Glodev Inc
- Assets
- $432.7k
- Revenue
- $71.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Jacksonville, FL
- Founding
- 02/2013
- Data as of
- 12/2020
- EIN
- 45-4382475
Organization Overview
Glodev Inc is located in Jacksonville, FL. The organization was established in 2013. 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 12/2020, Glodev Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glodev 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 12/2020, Glodev Inc generated $71.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (26.5%) each year. All expenses for the organization totaled $49.5k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION GOAL IS TO ESTABLISH A COMMUNITY THAT IS SELF-SUSTAINING AND TRAIN PEOPLE TO REPLICATE THIS IN THE UNITED STATES AND GLOBALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS IN THE STARTUP PROCESS AND IS GATHERING FUNDING FOR THE SELF-SUSTAINABLE PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Lovelace CEO | Officer | 40 | $0 |
Nancy Lovelace Secretary | Officer | 20 | $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 | $62,921 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,921 |
| 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 | $18,512 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$9,691 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $71,742 |
| 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. | $7,105 |
| Compensation of current officers, directors, key employees. | $7,105 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,840 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,340 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $539 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,601 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,912 |
| Travel | $1,394 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $198 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,297 |
| Insurance | $0 |
| All other expenses | $4,670 |
| Total functional expenses | $49,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,153 |
| 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 | $362,985 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,515 |
| Total assets | $432,653 |
| Accounts payable and accrued expenses | $2,454 |
| 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 | $2,454 |
| Net assets without donor restrictions | $430,199 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $432,653 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Glodev Inc has recieved totaling $10,101.
| Awarding Organization | Amount |
|---|---|
Reeve Family Foundation Garden City, KS PURPOSE: CHARITABLE USES OF THE ORGANIZATION | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $101 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
African Mission Healthcare Foundation DeLand, FL | $29,885,359 | $23,989,461 |
Amigos For Christ Buford, GA | $4,217,846 | $8,607,219 |
Insulin For Life Usa Inc Gainesville, FL | $7,217,189 | $8,108,896 |
Watoto Child Care Ministry Inc Tampa, FL | $4,552,352 | $8,144,856 |
Favor International Inc Bradenton, FL | $3,030,494 | $5,819,335 |
The Yonkofa Project Inc Peachtree City, GA | $245,141 | $5,183,771 |
Comfort Aid International Lake Mary, FL | $6,410,038 | $6,736,637 |
Bravo Family Foundation Miami Beach, FL | $45,795,409 | $2,825,703 |
Doulos Partners Birmingham, AL | $182,413 | $4,426,226 |
Missionary Flights & Service Inc Fort Pierce, FL | $9,687,861 | $4,312,030 |
Extreme Response International Inc Snellville, GA | $2,127,670 | $3,996,045 |
Health Through Walls Inc North Miami, FL | $3,696,037 | $3,637,727 |