Global Network Foundation Inc
- Assets
- $3.3m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 12/1993
- Data as of
- 12/2021
- EIN
- 58-2069383
Organization Overview
Global Network Foundation Inc 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 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 12/2021, Global Network Foundation Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.1% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 10.3% per year over the past 7 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
2021
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
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.
CENTRAL EURASIA EDUCATION FUND (CAEF): SUPPORTS PROJECTS IN CENTRAL EURASIA, INCLUDING FOCUS IN TURKMENISTAN - TURMENISTAN HEALTH INITIATIVE. SAGLYK.ORG
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Haselden Executive Director | Officer | 5 | $0 |
Kathleen Durdin Treasurer | Trustee | 2 | $0 |
Jane Shivers Immediate Past Chair | Trustee | 2 | $0 |
Justin Mcmahan Director At-Large | Trustee | 1 | $0 |
Johnny Roberts Chair-Elect And Secretary | Trustee | 2 | $0 |
Chip Cottrell Chair | Trustee | 2 | $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 | $2,106,209 |
| Noncash contributions included in lines 1a–1f | $452,645 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,106,209 |
| Total Program Service Revenue | $0 |
| Investment income | $1,312 |
| 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 | $2,107,521 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250,149 |
| Grants and other assistance to domestic individuals. | $164,795 |
| Grants and other assistance to Foreign Orgs/Individuals | $689,686 |
| 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 | $5,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,175 |
| 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 | $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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $10,274 |
| Total functional expenses | $1,141,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,841,124 |
| Pledges and grants receivable | $393,025 |
| Accounts receivable, net | $1,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,000 |
| 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 | $3,260,149 |
| Accounts payable and accrued expenses | $209,121 |
| 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 | $25,000 |
| Total liabilities | $234,121 |
| Net assets without donor restrictions | $190,926 |
| Net assets with donor restrictions | $2,835,102 |
| 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 | $3,260,149 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Global Network Foundation Inc has recieved totaling $321,392.
| Awarding Organization | Amount |
|---|---|
Foundation To Promote Open Society New York, NY PURPOSE: TO PROVIDE HIGH-QUALITY RESEARCH AND VERIFIED CONTENT IN TURKMEN ON RELEVANT PUBLIC-HEALTH ISSUES, SUPPORT THE ORGANIZATIONAL DEVELOPMENT OF A FELLOWSHIP PROGRAM, AND FOSTER CONSTRUCTIVE DIALOGUE ONLINE | $140,000 |
Foundation To Promote Open Society New York, NY PURPOSE: TO SUPPORT THE DEVELOPMENT OF A MEDIA PLATFORM AND RELATED SOCIAL MEDIA PAGES THAT ARE FOCUSED ON PROVIDING INFORMATION AND WORKING WITH YOUTH | $105,000 |
The Asha And Sajjan Agarwal Foundation Raleigh, NC PURPOSE: EDUCATION SEALA 8 SCHOLARSHIP FUND | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $22,125 |
Mark E & Mary A Davis Foundation Belle Plaine, MN PURPOSE: GENERAL SUPPORT | $10,000 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $1,953,437 |
| Net Contributions | $1,989,039 |
| Other Expense | $251,893 |
| Grants | $855,481 |
| Ending Balance | $2,835,102 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Global Network Foundation Inc Atlanta, GA | $3,260,149 | $2,107,521 |
Tectum Foundation Inc Miami, FL | $21,587 | $577,977 |
International Plastic Modelers Society U S A Branch Riverview, FL | $319,675 | $327,328 |
International Seafarers Center Inc Brunswick, GA | $503,374 | $273,144 |
Woodmen Of The World Life Insurance Society Piney Flats, TN | $29,248 | $0 |
Woodmen Of The World Life Insurance Society Hartselle, AL | $79,167 | $0 |
South Alabama Woodmen Association Inc Montgomery, AL | $102,695 | $46,927 |
Woodmen Of The World Life Insurance Society Tallahassee, FL | $330,021 | $0 |
Woodmen Of The World Life Insurance Society Locust, NC | $248,292 | $0 |
Woodmen Of The World Life Insurance Society Columbus, GA | $9,259 | $0 |
Woodmen Of The World Life Insurance Society Panama City, FL | $422,737 | $36,676 |
Woodmen Of The World Life Insurance Society Dothan, AL | $238,775 | $0 |