Global Renewal Inc
- Assets
- $804.0k
- Revenue
- $650.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Frisco, TX
- Founding
- 08/2010
- Data as of
- 12/2022
- EIN
- 27-2190573
Organization Overview
Global Renewal Inc is located in Frisco, TX. The organization was established in 2010. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Global Renewal Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Renewal 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 Renewal Inc generated $650.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $438.4k during the year ending 12/2022. While expenses have increased by 8.4% 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 RENEWAL EXISTS TO 1 TRAIN NATIONALS TO BECOME LEADERS WHO THROUGH WORD AND DEED TRANSFORM AND IMPACT SOCIETIES, AND 2 TO RESCUE THE HELPLESS AND PROVIDE AN ENVIRONMENT OF HOPE AND RESTORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMBODIA THE NATION OF CAMBODIA IS KNOWN AS A SOURCE, TRANSIT, AND DESTINATION COUNTRY FOR CHILD TRAFFICKING AND THE HOME OF OUR FIRST SAFE HOUSE FOR GIRLS. TODAY, GLOBAL RENEWAL OPERATES TWO SAFE HOUSES FOR CHILDREN BOYS AND GIRLS IN CAMBODIA ALONG WITH LEADERSHIP TRAINING INSTITUTES, ONLINE EDUCATIONAL PROGRAMS, SCHOOL SPONSORSHIPS FOR CHILDREN LIVING IN IMPOVERISHED AREAS, AND COMMUNITY OUTREACH AND FEEDING PROGRAMS TO ADDRESS THE NATIONWIDE CHALLENGES OF EXTREME POVERTY AND LACK OF ECONOMIC OPPORTUNITIES FOR ITS PEOPLE.
VIETNAM OUR FOCUS IN THE NATION OF VIETNAM IS CENTERED AROUND LEADERSHIP TRAINING, COMMUNITY OUTREACH, AND HUMANITARIAN EFFORTS IN TIMES OF NATURAL DISASTERS. DURING THE GLOBAL PANDEMIC CAUSED BY COVID-19, GLOBAL RENEWAL WAS ABLE TO PROVIDE CARE KITS FOR OVER 25,000 PEOPLE WITHOUT ACCESS TO FOOD, WATER, OR MEDICAL SUPPLIES. TODAY, GLOBAL RENEWAL IS IN THE PROCESS OF ESTABLISHING AN ANTI-TRAFFICKING PROGRAM AND A SAFE HOUSE FOR CHILD VICTIMS OF TRAFFICKING AND ABUSE WHILE CONTINUING TO TRAIN COMMUNITY LEADERS ON HOW TO PREVENT AND DETECT VARIOUS FORMS OF TRAFFICKING IN THEIR RESPECTIVE DISTRICTS.
INDONESIA IN THE NATION OF INDONESIA, GLOBAL RENEWAL IS FOCUSED ON ANTI-TRAFFICKING EFFORTS AND LEADERSHIP TRAINING. WE WORK WITH VARIOUS COMMUNITIES AND GOVERNMENT CONNECTIONS TO AID IN THE RESCUE AND RESTORATION OF CHILDREN CAUGHT IN SLAVERY AND ABUSE, THE MANAGEMENT OF A SAFE HOUSE FOR YOUNG GIRLS, THE START OF A SAFE HOUSE FOR YOUNG BOYS, COMMUNITY LEADERSHIP TRAINING, ONLINE EDUCATIONAL PROGRAMS, AND SCHOOL SPONSORSHIPS. WE PROVIDE COMMUNITY OUTREACH AND CARE FOR AN ADOPTED BROTHEL VILLAGE THROUGH AN EDUCATIONAL CENTER FOR CHILDREN, COMMUNITY GROUPS FOR PARENTS, AND FEEDING PROGRAMS FOR FAMILIES EXPERIENCING HARDSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Chacko President | OfficerTrustee | 50 | $48,000 |
Liney Chacko Vice President/secretary | OfficerTrustee | 45 | $36,000 |
Kyle Coe Treasurer | OfficerTrustee | 0.3 | $2,100 |
Gordon Banks Board Member | Trustee | 1 | $0 |
Derozette Banks Board Member | Trustee | 0.1 | $0 |
George Samuel Board Member | Trustee | 0.3 | $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 | $653,864 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $653,864 |
| Total Program Service Revenue | $0 |
| Investment income | $18 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,638 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $650,244 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,335 |
| Grants and other assistance to domestic individuals. | $4,764 |
| 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 | $84,000 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,735 |
| Payroll taxes | $0 |
| Fees for services: Management | $30,740 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,406 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,424 |
| Office expenses | $18,147 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $64,067 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,323 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,060 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $438,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $705,361 |
| 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 | $98,653 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $804,014 |
| Accounts payable and accrued expenses | $16,859 |
| 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 | $16,859 |
| Net assets without donor restrictions | $0 |
| 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 | $787,155 |
| Total liabilities and net assets/fund balances | $804,014 |