Global Network Foundation Inc Society Of Intl Business Fellows
- Assets
- $3.5m
- Revenue
- $801.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 12/1993
- Data as of
- 12/2023
- EIN
- 58-2069383
Organization Overview
Global Network Foundation Inc Society Of Intl Business Fellows is located in Atlanta, GA. The organization was established in 1993. According to its NTEE Classification (Q35) the organization is classified as: International Democracy & Civil Society Development, 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. Global Network Foundation Inc Society Of Intl Business Fellows 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 12/2023, Global Network Foundation Inc Society Of Intl Business Fellows generated $801.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 7.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT PROGRAMS THAT EDUCATE, EMPOWER AND TRANSFORM LEADERS AROUND THE WORLD THROUGH LEADERSHIP DEVELOPMENT, MENTORSHIP AND GLOBAL NETWORKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFGHANISTAN ASSISTANCE FUND: AFGHANISTAN ASSISTANCE FUND: SUPPORTS THOSE DISPLACED OR WHO ARE IN DANGER AS A RESULT OF THE TURBULANCE IN AFGHANISTAN.
LEADERSHIP ACADEMIES: PROVIDE SUPPORT TO SOCIETY OF INTERNATIONAL BUSINESS FELLOWS, INC. (A RELATED TAX-EXEMPT ORGANIZATION) FOR EDUCATIONAL LEADERSHIP PROGRAMS IN CENTRAL EURASIA, MIDDLE EAST, SOUTHEAST ASIA AND NORTH AMERICA.
DISTINGUISHED SPEAKER SERIES: PROVIDE FUNDING FOR HIGH QUALITY SPEAKERS AT MEMBER EDUCATIONAL PROGRAMS DESIGNED TO PROMOTE INTERNATIONAL BUSINESS AND PHILANTHROPY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Haselden Executive Director | Officer | 5 | $0 |
Shannon Williams Director Of Programs | 5 | $0 | |
Jane Shivers Global Reach Fund Chair | Trustee | 2 | $0 |
Kathleen Durdin Treasurer | Trustee | 2 | $0 |
Johnny Roberts Gnf Chair | Trustee | 2 | $0 |
Justin Mcmahan Director At-Large | 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 | $700,212 |
| Noncash contributions included in lines 1a–1f | $55,614 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $700,212 |
| Total Program Service Revenue | $0 |
| Investment income | $100,938 |
| 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 | $801,150 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $976,567 |
| Grants and other assistance to domestic individuals. | $20,700 |
| Grants and other assistance to Foreign Orgs/Individuals | $66,259 |
| 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 | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $30,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,784 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| 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 | $0 |
| Conferences, conventions, and meetings | $1,581 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,113,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,387,709 |
| Pledges and grants receivable | $127,014 |
| Accounts receivable, net | $6,454 |
| 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 | $0 |
| Total assets | $3,521,177 |
| Accounts payable and accrued expenses | $64,534 |
| 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 | $64,534 |
| Net assets without donor restrictions | $284,296 |
| Net assets with donor restrictions | $3,172,347 |
| 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 | $3,521,177 |
Grants Awarded
Over the last fiscal year, Global Network Foundation Inc Society Of Intl Business Fellows has awarded $981,547 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOCIETY OF INTERNATIONAL BUSINESS FELLOWS PURPOSE: EDUCATIONAL PROGRAMS | $634,214 |
INFINITUS SALVATOR PURPOSE: Program Services | $347,333 |