Global Impact Network Inc
- Assets
- $3.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Keller, TX
- Founding
- 10/2010
- Data as of
- 12/2021
- EIN
- 26-3035141
Organization Overview
Global Impact Network Inc is located in Keller, TX. The organization was established in 2010. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Impact Network 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 12/2021, Global Impact Network Inc generated $99.5k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 33.6% each year . All expenses for the organization totaled $98.1k during the year ending 12/2021. While expenses have increased by 31.0% per year over the past 2 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
IN 2021 GIN HOSTED A HUMANITARIAN TEAM OF 38 FROM THE USA AND BULGARIA WHICHTRAVELED FOR 3 WEEKS AROUND BULGARIA TO PARTNER WITH LOCAL CHURCHES ANDORGANIZATIONS WORKING WITH PRISONS, SCHOOLS, COMMUNITY CENTERS, CHILDRENS CAMPS,TRAINING TEACHERS, ENGLISH CAMP, YOUTH EVENTS, EMOTIONAL HELP FOR PEOPLE AFFECTED BYCOVID-19, ETC. OUR ORGANIZATION PARTNERED WITH GO BEYOND BORDERS AND SOFIACHRISTIAN CENTER TO ORGANIZE FESTIVALS OF HOPE IN BULGARIA WHICH WERE TARGETING THEROMA COMMUNITIES IN THE OUTSKIRTS OF SOFIA. GIN PROVIDED TRAININGS FOR YOUNGPEOPLE FOR HUMANITARIAN AND MISSIONS WORK. OVER 400 CHILDRENS BIBLES ANDCHRISTIAN LITERATURE WAS PROVIDED AS GIFTS FOR CHRISTMAS IN PARTNERSHIP WITH LOCALCHURCHES IN BULGARIA. GIN ORGANIZED THREE MISSIONS TRIPS TO GREECE AND ONE TOCROATIA TO PARTNER WITH OTHER HUMANITARIAN AND MISSIONS ORGANIZATIONS THERE. INOCTOBER WE HOSTED PROFESSORS FROM CFNI WHO PROVIDED TRAINING FOR PEOPLE INTERESTEDIN MISSIONS. MULTIPLE TRIPS AND MEETING WERE ORGANIZED WITH PASTORS AND MISSIONARIESWORKING IN THE RHODOPE AREA OF BULGARIA. THE WORK ON OUR MINISTRY CENTER CONTINUEDWITH SEVERAL MAJOR RENOVATIONS PROJECTS. WE PARTNERED WITH THE PROMISED LANDCOMPLEX TO PROVIDE FINANCING FOR THE RENOVATIONS OF THEIR COMPLEX. OUR ESSENTIALPARTNERSHIP WITH THE INTEGRATION THROUGH SPORTS PROJECT CONTINUED IN 2021 TO HELPCHILDREN AT RISK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nikolai Stefanov President | 40 | $0 | |
Don Morrow Chairman/direct | 1 | $0 | |
Mike Martin Sec/treas/direc | 1 | $0 | |
Jody Baker Director | 1 | $0 | |
Steven Stefanov Director | 1 | $0 | |
Rodney Murray Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,538 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $99,538 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $3,598 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $8,557 |
| Printing, publications, postage, and shipping | $285 |
| Other expenses | $85,625 |
| Total expenses | $98,065 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,278 |
| Other assets | $0 |
| Total assets | $3,278 |
| Total liabilities | $0 |
| Net assets or fund balances | $3,278 |
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