Glocal Net Inc
- Assets
- $1.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Keller, TX
- Founding
- 07/2016
- Data as of
- 12/2022
- EIN
- 37-1800334
Organization Overview
Glocal Net Inc is located in Keller, TX. The organization was established in 2016. According to its NTEE Classification (Q40) the organization is classified as: International Peace & Security, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glocal Net 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, Glocal Net Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $1.4m during the year ending 12/2022. 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
GLOCALNET'S VISION IS TO RELENTLESSLY PURSUE PEACE AND RECONCILIATION AMONG ALL PEOPLE IN ALL PLACES FOR ALL THINGS. WE WANT TO RELEASE THE CHURCH THROUGH THE DOMAINS OF SOCIETY AND BUILD RELATIONSHIPS WITH OTHER TO WORK TOGETHER IN THE GLOBAL PUBLIC SQUARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS WERE ALLOCATED FOR PROGRAMS, TRAVEL, AND OTHER EXPENSES TO PURSUE PEACE AND RECONCILIATION WITH OTHER COUNTRIES AND OTHER FAITHS.
FUNDS ALLOCATED TO GENERAL ADMINISTRATION OF PROGRAMS
FUNDS AND REVENUE DERIVED FROM THE GENERAL OPERATIONS OF CHURCHES PREVIOUSLY PLANTED.
IT IS A MULTI-FAITH CONFERENCE IN DOHA, QATAR THAT FOCUSES ON BRINGING CLERICS TOGETHER TO SERVE THE COMMUNITY AS WELL AS DISCUSSING RELIGION AND THE RULE OF LAW. DUE TO COVID, IT HAS BEEN POSTPONED UNTIL 2022 BUT WE ARE WORKING ON PLANNING IT NOW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Roberts Jr President | Trustee | 30 | $85,000 |
Daniel Langford Director Of Ops | Trustee | 40 | $81,294 |
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 | $1,244,488 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,244,488 |
| 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 | $1,244,488 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $217,000 |
| 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. | $349,504 |
| Compensation of current officers, directors, key employees. | $329,687 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,345 |
| Payroll taxes | $40,032 |
| 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 | $224,179 |
| Advertising and promotion | $700 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $150,398 |
| Conferences, conventions, and meetings | $129,253 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,275 |
| All other expenses | $100,463 |
| Total functional expenses | $1,366,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $695,104 |
| Savings and temporary cash investments | $581,727 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,631 |
| Total assets | $1,278,462 |
| 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 | $38,580 |
| Total liabilities | $38,580 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,239,882 |
| 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 | $1,278,462 |
Grants Awarded
Over the last fiscal year, Glocal Net Inc has awarded $146,123 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LYN COMMUNITIES PURPOSE: To facilitate a goal and incentivize performance | $69,623 |
MULTI-FAITH NEIGHBORS NETWORK PURPOSE: To facilitate a goal and incentivize performance | $76,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Glocal Net Inc Keller, TX | $1,278,462 | $1,244,488 |
Richardson Center For Global Engagement Santa Fe, NM | $571,983 | $647,475 |
International Society For Individual Liberty Inc Dallas, TX | $1,672,292 | $2,044,798 |
Friends Of Roots Dallas, TX | $94,711 | $471,312 |
Track Ii Unit Inc New Orleans, LA | $1,374 | $211,672 |
Global & Theological Trends Inc San Antonio, TX | $1,630,558 | $24,863 |
Southwest Jewish Congress Dallas, TX | $116,889 | $120,356 |
New Mexico Network For Nonviolent Communication Truth Or Consequences, NM | $792 | $0 |
Blooming Hope Inc Fort Worth, TX | $0 | $0 |