Gk 1 World Foundation
- Assets
- $833.1k
- Revenue
- $845.5k
- Investments
- $0.0
- Employees
- 2
- Location
- La Mirada, CA
- Founding
- 11/2009
- Data as of
- 12/2022
- EIN
- 35-2361640
Organization Overview
Gk 1 World Foundation is located in La Mirada, CA. The organization was established in 2009. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Gk 1 World Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gk 1 World Foundation 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, Gk 1 World Foundation generated $845.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) 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
TO INSPIRE HEROIC ACTION WHILE RISING TO THE CHALLENGE OF NATION-BUILDING - ONE PERSON, ONE FAMILY, ONE COMMUNITY AT A TIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISASTER RESPONSE - RENDERING AID WHERE IT IS NEEDED MOST DURING TIMES OF NATURAL CALAMITY.2022 ACHIEVEMENT:TYPHOONS ODETTE, AGATON AND PAENG - DAMAGE REPAIR AND REPLACEMENT OF ROOFS, SIPAG PSYCHOSOCIAL ACTIVITIES FOR TYPHOON ODETTE VICTIMS IN SIARGAO.
PRODUCTIVITY - STRENGTHENING COMMUNITIES FOR BETTER PRODUCTIVITY & SUSTAINABILITY BY PROVIDING PROPER RESOURCES AND TRAINING.2022 ACHIEVEMENTS:GKONOMICS KLIK ME PROJECT, PURCHASE OF BAGONG BAYANI BOOKS, RICE AND CANNED GOODS DISTRIBUTION, SIBOL SCHOOL RENOVATION, LIVELIHOOD CENTER
ANTI-HUNGER KUSINA NG KALINGA - NOURISHING YOUNG CHILDRENS DREAMS BY PROVIDING CARE MEALS FOR UNDERNOURISHED CHIDREN IN PUBLIC SCHOOLS, ON THE STREETS AND EVEN IN DISASTER AREAS. 2022 ACHIEVEMENTS:COMMUNITY CARE KITCHENS ESTABLISHED, HUNDREDS OF CHILDREN PROVIDED WITH NUTRITIOUS MEALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mercedes Amante Board Secretaryhead Of Opera | Officer | 40 | $3,000 |
Armando Amante Administrative Assistant | Trustee | 40 | $2,000 |
Maricel Villanueva Board Director | Trustee | 10 | $0 |
David Zarraga Board Director | Trustee | 1 | $0 |
Josefina Disterhoft Board Director | Trustee | 1 | $0 |
Jeff Hoppe Board Director | Trustee | 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 | $821,174 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $821,174 |
| 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 | $22,949 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $845,495 |
| 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 | $973,675 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,000 |
| Compensation of current officers, directors, key employees. | $5,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,588 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,849 |
| Advertising and promotion | $4,104 |
| Office expenses | $2,981 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,806 |
| Travel | $10,162 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,751 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,547 |
| All other expenses | $2,607 |
| Total functional expenses | $1,145,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,018 |
| Savings and temporary cash investments | $823,062 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,000 |
| 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 | $4,045 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $833,125 |
| Accounts payable and accrued expenses | $1,084 |
| 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 | $1,084 |
| Net assets without donor restrictions | $5,478 |
| Net assets with donor restrictions | $826,563 |
| 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 | $833,125 |