Global Investment Foundation Fortomorrow Inc
- Assets
- $373.7k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 1
- Location
- Wilmington, DE
- Founding
- 06/2007
- Data as of
- 12/2023
- EIN
- 20-5545018
Organization Overview
Global Investment Foundation Fortomorrow Inc is located in Wilmington, DE. The organization was established in 2007. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Investment Foundation Fortomorrow 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 12/2023, Global Investment Foundation Fortomorrow Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 55.1% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 59.1% per year over the past 9 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
AMPLIFY THE IMPORTANCE OF EARLY CHILDHOOD DEVELOPMENT THROUGH THE POWERS OF MUSIC, TECHNOLOGY, COLLABORATION AND GRASSROOTS ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATE EDUTAINMENT SONGS THAT EDUCATE ON THE IMPORTANCE OF EARLY CHILDHOOD DEVELOPMENT AND AMPLIFY THE MESSAGE THROUGH MEDIA AND PSA CAMPAIGNS EDUCATE ON THE IMPORTANCE OF EARLY CHILDHOOD DEVELOPMENT AND HOW TO PRACTICE RESPONSIVE CAREGIVER-CHILD INTERACTION IN PERSON THROUGH KEYNOTE CONCERT EVENTS AND SMALL COMMUNITY EVENTS FOR UNDERSERVED POPULATIONS AND DIGITALLY THROUGH SOCIAL MEDIA AND EMAIL CAMPAIGNS THAT HAVE THE ABILITY TO REACH ALL MOTHERS AND CAREGIVERS.PROVIDE TOOLS AND RESOURCES TO EMPOWER MOTHERS AND CAREGIVERS, INCLUDING A TIPS LIBRARY ON OUR WEBSITE, OUR LULLABY CREATION PROGRAMS AND OUR AI-POWERED TECHNOLOGY SOLUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Beard President And CEO | OfficerTrustee | 40 | $75,000 |
Nancy Leonard Treasurer (resigned Feb '23) | OfficerTrustee | 6 | $11,410 |
Suzanne Hall Board Member | Trustee | 1 | $0 |
Mark Holden Chairman | OfficerTrustee | 1 | $0 |
Rika Yoshikawa Board Member | Trustee | 1 | $0 |
Emeka Igwe Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Judy Otter Consulting - Nonprofit 360 I Management Consulting | 12/30/23 | $156,000 |
Elizabeth Gibbs Management Consulting | 12/30/23 | $130,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $79,975 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,071,228 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,151,203 |
| 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 | $1,151,203 |
| 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. | $187,105 |
| Compensation of current officers, directors, key employees. | $57,688 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $548 |
| Payroll taxes | $5,737 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,018 |
| Fees for services: Accounting | $19,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $649,682 |
| Advertising and promotion | $0 |
| Office expenses | $22,814 |
| Information technology | $59,842 |
| Royalties | $0 |
| Occupancy | $12,468 |
| Travel | $30,884 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,800 |
| Interest | $28,463 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $917 |
| All other expenses | $0 |
| Total functional expenses | $1,148,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,954 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $359,613 |
| 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 | $1,129 |
| 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 | $373,696 |
| Accounts payable and accrued expenses | $55,926 |
| 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 | $288,230 |
| Other liabilities | $0 |
| Total liabilities | $344,156 |
| Net assets without donor restrictions | $7,037 |
| Net assets with donor restrictions | $22,503 |
| 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 | $373,696 |