COMMUNITY HEALTH-CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLOBAL BENEFIT DONATED $499,707 TO LACONIA CHRISTIAN FELLOWSHIP (LCF), A CHURCH LOCATED IN LACONIA, NH. THE DONATION WAS IN SUPPORT OF LCF'S MISSIONARY WORK SPONSORING VERY POOR SCHOOL CHILDREN IN RWANDA. DURING 2022, 140 STUDENTS WERE SPONSORED. THESE CHILDREN WERE PROVIDED WITH SCHOOL SUPPLIES, UNIFORMS, AND HEALTH INSURANCE. SUPPLEMENTAL FOOD WAS ALSO PROVIDED TO THEIR FAMILIES. OTHER ACHIEVEMENTS INCLUDED: (1) COMPLETION OF 13 SAFE AND SECURE HOUSING UNITS AND A COMMUNITY WORSHIP CENTER, (2) INSTALLATION OF SOLAR PANELS ON EACH HOUSING UNIT, AND (3)PIPING OF PURE WATER TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Warren Vice Chair | OfficerTrustee | 1 | $0 |
Alan Graustein Edd Chair Treasurer | OfficerTrustee | 6 | $0 |
Rick Bonifas Edd Executive Dir. | OfficerTrustee | 1 | $0 |
Nathaniel Nelson Director | Trustee | 1 | $0 |
Patrick Karangwa Director | Trustee | 1 | $0 |
Tim Vaughn Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $481,271 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $481,271 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $481,271 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $499,707 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $499 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $700 |
| Advertising and promotion | $0 |
| Office expenses | $429 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $501,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,492 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,492 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,492 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,492 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Global Benefit has recieved totaling $13,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $13,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nuday Windham, NH | $493,517 | $32,697,224 |
Planet Aid Inc Milford, MA | $17,464,781 | $29,818,126 |
Grassroots International Inc Boston, MA | $13,759,969 | $12,517,391 |
Refugepoint Inc Boston, MA | $13,622,053 | $13,092,298 |
Mustard Seed Communities Inc Medfield, MA | $4,174,616 | $5,848,554 |
I-Care Fund America Inc Boston, MA | $1,163,819 | $5,369,139 |
The Water Project Inc Concord, NH | $8,538,789 | $7,242,242 |
Neeman Foundation Usa Newtown, MA | $882,621 | $4,474,859 |
Hands Together Inc Chicopee, MA | $1,752,983 | $2,992,160 |
Project Healthy Children Inc Westborough, MA | $11,268,346 | $12,496,884 |
Mojaloop Foundation Inc Wakefield, MA | $2,277,277 | $3,582,633 |
Engage Now Africa Inc Foxboro, MA | $85,058 | $2,312,646 |