Global Impact Resources Incorporated
- Assets
- $32.4k
- Revenue
- $466.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Greenville, NC
- Founding
- 09/2005
- Data as of
- 12/2023
- EIN
- 20-1662553
Organization Overview
Global Impact Resources Incorporated is located in Greenville, NC. The organization was established in 2005. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Global Impact Resources Incorporated employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Impact Resources Incorporated 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 12/2023, Global Impact Resources Incorporated generated $466.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $487.0k during the year ending 12/2023. While expenses have increased by 6.9% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GLOBAL IMPACT RESOURCES PARTNERS WITH CHRISTIAN MISSIONARIES AROUND THE WORLD, PROVIDING SPIRITUAL SUPPORT AND PRACTICAL ADMINISTRATION TO MAKE THE FUNDRAISING SIDE OF MINISTRY AN EASIER PROCESS.THE ORGANIZATION PROVIDES CREDIBILITY, ACCOUNTABILITY, TEAM SYNERGY, ADMINISTRATION, CONNECTIVITY, AND PARTNERSHIP TRAINING TO ENABLE ITS AFFILIATED INDIVIDUALS AND ORGANIZATIONS TO DEVELOP THEIR MINISTRY AND SPEND A GREATER AMOUNT OF TIME FOCUSED ON THEIR CHARITABLE WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDIVIDUALS - THE ORGANIZATION SUPPORTED 14 INDIVIDUALS/FAMILIES WHO WERE ACTIVELY INVOLVED IN CHRISTIAN OUTREACH PROJECTS. THESE INDIVIDUALS WERE STATIONED IN SEVERAL DIFFERENT COUNTRIES. ALL INDIVIDUALS WERE EITHER AFFILIATED WITH THE ORGANIZATION OR A BONA-FIDE CHARITABLE ORGANIZATION OF LIKE-MIND AND PURPOSE.
SPECIAL PROJECTS - THE ORGANIZATION PROVIDED VARIOUS SHORT-TERM PROJECTS THAT SUPPORTED THE FULFILLMENT OF ITS PURPOSE.
ORGANIZATIONS & GROUPS - THE ORGANIZATION SUPPORTED 5 GROUPS LOCATED IN THE UNITED STATES AND ABROAD. THESE MINISTRY GROUPS WERE BONA-FIDE CHARITABLE ORGANIZATIONS OF LIKE-MIND AND PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Williams President | OfficerTrustee | 4 | $0 |
Beaty Bass Treasurer | OfficerTrustee | 2 | $0 |
Mark Newberg Secretary | OfficerTrustee | 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 | $408,405 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $408,405 |
| Total Program Service Revenue | $58,350 |
| 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 | $466,755 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $402,727 |
| 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 | $64,727 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $398 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,580 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,000 |
| 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 | $486,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,408 |
| 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 | $32,408 |
| 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 | $269 |
| Total liabilities | $269 |
| Net assets without donor restrictions | $32,139 |
| 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 | $32,408 |