Global Lounge Incorporated
- Assets
- $222.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boise, ID
- Founding
- 03/2008
- Data as of
- 12/2022
- EIN
- 65-1281801
Organization Overview
Global Lounge Incorporated is located in Boise, ID. The organization was established in 2008. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Lounge Incorporated 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, Global Lounge Incorporated generated $171.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $131.5k during the year ending 12/2022. While expenses have increased by 19.6% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
WORLD VILLAGE FESTIVAL IS A THREE-DAY PRESENTATION OF IDAHO'S INTERNATIONAL AND TRADITIONAL ARTISTS, MUSICIANS, STORY-TELLERS, ARTISANS AND REPRESENTATION DEMONSTRATING CULTURAL TRADITIONS THROUGH PERFORMANCES, WORKSHOPS AND OTHER INTERACTIVE ACTIVITIES. THE EVENT DRAWS APPROXIMATELY 8,000 PEOPLE EACH YEAR. HOWEVER, DUE TO COVID-19 RESTRICTIONS THE FESTIVAL COULD NOT BE HELD IN 2021. GRANTS AND DONATIONS WERE RECEIVED AND WILL BE USED AT THE 2022 EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dayo Ayodele Artistic Director | 30 | $0 | |
Wayne Rancourt Director, President | 20 | $0 | |
Bonnie M Pfaff Director, Treasurer | 20 | $0 | |
Sage Agbonkese Director, Vice President | 10 | $0 | |
Donna Kovaleski Executive Director | 20 | $0 | |
Mayo Durotivic Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,151 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $174 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $35,251 |
| Total Revenue | $171,576 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $19,253 |
| Occupancy, rent, utilities, and maintenance | $20,498 |
| Printing, publications, postage, and shipping | $1,647 |
| Other expenses | $90,111 |
| Total expenses | $131,509 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $175,588 |
| Other assets | $0 |
| Total assets | $221,995 |
| Total liabilities | $0 |
| Net assets or fund balances | $221,995 |