Global Mountain Fund Inc
- Assets
- $95.2k
- Revenue
- $34.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 05/2006
- Data as of
- 12/2022
- EIN
- 20-2570273
Organization Overview
Global Mountain Fund Inc is located in Albuquerque, NM. The organization was established in 2006. According to its NTEE Classification (T02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Mountain Fund Inc 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 Mountain Fund Inc generated $34.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (31.8%) each year. All expenses for the organization totaled $61.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (22.8%) per year over the past 8 years. 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
ELIMINATE POVERTY IN DEVELOPING MOUNTAIN REGIONS BY BUILDING HEALTHCARE NETWORKS, PROVIDING VOLUNTEERS, TECHNICAL AND FINANCIAL SUPPORT TO LOCAL COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES CONDUCTED TO PROVIDE INTERNATIONAL SUPPORT OF CHILDREN'S HOMES, SCHOOLS, HOSPITAL, HEALTH CLINICS AND MICROCREDIT PROJECTS
OPERATE MOUNTAIN TREKS TO PROVIDE EDUCATION AND MEDICAL CARE TO POOR MOUNTAIN COMMUNITIES
PROJECT AWARENESS AND EDUCATION
ACTIVITIES CONDUCTED TO PROVIDE INTERNATIONAL SUPPORT OF CHILDREN'S HOMES, SCHOOLS, HOSPITAL, HEALTH CLINICS AND MICROCREDIT PROJECTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Doak Vice Preside | OfficerTrustee | 0.5 | $0 |
Ari Stern MD Board Member | OfficerTrustee | 1 | $0 |
Scott Maclennan Executive Di | OfficerTrustee | 30 | $0 |
Sudeep Satyal Treasurer | OfficerTrustee | 0.5 | $0 |
Trond B Jensen Boad Member | Trustee | 0.5 | $0 |
Mike Anderson Board Member | Trustee | 0.5 | $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 | $34,137 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,137 |
| 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 | $34,137 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $3,541 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $84 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,179 |
| 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 | $4,293 |
| Insurance | $0 |
| All other expenses | $3,305 |
| Total functional expenses | $61,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,024 |
| Savings and temporary cash investments | $77,862 |
| 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 | $10,346 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $95,232 |
| 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 | $95,232 |
| 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 | $95,232 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Global Mountain Fund Inc has recieved totaling $30.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $30 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Restoration Development Foundation Inc Waco, TX | $1,483,165 | $956,623 |
Nonprofit Learning Lab Denver, CO | $177,755 | $559,380 |
For The Future Foundation Durango, CO | $328,476 | $2,500 |
Southeast Texas Nonprofit Development Center Beaumont, TX | $166,699 | $0 |
Global Mountain Fund Inc Albuquerque, NM | $95,232 | $34,137 |
Lawrence Institute Scottsdale, AZ | $20,224 | $4 |
Hope For The Brave Inc Irving, TX | $1,476 | $0 |